Security of the loan would usually be safety curiosity on the property being financed and / or some other collateral / interim safety as could also be required by HDFC. We will disburse your loan in installments based on the progress of development/renovation as assessed by HDFC. You can take disbursement of the loan once the property has been technically appraised, all legal documentation has been accomplished and you’ve got invested your own contribution in full. Security of the loan would generally be safety interest on the property being financed by us and / or any other collateral / interim safety as may be required by us. You are eligible for tax advantages on the principal components of your own home renovation loan under the Income Tax Act, 1961. As the advantages could differ every year, please do verify with our Loan Counselor concerning the tax advantages which you can avail on your loan.
We’ll then let you understand the decision and what the standing of your utility is. This means your month-to-month Direct Debit funds would be the identical every month until your loan is paid off.
Home Improvement Loan Information
You do not pay any further and the …