Repayment capacity takes into consideration factors such as income, age, qualifications, number of dependants, spouse's income, assets, liabilities, stability and continuity of occupation and savings history. And, of course, HDFC's main concern is to make sure you can comfortably repay the amount you borrow.
Interest is calculated on annual rests.
Principal repayments are credited at the end of HDFC's financial year. The effective rate of interest varies depending on the term of the loan. Under the Fixed Rate Home Loans the rate applicable on the date of disbursement remains fixed during the entire duration of the loan. For terms and conditions of Adjustable Rate Home Loans, see details under ARHL . Repayment by way of EMI commences from the month following the month in which you take full disbursement.