HDFC Ltd Opens New Office in Suryapet
- Strengthens its Presence in Telangana
- Home Loans made available with more convenience
- HDFC Ltd’s Suryapet office is 19th in Telangana
The new office of HDFC Ltd would be convenient for customers spread across Suryapet and adjoining areas in availing home loans for buying their dream home. The new office is centrally located and customer convenience was given utmost importance while finalizing the new premises.
The new office will be open from Monday to Friday between 9:30 am and 5:15 pm; Saturdays – 10:00 am to 1:00 pm and will remain closed on 3rd Saturday of every month.
Speaking on the occasion, Ms. Renu Sud Karnad, Managing Director – HDFC Ltd said, “Suryapet known as the ‘Gateway of Telangana’ is one of the fastest growing city in Telangana and an important market for us. Suryapet has several small to medium scale industries and with improving infrastructure facilities, real estate market will witness a strong growth in coming years. Lower interest rates, stable property prices and PMAY schemes has made buying a house more affordable. It’s a matter of pride that we have this opportunity to further extend our services to customers residing in the areas near our new office and it has always been our endeavour to serve them with the same zeal & commitment."
Emphasizing further she said,
“HDFC has always promoted the concept of home ownership and well recognizes the fact that providing personalized counselling is essential to serve home seekers more effectively. Our new office signifies the importance of the region in the HDFC’s network. We aim to reach the large untapped market of genuine home buyers and assist them in making an informed home buying decision.”
HDFC Ltd under ‘Pradhan Mantri Awas Yojana’ (PMAY) is offering the credit linked subsidy for home loans to customers from the Economically Weaker Section (EWS), Low Income Group (LIG) and Mid Income Group (MIG). As per the scheme, eligible borrowers will get interest subsidy of 6.5% pa for loans up to ₹ 6,00,000 for EWS and LIG category (annual household income up to ₹ 6,00,000), interest subsidy of 4% for loans up to ₹ 9,00,000 for MIG-1 category (annual household income between ₹ 6,00,001 & ₹ 12,00,000) and interest subsidy of 3% for loans up to ₹ 12,00,000 for MIG-2 category (annual household income between ₹ 12,00,001 & ₹ 18,00,000) for a maximum tenure of 20 years. The effective subsidy to customer is in the range of ₹ 2.30 - 2.67 lakhs on a 20 year term, receivable upfront. The subsidy scheme for MIG category has been closed as on 31st March 2021 whereas the subsidy scheme for EWS/LIG category is valid till 31st March 2022 as per the current guidelines.
HDFC in order to promote affordable housing has created dedicated teams across the country. These teams have conducted extensive workshops to educate developers and their sales staff, corporate and their employees, etc by setting up help desks at their offices. HDFC during year ended March 31, 2021, 33% of home loans approved in volume terms and 16% in value terms have been to customers from the Economically Weaker Section (EWS) and Low Income Groups (LIG). HDFC retained its position of having the largest number of beneficiaries under CLSS, with cumulative disbursements to nearly 2.3 lakh customers under the scheme.
HDFC Ltd in March 2019 was awarded as the ‘Best Private Sector Financial Institution’ for PMAY-CLSS at PMAY Empowering India Awards 2019. Also in June 2018, HDFC was awarded the best performing primary lending institution in the EWS (Economically Weaker Section) and LIG (Low Income Group) and second best in the Middle Income Group (MIG) category by the honorable Prime Minister Shri. Narendra Modi. This is one small step towards “Housing for all by 2022” which HDFC ltd has been working on as a mission and business objective to take the government’s flagship scheme, ‘Pradhan Mantri Awas Yojana (PMAY)’ to the real beneficiaries.
HDFC follows a single-window concept and offers free property counselling services for a variety of individual needs, legal & technical guidance and has capabilities to approve loans swiftly. With its understanding and knowledge of the real estate market, HDFC also advises customers on property related issues. It has grown to provide not just the finance but a complete solution to the customers’ housing needs since buying a house for most of us is the biggest Investment and once in a life time decision.
Innovative products tailored for the customers:
- Housing loans
- Home Improvement Loans
- Home Extension Loans
- Plot Loans
- Rural Housing Finance Loans
- HDFC Reach
- HDFC Arya - loans to Central and State Govt. Employees
- Loans to NRIs
- Loan Against Property
- Top-up Loans for existing customers
- Customized repayment options
