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By Kaisar
Saturday, March 14, 2009 (02:04:06), EST

HDFC Home Extension Loan

HDFC offers Home Extension Loan for adding more space to your living area. You can construct an addition room or enclose an open balcony or even make your bathroom larger using the financial assistance provided by HDFC Home Extension Loan.

Under the scheme, the bank offers upto 85 percent of the cost of extension with a repayment option extending upto 20 years subject to the retirement age of the borrower. The interest rate is calculated on the basis of HDFC's Retail Prime Lending Rate (RPLR) under adjustable rate home loan.

HDFC Home Extension Loan can be taken by an individual borrower or by a group of co-applicants in joint participation.



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