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By Kaisar
Saturday, March 14, 2009 (02:16:20), EST

HDFC Short Term Bridging Loan

HDFC Short Term Bridging Loan allows you to relocate to a bigger and better home by giving you time to sell your existing home to pay off the loan. With loan provided under the scheme you can buy a new home while taking time to find a suitable buyer for your old home. Upto 90 percent of the cost of new property can be financed under the scheme.

The maximum term to repay your loan amount is 2 years, which is enough to help you with the interim period between the sale of your old property and the purchase of a new one. An existing customer of the bank is also allowed to apply for Short Term Bridging Loan. Moreover, you can take the loan individually or in joint participation with other co-applicants, who need not be co-owners of the property purchased thus.



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