HDFC (Housing Development Finance Corporation) is a leading housing finance organization established in 1976 that assists individuals in obtaining home loans through a variety of lending schemes. It has supported over 1.9 million families, with a strong recovery rate of 99% and a focus on credit quality and consumer service. The loan application process is straightforward, requiring specific documentation and steps for approval.

1. GOVERMENT ENGINEERING
COLLEGE,BHARUCH
 NAME – KAPTAN SAGAR R
 ENROLLMENT NO. – 130140106021
 SUB – BUILDING & TOWN PLANNING
 TOPIC – HDFC (Housing development finance
corporation)

2. The housing development finance
corporation (HDFC) is another notable and premier
housing finance organization of government carrying
on appreciable work in the area of housing finance. It
was established in 1976 and has today become a
major channelling institution which directs the public
saving and capital finance into house building.

3.  It has turned the concept of housing finance into
a profitable, professionally managed, world class
enterprise this is achieved by HDFC through
lending schemes and generation of money by
borrowing from the public through issues,
insurance premiums, bank interests and so on.
 The HDFC has enabled more and more people
to purchase houses by offering them financial
and institutional support.

4.  The HDFC provides loans for resale of properties
in a good condition, land purchase, home and non-
residential premises loans for professionals, home
improvement, home extension, home equality, etc.
 The recovery percentage of 99 of the HDFC is
very impressive. it lays emphasis on credit quality,
credit appraisal and reorganization of the repaying
capacity of the borrowers. The major emphasis is
also laid on the consumer services. It has
computerized its loan transactions.

5.  The HDFC assists the client in finding
properties which match their budgets and
location preferences, it has also established a
network pf collection centres at various banks.

6.  The HDFC has assisted over 1.9 million families to own a
home through loans over Rs. 370 billions up to the end of
year 2003. this was supported by its strong distribution
network of over 178 office across the country securing
customers in over 2400 cities or towns. It has over 46000
deposit agents with a deposit over Rs. 85 billion from
over 1.2 million depositors.
 It has earned profit of Rs. 204.62 crore after deducting
tax up to June 2004, which is about 22%more than the
previous year.

7.  The procedure for getting loan from the HDFC can
be briefly described as follows:
1) First either download the application form from
HDFC loan web site or get it by email or normal
mail or collect it from any of the nearest HDFC
offices.
2) Fill up the application form and submit it along with
the following supporting documents.
(i) Allotment letter of co-operative society or
association of apartment owners.

8. (ii) Copy of approved drawings of proposed
construction or purchase.
(iii) Agreement for sale or sale deed or detailed cost
estimate from architect or engineer for the property
under consideration.
(iv) The latest salary slip or salary certificate
showing all deduction for a salaried employee.
(v) Application processing fees which is 0.5% of the
loan amount.
(vi) A passport size photograph.

9. 3) The application will be considered and
scrutinized by HDFC.
4) On the approval of loan, a loan offer will be
made.
5) On the acceptance of the offer, an
administrative fee for the approval of loan
is to be paid to HDFC.

10. The two primary financial
institution, HUDCO and HDFC have helped
to solve the resources problem in the
housing sector. They have also paved the
way for other such local organisations and
development authorities to take up the
housing programmes and thus assist the
government in this sphere.