HDFC Home Loan: How to apply for HDFC spot offer home loan

HDFC, on Tuesday, launched ‘Spot Offer‘ home loans on WhatsApp, a service that will provide in-principle home loan approval to home buyers within 2 minutes. “All that the users have to do is to initiate a conversation on HDFC’s WhatsApp number (+91 98670 00000) and provide some basic information in a few clicks through a guided conversational flow. On the basis of the information keyed in by the customer, a provisional home loan offer letter is generated instantaneously,” in a press release on May 17, 2022.

Only salaried Indian residents can use the spot offer home loan facility.

Follow these steps to avail the spot offer home loan facility.

Step 1: Customer needs to type ‘Hi’ on +919867000000 on WhatsApp to initiate the process

Step 2: Select “New Loans” from the menu

Step 3: From the subsequent menu select “Spot Offer (New)”

Step 4: Select the employment category “Salaried / Self-Employed

Step 5: Enter your email id

Step 6: Select Resident Status “Resident Indian / NRI”

Step 7: Enter Pin Code of your residence

Step 8: Enter your full name (As per your PAN Card)

Step 9: Please read the Terms and Conditions and Select “Proceed”

Step 10: Based on the name entered, your details (PAN No, Date of Birth and Residential Address) will be generated and displayed.

Step 11: If the information is correct select “Confirm” to proceed or click “Update Details” to type in again

Step 12: Enter the OTP that will be generated

Step 13: Enter your Gross Monthly Income and current monthly obligations (ie other EMIs, etc)

Step 14: Based on the information provided, an in-principle approval letter in pdf format will be sent to your Mobile just in a few moments.

Step 15: The approval letter will contain loan amount, Loan tenure, rate of interest and EMI and Processing Fee .

Step 16: HDFC Ltd’s Home Loan expert will get in touch with you to take your loan application forward.