Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

HDFC Home Loan Protection Plan

By Moneylaxmi Subscribe to RSS | June 29th 2012 | Views:
loading
 
  



What would happen to my family in case of my unfortunate decease anytime during the loan tenor? This is a familiar question for every home buyer. To assure your peace of mind HDFC Bank planned to protect your family from your loan liabilities in case of your unfortunate demise within the policy term. This plan intends to ensure that your family does not lose the shelter that you have dreamt for them, in case you are not around to pay off the outstanding monthly installments on your housing loan. This gives you the relief that in your absence, a sum of money will be obtainable towards repaying your housing loan, guaranteeing that your family will be secure in your family home.

Advantages of Protection Plan HDFC Home Loan:

• The sum assured is intended to help pay-off your outstanding home loan in case of your unfortunate death

• Policy can be availed by paying a single premium in advance

• You can avoid paying for the protections which you do not need

• The minimum eligibility limit to avail this plan is 18 years and the maximum is of 50 years.

• The minimum sum assured under this plan is Rs.2000

• The maximum sum assured under this plan is Rs.30, 00,000.

• The premium amount can be included in the housing loan and repaid as part of the loan repayment installments

• Decreasing Sum Assured makes sure that you do not pay for protection you don't need

Understanding that Housing Loan is a long-term financial assurance HDFC advises customers to take Housing Loan Insurance for protecting their loan. In case of any probable occurrence during this period, it is safe to make sure that the family is not loaded with the loan liability. Hence, to take care of such worries during such a long period, HDFC along with its group company HDFC Standard Life Insurance offers a Home Loan Protection Plan planned specifically to cater home loan customers. This plan ensures that the company will pay all the outstanding home loans in case of your unfortunate death. It would pay off the loan outstanding and the remaining lump sum is provided to the beneficiary. The HDFC Home Loan Protection Plan proffers outstanding value for money.

Eligibility:

Minimum age at entry 18 years

Maximum age at entry 50 years

Maximum age at expiry 60 years

In a nutshell, HDFC Protection Plan confirms that your dependants will be secure in your family home, even if you are not there with them. The lender is the first private housing finance company to offer insurance cover to customers.

Moneylaxmi - About Author:
Moneylaxmi.com is a housing Finance company. Every home loan applicant, seeking housing finance support from hdfc needs to meet the HDFC Home Loan eligibility criteria.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/loans-articles/hdfc-home-loan-protection-plan.htm

Related Loans Articles Subscribe to RSS

Check into cash payday loans- the best loan deal for tough times
Published by Riyt Leson on July 24th 2012 | Loans
By taking quick funds via check into cash payday loans, you can easily get rid of any kind of financ...
 
Private school loan for bad credit- Ultimate way to gain valuable money
Published by John Simen on July 11th 2012 | Loans
By availing quick funds through private school loan for bad credit, you can manage financial needs o...
 
1500 loan - Without any apprehension
Published by Stevemartin on December 1st 2011 | Loans
This is a fantastic aid for the salary class person who is earning fixed income every month. Your pr...
 
Fast cash loans with bad credit - Feasible loan for everyone!
Published by Albert Bells on March 24th 2012 | Loans
By availing quick funds through fast cash loans with bad credit scheme, you can utilize money in man...
 
500 cash payday loan- Useful loan with easy repayment option
Published by Georgia Bart on December 6th 2011 | Loans
With 500 cash payday loan, you can obtain fund of $500 to overcome small cash crisis with ease....
 
Debit card loan - Chance of borrowing instant funds
Published by Nain Seek on July 25th 2012 | Loans
If you are avail quick cash via debit card loan, you can easily meet unexpected fiscal worries witho...
 
Getting a quick and helpful payday loan
Published by Payday Loan on April 11th 2012 | Loans
If you wish to be aided by the payday loans, take the help of Payday Advance for complete assistanc...
 
Fast loan no credit check- Meet financial urgency now!
Published by Andrew Stomes on June 25th 2012 | Loans
By taking fast loan no credit check scheme, you can now easily fulfill financial emergencies without...
 
Savings account payday loans- Reliable financial loan for salaried persons
Published by Abish Dalton on June 30th 2012 | Loans
If you got instant funds via savings account payday loans, you can remove all financial emergencies ...
 
Bad credit emergency loans - Avail quick funds in form of loan
Published by Alan Cruzs on May 18th 2012 | Loans
If you want to acquire small fund in easy way, it is better for you to apply bad credit emergency lo...
 
Payday UK - Payday loan lender assessment
Published by Ian Foster on December 8th 2011 | Loans
Through Payday UK company there is no arrangement fees or hidden fees when obtaining your personal p...
 
90 day short term loans- Useful loan for borrowers
Published by David Hassia on May 31st 2012 | Loans
With 90 day short term loans, you can grab quick cash up to $1500. This way, this loan is very helpf...
 
Auto Loan Calculator: Faster means to discover the finest car loan deal
Published by Steve Matthew on February 22nd 2012 | Loans
Auto Loan Calculator can be barely supervising to evaluate diversify auto credit loans by dissimilar...
 
Dollar payday loans- getting approval from the loan arranger do you need quick
Published by Smeeth Michal on June 30th 2012 | Loans
An online application process will let you avail the dollar payday loans. You will not have to pledg...
 
Debit card loans-Grab instant loan via debit card
Published by Zerif Berson on December 16th 2011 | Loans
Debit card loans are useful to manage your urgent financial matters in your daily life....
 
6 month loan- Monetary support with easy repayment
Published by Aldis Roy on January 11th 2012 | Loans
By getting fund via 6 month loan, you can maintain your lifestyle and utilize money for daily needs....
 
Ten dollar payday loan- Small loan available online for you!
Published by Addison Maddy on July 10th 2012 | Loans
For those borrowers who prefer small funds, ten dollar payday loan is the batter financial help avai...
 
2 month loan: Crack Money Deal for 2 Months
Published by Kelse Roy on April 5th 2012 | Loans
2 month loan is a deal that offers small term cash with affordable interest rate along with monthly ...
 
Cash loans- fast and easy loan made for everyone!
Published by Conner Abel on May 23rd 2012 | Loans
By getting cash loans, you have capability to tackle unexpected financial worries with ease!...
 
Ten dollar payday loan- Easy to get approval and quick cash
Published by Addison Maddy on July 2nd 2012 | Loans
If you are taking small funds from ten dollar payday loan, you have the chance to meet small financi...