|HUDCO was established in the year 25 April, 1970 under the act 1956. It is a public sector enterprise. It is an ISO 9001: 2001 certified company. The aim of HUDCO Bank is to provide the long term finance solutions for the construction of the houses. The activities undertaken by HUDCO are Housing, Infrastructure, Action Plan schemes, Building Technology, Consultancy, Disaster Mitigation and Research and Training. It also offers residential properties on sale.
The full form of HUDCO is Housing and Urban Development Corporation Limited. HUDCO is considered to be the building centers in India thereby it constructs the houses. It was formed in India to provide the housing facilities to the people. It is popular in India especially in Bangalore, Chennai, Delhi, Pune, Guwahati, Coimbatore, Kolkata, Bhopal, Mumbai, Kerala and Karanataka.
HUDCO India acts as the housing development agency. It provides the rural housing, urban, staff rental, repairs and renewals, land acquisition and individual housing loans through "HUDCO Niwas". It also provides the building technology, infrastructure, consultancy services and research and training to the urban and rural areas. The interest rate of HUDCO's depends upon the projects and also upon the category of borrower.
HUDCO Home Loan
HUDCO provides home loan to the people. The minimum time limit for the loan is 5 years and maximum can be 10 or 15 years. The maximum time limit of 10 years is for the private projects. And 15 years is for the Government projects. In order to repay the loans, options available to the people are monthly, quarterly, half-yearly and yearly order. The financing pattern for home loans is available on the official website of HUDCO.
HUDCO Niwas Home loan offers an individual the loan for fulfilling their housing facilities. It provides the financing solution for owning houses. It also provides the loan against fixed deposit. The official website provides the information on HUDCO, fixed deposit, bonds, career, place, interest rates, home loan and bonds.
Core-7-A, India Habitat Centre, Lodhi Road
New Delhi - 110003
Phone No.: 24649610-23, 42627113-15