The full form of HDFC is the Housing Development Finance Corporation. A well-known Indian housing finance company, HDFC primarily offers mortgage loans to middle- and lower-class people for the purchase of homes and to builders for construction projects. Its principal objective is to increase homeownership and the residential housing supply by methodically providing housing finance.
The organisation is a leader in the Indian housing financing industry, and Mumbai, India, is home to its corporate headquarters. It has a vast distribution network made up of 427 connected branches. Additionally, it has three branch offices in Singapore, London, and Dubai that offer Home Loan services. As part of the 1994 RBI deregulation of the Indian Banking Industry, The HDFC was one of the first companies to receive “In Principle” approval from the RBI to establish a private sector bank.
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Core values and Ideals of HDFC
- Integrity
- Professional Service
- Trust
- Transparency
Products and Services of HDFC
HDFC Bank offers a variety of products and services, such as:
- Wholesale banking
- Retail banking
- Treasury
- Car loans
- Two-wheeler loans
- Personal loans
- Property loans
- Consumer-sustainable loans
- Lifestyle loans
- Credit card
- Payzapp
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