HDFC Ltd Opens New Office in Narsaraopeta, Strengthens its Presence in Andhra Pradesh

Telugu super news,Guntur, May 17th, 2023: HDFC Ltd, India’s premier housing finance company, strengthened its presence in Andhra Pradesh by opening a new office in Narsaraopeta. The new office is housed at HDFC Limited, 1st floor, D no 11-23-1, Beside Vagdevi Degree College, Ramireddy peta, Canara Bank Line, Narasaraopeta, Palnadu District, Andhra Pradesh – 522601. This is HDFC Ltd’s 24th office in Andhra Pradesh.

The new office would be convenient for customers spread across Narsaraopeta and adjoining areas in availing home loans for buying their dream home. The new office is centrally located and customer convenience was given utmost importance while finalizing the new premises.

HDFC Ltd has also relocated Guntur office to new premises. The newly relocated office is based at HDFC Ltd, ARM Complex, Sr.No: 139 AB, Door No:133-28, Amaravathi Road, Nagaralu Gorantla, Guntur, Andhra Pradesh – 522034 

Both the offices will be open from Monday to Friday between 9:30 am and 5:15 pm; Saturdays – 10:00 am to 1:00 pm. Office will remain closed on 3rd Saturday of every month.

Mr. Rajan Tandon, Regional Business Head – Telangana and Andhra Pradesh inaugurated both the offices in Narsaraopeta in presence of other senior officials of HDFC Ltd.

Speaking on the occasion, Ms. Renu Sud Karnad, Managing Director – HDFC Ltd said, “Narsaraopeta is district headquarters and it is one of the biggest commercial centres in newly formed Palnadu district. Narsaraopeta has presence of multiple industries such as camp furniture, agriculture and other cottage industries. The city is witnessing significant economic activities recently and hence it offers an excellent opportunity for growth as there would be a lot of demand for housing in and around the city. This new office will help us to deepen our relationship with the customers and in turn will help them to avail home loans conveniently”

Emphasizing further she said,

“HDFC has always promoted the concept of home ownership and well recognizes the fact that providing personalized counselling is essential to serve home seekers more effectively. Our new office signifies the importance of the region in the HDFC’s network. We aim to reach the large untapped market of genuine home buyers and assist them in making an informed home buying decision.”

HDFC has launched host of digitally enabled services to help the customer conveniently manage their home loan account. HDFC focused on an online digital platform for loans and retail deposits, and initiated ‘HDFC Customer Connect’ for all customer requests. Today over 94% of new loan applications received are through digital channels up from less than 20% before Covid-19 pandemic. In the housing finance space, HDFC is the first institute to lay emphasis on online loan processing during the lockdown. HDFC’s thrust on digital initiatives and inherent demand for housing helped to get back to normalcy faster than expected and has been instrumental in achieving the milestone of approving retail home loans of over ₹ 2 lakh crore in FY22, highest ever in a financial year.

For the year ended March 31, 2023, 23% of home loans approved in volume terms and 9% in value terms have been to customers from the Economically Weaker Section (EWS) and Low Income Groups (LIG).

HDFC follows a single-window concept and offers free property counselling services for a variety of individual needs, legal & technical guidance and has capabilities to approve loans swiftly. With its understanding and knowledge of the real estate market, HDFC also advises customers on property related issues. It has grown to provide not just the finance but a complete solution to the customers’ housing needs since buying a house for most of us is the biggest Investment and once in a life time decision.

Innovative products tailored for the customers:

  • Housing loans
  • Home Improvement Loans
  • Home Extension Loans
  • Plot Loans
  • Rural Housing Finance Loans
  • HDFC Reach
  • Loans to NRIs
  • Loan Against Property
  • Top-up Loans for existing customers
  • Customized repayment options

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