HDFC Opens New Office in Madanapalle Andhrapradesh


Telugu Super News,Madanapalle, January 12th, 2023: HDFC Ltd, India’s premier housing finance company, strengthened its presence in Andhra Pradesh by opening a new office in Madanapalle. The new office is housed at HDFC Limited, D.No. 3-237-4, 1st Floor, Opp. Bapuji Park, Reddappa Naidu Colony, C T M Road, Madanapalle, Andhra Pradesh 527325. This is HDFC Ltd’s 22nd office in Andhra Pradesh.

The new office would be convenient for customers spread across Madanapalle 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.

The new office 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 the new office in Madanapalle in presence of other senior officials of HDFC Ltd.

Speaking on the occasion, Ms. Renu Sud Karnad, Managing Director – HDFC Ltd said, “Madanapalle is one of the important cities in Andhra Pradesh. 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 92% 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 quarter ended Sept 30, 2022, 23% of home loans approved in volume terms and 10% 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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