HDFC Home Loan Balance Transfer Highlights | |
Interest Rates | 8.50% p.a. onwards |
| Tenure | Up to 30 years |
| LTV Ratio | |
| Up to and including Rs 30 lakh | Up to 90% of property cost |
| Rs 30.01 lakh-Rs 75 lakh | Up to 80% of property cost |
| Above Rs 75 lakh | Up to 75% of property cost |
| Processing Fees | For Salaried/Self-Employed Applicants: Up to 0.50% of the loan amount or Rs 3,000 plus taxes, whichever is higher For Self-Employed Non-Professionals: Up to 1.50% of the loan amount or Rs 4,500 plus taxes, whichever is higher |
Note: Rates as of 28th March 2023
Table of Contents
HDFC Home Loan Balance Transfer Interest Rates
Special Home Loan Balance Transfer Rates (For Salaried/Self-employed professionals/Self-employed non-professionals)
| Loan Slab | Interest Rate (p.a.) |
| All loan amounts | 8.50%-9.00% |
Standard Home Loan Balance Transfer Rates (Floating)
(For Salaried/Self-employed professionals/Self-employed non-professionals)
| Loan Slab | Interest Rate (p.a.) |
| All loan amounts | 8.70%-9.60% |
| Loan Slab | Interest Rates (p.a.) |
| For Women (Up to Rs 30 Lakh) | 8.95%-9.45% |
| For Others (Up to Rs 30 Lakh) | 9.00%-9.50% |
| For Women (Rs 30.01 Lakh- Rs 75 lakh) | 9.20%-9.70% |
| For Others (Rs 30.01 Lakh- Rs 75 lakh) | 9.25%-9.75% |
| For Women (Rs 75.01 Lakh and above) | 9.30%-9.80% |
| For Others (Rs 75.01 Lakh and above) | 9.35%-9.85% |
Also know the HDFC Home Loan interest rates of other home loan schemes
HDFC Home Loan Balance Transfer Fees and Charges
| Processing Fee | For Salaried/Self-Employed Applicants Up to 0.50% of the loan amount or Rs 3,000 plus taxes, whichever is higher Minimum Retention Amount: 50% of applicable fees or Rs 3,000 plus taxes, whichever is higher For Self-Employed Non-Professionals Up to 1.50% of the loan amount or Rs 4,500 plus taxes, whichever is higher Minimum Retention Amount: 50% of applicable fees or Rs 4,500 plus taxes, whichever is higher |
| Check Dishonour Charges | Rs 300 |
| List of Documents | Up to Rs 500 |
| PDC Swap | Up to Rs 500 |
| Documents Photocopy | Up to Rs 500 |
| Disbursement Cheque Cancellation Charge Post Disbursement | Up to Rs 500 |
| Reversal of provisional prepayment under HDFC Maxvantage scheme | Rs 250 + taxes |
| Re-appraisal of loan after 6 months from sanction | Up to Rs 2,000 + taxes |
Also know about HDFC Home Loan Processing Fees levied on other home loan schemes
Eligibility Criteria for HDFC Home Loan Balance Transfer
- Age: 21-65 years
- Profession: Salaried applicants/Self-Employed Professionals (Doctors, lawyers, architects, CAs, CS, Engineer, Consultant, etc.)/Self-Employed Non-Professionals (Commission Agent, Trader, Contractor, etc.)
- Gender: All
- Nationality: Indian Resident
Know more about HDFC Home Loan Eligibility
Documents Required for HDFC Home Loan Balance Transfer
For Salaried Applicants
ID Proof and Address Proof
- Driving License
- Voter ID
- PAN Card
- Passport
Income Proof
- Salary Slips for last 3 months
- Latest ITR and Form-16
- Bank Statement for past 6 months showing salary credits
Documents for Balance Transfer
- Xerox of property documents
- A letter from the existing lenders on their letterhead mentioning the list of property documents held by them
- A letter on the letterhead of the existing financial institution stating the current outstanding balance
Other Documents
- Processing Fee cheque favoring HDFC Ltd.
- Bank statement for last 6 months showing the repayment of ongoing loans
- Passport size photograph attached on the application form with signatures across
- Employment Contract/ Appointment Letter if the current employer is 1 year old
For Self-Employed Applicants
Photo ID and Residence Proof
- PAN Card
- Voter ID
- Passport
- Driving License
Income Proof
- ITR along with income computation for the last 3 years (for individual and business entity attested by a CA)
- Balance Sheet for last 3 years and profit and loss account statement with annexure/schedules (for business entity and individual attested by CA)
- Savings account statement of individual and current account statement of business entity for past 6 months
Documents for Balance Transfer
- Photocopy of property documents
- A letter on the letterhead of the existing lender stating the list of property documents held by him
- A letter from the existing lending institution on their letterhead stating the latest outstanding balance
Other Documents
- Partnership deed, if the business entity is a partnership firm
- Latest Form 26AS
- Business profile
- Details of an existing loan of the individual and business entity including outstanding amount, remaining tenure, installments, security, etc.
- Articles of Association and Memorandum of the company
- Application form with passport size photograph attached and signed across
- List of shareholders and directors with their individual shareholding certified by CA and CS in case the business entity is a company
- Processing Fee Cheque in favor of HDFC Ltd.
Know the HDFC Home Loan Documentation required for other schemes