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Home loan interest rates largely depend on the credit score, loan amount, job profile, home loan schemes, LTV ratio and loan amount. HDFC Bank offers home loans rates starting from 7.90% p.a. after factoring in the creditworthiness of the applicants. The lender offers floating rate home loans that are EBLR based and change with the change in the external benchmark set by the RBI.
Competitive Interest Rates
Starting 7.90% p.a.
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Expert Assistance at Every Step
Transfer Balance & Get a Top-Up Easily
Additional Funds when Required
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Competitive Interest Rates
Starting 7.90% p.a.
Handpicked Home Loan Offers
Offers from 25+ Banks & HFCs
Dedicated Customer Support
Expert Assistance at Every Step
Transfer Balance & Get a Top-Up Easily
Additional Funds when Required
Compare & Choose the Best Offer
Curated Offers from Multiple Lenders
Highest Loan Approval Chances
Easy & Transparent Borrowing Process
Get up to ₹5 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Verify using the OTP sent to your mobile number.
Step 3: Enter details related to your loan requirements.
Step 4: Provide your personal and employment details.
Step 5: Compare offers and apply for the best-suited loan.
| Home Loan Schemes | Interest Rate (p.a.) |
|---|---|
| HDFC Bank Home Loan/Home Renovation Loan/Home Extension Loan/Plot Loan/Home Loan Balance Transfer/Home Extension Loan/Home Loan Top-up | 7.90% - 13.20% |
| Rural Housing Loan | 8.40% - 13.20% |
HDFC Bank offers two types of home loan interest rate options:
HDFC home loan interest rates are floating in nature. Hence, they are calculated based on the reducing balance method. In this, the interest is calculated only on the outstanding principal and not the original loan amount. Thus, the principal and interest cost reduces with each payment.
| Name of Lender | Interest Rates |
|---|---|
| Axis Bank | 8.25% p.a. onwards* |
| Bajaj Housing Finance | 7.40% p.a. onwards |
| Bank of India | 7.10% p.a. onwards |
| Canara Bank | 7.15% p.a. onwards |
| Easy Home Finance | 8.99% p.a. onwards |
| Federal Bank | 7.90% p.a. onwards* |
| Godrej Housing Finance | 7.75% p.a. onwards |
| Home First Finance | 8.00% p.a. onwards |
| ICICI Bank | 7.65% p.a. onwards |
| IDBI Bank | 7.35% p.a. onwards |
| IDFC FIRST Bank | 8.85% p.a. onwards |
| India Shelter Home Loan | 8.43% p.a. onwards |
| Jio Housing Finance | 8.20% p.a. onwards |
| Kotak Mahindra Bank | 7.70% p.a. onwards |
| L&T Finance Limited | 8.40% p.a. onwards* |
| Piramal Capital Housing Finance | 8.25% p.a. onwards* |
| PNB Housing Finance | 7.20% p.a. onwards* |
| Punjab & Sind Bank | 7.30% p.a. onwards |
| Punjab National Bank | 7.20% p.a. onwards |
| RBL Bank | 8.20% p.a. onwards |
| Sammaan Capital (Formerly known as Indiabulls Housing Finance) | 8.75% p.a. onwards |
| Shubham Housing Finance | 10.45% p.a. onwards |
| State Bank of India | 7.25% p.a. onwards |
| Tata Capital Housing Finance | 7.75% p.a. onwards |
| Interest Rate (p.a.) | Loan Amount (Rs.) | Loan Tenure (years) | EMI (Rs.) |
|---|---|---|---|
| 7.90% | 10 lakh | 5 | 20,229 |
| 7.90% | 10 lakh | 10 | 12,080 |
| 7.90% | 10 lakh | 15 | 9,499 |
| 7.90% | 10 lakh | 20 | 8,302 |
| 7.90% | 10 lakh | 25 | 7,652 |
| Interest Rate (p.a.) | Loan Amount (Rs.) | Loan Tenure (years) | EMI (Rs.) |
|---|---|---|---|
| 7.90% | 2 lakh | 30 | 1,660 |
| 7.90% | 5 lakh | 30 | 4,151 |
| 7.90% | 10 lakh | 30 | 8,302 |
| 7.90% | 15 lakh | 30 | 12,453 |
| 7.90% | 20 lakh | 30 | 16,605 |
Swipe to see more table data
The below-mentioned points can help you get a lower home loan interest rate from HDFC Bank:
A change in the interest rate directly impacts the home loan EMI and the interest cost. As the RBI sets its repo rate, the lenders offering home loans at floating rates adjust their home loan interest rates. An increase in the repo rate increases the interest rate which in turn increases the EMI and the interest cost, provided the loan amount and tenure remains the same.
Get up to ₹5 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Verify using the OTP sent to your mobile number.
Step 3: Enter details related to your loan requirements.
Step 4: Provide your personal and employment details.
Step 5: Compare offers and apply for the best-suited loan.
HDFC Bank home loan interest rates start from 7.90% p.depending on the credit profile of the applicants.
HDFC Bank has not specified any special rates for its women borrowers. Female borrowers can avail HDFC home loans at the same interest rates as those offered to the regular home loan borrowers.
HDFC Bank changes its home loan interest rates with the change in the external benchmark set by the RBI.
HDFC Bank offers home loans at floating interest rates also known as variable rates that may change during the loan tenure. Fixed rates, on the other hand, remain the same throughout the loan tenure.
You can get the best possible home loan rates by maintaining the credit score at 750 and above. Existing customers of HDFC Bank can check for pre-approved offers and get preferential rates. If you improve your eligibility, you can also negotiate with the current lender.
HDFC Bank has not specified the credit score requirement to avail best home loan rates. However, lenders usually offer lowest interest rates to applicants having a credit score of 750 and above.
Yes, pre-approved home loan offers are available at HDFC Bank.
HDFC Bank charges a processing fee of up to 1.50% of the loan amount or Rs. 5,000, whichever is higher.
No, you can convert your HDFC Home Loan from floating to fixed rates, but you can convert your HDFC Home Loan from fixed to floating rates by paying a nominal fee of up to 1.50% of the outstanding principal.
As RBI cuts the repo rate, the HDFC home loan rates are reduced which inturn reduces the EMI and the overall borrowing cost.
Paisabazaar has partnered with HDFC Bank and offers home loan interest rates starting from 7.90% p.a.
Paisabazaar offers faster approval and quick loan disbursal to its applicants. The loan is usually approved within 24 hours of loan application.
Since checking the home loan interest rate does not involve any hard enquiry, it does not affect the credit score.
HDFC Bank requires the KYC documents, address proof, property documents and income proof of the applicants at the time of loan application.
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