| Special Housing Loan Rates for Salaried & Self-Employed (Professionals & Non-Professionals) | |
|---|---|
| For All Home Loans | Policy Repo Rate + 2.50% to 7.95%= 8% to 13.45% |
| Particulars | Details |
|---|---|
| HDFC Home Loan Special Rates by Paisabazaar | 7.45% Onwards |
| Floating (Repo-linked) Rate | 8.00% – 13.45% p.a. |
| Formula | Policy Repo Rate + 2.50% to 7.95% |
| Fixed Rate | 8.50% p.a. (credit score 800+) |
| Rates Actually Offered (FY27 Q1) | 7.10% – 12%, average 7.35% (before the Oct 2026 hike) |
| Previous Starting Rate | 7.75% (before RBI's repo hike on 7 Oct 2026) |
| Prepayment Charges | Nil on floating rate; 2% on fixed rate (nil from own funds) |
Rates as on 12 November 2026
Card Rate vs Rate Actually Offered - Why You See 7.20% and 8%
You may see different "starting" HDFC home loan rates in different places:
| Figure | What it means |
|---|---|
| 8.00% – 13.45% | HDFC's published card rate: repo 5.50% + spread. This is the official range |
| 7.10% – 12% (average 7.35%) | Rates HDFC actually sanctioned in Q1 FY27 (April–June 2026), as disclosed by the bank. Strong profiles and special offers can get rates below the card floor. These figures are from before the October 2026 hike |
| 7.20% | A promotional "starting" headline on one of HDFC's rate pages. It applies only to select profiles or offers |
| 7.75% | HDFC's card floor before RBI's repo hike of 7 Oct 2026 (repo 5.25% + 2.50%) |
Applicants should expect an HDFC home loan interest rate of 8% or higher. You may get a lower rate if you have an excellent credit score or qualify for a special offer. Comparing home loan rates on Paisabazaar Marketplace can help you estimate the rate HDFC may offer you.
HDFC Fixed vs Floating Home Loan Interest Rate
| Feature | Floating (repo-linked) | Fixed |
|---|---|---|
| Rate today | 8.00% – 13.45% | 8.50% (credit score 800+) |
| Changes with the RBI repo rate | Yes, at each reset | No |
| Prepayment/foreclosure | Nil for individuals | 2% + taxes (nil if prepaid from your own funds) |
| Best for | Most borrowers, and anyone planning to prepay | Borrowers who want EMI certainty and expect rates to rise |
Choose a floating rate if you want a lower interest rate and want to repay early without extra charges. Choose a fixed rate if you prefer stable EMIs and don't want your interest rate to increase. However, it may cost slightly more over the loan tenure.
How HDFC Home Loan Interest Rate Is Calculated - Repo Rate + Spread
RBI Policy Repo Rate + HDFC’s Spread.
Repo Rate: RBI hiked the repo rate by 0.25% to 5.50% on October 7th 2026.
Spread: HDFC determines this while sanctioning your loan, and it ranges from 2.50% - 7.95%. Factors affecting this are loan amount, employment status, credit score, income, and the property itself. Once sanctioned, this spread will likely remain the same.
Reset Period: Loans may have interest rate resets, typically every 3 months for a floating-rate loan. When RBI repo rates change, so do your loan’s reset interest rates.
Older HDFC Loans (RPLR): HDFC home loans taken before July 1, 2023, might still be using the older HDFC Retail Prime Lending Rate (RPLR) instead of the new Repo-Linked Lending Rate. If you happen to have one of these, double-check your current interest rate. HDFC might allow you to switch over to the newer, lower rate linked to the Repo Rate.
What the October 2026 Repo Hike Means for HDFC Borrowers
RBI raised the repo rate by 0.25% on 7 October 2026, so HDFC's card floor moved from 7.75% to 8.00%. With 20 years remaining:
| Outstanding loan | EMI at 7.75% | EMI at 8.00% | Additional cost over 20 years |
|---|---|---|---|
| Rs. 30 lakh | Rs. 24,628 | Rs. 25,093 | Rs. 1,11,600 |
| Rs. 50 lakh | Rs. 41,047 | Rs. 41,822 | Rs. 1,86,000 |
| Rs. 80 lakh | Rs. 65,676 | Rs. 66,915 | Rs. 2,97,360 |
| Rs. 1 crore | Rs. 82,094 | Rs. 83,644 | Rs. 3,72,000 |
Raise the EMI or extend the tenure?
| Option (Rs. 50 lakh, 20 yrs left, 7.75% → 8.00%) | Extra interest over the loan |
|---|---|
| Pay Rs. 775 more per month, same tenure | ~Rs. 1.9 lakh |
| Keep the EMI, tenure extends by ~12 months | ~Rs. 4.8 lakh |
HDFC MCLR changes (for example, the 5–15 bps cut on 7 Oct 2026) do not affect repo-linked home loans.
HDFC Home Loan Interest Rate by Credit Score & Profile
HDFC does not publish a rate table by credit score. Its spread (2.50% to 7.95%) depends mainly on:
| Factor | Effect on your rate |
|---|---|
| Credit score | Credit score is one of the biggest factor that can affect rate of interest. The higher the credit score is, the less the spread will be. |
| Employment category | Salaried and self-employed professionals might get a lower interest rate than self-employed non-professionals |
| Loan amount and LTV | Lower LTV can impact the pricing |
| Income and existing EMIs | A high income and lower FOIR strengthen your profile |
| Property | Approved projects and clear titles help |
HDFC Home Loan Interest Rate for Women
HDFC Bank may ask the borrower for a woman co-owner of the property, as women co-applicants and co-owners might get a concession, which is decided at the time of loan sanction.
HDFC Home Loan EMI at Current Interest Rates
Current HDFC home loan interest rates and EMI are mentioned below:
| Loan amount | 10 years | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|---|
| Rs. 10 lakh | Rs. 12,133 | Rs. 9,557 | Rs. 8,364 | Rs. 7,718 | Rs. 7,338 |
| Rs. 20 lakh | Rs. 24,266 | Rs. 19,113 | Rs. 16,729 | Rs. 15,436 | Rs. 14,675 |
| Rs. 30 lakh | Rs. 36,398 | Rs. 28,670 | Rs. 25,093 | Rs. 23,155 | Rs. 22,013 |
| Rs. 50 lakh | Rs. 60,664 | Rs. 47,783 | Rs. 41,822 | Rs. 38,591 | Rs. 36,688 |
| Rs. 75 lakh | Rs. 90,996 | Rs. 71,674 | Rs. 62,733 | Rs. 57,886 | Rs. 55,032 |
| Rs. 1 crore | Rs. 1,21,328 | Rs. 95,565 | Rs. 83,644 | Rs. 77,182 | Rs. 73,376 |
HDFC vs SBI vs Other Banks - Home Loan Interest Rates
| Lender | Home loan interest rate (p.a.) |
|---|---|
| HDFC Bank | 8.00% – 13.45% (fixed 8.50%) |
| SBI | 7.50-8.80 |
| Bank of Baroda | 7.40-9.15 |
| Axis Bank | 8.00-12.25 |
| ICICI Bank | 8.75 onwards |
| Kotak Mahindra Bank | 7.60 onwards |
How to Get the Lowest HDFC Home Loan Interest Rate
- Try to maintain a high credit score of 760+. This can help you get the lowest spread and unlock the fixed-rate options.
- Try to apply for the home loan as a salaried borrowers or a self employed professionals or add co-applicants with better profiles for lower rates.
- Add a woman co-owner/co-borrower of the property to get a concession.
- Lower LTV ratio (loan-to-value Ratio) with a larger down payment.
- To lower your FOIR, first clear smaller debts.
- Search for promotional offers. Some banks, such as HDFC, will grant loans below their usual base rate (their average FY27 Q1 rate was 7.35%).
- Before signing an offer, make a comparison with competing institutions' rates on Paisabazaar.
