HDFC Home Loan Interest Rate

Home HDFC Bank HDFC Home Loan Interest Rate
loadingGet the Best Home Loan Offer
loading

Home Loan at Lowest Rates

  • HDFC Home Loan @ 8.20% Lowest Rate
  • Get HDFC Housing Loan EMI as low as 759/lakh

Unlock Best Home Loan Offers!

Error: Please select loan amount
Digit Only
Note: It will help you to get best loan offers
Error: Please enter valid Rate of Interest
Digit Only
Note: Income is required to check your loan amount eligibility.
Error: Please valid monthly income
Error: Please select current city
0 / 10 Digits +91
Note: We may verify this number later using OTP.
Error: Please enter valid Mobile Number
0 / 6 Digits
Error: This is mandatory. We need to check availability of service in your area
City: Delhi
Error: Enter a valid Full Name
Error: Enter a valid Email Address
Error: Date of Birth is required
Error: PAN is required

There is some technical issue. Please try again later.

By submitting this form, I agree to Terms of Use

*Offers are from Paisabazaar's partner Banks & NBFCs.

OTP Verification

Verify your mobile

Please enter the OTP we sent via SMS

Didn’t receive your OTP? Send it again
Updated: 06-01-2020 12:51:30 PM

HDFC Bank is a pioneer in the home loan section with over 4.4 million satisfied customers. A HDFC Home Loan offers a number of benefits to the applicants. These include:

  • Attractive HDFC Bank home loan interest rates
  • Flexible tenure (1 – 30 years)
  • Tailored schemes
  • Customized repayment solutions

HDFC Home Loan Interest Rate 2020

Home loan rate of interest by HDFC bank is 8.20% pa onwards.

HDFC home loan rates for Salaried Professional
Loan SlabHome Loan Interest Rates (% p.a.)TruFixed Loan – 2 Year Fixed Rate Variant
For Women* (upto 30 Lakhs)8.20 to 9.059.05 to 9.65
For Others* (upto 30 Lakhs)8.30 to 9.109.20 to 9.80
For Women* (30.01 Lakhs to 75 Lakhs )8.85 to 9.359.35 to 9.85
For Others* (30.01 Lakhs to 75 Lakhs)8.90 to 9.409.40 to 9.90
For Women* ( 75.01 Lakhs & Above)8.90 to 9.409.40 to 9.90
For Others*( 75.01 Lakhs & Above)8.95 to 9.459.45 to 9.95

HDFC Top-UP Loan Rates for Salaried Professional

Loan Slab (Outstanding Home Loan + Top Up Loan)Interest Rates (% p.a.)
Top Up Loan for Existing customers9.10 to 9.60
Loan Slab – New customerInterest Rates (% p.a.)
For Women* (upto 30 Lakhs)8.70 to 9.20
For Others* (upto 30 Lakhs)8.75 to 9.25
For Women* (From 30.01 Lakhs to 50 Lakhs)8.85 to 9.35
For Others* (From 30.01 Lakhs to 50 Lakhs)8.90 to 9.40

Factors Affecting HDFC Housing Loan Rates

  • Income Source: There is, of course, an eligibility criterion where an applicant must show proof of a minimum amount of income. A salaried person is generally considered as having better repayment capability than a self-employed person due to the stability in income. This is one of the factors that can affect the rate of interest on home loans in HDFC Bank.
  • Employment Sector: The terms of a home loan are also affected by the applicant’s sector of employment. Different sectors are categorized under different risk levels. Hence, some sectors are more stable than others. Therefore the sector of employment of the applicant can also affect the proffered rate of interest.
  • CIBIL Score: The credit score of an applicant also affects the rate of interest that the bank offers. A good credit score can mean lower rates of interest. The credit score and the credit history of a person reflect their repayment habits. The offered HDFC housing loan interest rate is of course affected by the CIBIL score that an individual has, as this is the score that helps the bank in classifying the factor of risk in loaning money to an applicant.
  • Down Payment: The Loan to value rate, otherwise known as the LTV, is affected by the down payment that is made on any property. The higher the down payment, the more of the property is directly your own. Banks generally believe that the more of the property an applicant owns, the less likely they will be to default on their loan. This lets them offer better interest rates.
  • Loan Tenure: Opting for shorter loan tenures enables an applicant to avail a better HDFC housing loan interest rate as compared to loans that have a longer repayment period.
  • Relationship with the Bank: The applicant’s dealings with the bank also help in getting a better home loan interest rate.

HDFC Home Loan Repayment Options for Salaried:

Buying an HDFC home loan online enables you to opt from a number of repayment options. These options are designed to let the borrowers customize their repayments, based on their own unique conditions.

  • Step up Repayment Facility (SURF): This scheme is based on the income growth expected for the borrower. In the initial years of the home loan, the borrower can pay substantially lower installments, at the same time availing a high quantum of the loan. Eventually, the repayment will keep increasing in proportion to the growth in the borrower’s income.
  • Tranche Based EMI: In the case where the borrower buys an under-construction property, they will be required to pay the interest amount applicable on the loan till the loan amount is finally disbursed and then pay EMIs for the loan thereafter. With this type of repayment option, customers can immediately start paying back the principal amount.
  • Flexible Loan Installments Plan (FLIP): This type of repayment plan is depends on the borrower’s repayment capacity. This capacity may of course change throughout the loan tenure, so the repayment schedule is configured in a way that the installments are higher during the initial years of the term and later decreases proportionally to the borrower’s income.
  • Accelerated Repayment Scheme: A flexible scheme, under the accelerated repayment, you can increase the EMIs every year, keeping it in proportion to your income growth. This enables you to repay the loan much sooner.
  • Telescopic Repayment Option: The telescopic repayment plan gets the borrower longer repayment tenures of up to 30 years. This means that the EMIs applicable will be much more affordable and the loan eligibility enhanced.

Read Also: Home Loan Prepayment Calculator

Check Top Bank’s Home Loan Rates

Did you find this article helpful? Rate it.

Menu