Compare and Apply for Best Home Loan Offer
| HDFC Home Loan Highlights – Jan 2022 | |
| Interest Rate | 6.70% p.a. onwards |
| Loan Amount (LTV Ratio) | Up to 90% of property cost |
| Tenure | Up to 30 years |
| Processing Fee |
|
Table of Contents
HDFC Home Loan Interest Rates 2022
Home Loan/ Home Renovation Loan/ Home Extension Loan/ Balance Transfer
Special Home Loan Rates for home loan applicants having credit scores of 750 and above
| Salaried & Self-Employed Professionals (for Home Loan/ Home Renovation Loan/ Home Extension Loan/ Balance Transfer) | 6.70% p.a. |
| Self-Employed Non-Professionals (for Home Loan/ Home Renovation Loan/ Home Extension Loan/ Balance Transfer) | 6.70% p.a. |
| Plot Loan | 6.70% p.a. |
Special Home Loan Interest Rates (Floating) for applicants having credit scores of less than 750
Salaried/Self-Employed Professionals
| Loan Slab | Interest rates (p.a.) | |
| Women | Others | |
| Up to Rs. 30 lakh | 6.75%-7.25% | 6.80%-7.30%. |
| Rs. 30.01 lakh-Rs 75 lakh | 7.00%-7.50% | 7.05%-7.55% |
| Rs. 75.01 lakh and above | 7.10%-7.60% | 7.15%-7.65%. |
Self-Employed Non-Professionals
| Loan Slab | Interest rates (p.a.) | |
| Women | Others | |
| Up to Rs. 30 lakh | 6.90%-7.40% | 6.95%-7.45% |
| Rs. 30.01 lakh-Rs 75 lakh | 7.15%-7.65% | 7.20%-7.70% |
| Rs. 75.01 lakh and above | 7.25%-7.75% | 7.30%-7.80% |
Plot Loan
| Loan Slab | Interest rates (p.a.) | |
| Women | Others | |
| Up to Rs. 30 lakh | 6.85%-7.35% | 6.90%-7.40% |
| Rs. 30.01 lakh-Rs 75 lakh | 7.10%-7.60% | 7.15%-7.65% |
| Rs. 75.01 lakh and above | 7.20%-7.70% | 7.25%-7.75% |
Standard Adjustable (Floating) Rates
Salaried/Self-Employed Professionals
| Loan Slab | Interest rates (p.a.) | |
| Women | Others | |
| Up to Rs. 30 lakh | 6.95%-7.45% | 7.00%-7.50% |
| Rs. 30.01 lakh-Rs 75 lakh | 7.20%-7.70% | 7.25%-7.75% |
| Rs. 75.01 lakh and above | 7.30%-7.80% | 7.35%-7.85% |
Self-Employed Non-Professionals
| Loan Slab | Interest rates (p.a.) | |
| Women | Others | |
| Up to Rs. 30 lakh | 7.10%-7.60% | 7.15%-7.65% |
| Rs. 30.01 lakh-Rs 75 lakh | 7.35%-7.85% | 7.40%-7.90% |
| Rs. 75.01 lakh and above | 7.45%-7.95% | 7.50%-8.00% |
TruFixed Loan- 2 Year Fixed Rate Variant for Salaried & Self-Employed Professionals
| Loan Slab | Interest Rate (p.a.) | |
| Women | Others | |
| Up to Rs. 30 lakh | 7.40%-7.90% | 7.45%-7.95% |
| Rs. 30.01 lakh-Rs 75 lakh | 7.55%-8.05% | 7.60%-8.10% |
| Rs. 75.01 lakh and above | 7.65%-8.15% | 7.70%-8.20% |
TruFixed Loan- 2 Year Fixed Rate Variant for Self-Employed Non-Professionals
| Loan Slab | Interest Rates (p.a.) | |
| Women | Others | |
| Up to Rs. 30 lakh | 7.55%-8.05% | 7.60%-8.10% |
| Rs. 30.01 lakh-Rs 75 lakh | 7.70%-8.20% | 7.75%-8.25% |
| Rs. 75.01 lakh and above | 7.80%-8.30% | 7.85%-8.35% |
Interest Rates of HDFC Rural Housing Loan
Adjustable (Floating) interest rates
| Loan Slab | Interest rates (p.a.) | |
| Women | Others | |
| Up to Rs. 30 lakh | 6.95%-8.45% | 7.00%-8.45% |
| Rs. 30.01 lakh-Rs. 75 lakh | 7.20%-8.60% | 7.25%-8.60% |
| Rs. 75.01 lakh and above | 7.30%-8.70% | 7.35%-8.70% |
*Rates w.e.f. July 01, 2020
TruFixed Loan- 2 Year Fixed Rate Variant
| Loan Slab | Interest rates (p.a.) | |
| Women | Others | |
| Up to Rs. 30 lakh | 7.40%-8.50% | 7.45%-8.50% |
| Rs. 30.01 lakh-Rs. 75 lakh | 7.55%-8.65% | 7.60%-8.65% |
| Rs. 75.01 lakh and above | 7.65%-8.75% | 7.70%-8.75% |
*Rates w.e.f. July 01, 2020
HDFC Reach Loans
Trufixed – fixed rates for 3 Years
| Loan Slab | Interest Rates (p.a.) |
| For Reach Home Loans, House Renovation Loan & Home Extension Loan (Any loan amount | 8.75%-14.00% |
| For Top Up Loans & Residential Plot Loans (Any loan amount) | 9.25%-14.50% |
Plot Loan
Standard Adjustable Rates
| Loan Slab | Interest rates (p.a.) | |
| Women | Others | |
| Up to Rs. 30 lakh | 7.05%-7.55% | 7.10%-7.60% |
| Rs. 30.01 lakh-Rs 75 lakh | 7.30%-7.80% | 7.35%-7.85% |
| Rs. 75.01 lakh and above | 7.40%-7.90% | 7.45%-7.95% |
TruFixed Loan- 2 Year Fixed Rate Variant
| Loan Slab | Interest rate (p.a.) | |
| For Women | For Others | |
| Up to Rs. 30 lakh | 7.50%-8.00% | 7.55%-8.05% |
| Rs. 30.01 lakh-Rs. 75 lakh | 7.65%-8.15% | 7.70%-8.20% |
| Rs. 75.01 lakh and above | 7.75%-8.25% | 7.80%-8.30% |
Top Up Loan
Standard Rates for Salaried, Self-Employed Professionals & Self-Employed Non-Professionals
| Loan Type | Interest Rates (p.a.) |
| Top Up Loan for Existing customers | 7.25%-8.25% |
| For Balance Transfer Customers | 6.85%-7.85% |
TruFixed Loan – 2 Year Fixed Rate Variant
| Loan Types | Interest Rates (p.a.) |
| Top Up Loan for Existing Customers | 8.65%-9.15% |
| Top Up Loan for Balance Transfer Customers (Up to Rs. 30 lakh) | 7.65%-8.15% (for women) 7.70%-8.20% (for others) |
| Top Up Loan for Balance Transfer Customers (between Rs. 30.01 lakh and Rs. 50 lakh) | 7.80%-8.30% (for women) 7.85%-8.35% (for others) |
Compare HDFC Home Loan Interest Rates vs Other Lenders
| Interest Rates (% p.a.) | |||
| Name of Lender | Up to 30 Lakh | Above 30 Lakh & up to 75 Lakh | Above 75 Lakh |
| State Bank of India | 6.70-7.65 | 6.70-7.75 | 6.70-7.85 |
| HDFC | 6.70-8.45 | 6.70-8.60 | 6.70-8.70 |
| Axis Bank | 6.75-11.50 | 6.75-11.50 | 6.75-11.50 |
| ICICI Bank | 6.70-7.55 | 6.70-7.55 | 6.70-7.55 |
| Kotak Mahindra Bank | 6.55 onwards | 6.55 onwards | 6.55 onwards |
| PNB Housing Finance | 6.99-12 | 6.99-12 | 7.15-12 |
| Punjab National Bank | 6.55-7.95 | 6.50-7.65 | 6.50-7.60 |
| Bank of Baroda | 6.50-8 | 6.50-8 | 6.50-8.25 |
| Union Bank of India | 6.40-7.60 | 6.40-7.65 | 6.40-7.65 |
| IDFC First Bank | 6.90 onwards | 6.90 onwards | 6.90 onwards |
| L&T Housing Finance | 6.75 – 7.75 | 6.75 – 7.75 | 6.75 – 7.75 |
| Bajaj Finserv | 6.65 – 14 | 6.65 – 14 | 6.65 – 14 |
| Godrej Housing Finance | 6.59 onwards | 6.59 onwards | 6.59 onwards |
| Tata Capital | 6.70 onwards | 6.70 onwards | 6.70 onwards |
| LIC Housing Finance | 6.75 – 7.85 | 6.70 – 8.05 | 6.70 – 8.05 |
Check:- Housing Loan Interest Rates of other Banks and HFCs
HDFC Home Loan Processing Fee & Charges
| Processing Fees | For Salaried/Self-employed Professionals: Up to 0.50% of loan amount or Rs 3,000, whichever is higher For Self-employed Non-Professionals: Up to 1.50% of loan amount or Rs 4,500, whichever is higher For HDFC Reach Loan: |
| Check Dishonour Charges | Rs 300 |
| List Of Documents | Up to Rs 500 |
| Photo Copy Of Documents | Up to Rs 500 |
| PDC Swap | Up to Rs 500 |
| Disbursement Cheque Cancellation Charge Post Disbursement | Up to Rs 500 |
| Re-Appraisal Of Loan After 6 Months From Sanction | Up to Rs 2,000 plus applicable taxes |
| Reversal of Provisional Prepayment under HDFC Maxvantage Scheme | Rs.250 |
| Prepayment Charges | Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest- NIL Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest- 2% + taxes |
Check the complete list of HDFC home loan fees and other charges, Click here
Types of HDFC Home Loan
Home Loans
Purpose:
- For purchase of flat, bungalow, row house in approved projects from private developers
- For purchase of properties from Development Authorities such as MHADA, DDA, etc.
- For property purchase in Co-operative Housing Societies or Apartment Owners’ Association or Development Authorities Settlement or private homes
- For construction on plot allotted by the Development Authority or a freehold/lease hold plot
Loan Amount (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 |
Tenure:
- For Telescopic Repayment Option under Adjustable Rate Home Loan- Up to 30 years
- For all other home loans- Up to 20 years
Processing Fee:
- For Salaried/Self-employed Professionals: Up to 0.50% of loan amount or Rs 3,000, whichever is higher
- For Self-employed Non-Professionals: Up to 1.50% of loan amount or Rs 4,500, whichever is higher
Home Loan Balance Transfer (HLBT)
Purpose: For transfer of existing home loans from other banks/NBFCs to HDFC at lower interest rates
Loan Amount (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 |
Tenure:
- For Telescopic Repayment Option under Adjustable Rate Home Loan- Up to 30 years
- For all other home loans- Up to 20 years
Processing Fee:
- For Salaried/Self-employed Professionals: Up to 0.50% of loan amount or Rs 3,000, whichever is higher
- For Agriculturists/Self-employed Non-Professionals: Up to 1.50% of loan amount or Rs 4,500, whichever is higher
HDFC Reach Loans
Purpose: For micro entrepreneurs and salaried individuals with no sufficient income documents, for purchase/construction of home, purchase of a plot of land, purchase of shop/office to run a business
Loan Amount (LTV Ratio):
| Home Loans/Home Extension/Home Improvement/Top-up Loans | Up to 80% of property cost |
| Non-Residential Premises Loans/Plot Loans | Up to 60% of property cost |
| Loan Against Property | Up to 50% of property cost |
Tenure:
- For Home Loan/Home Extension/Refinance- Up to 30 years
- For Home Improvement/Plot Loans/Non-Residential Premises Loan/Loan Against Property/Top-up Loan- Up to 15 years
Processing Fee:
For Salaried/Self-employed: Up to 2% of loan amount + taxes
Rural Housing Loans
Purpose:
- For agriculturists,dairy farmers, planters, horticulturists for purchase of an under construction, new or existing residential property in rural and urban areas
- For home construction on freehold/lease hold plot in urban and rural areas
- For home enhancement such as flooring, tiling, painting, internal and external plaster, etc.
- For addition in existing house
Loan Amount (LTV Ratio)
| Up to and including Rs 30 lakh | Up to 80% 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 |
Tenure:
- For Telescopic Repayment Option under Adjustable Rate Home Loan- Up to 30 years
- For all other home loans- Up to 20 years
Processing Fee:
- For Salaried/Self-employed Professionals: Up to 0.50% of loan amount or Rs 3,000, whichever is higher
- For Agriculturists/Self-employed Non-Professionals: Up to 1.50% of loan amount or Rs 4,500, whichever is higher
Plot Loans
Purpose:
- For purchase of plot through direct allotment
- For purchasing resale plot
- Balance transfer of existing home loan from other banks/NBFCs to HDFC at lower interest rates
Loan Amount (LTV Ratio):
| Up to and including Rs 30 lakh | Up to 80% 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 |
Tenure: Up to 15 years
Processing Fee:
- For Salaried/Self-employed Professionals: Up to 0.50% of loan amount or Rs 3,000, whichever is higher
- For Self-employed Non-Professionals: Up to 1.50% of loan amount or Rs 4,500, whichever is higher
House Renovation Loans
Purpose: For home enhancement including tiling, flooring, painting, plasters, etc.
Loan Amount (LTV Ratio):
For Existing Customer:
| Up to and including Rs 30 lakh | 100% of renovation cost |
| Rs 30.01 lakh-Rs 75 lakh | 100% of renovation cost |
| Above Rs 75 lakh | 100% of renovation cost |
For New Customer:
| Up to and including Rs 30 lakh | 90% of renovation cost |
| Rs 30.01 lakh-Rs 75 lakh | 80% of renovation cost |
| Above Rs 75 lakh | 75% of renovation cost |
Tenure: Up to 15 years
Processing Fee:
- For Salaried/Self-employed Professionals: Up to 0.50% of loan amount or Rs 3,000, whichever is higher
- For Self-employed Non-Professionals: Up to 1.50% of loan amount or Rs 4,500, whichever is higher
Home Extension Loans
Purpose: To add space or extend your existing home
Loan Amount (LTV Ratio):
| Up to and including Rs 30 lakh | 90% of renovation cost |
| Rs 30.01 lakh-Rs 75 lakh | 80% of renovation cost |
| Above Rs 75 lakh | 75% of renovation cost |
Tenure: Up to 20 years
Processing Fee:
- For Salaried/Self-employed Professionals: Up to 0.50% of loan amount or Rs 3,000, whichever is higher
- For Self-employed Non-Professionals: Up to 1.50% of loan amount or Rs 4,500, whichever is higher
Top-up Loans
- Purpose: An additional loan provided on the existing home loan to meet the personal and professional requirements of the borrower
- Loan Amount: Up to Rs 50 lakh
- LTV ratio:
| Up to Rs 75 lakh | Up to 80% |
| Above Rs 75 lakh | Up to 75% |
- Tenure: Up to 15 years
Processing Fee:
- For Salaried/Self-employed Professionals: Up to 0.50% of loan amount or Rs 3,000, whichever is higher
- For Self-employed Non-Professionals: Up to 1.50% of loan amount or Rs 4,500, whichever is higher
Pradhan Mantri Awas Yojna (PMAY)
Purpose: For purchase/construction/improvement/extension of house for Economically Weaker Sections, Low Income Groups and Middle Income Groups of the society with maximum interest subsidy of up to Rs 2.67 lakh
Household Income:
- EWS and LIG- Up to Rs 6 lakh
- MIG 1- Above Rs 6 lakh- Rs 12 lakh
- MIG 2- Above Rs 12 lakh- Rs 18 lakh
Interest Subsidy:
- EWS and LIG- 6.5%
- MIG 1- 4.00%
- MIG 2- 3.00%
Loan Amount: No cap on the loan amount
Eligibility Criteria for HDFC Home Loan
- Age- 21-65 years
- Profession– Salaried/Self-employed Professionals (Doctors, Lawyers, Engineers, CA, architect, consultant, CS) and SElf-employed Non-Professionals (Commission agent, contractor, trader)
- Nationality– Indian Resident
- Genders– All
Documents Required for HDFC Home Loan
For Salaried Applicants
ID Proof- PAN Card, Passport, Voter ID, Driving License
Income Proof-
For Salaried:
- Salary slips for last 3 months
- ITR and Form 16
- Bank account statement for past 6 months showing salary credit
For Self-Employed:
- ITR with income computation for past 3 assessment years of both individual and business entity (duly attested by a CA)
- Current account statement of business entity for past 6 months and savings account statement of the individuals of both individual and business entity (duly attested by a CA)
- Balance sheet and profit and loss account statement for last 3 years, with schedules and annexures
Property Related Documents
For New Home-
- Allotment letter copy/Buyer agreement
- Payment receipt made to the developer
For Resale Home-
- Title deeds including previous chain of property documents
- Agreement to sell copy
- Initial payment receipt made to the seller
For Construction-
- Title deed of plot
- Copy of the plan approved by Local Authorities
- No encumbrance proof on the property
- The total estimate of construction by a Civil Engineer/Architect
Other Documents
For Salaried Applicants:
- Proof of own contribution
- Bank Statement for last 6 months with loan repayment record
- Appointment letter/Employment contract if current employment is less than an year old
- Passport sized photograph with signatures across
- Processing fee cheque in favour of HDFC Ltd.
For Self-Employed Applicants:
- Business profile
- Form 26AS
- Memorandum and Articles of Association of the Company
- List of shareholders and directors with the individual certified by a CA/CS in case business entity is a company
- Own contribution proof
- Details of current loans of the individual and business entity including installments, outstanding amount, purpose, security, balance loan term, etc.
- Processing fee cheque favouring HDFC Ltd.
- Passport size photographs with signatures across
Additional Documents for Rural Housing Loan
Income Proof:
- Bank Statement for past 6 months
- Copy of Title Documents of Agricultural Land depicting land holding
- Copy of Title Documents of Agricultural Land depicting crops being cultivated
Other Documents:
- Bank statement for last 6 months showing loan repayment record
- Passport size photographs signed across
- Own contribution proof
- Processing fee cheque in favour of HDFC Ltd.
- Statement of past 2 years of loans availed
Documents for Home Loan Balance Transfer
- A letter from the existing lender on his letter head mentioning the list of property documents held by them
- Photo copy of property documents
A letter from the existing financial institution on their letter head showing latest outstanding balance
HDFC Home Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
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FAQs
Q. How can I repay my HDFC home loan?
A. Different payment modes through which you can repay your HDFC home loan are:
- Issuing Standing Instructions (SI) to your bank to pay the loan installments through ECS (Electronic Clearing System)
- Opting for direct deduction of monthly installments by your employer
- Issuing post-dated cheques from your salary account
Q. How can I repay my HDFC home loan online?
A. You do not need to pay your HDFC home loan EMI online as by issuing the Standard Instructions (SI) to your bank the installments will be timely deducted from your bank account through ECS (Electronic Clearing System).
Q. Can I close my HDFC home loan online?
A. Yes, you can close your HDFC home loan online. Whenever you plan to close your HDFC home loan account, get in touch with your loan officer and the person will help you with the process.
Q. Can we do prepayment in HDFC home loan?
A. Yes, you can prepay your HDFC home loan after paying 12 months of your home loan EMIs. To accelerate your loan repayment, HDFC also offers a free-of-charge facility known as the ‘Accelerated Repayment Scheme’. This option gives you the flexibility to increase EMIs every year in proportion to the increase in your income, thereby helping you repay your loan fast.
Q. Is HDFC home loan processing fee refundable?
A. HDFC processing fee is non-refundable even if the housing loan is not sanctioned/disbursed.
Q. When can I apply for an HDFC top-up loan?
A. A year after the disbursement of the existing loan and the possession or completion of the financed property, you can apply for HDFC top-up loan. If the top-up loan is refinanced from another institution, then HDFC will check the repayment track of it for the last 12 months.
Q. How much home loan can I get on my salary?
A. The loan amount that a customer can get on his/her salary depends on their repayment capacity, which is determined by age, number of dependants, education qualification, current liabilities, credit history, etc.
Q. Who provides home loans – HDFC Bank or HDFC Ltd.?
A. Both HDFC Bank and HDFC Ltd. are part of the HDFC Group but are different entities. HDFC Ltd. is a leading provider of Housing Finance. But HDFC Bank takes care of all banking operations and financial products. It offers home loans on behalf of HDFC Ltd. There are no preferential home loan interest rates or terms offered by either of the two. So customers can approach any one of the lending institutions to avail themselves of a home loan.
Q. How should I contact HDFC for queries and assistance?
For queries related to HDFC home loans or in case of any general enquiries, get in touch with HDFC Home Loan Customer Care in the following ways:
- Give a missed call at +91-9289200017
- Send an SMS HDFCHOME to 56767
- Write to HDFC on its official website
