HDFC Home Loan Highlights | |
Interest Rate | 8.65% p.a. onwards |
Loan Amount (LTV Ratio) | Up to 90% of property cost |
Tenure | Up to 30 years |
Processing Fee |
|
Note: Rates as of 31st January 2023

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Table of Contents
HDFC Home Loan Interest Rates
Home Loan/ Home Renovation Loan/ Home Extension Loan/ Balance Transfer/Plot Loan
Special Home Loan Rates
Loan Slab | Interest Rate (p.a.) |
For Credit Scores of 800 and above | 8.65% |
All loan amounts | 8.75%-9.35% |
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Standard Home Loan Interest Rates (Floating)
For Salaried/Self-Employed Professionals
Loan Amount | Interest rates (p.a.) | |
Women | Others | |
Up to Rs. 30 lakh | 8.95%-9.45% | 9.00%-9.50% |
Rs. 30.01 lakh-Rs 75 lakh | 9.20%-9.70% | 9.25%-9.75% |
Rs. 75.01 lakh and above | 9.30%-9.80% | 9.35%-9.85% |
For Self-Employed Non-Professionals
Loan Amount | Interest rates (p.a.) | |
Women | Others | |
Up to Rs. 30 lakh | 9.05%-9.55% | 9.10%-9.60% |
Rs. 30.01 lakh-Rs 75 lakh | 9.30%-9.80% | 9.35%-9.85% |
Rs. 75.01 lakh and above | 9.40%-9.90% | 9.45%-9.95% |
HDFC Top-up Home Loans (Salaried/Self-employed Professionals)
Loan Slab (Outstanding Home Loan +Top-up Loan) | Interest Rates (p.a.) |
Top-up Loan for Existing Customers | 9.35%-9.50% |
For all Loan Amounts | 8.80%-9.05% |
Interest Rates of HDFC Rural Housing Loan
Adjustable (Floating) Interest Rates
Loan Slab | Interest rates (p.a.) | |
Women | Others | |
Up to Rs. 30 lakh | 8.95%-10.35% | 9.00%-10.35% |
Rs. 30.01 lakh-Rs. 75 lakh | 9.20%-10.60% | 9.25%-10.60% |
Rs. 75.01 lakh and above | 9.30%-10.70% | 9.35%-10.70% |
Interest Rates of HDFC Reach Home Loan
For Reach Home Loans, Home Renovation Loan and Home Extension Loan
Trufixed 3 years
Loan Slab | Rate of Interest (p.a.) |
Any loan amount | 10.25%-13.85% |
For Top-up Loans and Residential Plot Loans
Trufixed 3 years
Loan Slab | Rate of Interest (p.a.) |
Any loan amount | 10.75%-14.35% |
Know more about home loan interest rates offered by other lenders
Compare HDFC Home Loan Interest Rates vs Other Lenders
Interest Rates (% p.a.) | |||
Name of Lender | Up to Rs 30 Lakh | Above Rs 30 Lakh & up to Rs 75 Lakh | Above Rs 75 Lakh |
HDFC | 8.65-10.35 | 8.65-10.60 | 8.65-10.70 |
State Bank of India | 8.60-9.50 | 8.60-9.40 | 8.60-9.40 |
ICICI Bank | 8.75-9.85 | 8.75-9.85 | 8.75-9.85 |
Kotak Mahindra Bank | 8.65 onwards | 8.65 onwards | 8.65 onwards |
PNB Housing Finance | 8.75-14.50 | 8.75-13.00 | 8.85-10.85 |
Punjab National Bank | 8.60-9.35 | 8.55-9.25 | 8.55-9.25 |
Bank of Baroda | 8.60-10.35 | 8.60-10.35 | 8.60-10.60 |
Union Bank of India | 8.60 – 10.50 | 8.60 – 10.70 | 8.60 – 10.70 |
IDFC First Bank | 8.75 onwards | 8.75 onwards | 8.75 onwards |
L&T Housing Finance | 8.65-8.75 | 8.65-8.75 | 8.65-8.75 |
Bajaj Housing Finance | 8.75 onwards | 8.75 onwards | 8.70 onwards |
Godrej Housing Finance | 8.39 – 10.99 | 8.39 – 10.99 | 8.39 – 10.99 |
Tata Capital | 8.95 onwards | 8.95 onwards | 8.95 onwards |
LIC Housing Finance | 8.65 – 10.10 | 8.65-10.30 | 8.65-10.50 |
Federal Bank | 8.60-9.95 | 8.60-10.00 | 8.60-10.05 |
Also check:- which bank is best for home loans

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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: (Discounted processing fee of Rs 3,000) |
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 |
Know more about the HDFC Home Loan processing fee
Types of HDFC Home Loan
Housing Loans
Purpose:
HDFC offers regular home loans to its applicants for the following purposes:
- 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 financing construction of home properties on plots 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

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Home Loan Balance Transfer (HLBT)
Purpose: HDFC Home Loan Balance Transfer is offered to existing home loan borrowers for transferring their existing home loans from other banks/HFCs 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

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HDFC Reach Loans
Purpose: Micro-entrepreneurs and salaried individuals with inadequate income documents can avail HDFC Reach Loan for purchasing or constructing home, for purchasing shop/office to run a business and for purchasing of plots.
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

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HDFC Rural Housing Loans
Purpose:
- For agriculturists, dairy farmers, planters and horticulturists can avail HDFC Rural Housing Loans for purchasing 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:
- HDFC Plot Loan is offered for plot purchase through direct allotment
- For purchasing resale plot
- Balance transfer of existing plot loans availed 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

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House Renovation Loans
Purpose: HDFC Home Renovation Loan for home enhancement include tiling, flooring, painting, plasters, etc. of existing home
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

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Home Extension Loans
Purpose: HDFC Home Extension Loan finances expenses related to home extension
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

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Top-up Loans
- Purpose: HDFC home loan top-up is 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
Additionally, HDFC home loan eligibility can also be determined based on other factors including credit score, monthly income and EMI/NMI ratio of its home loan applicants.
Also know the home loan eligibility of top 10 lenders
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 HDFC 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
Click here to more about HDFC Home Loan Documents
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
1. Who can be the co-applicant to HDFC housing loan?
Ans. The co-owners of the property have to be the co-applicants to HDFC housing loan. However, not all co-applicants need to be co-owners. The lender usually allows close family members to be co-applicants.
2. Can I prepay my outstanding home loan amount?
Ans. Yes, you can prepay your home loan amount in part or in full before the actual completion of loan tenure. HDFC does not levy prepayment charges on home loans availed at floating interest rates.
3. Does HDFC provide preferential interest rates for women?
Ans. Yes, HDFC offers interest rate concession of 5 bps to women applicants.
4. Can the income of my spouse be taken into consideration for calculating the home loan amount?
Ans. Yes, the income of your spouse can be taken into consideration while calculating the home loan amount. Adding your spouse’s income can increase your home loan eligibility. Your spouse needs to submit the income documents to HDFC.
5. What is the minimum credit score at which the applicants can avail HDFC Home Loan?
Ans. HDFC has not specified any cut-off credit score for home loan applicants. However, HDFC offers lower interest rates to home loan applicants with credit scores of 750 and above.
6. Can I get approval for home loan while I decide which property should I purchase?
Ans. You can apply for pre-approved home loan facility, an in-principal approval given on the basis of your financial position, creditworthiness and income. Pre-approved home loans are usually offered to borrowers who are yet to identify their property. However, the applicant would have to purchase the property within 6 months from the date of loan sanction.

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