HDFC Home Loan

Home Home Loan HDFC Home Loan
loadingApply for Home Loan @ 7.95%*
loading

HDFC Home Loan @ Lowest Rates

  • Interest Rate: 8.00% Onwards 
  • Loan Tenure: Upto 30 years
  • Loan Amount: Upto 10 Cr. 

Apply for Home Loan Starting From 7.95%*

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

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :28/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :28/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 28/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :28/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 28/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :28/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :28/01/2020

More

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: 10-01-2020 12:23:34 PM

HDFC home loan interest rate starts from 8.00% p.a. with loan tenure stretching up to 30 years. Customers can apply for HDFC housing loans for buying a new flat, ready to move-in house, or plot from MHADA, DDA, etc. The loan can also be availed for home construction, home extension and home renovation. HDFC Bank offers affordable housing loans on behalf of HDFC Ltd. (Housing Finance Company of HDFC Group) to salaried and self-employed individuals. The financial institution also offers interest rate concession of 0.05% to all eligible women home loan borrowers.

HDFC Home Loan Details
Interest Rate8.00% onwards
Loan-to-Value RatioUp to 90% of property value
Loan TenureUp to 30 years
Processing Charges0.5% – 1.5% of loan amount + GST

Note: The figures given in the table are indicative and are subject to change as per changes in HDFC Ltd.’s home loan schemes or RBI policy. 

Read Also: Home Loan Benefits for Women Borrowers

Features & Benefits of HDFC Home Loan
HDFC Home Loan Interest Rates
HDFC Home Loan Fees & Charges
HDFC Home Loan EMI Calculator
HDFC Home Loan Eligibility Criteria
HDFC Home Loan Documents
HDFC Home Loan Schemes
HDFC Home Loans
HDFC Reach Loans
HDFC Plot Loans
HDFC Rural Housing Loans
HDFC Home Improvement Loans
HDFC Home Extension Loans
HDFC Top Up Loans
HDFC Balance Transfer
HDFC Home Loan for NRI/PIO
Pradhan Mantri Awas Yojna (PMAY) - Credit Linked Subsidy Scheme (CLSS)
How to Apply for HDFC Home Loan Online
HDFC Home Loan Customer Care
HDFC Home Loan FAQs
HDFC Home Loan News

Features & Benefits of HDFC Home Loan

  • Attractive home loan interest rates starting from 8.00% p.a.
  • Longer loan tenure extending up to 30 years
  • Interest rate concession to women borrowers
  • Different home loan schemes to suit customers’ loan requirements
  • Multiple loan repayment options to suit customers’ needs
  • Easy and quick home loan documentation process
  • Offers HDFC Home Loan EMI Calculator to help customers know their EMIs for different types of home loans. This helps them to plan their finances

Read Also: Home Loan Tax Benefit

HDFC Home Loan Interest Rates

HDFC Home Loan interest rate is linked to Retail Prime Lending Rate (RPLR), which currently stands at 16.65%. Change in the RPLR will affect the HDFC home loan rates. The current HDFC housing loan interest rate starts from 8.00%. The applicable RPLR linked HDFC home loan interest rates of other HDFC Home Loan Schemes are:

HDFC Home Loan SchemesInterest Rate For WomenInterest Rate for Others
HDFC Home Loan8.00% – 8.80%8.00% – 8.80%
HDFC Reach Loan9.25% – 14.25%9.25% – 14.25%
Plot Loan8.15% – 9.00%8.20% – 9.05%
Rural Housing Loan8.05% – 9.60%8.10% – 9.60%
Home Improvement Loan8.00% – 8.80%8.00% – 8.80%
Home Extension Loan8.00% – 8.80%8.00% – 8.80%
Top Up Loan8.00% onwards8.00% onwards


Home loan eligibility banner

HDFC Home Loan Fees & Charges

ParticularsCharges
Processing feesSalaried Individuals: 0.50% of loan amount or Rs. 3,000, whichever is higher
Self Employed Professionals: 0.50% of loan amount or Rs. 3,000, whichever is higher
Self Employed Non Professionals: Up to 1.50% of loan amount or Rs. 4,500, whichever is higher
Prepayment chargesNo prepayment charges for floating rates
Check dishonour chargesRs. 200
List of documentsUp to Rs. 500
Photocopy Of documentsUp to Rs. 500
PDC SwapUp to Rs. 200
Disbursement cheque cancellation charges post disbursementUp to Rs. 200
Re-appraisal of loan post 6 months from sanctionUp to Rs. 2,000
Increase/Decrease in loan termUp to Rs. 500

Note: The figures given in the table are indicative and are subject to change without prior information. GST might be applicable on some of the above charges.

HDFC Home Loan EMI Calculator

Home loan is a long-term commitment as its repayment tenure usually stretches for up to 30 years. To make sure the loan is repaid on time, you must carefully plan your finances in advance. To know the approximate value of the monthly instalments to be repaid towards your HDFC home loan, you can use HDFC Home Loan EMI Calculator, an online tool. The calculator can also be used on Paisabazaar.com to plan your monthly budget well in advance. It is easy to use and provides quick results. The steps to use the Home Loan Calculator are:

  • Visit the Home Loan EMI Calculator page
  • Provide the following HDFC home loan details:
    • Loan Amount: Enter the amount that you want to borrow from the lender
    • Rate of Interest: Enter the home loan interest rate at which the lender is providing the home loan
    • Loan Tenure: Enter the period till when you wish to repay the borrowed amount

The calculator shows the instalment amount as soon as you enter the required details.

HDFC Housing Loan EMI depends on loan amount, loan tenure and interest rate. The table below shows how home loan EMIs changes with changing loan amount and loan tenure at constant 8.25% p.a. home loan interest rate:

Loan AmountEMIs as per Different Loan Tenures
15 years20 years30 years
Rs. 25 lakhRs. 24,254Rs. 21,302Rs. 18,782
Rs. 50 lakhRs. 48,507Rs. 42,603Rs. 37,563
Rs. 75 lakhRs. 72,761Rs. 63,905Rs. 56,345
Rs. 1 croreRs. 97,014Rs. 85,207Rs. 75,127

In the table above, one can notice that home loan EMIs decrease as the loan tenure increases. while choosing longer tenure reduces your monthly liability but it also increases your total interest payout. Hence choose your home loan tenure wisely.

HDFC Home Loan Eligibility Criteria

Eligibility Criteria for Primary Applicants

  • Must be a resident of India
  • Must be between 18 and 65 years
  • Can be salaried or self-employed

Eligibility Criteria for Co-applicants

  • Co-applicants are family members
  • All co-applicants need not be co-owners of the property

Eligibility Criteria for Self-employed Professionals

  • Self employed professionals, such as doctors, lawyers, CAs, architects, consultants, engineers and company secretaries can also apply for the loan

Eligibility Criteria for Self-employed Non-professionals

  • Self-employed non-professionals, such as traders, commission agents and contractors can apply for the loan

To know whether you qualify for HDFC home loan, use HDFC Home Loan Eligibility Calculator. It is an online tool to know the loan amount you are eligible to borrow. The calculation is done on the basis of a few basic details like gross monthly income, loan tenure, loan interest rate and on-going loan payments.

HDFC Home Loan Documents

Following is the list of HDFC home loan documents to be submitted by all applicants/co-applicants:

List of HDFC Home Loan Documents for Salaried IndividualsList of HDFC Home Loan Documents for Self Employed Individuals
  • Duly filled and signed HDFC Home Loan Application Form.
  • KYC Documents – A copy of Proof of Identity and Proof of Residence such as Aadhaar, PAN, Passport, Voter ID, Driving License, etc.
  • Proof of income – A copy of the following documents:
    • Last 3 months’ Salary Slips
    • Last 6 months’ Bank Statements, showing salary credits
    • Latest Form-16 and IT returns
  • Property related documents – A copy of the following documents:
    • For New Homes:
      • A copy of the Allotment Letter / Buyer Agreement
      • Receipt/(s) of payment/(s) made to the developer
    • For Resale Homes:
      • Title Deeds including the previous chain of the property documents
      • Receipt/(s) of initial payment/(s) made to the seller
      • A copy of the agreement to sell (if already executed)
    • For Construction:
      • Title Deeds of the Plot
      • Proof of no encumbrances on the property
      • A copy of the plans, approved by the Local Authorities
      • Construction estimate by an Architect / Civil engineer
    • Other related documents – A copy or original of the following documents:
      • Own Contribution Proof
      • Employment Contract/Appointment Letter if the current employment is less than a year old
      • Last 6 months’ Bank Statements showing the repayment of current financial liabilities
      • Passport size photo of the applicant and co-applicant (if any) affixed on the HDFC home loan application form and signed by the applicant across.
      • Cheque to pay processing fee favouring HDFC Ltd.
  • Duly filled and signed HDFC Home Loan Application Form.
  • KYC Documents – A copy of Proof of Identity and Proof of Residence such as Aadhaar, PAN, Passport, Voter ID, Driving License, etc.
  • Proof of income – A copy of the following documents:
    • CA-attested Income Tax Returns (ITR) along with the calculation of income for the last 3 Assessment Years.
    • CA-attested Balance Sheet and Profit & Loss Account Statements of the last 3 years along with Annexures / Schedules.
    • Last 6 months’ Current Account Statements of the business entity and Savings Account Statements of the individual
  • Property related documents – A copy of the following documents:
  • For New Homes:
    • A copy of the Allotment Letter / Buyer Agreement
    • Receipt/(s) of payment/(s) made to the developer
  • For Resale Homes:
    • Title Deeds including the previous chain of the property documents
    • Receipt/(s) of initial payment/(s) made to the seller
    • A copy of the agreement to sell (if already executed)
  • For Construction:
    • Title Deeds of the Plot
    • Proof of no encumbrances on the property
    • A copy of the plans, approved by the Local Authorities
    • Construction estimate by an Architect / Civil engineer
  • Other related documents – A copy or original of the following documents:
    • Own Contribution Proof
    • Business Profile
    • Latest Form 26 AS
    • List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company
    • Memorandum and Articles of Association of the Company
    • Partnership deed if the business is in partnership
    • Details of current loans of the individual and/or the business entity
    • Passport size photo of the applicant and co-applicant (if any) affixed on the HDFC home loan application form and signed by the applicant across
    • Cheque to pay processing fee favouring HDFC Ltd.

Note: All documents must be self-attested. Besides, the list of documents mentioned above the lender may ask for more or less.

HDFC Home Loan Schemes

Not all home loan requirements are the same. HDFC Ltd. offers customised home loan products to suit the home loan needs of different customers. Some of them are discussed briefly as follows:

Home LoansHDFC Reach LoansPlot Loans
Rural Housing LoansHome Improvement LoansHome Extension Loans
Top Up LoansBalance TransferLoans for NRI/PIO
Pradhan Mantri Awas Yojana/CLSS

HDFC Home Loans

HDFC Home Loan is for individuals who need funds to buy a house or a plot to construct a house.

Eligible ProfilesSalaried and Self Employed Individuals
Loan AmountUpto 90% of the property value
Interest Rate8.00% onwards
Loan TenureUpto 30 years
Processing FeeUpto 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST

Back to Home Loan Schemes

Also Read: Will Reduction in Repo Rate Lower Your Home Loan EMIs?

HDFC Reach Loans

HDFC Reach Loan is a customised loan product for salaried and self-employed individuals having a minimum income of Rs. 10,000 p.m. and Rs. 2 lakh p.a, respectively. The loan can be used to buy a new or existing home or a plot. It can also be used for renovation, extension or construction of both residential and non-residential premises.

Eligible ProfilesSalaried and Self Employed Individuals
Loan AmountUpto 80% of the property value
Interest Rate9.25% onwards
Loan TenureUpto 30 years
Processing FeeUpto 2% of the loan amount + GST

Back to Home Loan Schemes

Know More

HDFC Plot Loans

Owning a plot gives you the freedom to build your home as per your desire. HDFC Plot Loan helps in buying a plot in resale or through a direct allotment.

Eligible ProfilesSalaried and Self Employed Individuals
Loan AmountUp to 80% of the property value
Interest RateWomen: 8.15% onwards
Others: 8.20% onwards
Loan TenureUp to 15 years
Processing FeeUp to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST

Back to Home Loan Schemes

Know More

HDFC Rural Housing Loans

HDFC Rural Housing Loan is especially designed to help agriculturists, planters, horticulturists, dairy farmers in buying an under construction or a new or an existing residential property in rural and urban areas. Even salaried/self-employed professionals can apply for it.

Eligible ProfilesSalaried and Self Employed Individuals
Loan AmountUp to 90% of the property value
Interest RateWomen: 8.05% onwards
Others: 8.10% onwards
Loan TenureUpto 30 years
Processing FeeSalaried/Self employed: Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST
Agriculturists/ Self-Employed Non-Professionals:  Up to 1.50% of the loan amount or Rs. 4,500 (whichever is higher) + GST

Back to Home Loan Schemes

Know More

HDFC Home Improvement Loans

HDFC Home Improvement Loans help customers give their home a desired makeover to their homes without worrying about the shortage of funds.

Eligible ProfilesSalaried and Self Employed Individuals
Loan Amount*New customers: Up to 90% of the improvement estimate
Existing customers: Up to 100% of the improvement estimate
Interest Rate8.00% onwards
Loan TenureUp to 15 years
Processing FeeUp to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST

*For existing customers, the maximum funding is subject to loan/total exposure, not more than 90% of the property value as assessed by HDFC.

Back to Home Loan Schemes

Know More

HDFC Home Extension Loans

HDFC Extension Loan is appropriate for people who wish to extend or add additional space to their homes. The loan scheme is available for both new and existing customers.

Eligible ProfilesSalaried and Self Employed Individuals
Loan AmountUp to 90% of the improvement estimate
Interest Rate8.00% onwards
Loan TenureUp to 20 years
Processing FeeUp to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST

Back to Home Loan Schemes

Know More

HDFC Top Up Loans

HDFC Top Up Loan is available over and above your existing home loan. The scheme helps in getting extra funds which can be used for various personal and business purposes. Existing customers as well as new customers, availing HDFC Home Loan Balance Transfer facility can also apply for the loan.

Eligible ProfilesSalaried and Self Employed Individuals
Loan AmountUp to 90% of the property value
Interest RateExisting Customers: 8.70% onwards
New Customers: 8.00% onwards
Loan TenureUp to 15 years
Processing FeeUp to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST

Back to Home Loan Schemes

Know More

HDFC Balance Transfer

Customers who wish to lower their loan repayments can apply for HDFC Balance Transfer Facility. By availing the Balance Transfer Facility, customers can also get an additional Top Up Loan of up to Rs. 50 lakh.

Eligible ProfilesSalaried and Self Employed Individuals
Loan AmountUp to Rs. 50 lakh
Interest Rate8.00% onwards
Loan TenureUp to 30 years
Processing FeeUp to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST

Back to Home Loan Schemes

Know More

HDFC Home Loan for NRI/PIO

  • The loan scheme is for NRIs, PIOs and OCIs* to:
    • purchase a flat, row house, bungalow from private developers in approved projects in India
    • purchase properties from Development Authorities such as DDA, MHADA etc.
    • construct on a freehold/leasehold plot or on a plot allotted by a Development Authority in India
    • purchase properties in an existing Co-operative Housing Society or Apartment Owners’ Association or Development Authorities settlements or privately built up homes
  • HDFC NRI Home loan is offered at attractive interest rates
  • The loan scheme allows customers to avail Home Loan Advisory Services in the country where they live at present
  • HDFC offers Property Search Advisory Services, which is the legal and technical counselling to help customers make an informed home buying decision
  • HDFC offers valuable insights on developer projects, location, documentation and offerings
  • The loan is also available for customers employed in Merchant Navy

Back to Home Loan Schemes

Know More

Pradhan Mantri Awas Yojna (PMAY) - Credit Linked Subsidy Scheme (CLSS)

PMAY Features & Benefits

  • Upfront interest subsidy benefit on principal outstanding
  • Aadhaar number(s) of the beneficiary family is mandatory for MIG category
  • Interest subsidy will be available for a maximum loan tenure of 20 years or the loan tenure availed by the borrower, whichever is lower
  • There is no cap on the loan amount or on the cost of the property
  • The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9%
  • The additional loan beyond the specified limits, if any, to be at non-subsidised rate

Key Parameters of Credit Linked Subsidy

CLSS Scheme TypeEWS/LIGMIG – I**MIG – II**
Loan PurposePurchase/Self Construction/ExtensionPurchase/Self ConstructionPurchase/Self Construction
Eligibility Household/Family IncomeBetween Rs. 3 lakh and Rs 6 lakhBetween Rs. 6 lakh and Rs. 12 lakhBetween Rs.12 lakh and Rs.18 lakh
Carpet Area-Max60 sq.m.160 sq.m.200 sq.m.
Subsidy calculated on a maximum loan ofRs. 6 lakhRs. 9 lakhRs. 12 lakh
Interest Subsidy6.50%4.00%3.00%
Maximum SubsidyRs. 2.67 lakhRs. 2.35 lakhRs. 2.30 lakh
Validity of scheme31st March 202231st March 202031st March 2020
Woman OwnershipMandatory*Not MandatoryNot Mandatory

Note: The PMAY/CLSS is at the sole discretion of the Government of India. The contents given in the table are parameters as mentioned under the scheme.

*Woman ownership is not mandatory for construction/extension

**For MIG – I & II, the loan should be approved on or after January 1, 2017.

PMAY Eligibility Criteria

  • The PMAY scheme is offered to families, comprising husband, wife and unmarried children. (An adult earning member irrespective of marital status can be treated as a separate household in MIG category)
  • The beneficiary family should not own a pucca house in the name of any member of their family anywhere in India
  • In case of married couples, either of the spouse or both together in joint ownership will be eligible for a single subsidy

The beneficiary family should not have availed of central assistance under any housing scheme from the Government of India or any benefit under any scheme in PMAY.

Also Read: How to Avail Home Loan Subsidy Under Pradhan Mantri Awas Yojana?

Details

  • For MIG category, Aadhaar number(s) of the beneficiary family is mandatory
  • The interest subsidy will be available for maximum loan tenure of 20 years or the loan tenure, whichever is lower
  • The interest subsidy will be credited upfront to the loan account of beneficiaries through HDFC, resulting in reduced effective housing loan and EMI
  • At a discount rate of 9%, the Net Present Value (NPV) of the interest subsidy will be calculated
  • The additional loan beyond the specified limits, if any, to be at non-subsidised rate
  • There is no limit on the loan amount or the cost of the property

Back to Home Loan Schemes

How to Apply for HDFC Home Loan Online

Customers can apply for HDFC Home Loan online via Paisabazaar.com. The process to apply for the HDFC home loan is:

  • Visit the Home Loan page at Paisabazaar.com
  • Fill in the necessary information about the loan amount required, the type of home loan required, etc.
  • Provide more details regarding your home loan requirements and personal information such as the cost of the property, your full name, date of birth, etc.
  • Select the check box to agree on the terms and conditions
  • Click the View Best Offers button to proceed

The best home loan offers according to your eligibility will appear for customers to compare and select.

  • Apply for the home loan scheme that suits your requirements the best

Once the process is finished, customers will receive an acknowledgement message, which will include a reference number which they can use to track their HDFC Ltd. home loan application. Customers will also receive a call from Paisabazaar’s home loan experts to take forward the home loan process.

Customers can also check the HDFC home loan status and home loan statement online for more information.

An alternative way to apply for HDFC Ltd. home loan online is through different platforms such as HDFC Netbanking and HDFC Bank’s or HDFC Ltd.’s website.

HDFC Home Loan Customer Care

To get HDFC Housing Loan related queries or complaints resolved, customers can contact the lending institution through:

Missed Call Service
+91-9289200017
SMS
HDFCHOME to 56767

Customers can also write their complaints or queries on the lender’s official website.

HDFC Home Loan FAQs

What is the current HDFC RPLR?

The current HDFC Retail Prime Lending Rate (RPLR) is 16.75%.

How to check HDFC Home Loan status?

To track your HDFC housing loan application status, follow these steps:

  • Click here to visit the HDFC loan application page
  • Enter your HDFC home loan login details – User ID and Password
  • Click on the Submit button and you will know your home loan status

What are the HDFC Home Loan benefits?

The benefits of HDFC Housing Loan are listed as follows:

  • It offers a variety of loan options to its customers
  • It provides home loans customised to suit the needs of different customers such as Salaried Individuals, Self Employed Professionals, Dairy Farmers, Agriculturists, Planters, etc.
  • No hidden charges are applicable
  • It ensures smooth and easy processing of a home loan
  • It offers counselling and advisory services or acquiring a property
  • It provides loan approval even before a property is selected
  • It offers flexible loan repayment options to its customer

What are HDFC home loan eligibility criteria?

HDFC housing loan eligibility criteria vary from one home loan scheme to another. HDFC Ltd. decides a customer’s home loan eligibility by assessing their repayment capacity based on their income, age, educational qualifications, credit history, number of dependants, spouse’s income (if any), assets, current liabilities, job/business stability, the continuity of the business or job, etc.

What documents are required to apply for HDFC Home Loan?

Some of HDFC Home Loan documents required at the time of loan application are:

  • Identity proof such as Aadhaar, Passport, Voter ID Card, etc.
  • Income proof such as salary slips or ITR for the last 3 years etc.
  • Residence proof such as
  • Property documents such as allotment letter, title deeds of the plot (for construction), etc.

The bank may ask for other documents as well as proof of the information provided in the home loan application form. Therefore, an applicant must always provide the right information in the home loan application form and should keep all the related documents ready.

Who provides home loan – HDFC Bank or HDFC Ltd.?

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 other 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 a home loan.

Does HDFC Bank give home loan?

Yes, HDFC Bank provides home loan on behalf of HDFC Ltd.

How much home loan can a customer get on his/her salary?

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.

Which is better between fixed and floating home loan interest rates?

Both fixed and floating home loan interest rates have their own pros and cons. Which one out of the two is better, depends on the customer’s requirements.

  • Fixed home loan interest rate: Fixed interest rates remain the same throughout the loan tenure and are a little higher than floating interest rates. It is best suited for customers who are comfortable with their home loan EMIs or expects the home loan interest rates to increase in future. In general, lending institutions levy prepayment penalty on fixed rate home loans.
  • Floating home loan interest rate: Floating interest rates are not the same throughout the loan tenure. It may change with the change in the lender’s benchmark rate. It is a little lower than the fixed home loan interest rates and customers who expect the home loan interest rates to reduce in future must opt for it. Usually, lenders levy no prepayment penalty on floating rate home loans.

Customers who are unable to decide between fixed rate and floating rate home loans can also opt for partly fixed or partly floating rates as per their needs.

HDFC Home Loan News

HDFC lowers lending rates by 10 bps

14 October 2019: HDFC has reduced its lending rates by 10 basis points (bps). The change in rates is applicable to both new and existing borrowers, effective from 15th October 2019. After the rate cut, HDFC home loan interest rate currently stands at 8.25% p.a. for salaried borrowers.

HDFC reduces home loan rates by 5 bps

19 June 2019: HDFC reduced home loan interest rates by 5 basis points (bps). Currently, the HDFC home loan interest rate is 8.60%. The rate has been changed from 8.65% to 8.60%. This is a moment of relief for HDFC home loan borrowers as the loan EMIs have also decrease with the decrease in the rate.

Under PMAY, HDFC disburses subsidy amounting about Rs. 2,300 crore

29 May 2019: Under the Pradhan Mantri Awas Yojana Scheme (PMAY), HDFC disburses subsidy amounting over Rs. 2,300 crore, benefiting more than 1 lakh first time home buyers. Those who have not availed the benefits of this housing scheme should apply for it at the earliest as the scheme for MIG category is available only until 31 March 2020 and for EWS/LIG, the scheme is valid upto 31 March 2022.

Did you find this article helpful? Rate it.

HDFC Home Loan
(4.7/5 ) 54 Reviews
Write a review
Jun 22 , 2019
4/5
Good loan schemes

HDFC bank has good loan schemes with decent interest rates and are a saviour.

May 27 , 2019
5/5
No processing fee

I applied for a HDFC home loan online and got processing fees waived off.

May 27 , 2019
5/5
Repayment age

I got a HDFC loan tenure as per my retirement age to ensure I close the liability.

May 27 , 2019
5/5
Loan to value ratio

my HDFC loan to value ratio was 85% of the property value.

May 27 , 2019
5/5
Work experience

I got a HDFC home loan with a minimum 2 years of experience.

May 27 , 2019
5/5
High loan amount

my HDFC loan amount was sanction for 10 crores with utmost ease.

May 27 , 2019
5/5
Different Individuals

I got a better rate for being a salaried individual for my HDFC home loan.

May 27 , 2019
5/5
Fixed rate foreclosure

I paid 2.5% of the outstanding home loan with HDFC amount as foreclosure.

View All Reviews
Menu