HDFC Reach Home Loan Highlights | |
Interest Rate | 10.25% p.a. onwards |
Loan Amount | Up to 80% of property value |
Loan Tenure | Up to 30 years |
Processing Charges | 2% of loan amount (Min. Rs. 3,000 & Max. Rs. 4,500) + GST (Discounted processing fee of Rs 3,000) |
Minimum Income | For Salaried- Rs 10,000 p.m. For Self-employed- Rs 2 lakh p.a. |
Note: Rates as of 31st January 2023
HDFC Reach Home Loan Interest Rates
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% |
Also check the home loan interest rates offered by other lenders

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HDFC Reach Home Loan Processing Fees
Particulars | Charges (excluding GST) |
Processing fees | 2% of the loan amount (Discounted processing fee of Rs 3,000) |
Part/Full Prepayment Charges for Floating Rate Home Loans | No prepayment charges shall be applicable on prepayment made by individuals through any source towards floating rate home loans, except when the loan is sanctioned for business purposes |
Part/Full Prepayment Charges for Fixed Rate Home Loans | Prepayment charge shall be levied at 2% of the outstanding amount if the loan is prepaid through refinance from any Bank/HFC/NBFC or Financial Institution (such amounts shall include all amounts prepaid during the given financial year) and shall be applicable to all partial or full prepayments |
Check dishonour charges | Rs. 200 |
Rate Conversion Fees | Up to 1.75% of the principal outstanding and undisbursed amount |
Charges On Account Of Delayed Payments | 24% p.a. |
PDC Swap | Rs. 500 |
Disbursement cheque cancellation charges post disbursement | Up to Rs. 200 |
Re-appraisal of loan post 6 months from sanction | For employed customers – Rs. 3,000 For self-employed customers – Rs. 4,500 |
Also know the HDFC Home Loan Processing Fee for other home loan schemes
Types of HDFC Reach Home Loan
HDFC Reach Housing Loan
Purpose
- Special HDFC Home loan scheme for micro entrepreneurs and salaried individuals with or without sufficient income documents for purchasing a new or existing home, repair/renovation of existing dwelling unit, home extension, plot purchase and purchase/extension/construction/improvement of a non-residential property
- Can also be used for home loan transfer facility
- For additional loan amount on existing home loan to meet various personal requirements
LTV Ratio
Loan Product | Loan Amount (LTV) |
HomeLoan/Home Extension Loan/Home Improvement Loan/Top-up Loan | 80% of property cost |
Non-Residential Premises Loan/Plot Loan | 60% of property cost |
Loan Against Property | 50% of property cost |
Tenure
- For Home Loan/Home Extension Loan/Refinance: Up to 30 years
- For Home Improvement Loan/Plot Loan/Non-Residential Premises Loan/Loan Against Property/Top-up Loans: Up to 15 years

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Eligibility Criteria for HDFC Reach Home Loan
- Age: 21-65 years
- Profession: Salaried/Self-employed (micro-entrepreneurs) with minimum income proofs
- Nationality: Indian
- Minimum Income: Rs 10,000 p.m. for salaried
Rs 2 lakh p.a. For self-employed
HDFC may also consider the credit score of its applicants while evaluating eligibility for availing HDFC Reach Home Loans.
Know more about HDFC Home Loan eligibility for other home loan schemes
Documents Required for HDFC Reach Home Loan
KYC Documents
- PAN Card (Mandatory)
- Proof of Identity & Residence (such as Passport, Driving License, Voter ID and Aadhaar Card)
Other Documents
- Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
- Cheque for processing fee favouring ‘HDFC Ltd.’
For Salaried
Proof of Income:
- Last 6 months’ Salary Slips / Certificates attested by the employer
- Last 12 months’ Bank Statements / updated passbook, showing salary credits
- Latest Form-16
Other Documents
- Employment Contract/Appointment Letter in case current employment is less than 1 year old
- Last 6 months’ Bank Statements showing repayment of any ongoing loans

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For Self-Employed
Proof of Income:
- Last 2 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures/Schedules (of both the individual and the business entity and attested by a CA)
- Last 1 year’s Current A/c Statements of the business entity and Savings Account Statements of the individual (of both the individual and the business entity and attested by a CA)
Other Documents
- 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 in case of the business entity being a partnership firm
- Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.
Know more about HDFC home loan documents required

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