HDFC Home Extension Loan Highlights | |
| Interest Rate | 8.65% p.a. onwards |
| Loan Amount | 75% – 90% of the property cost |
| Loan Tenure | Up to 20 years |
| Processing Fee | Up to 0.50% of the loan amount or Rs. 3,000 + GST |
Note: Rates as of 31 January 2023
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Table of Contents
HDFC Home Extension Loan Interest Rate
Special Home Loan Interest Rates
| Loan Slab | Interest Rates (p.a.) |
| For Credit Score of 800 & Above | 8.65% |
| For all loan amounts | 8.75%-9.35% |
Standard Home Loan Rates
| Loan Slab | Interest Rates (p.a.) |
| For Women (up to 30 lakhs) | 8.95%-9.45% |
| For Others (up to 30 lakhs) | 9.00%-9.50% |
| For Women (30.01 lakhs to 75 lakhs) | 9.20%-9.70% |
| For Others (30.01 lakhs to 75 lakhs) | 9.25%-9.75% |
| For Women (75.01 lakhs & above) | 9.30%-9.80% |
| For Others*(75.01 lakhs & above) | 9.35%-9.85% |
For Self Employed Non-Professionals
| Loan Slab | Interest Rates (p.a.) |
| For Women (up to 30 lakhs) | 9.05%-9.55% |
| For Others (up to 30 lakhs) | 9.10%-9.60% |
| For Women (30.01 lakhs to 75 lakhs) | 9.30%-9.80% |
| For Others (30.01 lakhs to 75 lakhs) | 9.35%-9.85% |
| For Women (75.01 lakhs & above) | 9.40%-9.90% |
| For Others*(75.01 lakhs & above) | 9.45%-9.95% |
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Features of Home Extension Loans
Purpose: To add space such as additional rooms or extend your existing home
Tenure: Up to 20 years
Loan to Value (LTV) Ratio:
| Loan Amount | LTV Ratio |
| Up to and including Rs 30 lakh | Up to 90% of construction estimate |
| Rs 30.01 lakh-Rs 75 lakh | Up to 80% of construction estimate |
| Above Rs 75 lakh | Up to 75% of construction estimate |
HDFC Home Loan Processing Fees & Charges
| Particulars | Charges (excluding GST) |
| Processing fees | Up to 0.50% of the loan amount or Rs. 3,000 whichever is higher |
| Minimum Retention Amount: 50% of applicable fees or Rs. 3,000 whichever is higher | |
| 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- NIL when prepaid through own sources of funds; 2% of the prepaid amount when paid through other sources of funds | |
| Late payment fee | 24% p.a. |
| 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 |
Conversion Charges
| Particulars | Charges |
| Switch to Lower Rate in Variable rate Loans (Housing/Extension/Renovation) | Up to 0.50% of the principal outstanding and undisbursed amount (if any) at the time of conversion or a cap of Rs 50,000, whichever is lower |
| Switch to Variable Rate Loan from Fixed Rate Loans (Housing/Extension/Renovation) | Up to 0.50% of the principal outstanding and undisbursed amount (if any) at the time of conversion or a cap of Rs 50,000, whichever is lower |
| Switch from Combination rate home loan fixed rate to variable rate | Up to 1.75% of the principal outstanding and undisbursed amount (if any) at the time of conversion |
| Switch to Lower rate (Plot Loan) | Up to 0.50% of the principal outstanding and undisbursed amount (if any) at the time of conversion |
HDFC Home Extension Loan Eligibility
- Nationality: Resident Indian
- The age of the applicant must be from 21 to 65 years
- Profession: Salaried / Self Employed
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Documents Required for HDFC Home Extension Loan
Identity & Residence Proof (KYC)
- PAN Card or Form 60 (in case applicant does not have a PAN Card) (Mandatory)
- Description of Officially Valid Documents (OVD) that can be accepted for establishing the legal name and current address of the applicant (any of the following)
- Passport
- Driving license
- Election/Voters identification card
- Job card issued by NREGA duly signed by the officer of the State Government
- Letter issued by the National Population Register containing details of name, address
- Proof of possession of Aadhaar Number
Income Proof
For salaried individuals
- Last 3-month salary slips
- Bank statements of last 6 months, showing salary credits
- Latest IT returns and Form 16
For self-employed professionals
- Income Tax Assessment of last 3 assessment years of the business entity and individual, attested by a CA
- Last 3 years’ Profit & Loss A/c Statements and Balance Sheet, with Annexures or Schedules (of both the business entity and the individual and attested by a CA)
- Current A/c Statements of last 6 months of the business entity & savings account statements of the individual
Property/Home Extension Documents
- Title Deeds of the Plot
- Proof of no encumbrances on the property
- Copy of the plans, approved by the Local Authorities
- Construction estimate by an Architect or Civil engineer
Other Documents
For salaried individuals
- Employment Contract or Appointment Letter in case current employment is less than 1 year
- Bank Statements of last 6 months showing repayment of any ongoing loans
- Passport size photograph of all the applicants / co-applicants and duly signed
- Cheque for processing fee favouring ‘HDFC Ltd.’
- Own contribution proof
For self-employed professionals
- Business Profile
- Latest Form 26 AS
- In case the business entity is a company: list of Directors & Shareholders with their individual shareholding certified by a CA or CS
- Articles and Memorandum of Association of the Company
- Partnership deed in case the business entity is a partnership firm
- Details of ongoing loans of the individual & the business entity including the instalments, security, outstanding amount, purpose, balance loan term, etc.
- Passport size photograph of all the applicants or co-applicants
- Cheque for processing fee favouring ‘HDFC Ltd.’
- Own Contribution Proof