HDFC Home Improvement/Renovation Highlights |
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Interest Rate | 8.70% 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 22 May 2023

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Table of Contents
HDFC Home Improvement/Renovation Interest Rate
Special Home Loan Interest Rates (For Salaried/Self-employed professionals/Self-employed non-professionals)
Loan Slab | Interest Rates (p.a.) |
For all loan amounts | 8.70%-9.60% |
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% |

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Features of Home Improvement/Renovation Loans
Purpose: For home enhancement including tiling, flooring, painting, plasters, etc.
Tenure: Up to 15 years
Loan to Value (LTV) Ratio:
For Existing Customers:
Loan Amount | LTV Ratio |
Up to Rs 30 lakh | Up to 100% of renovation estimate (subject to loan/total exposure not exceeding 90% of the market value of the property as assessed by HDFC) |
Rs 30.01 lakh-Rs 75 lakh | Up to 100% of renovation estimate (subject to loan/total exposure not exceeding 80% of the market value of the property as assessed by HDFC) |
Above Rs 75 lakh | Up to 100% of renovation estimate (subject to loan/total exposure not exceeding 75% of the market value of the property as assessed by HDFC) |
For New Customers:
Loan Amount | LTV Ratio |
Up to Rs 30 lakh | Up to 90% of the renovation estimate |
Rs 30.01 lakh-Rs 75 lakh | Up to 80% of the renovation estimate |
Above Rs 75 lakh | Up to 75% of the renovation estimate |
HDFC Home Improvement/Renovation 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 |
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HDFC Home Improvement/Renovation Eligibility
- Nationality: Resident Indian
- The age of applicant must be from 21 to 65 years
- Profession: Salaried / Self Employed

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Documents Required for HDFC Home Improvement/Renovation Loan
Identity & Residence Proof (KYC)
- PAN Card or Form 60 (in case the 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 the last 6 months, showing salary credits
- Latest IT returns and Form 16
For self-employed professionals
- Income Tax Assessment of the 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 the last 6 months of the business entity & savings account statements of the individual
Property/Home Renovation Documents
- Title Deeds of the property
- Proof of no encumbrances on the property
- 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 the 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: a 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, outstanding amount, purpose, security, balance loan term, etc.
- Passport size photograph of all the applicants or co-applicants
- Cheque for processing fee favouring ‘HDFC Ltd.’
- Own Contribution Proof

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