HDFC Bank Rural Housing Loan Highlights |
|
Interest Rate | 8.50%-10.20% p.a. |
Loan Amount | 75% – 90% of the property cost |
Loan Tenure | Up to 30 years |
Processing Fee | Up to 1.50% of the loan amount or Rs. 4,500 + GST |
Note: Rates as of 18 September 2023

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Table of Contents
HDFC Bank Rural Housing Loan 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 | 8.50%-9.95% |
Standard Home Loan Rates
Loan Slab | Interest Rates (p.a.) |
For all loan amounts | 8.75%-10.20% |
Features of Rural Housing Loan
Purpose:
- To purchase an under-construction/existing/new residential property in the rural and urban areas
- To add or extend space to existing home property
- To enhance the home in many ways such as internal and external plaster, tiling and flooring and painting etc
- To construct a home on a freehold or leasehold residential plot in the urban & rural areas
Tenure:
- For Telescopic Repayment Option under Adjustable Rate Home Loan- Up to 30 years
- For all other home loans- Up to 20 years
Loan to Value (LTV) Ratio:
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 |

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HDFC Bank Rural Housing Loan Processing Fees & Charges
Particulars | Charges (excluding GST) |
Processing fees (for Salaried/ Self-Employed Professionals)
|
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 | |
Processing fees (for Agriculturists/ Self-Employed Non-Professionals) | Up to 1.50% of the loan amount or Rs 4,500 whichever is higher. |
Minimum Retention Amount: 50% of applicable fees or Rs 4,500, 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 Bank Rural Housing Loan 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 Bank Rural Housing Loan
Identity & Residence Proof (KYC) for agriculturists, salaried individuals, self-employed individuals
- 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 agriculturists:
- Copies of Title Documents of agricultural land depicting land holding
- Copies of Title Documents of agricultural land depicting crops being cultivated
- Bank statements for the last 6 months
For salaried individuals:
- Salary Slips for the last 3 months
- Bank Statements of the last 6 months, showing salary credits
- Latest Form-16 and IT returns
For self-employed individuals:
- Income Tax Returns along with income computation for the last 3 Assessment Years (of individual and the business entity and attested by a CA)
- Balance Sheet and Profit & Loss A/c Statements of last 3 years, with Annexures / Schedules (of both the business entity and individual and attested by a CA)
- Last 6 months’ Current A/c Statements of the business entity and Savings Account Statements of the individual
Other Documents
For agriculturists
- 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.’ In Indian Rupees
- Own contribution proof
- Last 2 years statement of loans availed (if any)
For salaried individuals
- Employment Contract / Appointment Letter in case current employment is less than 1 year
- Last 6 months’ Bank Statements showing repayment of any ongoing loans
- Memorandum and Articles of Association of the Company
- Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
- Own contribution proof
- Last 2 years statement of loans availed (if any)
For self-employed individuals
- Business profile
- Latest Form 26 AS
- Memorandum and Articles of Association of the Company
- List of Directors and Shareholders certified by a CA / CS in case of the business entity being a 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.
- 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’
- Own Contribution Proof

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