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Disclaimer: Housing and Urban Development Corporation Limited (HUDCO) is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Housing and Urban Development Corporation Limited (HUDCO) for home loans. No offers/services from Housing and Urban Development Corporation Limited (HUDCO) are being provided by Paisabazaar for home loans. For further information about Housing and Urban Development Corporation Limited (HUDCO) for home loans, users are required to reach out directly to Housing and Urban Development Corporation Limited (HUDCO).
| Housing and Urban Development Corporation Limited Home Loan Highlights – 2025 | |
| Interest Rates | 8.60% p.a. onwards |
| Loan Amount | Up to Rs 1 crore |
| Tenure | Up to 25 years |
| LTV Ratio | Up to 80% of the cost of the housing unit |
| Processing Fees | NIL |
| Administrative Fees | 0.25% of the loan amount |
Note: Rates as of 23 June 2025
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Housing and Urban Development Corporation Limited Home Loan Fees and Charges
| Processing Charges | NIL |
| Administrative Charges | 0.25% of loan amount + GST |
| Prepayment Charges | NIL |
| Penalty Charges | 1% per month |
| Conversion Charges | As per the date of such change |
| Cheque Bounce Charges | Rs 100 + GST + Applicable Bank Charges |
| Valuation Report Charges | Charges as per actuals |
| Incidental Charges | Costs, expenses, charges, in connection with dues recovery from a defaulting customer |
| Any other Charges | As per actuals |
| Legal Charges | As per actuals |
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Types of HUDCO Home Loan
HUDCO NIWAS (Retail Housing Loan)
Purpose: HUDCO NIWAS is the retail housing loan scheme to provide housing loans to individuals for purchase and construction of flat/house, plot purchase from public (government) agencies, improvement, and extension of an existing home, cooperative societies of government employees, refinancing of existing home loans from other financial institutions/ employers/ banks.
Features:
- Highly competitive interest rates
- Zero pre-payment penalties
- Switching the existing loan from fixed to floating and vice versa at minimal charges
- Free personal accident insurance covering the outstanding loan amount
Loan Amount:
- Up to Rs 50 lakh in Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, Kolkata
- Up to Rs 40 lakh in other areas
- Up to Rs 1 crore for Government/ PSU employees
Tenure:
- Up to 25 years
- The tenure will not extend beyond 65 years of age (it might extend up to 5 years, i.e., 70 years of age in specific cases)
Processing Fees: NIL
Eligibility Criteria for Housing and Urban Development Corporation Limited Home Loan
- Borrowers with verifiable income up to Rs 8 lakh. HUDCO NIWAS loans are available only in clearly identified Municipal areas.
- The loan amount depends upon the repayment capacity of the borrower, which in turn depends upon the age, income, assets, liabilities, income of the spouse, occupation stability and continuity, bank account details, savings history.
Documents Required for HUDCO Home Loan
- Latest salary slips/ certificates mentioning all the allowances, details, and deductions of any outstanding loan
- For Pensioners- Copy of the pension certificate
- Tax computation and ITR for the last 3 years
- Rent/lease agreement copy with bank statements/ ITRs in case of any additional increase in income
- A letter from the employer stating that the EMI payable to HUDCO will be deducted from the monthly salary of the employee every month and the same will be remitted to HUDCO monthly
- Copy of registered lease deed/ sale deed/ allotment letter/ Co-operative Society share certificate, sale agreement as executed on applicable stamp paper
- In case of house construction, a copy of the House Plan as approved by the Local Competent Authority
- Analysis of the cost estimate for the construction prepared by the Civil Engineer/ Registered Architect/ letter from the society in case of a cooperative society
- House Building Advance copy, sanction letter specifying the loan amount and repayment terms
- Photocopy of updated passbook, or bank account statement for last 6 months
- Age Proof/ Residence Proof
- Particular of a guarantor of comparable income and age
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HUDCO Home Loan EMI Calculator
Home Loan EMI Calculator
₹
%
Year(s)
Home Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395