HDFC Bank Home Loan

HDFC Bank Home Loans starting at just 8.75% p.a.

HDFC Bank offers attractive interest rates on home loans starting at 8.75% p.a..The loan tenure can be extended up to 25 years, ensuring a Read More...

Use the loan for various needs - buying a new house (ready-built, under construction, or pre-owned), building a new home, or renovating your existing one. You can even switch your existing home loan from another bank to SBI.The bank charges a processing fee of up to 0.5% of the loan amount plus applicable taxes.

HDFC Bank Home Loan Highlights

Loan Amount	5 Lakhs to No upper limit
Tenure	Upto 25 years
Rate of Interest	8.75% onward
Processing Fee	For Salaried/Self-employed Professionals: Up to 0.5% of loan amount or Rs15000, whichever is higher For Self-employed Non-Professionals: Up to 1.50% of loan amount or Rs 15000, whichever is higher
Prepayment/Foreclosure Charges	Nil
Max Tenure	25 years
Foreclosure Charges	Nil

HDFC Bank Home Loans Comparison Table

Name of Lender	Amount Up to	Interest Rate	Tenure
Axis Bank	₹10 cr	8.75% Onwards	Up to 20 years

HDFC Bank Home Loan EMI calculator

Enter the loan amount, interest rate, and loan tenure into the HDFC Bank home loan EMI calculator below to determine your monthly EMI and the total interest due over the loan period.

Principal: ₹50,00,000

Rate of Interest: 9%

Tenure (in months): 120

EMI: ₹63,337.89

Total interest: ₹26,00,546.8

Total principal: ₹50,00,000

HDFC Bank Home Loans Eligibility

HDFC Bank Home Loan For Regular Home

HDFC Bank Rural Housing Loans

HDFC Bank Home Loan Balance Transfer

HDFC Bank Home Renovation Loans

HDFC Bank Home Extension Loans

HDFC Bank Home Loan For Regular Home

The HDFC Bank Regular Home Loan scheme is designed for those looking to finance the purchase of built or under-construction properties, as well as pre-owned homes. It is also suitable for individuals wanting to secure financing for the construction, renovation, or extension of their existing home.

Criteria	Value
Minimum Age	18 years
Maximum Age	70 years
Resident Type	Resident Indian
Loan Tenure	Up to 25 years

HDFC Bank Home Loan Schemes

HDFC Bank provides a range of home loan schemes with interest rates starting from 8.75%, including options like Regular Home Loan with benefits for women and no pre-payment fees, Rural Housing Loans for people in rural areas, Home loan balance transfer for home loan borrowers. Each scheme includes a processing fee of 0.5% with varying minimum and maximum amounts.

Loan Type	Interest Rate (p.a.)	Processing Fee	Special Features
HDFC Bank Regular Home Loan	From 8.75% onwards	0.5% of loan amt ₹4500 min for salaried & Self-employed Professional, and 1.50% of the loan amount ₹4500/- minimum for Self employed	5 bps lower interest rate for women No pre-payment charges Age 18-70 eligible
HDFC Bank Rural Housing Loan	From 9.40% onwards	0.5% of loan amt ₹4500 min for salaried & Self-employed Professional, and 1.50% of the loan amount ₹4500/- minimum for Self employed	For agriculturists, dairy farmers, planters, and horticulturists
HDFC Bank Home Loan Balance Transfer	From 8.75% onwards	0.5% of loan amt ₹4500 min for salaried & Self-employed Professional, and 1.50% of the loan amount ₹4500/- minimum for Self employed	For existing borrowers of other banks and HFCs
HDFC Bank Home Renovation Loan	From 8.75% onwards	0.5% of loan amt ₹4500 min for salaried & Self-employed Professional, and 1.50% of the loan amount ₹4500/- minimum for Self employed	To assist individuals in improving their homes through activities like tiling, flooring, painting, and plastering existing structures
HDFC Bank Home Extension Loan	From 8.75% onwards	0.5% of loan amt ₹4500 min for salaried & Self-employed Professional, and 1.50% of the loan amount ₹4500/- minimum for Self employed	To secure funds for expanding their residences, which may involve adding extra space to their current homes.

HDFC Bank Home Loan Fees and Charges

HDFC Bank Home Loan Processing Fees

HDFC Bank Home Loan Application charges

HDFC Bank Home Loan Prepayment charges

HDFC imposes a processing fee of 0.5% on the home loan amount for salaried and self-employed applicants, with a minimum charge of Rs.4500/- and maximum of Rs.15000/- plus applicable GST. Advocate and Valuer fee will be collected as per actuals from the customer.

How to Apply for HDFC Bank Home Loan?

Prospective borrowers interested in an HDFC Bank home loan have the option to apply online either through the bank's official website, as outlined below:
Apply here

Via the HDFC Bank Official Website

Visit the HDFC Bank Home Loan official website.
Click on Apply now
Enter the necessary details to determine the eligible loan amount.
Complete the required information on right side and tap "Submit".

Documents Required for HDFC Bank Home Loan

Following is the list of documents required for different categories of customers

Hdfc Bank Home Loan list of documents for Salaried

Hdfc Bank Home Loan list of documents for Self-employed professionals

Hdfc Bank Home Loan list of documents for Self-employed

Hdfc Bank Home Loan list of documents for Farmers

Hdfc Bank Home Loan list of documents for NRIs

Hdfc Bank Home Loan list of documents for Salaried

Identity and residence proof (KYC), such as an Aadhaar, PAN card, or Voter ID card.
Income proof, such as the last 3 months salary slip, the latest Form 16, and a six-month bank statement.
A Cheque for The Processing Fee for The Loan Application.
Property Documents Such as Sale Deed, NOC From the Builder or Housing Society, Advance Payment Receipt to The Builder, And Approved Construction Plan.

Property Related Documents

For New Home

Allotment letter copy/Buyer agreement
Payment receipt made to the developer

For Resale Home

Title deeds including previous chain of property documents
Agreement to sell copy
Initial payment receipt made to the seller

For Construction

Title deed of plot
Copy of the plan approved by Local Authorities
No encumbrance proof on the property
The total estimate of construction by a Civil Engineer/Architect

HDFC Bank Home Loan Balance Transfer

HDFC Bank offers Balance Transfer of home loan that enables a customer to transfer home loan from Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB) and Borrower’s employers if they are Central/State Govt or their undertakings or Public Sector Undertaking subject to condition that the borrower should satisfy the eligibility criteria for availing Home Loan as per the bank' instruction and has serviced interest and/or installment of the existing loan regularly, as per the original terms of sanction. The borrower should have valid documents evidencing the title to the house/flat.

HDFC Bank Home Loan Amount (LTV Ratio):

Loan Amount	Loan Percentage
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

HDFC Bank Home Loan Customer Care

HDFC Bank Home Loan Customer Care Toll-Free Number
Toll-free number: 1800 202 6161 / 1860 267 6161
Give a missed call on 9289200017 or send an SMS HDFCHOME to 56767

HDFC Bank Chief Grievance Redressal Officer
Mr. Mehernosh Dhamodiwala
Grievance Redressal Cell, HDFC Bank Limited, 1st Floor, Empire Plaza-1, Lal Bahadur Shastri Marg,
Chandan Nagar, Vikroli West, Mumbai- 400083

The applicant can also call the Grievance Redressal Cell on the number provided below:
Helpline Number: 1800 266 4060

HDFC Bank Home Loan FAQ’S

Here are some of the frequently asked questions with regards to HDFC Bank Home Loan

What is the current interest rate for HDFC Bank home loans?

HDFC Bank offers home loans starting from 8.75% p.a., varying based on the applicant's credit profile.

How do I calculate the interest cost for my HDFC Bank home loan?

You can determine the interest cost using the HDFC Bank Home Loan EMI Calculator. Simply input your loan amount, tenure, and interest rate into the calculator to obtain instant results.

What factors contribute to the fluctuation of HDFC Bank home loan interest rates?

HDFC Bank adjusts its housing loan rates in accordance with the repo rate. Changes in the repo rate prompt adjustments in the rates for existing HDFC Bank home loan borrowers. Additionally, HDFC Bank may modify the spread over benchmark rates during special or festive home loan offers.

Who is eligible to be a co-applicant for an HDFC Bank Housing Loan?

Co-owners of the property must also be co-applicants for the HDFC Bank Housing Loan. However, not all co-applicants need to be co-owners; close family members are typically permitted as co-applicants.

Can I make early payments toward my outstanding home loan amount?

Yes, partial or full prepayment of your home loan amount is allowed before the loan tenure ends. HDFC Bank does not impose prepayment charges on home loans with floating interest rates.

How can I lower my HDFC Bank Home Loan interest rate?

You can reduce your HDFC Bank Housing Loan interest rate by transitioning from a higher interest rate to a lower one. HDFC Bank charges a conversion fee for rate reductions, or alternatively, you can transfer your home loan to another lender offering lower rates.

What are the pre-closure charges for HDFC Bank home loans?

Kotak Mahindra Bank does not levy prepayment fees on home loans with floating interest rates. For fixed-rate home loans, prepayment incurs a fee on the outstanding loan amount plus applicable taxes, except when using own sources for pre-closure.

What is the disbursement process for HDFC Bank Home Loans?

After property and document verification and completion of the 'own contribution' or down payment, HDFC Bank sanctions the home loan. Disbursement can be requested online or offline and is contingent on construction progress.

Is my spouse's income considered in calculating the home loan amount?

Yes, your spouse's income can bolster your home loan eligibility. Your spouse must provide income documents to HDFC Bank for consideration.

What is the minimum credit score required for HDFC Bank Home Loan applicants?

While HDFC Bank doesn't specify a minimum credit score, it offers lower rates to applicants with scores of 750 and above.

Can I secure home loan approval while still deciding on a property?

Yes, you can apply for pre-approved home loan facilities based on your financial status, creditworthiness, and income. Property selection must occur within 6 months of loan sanction.