HDFC Home Loan Interest Rates 2022 promises the most competitive home loan interest rates ranging between 8.10% p.a. to 9% p.a. Pay the lowest EMI of Rs 741 per lakh for 30 years on floating rate HDFC home loans. Fulfill the HDFC home loan eligibility conditions and enjoy the lowest HDFC Home Loan Interest Rates 2022! .
Currently HDFC home loan interest rates start at 7.55% p.a (special scheme) for floating interest rate variant. The special scheme offers 20 bps discount on standard HDFC home loan rate. You can opt for floating/adjustable rate or trufixed loan as per your requirement.
|HDFC Home Loan Interest Rates for Salaried & Self Employed Professionals (Special Rates)|
|Floating/ Adjustable Rate Home Loans|
|Loan Amount||For Women||For Others|
|Up to Rs. 30 Lakhs||8.10% - 8.60%||8.15% - 8.65%|
|Rs. 30.01 Lakhs to Rs. 75 Lakhs||8.35% - 8.85%||8.40% - 8.90%|
|Rs. 75.01 Lakhs or Above||8.45% - 8.95%||8.50% - 9.00%|
HDFC Retail Prime Lending Rate is 17.45%
|Loan Slab||Home Loan Interest Rates (% p.a.) wef August , 2022|
|For Women* (upto 30 Lakhs)||8.10 to 9.50|
|For Others* (upto 30 Lakhs)||8.15 to 9.50|
|For Women* (30.01 Lakhs to 75 Lakhs)||8.35 to 9.75|
|For Others* (30.01 Lakhs to 75 Lakhs)||8.40 to 9.75|
|For Women* (75.01 Lakhs & Above)||8.45 to 9.85|
|For Others*(75.01 Lakhs & Above)||8.50 to 9.85|
|Loan Slab (Outstanding Home Loan + Top Up Loan)||Interest Rates (% p.a.)|
|Top Up Loan for Existing customers||8.70 - 9.20|
|Loan Slab (Simultaneous Loans)||Interest Rates (% p.a.)|
|For Women* (upto 30 Lakhs)||8.25 - 8.75|
|For Others* (upto 30 Lakhs)||8.30 - 8.80|
|For Women* (30.01 Lakhs to 50 Lakhs )||8.50 - 9.00|
|For Others* (30.01 Lakhs to 50 Lakhs)||8.55 - 9.05|
Also Check: HDFC Home Loan Cibil Score
HDFC Bank offers multiple categories of loans to fit in your requirements the best. The rates of this HDFC loan start at 6.90% p.a. The typical HDFC home loan Interest rates start from 6.90% p.a. for ladies and 7.70% p.a. for other people. There are various home loans offers and schemes given by the establishment which you can check out to decide what goes best with your desired housing scheme:
|HDFC Housing Loan Schemes||Interest Rates|
|HDFC Home Loan||8.10% p.a.* to 9% p.a.|
|HDFC Rural Housing Loan||8.10% p.a. to 9.85% p.a.|
|HDFC Home Improvement Loan||8.10% p.a. to 9% p.a.|
|HDFC Home Extension Loan||8.10% p.a. to 9% p.a.|
|HDFC Home Loan Top Up||8.70% p.a. to 9.20% p.a.|
|HDFC Plot Loan||8.10% p.a. to 9% p.a.|
|HDFC Home Loan Balance Transfer||8.10% p.a. to 9% p.a.|
|HDFC NRI Home Loan||8.10% p.a. to 9% p.a.|
|HDFC Reach Home Loan||8.75% p.a. to 14% p.a.|
Existing home loan customers wishing to reduce or reset EMI or tenure can apply for HDFC Home Loan Balance Transfer. You can opt for lower HDFC Home Loan interest rate and adjust loan principal and tenure according to your requirements.
The balance transfer customers can avail of al benefits associated with HDFC Ltd new Home Loans. The lowest home loan balance transfer interest rate is 8.10% per annum.
Existing HDFC Bank Home Loan customers as well as HDFC Home Loan Balance Transfer customers can apply for Top Up loan up to Rs 50 Lakhs.
HDFC Home Loan Interest Rates for existing customers & new customers
|Category||Rate of Interest|
|Top Up Home Loan Interest Rates – floating- For Salaried (Special rates)|
|Top up for existing customers||8.70% to 9.20%|
|Top up for new customers||As per home loan slab|
|Top Up Home Loan Interest Rates –floating- For Salaried (Standard rates)|
|Top up for existing customers||8.25% to 9.05%|
|Top up for new customers||As per home loan slab|
|TruFixed Loan- 2 year fixed rate variant|
|Top up for existing customers||8.65% to 9.15%|
|Top up for new customers||As per home loan slab|
HDFC Home Loan overdraft facility is available for select customers. HDFC MaxVantage Home loan comes with drop line overdraft facility where in borrowers can park their surplus funds in the bank account and reduce principal for interest calculation. The rate of interest is basis your credit score and loan requirement.
Home Loans are long term commitments. So, before applying for HDFC Ltd Home Loan, compare HDFC Home Loan interest rates offered by other top banks.
Given the current economic fluctuations, HDFC Bank has understood the assistance that their customers today are looking for. Keeping this in mind, HDFC has reduced the interest rates on their home loans by 0.2% as compared to April 2022. Now HDFC is one of the most beneficial and satisfactory options in the market to opt for a HDFC home loan with rates starting at 6.90% and more concessions and discounts for women. Let’s take a look at the past trends of the interest rates of the bank:
|Last Revised Date||Lowest Home Loan Interest Rate of HDFC||Rate Difference|
|28 Apr, 2021||6.95%||▼-0.2%|
|08 Apr, 2021||6.70%||▲0.05%|
|01 Apr, 2021||6.70%||▲0.05%|
|31 Mar, 2021||6.70%||▲0.05%|
|05 Mar, 2021||6.90%||▼-0.15%|
|12 Jan, 2021||6.80%||▼-0.05%|
|09 Oct, 2020||6.90%||▼-0.15%|
|19 Sep, 2020||7.00%||▼-0.25%|
|24 Aug, 2020||7.00%||▼-0.25%|
If you wish to transfer your HDFC home loan to another category of home loan, here are some balance transfer charges you need to be considering before making the final decision:
|Particulars||Salaried||Self-employed Professionals||Self-employed Non-professionals|
|Special Home Loan Rates||6.90% to 7.30% p.a.*||7.10% to 7.30% p.a.*||7.10% to 7.30% p.a.*|
|Home Loan Interest Rates||6.90% p.a. to 7.85% p.a.||7.10% p.a. to 7.85% p.a.||7.10% p.a. to 8.00% p.a.|
|Loan Tenure||20 years||20 years||20 years|
|Processing Fees||Up to 0.5% of the loan amount||Up to 0.5% of the loan amount||Up to 1.50% of the loan amount|
In addition, also keep a note of the other charges associated with the Home loan services by HDFC
|Other Charges And Fees|
|External Opinion Fees||If you wish to seek technical assistance from the experts of the bank or the advocates an amount is directly charged and paid considering the scope of assistance rendered by the person.|
|Delayed Payments Charges||If you due to any reason are unable to meet the duly payment timelines as specified in your tenure, you will be charged an additional interest that goes upto 24% per annum on the amount that is considered as a delayed overdue.|
|Statutory / Regulatory Charges||If you take a loan from HDFC, you are required to pay all applicable charges related to stamp duty / MOD / MOE / Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) or such other statutory/regulatory bodies, and applicable taxes.|
|Re-Appraisal Of Loan After 6 Months From Sanction||This goes up to INR 2,000/- along with additional taxes|
|Increase / Decrease In Loan Term||This goes up to INR 500/- along with additional taxes|
The effective rate of interest of your HDFC Home Loan is determined according to HDFC Ltd internal costs of raising new funds.
Loan amount: The rate of interest will vary as per the amount of loan.
Type of borrower: Women applicants are eligible for 5 bps rate concession. When you apply with co-applicants, risk premium of your profile reduces and thus you can seal a better deal.
Product chosen: The rate of interest will also vary according to product chosen. For example, interest rates for Adjustable Home Loans are lower than interest rates for TruFixed Home Loans.
Besides factors like borrower's occupation, income, repayment capacity, type of property and existing relationship with the bank will also impact effective interest rate.
You can use HDFC Home loan interest rate calculator and calculate the effective rate of interest instantly online. The rate of interest is decided as per lender’s internal policy.
Use HDFC Home Loan EMI Calculator to evaluate tentative EMI for the housing finance. Using calculator before applying for home loan better plan your finances.
|Loan Amount||10 years||20 years||30 years|
|Rs.20 lakh||Rs. 22,761||Rs. 14,970||Rs. 12,707|
|Rs.30 lakh||Rs. 34,141||Rs. 22,456||Rs. 19,061|
|Rs.40 lakh||Rs. 45,521||Rs. 29,941||Rs. 25,414|
|Rs.50 lakh||Rs. 56,901||Rs. 37,426||Rs. 31,768|
|Rs.60 lakh||Rs. 68,282||Rs. 44,911||Rs. 38,122|
For EMI calculation purpose, flat rate of Interest @ 6.55% p.a. is considered. The calculation is indicative only. Your EMI schedule will vary as per rate of interest offered to you.
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There are two options to choose from: 1) HDFC Adjustable Rate Home Loan (ARHL): This is floating rate or a variable rate home loan variant from HDFC Ltd. The rate of interest is linked to HDFC’s internal benchmark i.e. Retail Prime Lending Rate (RPLR). So rate will change following the change in HDFC’s RPLR. 2) HDFC TruFixed Loan: This is combo rate home loan variant from HDFC. Herein, home loan interest rate will be fixed for initial 2 years and switch automatically to then applicable Adjustable Rate Home Loan.
HDFC bank sources home loans through HDFC Ltd. The balance transfer loans are offered with parallel benefits as offered on fresh home loans. Currently HLBT interest rates are starting at 8.10% for the maximum of 30 years. By transferring your home loan to HDFC you can reduce rate of interest and adjust EMIs as required.
Yes, you can transfer your existing housing loan with a hassle-free process to HDFC. By availing a Home Loan transfer you can save interest and set down lower EMIs.
The maximum tenure for HDFC Bank Home Loan is 30 years. The minimum EMI per lakh for 30 years
will be Rs 741.
Yes. You can use HDFC Home loan interest rate calculator to instantly evaluate applicable interest rate on your housing loan application. The eligibility for current home loan interest rate of HDFC bank can also be assessed according to card rates mentioned on the website.
There is no foreclosure charge on HDFC floating rate home loan. During fixed interest rate regimes, the foreclose charge will be up to 2% per month. The applicable charges are clearly communicated during loan approval process.
Yes, tax benefit is applicable on Home Loan from HDFC Bank as per the Indian Income Tax Act 1961. Under section 24 and section 80C of the act, all Indian residents are eligible for a tax benefit on the repayment of interest component (up to Rs. 2 Lakhs) and principal amount (up to Rs. 1.5 Lakhs).
The benchmark applicable for a HDFC housing loan is Prime Lending Rate (PLR)
In case, your spouse or family members have a stable income source, you can make them as a co-applicant of the loan. Hence the combined earnings of applicants will increase the loan amount eligibility and promise a good HDFC housing loan interest rate.