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HDFC Home Loan Interest Rate

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! .

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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 AmountFor WomenFor Others
Up to Rs. 30 Lakhs8.10% - 8.60%8.15% - 8.65%
Rs. 30.01 Lakhs to Rs. 75 Lakhs8.35% - 8.85%8.40% - 8.90%
Rs. 75.01 Lakhs or Above8.45% - 8.95%8.50% - 9.00%

HDFC Retail Prime Lending Rate is 17.45%

Rural Housing Loans Interest Rates

Loan SlabHome 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

Top Up Loans Interest Rates

Loan Slab (Outstanding Home Loan + Top Up Loan)Interest Rates (% p.a.)
Top Up Loan for Existing customers8.70 - 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 Ltd Home Loan Interest Rates for all Schemes in India 

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 SchemesInterest Rates
HDFC Home Loan8.10% p.a.* to 9% p.a.
HDFC Rural Housing Loan8.10% p.a. to 9.85% p.a.
HDFC Home Improvement Loan8.10% p.a. to 9% p.a.
HDFC Home Extension Loan8.10% p.a. to 9% p.a.
HDFC Home Loan Top Up8.70% p.a. to 9.20% p.a.
HDFC Plot Loan8.10% p.a. to 9% p.a.
HDFC Home Loan Balance Transfer8.10% p.a. to 9% p.a.
HDFC NRI Home Loan8.10% p.a. to 9% p.a.
HDFC Reach Home Loan8.75% p.a. to 14% p.a.

HDFC Home Loan Interest Rates for Balance Transfer, Top Up & Overdraft

HDFC Home Loan Balance Transfer

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.

HDFC Home Loan Top Up

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

CategoryRate of Interest
Top Up Home Loan Interest Rates – floating- For Salaried (Special rates)
Top up for existing customers8.70% to 9.20%
Top up for new customersAs per home loan slab
Top Up Home Loan Interest Rates –floating- For Salaried (Standard rates)
Top up for existing customers8.25% to 9.05%
Top up for new customersAs per home loan slab
TruFixed Loan- 2 year fixed rate variant
Top up for existing customers8.65% to 9.15%
Top up for new customersAs per home loan slab

HDFC Home Loan Overdraft facility

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. 

Compare HDFC Home Loan Interest Rate with Top Banks

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.

Bank/NBFCInterest RateProcessing Fee
SBI Home Loan8.05% - 9.05%Up to 0.50% + GST
ICICI Bank Home Loan8.85% - 8.95%0.50% - 2% + GST
HDFC Home Loan8.10% - 9.0%Up to 0.50% + applicable taxes
Axis Bank Home Loan7.60% - 7.95%Up to 1% +GST
Kotak Home Loan7.95% -  9.30%Up to 2.00% +GST

HDFC Home Loan Rate Trends 

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 DateLowest Home Loan Interest Rate of HDFCRate Difference
28 Apr, 20216.95%▼-0.2%
08 Apr, 20216.70%▲0.05%
01 Apr, 20216.70%▲0.05%
31 Mar, 20216.70%▲0.05%
05 Mar, 20216.90%▼-0.15%
12 Jan, 20216.80%▼-0.05%
09 Oct, 20206.90%▼-0.15%
19 Sep, 20207.00%▼-0.25%
24 Aug, 20207.00%▼-0.25%

HDFC Home Loan Balance Transfer Interest Rates

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:

ParticularsSalariedSelf-employed ProfessionalsSelf-employed Non-professionals
Special Home Loan Rates6.90% to 7.30% p.a.*7.10% to 7.30% p.a.*7.10% to 7.30% p.a.*
Home Loan Interest Rates6.90% 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 Tenure20 years20 years20 years
Processing FeesUp to 0.5% of the loan amountUp to 0.5% of the loan amountUp 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 FeesIf 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 ChargesIf 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 ChargesIf 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 SanctionThis goes up to INR 2,000/- along with additional taxes 
Increase / Decrease In Loan TermThis goes up to INR 500/- along with additional taxes 

Factors affecting HDFC Bank Home Loan Interest Rates

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.

How to Calculate HDFC Home Loan Interest Rates?

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.

HDFC Home Loan EMI Calculation

Loan Amount10 years20 years30 years
Rs.20 lakhRs. 22,761Rs. 14,970Rs. 12,707
Rs.30 lakhRs. 34,141Rs. 22,456Rs. 19,061
Rs.40 lakhRs. 45,521Rs. 29,941Rs. 25,414
Rs.50 lakhRs. 56,901Rs. 37,426Rs. 31,768
Rs.60 lakhRs. 68,282Rs. 44,911Rs. 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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HDFC Home Loan Interest Rate FAQs

✅ What are Different Types of HDFC Home Loan Interest Rates?

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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. 

✅ What is the Benefit of Transferring My Home Loan to HDFC ltd?

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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.

✅ Can I Transfer my Home Loan from Another Bank to HDFC Bank?

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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.

✅ What is the Maximum Loan Repayment Tenure one can opt under HDFC house loan?

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The maximum tenure for HDFC Bank Home Loan is 30 years. The minimum EMI per lakh for 30 years
will be Rs 741.

✅ Can I Calculate the Interest Rate for HDFC Home Loan?

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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.

✅ What are the charges/ fees for foreclosure of HDFC Home loan?

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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. 

✅ Do I get an income tax benefit on Home Loan from HDFC Bank?

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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).

✅ What is the benchmark applicable for a housing loan with HDFC Bank?

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The benchmark applicable for a HDFC housing loan is Prime Lending Rate (PLR)

✅ How to increase my eligibility for HDFC Home Loan?

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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.