HDFC Home Loan Interest Rate

HDFC Home Loan Interest Rates 2024 promises the most competitive home loan interest rates ranging between 8.75% - 9.65%p.a. Pay the lowest EMI of Rs 834 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 2024!

Best Home Loan Offers Starting @8.50% p.a.


You are just a few clicks away from the best Home Loan offer in your city. Currently home loan interest rate starts at 8.50% p.a for all loan amounts. Share your name, mobile number & email to check your eligibility and get a list of most affordable home loan schemes.

Best Home Loan Offers Starting @8.50% p.a.


HDFC Home Loan Interest Rates - 2024

Currently HDFC home loan interest rates start at 8.75% - 9.65% 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.


Retail Prime Lending Rate: 18.55%

Loan SlabInterest Rates (% p.a.)
For Credit Score of 800 & above8.55%
For others8.55% - 9.00%


Retail Prime Lending Rate: 18.30%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)9.05% - 9.55%
For Others* (upto 30 Lakhs)9.10% - 9.60%
For Women* (30.01 Lakhs to 75 Lakhs)9.30% - 9.80%
For Others* (30.01 Lakhs to 75 Lakhs)9.35% - 9.85%
For Women* (75.01 Lakhs & Above)9.40% - 9.90%
For Others*(75.01 Lakhs & Above)9.45% - 9.95%

Top Up Loans Interest Rates

Loan Slab (Outstanding Home Loan + Top Up Loan)Interest Rates (% p.a.)
Top Up Loan for Existing customers9.35% - 9.50%

Also Check: HDFC Home Loan Cibil Score

HDFC Bank 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 8.75% - 9.65% p.a. The typical HDFC home loan Interest rates start from 8.75% - 9.65% p.a. for ladies and 9.30% 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 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 Bank new Home Loans. The lowest home loan balance transfer interest rate is 8.55% 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 customers9.35% to 9.50%
Top up for new customersAs per home loan slab
Top Up Home Loan Interest Rates –floating- For Salaried (Standard rates)
Top up for existing customers8.80% to 9.05%
Top up for new customersAs per home loan slab
TruFixed Loan- 2 year fixed rate variant
Top up for existing customers9.35% to 9.50%
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 an HDFC Bank Home Loan, compare HDFC Home Loan interest rates offered by other top banks.

Bank/NBFCInterest RateProcessing Fee
SBI Home Loan8.50% - 10.05%Up to 0.35% + GST
ICICI Bank Home Loan8.75%0.50% - 2% + GST
HDFC Home Loan8.75% - 9.65%Up to 0.50% + applicable taxes
Axis Bank Home Loan8.75% - 9.10%Up to 1% +GST
Kotak Home Loan8.70%Up to 0.50% +GST

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
Home Loan Interest Rates8.50% p.a. to 9.00% p.a.8.50% p.a. to 9.00% p.a.8.50% p.a. to 9.00% 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

home loan for dream home

Factors affecting HDFC Bank Home Loan Interest Rates

The effective rate of interest of your HDFC Home Loan is determined according to HDFC Bank 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.

Apply for Lowest Home Loan Online @ Rs. 769/Lakh* EMI

Apply for instant home loan online at Interest Rate starting from as low as 8.50% p.a. Pay EMI of just Rs. 769 per Lakh. Loan can be repaid in flexible tenure of up to 30 years. Apply now with minimal documentation. Check eligibility & get instant approval here.

HDFC Home Loan Interest Rate FAQs

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


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 Bank. 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 Bank?


HDFC bank sources home loans through HDFC Bank. The balance transfer loans are offered with parallel benefits as offered on fresh home loans. Currently HLBT interest rates are starting at 8.75% - 9.65% 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?


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?


The maximum tenure for HDFC Bank Home Loan is 30 years. The minimum EMI per lakh for 30 years
will be Rs 834.

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


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?


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?


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?


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

✅ How to increase my eligibility for HDFC Home Loan?


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.