HDFC Home Loan Details

Loan amountUp to 90% of Property Value
Rate of interest6.75% onwards
TenureUp to 30 years
Lowest EMI possibleRs. 649 Per Lakh
Processing feeMaximum of Rs. 3000
Foreclosure ChargesNil for floating rates
Penal Interest Rate2% per month

HDFC Home Loan Features

  • Currently HDFC Home Loan Interest Rates start from 6.75% p.a
  • Special offers for salaried, self-employed, NRIs & Army personnel. .
  • Funding for purchase or construction of up to 90% cost.
  • Flexible EMIs & extended tenor of 30 years.
  • Special offers for women applicants.
  • No guarantor is required.
  • Lowest EMI is Rs. 649 per lakh & max processing fee is Rs. 3000.

HDFC Home Loan Benefits

  • Paperless home loans for purchase, construction or renovation of land, apartment or villa.
  • Special schemes for Indian Army Personnels with Army Group Insurance Fund (AGIF). 
  • Multiple schemes for affordable home segment besides regular home loans in all ticket sizes. 
  • Nominal processing fee at flat Rs 3000. 
  • Quick approval and fast processing.
  • Instant provisional sanction for 6 month.
  • Doorstep assistance for customers.
  • Minimum documentation and transparent terms & conditions.
  • Hassle free post disbursal services. Use HDFC home loan login id & password to register your account for internet & mobile banking benefits. 

HDFC Home Loan Interest Rates

HDFC Home Loan current rate of interest starts from 6.75% p.a. Compare rate of interest for various HDFC Ltd home loans using following table on ROI of HDFC Home loan for different schemes:

Type of HDFC Home LoanInterest rate applicable
Home Loan for Purchase of New Home6.75% - 7.25%
Home Loan for Purchase of Resale Homes6.75% - 7.25%
Home Loan for Construction of Houses6.75% - 7.25%
Home Loan Balance Transfer6.75 onwards
Home Improvement Loans6.75% - 7.50%
Home Extension Loans6.75% - 7.50%
Plot Loans7.05% - 7.60%
HDFC NRI/PIO Home LoanAs per risk profile
HDFC Pre-Approved Loan Scheme6.75% - 7.25%
Short Term Bridging Loans7.90 – 8.40%
Rural Housing Finance6.75%- 8.45%
Pradhan Mantri Awas Yojana (PMAY)As per the credit risk profile
Home Loan in Collaboration with the Army Group Insurance Fund (AGIF)As per the credit risk profile
HDFC Reach8.75% onwards
Top Up

New Customer: As per home loan slab

Existing Customer: 8.30% onwards

View & compare details of HDFC Home loans for different profiles like salaried, self-employed, women applicants here: HDFC Ltd Home Loan Interest Rates

HDFC Home Loan Processing Fee & Charges

Fees and charges associated with the HDFC Home Loans are: 

HDFC Home Loan: Fees & Charges
Processing fees

Salaried & self-employed professionals: Up to 0.50%, max of Rs. 3000 

Self-employed non-professionals: Up to 1.50%, max of Rs. 4,500

Prepayment ChargesNIL for floating rates
Fixed Home Loan: Up to 2%.
Delayed paymentsUp to 2% per month
PDC swapRs. 200
Check dishonourRs. 200
Copy of documentsRs. 500
List of documentsRs. 500
Re-appraisal of loan (only after 6 months of sanction)Rs. 2,000 
Disbursement cheque cancellationRs. 200
Increase/ decrease in loan termRs. 500

HDFC Home Loan Eligibility Criteria

Eligibility for HDFC Home Loan will vary according to your income, age, credit score, monthly fixed financial obligations like EMIs, credit history, retirement age and job/employment stability or business continuity. Before applying for HDFC Home Loan, consider following criteria:

  • You should have a fixed & stable source of income.
  • The age should be between 21 to 65 years.
  • For affordable housing loans, minimum salary should be Rs. 10,000 per month & business annual income should be Rs. 2 Lakhs.
  • The applicant should have good credit score & credit history. 
  • Based on your existing financial obligations like EMIs, credit card bills etc., eligibility for HDFC home loan is determined.

Documents Required for HDFC Home Loan

Here is a quick list of documents that are required to be submitted/ uploaded with your HDFC Home Loan application. 

  • Recent coloured passport size photographs of all co-applicants. 
  • Duly filled & signed application form.

KYC documents: 

PAN & copy of any one of the following documents-

Identity Proof: Aadhar Card/ Passport/ Driving License/ Voter ID Card

Address Proof: Aadhaar Card/ Passport/ Latest utility bill like Electricity, Water or Gas Bill/ Registered Rent Agreement/ Lease Agreement etc

Proof of Income:

  • Salary Slips for last three months.
  • Bank Statements showing salary credits for last six months.
  • Latest Form-16 & IT returns
  • Proof of business continuity for last 3 years.

Property documents

For New Homes:

  • Allotment Letter / Buyer Agreement
  • Receipt(s) of payment (s) made to developer

For Resale Homes:

  • Title Deeds including chain of previous property documents
  • Receipt(s) of initial payment(s) made to seller
  • Agreement to sell (if applicable)

For Construction:

  • Plot’s Title Deeds
  • No encumbrance certificate
  • Copy of plan as approved by Local Authorities
  • Construction estimate by an Architect or Civil engineer

Income documents-

Salaried Individuals:

  • Salary slips of last 3 months 
  • Bank statements showing salary credits & EMI debits for last 6 months
  • Latest Form 16 and ITR

Self Employed:

  • Bank Statement for business as well as individual for past 1 year
  • Business existence proof 
  • Individual as well as Business’ copy of ITR for last 3 years
  • Company registration license under Shop and Establishment Act
  • Individual as well as business’ Computation of Income, Profit & Loss Account, Audit Report, Balance Sheet, etc.

Other documents-

  • Past repayment record + sanction letter for existing loan(s) 
  • Cheque for processing fee

Get detailed list of HDFC Home loan documents for different profiles- salaried, self-employed, NRI here: Documents Required for HDFC Home Loan

HDFC Home Loan Schemes & Offers

HDFC Ltd offers customised Home Loan for resident as well non-resident Indians. 

Let’s explore different types of HDFC Housing Loans:

HDFC Home Loans- for Purchase of New Residential Units

  • Home loan for purchase of a new house from a private developer or housing development authorities.
  • Both salaried & self-employed can apply for HDFC Home Loans.
  • Maximum repayment tenure is 30 years for Telescopic Repayment under Adjustable Rate Home Loan.
  • Loan amount can vary from 75% to 90% of property value. The margin ranges from 10% to 25%.
  • Flexible repayment options are available.

HDFC Home Loans- For Purchase of Resale Homes

  • Home loan for the purchase of resale property under a co-operative housing society or apartment owners' association or development authority, or a privately built home.
  • Repayment tenure & margin terms are same as regular home loan.

HDFC Home Loan for Construction of Houses

  • Loan for funding construction of a home on a freehold plot or a plot allotted by Development Authority.
  • Home loan can be applied with co-applicant(s) to enhance eligibility.
  • Repayment options, eligibility criteria and margin requirement are similar to home loan for new and pre-owned houses.

HDFC Home Loan Balance Transfer

  • HDFC Home Loan Transfer lets you surrender previous loan and transfer home loan balance to HDFC Ltd.
  • No maximum limit for balance transfer.
  • Top-up with HDFC home loan transfer is capped at Rs. 50 Lakhs.
  • Past credit history, market value of property and repayment capacity will determine eligibility.
  • Margin requirements are same as regular Home Loan.
  • Maximum tenure allowed under HLBT is 20 years. 
  • Extension up to 30 years is allowed only for Telescopic Repayment Option under Adjustable Rate Home Loan.

HDFC Home Improvement Loans

  • Housing loan for home improvement, repair or renovation.
  • Available to existing as well as new customers.
  • Maximum tenure of 15 years.
  • Existing customers can avail of 100% of the estimated costs subject to the market value of the property. LTV ratio up to 75% to 90%.
  • Margin for new customers- 10% to 25% of market value of property.

HDFC Home Extension Loans

  • Loan for extension of residential unit such as adding a room or constructing additional floor(s), subject to approval from concerned authority.
  • Max tenure of 20 years.
  • Loan terms depend on construction estimate.
  • Margin of 10% to 25%, depending on loan amount & market value of property.

HDFC Plot Loans

  • Loan for purchasing a residential land/ plot through direct allotment or resale.
  • Other lender’s plot loan transfer is allowed. 
  • The maximum loan tenure is 15 years.
  • Margin capping is 20% to 25% of the property cost: 20% for loans up to Rs. 75 Lakhs and 25% for loans over Rs. 75 Lakhs. 
  • In case the plot is located outside city limits, higher margin of 30% can be placed.
  • Eligibility criteria & repayment options are similar to other HDFC Home Loan variants.

HDFC NRI Home Loan

  • Home Loan for Non-Resident Indians (NRIs), Person of Indian Origin (PIO) and Overseas Citizen of India (OCI).
  • Housing finance for NRIs living in the Middle East Countries, Singapore, the United Kingdom and many other places.
  • Home loan advisory services available in resident countries.
  • HDFC Ltd also provides property search advisory services.
  • Home loan can be availed to purchase property located anywhere in India where HDFC has an office.
  • Merchant Navy personnel can also avail this facility.
  • The maximum repayment tenure is 20 years. 
  • You can use the Tranche-Based EMI option.

HDFC Pre-Approved Loan Scheme

  • All eligible borrowers can avail Pre-Approved Home Loan from HDFC i.e. a letter of provisional sanction for a few months. 
  • Pre-approved home loan sanction helps to negotiate better deals with builders. 
  • Loan is approved as you share details of property. 
  • Regular terms & conditions apply.

Short Term Bridging Loans

  • Home Loan to buy a new residential unit while waiting for the sale of your existing home.
  • Repayment is through monthly instalments of simple interest with lump sum repayment at the end of the term.
  • The maximum loan tenure period is 2 years.
  • The margin is 20% of the property cost for loans up to Rs. 75 Lakhs and 25% of the property cost for loans above Rs. 75 Lakhs.

HDFC Rural Housing Finance

  • Home loan for purchase, construction, renovation of homes in rural areas by people residing in rural areas/ villages.
  • Categories eligible to apply:  Agriculturists, planters, horticulturists, dairy farmers and so on.
  • Salaried and self-employed individuals can also avail of this loan to purchase or construct residential property in their village.
  • Agriculturists need not mortgage their agricultural land for availing Home Loan under this scheme. They need not submit IT returns. 
  • Maximum loan tenure is 20 years for all agriculturists.
  • The margin requirement is 10% to 25% of the property cost.

HDFC Pradhan Mantri Awas Yojana

  • PMAY is the pilot home loan subsidy schemed offered by the Government of India.
  • HDFC is one of the institutional lenders that can lend to beneficiaries under this Credit-Linked Subsidy Scheme.
  • The maximum interest subsidy available in PMAY is 2.67 Lakhs.
  • People from the Economically Weaker Sections (EWS), Lower Income Group (LIG), and Middle Income Group (MIG-I and MIG-II) not owning residential property in their names/ or in the names of immediate family members are eligible for interest rate subsidy on home loan under PMAY.

In Collaboration with Army Group Insurance Fund (AGIF)

  • Armed Forces Personnel can avail finance from HDFC in addition to the borrowing from the AGIF for purchase or construction of houses.

HDFC Reach

  • This is affordable home loan scheme by HDFC. 
  • All benefits applicable as under regular home loans.
  • The borrower should have a minimum salary of Rs. 10,000 per month or an annual income of Rs. 2 Lakhs in case of self employed individuals.
  • Maximum tenure is 30 years for Home Loans, home extension loans and re-finance home loans under the category. Other home loan variants are capped at 15 years.
  • The margin requirement is 20% for Home Loans, home extension loans, home improvement loans, and top-up loans. It is 40% for non-residential premises and plot loans and 50% for Loan against Property.
  • This product is a 3-year fixed rate variant under the TruFixed Home Loan category.
  • Rate of interest will vary as per repayment capacity and loan tenants. 

HDFC Home Loan Comparison with Other Lenders

Let’s compare HDFC home loan rates with ROI offered by other banks-

LenderMaximum Loan AmountInterest RateProcessing Fee
HDFC Home LoanUp to 90% of property cost6.75% - 7.65%Up to 0.50% or Rs. 3000 (whichever is higher) + applicable taxes
ICICI Bank Home LoanUp to 90% of property cost6.75% - 7.55%0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST
SBI Home LoanUp to 90% of property cost6.75% - 8.05%Up to 0.50% + applicable GST
Axis Bank Home LoanRs. 5 Crores6.90% - 8.40%Up to 1%, minimum Rs.10,000
Bank of Baroda Home LoanRs. 10 Crores6.75% - 8.60%Up to 0.50% (minimum Rs. 8,500 & maximum Rs. 25,000)

HDFC Pradhan Mantri Awas Yojana (PMAY) Subsidy 2021

Pradhan Mantri Awas Yojana (PMAY) is a credit linked subsidy scheme launched by the Indian Government. The scheme allows beneficiary to save up to Rs 2.67 with interest subsidy up to 6.50% p.a. The scheme envisages pucca houses ownership for all Indians by 2022. Thus, the scheme is open for first ever purchase of pucca house by the family. The benefits are offer under 4 categories- LIG, EWS, MIG 1 & MIG 2.

The deadline for MIG1 & MIG2 benefits expired on March 2021, while the benefits under affordable housing are available till March 2022. HDFC Home Loan customers can apply online for credit linked subsidy.

How to Calculate HDFC Home Loan EMI? 

You can instantly calculate HDFC Home Loan EMI using an online Home Loan EMI Calculator on MyMoneyMantra platform. All you have to do is fill up loan details like the loan amount, rate of interest, and the loan tenure. You will instantly get the EMI schedule along with the comprehensive amortisation table.

HDFC Home Loan EMI Calculation

To help you compare home loan EMIs for HDFC Home Loan, sharing below EMI Calculation for Rs 10 Lakh to Rs 70 Lakh amount for 10, 20 & 30 years at lowest rate of 6.75 p.a. The EMI will certainly change during the year as the home loan rate resets during the loan period.

Loan Amount10 years20 years30 years
Rs.20 lakhRs. 23,170Rs. 15,446Rs. 13,239
Rs.30 lakhRs. 34,755Rs. 23,169Rs. 19,858
Rs.40 lakhRs. 46,340Rs. 30,892Rs. 26,478
Rs.50 lakhRs. 57,925Rs. 38,615Rs. 33,097
Rs.60 lakhRs. 69,511Rs. 46,338Rs. 39,717

Furthermore, you can also use HDFC home loan eligibility Calculator to assess the loan amount eligibility for your profile. Share income, existing liabilities and tentative EMI for the calculation.

HDFC Ltd Home Loan Repayment options

HDFC offers multiple repayment options to the customers. You get flexibility to repay the loan as per your current financial health. You can choose from any of the following methods of payments.

SURF (Set Up Repayment Facility): Here, the borrower will pay lower EMIs in the initial years of the loan. The size of EMI increases after few years. Thus, it is suitable for young borrowers who can shoulder responsibility in proportion to advancement of their career.

FLIP (Flexible Loan Instalments Plan): This again is a customised repayment option. Your home loan EMI will be higher in initial years and decreases in the later stage. 

Tranche Based EMI: This is ideal when loan is availed of for the purchase of under constructed property. You will service interest only EMI until the final disbursement of the loan.

Accelerated Repayment: This scheme enables you to increase your EMI according to your finances or increase in income. Periodic advance payment leads to faster loan repayment. 

Telescopic Repayment: This is an option where you choose the maximum tenure for loan i.e. 30 years, resulting in enhanced loan eligibility and lower EMIs.

HDFC Home Loan Customer Care

HDFC has designated dedicated home loan helplines for Customers Care.

New Delhi - 18002100018, 011-64807999

Mumbai- 18002100018, 022-64807999

For information on Home Loan- SMS "HDFCHOME" to 56767

Helpline numbers differ from city to city. You can get this information on the official website of HDFC.

Give a missed call to 09289200017 from your registered mobile number. A home loan executive will call you back.

You can also write your concerns directly on the link: 

https://www.hdfc.com/write-to-us/service-request

Corporate Office:

HDFC House, H T Parekh Marg, 

165-166, Backbay Reclamation, 

Churchgate, Mumbai - 400 020.

Working Days: Monday to Friday

Working Hours: 9:30 am to 5:15 pm

Tel:  +91 (22) 66316000 

Fax: +91 (22) 22046834

For Housing Loans in Mumbai

+91 (22) 66636000

Alternatively, use missed call or SMS Service to get the customer care support.

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Best Value Home Loans

MyMoneyMantra is India’s largest phygital loan distributor. With trust of 70 lakh customers, we assure hassle free access to the best Home Loans up to 10 crore for housing loan borrowers in India. Our service is 100% free. We use latest technology and AI to serve customers across the length & breadth of our diverse country. Check Eligibility & Apply.

HDFC LTD Home Loan FAQs

✅ What is charge for HDFC home loan interest rate conversion?

Existing customers can convert their Home Loans for lower rate at a nominal fee. The conversion fee will be 0.25% on outstanding or Rs 5000 whichever is lower for fully disbursed loans. However, in partly disbursed loans, and also during the fixed tenor, an upfront conversion fee of 1.75% on principal outstanding + undisbursed amount and taxes will be applicable.

✅ Is HDFC home loan processing fee refundable?

The processing fee is not refundable after the disbursal of the loan. Currently processing fee for salaried employees is 0.50% of the loan amount or Rs. 3,000 (whichever is higher) and for self-employed it is up to 1.50% of the loan amount or Rs. 4,500 + taxes.

✅ How much HDFC home loan can I get on my salary?

The cost of property, existing liabilities and take Home Salary are some of the important factors that determine your home loan eligibility. The minimum salary requirement for HDFC Home Loan is Rs. 18000 for regular home loans and Rs 10000 for low ticket home loans. The EMI should be below 50% of the take home salary.

✅ Who provides Home Loan – HDFC Bank or HDFC Ltd.?

HDFC Ltd offers Home Loans and have served more than 8 million customers in India. HDFC Ltd is the Housing Finance Company, a subsidiary of HDFC Bank. 

✅ What is the current HDFC Home Loan Rate?

Currently HDFC offers Home Loan Interest Rates starting from 6.75% p.a as part of its special scheme. Basis your income, age, loan requirement, credit history and property value the effective rate will be determined.

✅ How to check principal outstanding in HDFC Home Loan?

You can check HDFC Home Loan Statement online by visiting HDFC website. Login with your bank account and download Provisional Home Loan Statement to check the outstanding principal.

✅ How does HDFC determine my Home Loan eligibility?

A lot of factors impact your Home Loan eligibility. The key eligibility factors are as follows:

  • Income
  • Age
  • Occupation
  • Co-applicant's income
  • Number of dependents
  • Repayment history
  • CIBIL Score
  • Value of property
  • Purpose of loan

✅ What are the benefits of transferring my Home Loan to HDFC?

Transferring existing Home Loan to HDFC has many benefits:

  • You can lock lower interest rate and save on EMIs each month.
  • The application can be initiated online without any hassles. 
  • You can also apply for top-up loan up to Rs 50 Lakhs.
  • HDFC offers flexible repayment options. Choose the one according to your repayment capacity.
  • Excellent customer support online as well as offline.
  • You can enjoy several post disbursal benefits on website or hdfc home loan app.

✅ Can you apply for HDFC Home Loan online?

Yes, you can apply for HDFC Home Loan online. The process will just take a few minutes to complete. Make sure you are ready with your documents before initiating the online application for HDFC Housing Loan. The application initiated on MyMoneyMantra will allow you to instantly apply directly through HDFC ltd website. 

✅ What is the minimum CIBIL score for a HDFC Home Loan?

It is always better to have an excellent CIBIL score before applying for a Loan as it helps in availing of a lower interest rate. Since Home Loans are secured loans, minimum CIBIL score should be 650.

✅ How do I improve my HDFC Home Loan eligibility?

To improve Home Loan eligibility, use following tips:

  • Close your existing Personal Loans and improve your net take-home pay.
  • Maintain an excellent repayment record.
  • Add a co-applicant with sufficient income.

✅ Is insurance compulsory when I avail of HDFC Home Loan?

No, insurance with Home Loan is not compulsory. However it is always advisable to take an insurance cover with a high ticket long term loan such as Home Loan. It offers financial protection and peace of mind to your family in case of any eventuality as the loan repayment will be taken over by the insurance company in case of death of the borrower.

✅ Does HDFC implement the Pradhan Mantri Awas Yojana?

Yes, HDFC is one of the financial institutions that implement the Pradhan Mantri Awas Yojana.

✅ Can foreign nationals avail HDFC Home Loan?

No. Only Non Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizen of India (OCIs) are eligible to apply for HDFC Home Loans. Merchant Navy personnel (only Indians) are also eligible to apply for HDFC Home Loans Schemes for NRIs.

✅ How Much Home Loan Can I Get on My Property (LTV) from HDFC?

HDFC Ltd offers Home Loans from 75% to 90% of the property’s market value, also known as Loan to Value (LTV) ratio. The loan amount will also vary as per the product chosen and credit policy of the bank. The LTV guidelines are: 

Loan AmountLTV % - Maximum Sanction Amount 
(subject to the market value of the property & repayment capacity of the borrower)
Up to Rs. 30 Lakh90% of the property value
Above Rs. 30 Lakh & up to Rs. 75 Lakh80% of the property value
Above Rs. 75 Lakh75% of the property value

✅ How to Get Lowest Home Loan Rates in India?

Use following tips to secure the lowest Home Loan Interest Rate from HDFC Ltd: 

  • Credit Score is the first check. Make sure your CIBIL score is at least 650 when you start the home loan application. A clean credit history will also improve interest rate quote.
  • When documents are in order, it is easier to establish your credibility. Make sure documents for identity, address, income and property ownership, are ready. 
  • Adding a co-applicant also improves your eligibility by regulating the application risk.
  • If a woman is a primary applicant you can further get concession on the home loan rate. 
  • Lower debt to income ratio also helps.
  • Always opting for higher down-payment and low LTV than available limit.