|Loan amount||Up to 90% of Property Value|
|Rate of interest||6.75% onwards|
|Tenure||Up to 30 years|
|Lowest EMI possible||Rs. 649 Per Lakh|
|Processing fee||Maximum of Rs. 3000|
|Foreclosure Charges||Nil for floating rates|
|Penal Interest Rate||2% per month|
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 Loan||Interest rate applicable|
|Home Loan for Purchase of New Home||6.75% - 7.25%|
|Home Loan for Purchase of Resale Homes||6.75% - 7.25%|
|Home Loan for Construction of Houses||6.75% - 7.25%|
|Home Loan Balance Transfer||6.75 onwards|
|Home Improvement Loans||6.75% - 7.50%|
|Home Extension Loans||6.75% - 7.50%|
|Plot Loans||7.05% - 7.60%|
|HDFC NRI/PIO Home Loan||As per risk profile|
|HDFC Pre-Approved Loan Scheme||6.75% - 7.25%|
|Short Term Bridging Loans||7.90 – 8.40%|
|Rural Housing Finance||6.75%- 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 Reach||8.75% onwards|
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
Fees and charges associated with the HDFC Home Loans are:
|HDFC Home Loan: Fees & Charges|
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 Charges||NIL for floating rates|
Fixed Home Loan: Up to 2%.
|Delayed payments||Up to 2% per month|
|PDC swap||Rs. 200|
|Check dishonour||Rs. 200|
|Copy of documents||Rs. 500|
|List of documents||Rs. 500|
|Re-appraisal of loan (only after 6 months of sanction)||Rs. 2,000|
|Disbursement cheque cancellation||Rs. 200|
|Increase/ decrease in loan term||Rs. 500|
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:
Here is a quick list of documents that are required to be submitted/ uploaded with your HDFC Home Loan application.
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
For New Homes:
For Resale Homes:
Get detailed list of HDFC Home loan documents for different profiles- salaried, self-employed, NRI here: Documents Required for HDFC Home Loan
HDFC Ltd offers customised Home Loan for resident as well non-resident Indians.
Let’s explore different types of HDFC Housing Loans:
Let’s compare HDFC home loan rates with ROI offered by other banks-
|Lender||Maximum Loan Amount||Interest Rate||Processing Fee|
|HDFC Home Loan||Up to 90% of property cost||6.75% - 7.65%||Up to 0.50% or Rs. 3000 (whichever is higher) + applicable taxes|
|ICICI Bank Home Loan||Up to 90% of property cost||6.75% - 7.55%||0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST|
|SBI Home Loan||Up to 90% of property cost||6.75% - 8.05%||Up to 0.50% + applicable GST|
|Axis Bank Home Loan||Rs. 5 Crores||6.90% - 8.40%||Up to 1%, minimum Rs.10,000|
|Bank of Baroda Home Loan||Rs. 10 Crores||6.75% - 8.60%||Up to 0.50% (minimum Rs. 8,500 & maximum Rs. 25,000)|
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.
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.
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 Amount||10 years||20 years||30 years|
|Rs.20 lakh||Rs. 23,170||Rs. 15,446||Rs. 13,239|
|Rs.30 lakh||Rs. 34,755||Rs. 23,169||Rs. 19,858|
|Rs.40 lakh||Rs. 46,340||Rs. 30,892||Rs. 26,478|
|Rs.50 lakh||Rs. 57,925||Rs. 38,615||Rs. 33,097|
|Rs.60 lakh||Rs. 69,511||Rs. 46,338||Rs. 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 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 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:
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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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.
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.
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.
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.
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.
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.
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.
A lot of factors impact your Home Loan eligibility. The key eligibility factors are as follows:
Transferring existing Home Loan to HDFC has many benefits:
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.
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.
To improve Home Loan eligibility, use following tips:
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.
Yes, HDFC is one of the financial institutions that implement the Pradhan Mantri Awas Yojana.
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.
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 Amount||LTV % - Maximum Sanction Amount |
(subject to the market value of the property & repayment capacity of the borrower)
|Up to Rs. 30 Lakh||90% of the property value|
|Above Rs. 30 Lakh & up to Rs. 75 Lakh||80% of the property value|
|Above Rs. 75 Lakh||75% of the property value|
Use following tips to secure the lowest Home Loan Interest Rate from HDFC Ltd: