HDFC Regular Home Loan: The Complete Guide


Purchasing a home is a significant milestone in anyone’s life, symbolizing security, stability, and the realization of lifelong dreams. While many options exist when considering financial institutions for a home loan, the HDFC Regular Home Loan stands out as one of the most reliable and sought-after choices. In this comprehensive guide, we’ll dive deep into the HDFC Regular Home Loan, helping you understand why it might be the best fit for your home financing needs.

Introduction to HDFC Bank Regular Home Loans

HDFC Bank Home Loans capture the essence of creating memories, celebrating joys, and weathering life’s ups and downs, all in the comfort of your own space. With HDFC’s well-structured home loan options, you’re not just buying a place to live but carving out your own personal sanctuary.

“At HDFC Bank, we understand that a home is not just a place to stay. It is much more than that. It is a warm little corner of the world that is yours, tailored to your tastes and needs.”

Decoding Home Loan Interest Rates

HDFC’s Home Loan Interest Rates are benchmarked to the Policy Repo Rate, which currently stands at 6.50%. Here’s a breakdown:

  • Special Home Loan Rates for Salaried & Self Employed:
    • Interest Rate: Policy Repo Rate + 2.00% to 2.65% = 8.50% to 9.15%
  • Standard Home Loan Rates for Salaried & Self Employed:
    • Interest Rate: Policy Repo Rate + 2.25% to 2.90% = 8.75% to 9.40%

It’s vital to note that these rates are subject to change and are linked to HDFC Bank’s Repo Rate, variable throughout the loan tenor. The rates mentioned above are for the Adjustable Rate Home Loan Scheme. All loans are granted based on HDFC Bank’s discretion.

Essential Documentation

When you apply for an HDFC Regular Home Loan, you must provide certain mandatory documents.

A. Mandatory Documents

  • PAN Card or Form 60 (If no PAN Card)

B. Officially Valid Documents (OVD) for Establishing Identity & Address

  • Passport (valid and not expired)
  • Driving license (unexpired)
  • Election/Voters identification card
  • Job card from NREGA signed by State Government officer
  • National Population Register letter with name and address details
  • Aadhaar Number proof

Remember, any changes in name after the document’s issuance will be accepted, provided there’s a marriage certificate or Gazette notification indicating the name change.

Income Documents:

DocumentSalariedSelf Employed ProfessionalSelf Employed Non Professional
Last 3 months’ Salary Slips✓
Last 6 months’ Bank Statements✓
Latest Form-16 and IT returns✓
Income Tax Returns (last 2 years)✓✓
Balance Sheet and Profit & Loss (last 2 years)✓✓
Last 12 months’ Current A/c Statements✓

Furthermore, specific property documents vary depending on the purpose of the loan – purchasing a new home, a resale home, or constructing on a plot. You also need additional requirements such as Own Contribution Proof, Employment Contract, Business Profile, and more.

Processing Fees

Here’s an overview of the processing fees for HDFC Regular Home Loan:

Name of Fee/ChargeAmount
Resident Housing Loan (Salaried, Professionals)Upto 0.50% or Rs. 3000/- whichever is higher + taxes
Resident Housing Loan (Non-Professionals)Upto 1.50% or Rs. 4500/- whichever is higher+ taxes
NRI LoansUpto 1.25% or Rs. 3000/- whichever is higher + taxes
Value Plus LoansUpto 1.50% or Rs. 4500/- whichever is higher + taxes
Loans under HDFC Bank Reach SchemeUp to 2.00% of the loan amount+ taxes
Please refer the official HDFC Home Loan website for more details on Processing Fees and other charges.

Home Loan Eligibility with HDFC

Eligibility for an Home Loan hinges on various factors like income, repaying capacity, age, property age, and more. A quick snapshot:

Important FactorCriteria
Age18-70 years
ProfessionSalaried / Self Employed
NationalityResident Indian
TenureUp to 30 years

Self-Employed individuals are further classified into Professionals (like Doctors, Lawyers, Engineers) and Non-Professionals (like Traders, Contractors). One of the advantages of HDFC Regular Home Loans is the possibility of adding a co-applicant, enhancing loan eligibility.

Maximum Funding with HDFC Regular Home Loan

Based on the loan amount:

  • Up to Rs.30 lacs: 90% of property cost
  • From Rs.30.01 lacs to INR 75 lacs: 80% of property cost
  • Above Rs.75 lacs: 75% of property cost

In conclusion, the HDFC Regular Home Loan offers an extensive range of benefits for potential homeowners. With competitive interest rates, comprehensive documentation requirements, and a reputation for reliability, it stands out as a premier home loan choice. If you’re considering purchasing a new home, give HDFC Regular Home Loan a look. And remember, it’s not just about buying a house; it’s about building a home.

Find out about other home loan products offered by HFDC.


What is the maximum tenure HDFC offers home loan for

The maximum tenure for the home loan is 20-30 years (but the tenure of the loan can also change based on the scheme.)

Are HDFC housing Finance interest rates fixed or floating?

Offers both fixed and floating interest rate options for home loans. With a fixed rate, the interest remains constant throughout the loan tenure, while with a floating rate, it fluctuates with the market condition.

How is Interest Rate Determined for HDFC Home Loan

HDFC determines the interest rate based on factors like the loan amount, loan tenure, CIBIL Score, and the type of interest rate (fixed or floating) chosen by the borrower.

How can I calculate the EMI for HDFC Home Loan?

You can calculate the EMI for using any online EMI Calculator

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