HDFC Bank understands that property ownership serves two vital functions: securing a comfortable home and enabling a promising investment. By financing up to 90% of your property’s cost at competitive rates starting at 8.50% p.a. , HDFC provides a reliable, convenient path to homeownership—equally appealing to residents and investors alike.
HDFC Bank Home Loan Interest Rates by Employment
HDFC Bank adjusts home loan interest rates based on whether you’re salaried, self-employed, or have a professional practice. Below is a quick look at how your employment type can influence your rate.
HDFC Bank Home Loan Interest Rates for Salaried Employees
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan For Salaried | 8.50% p.a. – 9.35% p.a. |
HDFC Bank Home Loan Interest Rates for Self Employed
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan For Self Employed | 8.70% p.a. – 9.55% p.a. |
Suggested Read: HDFC Bank Home Loan CIBIL Score
HDFC Bank All Schemes Home Loan Interest Rates
HDFC Bank offers multiple home loan schemes, each with its own interest rate structure and features. Here’s an overview of the current rates for various HDFC schemes.
| Products | Interest Rates |
|---|---|
| Home Loan | 8.50% p.a. onwards |
| Plot Loan | 8.50% p.a. onwards |
| Rural Housing Loan | 9.20% p.a. onwards |
| Home Renovation Loan | 8.50% p.a. onwards |
| Home Extension Loan | 8.50% p.a. onwards |
| Top Up Loan | 8.80% p.a. onwards |
| Loan Against Property | 9.50% p.a. onwards |
| PMAY 2.0 | Contact the Bank |
| NRI Home Loan | 8.50% p.a. onwards |
| Home Loan Balance Transfer | 8.50% p.a. onwards |
Suggested Read: HDFC Bank Home Loan Eligibility Checklist
All Schemes Offered by HDFC Bank: A Detailed Overview
HDFC Bank has a range of home loan schemes catering to diverse needs, from ready-to-move properties to under-construction projects. Read on to find the best fit for your housing requirements.
HDFC Bank Plot Loan Interest Rates
- Helps you acquire land for building your dream home.
- Available for both salaried and self-employed individuals.
- Provides financing for purchasing plots without any pre-existing property mortgage.
| Category | Highlights |
|---|---|
| Interest Rate | Salaried: 8.50% p.a. onwards Self Employed: 8.70% p.a. onwards |
| Processing Fee | Up to 0.50% of the Loan Amount |
Suggested Read: HDFC Bank Plot Loan
HDFC Bank Rural Housing Loan Interest Rates
- Designed for agriculturists and individuals in rural or urban areas.
- Supports home purchase, construction, or renovation
- Tailored to meet the housing needs of rural communities
| Category | Highlights |
|---|---|
| Interest Rate | 9.20% p.a. – 10.55% p.a. |
| Processing Fee | Up to 0.50% of the Loan Amount |
HDFC Bank Home Renovation Loan Interest Rates
- Funds for upgrading or renovating your existing home.
- Ideal for making your home more comfortable and modern.
- Provides flexibility in terms of renovation projects.
| Category | Highlights |
|---|---|
| Interest Rate | Salaried: 8.50% p.a. onwards Self Employed: 8.70% p.a. onwards |
| Processing Fee | Up to 0.50% of the Loan Amount |
Suggested Read: HDFC Bank Home Renovation Loan
HDFC Bank Home Extension Loan Interest Rates
- Assists in expanding your home to accommodate a growing family.
- Offers financial support for additional rooms or floors.
- Helps to create more living space for comfort.
| Category | Highlights |
|---|---|
| Interest Rate | Salaried: 8.50% p.a. onwards Self Employed: 8.70% p.a. onwards |
| Processing Fee | Up to 0.50% of the Loan Amount |
HDFC Bank Home Loan Top Up Interest Rates
- Provides additional funds for personal or professional milestones.
- Can be used for home renovation, vacations, or debt consolidation.
- Minimal documentation required for existing home loan customers.
| Loan Slab | Top Up Type | Interest Rates (% p.a.) |
|---|---|---|
| Outstanding Home Loan + Top Up Loan | Top up for existing customers | Policy Repo Rate + 3.45% to 4.30% = 9.25% to 10.10% |
| Balance Transfer + Top Up Simultaneous Loan | For all loan amounts | Policy Repo Rate + 3.00% to 3.85% = 8.80% to 9.65% |
| Outstanding Home Loan + Top Up Loan | Top up for existing customers | Policy Repo Rate + 3.45% to 4.30% = 9.45% to 10.30% |
| Balance Transfer + Top Up Simultaneous Loan | For all loan amounts | Policy Repo Rate + 2.80% to 3.65% = 9.00% to 9.85% |
Suggested Read: HDFC Bank Home Loan Top Up
HDFC Bank Loan Against Property Interest Rates
- Secures funds by using your property as collateral.
- Suitable for business investments, education, or home renovation.
- Provides a lump sum loan amount based on your property value.
| Category | Highlights |
|---|---|
| Interest Rate | 9.50% p.a. – 11.00% p.a. |
| Processing Fee | Up to 1.00% of the Loan Amount |
Suggested Read: HDFC Loan Against Property
HDFC Bank Home Loan Balance Transfer Interest Rates
- Allows you to transfer your home loan to HDFC Bank for better terms.
- Helps reduce monthly repayments by securing a lower interest rate.
- Provides an opportunity to save money on long-term repayments.
| Category | Highlights |
|---|---|
| Interest Rate | Salaried: 8.50% p.a. onwards Self Employed: 8.70% p.a. onwards |
| Processing Fee | Up to 0.50% of the Loan Amount |
Suggested Read: HDFC Bank Home Loan Balance Transfer Calculator
HDFC Bank Home Loan for NRIs Interest Rates
- Designed for NRIs wishing to purchase property in India.
- Offers convenient terms for non-resident individuals.
- Helps bring your dream home in India closer, no matter where you live.
| Category | Highlights |
|---|---|
| Interest Rate | Salaried: 8.50% p.a. onwards Self Employed: 8.70% p.a. onwards |
| Processing Fee | Up to 0.50% of the Loan Amount |
HDFC Bank PMAY 2.0 Interest Rates
- Offers interest subsidies on home loans under the Pradhan Mantri Awas Yojana.
- Available for Economically Weaker Sections, Low-Income, and Middle-Income Groups.
- Aims to make homeownership affordable for underprivileged sections of society.
| Eligibility Criteria | Economically Weaker Sections (EWS) | Low-Income Group (LIG) | Middle-Income Group (MIG) |
|---|---|---|---|
| Annual Household Income (₹) | Up to ₹3 lakh | ₹3 lakh – ₹6 lakh | ₹6 lakh – ₹9 lakh |
| Interest Subsidy (% P.A.) | 4% on the first ₹8 lakh of the loan | 4% on the first ₹8 lakh of the loan | 3% on the first ₹12 lakh of the loan |
| Maximum Home Loan Eligible (₹) | ₹25 lakh | ₹25 lakh | ₹35 lakh |
| Maximum House Value (₹) | ₹25 lakh | ₹35 lakh | ₹45 lakh |
| Maximum Carpet Area (sqm) | 120 sqm | 120 sqm | 150 sqm |
| Maximum Benefit of Interest Subsidy (₹) | ₹1.80 lakh | ₹2.67 lakh | ₹2.35 lakh |
| Applicable Date | Home loans sanctioned and disbursed on September 1st, 2024 or after | Home loans sanctioned and disbursed on September 1st, 2024 or after | Home loans sanctioned and disbursed on September 1st, 2024 or after |
| Validity of Scheme | 5 years from the launch of scheme | 5 years from the launch of scheme | 5 years from the launch of scheme |
| Categories of Home Loans | Purchase, Re-purchase & Construction of house | Purchase, Re-purchase & Construction of house | Purchase, Re-purchase & Construction of house |
Suggested Read: PMAY 3.0 2025
How Does Reserve Bank of India (RBI) Repo Rate Impact Home Loan Interest Rates?
The repo rate is the interest rate at which the RBI lends short-term funds to commercial banks. It acts as a benchmark for the economy, influencing liquidity and credit availability. For example, a lower repo rate reduces banks’ borrowing costs, encouraging them to lend more.
Direct Impact on Home Loan Rates
- Rate cuts reduce borrowing costs : When the RBI lowers the repo rate, banks can borrow funds at cheaper rates, potentially reducing home loan interest rates
- Example from 2025 : In February 2025, the RBI reduced the repo rate by 25 basis points to 6.25%, followed by another cut to 6%.These moves aimed to stimulate economic growth by making loans more affordable.
Transmission to Borrowers
- Partial or delayed pass-through : Banks may not immediately pass the full benefit of repo rate cuts to borrowers. For instance, after the February 2025 cut, lenders gradually adjusted home loan rates, with potential EMIs dropping by ₹500–₹1,000 per lakh
- Dependence on bank policies : Banks factor in operational costs, profit margins, and market competition when adjusting rates. For example, SBI and HDFC reduced rates to 8.25–8.5% post-February 2025 cuts, but smaller lenders might lag.
Key Outcomes for Home Loan Borrowers (2025)
- Lower EMIs : A 25-basis-point repo rate cut could reduce monthly EMIs for existing and new borrowers if banks adjust their rates
- Potential sub-8% rates : Analysts suggest home loan rates might dip below 8% in 2025 due to cumulative repo rate reductions, benefiting first-time buyers and refinancers
Inflation and Repo Rate Dynamics
- High inflation : The RBI typically raises the repo rate to curb inflation, increasing home loan costs.
- Low inflation : Falling inflation allows the RBI to cut rates, easing the burden on borrowers.
Suggested Read: Top 5 HDFC Approved Projects in Bangalore
How to Get Lowest and Best HDFC Home Loan Interest Rates?
- Aim for a 750+ Credit Score to secure preferential rates.
- Select the Right HDFC Scheme that matches personal requirements for cost efficiency.
- Leverage Special Concessions offered to government employees, women borrowers, and defense personnel.
- Use the Check-Off Facility for direct salary deductions, which may lower interest rates.
- Make a Higher Down Payment to reduce the principal and potentially get better terms.
- Watch Out for Festive Offers or promotional discounts from HDFC.
- Keep Income Documents Updated for quicker approvals and more favorable rates.
- Maintain Steady Employment to boost financial credibility and rate eligibility.
- Build a Strong Relationship with HDFC for possible preferential pricing.
- Always Negotiate to explore discounts on interest rates or processing fees.
Types of Home Loan Interest Rates
| Interest Rate Type | Definition | Pros | Cons |
|---|---|---|---|
| Fixed | Rate remains constant throughout a predetermined period or entire tenure. | – Predictable EMIs for budgeting- Protection against rising interest rates | – Typically, higher rates compared to floating- No benefit if market rates go down |
| Floating (Variable) | Linked to market benchmarks (e.g., Repo Rate, MCLR) and changes over time | – Often cheaper when rates fall- Can partly or fully prepay with lower penalties | – EMIs fluctuate with market conditions- Costs may rise if rates increase |
| Hybrid | Combination of fixed and floating phases. | – Stability in the initial fixed period- Potential cost savings in the variable phase | – Transition from fixed to floating can carry uncertainties- May incur a shift-related fee |
Suggested Read: Fixed vs. Floating Interest Rates
Factors Affecting HDFC Bank Home-Loan Interest Rate
| Factor | How It Affects the Interest Rate |
|---|---|
| Credit score & repayment history | Higher credit scores & consistent repayments often lead to lower rates |
| Loan amount & tenure | Larger loan amounts or extended tenures can raise rates due to increased risk |
| Type of interest rate (fixed or floating) | Floating rates fluctuate with market changes; fixed rates remain constant but can be higher initially |
| Market & repo rate trends | Rates typically rise or fall in line with the central bank’s policy decisions |
| Employment & income stability | Steady job & robust income can fetch more favorable rates |
| Loan-to-value (LTV) ratio | A lower LTV (larger down payment) signals reduced risk, helping secure lower rates |
| Banking relationship | Good track record or existing relationship with the bank may result in preferential rates |
How are Home Loan Interest Rates Calculated?
Home loan interest rates typically start with a benchmark – for example, the repo-linked lending rate (RLLR) or MCLR. Your bank sets its own spread above this reference to cover operational and credit-related risks. That margin, in turn, depends heavily on your credit score, income stability, loan amount, and the overall risk perceived by the lender.
In addition, economic policies (like changes in the repo rate announced by the central bank) can cause benchmark rates to move up or down, directly influencing what you end up paying over time.
Suggested Read: RLLR vs. MCLR vs. PLR
How to Download HDFC Bank Home Loan Interest Certificate Online?
Step By Step Guide To Downloading Your Loan Statement From HDFC Online Portal:
- Visit the HDFC Bank Website
- Access the Home Loan Section
Look for the “Existing Customers” tab at the top right corner. Hover over it, then select the “For Home Loans” option from the dropdown menu.
- Enter Your Details
On the next screen, enter your home loan account number and other required details like your date of birth. Ensure the information is correct.
- Submit and Verify
After entering the details, click “Submit”. Verify your name and email ID on the next page.
- Download or Receive by Email
View the statement online or email it to your registered email ID. The statement will be sent to your inbox if your email is registered.
- Check and Save
Once received, open the email, download the statement, and save it for your records.
Suggested Read: When Does Your Home Become a Non Performing Asset?
Will Home Loan Interest Rates Go Down in 2025?
Yes, home loan interest rates in India have already started declining in 2025, following the Reserve Bank of India’s (RBI) decision to cut the repo rate by 25 basis points (bps) on April 9, 2025 .
This reduction, combined with a similar cut in February 2025, brings the cumulative repo rate decrease to 50 bps this year, lowering the rate from 6.25% to 6% .
These cuts directly impact floating-rate home loans linked to the repo rate, which most banks use as their external benchmark.
Suggested Read: All Banks Home Loan Interest Rates 2025
EMI vs. Tenure Reduction: Which Saves More?
Banks typically shorten the loan tenure while keeping EMIs unchanged during rate cuts. Borrowers can opt for this or request an EMI reduction.
For example, a Rs 50 lakh loan at 8.25% (post-February cut) will now cost 8%, lowering monthly EMIs by Rs 777 (from Rs 42,603 to Rs 41,826).
Shorter Tenure : Retaining the original EMI shaves 10 months off the loan term, saving ~Rs 4.36 lakh in interest. Experts recommend this option for 234% higher savings compared to EMI cuts.
Lower EMIs : Immediate cash flow relief (e.g., saving Rs 777/month). Total interest saved over 20 years: ~Rs 1.85 lakh .
Suggested Read: What is Reverse Repo Rate?
Secure the Lowest HDFC Bank Home Loan Interest Rates with Credit Dharma
Buying a home is a big step. Getting a home loan can be hard, but we make it easy. Choosing Credit Dharma for your home loan simplifies this process. We offer expert advice and personalized assistance to make everything hassle-free. You’ll receive timely updates on your loan application and disbursement progress.
From the initial application to the final disbursement, we provide comprehensive support. Enjoy clear and honest communication at every stage, with no hidden surprises.
Frequently Asked Questions
HDFC Bank offers home loan interest rates starting at 8.50% p.a. for salaried individuals and 8.70% p.a. for self-employed individuals.
HDFC Bank offers various schemes, including Home Loans, Plot Loans, Rural Housing Loans, Home Renovation Loans, Home Extension Loans, and Loan Against Property, among others.
The processing fee is up to 0.50% of the loan amount for most home loan schemes, including Plot Loans, Home Renovation Loans, and Home Extension Loans.
The repo rate impacts borrowing costs. When the RBI lowers the repo rate, HDFC Bank may reduce home loan interest rates, making loans more affordable.
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