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Overview
HDFC
Discover HDFC’s home loan offerings with attractive interest rates starting at 8.75% p.a. and flexible tenures of up to 30 years. You can borrow up to ₹10 crore for a range of property needs, from purchasing plots and building homes to renovating or expanding existing properties. HDFC also provides tailored solutions for NRIs and pensioners, as well as easy top-up loans and balance transfer options to streamline your financial management.
Rate of Interest
8.75% - 9.65%
Loan to Value
80% - 85%
Loan Tenure
Max 30 Years
Max Loan Amount
6cr - 10cr
| Rate of Interest | 8.75% - 9.65% |
| Loan Tenure | Max 30 Years |
| Age | Salaried/ Self Employed : 18-70 years |
| Profession | Salaried/Self Employed |
| Income | Metro Cities : 20,000/Month & Above Other Cities : 15,000/Month & Above |
| Nationality | Resident Indian/ NRI |
| Max Loan Amount | 6cr - 10cr |
| Plot Purchase | |
| Independent Building | |
| Apartment | |
| Resale Property | |
| New Construction | |
| LTV | 80% - 85% |
| Home Loan | |
| Plot Cum Construction Loan | |
| Balance Transfer | |
| Overdraft Facility | |
| Top Up Facility | |
| Other Offerings | Home Renovation Loan, Home Extension Loan |
| Processing Fees | Upto 0.50% of the loan amount or Rs. 3300/- whichever is higher |
| Other Charges | Delayed Instalment Payment Charges: A maximum of 18% P. A. on overdue instalment amounts. |
| Overdraft Facilities | |
| Highlights | • Great Customer Service • Process is Simple and Online • Certain Restrictions on Online Prepayments • Competitive Interest Rates • Multi Branch Banking • Non Salaried Cases Take Time |
*Disclaimer: The interest rate, maximum tenure, and other charges are subject to change, it's advisable to check with our experts for the latest information.
| Loan Amount | ₹ 50,00,000 |
| Loan Tenure | 20 years |
| Rate of Interest | 8.75% - 9.65% |
| Monthly EMI | ₹ 44,185 - ₹ 47,097 |
Eligibility Criteria for HDFC Home Loan
| Criteria | Salaried | Self-employed |
|---|---|---|
| Age Range | 18 to 70 years | 18 to 70 years |
| Nationality | Indian/NRI/PIO | Indian/NRI/PIO |
| Minimum Income | Metro Cities : 20,000/Month & Above Other Cities : 15,000/Month & Above | Metro Cities : 20,000/Month & Above Other Cities : 15,000/Month & Above |
Calculate your HDFC home loan eligibility and unlock exclusive offers for you!
HDFC Home Loan Interest Rates
Standard home loan rates according to credit score
| Credit Score | Salaried Rate of Interest | Self-employed Rate of Interest |
|---|---|---|
| 750 and above | 8.75% p.a. onwards | 8.90% p.a. onwards |
| 700-749 | 9.00% p.a. onwards | 9.25% p.a. onwards |
| Below 700 | 9.50% p.a. onwards | 9.75% p.a. onwards |
Get the best Home Loan interest rates tailored for you
If you’re looking to choose the right home loan perfectly made according to your needs, then book a call with our experts here.
HDFC Home Loan Processing Fee and Charges
Processing Charges
| Charge Type | Amount |
|---|---|
| Processing Fees (Salaried/Self-employed Professionals) | 0.50% of loan amount (min. Rs. 3000) |
| Processing Fees (Self-Employed Non-Professionals) | 1.50% of loan amount (min. Rs. 4500) |
| Processing Fees (NRI Loans) | 1.25% of loan amount (min. Rs. 3000) |
| Processing Fees (Value Plus Loans) | 1.50% of loan amount (min. Rs. 4500) |
| Processing Fees (Loans under HDFC Reach Scheme) | Up to 2.00% of the loan amount |
| Re-appraisal of loan after 6 months from date of sanction | Rs. 2000 |
Other Charges
| Charge Type | Amount |
|---|---|
| Delayed Instalment Payment Charge | Max 18% P.A. on overdue instalments |
| Stamp Duty/ MOD/ MOE/ Registration | As applicable in respective States |
| Switch to Lower Rate (Variable Rate Loans) | 0.50% of Principal Outstanding or cap of Rs. 50000 |
| Switch to Variable Rate Loan from Fixed Rate Loan | 0.50% of Principal Outstanding or cap of Rs. 50000 |
| Switch from Combo Rate Loan to Variable Rate | 1.75% of Principal Outstanding |
| Payment Return Charges | Rs. 300 per dishonor |
| Prepayment Charges (Floating Rate Loans) | Nil |
| Prepayment Charges (Fixed Rate Loans) | 2% of amounts being prepaid |
HDFC Home Loan Documents
Here is a list of documents you will need to provide for your HDFC home loan application:
Identity Documents
| Document Name | Salaried Applicants | Self-employed Applicants |
|---|---|---|
| Proof of Identity | ✔ | ✔ |
| Address Proof | ✔ | ✔ |
| Age Proof | ✔ | ✔ |
| Passport-sized Photographs | ✔ | ✔ |
Proof of Income
| Document Name | Salaried Applicants | Self Employed Professional | Self Employed Non Professional |
|---|---|---|---|
| Last 3 month’s Salary Slips | ✔ | ✖ | ✖ |
| Last 6 months’ Bank Statements, showing salary credits | ✔ | ✖ | ✖ |
| Latest Form-16 and IT returns | ✔ | ✖ | ✖ |
| Past 2 years ITRs | ✖ | ✔ | ✔ |
| Last 2 years’ Balance Sheet and P&L A/c Statements | ✖ | ✔ | ✔ |
| Last 12 months’ Savings Account Statements of individual | ✖ | ✔ | ✔ |
Other Documents
| Document Name | Salaried Applicants | Self Employed Professional | Self Employed Non Professional |
|---|---|---|---|
| Own Contribution Proof | ✔ | ✔ | ✔ |
| Employment Contract | ✔ | ✖ | ✖ |
| Last 6 months’ Bank Statements | ✔ | ✔ | ✔ |
| Passport size photograph | ✔ | ✔ | ✔ |
| Cheque for processing fee favouring HDFC Bank | ✔ | ✔ | ✔ |
| Business Profile | ✖ | ✔ | ✔ |
| Latest Form 26 AS | ✖ | ✔ | ✔ |
| Details of ongoing loans of the individual and the business entity | ✖ | ✔ | ✔ |
HDFC Home Loan Schemes and Top Plans
Comparison
| Feature | Standard Home Loan | Plot Loans | Rural Housing Loans | Home Renovation Loans | Home Extension Loan | Top-Up Loans |
|---|---|---|---|---|---|---|
| Minimum Loan Amount | ₹3 lakh | ₹1 lakh | ₹1 lakh | ₹1 lakh | ₹1 lakh | ₹1 lakh |
| Maximum Loan Amount | ₹10 crore | ₹5 crore | ₹5 crore | ₹5 crore | ₹5 crore | ₹5 crore |
| Interest Rate | 8.75% p.a. onwards | 8.75% p.a. onwards | 9.40% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | 9.50 % p.a. onwards |
| Tenure | Up to 30 years | Up to 20 years | Up to 30 years | Up to 15 years | Up to 20 years | Up to 20 years |
| Eligible Applicants | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed | Salaried/Self-employed |
Details
HDFC Standard Home Loan
- Minimum Loan Amount: ₹3 lakh
- Maximum Loan Amount: ₹10 crore
- Interest Rate: From 8.75% p.a. onwards
- Tenure: Up to 30 years
- Eligible Applicants: Salaried/Self-employed
HDFC Plot Loans
- Minimum Loan Amount: ₹1 lakh
- Maximum Loan Amount: ₹5 crore
- Interest Rate: From 8.75% p.a. onwards
- Tenure: Up to 20 years
- Eligible Applicants: Salaried/Self-employed
HDFC Home Renovation Loans
- Minimum Loan Amount: ₹1 lakh
- Maximum Loan Amount: ₹5 crore
- Interest Rate: From 8.75% p.a. onwards
- Tenure: Up to 15 years
- Eligible Applicants: Salaried/Self-employed
HDFC Rural Housing Loans
- Maximum Loan Amount: ₹5 crore
- Interest Rate: From 9.40 % p.a. onwards
- Tenure: Up to 30 years
- Eligible Applicants: Salaried/Self-employed
HDFC Home Extension Loan
- Minimum Loan Amount: ₹1 lakh
- Maximum Loan Amount: ₹5 crore
- Interest Rate: From 8.75% p.a. onwards
- Tenure: Up to 20 years
- Eligible Applicants: Salaried/Self-employed
HDFC Top-Up Loans
- Minimum Loan Amount: ₹1 lakh
- Maximum Loan Amount: ₹5 crore
- Interest Rate: From 9.50 % p.a. onwards
- Tenure: Up to 20 years
- Eligible Applicants: Salaried/Self-employed
How to Apply For HDFC Home Loan?
Applying for an HDFC home loan is a straightforward process:
- Check Eligibility: Verify that you meet the eligibility criteria for your selected loan product.
- Collect Documents: Gather all the required documents.
- Visit a Local Branch: Visit your nearest HDFC branch and fill out the application form.
- Submit Documents: Submit your application along with the required documents.
- Application Review: The bank will review your application and documents.
- Loan Approval: Upon approval, your loan will be sanctioned, and you can start your homeownership journey.
Do not want to get into this hassle? Get HDFC Bank’s best rates in a single call.
How to Download HDFC Home Loan Statement?
Downloading your HDFC home loan statement is quick and easy, allowing you to access your loan details and track your payments online.
- Access the HDFC Net Banking Portal
- Open your preferred web browser and visit the official HDFC Bank website.
- Log in using your Customer ID and password.
- If you are not registered for NetBanking, click on the “Register” option and follow the on-screen instructions.
- Navigate to the Loan Section
- Once logged in, locate the “Loan” section on the homepage or main menu.
- Select the “Home Loan” option from the drop-down menu.
- Select Your Home Loan Account
- If you have multiple loan accounts, identify and select the relevant home loan account.
- Click on the specific account number to proceed.
- Access Your Loan Statement
- In the home loan account details, look for the “Statement” or “Account Statement” option.
- Click on this option to view your home loan statement.
- Choose the Statement Period
- Select the specific time period for which you want to view or download your statement.
- Download or Generate the Statement
- Click on the “Download” or “Generate PDF” button to download your statement.
- Ensure your device has a PDF reader to view the downloaded file.
- Verify the Statement
- Review the statement to ensure all transaction details are correct.
- Check the principal amount, interest rates, and other relevant information.
- Understand the Statement Components
- Familiarize yourself with key areas in the statement, such as the repayment schedule, outstanding balance, principal and interest breakdown, and EMI details.
HDFC Bank Home Loan Customer Care
To facilitate effective communication with customers, in addition, HDFC offers various channels for customer support.
| Contact Category | Details |
|---|---|
| Email ID | customer.service@hdfc.com |
| Toll-free Number | 1800 210 0018 (Accessible across India) |
| Text Message (SMS) | Send “HDFCHOME” to 56767 |
| Missed Call Number | Give a missed call on +91 9289200017 |
| Official Address | HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013 |
| Website | www.hdfcbank.com/personal/products/loans/home-loan |
Comparison
For detailed comparison between top banks you can visit our compare banks page.
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.50% p.a. onwards | 8.5% p.a. onwards | 8.50% p.a. onwards |
| HDFC Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| LIC Bank | 8.50% – 10.35% p.a. | 8.50% – 10.55% p.a. | 8.50% – 10.75% p.a. |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Punjab National Bank | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. |
| Bank Of Baroda | 8.40% – 10.65% p.a. | 8.40% – 10.65% p.a. | 8.40% – 10.90% p.a. |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
| Axis Bank | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. |
| Bank of India | 8.40% p.a onwards | 8.40% p.a onwards | 8.40% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
What is the maximum tenure HDFC offers home loans 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 an HDFC Home Loan?
To calculate the EMI for an HDFC Home Loan, visit HDFC Bank’s official website and use their EMI calculator by entering the loan amount, interest rate, and tenure. Alternatively, use Credit Dharma’s EMI calculator for quick results.