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Thinking of applying for a home loan? The HDFC home loan processing fee is a key factor you can’t afford to overlook. Whether you’re exploring the HDFC bank home loan processing fee structure or curious about an elusive HDFC home loan processing fee waiver, understanding these charges is essential for managing your loan costs like a pro.
In this guide, we’ll break down the fees, reveal insider tips, and help you make a confident, informed decision on your dream home!
Apply for an HDFC Home Loan with a special processing fee offer tailored just for you.
HDFC Home Loan Processing Fee
Here’s a comprehensive breakdown of the processing fees for all types of HDFC home loans, helping you understand the costs involved for each loan option. Whether you’re a first-time buyer or refinancing, we’ve got you covered!
| Loan Types | Processing Fee |
|---|---|
| Resident Housing Loan/ Extension/ House Renovation Loan/ Refinance of Housing Loan/ Plot Loans for Housing (Salaried, Self-Employed Professionals) | Upto 0.50% of the loan amount |
| Resident Housing/ Extension/ Renovation/ Refinance/ Plot Loans for Self Employed Non-Professionals. | Upto 1.50 % of the Loan amount |
| NRI Loans | Upto 1.50% of the Loan amount |
| Value Plus Loans | Upto 1.50% of the Loan amount Minimum Retention Amount: 50% of applicable fees |
| Loans under HDFC Bank Reach Scheme | Up to 2.00% of the loan amount |
Suggested Read: How to Reduce Home Loan Processing Fees
Additional Fees and Charges
In addition to the primary processing fee, there are several other charges that may arise during the home loan process. These additional costs include:
| Charge Type | Amount |
|---|---|
| Delayed Instalment Payment Charges | A maximum of 18% P. A. on overdue instalment amounts. |
| Re-appraisal of loan after 6months from date of sanction | Salaried / Self employed: Upto Rs. 3300/- Self-Employed Non-Professionals/ NRI: Upto Rs. 5000/- |
| Increase in Loan amount | For loan amount increase fees applicable under processing charges shall be levied. |
| Incidental Charges | Incidental charges and expenses are levied to cover the cost, charges, expense and other monies as per actuals applicable to a case. |
| Stamp Duty and Registration Fees | As per state laws and property value |
Also Read: Common Mistakes to Avoid in Loan Processing
HDFC Home Loan Prepayment/Part-Payment Charges
| Interest Rate Type | Charges |
|---|---|
| Floating Interest Rate Term Loans | • No prepayment charges for part prepayment once during a financial year • 2.5% of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. • Nil Part Payment charges for floating rate term loan availed by Individual borrowers for End Use other than Business Purpose • Nil Part Payment charges for floating rate term loans availed by Micro & Small Enterprises. |
| Fixed Interest rate Term loans | • Maximum of 2.5% of the Principal Outstanding. • >60 months after the disbursement of the Loan – NIL Charges .• NIL Part-payment charges for loan amount up to Rs. 50 Lakh availed by Micro & Small Enterprises. • No prepayment charges shall be applicable for part prepayment once during a financial year • 2.5% of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. |
Suggested Read: Fixed vs Floating Interest Rate
HDFC Home Loan Premature Closure Charges
| Charge Type | Fees |
|---|---|
| Floating rate term loan availed by Individual borrowers for Business Purpose | 2.5 % of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges |
| Floating rate term loan availed by Individual borrowers for End Use other than Business Purpose | NIL |
| Floating rate term loans availed by Micro, Small Enterprises and Closure from Own Source* | NIL |
| Floating rate term loans availed by Micro, Small Enterprises and Closure Through Takeover by any financial Institutions | 2 % takeover charges of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges |
| Fixed Interest rate Term loans | – 2.5 % (Plus applicable Taxes) of the Principal Outstanding > 60 months after the disbursement of the Loan/Facility – NIL Charges. NIL Premature Closure Charges /Foreclosure/ Prepayment /Takeover/Part-payment charges for loan amount up to Rs. 50 Lakh availed by Micro & Small Enterprises. |
| Delayed Instalment payment Charge | A maximum of 18% P. A. on overdue instalment amounts. |
| Payment Return Charges | Rs 450/- |
| Repayment schedule charges* | Rs. 50/- per instance |
| Repayment mode change charges* | Rs. 500/- |
| Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers) | NIL |
| Penal Interest for Non Adherence of ESCROW Account (as per sanction terms and conditions) | 2% p. a additional on existing ROI (Applicable in LARR cases only) |
| Penal Interest charged for non-complying with sanction terms | 2% per annum additional on existing ROI- (Charged on monthly basis) Subject to a Max of Rs 50000/- |
| CERSAI Charges | Rs. 100 for each property |
| Property Swapping / Partial property Release* | 0.1% of the loan amount. Min – Rs. 10,000/-. Max of Rs 25000/- per property |
| Document Retrieval charges post Disbursement* | Rs. 75/- per document set. (Post disbursement) |
Check Out: Home Laon Prepayment Calculator
Factors Influencing the Processing Fees
The home loan processing fee you pay is influenced by several factors, including:
| Factor | Description |
|---|---|
| Lender Policies | Each lender has its own fee structure. Some banks may charge higher fees for operational costs, while others offer competitive rates to attract borrowers. |
| Loan Amount | Larger loans often incur higher home loan processing fees due to the increased administrative work involved. |
| Credit Score | Borrowers with low credit scores may face higher fees as part of the risk mitigation process. |
| Property Type | Properties requiring more verification, such as apartments or commercial spaces, may attract higher fees. |
| Location | Urban properties generally have higher home loan processing fees compared to rural properties due to valuation and registration costs. |
Also Read: Home Loan Prepayment vs Investment- 2025
How to Calculate the Processing Fees?
HDFC typically charges a processing fee as a percentage of the loan amount sanctioned. This percentage can vary based on the loan product and the borrower’s profile.
HDFC sets a minimum and maximum cap on processing fees. For example, the fee might be 0.50% of the loan amount, with a minimum fee of ₹3,000 and a maximum of ₹25,000.
Example Calculation
Let’s assume you are applying for a home loan of ₹50 lakh with HDFC.
- Percentage-Based Fee: If the fee is 0.50% of the loan amount:
- 0.50% of ₹50,00,000 = ₹25,000
- Minimum and Maximum Cap: If there’s a maximum cap of ₹25,000, the fee remains ₹25,000.
Additional Costs to Consider
In addition to the processing fee, be aware of other costs such as:
- Legal Fees
- Technical Valuation Charges
- Stamp Duty and Registration Fees
Ready to buy your dream home? Get a detailed and transparent breakdown of HDFC’s processing fees.
Home Loan Processing Fees from Top Banks in India
Here’s a quick comparison of the home loan processing fees charged by some of India’s leading banks:
| Bank | Home Loan Processing Fee |
|---|---|
| SBI (State Bank of India) | 0.35% of the loan amount (min ₹2,000, max ₹10,000) + GST |
| HDFC Bank | Upto 0.50% of the loan amount or Rs. 3300/- whichever is higher |
| ICICI Bank | 0.50% of the loan amount (min ₹3,000, max ₹5,000) + GST |
| Axis Bank | 1% of the loan amount or ₹10,000 (whichever is lower) |
| Kotak Mahindra Bank | 0.5% – 1.00% of the loan amount |
| Bajaj Housing Finance | Up to 4% of the loan amount |
Conclusion
Understanding the HDFC home loan processing fee is crucial for managing your home loan expenses effectively. Always inquire about any promotional offers or discounts that could help reduce your processing fees. Ultimately, a well-informed borrower is better equipped to navigate the home loan process successfully.
Still confused? Reach out to our team of experts and get all your home loan queries sorted in no time!
Frequently Asked Questions
The HDFC home loan processing fee ranges from 0.25% to 0.50% of the loan amount, with minimum and maximum caps depending on the loan size.
In 2024, the processing fee for HDFC home loans is typically 0.50% of the loan amount for loans up to ₹75 lakh and 0.25% for loans above ₹75 lakh, with specific minimum and maximum caps.
No, the processing fee charged by HDFC Bank is non-refundable, even if the loan application is rejected.
The loan processing fee varies but generally ranges from 0.25% to 0.50% of the loan amount, depending on the loan size and type, with specific minimum and maximum limits.
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