HDFC Ltd. Home Loan

HDFC Ltd. Home Loan Details

You can apply for a home loan from HDFC Ltd. for purchasing a flat, bungalow, row house, properties from MHADA, DDA, plot construction, home extension, and more. These loans come with a maximum tenure of 30 years and are available to salaried and self-employed individuals.

Updated as per Latest Rates on 22 Jan 2020
Retail Prime Lending Rate16.60%
Loan AmountBased on customer profile
Processing FeesUp to 1.5% of loan amount (min. Rs.3,000)
Penal Interest RateUp to 24% p.a.
Prepayment/Foreclosure Charges0% - 2%
Max Tenure30 Years
Rate Packages AvailableFixed/Floating

For detailed information on fees and charges such as regulatory/statutory charges, document charges, and specific fees applicable on home loans to salaried, self-employed non-professional, and self-employed professionals, check out our HDFC Ltd. Home Loan Processing Fees and Charges webpage.

HDFC Ltd. Home Loan Interest Rates 2020

The interest rate offered to you will depend on several factors including your employment type. Find below the interest rates charged on different home loans for salaried and self-employed professionals/non-professionals:

HDFC Ltd. Home Loan Floating Rates Today

Loan AmountInterest Rates
Up to Rs.30 lakh8% p.a. to 8.50% p.a
Rs.30.01 lakh to Rs.75 lakh8.25% p.a. to 8.75% p.a.
Rs.75.01 lakh and above8.30% p.a. to 8.80% p.a

HDFC Ltd. Home Loan Schemes

HDFC Ltd. offers a plethora of home loan plans for salaried and self-employed individuals. The schemes available include Home Loans, Plot Loans, Rural Housing Loans, HDFC Reach Loans, Home Improvement Loans, Home Extension Loans, and Loans for NRI/PIO.

Other than these, you can also get the benefits of the Pradhan Mantri Awas Yojana/CLSS scheme through the HDFC Ltd. The interest rate for HDFC loans starts from 8% p.a. The financing amount and tenure varies from scheme to scheme.

Key Highlights

  • Loans available for both salaried and self-employed individuals
  • Joint application facility available
  • Tenure of up to 30 years (Telescopic Repayment Option)
  • Financing of up to 90% of the total property cost
Interest Rate (p.a.)8% onwards for Adjustable Rate Home Loan
Processing Fee
  • Up to 0.5% of the loan amount or Rs.3,000, whichever is higher plus applicable GST (for salaried and self-employed professionals)
  • Up to 1.5% of the loan amount or Rs. 4,500, whichever is higher plus GST (for self-employed non-professionals)
  1. HDFC Plot Loan
    • No hidden charges
    • Customised repayment options
    • Competitive rates
    • Loans for salaried and self-employed individuals
    Interest Rate (p.a.)8.15% onwards for Adjustable Rate Home Loan
    Processing Fee
    • Up to 0.5% of the loan amount or Rs.3,000, whichever is higher plus applicable GST (for salaried and self-employed professionals)
    • Up to 1.5% of the loan amount or Rs. 4,500, whichever is higher plus GST (for self-employed non-professionals)
  2. HDFC Rural Housing Loan
    • No hidden charges
    • Tenure of 20 years for agriculturalists
    • Competitive interest rates
    • Financing available for both salaried and self-employed individuals
    • Customised repayment options
    Interest Rate (p.a.)8.30% onwards for Adjustable Rate Home Loan
    Processing Fee
    • Up to 0.5% of the loan amount or Rs.3,000 whichever is higher plus applicable GST (for salaried and self-employed professionals)
    • Up to 1.5% of the loan amount or Rs.4,500, whichever is higher plus applicable GST (for agriculturalists and self-employed non-professionals)
  3. HDFC Reach Home Loan
    • No hidden charges
    • Top-up loan facility available
    • Flexible repayment tenures
    • Loans available for both salaried and self-employed individuals
    • Competitive rates
    Interest Rate (p.a.)Starting from 9.25% (TruFixed Loan)
    Processing Fee2% of the loan amount (for salaried and self-employed applicants)
  4. HDFC Home Improvement Loan
    • Loans available for both salaried and self-employed individuals
    • Maximum tenure of 15 years
    • 100% of the total home improvement cost provided for existing customers
    • Hassle-free documentation process
    • Easy repayment options
    Interest Rate (p.a.)8% onwards for Adjustable Rate Home Loan
    Processing Fee
    • Up to 0.5% of the loan amount or Rs.3,000, whichever is higher plus applicable GST (for salaried and self-employed professionals)
    • Up to 1.5% of the loan amount or Rs. 4,500, whichever is higher plus GST (for self-employed non-professionals)
  5. HDFC Home Extension Loan
    • Competitive rates
    • Loans available for both salaried and self-employed individuals
    • Pay through monthly instalments
    • Hassle-free documentation process
    • Loan tenure of a maximum of 20 years
    Interest Rate (p.a.)8% on wards for Adjustable Rate Home Loan
    Processing Fee
    • Up to 0.5% of the loan amount or Rs.3,000, whichever is higher plus applicable GST (for salaried and self-employed professionals)
    • Up to 1.5% of the loan amount or Rs. 4,500, whichever is higher plus GST (for self-employed non-professionals)
  6. HDFC NRI Home Loan

    • Competitive interest rates
    • Merchant Navy employees can avail this facility

Disclaimer

  • *All loans at the sole discretion of HDFC Ltd.
  • The differential rates of interest are made available based on the different risk assessments. Select rates of interest are made available as per the credit risk profile at certain price points, details of which may be obtained from the nearest branch of HDFC.
  • The rates of interest are applicable to Home Loans, including Home Improvement, Home Extension, Plot and Plot plus Construction loan.
  • The above interest rates / EMI are applicable for loans under the Adjustable Rate Home Loan Scheme of HDFC Ltd. and subject to change at the time of disbursement. The Home Loan interest rates above are variable in nature and subject to change as per the movement in HDFC's Benchmark Rate.
  • HDFC, Ltd. reserves the right to withdraw the offer on interest rates at any point in time without any further intimation or notice, and no claims shall be entertained by HDFC, Ltd. in this regard.

Compare HDFC Home Loan with Other Banks

HDFC Home Loan EMI Calculator

It’s always advised to calculate your EMI (equated monthly instalment) beforehand so that you can manage your finances properly after you take a loan. In order to do so, you can use the Creditupchar HDFC Home Loan EMI Calculator.

This easy-to-use online calculator lets you calculate your EMI in no time. All you need to do is enter the relevant details related to your loan, including the loan amount, interest rate, loan tenure, and processing fee. Hit the button “calculate” to check your EMI amount. This is will be followed by an amortisation table giving you a comprehensive breakdown of your payment schedule.

HDFC Home Loan Eligibility Criteria

Age18 years to 70 years
NationalityIndian, NRI
Type of EmploymentSalaried, Self-employed (professional and non-professional), and retired

Documents Required for All Home Loan Applicants Under HDFC

For self-employed applicantsFor salaried applicants
  • Identity proof: Aadhar card, voter ID, passport, or driving license
  • Income proof
    1. Income Tax Returns along with details of your businesses’ and your income for the last 3 years (attested by a chartered accountant)
    2. Balance sheet and profit and loss account statements for the last 3 years
    3. Last 6 years’ current account statements of your business and your savings account statements
  • Property-related papers:
    1. Copy of the buyer agreement and receipt of the payment made to the builder (for new homes)
    2. Title deeds, receipt of the payment made to the builder, and copy of the agreement to sell (for resale homes)
    3. Title deeds of the plot, proof of no encumbrances on the property, and construction estimate as given by the architect (for home construction)
  • Other documents
    1. Business profile
    2. Form 26 AS (latest)
    3. Proof of own contribution
    4. Partnership deed (if applicable)
    5. Details of your and your businesses’ ongoing loans (if any)
    6. Your and co-applicant’s passport-size photo with signature
    7. List of Directors and Shareholders of the company with shareholding details
    8. A cheque for processing fee to be paid towards HDFC Ltd.
  • Identity proof: Aadhar card, voter ID, passport, or driving license
  • Income proof
    1. Latest 3 months’ salary slips
    2. Last 6 months’ bank statements
    3. Latest Form 16 and IT returns
  • Property-related papers:
    1. Copy of the buyer agreement and receipt of the payment made to the builder (for new homes)
    2. Title deeds, receipt of the payment made to the builder, and copy of the agreement to sell (for resale homes)
    3. Title deeds of the plot, proof of no encumbrances on the property, and construction estimate as given by the architect (for home construction)
  • Other documents
    1. Employment details
    2. Proof of own contribution
    3. Last 6 month’s bank statement to show if there are any other loans
    4. Your and co-applicant’s passport-size photo with signature
    5. A cheque for processing fee to be paid towards HDFC Ltd.

HDFC Pradhan Mantri Awas Yojna

PMAY features the interest subsidy scheme, Credit Linked Subsidy Scheme (CLSS), that eases the burden of interest payment for aspiring homebuyers. The scheme aims to provide affordable housing to economically weaker sections of the society.

Benefits of PMAY scheme

  • Interest subsidy of up to 6.5%
  • Even middle-income groups (MIG) can get subsidy on interest
  • No cap on the financing amount or the property cost

Visit HDFC Ltd. Home Loan

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