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  • HDFC Home Loan Balance Transfer

    Fees & Charges

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    Home Loan BYTES FROM OUR KITCHEN

    HDFC Home Loan Balance Transfer

    Caught up in a home loan that is demanding high monthly instalments and burning up your savings? You can avail higher loan amount and also substantially save on interests by transferring your existing home loan to HDFC. HDFC Home Loan Transfer will aid you in saving more by lowering your EMI and interest rates.

    HDFC Bank was established in 1994 and since then, has been a trailblazer in the Indian financial market. HDFC has a nationwide footprint and offers services like deposits, loans, insurance, investment and trading for corporates, NRIs, Indians and SMEs. HDFC Home Loan comes with a lot of features that benefit the borrower and is one of the most sought-after products in the home loan front. If you have made the mistake of selecting a wrong home loan product, you can rectify it now by switching to HDFC Home Loans.

    HDFC Home Loan Balance Transfer Interest Rates For Salaried Individuals:

    Loan Slab Rates Of Interest
    For all women (up to Rs.75 lakh) 8.35% to 8.85%
    For all women (above Rs.75 lakh) 8.40% to 8.90%
    Others (up to Rs.75 lakh) 8.40% to 8.90%
    Others (above Rs.75 lakh) 8.45% to 8.95%

     

    For all women, the rate of interest associated with HDFC home loan balance transfer ranges between 8.35% to 8.85% for a loan amount of up to Rs.75 lakh. In case of all the others, the home loan balance transfer interest rate ranges between 8.40% to 8.90%. For all women, the rate of interest associated with HDFC home loan balance transfer ranges between 8.40% to 8.90% for a loan amount of above Rs.75 lakh. In case of all the others, the home loan balance transfer interest rate ranges between 8.45% to 8.95%.

    *The same rate is applicable for TruFixed (Salaried), Self-employed (professionals and TrueFixed), salaried NRIs, and professional NRIs.

    HDFC Home Loan Balance Transfer Interest Rates For Self-Employed Individuals (non-professionals):

    Loan Slab Rates Of Interest
    For all women (up to Rs.75 lakh) 8.45% to 8.95%
    For all women (above Rs.75 lakh) 8.50% to 9.00%
    Others (up to Rs.75 lakh) 8.55% to 9.05%
    Others (above Rs.75 lakh) 8.60% to 9.10%

     

    For all women, the rate of interest associated with HDFC home loan balance transfer ranges between 8.45% to 8.95% for a loan amount of up to Rs.75 lakh. In case of all the others, the home loan balance transfer interest rate ranges between 8.55% to 9.05%. For all women, the rate of interest associated with HDFC home loan transfer ranges between 8.50% to 9.00% for a loan amount of above Rs.75 lakh. In case of all the others, the home loan balance transfer interest rate ranges between 8.60% to 9.10%.

    *The rates are same for TrueFixed (self-employed, non-professionals, and NRI self-employed, non-professionals)

    Documents Required For HDFC Bank Balance Transfer Home Loan:

    The following documents are required for HDFC home loan transfer.

    1. Copy of all property documents including Own Contribution proof
    2. Latest outstanding balance letter from the existing loan provider on their letterhead
    3. A letter by the existing lender on their letterhead quoting the list of property documents that is held by them.
    4. Identity proof and proof of address

    Do enquire with HDFC about the complete list of documents to be presented before applying for home loan transfer.

    Fees And Charges For HDFC Home Loan Balance Transfer

    Processing Fees
    • Self-employed professionals – Rs.3000 or 0.50% of the loan, whichever is more, along with the applicable taxes.
    • Self-employed non-professionals - Rs.4500 or 1.50% of the loan, whichever is more, along with the applicable taxes.
    • Salaried individuals - Rs.3000 or 0.50% of the loan, whichever is more, along with the applicable taxes.
    Check Dishonor Charges Rs.200
    Property Insurance Customer must pay the premiums to the insurer directly so that policies remain active during the loan pendency.
    Incidental Charges These costs are levied to cover expenses incurred with respect to recovery of dues from defaulting customers.
    List Of Documents Up to an amount of Rs.500
    Pdc Swap Up to an amount of Rs.200
    Photocopy Of Documents Up to an amount of Rs.500
    Disbursement Cheque Cancellation Charge Up to an amount of Rs.200
    Decrease Or Increase In The Term Of Loan Up to an amount of Rs.500 plus the applicable taxes.

    *Fees and charges are same for NRIs in the Middle East.

    Process For Home Loan Takeover:

    Step:1 Check the present rate and calculate the interest savings.

    Step:2 Calculate approximate cost on account of different fees and charges.

    Step:3 Choose the bank you want to transfer the loan to and decide if you wish to go for a top-up.

    Step:4 Obtain the list of the property documents deposited with the current bank. Also, get the foreclosure letter from your current bank.

    Step:5 Apply for the loan with the new bank and submit all the photocopy of the property documents.

    Step:6 Obtain the sanction letter and initiate a new loan agreement.

    Step:7 Avail the disbursement fro the new bank by demand draft or Cheque.

    Step:8 Obtain all property documents from the previous bank and deposit them to the new bank.

    Features And Benefits Of HDFC Home Loan Balance Transfer For The Salaried Individuals:

    • You can transfer the outstanding home loan availed from a different bank or a lender of HDFC and enjoy a top up loan up to an amount of Rs.35 lakh.
    • Lucrative rates of interest can be availed by you to make the home loan more affordable for you.
    • Enjoy customized options for repayments that suits your requirement.
    • There aren’t any hidden charges associated with HDFC home loan balance transfer.
    • The widespread network of the bank allows you to avail and service the loan anywhere across the country.

    Features And Benefits Of HDFC Home Loan Balance Transfer For The Self Employed Individuals:

    • Transfer the outstanding housing loan amount borrowed from a different bank to HDFC and enjoy an add-on top up loan of Rs.35 lakh.
    • Enjoy flexible and customize options for the repayment of the loans that suits your requirements.
    • There are no hidden charges for this loan.
    • The rates offered by HDFC home loan balance transfer can make the home loan easier on the pocket for you.
    • The home loan schemes come with a lot of innovation.
    • Enjoy doorstep assistance with the home loan.
    • The widespread network of the bank allows you to avail and service the loan anywhere across the country.

    Features And Benefits Of HDFC Home Loan Balance Transfer For The Salaried NRIs In The Middle East:

    • Enjoy lucrative rates of interest with the home loans.
    • There are absolutely no hidden charges associated with the HDFC Home Loan Balance Transfer.
    • Loans can be availed by individuals employed in Merchant Navy.
    • Home Loan advisory services can be availed with this product.

    Features And Benefits Of HDFC Home Loan Balance Transfer For The Self Employed NRIs In The Middle East:

    • The rates that you can avail with the HDFC home loan balance transfer are competitive.
    • Enjoy innovative and customizable home loan schemes.
    • There are no hidden charges with this product.
    • Home Loan advisory services can be availed with this product.

    HDFC Home Loan Balance Transfer Reviews

    • HDFC Limited Home Loan
      "Easy to get loan from HDFC"
      0.5 5.0/5 "Blown Away!"
      The Overall Home loan experience is good. I have taken a home loan amount of Rs. 27 Lakhs. I'm paying the EMI of Rs. 25000. I have opted the tenure of 25 years. They are offering a 8.5% interest rates but for me they charged me 9.5%. For the processing fee they charged me around 30K. Within a month i have got my loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 14, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My home loan was taken with HDFC LTD. The loan amount was 28 lakhs and the given interest rate was 8.40% which is satisfactory . The process was quite easy and hassle free . The processing fee was refundable. I am satisfied with the customer service and responsiveness.My overall experience was very good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 12, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My home loan was taken with HDFC LTD.The loan amount was 68lakhs and the given interest rate was 8.5% which is average in the market. The tenure period was 20 years .The process was quite easy and i am completely happy with it. The customer service and responses was up to the mark. Their processing fee was also nominal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 12, 2018
    • HDFC Limited Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I took a home loan for 25 Lakhs from the HDFC LTD. I pay an EMI of 21000 per month. The interest rate offered by HDFC LTD is very much nominal. There were also processing charges for 0.5%. Overall it has been a smooth loan experience which I had with HDFC LTD till date.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 11, 2018
    • HDFC Limited Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My home loan was taken with HDFC LTD The loan amount was 10 lakhs and the given interest rate was 8.45% which is satisfactory . Their customer service and responses was up to the mark.The executives were very lethargic and they were not proactive.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 08, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My home loan was taken with HDFC LTD. The loan amount was 14 lakhs and the interest rate was 8.65% which is average. The process was very good and the documentation was very easy .The loan was approved on time here and the processing fee was nominal.
      Was this review helpful? 0
      , delhi
      Reviewed on Jun 08, 2018
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My home loan was taken with HDFC LTD. The loan mount was 30 lakhs and the given interest rate was 8.45% which is satisfactory . The customer service and responses was up to the mark.The processing fee was 8,500 and they have sanctioned the loan within the committed time.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 08, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan from HDFC LTD and my experience was good, the loan amount was for Rs 15 lakhs with rate of interest of 8.4% which is nominal in the market. The process was quick and i received my loan amount on time. The tenure period for this loan is 30 years.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 05, 2018
    • HDFC Limited Home Loan
      "Average"
      0.5 1.0/5 "Really Bad"
      My home loan was taken with HDFC LTD. The customer service e and responses was not good at all. The executives were not good and they have taken much tie for the process. The loan amount was 5lakhs and the interest rate was bit higher than other banks.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 05, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan application was approved with HDFC ltd and the experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to other sources. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , delhi
      Reviewed on May 31, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My home loan application was closed with HDFC LTD, the reason why the application is closed is because the broker did not accept the property by loan. Customer service was good and they followed up on time. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , chennai
      Reviewed on May 31, 2018
    • HDFC Limited Home Loan
      "Very good service"
      0.5 4.5/5 "Excellent!"
      I have taken this loan almost two years back, the process has been very good with them. They have provided with a good interest rate and the process has been got over in 10-15 days and i have been satisfied with the loan amount. The process has been smooth and there has not been any issues.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 31, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      My home loan application was closed with HDFC LTD because the location was out of the geographical coverage. When it comes to customer service, it was good and they followed up on time. The rate of interest was nominal when compared to other sources.
      Was this review helpful? 0
      , delhi
      Reviewed on May 29, 2018
    • HDFC Limited Home Loan
      "Needs to improve on customer service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the home loan from HDFC LTD, my loan application was closed because i have taken loan from other bank. Customer service was not up to the mark as their response was delayed. The rate of interest of 8.4% was nominal when compared to other sources.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 29, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan application was closed with HDFC LTD, the reason why the application is closed is because i have taken loan from other bank. Customer service was good with HDFC LTD and they followed up on time. The rate of interest of 8.55% is little high when compared to others.
      Was this review helpful? 0
      , pune
      Reviewed on May 29, 2018
    • HDFC Limited Home Loan
      "Need to reduce ROI"
      0.5 2.0/5 "Expected more"
      My home loan application was closed with HDFC LTD because i have postponed the plan to get the home loan. Customer service was good with HDFC LTD, they followed up on time and their response was on time. The rate of interest was high when compared to other sources.
      Was this review helpful? 0
      , pune
      Reviewed on May 28, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan application was approved by HDFC LTD and the experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. The process took 1 month to complete and the documents were collected on time.
      Was this review helpful? 0
      , pune
      Reviewed on May 24, 2018
    • HDFC Limited Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a home loan from HDFC LTD for almost 15 lakhs. The application and documentation process was super fast. The interest rate was also nominal when comparing with the other banks. Overall the whole loan application process was easy as a breeze.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 24, 2018
    • HDFC Limited Home Loan
      "Supportive services"
      0.5 5.0/5 "Blown Away!"
      My home loan was with HDFC Ltd earlier. I have closed the loan too. The experience is good and they were very supportive. Though I was in another location. The executives came over to my end and collected the paper work. The interest rate and charges was also normal.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2018
    • HDFC Limited Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I am happy with the customer service of HDFC LTD as they responded on time and follow up was done. My home loan application was closed with HDFC LTD due to personal reason. The rate of interest was nominal when compared to all other sources in the market.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2018
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