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  • HDFC Ltd. Home Loan

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  • HDFC Ltd. offers affordable home loans to eligible borrowers with interest rates starting at 6.95% p.a. over extended loan tenures up to 30 years. The processing fee associated with these housing loans ranges from 0.50% to 1.50% of the loan amount (Min. Rs.3,000; Max. Rs.4,500) plus applicable taxes depending on the type of employment.

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    We found 1 HDFC LTD Home Loan
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    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    6.95% - 7.50% Floating
    Up to 0.50%(Max ₹11,800) One time fee
    5L - 10Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Think about
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    Good to Know
    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 06 Aug 2020
    Retail Prime Lending Rate 16.20%
    Loan Amount Based on customer profile
    Processing Fees Up to 1.5% of loan amount (min. Rs.3,000)
    Penal Interest Rate Up to 24% p.a.
    Prepayment/Foreclosure Charges 0% - 2%
    Max Tenure 30 Years
    Rate Packages Available Fixed/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 Home Loan Interest Rates Aug 2020

    HDFC's Home Loan interest rate offered to you stands lowest at 6.95% p.a. will depend on several factors including your employment type and credit score. Find below the interest rates charged on different home loans for salaried and self-employed professionals/non-professionals:

    HDFC Home Loan Schemes Interest Rate TruFixed loan Rates
    HDFC Home Loan 6.95% - 7.50% p.a.* 8.20% - 9.15% p.a.
    HDFC Rural Housing Loan 7.35%- 9.10% p.a. 8.70% - 10.30% p.a.
    HDFC Reach Home Loan 9% to 14% p.a. -
    HDFC Plot Loan 7.05% - 8.10% p.a. 8.30% - 9.25% p.a.
    HDFC Home Improvement Loan 6.95% - 8% p.a. 8.20% - 9.15% p.a.
    HDFC Home Extension Loan 6.95% - 8% p.a. 8.20% - 9.15% p.a.
    HDFC Top Up Loans 6.95% to 8.80% p.a. 8.85 – 9.35% p.a.

    Note: *Home Loans Interest rate at 6.95%* p.a. onwards is for women

    HDFC Ltd. Home Loan Schemes and Offers

    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 6.95% p.a. The financing amount and tenure varies from scheme to scheme.

    • 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.) 6.95% to 8%
    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.) 7.05% 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.) 7.35% 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% (TruFixed Loan)
      Processing Fee 2% 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.) 6.95% 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.) 6.95% 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)
    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.

    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 BankBazaar 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

    Age 18 years to 70 years
    Nationality Indian, NRI
    Type of Employment Salaried, Self-employed (professional and non-professional), and retired

    Documents Required for All Home Loan Applicants Under HDFC

    For self-employed applicants For 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

    HDFC Ltd. Home Loan FAQs

    1. What are the factors that will define the tenure for my home loan?

      The tenure may vary from scheme to scheme. However, there are certain factors that can have an impact on the tenure. They are:

      • Your profile
      • Your age at the time of loan maturity
      • Age of the property at the time of loan maturity
      • The repayment scheme you have opted for
    2. What are my repayment options?

      Some of the repayment options for home loans offered by HDFC Ltd. include:

      • Tranche Based EMI
      • Step Up Repayment Facility
      • Accelerated Repayment Scheme
      • Flexible Loan Instalments Plan
      • Telescopic Repayment Option

      Note that the plans mentioned may not be applicable for all the schemes.

    3. Other than processing fees and interest rates, what are the other charges that I may have to incur?

      Other charges include penalty charges for delayed payments, incidental charges, property insurance charges, fees on external opinion, regulatory charges, cheque dishonour charges, re-appraisal of loan charges, requests made toward photocopy of documents, changes in the loan term, prepayment charges, and conversion fees.

    4. What are the benefits of adding a co-applicant?

      You can maximise the loan amount by adding a co-applicant. Additionally, having a woman co-applicant will help you get better interest rates on your loan.

    5. Who can apply for an HDFC Ltd. Top Up Loan?

      Anyone with an existing Home Loan, Home Improvement Loan, or Home Extension Loan can avail the Top Up Loan facility. You can get up to Rs.50 lakh with this facility.

    6. What’s the difference between a Home Improvement Loan and Home Extension Loan?

      If you want to add extra spaces or rooms to your existing houses, the cost can be taken care of by availing the Home Extension Loan. On the other hand, you can take a Home Improvement Loan if you are planning to renovate your house.

    7. How long does it take to disburse the loan?

      If all your documents are valid, it won’t take too long to disburse the amount. If you are self-employed having a business of your own, the verification process may stretch a bit.

      

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    HDFC LTD Home Loan Reviews

    • HDFC Limited Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      HDFC people guided to take Pradhan Mantri scheme for the home loan. The amount was sanctioned of 25L and subsidiary amount of 2.67L. The tenure period of 20 years. An interest rate was fine of 8.5%. Pre closure is applicable with nominal charge. The process was good hence they have sanctioned the loan within 20 days. EMI need to pay of 22413 rupees.
      Was this review helpful? 49
      , kanchipuram
      Reviewed on Mar 09, 2020
    • HDFC Limited
      HDFC Limited Home Loan
      "Comfortable process "
      0.5 5.0/5 "Blown Away!"
      I got home loan offer from HDFC Limited on one year back. I applied via online, the amount was sufficient with tenure period of 15 years. The rate of interest is moderate. I took this loan to buy an apartment. EMI need to pay of 36K. Pre closure is applicable but there is locking period of 6 months. Their service is good.
      Was this review helpful? 5
      , alleppey
      Reviewed on Mar 07, 2020
    • HDFC Limited Home Loan
      "Best Service"
      0.5 4.0/5 "Great!"
      I have taken home loan directly through Hdfc Ltd.The rate of interest and the processing fee was nominal.This loan was processed on faster basis without any hassles.The agent gave a clear picture about the loan process .There was proper notification from bank end and i am satisfied with the service .
      Was this review helpful? 8
      , chennai
      Reviewed on Mar 06, 2020
    • HDFC Limited Home Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      In HDFC, they were forcing me to taking a home insurance when i availed my home loan. Its just because of my landlord person since he was having their existing loan with HDFC hence have continued the same. They have offered me an interest rate of 9.25% and i need to pay the EMI amount of Rs. 10000 for the loan amount of Rs. 10 lakhs.
      Was this review helpful? 16
      , rajkot
      Reviewed on Mar 05, 2020
    • HDFC Limited Home Loan
      "Average Service"
      0.5 1.0/5 "Really Bad"
      I have taken home loan directly through HDFC LTD .The rate of interest and the processing fee was very high .This loan got sanctioned on time but the service was not upto the mark. This loan is active and they haven't inform me about the interest rates since I was busy.
      Was this review helpful? 2
      , ludhiana
      Reviewed on Mar 04, 2020
    • HDFC Limited Home Loan
      "Worst possible experience for NRI home "
      0.5 0.5/5 "Unacceptable"
      Absolutely don't go to hdfc for an NRI home loan. They are bunch of incompetent unhappy employees who don't have a clue on what they are supposed to be doing. They can't understand even a simple bank statement from a US bank. Don't waste your time. Go to one of the other Banks in India. After asking for a ton of documents and wasting 2 months of my time, I withdrew my loan application and paid the builder from my own funds. Every other day, I get an email asking to call and the person I am looking for is never available to take my call. They take a message over the photo but never call back. By far the worst bank for NRI home loans in my opinion. Funny thing is I had taken an NRI home loan from hdfc in the past and paid off the loan 5 years ahead of time. Between myself and my wife we make a decent amount of money. We own 7 independent homes in USA and 5 more in India. We get a rent of more than Rs 1 lakh in India per month which is more than enough for the EMI. Totally avoid this bank
      Was this review helpful? 5
      , hyderabad
      Reviewed on Mar 03, 2020
    • HDFC Limited Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for HDFC Ltd home loan through online .I was working in Cochin and my native was Patna so need loan on Patna since residing in Cochin at that time unable to get the loan .The rate of interest was very high and the agent gave all the information about the loan process as well as got proper response .
      Was this review helpful? 1
      , kochi
      Reviewed on Feb 17, 2020
    • HDFC Limited Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken home loan directly through HDFC LTD .The rate of interest and the processing fee was really good .The home loan process was clearly explained by the agent .I have got this loan without any delay . Overall am really satisfied with the service so far .
      Was this review helpful? 1
      , bangalore
      Reviewed on Feb 08, 2020
    • HDFC Limited Home Loan
      "Excellent Loan Service"
      0.5 5.0/5 "Blown Away!"
      I have my housing loan from HDFC because documentation process was easy and I can check everything on their net banking. On their portal, they have a option to change the interest rate for that there will be a extra charges based on the credit i have and they will decide the interest rate based on the customer profile. The process is so simple. Whatever the requirement is there for me I can do it on my own through net banking.
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Jan 29, 2020
    • HDFC Limited Home Loan
      "HDFC Home Loan - Kochi Branch- Worst Experience"
      0.5 0.5/5 "Unacceptable"
      HDFC provides the worst customer care ever. I had tried applying for a home loan from them and it is been more than 4 months and still the process has not been completed. Called them up multiple times from UK but very bad response. They showed much eager to obtain 12,000Rs from me for processing fee but no amount of effort was put forth from them. The manager nor the executive mentioned about a Power of attorney/ Notary service, only after me inquiring with my friends who have taken similar loans, I came to know about these mandatory documents for NRI. Again Mr.Abhilash and Mr.AkhilRaj acted as if it was my issue and they were not bothered. I sent all the documents to them via mail from UK 3 weeks back and till date they didn't respond whether they have received it or not. I called them everyday from UK waiting my time, energy and money. The anxiety they showed towards 12,000rs processing fee got over once I sent them the cash. My registration is not completed. For nearly 5 months, I
      Was this review helpful? 10
      , kochi
      Reviewed on Jan 20, 2020
    • HDFC Limited Home Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken home loan through HDFC LTD directly .I have taken this loan before 15 years .I am not sure about rate of interest since availed long back ,I have got the loan on time and without any drawbacks closed this loan successfully.The loan process was clearly discussed by the agent am fully satisfied with their service
      Was this review helpful? 3
      , chennai
      Reviewed on Jan 20, 2020
    • HDFC Limited Home Loan
      "prompt app based sercice."
      0.5 3.0/5 "Satisfactory"
      theybhelped me transfer my loan. they r much focussed on small documents and delayed due to it but deliveredat last. got my emi reduced by 3000/- approx. the agent concerned was verybhelpful and collected all details from my home. it was actually home based home loan.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jan 18, 2020
    • HDFC Limited Home Loan
      "Easy loan"
      0.5 3.0/5 "Satisfactory"
      My home loan was taken from HDFC Limited but the rate of interest was nominal. The interest rate was 10.8% when I took the loan and it will be good if I get an offer around 8%. Pre closure is there, but i am not sure about the charges and i am paying EMI of Rs.20280 with the tenure of 15 years.
      Was this review helpful? 3
      , chennai
      Reviewed on Jan 17, 2020
    • HDFC Limited Home Loan
      "Easy process"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan through HDFC in the year of 2014.The rate of interest was very nominal and have processed due to my requirements.The rate of interest was 10.25% and the EMI of 22210 and there is a no processing fee. Documentation process was simple, executive collected the documents.
      Was this review helpful? 2
      , thane
      Reviewed on Jan 12, 2020
    • HDFC Limited Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My home loan was availed through HDFC Ltd.I have completed successfully one year now.This loan was sanctioned on time without any delay.The agent shared all the details about the loan process ,The loan process was clearly shared by the agent ,This loan is still active on my account ,I have not yet undergone any drawbacks until i received the loan.
      Was this review helpful? 2
      , sitarganj
      Reviewed on Jan 12, 2020
    • HDFC Limited Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I am very much comfortable with HDFC limited and I have taken a home loan to purchase the constructed property. I have applied through bank executive and the process was easy and quick. They offer with the rate of interest around 8.75% floating.
      Was this review helpful? 2
      , noida
      Reviewed on Jan 04, 2020
    • HDFC Limited Home Loan
      "Interest rate should be changed automatically "
      0.5 3.0/5 "Satisfactory"
      I have taken a home loan from HDFC Limited before 3 years. Loan amount is 37 lakhs with the interest rate of 8.75% floating. It is a pathetic service according to the change interest rate. If the rate is reduced they will not change it, I need to contact customer support and mail them to get back my money. It is increased will be done automatically without any notification regarding the EMI amount.
      Was this review helpful? 9
      , ghaziabad
      Reviewed on Dec 31, 2019
    • HDFC Limited Home Loan
      "Nice loan service"
      0.5 4.0/5 "Great!"
      I have taken the home loan from HDFC Limited when i purchased the house. There is no requirement to call the customer care because i used to resolve the issue in app. but the interest rates are very high since my builder has a tied up with HDFC and i have no other option so that i went with them. They do have a part payment and pre-closure facility without having any additional charges.
      Was this review helpful? 5
      , mumbai
      Reviewed on Dec 28, 2019
    • HDFC Limited Home Loan
      "Easy to apply the loan "
      0.5 5.0/5 "Blown Away!"
      I have taken home loan directly through HDFC LIMITED.The rate of interest and the processing fee was quite nominal. This loan was sanctioned within 12 working days loan is still active and i have submitted the required documents as well .If EMI is paid on delay basis there will not be extra charges and there is no cheque bounces till date.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 27, 2019
    • HDFC Limited Home Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      Chosen my home loan from HDFC because of the low rate of interest. I bought the loan amount of Rs. 30 lakhs and they took around 1 month to sanctioned this loan. They have provided me an interest rate of 8.9%. I have been paying the EMI amount of Rs. 28000 per month for the duration of 20 years.
      Was this review helpful? 5
      , kolkata
      Reviewed on Dec 24, 2019
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