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.
|Interest Rate||6.95% p.a.|
|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|
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 HDFC Ltd. Home Loan Processing Fees and Charges
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
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 Ltd Home Loan Calculation
|Amount||10 years||20 years||30 years|
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 home loan EMI calculator.
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.
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
|Age||18 years to 70 years|
|Type of Employment||Salaried, Self-employed (professional and non-professional), and retired|
|For self-employed applicants||For salaried applicants|
You can apply for a home loan through HDFC Ltd. by using any one of the following 3 methods:
Application through BankBazaar: You can visit the official website of BankBazaar at www.bankbazaar.com and navigate to the ‘Home Loan’ section under the ‘Loans’ menu. You will be able to see the list of loan providers. Click on the ‘Apply Now’ button next to the HDFC Ltd. Home Loan section and follow the on-screen instructions to easily apply for a loan.
You can also easily check the Home Loan status through BankBazaar.
Online application through the HDFC Ltd. Portal: You can visit the official HDFC Home Loans portal at https://portal.hdfc.com/campaign/new and fill up the form by following the on-screen instructions. You can track the status of your HDFC home loan application as well through this portal.
Offline application: You can also use the offline mode to apply for a home loan through HDFC Ltd. You can visit one of the nearest branches and get in touch with an executive from the home loan department to guide you through the process. Alternatively, you can also get in touch with the HDFC Home Loan Customer Care service for the same.
HDFC Corporate Office Address:HDFC House, H T Parekh Marg,
Contact Number: +91 (22) 6663 6000
The tenure may vary from scheme to scheme. However, there are certain factors that can have an impact on the tenure. They are:
Some of the repayment options for home loans offered by HDFC Ltd. include:
Note that the plans mentioned may not be applicable for all the schemes.
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.
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.
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.
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.
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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