A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    HDFC Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.45% Floating
    0% to 0.5% (max. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.40% Floating
    0% to 0.5% (max. ₹10,000) One time fee
    5L - 10Crs Women's Special!
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Fees & Charges
    Good to Know
    Eligibility Criteria

    HDFC Home Loan is Rated as "Pretty good" by 4072 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    When speaking of India’s biggest and most successful banking organizations, the name of Housing Development Finance Corporation Limited or HDFC Bank, as it is popularly known, is an enduring and famous identity. The 20+ years old organization offers a number of financial products in the Indian market, the HDFC Bank Home Loan being a popular member of this competent arsenal of products. With over 4.4 million loyal and satisfied customers across the country, and the distinction of being a trendsetter when it comes to this competitive sphere of operations, housing loan from HDFC Bank has always been a numero Uno preference amongst the serious seekers of home loans in India.


    You’re probably eligible for an HDFC Limited Home Loan if you are

    HDFC Bank Home Loan Minimum Age

    At least 21 years old

    HDFC Bank Home Loan Maximum Age

    Less than 60 years old

    HDFC Bank Home Loan Eligible Employment Type

    Salaried with regular income

    HDFC Bank Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your HDFC Limited Home Loan amount eligibility is based on these factors

    HDFC Bank Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    HDFC Bank Home Loan Maximum Loan to property value

    Loan capped @ 90% of property value

    HDFC Bank Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible HDFC Limited Home Loan amount by these steps

    HDFC Bank Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    HDFC Bank Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years

    HDFC Bank Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an HDFC Limited Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Processing fee cheque
    • 4. Last 6 months bank statements
    • 5. Documentation for salaried applicants:
      • Latest Salary-slip
      • Form 16
    • 6. Documentation for self-employed applicants:
      • Education qualification certificate & proof of business existence
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years Profit / Loss and Balance Sheet


    HDFC Limited Home Loan Interest RatesUpdated on 25 May 2016

    HDFC Limited Home Loan Details
    Interest Rate General Customers - 9.45%
    Women Borrowers - 9.40%
    Processing Fees Up to 0.50% of the loan amount or Rs.10,000 whichever is minimum
    Loan Tenure 1 Year to 30 years
    Guarantor Requirement No Guarantor Required
    Partial PrePayment Charges Nil
    Pre-closure Charges Nil


    Home Loans from HDFC Bank Ltd.

    What makes a good home loan, especially a popular housing loan in India? In the order of severity, competitive interest rate, expansive set of features, ease of application, flexible tenure and expert customer support are the primary factors that define the popularity of any home loan option. HDFC Bank boasts of a home loan offering that attractively includes all these fundamental requirements and further sweetens the deal with a series of additional features and benefits. The bank takes its standing as a customer favorite seriously and is always on the forefront of innovation and simplification of traditional banking practices. No wonder, HDFC bank has emerged as an overwhelming favorite amongst the Indian populace, even though it isn’t as old as some of the other goliaths in the intensely competitive landscape of Indian banking.

    HDFC Housing Loans are offered per the following conditions:

    1. For purchase of new homes
    2. For purchase of resale homes
    3. For constructing new homes and/or purchase of property
    4. Transfer of home loan from another lender onto HDFC

    Additionally, the bank offers the following types of home loans, based predominantly on the type of audience targeted:

    Home Loan Type Target Audience
    Home Loan for Salaried and Self-Employed Professionals who are self-employed and salaried, non-professional self-employed people.
    HDFC Pre-Approved Loan Scheme For those looking to negotiate better with their sellers or mark their own financial credibility.
    HDFC NRI Home Loan Non-resident Indians willing to purchase a property in India.
    HDFC Home Loan Transfer For those looking to shift from existing exorbitant interest rates and costly EMIs over to HDFC’s advantage in this regard.
    Home Improvement Loan (HIL) Looking to upgrade home/property by making structural improvements, painting, and waterproofing, roofing and internal, external repairs.
    Home Extension Loan Addition of extra rooms to an existing home, or similar modifications.
    HDFC Special Home Loan for Agriculturists For farmers to buy property in residential areas of villages. No mortgage of agricultural land is required.
    HDFC Rural Housing Finance This loan is extended to private sector and government employees for properties in rural residential areas.

    Expounded in this document are reasons why you must look out for the HDFC home loan option, its various features and benefits, criteria adding up to the HDFC home loan eligibility, the latest interest rates and other such vital details. Read on…

    Features and Benefits of HDFC Housing Loans:

    The following pointers elevate HDFC housing loan to the top of its class:

    1. Comprehensive loans for the purchase of flats, apartments, independent house, housing properties from private developers in suitably approved projects, properties from public sector development companies like BDA (Bangalore Development Authority) etc.
    2. Competitive, attractive and affordable interest rates.
    3. Innovative customized product offerings including home extension loans, home improvement loans, etc.
    4. Customer friendly repayment options including flexible repayment tenure of upto 30 years.
    5. Zero hidden charges and complete transparency with regards to the application, approval and repayment stages.
    6. Simplified loan processing with door-step service. Also, legal and technical assistance available to help you evaluate your requirements better and make the correct choice.
    7. Vast network of bank branches and additional resources to ensure country wide availability and servicing.
    8. Special offers for NRI, farmers, agriculturalists, horticulturalists, people employed with the Indian Army etc.

    HDFC Home Loan Eligibility:

    Prospective borrowers must satisfy the following criteria to be deemed eligible for the home loan from HDFC Bank:

    1. Housing loans can be applied for individually or jointly with a co-applicant(s).
    2. Every proposed owner of the property is counted as a co-applicant. However, all co-applicants are not deemed as co-owners. Ideally, co-applicants are immediate family members.
    3. HDFC Housing Loans are offered to salaried and Self-Employed individuals. The proposed borrower must possess all relevant documents to prove this status.
    4. HDFC NRI Home Loans, naturally, are offered to certify Non-Resident Indians. It is imperative that the proposed applicant prove his/her status as an NRI.
    5. HDFC Rural Home Loans are offered to farmers, agriculturalists, horticulturalists, dairy farmers, etc.

    HDFC Bank, in its individual capacity, may require additional proof and qualifications to consider you eligible for a home loan. Kindly consult your nearest HDFC Bank for the same.

    HDFC Home Loan Fee and Charges:

    When referring to fees and charges attached to the HDFC Bank Housing Loan, their decremented magnitude and transparent nature are highly commended by the borrowers of this enterprising home loan product. Herein, a table of applicable fees and charges gives you a bird’s eye view of the overheads attached to your proposed loan,

    Item Fees
    Processing Fee 0.50% of loan amount or Rs.2000 (whichever is higher) plus taxes.
    Prepayment Charges- Adjustable Rate Home Loans (ARHL)
    • Loans sanctioned to individuals: -Nil-
    • For all other loans: No prepayment charges for any amount upto and equal to 25% of the initial principal balance for a given fiscal year.
    • If amount is in excess of 25%: 2% prepayment charges + taxes. Herein prepayment is done within 3 years from the loan’s disbursement date.
    • Post 3 years: No prepayment charges when part prepayments are made. However, if a full prepayment is made, and the same is done with the help of a loan from a bank, housing finance company, NBFC or other financial institution, then 2% fee + taxes apply.
    Prepayment Charges- Fixed Rate Home Loans (FRHL)
    • No prepayment charges apply if said payment is made from a personal source. A personal source by definition relates to money that isn’t sourced from a bank, housing finance company, NBFC or any other financial institution.
    • Alternatively, if a non-personal source (as listed above) is used then 2% of the outstanding amount that is being prepaid, alongside taxes will apply.

    New HDFC Home Loans Interest:

    HDFC Bank offers a very competitive rate of interest on its housing loans. The bank currently offers a floating rate of interest of 9.45%. The bank offers a discount on home loan interest rates for women customers. As of now the bank offers a discount of 0.05% at 9.40% on its home loans for women borrowers. It is to be noted that this type of interest rate tends to vay depending on the market.

    HDFC Home Loan Repayment:

    HDFC Bank offers a number of repayment options that are intended to help the borrower customize his/her repayments in line with his/her unique conditions. Flexibility is the key here and the customer is free to choose the option that works best for him/her. Summarily, the following repayment options are available:

    Step Up Repayment Facility (SURF): This repayment scheme is based on the expected income growth of the borrower. In the initial years, you can pay substantially lower instalments and still avail a high quantum of loan. Subsequently, the repayment increases proportionally with the assumed growth in the borrower’s income.

    Tranche Based EMI: In case you purchase a property that is under construction, you are required to pay the interest amount for the loan till the final disbursement of loan amount and then pay the EMIs thereafter. With tranche based EMI, customers can immediately start on the principal repayment and start paying EMIs on cumulative disbursed amount.

    Flexible Loan Instalments Plan (FLIP): FLIP is essentially a customized solution that is linked to the repayment capacity of the borrower which may change through the loan tenure. The repayment schedule is configured in such a way that the instalment is higher during initial years of the term and then decreases proportionally to the income.

    Accelerated Repayment Scheme: This is a flexible scheme where you can increase the EMIs every year, proportional to your income growth which will enable you to repay the loan much faster.

    Telescopic Repayment Option: Telescopic repayment plan will get the borrower a longer repayment tenure of up to 30 years which means the EMIs will be more affordable and the loan eligibility will also be enhanced.

    Documents required for HDFC Home Loans:

    In order to avail the HDFC Bank Housing Loan, a prospective borrower must supply the following documents that confirm his/her identity, address, occupation, salary and other such vital details. A detailed list of documents are as follows:

    Requirement. Requisite Documents.
    Identity and address proof Voter’s ID, Aadhaar Card, Passport, Driving Licence, PAN Card.
    Income proof Last 6 months bank statement with clear attribution to monthly salary credits, Last 3 months salary slips, Latest Form-16 and IT returns.
    Additional documents Employment contract, Appointment letter (applies only if the current employment is less than a year old), Cheque to effect payment of the processing fee, Passport sized photographs of applicant and co-applicants (this must be suitably appended to the application form and said applicant/co-applicants must sign across the same), Bank statement for the last 6 months to ascertain payments for other ongoing loan repayments in this duration.
    Documents relating to property Copies of buyer agreement or allotment letter (whatever the case may be), Receipts of payments made to the developer.

    Why apply for HDFC Home Loan on BankBazaar.com?

    When speaking of the best third party website for comparing banking products in India, BankBazaar.com is the overwhelming favorite. The following lists the express reasons why you should apply for your HDFC Bank Home Loan on BankBazaar.com:

    1. Incredibly Simple: All the requisite information with regards to the housing loan from HDFC Bank are comprehensively listed and can be easily found on the website.
    2. Unbiased Reporting: As BankBazaar is a third party website, we aren’t towing HDFC’s agenda. Thus, you will be treated to the most current reviews, opinions, rates and information pertaining to HDFC Home Loan without the hint of an obvious marketing angle.
    3. Easy Application Process: User experience is very dear to BankBazaar.com, thus the basic loan application procedure is simplified to the maximum. Additions such as checking your eligibility and home loan EMI calculation are neatly laid out and can be easily utilized. BankBazaar.com strives to be your one-stop-shop when it comes to HDFC Home Loans in India.
    4. Saves Time: Unlike the offline option, or pinging up the bank’s own online portal, BankBazaar’s treatment of this home loan product is very personalized and devoid of unnecessary red-tape. Thus, aside from saving time, it saves your energy, monies and the very fragile patience.
    5. Watch Out for the Offers & Discounts: From time to time, BankBazaar puts forth offers and discounts to benefit its horde of loyal customers. Gift coupons, cashback and other surprises are there for the taking, why not benefit from the same?
    6. Join the Community of Happy BankBazaar Customers: BankBazaar.com has been around for a while and has earned the reputation as one of the ‘go-to’ websites when it comes to online home loan application. Its HDFC Housing Loan product is a clear favorite and has been the undisputed choice of thousands of satisfied customers, just as you will eventually be. Read the peer reviews and check out what others before you have to say about HDFC’s home loan.
    7. Compare Against Similar Housing Loans: BankBazaar.com lists home loan products from a plethora of other popular lenders in India. If you aren’t completely convinced about the home loan option from HDFC, take a dive into the other options available to you (thanks to BankBazaar’s homegrown loan selection wizard) and select the one that best suits your express requirements.

    How to Apply for HDFC Home Loan at BankBazaar.com?

    What happens when a popular home loan product meets a disbursal platform that is given top marks for user experience and informational value? You get the blueprint to apply for HDFC housing loan on BankBazaar.com. The steps, as listed below, are simple and quick:

    1. On the BankBazaar.com homepage, select the ‘LOANS’ option from the navigational panel at the top. Next, select ‘Home Loan’ from the ensuing scroll-down table.
    2. Spread before you is an impressive selection of BankBazaar’s most popular home loan products. Scroll down and select the HDFC Home Loan option. Notice the immediate availability of some of the basic information relating to this product: Range of interest rate, Range of processing fee, Loan amount offered and Tenure range. Helpful, right? Aside from the above information, two buttons are immediately visible: Explore & Get Quote.
    3. Explore: Clicking on this button will open up a page with listing of all the varied home loan products offered by HDFC. Additionally, the page gives comprehensive information about the various facets of this loan option. There is an ‘Apply Now’ link listed on the right hand corner of this page that can be seen if you scroll down a wee bit. Clicking on this link will open up the wizard that is better described in the next point.
    4. Get Quote: Clicking on this option will launch a wizard that will guide you through a series of queries that are designed to check your eligibility for this loan. Just answer this simple questionnaire and click on the ensuing ‘Submit’ button. You also have the option to save your application form.
    5. Finally, the application will be forwarded to HDFC Bank for further processing. The status of your loan application will be regularly updated to you through SMS notifications and timely emails.

    How to calculate EMI for HDFC Bank Home Loans:

    Where there are home loans, there are home loan EMIs. Equated Monthly Installments are a reality of life and calculating them with the precision of a chartered accountant isn’t everybody’s cup of tea. BankBazaar.com simplifies this ardous task with its friendly Home Loan EMI Calculator. The process listed below will help you ascertain the EMIs applicable on your HDFC housing loan in mere minutes:

    1. On the BankBazaar.com homepage, seek out the ‘EMI Calculator’ option amongst the navigational links provided in the page’s footer. For the more adventurous, check out this link as part of ‘Finance Tools’ that’s listed on the hidden navigational panel, next to the ‘Login’ option, on the navigational panel at the top right corner of the page. Click on the three horizontal lines that will open up this menu panel.
    2. Done? Spread before you is the Loan EMI Calculator page. Scroll down a bit to discover the ‘Home Loan EMI Calculator’ link. Click on the same.
    3. Next, you are led to a fairly simple page that is dominated by two scales. Aptly, ‘Loan Amount’ must be set for your overall loan amount and ‘Tenure’ must be configured for the repayment tenure that applies to your home loan.
    4. The next two fields will account for the ‘Interest Rate in %’ and ‘Processing Fee- marked in terms of % of loan amount’. Supply both these values.
    5. Next, choose if you would like to make pre-payments on the loan amount? If the YES option is chosen, the resultant slab will seek additional information such as pre-payment frequency, pre-payment amount, pre-payment fee and situation wherein pre-payment will apply. Kindly provide all requisite details.
    6. Hit the prominently red, Calculate button.
    7. Within seconds, you have before you all the required information, including the monthly home loan EMI, amount that will correspond to the processing fee and the total interest amount due. Plus, an impressively laid out amortization table will further simplify this calculation through a visually appealing infographic.
    8. Queries? Notice the floating graphic titled ‘How to use EMI Calculator’ on the right hand side of the page? Click on the same to have your basic queries resolved with regards to the functionality and applicability of the home loan EMI calculator.

    And that’s it. How does it feel to be a certified master of the Home Loan EMI calculator?

    FAQs about HDFC Bank Home Loans:

    1. How is my home loan eligibility determined by HDFC?

      HDFC bases the loan eligibility on the customer’s repayment capacity which is decided by several factors like income, age, occupation, co-applicant’s income, number of dependents, assets & liabilities and savings history. You can check for your own eligibility here.

    2. Can I structure my home loan as part fixed or part floating?

      Yes, HDFC Bank offers you the flexibility to schedule your home loan as part floating or fixed in line with your own convenience and requirements.

    3. What is the processing fee for HDFC Home Loans?

      The processing fee is up to 0.50% of the total loan amount or Rs.2,000 whichever is higher plus taxes as applicable.

    4. Am I allowed to prepay my loan? If so, what will be the prepayment penalty?

      Yes, you can make prepayments on your HDFC Housing Loan. The penalty charges for prepayment are listed here.

    5. Who can I assign as co-applicant(s) for the home loan?

      When you are applying jointly for HDFC bank housing loan, all proposed owners of the house must be co-applicants. But, all co-applicants need not necessarily be co-owners. Co-applicants are generally immediate family members.

    6. What is a ‘Plot Loan’?

      The HDFC Plot Loan is a type of home loan that allows borrowers to purchase a plot of land wherein they can eventually build a house. The advantage with this is that the borrower can decide upon his/her requirements in terms of the design of the house and other such requirements. All the essential conditions associated with the standard HDFC home loan shall apply here as well.

    7. What is a ‘Short Term Bridging Loan’?

      As the name so aptly describes, a Short Term Bridging Loan is a financial ‘bridge’ that takes care of your needs before you move into your brand new home, and are still running through the process of selling your old house. This interim period could result in double the expenditure and compliance with a whole bunch of legal and personal issues- necessitating the need for an all-encompassing Short Term Bridging Loan.

    8. Why must I move my existing home loan over to HDFC?

      Not all home loan products are created equal. For long, it was inferred that signing up with a particular home loan provider was a commitment that would only end after the loan has been completely repaid. Also, this meant that the lender’s high interest rates had to be complied with, and that better loan options from other lenders that emerged at a later date were to be seen as missed opportunities. Not anymore!!

      The following are express reasons why you must move your existing home loan over to HDFC:

      • Simple transfer procedure, followed by a chance to gain an additional top-up loan of Rs.35 lakhs.
      • Attractive and best in class interest rates that help you save money.
      • A bunch of customized repayment options to help you pay off the loan amount easily.
      • Absolutely 0% hidden charges.
      • An exhaustive network of HDFC Bank branches across India wherein your loan request can be effectively and quickly serviced.
    9. What are the essential things to remember when applying for the HDFC Home Loan online?

      Online activity, be it simple net surfing or purchasing products/services through shopping portals, must always be cautiously undertaken. When applying for the HDFC housing loan online, ensure that you pay attention to the following:

      Legitimate Source: Online phishing scams are as common as cucumbers in a vegetable salad. Trusted websites like BankBazaar.com offer you the genuinely and security that will help you be confident when sharing your personal and financial information online, in the pursuit of your own HDFC Home Loan.

      Keep Your Information Handy: All the vital details that form the crux of a KYC cycle must be kept handy. This will save you the trouble that is usually associated with the supply of wrong information.

      Know Your CIBIL Score: When considering your eligibility for the loan, all lenders will seek out your CIBIL score to confirm your reliability as a borrower. Keep your nose clean, clear off existing loans and do not default on repayments. A good CIBIL score is literally money in the bank!!

      Seek Help When Needed: When applying for the HDFC Housing Loan online, there will be occasions when concerns and queries will crop up. In such scenarios, dive down to the expert BankBazaar customer support option and get your queries resolved.

    10. What purpose do HDFC Home Improvement Loans serve?

      As the name clearly mentions, a home improvement loan helps you improve the aesthetic and functional qualities of your home. The HDFC Home Improvement Loan can be used for such varied purposes as painting the house, tiling and flooring, plastering, construction of a sturdy fence or border, etc. The borrower must however sufficiently prove that the disbursed loan will be used for the exact purpose for which it is intended.

    Before you apply for the loan, Check your CIBIL Score for HDFC Home Loan

    News About HDFC Limited Home Loan

    • Revised Lending Rates by HDFC Bank Based on MCLR

      HDFC Bank has revised its lending rates based on the new methodology of MCLR (Marginal Cost of Funds based Lending Rate). The Reserve Bank of India has asked banks to set fixed rate loans of up to three-year durations including home loans, according to their marginal fund costs. This uniform method has been proposed in order to maintain fair interest rates for borrowers and banks as well.

      According to sources, HDFC Bank will offer an interest rate of 9.20% for a one-year loan, 9.3% for a two-year loan and 9.35% for a three-year loan. The bank’s minimum lending rate or the base rate has been set at 9.3%.

      7th April 2016

    • 4 - 6 percent surge in HDFC & LIC Housing Finance

      Housing finance firms thrived on heavily after the RBI directed to lower the risk potential on lesser value house loans in an effort to enhance the central government's ‘House for All’ scheme. This is a commendable move to improve the affordability of housing property for financially weaker families and those with lesser earnings, offering an incentive to the scheme while being aware of prudential trepidations. Though it was suggested to bring down the threats appropriate to lesser value, there will be guaranteed home loans available. HDFC increased over four percent while LIC Housing Finance leaped over six percent. But Gruh Finance added only around two percent.

      11th January 2016

    • HDFC’s ‘India Home Fair’ to be presented in September

      HDFC, the biggest housing loan provider in the country, is conducting an ‘India Home Fair’ at Al Falaj Hotel in Muscat in the first week of September. This event will last for 2 days (4 & 5 September 2015) and will display details of plots, price trends and other real estate inclinations in various cities and towns in India, as reiterated by over 40 reliable and renowned builders. The presentation of properties peppered across the country is to reassure the NRIs that there is something in the offing for every one of them, residing in the Sultanate.

      The exhibition, which is the first of its kind conducted by HDFC in Oman, is expected to be huge hit and will succeed in bridging the gap between builders and potential home buyers by amalgamating their resources. They can also get firsthand information about different and tailor-made home loan schemes offered by HDFC.

      1st September 2015

    • HDFC Bank Announces its Standalone and Consolidated Financial Results for Q1

      The unaudited Standalone and Consolidated Financial Results for Q1 of the financial year 2015-16, has been released by HDFC Ltd. The standalone profit reported by the company during this period is Rs. 1,361 crore and the Net Interest Margin is 3.8%, which is spread across loans at 2.31%. The individual loan book has witnessed a growth of 23% and Gross non-performing loans occupy 0.69% of the loan portfolio. The company boasts of an astounding growth in consolidated profit after tax, which stands at Rs. 2,204 crore as compared to Rs. 1,873 crore in Q1 of the last financial year.

      6th August 2015


    HDFC LTD Home Loan Reviews

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