HDFC Ltd. offers affordable home loans to eligible borrowers with interest rates starting at 6.70% p.a.* (special offer). The EMI starts at Rs. 646* per lakh for loans up to 30 years. The processing fee associated with these housing loans will be a maximum of Rs.3,000 (plus applicable taxes) for employed individuals and Rs.5,000 (plus applicable taxes) for self-employed individuals.
HDFCs Home Loan Detail| Interest Rate | 6.70% p.a. onwards* |
| RPLR | 16.05% |
| Loan Amount | Based on customer profile |
| Processing Fees | 0.5% - 1.5% |
| Penal Interest Rate | Up to 24% p.a. |
| Prepayment/Foreclosure Charges | 0% - 2% |
| Max Tenure | 30 Years |
| Rate Packages | Fixed/Floating |
HDFC Ltd. Home Loan interest rates start at 6.75% p.a. (special offer).There are a number of home loan offers provide by the institution which can be listed as follows:
Rates Updated on 23 May 2022| HDFC Housing Loan Schemes | Interest Rates |
| HDFC Home Loan | 6.70% p.a. onwards. |
| HDFC Rural Housing Loan | 6.95% p.a. to 8.70% p.a. |
| HDFC Home Improvement Loan | 6.75% p.a. to 8% p.a. |
| HDFC Home Extension Loan | 6.75% p.a. to 8% p.a. |
| HDFC Home Loan Top Up | 8.30% p.a. to 8.80% p.a. |
| HDFC Plot Loan | 7.05% p.a. to 8.10% p.a. |
| HDFC Home Loan Balance Transfer | 6.75% p.a. to 8% p.a. |
| HDFC NRI Home Loan | 6.75% p.a. to 8% p.a. |
| HDFC Reach Home Loan | 8.75% p.a. to 14% p.a. |
Compare: Current Home Loan Interest Rates
| Processing Fees | 0.5% - 1.5%* |
| Penal Interest Rate | Up to 24% p.a. |
| Prepayment/Foreclosure Charges | 0% - 2% |
| Check dishonor charges | Rs.200 |
| PDC Swap charges | Up to Rs.200 |
| Alteration of loan tenure | Up to Rs.500 plus applicable taxes |
*Under this campaign, the processing fee for the loans will be limited to Rs.3,000 (plus taxes) for employed individuals and Rs.5,000 (plus taxes) for self-employed individuals.
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 Home Loan Processing Fees and Charges.
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 will be followed by an amortisation table giving you a comprehensive breakdown of your payment schedule.
HDFC Ltd Home Loan Interest Calculation| Amount | 10 years | 20 years | 30 years |
| Rs.10 Lakh | Rs.11,585 | Rs.7,723 | Rs.6,619 |
| Rs.20 Lakh | Rs.23,170 | Rs.15,446 | Rs.13,239 |
| Rs.40 Lakh | Rs.46,340 | Rs.30,892 | Rs.26,478 |
| Rs.50 Lakh | Rs.57,925 | Rs.38,615 | Rs.33,097 |
Note: Interest rate considered as 6.95% p.a.
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.
The eligibility of a customer for the HDFC Ltd. Home Loan is primarily ascertained on the basis of their income and loan repayment capacity. HDFC Ltd. takes a number of other factors under consideration as well such as the ages of the applicant, credit score, credit history, etc. The basic eligibility criteria can be summed up as follows:
| Particulars | Salaried Individuals | Self-Employed Individuals |
| Age | 21 years to 65 years | 21 years to 65 years |
| Minimum Income | Rs.10,000 p.m. | Rs.2 lakh p.a. |
| Nationality | Resident Indian | Resident Indian |
Learn Further: Check HDFC Home Loan Eligibility
HDFC Ltd. offers a plethora of home loan plans for salaried and self-employed individuals. Given below are the list of all the schemes which can be availed by the customers
The documents required for the HDFC Ltd. Home Loan can be summed up as follows:
| Document Type | Document Required |
| Proof of identity and address | Aadhar card, voter ID, passport, or driving license |
| Property-related documents |
|
Further Reading: Home Loan Documents Required
You can apply for a home loan through HDFC Ltd. by using any one of the following 3 methods:
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.
You can visit the official HDFC portal 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.
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.
You can get in touch with HDFC Ltd. Home Loan Customer Care for any questions, queries, and doubts.
| Toll Free Number | 1800 258 38 38 and 1800 22 40 60 |
| HDFC Corporate Office Address | HDFC House, H T Parekh Marg, 165-166, Backbay Reclamation, Church gate, Mumbai Pin-400 020 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.
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.
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.
HDFC Ltd. disburses the funds for a property which is under construction in instalments. These disbursements are based on the progress of the construction and are called subsequent or part disbursement.
The EMIs for the HDFC Ltd. Home Loans are payable from the month subsequent to the one during which the loan amount is disbursed. In the case of under construction properties, HDFC Ltd. offers the facility of starting the EMIs after the entire loan amount is disbursed. However, customers get the liberty to start paying off their EMIs as soon as the first subsequent disbursement of loan is made.
HDFC Ltd. Home Loan eligibility comprises of a number of factors. HDFC Ltd. will decide the final loan amount on the basis of your income, credit history, and loan repayment capacity. The stability and continuity of your occupation will also play a major role in this case.
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