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

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  • HDFC Home Loans offers affordable home loans to eligible borrowers with Interest rates starting at 8.50% p.a. The EMI starts at Rs. 762* 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).

    HDFC's Home Loan Interest Rates
    Interest Rate 8.50% p.a. onwards
    RPLR 18.30%
    Loan Amount Based on customer profile
    Processing Fees Up to 0.50%
    Penal Interest Rate Up to 24% p.a.
    Prepayment/Foreclosure Charges 0% - 2%
    Max Tenure 30 Years
    Rate Packages Fixed/Floating

    *All loans are at the sole discretion of HDFC Home Loans.Terms and conditions apply.

    We found 1 HDFC LTD Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.60% Floating
    ₹3,000 - ₹5,000 One time fee
    Rs.5L - Rs.10Crs
    1 - 30 Years
    What you'll love
    Think about
    Fees & Charges
    Good to Know

    HDFC Home Loans Interest Rates 2023

    HDFC Home Loans interest rates start at 8.50% p.a. There are a number of home loan offers provided by the institution which can be listed as follows:

    Updated on 05 Oct 2023
    Special Home Loan Interest Rates for Salaried and Self-Employed Individuals
    Loan Slab Interest Rates
    All loans 8.50% p.a. to 9.15% p.a.
    Standard Home Loan Interest Rates for Salaried and Self-Employed Individuals
    Loan Slab Interest Rates
    All loans 8.75% p.a. to 9.40% p.a.

    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.

    HDFC Home Loans 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 will be followed by an amortisation table giving you a comprehensive breakdown of your payment schedule.

    HDFC Home Loans Interest Calculation
    Amount 10 years 20 years 30 years
    Rs.10 Lakh Rs.12,399 Rs.8,678 Rs.7,689
    Rs.20 Lakh Rs.24,797 Rs.17,356 Rs.15,378
    Rs.40 Lakh Rs.49,594 Rs.34,713 Rs.30,757
    Rs.50 Lakh Rs.61,993 Rs.43,391 Rs.38,446

    Note: Interest rate considered as 8.50% 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.

    HDFC Home Loans Eligibility Criteria

    The eligibility of a customer for the HDFC Home Loans is primarily ascertained on the basis of their income and loan repayment capacity. HDFC Home Loans 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 Home Loans Schemes

    HDFC Home Loans 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

    1. HDFC Home Loan
      • For purchasing flat, bungalow, row house, or properties from Development Authorities
      • Interest concession for women applicants
      • Loans for resident Indians only
      • Financing of up to 90% of the total property cost
    2. HDFC Plot Loan
      • Loans for purchase of a plot through direct allotment No hidden charges
      • Customised repayment options
      • Expert legal and technical counselling
      • Loans also available for purchasing a resale plot
    3. HDFC Rural Housing Loan
      • Tailored for agriculturists, planters, horticulturists, dairy Farmers for purchasing a residential property in rural and urban areas
      • Agriculturists applying for loan are not required to provide IT Returns
      • Longer repayment tenure of up to 20 years for agriculturists
    4. HDFC Reach Home Loan
      • Loans for purchasing a new or existing home
      • Loans for salaried individuals with a minimum monthly income of Rs.10,000 and for self-employed individuals with an income of Rs.2 lakh p.a.
      • Loan can be used to purchase a plot
      • Use this loan to construct your home on a free-hold land or on a plot
    5. HDFC Home Improvement Loan
      • Loan specifically meant for renovating your home
      • Loans available for both new and existing customers
      • Simple and hassle-free documentation process
      • Interest rates similar to normal home loan rates
    6. HDFC Home Extension Loan
      • Loans to add or extend space to your home
      • Maximum tenure of 20 years
      • Interest rate concession for women applicants
    7. HDFC Top Up Loans
      • Loans for both professional and personal needs
      • Maximum loan of R.50 lakh
      • You can apply only after 12 months of the final disbursement of your existing home loan and upon possession or completion of the existing financed property
    8. HDFC Balane Transfer Loans
      • Transfer your existing loan to HDFC conveniently
      • Additional top up loan of up to Rs.50 lakh
      • Special arrangement with AGIF for Home Loans for those employed in the Indian Army
      • Customised repayment options
    9. HDFC NRI Home Loans
      • Home loans designed for NRIs for purchase of a flat, row house, bungalow from private developers in approved projects in India
      • Loans available for purchase of a property located anywhere in India
      • Get home loan advisory services in the country you currently reside
      • Loans for purchasing properties from Development Authorities of India
    10. HDFC PMAY
      • Interest subsidy of up to 9% p.a.
      • Save up to Rs.2.67 lakh under PMAY CLSS
      • Affordable housing for Economical Weaker Section (EWS), Lower Income Group (LIG), and Middle Income Group (MIG)
      • Interest subsidy will be available for a maximum loan tenure of 20 years
    • *All loans at the sole discretion of HDFC Home Loans.
    • 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 Home Loans. 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 Home Loans 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 Home Loans in this regard.

    Documents Required HDFC Home Loans

    The documents required for the HDFC Home Loans can be summed up as follows:

    For Salaried Individuals:

    • Income proof
      • Latest 3 months’ salary slips
      • Last 6 months’ bank statements
      • Latest Form 16 and IT returns
    • Other documents
      • Employment details
      • Proof of own contribution
      • Last 6 month’s bank statement to show if there are any other loans
      • Your and co-applicant’s passport-size photo with signature
      • A cheque for processing fee to be paid towards HDFC Home Loans

    For Self-Employed Individuals:

    • Income proof
      • Income Tax Returns along with details of your businesses and your income for the last 3 years (attested by a chartered accountant)
      • Balance sheet and profit and loss account statements for the last 3 years
      • Last 6 years’ current account statements of your business and your savings account statements
    • Other documents
      • Business profile
      • Form 26 AS (latest)
      • Proof of own contribution
      • Partnership deed (if applicable)
      • Details of your and your businesses’ ongoing loans (if any)
      • Your and co-applicant’s passport-size photo with signature
      • List of Directors and Shareholders of the company with shareholding details
      • A cheque for processing fee to be paid towards HDFC Home Loans.

    Common Documents for Salaried and Self-Employed

    Document Type Document Required
    Proof of identity and address Aadhar card, voter ID, passport, or driving license
    Property-related documents
    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)

    Further Reading: Home Loan Documents Required

    How to Apply for HDFC Home Loans?

    You can apply for a home loan through HDFC Home Loans by using any one of the following 3 methods:

    1. 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 Home Loans section and follow the on-screen instructions to easily apply for a loan.

      You can also easily check the Home Loan status through BankBazaar.

    2. Online application through the HDFC Home Loans Portal:

      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.

    3. Offline application through a branch office:

      You can also use the offline mode to apply for a home loan through HDFC Home Loans 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 Home Loans Customer Care

    You can get in touch with HDFC Home Loans 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

    FAQs on HDFC Home Loans

    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 loan repayment options?

      Some of the repayment options for home loans offered by HDFC Home Loans 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. 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.

    4. 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.

    5. What is part disbursement or subsequent disbursement of home loan?

      HDFC Home Loans 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.

    6. When do I have to start paying off the EMIs for my HDFC Home Loans?

      The EMIs for the HDFC 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 Home Loans 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.

    7. How does HDFC Home Loans decide the loan amount that I will be eligible for?

      HDFC Home Loans eligibility comprises of a number of factors. HDFC Home Loans 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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    HDFC LTD Home Loan Reviews

    • HDFC Limited
      "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? 249
      , kanchipuram
      Reviewed on Mar 09, 2020
    • HDFC Limited
      HDFC Limited
      "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? 165
      , alleppey
      Reviewed on Mar 07, 2020
    • HDFC Limited
      "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? 160
      , chennai
      Reviewed on Mar 06, 2020
    • HDFC Limited
      "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? 179
      , rajkot
      Reviewed on Mar 05, 2020
    • HDFC Limited
      "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? 60
      , ludhiana
      Reviewed on Mar 04, 2020
    • HDFC Limited
      "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? 118
      , hyderabad
      Reviewed on Mar 03, 2020
    • HDFC Limited
      "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? 40
      , kochi
      Reviewed on Feb 17, 2020
    • HDFC Limited
      "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? 38
      , bangalore
      Reviewed on Feb 08, 2020
    • HDFC Limited
      "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? 17
      , ahmedabad
      Reviewed on Jan 29, 2020
    • HDFC Limited
      "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? 49
      , kochi
      Reviewed on Jan 20, 2020
    • HDFC Limited
      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? 19
      , chennai
      Reviewed on Jan 20, 2020
    • HDFC Limited
      "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? 14
      , kolkata
      Reviewed on Jan 18, 2020
    • HDFC Limited
      "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? 16
      , chennai
      Reviewed on Jan 17, 2020
    • HDFC Limited
      "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? 13
      , thane
      Reviewed on Jan 12, 2020
    • HDFC Limited
      "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? 17
      , sitarganj
      Reviewed on Jan 12, 2020
    • HDFC Limited
      "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? 12
      , noida
      Reviewed on Jan 04, 2020
    • HDFC Limited
      "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? 36
      , ghaziabad
      Reviewed on Dec 31, 2019
    • HDFC Limited
      "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? 14
      , mumbai
      Reviewed on Dec 28, 2019
    • HDFC Limited
      "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? 13
      , hyderabad
      Reviewed on Dec 27, 2019
    • HDFC Limited
      "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? 22
      , kolkata
      Reviewed on Dec 24, 2019
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