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  • HDFC Pre-Approved Home Loan

    The bank offers numerous home loan products at competitive interest rates and low processing fees. The pre-approved home loan offered by HDFC is one such product that can be used by individuals to buy a home or plot or to construct a residential property. Pre-approved home loans offered by HDFC can be obtained before selecting a property unlike conventional home loans where the applicant has to provide property documents to obtain a loan.

    Interest rate table

    Description Variable Fixed
    Salaried Women: 6.95% p.a. to 7.80% p.a.
    Others: 7.00% p.a. to 7.85% p.a.
    Women: 7.40% p.a. to 8.15% p.a.
    Others: 7.45% p.a. to 8.20% p.a.
    Self-employed Professionals Women: 6.95% p.a. to 7.80% p.a.
    Others: 7.00% p.a. to 7.85% p.a.
    Women: 7.40% p.a. to 8.15% p.a.
    Others: 7.45% p.a. to 8.20% p.a.
    Self-employed Non-Professionals Women: 7.10% p.a. to 7.95% p.a.
    Others: 7.15% p.a. to 8.00% p.a.
    Women: 7.55% p.a. to 8.30% p.a.
    Others: 7.60% p.a. to 8.35% p.a.

    Other Loan Details

    Mentioned below are some of the details of HDFC Bank pre-approved home loans:

    1. Loan amount:
      • 90% of property cost for loans up to Rs.30 lakh
      • 80% of property cost for loans more than Rs.30 lakh and less than Rs.75 lakh
      • 75% of the property cost for loans above Rs.75 lakh
    2. Loan tenure: Up to 30 years
    3. Processing fee: 0.50% to 1.50% or up to Rs.4,500 (Whichever is higher)

    Other charges & fees

    HDFC Bank charges numerous fees for providing their home loan services. Apart from the processing fees ranging between 0.50% to 1.50% of the loan amount, the bank also levies a pre-payment charge on the following basis:

    Description Individual borrowers Non-individual borrowers
    Variable interest rate loans NIL 2% pre-payment charges plus taxes*
    Fixed interest rate loans 2% of the outstanding loan amount

    * The pre-payment charges for non-individual borrowers are subject to conditions.

    There are numerous other charges also involved in the process of obtaining a home loan from HDFC bank, some of those miscellaneous charges are mentioned below:

    Types of charge Fees
    List of documents Up to Rs.500
    Photo copy of documents Up to Rs.500
    Check dishonour charges Rs.200
    Increase or decrease in loan term Up to Rs.500 plus taxes
    Re-appraisal of loan 6 months after loan sanction Up to Rs.2,000 plus taxes
    PDC swap Up to Rs.200
    Disbursement cheque cancellation charge Up to Rs.200


    The eligibility criteria of obtaining a HDFC home loan is mentioned below:

    • Age: 18 years to 65 years old
    • Both salaried and self-employed individuals can apply for this loan.
    • The applicants must be Indian nationals.

    The pre-approved loan amounts are calculated on the following parameters:

    • Income
    • Credit-worthiness
    • Financial position

    HDFC Bank offers home loans to self-employed professionals and self-employed non-professionals. Self-employed applicants are classified into the aforementioned categories in the following manner:

    Self-employed professionals Self-employed non-professionals
    Doctor Trader
    Chartered Accountant Contractor
    Lawyer Commission agent etc.
    Architect Commission agent etc.
    Engineer etc. Commission agent etc.

    Documents required

    Mentioned below is a list of the documents required for HDFC home loans:

    Description Salaried Self-employed
    Proof of identity and residence
    • Aadhaar card
    • Passport
    • Voter ID
    Driver’s license
    Proof of income
    • 3 months’ salary slips
    • 6 months’ bank statements with salary credits
    • Form 16 and IT returns
    • Income tax returns of 3 years with computation of income
    • 3 years balance sheet and profit and loss account statements with annexures/schedules
    • 6 months Current account statements of business
    • 6 months Savings account statements of applicant
    Property related documents (Required after selecting the property)
    • Copy of allotment letter
    • Receipt of payment made to the developer
    • Title deeds of plot
    • Copy of the approved plans
    • Construction estimate by a civil engineer or architect
    Other documents
    • Own contribution proof
    • 6 months’ bank statements
    • Passport size photograph of applicant
    • Employment contract or appointment letter
    • Own contribution proof
    • Business profile
    • Form 26 AS (Latest)
    • Articles of association of the company
    • Partnership deed (If applicable)
    • Ongoing loan details
    • Passport size photograph of applicant

    Key highlights about HDFC Bank Pre-Approved Home Loan

    Some of the major highlights and benefits of HDFC Bank’s pre-approved home loan offer are mentioned below:

    • Quick processing: When applying for a pre-approved loan, lenders only assess your income documents and KYC documents. Unlike the normal home loans, property documents are not required at the initial stages of pre-approved home loans. Due to the lesser number of documents required, the processing is much quicker.
    • Clarity on loan amount: Unlike conventional home loans which are calculated on the basis of the property value, pre-approved home loans are calculated based on your repayment capacity. With such loans you have a clear idea of the loan you are eligible for.
    • Property search: Knowing the loan amount beforehand can prove to be an advantage when looking for properties as you can focus solely on finding the right house.
    • Better negotiations with seller: Since pre-approved home loans give you a clear picture of the loan amount, you can negotiate with sellers in a better manner and find a property or house that fits in your budget.
    • Low processing fees: HDFC Bank offers home loans with comparatively lower processing fees. Due to this, you do not have to fret about the extra charges and fees weighing down your loan amount. Though processing fees can seem like a small fee, the charges may get higher with a higher loan amount.


    1. How can I apply for a HDFC pre-approved home loan?

      You can apply for a HDFC pre-approved home loan by visiting the HDFC branch or by getting in touch with their customer care executive.

    2. Does HDFC Bank have a home loan hotline?

      HDFC Bank provides two special channels for customers to apply for home loans or to get more details about their home loan offers. You can give a missed call on +91 9289200017 or send the SMS HDFCHOME to 56767.

    3. What is the validity of HDFC Bank’s pre-approved home loan ?

      After getting the loan, you will have a period of 6 months to finalize the property. Failing to finalize a house or property within that time period will result in the lapse of the loan.

    4. Is it mandatory to have a co-applicant to take a home loan?

      No, it is not mandatory to have a co-applicant. You can apply for the home loan individually. However, having a co-applicant will help you increase the loan amount. Additionally, having a female co-applicant will help you borrow the loan at lower interest rates as HDFC Bank offers special interest rates for women.

    5. Who can be a co-applicant?

      Generally, close family members can be signed as co-applicants.


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