A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Home Loan BYTES FROM OUR KITCHEN

    HDFC Home Loan Interest Rates

    HDFC Bank is one of the leading financial institutions in India, known for its comprehensive range of home loan products. They have helped millions of people in India achieve their lifelong dream of owning a house. The interest rates offered by HDFC bank vary between 8.80% - 9.05%, which happen to be highly competitive in today’s market.

    Rates and Charges Specification
    Rate of Interest 8.80% to 9.05%
    Partial Prepayment Charges Nil
    Pre-closure Charges Nil
    Tenure of the Loan 1 year to 30 years
    Guarantor Requirement No guarantor is needed
    Processing Fee Up to 0.50% of the total loan amount or Rs.11,800, whichever is lower

    HDFC Home Loan interest rates can be availed by either salaried professionals or self-employed people. The interest rates between the two categories will vary slightly, as shown in the tables below.

    HDFC Retail Prime Lending Rate hiked

    HDFC, one of the leading mortgage lenders in the country, has reportedly raised the Retail Prime Lending Rate (RPLR) on which all its adjustable interest rate housing loans are benchmarked by 0.10% or 10 basis points (bps). The new effective rates will be applicable from 01 October 2018. The statement was released ahead of the RBI’s bi-monthly monetary policy review on 03 October 2018 where the central bank is expected to hike the key repo rate to counter the rising inflation crisis.

    HDFC Home Loan Interest Rate for Salaried Professionals

    Salaried professionals can avail HDFC Home Loans at affordable rates ranging between 8.80% and 9.55%. The rate of interest associated with the home loans for women borrowers ranges from 8.80% to 9.50% depending on the loan slab. For other customers, the rate of interest on these home loans falls between 8.85% and 9.55%.

    Category HDFC Home Loan Interest Rate for New Homes HDFC TruFixed Loan - 2 Year Fixed Rate Variant for New Homes
    Interest Rate p.a. for Women (Loan amount up to Rs.30 lakh) 8.80% to 9.30% 9.30% to 9.80%
    Interest Rate p.a. for Women (Loan amount from Rs.30.01 lakh to Rs.75 lakh) 8.95% to 9.45% 9.45% to 9.95%
    Interest Rate p.a. for Women (Loan amount above Rs.75 lakh 9.00% to 9.50% 9.50% to 10.00%
    Interest Rate p.a. for Others (Loan amount up to Rs.30 lakh) 8.85% to 9.35% 9.35% to 9.85%
    Interest Rate p.a. for Others (Loan amount from Rs.30.01 lakh to Rs.75 lakh) 9.00% to 9.50% 9.50% to 10.00%
    Interest Rate p.a. for Others (Loan amount above Rs.75 lakh) 9.05% to 9.55% 9.55% to 10.05%

    HDFC Top Up Loans for Salaried Professionals

    Category Loan Amount Interest Rates
    Existing customers - 9.20% to 9.70%
    Women Up to Rs.30 lakh 8.80% to 9.30%
    From Rs.30.01 lakh to Rs.50 lakh 8.95% to 9.45%
    Others Up to Rs.30 lakh 8.85% to 9.35%
    From Rs.30.01 lakh to Rs.50 lakh 9.00% to 9.50%

    HDFC Home Loan Interest Rate for Self-Employed Professionals

    HDFC offers home loans to self-employed professionals at interest rates ranging from 8.800% to 9.55%. However, the interest rates associated with the HDFC home loans for women borrowers are slightly lower than others. The rate of interest applicable to the housing loans for women applicants/co-applicants ranges between 8.80% and 9.50% depending on the loan slab while the interest rate for other customers falls between 8.85% and 9.55%.

    Category HDFC Home Loan Interest Rate for New Homes HDFC TruFixed Loan - 2 Year Fixed Rate Variant for New Homes
    Interest Rate p.a. for Women (Loan amount up to Rs.30 lakh) 8.80% to 9.30% 9.30% to 9.80%
    Interest Rate p.a. for Women (Loan amount from Rs.30.01 lakh to Rs.75 lakh) 8.95% to 9.45% 9.45% to 9.95%
    Interest Rate p.a. for Women (Loan amount above Rs.75 lakh 9.00% to 9.50% 9.50% to 10.00%
    Interest Rate p.a. for Others (Loan amount up to Rs.30 lakh) 8.85% to 9.35% 9.35% to 9.85%
    Interest Rate p.a. for Others (Loan amount from Rs.30.01 lakh to Rs.75 lakh) 9.00% to 9.50% 9.50% to 10.00%
    Interest Rate p.a. for Others (Loan amount above Rs.75 lakh) 9.05% to 9.55% 9.55% to 10.05%

    HDFC Top Up Loans for Self-Employed Professionals

    Category Loan Amount Interest Rates
    Existing customers - 8.90% to 9.40%
    Women Up to Rs.30 lakh 8.70% to 9.20%
    From Rs.30.01 lakh to Rs.50 lakh 8.80% to 9.30%
    Others Up to Rs.30 lakh 8.75% to 9.25%
    From Rs.30.01 lakh to Rs.50 lakh 8.85% to 9.35%

    HDFC Home Loan Interest Rate for Self-Employed Non-Professionals

    Self-employed non-professionals can now avail HDFC Home Loan interest rates between the range 8.75% - 9.50%. For women borrowers, interest rates on the housing loans are comparatively lower based on the loan repayment scheme opted.

    Category HDFC Home Loan Interest Rate for New Homes HDFC TruFixed Loan - 2 Year Fixed Rate Variant for New Homes
    Interest Rate p.a. for Women (Loan amount up to Rs.30 lakh) 8.75% to 9.25% 8.85% to 9.35%
    Interest Rate p.a. for Women (Loan amount above Rs.30 lakh) 8.85% to 9.35% 8.95% to 9.45%
    Interest Rate p.a. for Others (Loan amount up to Rs.30 lakh) 8.80% to 9.30% 8.90% to 9.40%
    Interest Rate p.a. for Others (Loan amount above Rs.30 lakh) 8.90% to 9.40% 9.00% to 9.50%

    HDFC Top Up Loans for Self-Employed Non-Professionals

    Category Loan Amount Interest Rates
    Existing customers - 9.20% to 9.70%
    Women Up to Rs.30 lakh 8.80% to 9.30%
    From Rs.30.01 lakh to Rs.50 lakh 8.95% to 9.45%
    Others Up to Rs.30 lakh 8.85% to 9.35%
    From Rs.30.01 lakh to Rs.50 lakh 9.00% to 9.50%

    HDFC Home Loan Hidden Fees & Charges

    The following table illustrates additional fees and charges that you may incur with your HDFC home loan. Do understand these charges carefully in order to avoid any confusion down the road.

    Charges Description Amount
    Processing fee for any of the home loan products like extension loan, improvement loan, et cetera, for salaried and self-employed professionals Rs.2000/- or 0.50% of the loan amount; whichever is higher plus taxes as applicable
    Processing fee for any of the home loan products, for self-employed non-professionals Rs.3000/- or 1.50% of the loan amount; whichever is higher plus taxes as applicable
    Top Up Loan fee Rs.2000/- or 0.50% of the loan amount; whichever is higher plus taxes as applicable
    Switching fee for shifting to a lower rate under variable rate loans Up to 0.50% of the outstanding principal amount at the time of switch or Rs.50,000; whichever is lower
    Switching fee for shifting to a variable rate from a fixed rate loan
    Switching fee for moving from TruFixed rate to a variable rate 1.75% of the outstanding principal amount at the time of conversion
    Prepayment charges for variable rate loans No charges
    Prepayment charges for TruFixed loans/Fixed rate loans 2% of the amount that is being paid plus applicable taxes
    Prepayment charges for fixed and variable rate plot loans
    Change in loan term Rs.500/- plus taxes as applicable

    The aforementioned charges and interest rates are subject to change from time to time. It is advisable to visit the official website of HDFC Bank and go through the same before applying for a home loan.

    Before proceeding, keep in mind the following points:

    • The interest rates of these home loans fall under the purview of Adjustable Rate Home Loan, which is in turn linked to the Retail Prime Lending Rate (RPLR) offered by the HDFC Bank.
    • A change in the RPLR will result in a corresponding revision in the lending rate of your home loan. If the interest rate increases, then the interest component of your EMI will also increase, which in turn will increase the tenure of your loan. Similarly, a decrease in the interest rate will lead to a reduction of your loan tenure.
    • Additionally, the interest rates mentioned here are the same for all home loan products (unless mentioned otherwise) offered by HDFC Bank, for each of the respective categories (salaried and self-employed). This is applicable to the TruFixed Home Loan product as well, which offers a fixed interest rate for a maximum term of 2-3 years, after which the loan will be automatically shifted to an adjustable rate.

    HDFC Home Loan Interest Rate 2017 Reviews

    • HDFC Limited Home Loan
      "Good in Service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a Home loan with HDFC and at the time of applying there was no delay in my application. The procedure was easy and my application got processed on time. The interest rates that is on my loan amount is reasonable as per the market value.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 13, 2019
    • HDFC Limited Home Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      HDFC LTD is good overall and the process is good for the home loan. The customer services and response is good and there are no issues to get the loan. They processed the loan very fast and the rate of interest and processing charges are normal too.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jan 12, 2019
    • HDFC Limited Home Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      I am very happy with HDFC LTD for the home loan. The customer services and response is good. I also got the loan on time. The process was very easy. The rate of interest and the processing fee is normal as I got the loan without any delay or hassles.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 12, 2019
    • HDFC Limited Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience with this Home Loan from them has been quite good where there hasn't been any hassle faced with the services of them. The loan amount has been sufficient and the interest rate with them has been nominal when compared with the market rate. There has not been any sort of additional charges which they had made so far.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 10, 2019
    • HDFC Limited Home Loan
      "Easy to get a home loan"
      0.5 4.0/5 "Great!"
      I have purchased my home loan with HDFC in the year of 2014. Since the interest rate is 8.5% i have chosen them. I have been paying the EMI amount of Rs. 15000 every month and the will be auto deduction from my account. Total tenure period of the loan is 13 years. There was no processing fee and preclosure, partial payment facility is available.
      Was this review helpful? 1
      , kochi
      Reviewed on Jan 10, 2019
    • HDFC Limited Home Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      I have applied my home loan from HDFC LTD through online portal. The customer service is good. The rate of interest is nominal. I have purchased a residential property. The documents are collected by the executive. The loan was disbursed within 15 days.
      Was this review helpful? 3
      , delhi
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had applied my home loan from HDFC LTD through online portal. The customer service and response was excellent. The rate of interest and charges are reasonable. They have taken almost 15 days to disburse the loan. The executive came to my place and collected the documents. They have collected the processing fee and it was refunded after the first EMI.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Average"
      0.5 4.0/5 "Great!"
      I had a good experience from HDFC Ltd on home loan. I have some difficulties in rate of interest, initially they have informed me around 8.2% but later they have increased 1% and they have informed at the final stage of approval. If they said earlier I would have chosen other alternative option. I have purchased a residential property.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Very poor service"
      0.5 1.0/5 "Really Bad"
      I took my home loan from HDFC Ltd through online portal which am not satisfied. I have taken an insurance along the home loan, till the approval of loan they were good in service. After the disbursement the service is not at all good its like a government sector. The rate of interest is same like other banks. I will close the loan in very short span after my full disbursement.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have taken my home loan from HDFC Limited through online channel. The interest rate is near about 8.85%, it was high. The loan tenure is 16 years and no difficulties in submitting the documents via online. I have purchased a residential house and EMI is 60K through ECS. The processing fee was high and loan was disbursed after one month.
      Was this review helpful? 1
      , nagpur
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a home loan from HDFC LTD through online channel. Many times I need to followup them and visited the office which is near to my place for the loan and keep on requesting me the documents at last moment. The rate of interest was okay. They need to inform in the beginning which will be easier. I have purchased a residential property.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Excellent Service"
      0.5 4.5/5 "Excellent!"
      It was quite a good experience with this Home loan where the process was quite simple and smooth. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal as well. There has not been any sort of additional charges which they had made so far.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken my home loan from HDFC LTD through online portal. The customer service is good. The rate of interest is okay. The loan tenure is 30 years and am planning to reduce 15 months. I have purchased a residential property. The documents are collected by the executive.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      I took my home loan from HDFC LTD through online portal. The customer service is better. I have purchased a residential property. I got an email from HDFC few days back, they are giving to raise the rate of interest. Previously it was around 8.85 or 8.95% but now its going to be10%. The loan duration is 30 years.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 08, 2019
    • HDFC Limited Home Loan
      "Good Loan services"
      0.5 3.0/5 "Satisfactory"
      Taken my home loan with HDFC. They have taken too much of time to process the loan. I have applied the loan amount of Rs. 20 lakhs. They have given me a interest rate of 11% and there has been no processing fee. I've been paying the EMI amount of Rs. 16000 and it will be deducted through ECS.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 07, 2019
    • HDFC Limited Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my housing loan with HDFC LIMITED for long time, they loan amount they have given me was sufficient, and the rate of interest they are charged me is not fixed, it use to get varied , and i use to pay on quarterly basis,and the processing fee they have charged me was bit high, there service is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 06, 2019
    • HDFC Limited Home Loan
      "Excellent home loan services"
      0.5 5.0/5 "Blown Away!"
      I have taken my home loan with HDFC ltd I bought the loan 5 years before and now i have closed the loan. I have selected the HDFC ltd because of the brand value. The interest rate was 8.30% which is a floating one. They charged some processing amount of Rs. 5000+ tax. I got the loan amount of Rs. 10 lakhs.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 04, 2019
    • HDFC Limited Home Loan
      "Pretty Good Loan"
      0.5 4.0/5 "Great!"
      I have bought my home loan with HDFC 1 year back. I have applied the loan amount of Rs.50 lakhs but they have provided Rs. 49 lakhs. Total tenure period the loan is 13 years. I have been paying the EMI amount of Rs. 30000 every month. They have offered me a interest rate of 8.95% and the processing fee of Rs. 6500.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 04, 2019
    • HDFC Limited Home Loan
      "Hassle free"
      0.5 3.5/5 "Pretty good"
      only home loan and here I go so far the process has been hassle free and professional. I have another loan with indiabulls. compared with indiabulls HDFC is far more better and professional with respect to interest rates and customer care service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 04, 2019
    • HDFC Limited Home Loan
      "100% loan approval needed"
      0.5 5.0/5 "Blown Away!"
      I took home loan in HDFC they approved my loan, but only dis advantage they approved only 80% of loan amount not 100%. The service is good in terms of the loan process but though I have eligibility but they didn't approve the entire home loan amount.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 03, 2019
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