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  • HDFC Home Loan Processing Fees and Charges

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  • 0.50%
    ** Starts at 0.50% of the loan amount
    ** or Rs.3,000 (whichever is higher)
    Interest Rate 8.70% p.a. onwards
    Maximum Tenure 30 years

    HDFC offers home loans at attractive rates of interest to its customers. Home loans offered by HDFC include certain charges and fees and one of them is the HDFC home loan processing fees.

    Types of HDFC Home Loans and Their Processing Fees:

    HDFC Home Loans Processing Fees
    HDFC Regular Home Loans Salaried/Self-Employed Professionals (SEP): Up to 0.50% of the loan amount or Rs.3,000 (whichever is higher)
    Self-Employed Non-Professionals (SENP): Up to 1.50% of the loan amount, or Rs.4,500 (whichever is higher)
    HDFC Rural Housing Loans Salaried/Self-Employed Professionals: Up to 0.50% of the loan amount, or Rs.3,000 (whichever is higher)
    Agriculturists/Self-Employed Non-Professionals: Up to 1.50% of the loan amount, or Rs.4,500 (whichever is higher)
    HDFC Plot Loans Salaried/Self-Employed Professionals (SEP): Up to 0.50% of the loan amount or Rs.3,000 (whichever is higher)
    Self-Employed Non-Professionals (SENP): Up to 1.50% of the loan amount, or Rs.4,500 (whichever is higher)
    HDFC Loan Against Property Salaried/Self-Employed Professionals/Self-Employed Non-Professionals: Up to 1.50% of the loan amount, or Rs.4,500 (whichever is higher)
    HDFC Home Improvement Loans Salaried/Self-Employed Professionals (SEP): Up to 0.50% of the loan amount or Rs.3,000 (whichever is higher)
    Self-Employed Non-Professionals (SENP): Up to 1.50% of the loan amount, or Rs.4,500 (whichever is higher)
    HDFC Commercial Property Loans (Resident Indians) Salaried/Self-Employed Professionals/Self-Employed Non-Professionals: Up to 1.50% of the loan amount, or Rs.4,500 (whichever is higher)
    HDFC Home Extension Loan Salaried/Self-Employed Professionals (SEP): Up to 0.50% of the loan amount or Rs.3,000 (whichever is higher)
    Self-Employed Non-Professionals (SENP): Up to 1.50% of the loan amount, or Rs.4,500 (whichever is higher)
    HDFC Commercial Plot Loans (Resident Indians) Salaried/Self-Employed Professionals/Self-Employed Non-Professionals: Up to 1.50% of the loan amount, or Rs.4,500 (whichever is higher)
    HDFC Top-Up Loans Salaried/Self-Employed Professionals (SEP): Up to 0.50% of the loan amount or Rs.3,000 (whichever is higher)
    Self-Employed Non-Professionals (SENP): Up to 1.50% of the loan amount, or Rs.4,500 (whichever is higher)
    HDFC Reach Home Loans Salaried/Self-Employed: Up to 2% of the loan amount
    HDFC Home Loan Balance Transfer Salaried/Self-Employed Professionals (SEP): Up to 0.50% of the loan amount or Rs.3,000 (whichever is higher)
    Self-Employed Non-Professionals (SENP): Up to 1.50% of the loan amount, or Rs.4,500 (whichever is higher)
    HDFC NRI Home Loans Salaried/Self-Employed Professionals (SEP): Up to 1.25% of the loan amount or Rs.3,000 (whichever is higher)
    Self-Employed Non-Professionals (SENP): Up to 1.25% of the loan amount, or Rs.4,500 (whichever is higher)
     

    HDFC Home Loan Processing Fees:

    HDFC offers regular housing finance to salaried and self-employed individuals for the purpose of buying a flat/house/bungalow from private developers. Also, the bank extends loans for the construction on a freehold or leasehold plot or on land allotted by a Development Authority. The processing fee of this type of loan is 0.50% of the loan amount or Rs.3,000, whichever is higher plus applicable taxes for salaried and self-employed professionals (SEP). As for self-employed non-professionals (SENP), the processing fees is up to 1.50% of the loan amount or Rs.4,500, whichever is higher plus applicable taxes.

    HDFC Plot Loan Processing Fees:

    HDFC offers this type of home loan to purchase land through direct allotment, or for the purchase of a resale plot as well as balance transfer of the home loan from another bank or financial institution. The bank offers attractive interest rates and customised repayment options. For salaried individuals and self-employed professionals, HDFC charges 0.50% of the loan amount or Rs.3,000 whichever is higher as processing fees. As for self-employed non-professionals, HDFC levies processing fees of up to 1.50% of the loan amount or Rs.4,500, whichever is higher, plus applicable taxes.

    HDFC Rural Housing Loan Processing Fees:

    The bank extends housing loans based on the agricultural land you own, and the crops being cultivated on the land. The HDFC Rural Housing Loan is available to both salaried and self-employed individuals who are looking to build or purchase a property in their village or home town. Also, if you’re an agriculturist, you need not mortgage your agricultural land to avail the loan.

    The tenure is capped at 20 years under this type of loan. HDFC charges processing fees, under this type loan, for salaried and self-employed professionals of up to 0.50% of the loan amount, or Rs.3,000, whichever is higher. If you’re an agriculturist or self-employed non-professional, then the processing fee is by up to 1.50% of the loan amount or Rs.4,500, whichever is higher plus applicable taxes.

    HDFC Home Improvement/Renovation Loan Processing Fees:

    With this type of home loan, you can give your home a makeover and an upgrade. HDFC offers home improvement loans at the regular home loan interest rates and is extended to both existing and new customers. As for the processing fees of the HDFC Home Improvement Loan, it’s up to 0.50% of the loan or Rs.3,000 for salaried and self-employed professionals; as for self-employed non-professionals, the processing fee is by up to 1.50% of the loan amount, or Rs.4,500 (whichever is higher) plus applicable taxes.

    HDFC Home Extension Loan Processing Fees:

    Under this loan, you can extend or add space to your existing home and the interest rates are on par with the regular home loans offered by the bank. This loan can be availed by existing as well as new customers. The processing fees for the HDFC Home Extension Loan is 0.50% of the loan amount or Rs.3,000 (whichever is higher) for salaried and self-employed professionals, while it’s up to 1.50% of the loan amount or Rs.4,500 for self-employed non-professionals plus applicable taxes.

    HDFC Top-Up Loan Processing Fees:

    HDFC offers to top-up loans on your existing home loan for personal use such as marriage, education, vacation, business expansion, etc. You can avail a home loan under this category to a maximum of Rs.50 lakh. HDFC offers this loan to new and existing customers. The HDFC Top-Up Loan processing fee is up to 0.50% of the loan amount or Rs.3,000, whichever is higher plus applicable taxes.

    HDFC Loan Against Property Processing Fees:

    HDFC is offering home loans against a property for personal or business requirements. You can avail this loan for both commercial and residential properties offered with attractive interest rates. The processing fees for this type of loan is up to 1.50% of the loan amount, or Rs.4,500 (whichever is higher) for both salaried and self-employed individuals.

    HDFC Commercial Property Loan Processing Fees:

    The bank is offering loans against new or existing non-residential properties with attractive interest rates. HDFC also offers this loan for transferring your existing loan availed from other banks or financial institutions. The bank levies processing fees up to 1.50% of the loan amount, or Rs.4,500, whichever is higher.

    HDFC Commerical Plot Loan Processing Fees:

    HDFC offers loans for buying a new or existing non-residential plot or for transferring your existing loan availed from other banks or financial institutions. The bank charges processing fees for the commercial plot loan up to 1.50% of the loan amount, or Rs.4,500 (whichever is higher).

    HDFC Reach Home Loan Processing Fees:

    The HDFC Reach Home Loan is designed for salaried individuals with a minimum income of Rs.10,000 per month and self-employed individuals with a minimum income of Rs.2 lakh per year. The loan is offered to construct your home on a lease or freehold plot or on a plot allotted by a Development Authority. HDFC charges processing fees of up to 2% of the loan amount on this type of housing finance.

    HDFC Home Loan Balance Transfer Processing Fees:

    You can transfer your outstanding home loan availed from other banks or financial institutions to HDFC. The bank also offers an additional top-up loan of up to Rs.50 lakh. For salaried and self-employed professionals, the bank charges processing fees of up to 0.50% of the loan amount, or Rs.3,000, whichever is higher and for self-employed non-professionals, HDFC levies processing fees of up to 1.50% of the loan amount or Rs.4,500, whichever is higher.

    HDFC NRI Home Loan Processing Fees:

    HDFC offers housing finance to Non-Resident Indians (NRIs), Person of Indian Origin (PIO) and Overseas Citizen of India (OCI) for the purpose of buying a flat/house/bungalow from private developers in approved projects. The HDFC NRI Home Loan attracts processing fees of up to 1.25% of the loan amount, or Rs.3,000 for salaried and self-employed professionals, while it charges up to 1.25% of the loan amount, or Rs.4,500 for self-employed non-professionals.

    HDFC Home Loan Processing Fees for Salaried and Self-Employed Professionals (SEP):

    The processing fees charged by HDFC for salaried and self-employed professionals varies between different types of housing finance. The fee ranges between 0.50% to 1.50% of the loan amount, or between Rs.3,000 and Rs.4,500 (whichever is higher).

    HDFC Home Loan Processing Fees for Self-Employed Non-Professionals (SENP):

    HDFC levies processing fees for housing finance availed by self-employed non-professionals in the range of 1.25% to 1.50% of the loan amount, or Rs.4,500 (whichever is higher).

    HDFC Home Loan Other Charges:

    Apart from the interest rate and the processing fees towards home loans, HDFC levies various other charges. Below is the list of other charges levied by HDFC on home loans:

    Type of Other Charges Amount
    Prepayment Charges Floating Interest Rate: No charges for Individual Borrowers; Other than Individual Borrowers, 2% on the amount being prepaid within 6 months; above 6 months, the borrower has the option to prepay up to 25% (above 25% attracts 2% prepayment fee) of the opening principal amount every financial year without any prepayment charges. After 36 months, no prepayment charges.
    Fixed Interest Rate: No charges on prepayment through own funds and 2% of the outstanding amount for Individual Borrowers in case of refinance; Other than Individual Borrowers, same as Floating Interest Rate’s terms and conditions.
    External Opinion Fees Charges on account of external opinion from advocates/technical valuers and the fee is on a case-to-case basis.
    Property Insurance Premium amounts need to be paid directly by customers to the insurance provider.
    Fees on Account of Delayed Payments Delayed payment of EMI/Interest attracts additional interest up to 24% p.a.
    Incidental Charges Copy of the policy can be secured by customers from the concerned branch on request.
    Regulatory/Statutory Charges Charges applicable on Stamp Duty/MOD/MOE/CERSAI.
    Other Charges Cheque Dishonour: Rs.200
    List of Documents: Up to Rs.500
    Photocopy of Documents: Up to Rs.500
    Post-Dated Cheque Swap: Up to Rs.200
    Cheque Cancellation After Disbursement: Up to Rs.200
    Re-Appraisal of Loan After 6 Months from Sanction: Up to Rs.200 + Applicable Taxes
    Increase/Decrease of Loan Tenure: Up to Rs.500 + Applicable Taxes
     

    Frequently Asked Questions:

    1. How Does HDFC Determine the Eligible Loan Amount?
    2. Ans: HDFC decides your home loan eligibility primarily based on your income and repayment capacity. Also, your age, number of dependents, qualification, your spouse’s income (if any), savings history, assets and liabilities, and the continuity and stability of your occupation are factors.

    3. How Do I Repay the Home Loan?
    4. Ans: HDFC offers several ways to repay your home loan like ECS (Electronic Clearing System), you can also opt for a direct deduction of EMI by your employer or you can issue post-dated cheques from your salary account.

    5. How Do I Make a Home Loan Application?
    6. Ans: The home loan application form is available at HDFC bank’s offices or you can download it from their website and submit it along with the required documents. You can also opt to apply online by clicking on ‘Instant Home Loan’ on HDFC Bank’s website.

    7. When Does the Repayment of Principal Amount Begin?
    8. Ans: The repayment of the principal amount starts from the month following the month when the home loan was fully disbursed. Prior to the full disbursement of the loan, you pay the interest amount of the EMI, which is known as Pre-EMI. HDFC also offers a unique feature, wherein you can opt for the instalments you like to pay till the property is ready for possession. This will be adjusted towards the repayment of the principal amount.

    9. When Will the Bank Disburse the Complete Home Loan Amount?
    10. Ans: Once the property has been evaluated technically, all legal documentation has been processed, and you have paid the down payment, you need to visit HDFC Bank’s offices or online and submit the request of the disbursement of the home loan.

    11. What is the HDFC Home Loan Processing Fees?
    12. Ans: Depending on whether you’re a salaried or self-employed and based on the type of home loan you’ve availed, the processing fee charged on an HDFC Home Loan starts at 0.50% of your loan amount.

    13. Can the Home Loan be Repaid Ahead of Schedule?
    14. Ans: You can repay the outstanding amount by either making a part or full repayment of the home loan. However, prepayment charges are applicable. HDFC also offers a free-of-charge option to speed up your loan repayment which is known as ‘Accelerated Repayment Scheme’. Under this option, it gives you the opportunity to increase the EMIs every year, resulting in repaying the loan much quicker.

    15. What Does the Term ‘Market Value’ of the Property Mean?
    16. Ans: It refers to the estimated value of the property as per the current market conditions.

    17. Are there Any Tax Benefits on the Home Loan?
    18. Ans: You can claim tax deductions on the home loan under the Income Tax Act, 1961. You can avail tax benefits on the interest amount as well as the principal amount being paid through the EMI.

    19. Can I Avail a Higher Loan via My Existing Loan Account to Purchase a New Property?
    20. Ans: HDFC Bank offers the Home Conversion Loan under which your existing loan could be transferred to a new property with additional funds for the incremental cost of the new house. This will be based on your loan eligibility.

    21. Should the Property be Insured?
    22. Ans: You will have to insure your property for fire and hazards during the tenure of the loan. You will have to produce proof of the insurance on the property to HDFC each year or whenever the bank calls upon to do so. Also, the beneficiary of the insurance policy should be HDFC.

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