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  • HDFC LTD. Home Loan Restructuring

    HDFC has announced a restructuring plan for home loans availed by individuals who have been economically impacted by the Covid-19 pandemic and are unable to now repay their Equated Monthly Instalments (EMIs). This is in keeping with the guidelines issued by the Reserve Bank of India (RBI).

    How to Apply for Restructuring of HDFC Home Loan

    To apply for restructuring of your HDFC home loan, you should send an email to the bank from your registered email address. The email should have your loan account number in the subject line. The email should be sent to the address covid.resolution@hdfc.com.

    Eligibility Criteria for HDFC Home Loan Restructuring

    The following are the parameters that have to be met in order to be eligible for HDFC home loan restructuring:

    • Loan accounts should be in the "Standard" category
    • As of 1 March 2020, loan accounts should not have been in default for more than 30 days
    • Loan accounts should continue to be in the "Standard" category till the date that the resolution plan starts
    • Until restructuring of the home loans is implemented by HDFC, the Equated Monthly Instalments (EMIs) or Pre-EMIs (PEMIs) should be honoured
    • Individuals who have faced job loss or salary cuts due to the Covid-19 pandemic, as assessed by HDFC

    Documents Required for HDFC Home Loan Restructuring

    To avail the Loan restructuring plan, you will have to submit the request for restructuring of your home loan in the prescribed format as given by HDFC. You will be informed of the relevant documents that are required by HDFC. These documents will be required to assess the impact of the Covid-19 pandemic on the income sources of the applicant as well as to assess how viable a restructuring of the loan will be in the current circumstances.

    For salaried individuals, the documents required may be:

    • Salary slips
    • Bank statements may be required.

    For self-employed individuals, the documents required may be:

    • Bank statements
    • Income tax returns
    • GST returns
    • Udyam certificate

    Charges for Home Loan Restructuring

    HDFC may charge a processing fee as well as higher interest rates for the home loan to be restructured.

    Options for Home Loan Restructuring

    The options available to you for home loan restructuring are extension of the remaining repayment tenure of the loan with or without the moratorium for a period not exceeding 2 years from the original loan repayment tenure.


    1. If a loan was taken with a co-borrower, are they also required to sign the loan restructuring document?

      Yes, if your loan was taken with a co-borrower, they too would have to mandatorily sign all the required documents for the loan restructuring to be implemented.

    2. Can anyone who has not applied for the loan moratorium apply for the loan restructuring?

      Yes, those who have not applied for moratorium before can also apply for the home loan restructuring so long as they meet the other eligibility criteria for the restructuring scheme.

    3. Should I put in multiple applications for restructuring if I have different loans with HDFC?

      Yes, you should apply for restructuring separately for each loan that you have with HDFC.

    4. Will the restructuring negatively affect my credit score?

      As per guidelines, all loans that are restructured will be reported to the credit bureau as such. This means that your credit history will be impacted by the policies applicable to restructured loans as decided by the credit bureaus.

    5. What is the minimum outstanding required to avail the restructuring plan?

      The minimum outstanding required to avail the restructuring plan for your home loan is Rs.25,000.


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