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

    Housing & Urban Development Corporation Limited (HUDCO) offers home loans at attractive interest rates starting at 8.95%, in floating and fixed interest rates packages, with tenures going up to 25 years. There are no processing fees or prepayment penalties.

    HUDCO Home Loan Interest Rates 2022

    1. HUDCO NIWAS Home Loan
    • HUDCO home loan interest rates starting from 8.95% p.a.
    • Zero processing fee
    • Loans of up to Rs.1 crore
    • Tenure of up to 25 years
    Interest Rate 8.95% p.a. to 9.45% p.a.(floating rate)
    9.50 % p.a. (fixed rate)
    Processing Fee Nil

    Compare: Home Loan Interest Rate all Banks

    HUDCO Home Loan EMI Calculator

    Your home loan EMI (equated monthly instalment) depends on multiple factors, including the loan amount, tenure, and interest rate. To calculate your monthly instalments beforehand, you can use Home Loan EMI Calculator.

    The computation process is hassle-free with a quick turnaround time. Just enter all the details related to your loan, including amount, rate of interest, and processing fee. Click on “calculate” to view your EMI. This will be followed by an amortisation table that will give you a complete breakdown of your repayment schedule.

    HUDCO Home Loan Eligibility Criteria

    Age 23 years to 65 years
    Nationality Resident Indians

    Documents Required

    • Identity proof
    • Residential address proof
    • Passport size photograph
    • Last 3 months’ salary slips
    • Last 6 months’ bank statements
    • Property-related documents


    1. Is this scheme specifically for purchasing a house?

      No, the amount can be used for multiple property-related purposes, including construction or purchase of house, home extensions and improvements, and refinancing of existing financing taken from another bank, to name a few.

    2. Can I get interest subsidy if I belong to the EWS (Economically Weaker Section) category?

      Yes, LIG and EWS applicants are eligible for an interest subsidy of 6.5%. However, this facility is available only for loans up to Rs.6 lakh. So, if you are looking for a loan above Rs.6 lakh, applicable rate of interest will be charged.

    3. Are there any processing fee that I have to pay?

      No, you don’t have to pay any processing fee. However, you will have to pay an administrative fee of 0.25% of the loan amount.

    4. Are there any other rebates or facilities offered under this scheme?

      Those who qualify for Credit Linked Subsidy Scheme (CLSS) are eligible for subsidised rates. Women police personnel can enjoy a rebate of 0.10% on the existing rates (conditions apply). Also, government employees can enjoy reduced rates.

    5. Are there any prepayment charges?

      You don’t have to pay any charges if you foreclose the loan.


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    HUDCO Home Loan Reviews

    • HUDCO
      0.5 3.0/5 "Satisfactory"
      I have taken a housing loan from HUDCO. They took a long time to provide the loan. They took around 2 months of time to provide the loan. Its an ongoing loan. I have got a letter confirming that the rates have gone up. However there is no impact on EMI as the EMI remains the same. The payment is getting deducted from my SBI account.
      Was this review helpful? 16
      , pondicherry
      Reviewed on Jul 25, 2015
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