HDFC Bank
Home Loan

All HDFC bank home loan interest rates are benchmarked to Policy Repo Rate, which is currently 6.50%. HDFC Bank Home Loan current rate of interest starts from 8.75% - 9.65% p.a. Compare the rate of interest for various HDFC Bank home loans using the following table on ROI of HDFC Bank Home loan 2024:

Special Home Loan Rates 2024 for Salaried & Self Employed  (Professionals & Non-Professionals)

Standard Home Loan Rates 2024 for Salaried & Self Employed 2024 (Professionals & Non-Professionals)

The above Home Loan interest rates are applicable for loans under the Adjustable Rate Home Loan Scheme (i.e. Floating Interest Rate) of HDFC Bank and are subject to change during disbursement. The HDFC Bank Home Loan interest rates given above are linked to the bank's Repo Rate and are variable throughout the tenure of the loan. All loans are at the sole discretion of HDFC Bank.

Let’s compare HDFC Bank home loan rates with rates of interest offered by other banks-

HDFC offers customised for resident as well non-resident Indians. 

Let’s explore different types of HDFC Housing Loans:

HDFC Bank Home Loans - for Purchase of New Residential Units

• Home loan for the purchase of a new house from a private developer or housing development authorities.
• Both salaried & self-employed can apply for HDFC Bank Home Loans.
• Maximum repayment tenure is 30 years for Telescopic Repayment under Adjustable Rate Home Loan.
• Loan amount can vary from 75% to 90% of property value. The margin ranges from 10% to 25%.
• Flexible repayment options are available.

HDFC Bank Home Loans - For Purchase of Resale Homes

• Home loan for the purchase of resale property under a co-operative housing society or apartment owners' association or development authority, or a privately built home.
• Repayment tenure & margin terms are the same as regular home loan.

HDFC Bank Home Loan for Construction of Houses

• Loan for funding the construction of a home on a freehold plot or a plot allotted by the Development Authority.
• Home loan can be applied with co-applicant(s) to enhance eligibility.
• Repayment options, eligibility criteria and margin requirements are similar to home loans for new and pre-owned houses.

HDFC Bank Home Loan Balance Transfer

• HDFC Home Loan Transfer lets you surrender your previous loan and transfer your home loan balance to HDFC Bank
• No maximum limit for balance transfer.
• Top-up with HDFC home loan transfer is capped at Rs. 50 Lakhs.
• Past credit history, the market value of property and repayment capacity will determine eligibility.
• Margin requirements are the same as regular Home Loan.
• Maximum tenure allowed under HLBT is 20 years. 
• Extension up to 30 years is allowed only for Telescopic Repayment Option under Adjustable Rate Home Loan.

HDFC Bank Home Improvement Loans

• Housing loan for home improvement, repair or renovation.
• Available to existing as well as new customers.
• Maximum tenure of 15 years.
• Existing customers can avail of 100% of the estimated costs subject to the market value of the property. LTV ratio up to 75% to 90%.
• Margin for new customers- 10% to 25% of the market value of the property.

HDFC Bank Home Extension Loans

• Loan for extension of the residential unit such as adding a room or constructing additional floor(s), subject to approval from the concerned authority.
• Max tenure of 20 years.
• Loan terms depend on construction estimate.
• Margin of 10% to 25%, depending on loan amount & market value of property.

HDFC Bank Plot Loans

• Loan for purchasing a residential land/ plot through direct allotment or resale.
• Other lender’s plot loan transfer is allowed. 
• The maximum loan tenure is 15 years.
• Margin capping is 20% to 25% of the property cost: 20% for loans up to Rs. 75 Lakhs and 25% for loans over Rs. 75 Lakhs. 
• In case the plot is located outside city limits, a higher margin of 30% can be placed.
• Eligibility criteria & repayment options are similar to other HDFC Bank Home Loan variants.

HDFC NRI Home Loan

• Home Loan for Non-Resident Indians (NRIs), Persons of Indian Origin (PIO) and Overseas Citizens of India (OCI).
• Housing finance for NRIs living in the Middle East Countries, Singapore, the United Kingdom and many other places.
• Home loan advisory services available in resident countries.
• HDFC Bank also provides property search advisory services.
• This home loan can be availed to purchase property located anywhere in India where HDFC has an office.
• Merchant Navy personnel can also avail of this facility.
• The maximum repayment tenure is 20 years. 
• You can use the Tranche-Based EMI option.

HDFC Bank Pre-Approved Loan Scheme

• All eligible borrowers can avail Pre-Approved Home Loan from HDFC Bank i.e. a letter of provisional sanction for a few months. 
• Pre-approved home loan sanction helps to negotiate better deals with builders. 
• Loan is approved as you share details of the property. 
• Regular terms & conditions apply.

HDFC Bank Short Term Bridging Loans

• Home Loan to buy a new residential unit while waiting for the sale of your existing home.
• Repayment is through monthly instalments of simple interest with lump sum repayment at the end of the term.
• The maximum loan tenure period is 2 years.
• The margin is 20% of the property cost for loans up to Rs. 75 Lakhs and 25% of the property cost for loans above Rs. 75 Lakhs.

HDFC Bank Rural Housing Finance

• Home loan for the purchase, construction, and renovation of homes in rural areas by people residing in rural areas/ villages.
• Categories eligible to apply:  Agriculturists, planters, horticulturists, dairy farmers and so on.
• Salaried and self-employed individuals can also avail of this loan to purchase or construct residential property in their village.
• Agriculturists need not mortgage their agricultural land for availing Home Loans under this scheme. They need not submit IT returns. 
• Maximum loan tenure is 20 years for all agriculturists.
• The margin requirement is 10% to 25% of the property cost.

HDFC Bank Pradhan Mantri Awas Yojana

• PMAY is the pilot home loan subsidy scheme offered by the Government of India.
• HDFC is one of the institutional lenders that can lend to beneficiaries under this Credit-Linked Subsidy Scheme.
• The maximum interest subsidy available in PMAY is 2.67 Lakhs.
• People from the Economically Weaker Sections (EWS), Lower Income Group (LIG), and Middle Income Group (MIG-I and MIG-II) not owning residential property in their names/ or in the names of immediate family members are eligible for interest rate subsidy on home loan under PMAY.

In Collaboration with Army Group Insurance Fund (AGIF)

• Armed Forces Personnel can avail of finance from HDFC in addition to the borrowing from the AGIF for the purchase or construction of houses.

HDFC Bank Reach

• This is an affordable home loan scheme by HDFC. 
• All benefits applicable as under regular home loans.
• The borrower should have a minimum salary of Rs. 10,000 per month or an annual income of Rs. 2 Lakhs in the case of self-employed individuals.
• Maximum tenure is 30 years for Home Loans, home extension loans and re-finance home loans under the category. Other home loan variants are capped at 15 years.
• The margin requirement is 20% for Home Loans, home extension loans, home improvement loans, and top-up loans. It is 40% for non-residential premises and plot loans and 50% for Loan against Property.
• This product is a 3-year fixed rate variant under the TruFixed Home Loan category.
• Rate of interest will vary as per repayment capacity and loan tenants. 

You can instantly Calculate HDFC Bank Home Loan EMI using an online Home Loan EMI Calculator on our platform. All you have to do is fill up loan details like the loan amount, rate of interest, and the loan tenure. You will instantly get the EMI schedule along with the comprehensive amortisation table.

HDFC Bank Home Loan EMI Calculation

To help you compare home loan EMIs for HDFC Bank Home Loan, sharing below EMI Calculation for Rs 10 Lakhs to Rs 60 Lakhs amount for 10, 20 & 30 years at lowest rate of 8.75% - 9.65% p.a. The EMI will certainly change during the year as the home loan rate resets during the loan period.

Furthermore, you can also use HDFC Bank home loan eligibility Calculator to assess the loan amount eligibility for your profile. Share income, existing liabilities and tentative EMI for the calculation.

Also check: HDFC Home Loan Cibil Score

Fees and charges associated with the HDFC Bank Home Loans are: 

Check for 50 lakh home loan EMI and apply easily on MyMoneyMantra.

Eligibility for HDFC Bank Home Loan will vary according to your income, age, credit score, monthly fixed financial obligations like EMIs, credit history, retirement age and job/employment stability or business continuity. Before applying for HDFC Bank Home Loan, consider the following criteria:

• The applicant should be an Indian resident. 
• The applicant should be a salaried, self-employed professional (Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary etc.) or a self-employed non-professional (Trader, Commission Agent, Contractor etc.).
• The applicant should have a fixed & stable source of income.
• The applicant’s age should be between 18 to 70 years.
• The applicant should have good credit score & credit history. 
• Based on your existing financial obligations like EMIs, credit card bills etc., eligibility for HDFC home loan is determined.

Here is a quick list of documents that are required to be submitted/ uploaded with your HDFC Bank Home Loan application. 

• Recent coloured passport size photographs of all co-applicants. 
• Duly filled & signed application form.

KYC documents: 

PAN & copy of any one of the following documents-

Identity Proof: Aadhar Card/ Passport/ Driving License/ Voter ID Card

Address Proof: Aadhaar Card/ Passport/ Latest utility bill like Electricity, Water or Gas Bill/ Registered Rent Agreement/ Lease Agreement etc

Proof of income:

• Salary Slips for last three months.
• Bank Statements showing salary credits for the last six months.
• Latest Form-16 & IT returns
• Proof of business continuity for the last 3 years.

Property documents:

For New Homes:

• Allotment Letter / Buyer Agreement
• Receipt(s) of payment (s) made to developer

For Resale Homes:

• Title Deeds including chain of previous property documents
• Receipt(s) of initial payment(s) made to seller
• Agreement to sell (if applicable)

For Construction:

• Plot’s Title Deeds
• No encumbrance certificate
• Copy of plan as approved by Local Authorities
• Construction estimate by an Architect or Civil engineer

Income documents:

Salaried Individuals:

• Salary slips of last 3 months 
• Bank statements showing salary credits & EMI debits for last 6 months
• Latest Form 16 and ITR

Self Employed:

• Bank Statement for business as well as individual for past 1 year
• Business existence proof 
• Individual as well as Business’ copy of ITR for last 3 years
• Company registration license under Shop and Establishment Act
• Individual as well as business’ Computation of Income, Profit & Loss Account, Audit Report, Balance Sheet, etc.

Other documents:

• Past repayment record + sanction letter for existing loan(s) 
• Cheque for processing fee

Get detailed list of HDFC Bank Home loan documents for different profiles- salaried, self-employed, NRI here: 

HDFC Bank has designated dedicated home loan helplines for Customers Care.

New Delhi - 18002100018, 011-64807999

Mumbai- 18002100018, 022-64807999  
For information on Home Loan- SMS "HDFCHOME" to 56767

Helpline numbers differ from city to city. You can get this information on the official website of HDFC.

Give a missed call to 09289200017 from your registered mobile number. A home loan executive will call you back.

You can also write your concerns directly on the link: 

https://www.hdfc.com/write-to-us/service-request

Corporate Office:  

HDFC House, H T Parekh Marg, 

165-166, Backbay Reclamation, 

Churchgate, Mumbai - 400 020.

Working Days: Monday to Friday

Working Hours: 9:30 am to 5:15 pm

Tel:  +91 (22) 66316000 

Fax: +91 (22) 22046834

For Housing Loans in Mumbai

+91 (22) 66636000

Alternatively, use missed call or SMS Service to get the customer care support.