Table of Contents
- 1 What is Top Up Home Loan
- 2 HDFC Home Loan Top Up Details
- 3 HDFC Top up Loan Interest Rate
- 4 HDFC Home Loan Top up Fee and Charges
- 5 Purposes for Which HDFC Home Loan Top Up Can be Availed
- 6 HDFC Bank Top up Home Loan Amount
- 7 HDFC Bank Top up Home Loan Tenure
- 8 When I Can Apply for Home Top up Loan
- 9 Features and Benefits of HDFC Home Top up
- 10 HDFC Home Loan Top up Eligibility
- 11 Documents Required for HDFC Home Top up Loan
- 12 HDFC Home Loan Top up Customer Care Number
- 13 HDFC Home Loan Top Up EMI Calculator
- 14 Compare With Other Lenders
- 15 FAQs
Want to learn about HDFC Home Loan Top Up, Good. In this blog post, we will walk you through different aspects of HDFC home Top Up loans like interest rates, features, and eligibility. Read this post for full details.
What is Top Up Home Loan
A Home Top-up Loan is an additional loan amount that is given by the Bank/NBFC over and above your existing home loan. This type of loan is offered by various banks and financial institutions, subject to certain criteria, such as a good repayment track record, the value of the property, etc.
Although the interest rate on a home loan top-up is typically higher than the original home loan rate, it is still lower than the rate for a personal loan. The borrowed funds can be used for a variety of personal expenses, such as medical bills, education expenses, and home renovation.
The repayment process of a home loan top-up usually involves paying monthly installments over a set period of time.
HDFC Home Loan Top Up Details
HDFC Top Up Home Loan is an additional loan amount that is given to HDFC customers over and above their existing home loan. In HDFC Home Loan Top Up, customers can take a Top-up of up to Rs.50 lakhs.
| HDFC Home Loan Top Up Amount | Up to Rs.50 Lakhs |
| Retail Prime Lending Rate | 17.95% |
| HDFC Home Loan Top up Interest Rate | 8.75% – 9.70% |
| Maximum Tenure | Up to 15 years |
Processing Fees | Up to 1.5% of the loan amount |
HDFC Home Top Up Loan Login | Click here for HDFC Home Loan Top-up Login |
HDFC Top up Loan Interest Rate
1. For Existing Customers (Salaried, Self-employed and Self-employed Non-Professional)
| For Existing Customers | |
|---|---|
| Loan Slab | HDFC Home Loan Top Up Interest Rate |
| Outstanding Home Loan + Top-Up Loan | 9.00% – 9.50% |
2. For Salaried, Self-employed Professionals
| HDFC Home Loan Top up Interest Rate | ||
|---|---|---|
| Loan Amount | Women | Others |
| Up to Rs.30 Lakhs | 8.75%-9.25% | 8.80%-9.30% |
| From Rs.30.01 Lakhs to Rs.50 Lakhs | 9.00%-9.50% | 9.05%-9.55% |
3. For Self-employed Non-professionals
| HDFC Home Loan Top up Interest Rate | ||
|---|---|---|
| Loan Amount | Women | Others |
| Up to Rs.30 Lakhs | 8.85%-9.40% | 8.90%-9.45% |
| From Rs.30.01 Lakhs to Rs.50 Lakhs | 9.10%-9.65% | 9.15%-9.70% |
HDFC Home Loan Top up Fee and Charges
1. HDFC Home Loan Top up Processing Fee and Other Charges
- Processing Fee (For Salaried and Self-employed): Up to 0.50% of the loan amount and Rs.3000 whichever is higher.
- Processing Fee (For Self-employed Non-professionals): Up to 1.50% of the loan amount and Rs.4500 whichever is higher.
- Minimum Retention Amount: 50% of the applicable fee
- Property Insurance: The premium of property insurance will be paid by the customer on regular basis during the loan tenure to keep his/her policy active.
- Delayed Payment Charges: Interest up to 24% p.a. will be paid by the customer on the account of delayed payment.
Statutory / Regulatory Charges: These charges will be borne by the customer only.
| Document Type | Charges |
|---|---|
| Check Dishonour Charges | Rs.300 |
| List Of Documents | Up Rs.500 |
| Photo Copy Of Documents | Up Rs.500 |
| PDC Swap | Up Rs.500 |
| Disbursement Cheque Cancellation Charge Post Disbursement | Up Rs.500 |
| Re-Appraisal Of Loan After 6 Months From Sanction | Up to Rs.2000 |
| Reversal of Provisional Prepayment under HDFC Maxvantage Scheme | Rs.250 |
2. Prepayment Charges
| HOUSING LOAN | |
|---|---|
| Loan | Prepayment Charges |
| Adjustable Rate Loans (ARHL) and Combination Rate Home Loans (CRHL) during the period of applicability of the Variable Rate of interest | No prepayment charges except when the loan is sanctioned for business purposes. |
| Fixed Rate Loans (“FRHL”) and Combination Rate Home Loans (CRHL) during the period of applicability of the Fixed Rate of interest | 2% of the loan amount. |
| NON-HOUSING AND BUSINESS LOAN | |
|---|---|
| Loan | Prepayment Charges |
| Adjustable Rate Loans (ARHL) and Combination Rate Home Loans (CRHL) during the period of applicability of the Variable Rate of interest | 2% of the loan amount. |
| Fixed Rate Loans (“FRHL”) and Combination Rate Home Loans (CRHL) during the period of applicability of the Fixed Rate of interest | 2% of the loan amount. |
3. Conversion Fee
| Name of the Product | Charges |
|---|---|
| Switch to Lower Rate in Variable rate Loans (Housing / Extension / Renovation) | Up to 0.50% of the principal outstanding. |
| Switching to Variable Rate Loan from Fixed Rate Loan (Housing / Extension / Renovation) | Up to 0.50% of the principal outstanding. |
| Switch to an RPLR-NH Benchmark Rate (Non–Housing Loans) and the corresponding spread | NIL |
| Switch to Lower Rate (Loans under HDFC Reach)- Variable Rate | Up to 1.50% of the principal outstanding |
| Switch to HDFC Maxvantage Scheme | 0.25% of the outstanding loan amount. |
Purposes for Which HDFC Home Loan Top Up Can be Availed
HDFC Top Up Loan can be availed for a variety of purposes such as business expansion, marriage expenses, vacation planning, education expenses, etc.
HDFC Home Loan Top Up can also be utilized for professional and business needs.
HDFC Bank Top up Home Loan Amount
The HDFC Home Loan Top Up is an additional loan amount that can be obtained by existing HDFC Home Loan customers, who have maintained a good repayment track record over a period of time.
The loan amount for the HDFC Home Loan Top Up is subject to certain eligibility criteria, such as the borrower’s income, CIBIL score, and repayment history.
You can avail HDFC home top-up loan from a minimum of Rs.1 lakh to a maximum of Rs.50 lakh.
HDFC Bank Top up Home Loan Tenure
The maximum tenure available for HDFC Home Top up Loan is 15 years.
When I Can Apply for Home Top up Loan
You can apply for a Home top-up loan after 12 months of disbursement of your existing home loan.
Features and Benefits of HDFC Home Top up
- Home top-up loans for a variety of purposes like wedding planning, education expenses, etc.
- Less documentation
- Attractive interest rates
- For existing customers as well as new customers
- Maximum top-up of up to Rs.50 lakhs
HDFC Home Loan Top up Eligibility
If You are paying EMI for an existing housing loan, house renovation loan, or home extension loan, then you can also apply for HDFC Home Top-up Loan.
- Age: Customers in the age group of 21 to 65 years, can apply for a home top-up loan.
- Profession: Salaried and Self-employed individuals can apply.
- Nationality: Indian
Documents Required for HDFC Home Top up Loan
1. Documents Required for Salaried Individuals
| For Identity and Residence |
|
| Proof of Income |
|
| Other Documents |
|
| Property Related Documents | *** SUBMIT THE BELOW DOCUMENTS IF YOU HAVE NOT SUBMITTED THEM IN THE PREVIOUS LOAN APPLICATION *** For New Homes:
For Resale Homes:
For Construction of Home:
|
2. Documents Required for Self-Employed Professionals
| For Identity and Residence |
|
| Proof of Income |
|
| Other Documents |
|
| Property Related Documents | *** SUBMIT THE BELOW DOCUMENTS IF YOU HAVE NOT SUBMITTED THEM IN THE PREVIOUS LOAN APPLICATION ***
For New Homes:
For Resale Homes:
For Construction of Home:
|
HDFC Home Loan Top up Customer Care Number
- HDFC Home Loan Customer Care Number: 9289200017
- HDFC Home Loan Customer Care Toll-free Number: 1800 210 0018
- HDFC Customer Care Home Loan Whatsapp Number: 9867000000
HDFC Home Loan Top Up EMI Calculator
Compare With Other Lenders
| Lenders | Home Top up Loan Interest Rate |
|---|---|
| HDFC Bank | 8.75% – 9.70% |
| State Bank of India | 8.80% – 9.85% |
| Axis Bank | 8.90% – 9.15% |
| PNB | 10.25% |
| Union Bank | 6.80% to 7.35% |
FAQs
Q: How much Top up home loan can I get?
Ans: You can get a maximum home top up loan of Rs.50 lakhs.
Q: Can I take top up loan on home loan?
Ans: Yes, you can take a top up loan on your existing HDFC home loan after one year.
Q: Is Top up home loan a good idea?
Ans: Top up home loan offers a low-interest rate as compared to personal loan, hence Top-up is a good option for raising funds.
Q: Which is a better top up loan or a new home loan?
Ans: Top up home loan is better than a new home loan because it offers a low-interest rate and also saves our most valuable time.
Q: What is the interest rate of top up home loan in HDFC?
Ans: HDFC Home Top up Loan interest rate ranges from 8.75% to 9.70% p.a.
| All About Home Loan with HDFC Bank |
| HDFC Home Loan Rates and Types |
| HDFC Customer Care Number |
| PNB Housing Fixed Deposit Interest Rates |
| SBI Home Top-Up Loan |
Hello friends, I am Jony Baku and a resident of Haryana, India. I took my first step into the blogging world in 2019 and since then I have been trying to contribute in this field. I love writing and reading articles, that's why I try hard to write my articles as best as possible.
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