Latest HDFC Home Loan Interest Rates, Eligibility and More..

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HDFC – India’s largest private lender provides home loans at attractive interest rates starting at 8.40% p.a. Eligible customers can apply for a home loan with HDFC bank.

Highlights of Home Loan with HDFC Bank

HDFC Home Loan RatesFrom 8.40% p.a. to 9.50% p.a.
TenureUp to 30 years
Loan AmountUp to 90% value of the property
Retail Prime Lending Rate (RPLR)17.95%
Age20 Years to 65 Years
Processing Fee0.50% of the loan amount or Rs.3000 whichever is higher.
HDFC Home Loan Application StatusClick here for HDFC Home Loan Application Status
HDFC Home Loan LoginHDFC Home Loan Login Page
HDFC Office AddressRamon House, 169, Backbay reclamation,
H T Parekh Marg, Churchgate, Mumbai – 400020

HDFC Home Loan Rates

1. Special HDFC Home Loan Rates – Salaried

Loan AmountHome Loan with HDFC Bank Interest Rate
For the Credit Score of 800 and Above8.20%
For others8.40% – 8.90%

2. Standard HDFC Home Loan Rates – Salaried

Loan AmountHome Loan with HDFC Bank Interest Rate – WomenHome Loan with HDFC Bank Interest Rate – Others
Up to Rs.30 Lakhs8.60%-9.10%8.65%-9.15%
From Rs.30.01 Lakhs to Rs.75 Lakhs8.85%-9.35%8.90%-9.40%
From Rs.75.01 Lakhs and Above it8.95%-9.45%9.00%-9.50%

3. Special HDFC Home Loan Rates – Self Employed Professionals

Loan AmountHome Loan with HDFC Bank Interest Rate
For the Credit Score of 800 and above8.20%
For others8.40% – 8.90%

4. Standard HDFC Home Loan Rates – Self Employed Professionals

Loan AmountHome Loan with HDFC Bank Interest Rate – WomenHome Loan with HDFC Bank Interest Rate – Others
Up to Rs.30 Lakhs8.60%-9.10%8.65%-9.15%
From Rs.30.01 Lakhs to Rs.75 Lakhs8.85%-9.35%8.90%-9.40%
From Rs.75.01 Lakhs and Above it8.95%-9.45%9.00%-9.50%

5. Special HDFC Home Loan Rates – Self Employed Non Professionals

Loan AmountHome Loan with HDFC Bank Interest Rate
For the Credit Score of 800 and above8.20%
For others8.40% – 8.90%

6. Standard HDFC Home Loan Rates – Self Employed Non Professionals

Loan AmountHome Loan with HDFC Bank Interest Rate – WomenHome Loan with HDFC Bank Interest Rate – Others
Up to Rs.30 Lakhs8.70%-9.20%8.75%-9.25%
From Rs.30.01 Lakhs to Rs.75 Lakhs8.95%-9.45%9.00%-9.50%
From Rs.75.01 Lakhs and Above it9.05%-9.55%9.10%-9.60%

Maximum Funding under Home Loan with HDFC Bank

Home Loan AmountMaximum Funding
Up to Rs.30 LakhsUp to 90% value of the property
From Rs.30.01 Lakhs to Rs.75 LakhsUp to 80% value of the property
From Rs.75.01 Lakhs and Above itUp to 75% value of the property

Home Loan in HDFC Bank – Processing Fee and Charges

This is a detailed view of the processing fee and charges of home loan with HDFC bank.

1. For Salaried

TypeSalaried
Processing FeeUp to 0.50% of the loan amount or Rs.3000 whichever is higher.
Minimum Retention AmountRs.3000 or 50% of applicable fees
Delayed Payment ChargesExtra interest up to 24% p.a.
Pre-payment/Foreclosure Charges0-2% of the loan amount
# GST will be applicable on the above charges.

2. For Self-Employed

TypeSelf-Employed
Self-Employed ProfessionalsSelf-Employed Non-Professionals
Processing FeeUp to 0.50% of the loan amount or Rs.3000 whichever is higher.Up to 1.50% of the loan amount or Rs.4500 whichever is higher.
Minimum Retention AmountRs.3000 or 50% of applicable feesRs.4500 or 50% of applicable fees
Delayed Payment ChargesExtra interest up to 24% p.a.
Pre-payment/Foreclosure Charges0-2% of the loan amount
# GST will be applicable on the above charges.

3. Other Charges for Salaried and Self-Employed

TypeFee
List of DocumentsUp to Rs.500
Check Dishonour ChargesRs.300
Photocopy of DocumentsUp to Rs.500
PDC SwapUp to Rs.500
Re-appraisal of the loan after 6 months from sanctionUp to Rs.2000
Reversal of Provisional Prepayment under HDFC Maxvantage SchemeRs.250
# GST will be applicable on the above charges.

Home Loan with HDFC Bank – Features

  • Online Process: You can apply for a home loan in HDFC bank from the comfort of your home.
  • 24*7 Customer Care: HDFC provides 24*7 customer support through its website and WhatsApp.
  • Repayment: Flexible repayment option varies up to 30 years.

Eligibility for Home Loan HDFC

You should fulfill the below eligibility criteria to get a home loan with HDFC bank.

For Salaried and Self-Employed

  • Age: Customers should be in the age group of 21 to 65 years.
  • Nationality: Indian
  • Income: Minimum Rs.10,000 per month for Salaried and Rs.2 Lakhs for Self-Employed Individuals.

hdfc home loan rates self employed classification

Home Loan with HDFC Bank – Documents Required

Below is the list of documents required for a home loan in HDFC bank.

1. Documents Required for Salaried Individuals

For Identity and Residence
  • PAN Card (compulsory)
  • Passport/ Driving License/ Voter Card/ NREGA Job Card/ Aadhar Card (Any one of the followings)
Proof of Income
  • Salary slip of last 3 months
  • Last 6 months’ bank statement
  • Form 16 (latest)
Other Documents
  • Passport size photograph
  • Cheque
  • Own contribution proof
  • Last 6 months’ bank statement if the customer has any ongoing loan
Property Related DocumentsFor New Homes:

  • Copy of the Allotment Letter
  • Receipts of payment made to the developer

For Resale Homes:

  • Title Deed
  • Copy of the Allotment Letter
  • Receipts of payment made to the developer

For Construction of Home:

  • Proof of no encumbrances on the property
  • Title Deed
  • Copy of the plans, approved by the Local Authorities
  • Construction estimate

2. Documents Required for Self-Employed

For Identity and Residence
  • PAN Card (compulsory)
  • Passport/ Driving License/ Voter Card/ NREGA Job Card/ Aadhar Card (Any one of the followings)
Proof of Income
  • Income tax return for the last 3 years
  • Last 6 months’ bank statement
  • Last 6 months’ current account statement of the entity or business
  • 3 years balance sheet
Other Documents
  • Passport size photograph of all the applicants
  • Cheque
  • Own contribution proof
  • Business Profile
  • Form 26 AS
  • Partnership deed in case of the business entity is a partnership firm
  • Details of ongoing loan
  • List of Directors and Shareholders with their individual shareholding
Property Related DocumentsFor New Homes:

  • Copy of the Allotment Letter
  • Receipts of payment made to the developer

For Resale Homes:

  • Title Deed
  • Copy of the Allotment Letter
  • Receipts of payment made to the developer

For Construction of Home:

  • Proof of no encumbrances on the property
  • Title Deed
  • Copy of the plans, approved by the Local Authorities
  • Construction estimate

How to Apply for Home Loan by HDFC Bank

You can apply for a home loan by hdfc bank by the following two methods.

Method 1: Apply for Home Loan with HDFC Bank Through its Website

Step1: Go to the official website of the Lender.

Step2: Fill in basic information like Type of loan, Applicant name, etc, and click on continue.

home loan with hdfc bank basic information

Step3: Fill in information like Resident type, country of residence, mobile number, e-mail id, etc, and then click on the continue button.

home loan with hdfc bank basic information

Step4: Verify the OTP received on your mobile number.

home loan with hdfc bank basic information

Step5: Now select one of the available options provided on the screen.

Step6: Follow the direction given on the screen, thus you can easily apply for a home loan in HDFC bank from the comfort of your home.

Method 2: Apply for Home Loan in HDFC Bank Through Bank Branch

You can apply for a home loan with HDFC bank by visiting the nearest branch of HDFC bank.

The home loan executive will guide you through the complete loan process.

Home to Check HDFC Home Loan Application Status

You can check HDFC home loan status by visiting HDFC Home Loan Application Tracker Page.

You can check HDFC home loan application status by entering any one of the details like Application name/ Reference number/ DOB or Mobile number.

HDFC Home Loan Calculator

You can calculate your HDFC home loan EMI with this calculator. You just need to enter relevant details like loan amount, interest rate, and tenure to get your HDFC home loan EMI.

1. Home Loan with HDFC Bank – EMI Calculation

Home Loan in HDFC Bank – EMI Calculation
Loan AmountEMI for 10-Year TenureEMI for 20-Year TenureEMI for 30-Year Tenure
Rs.10 Lakhs₹12,560₹8,869₹7,903
Rs.20 Lakhs₹25,119₹17,738₹15,805
Rs.30 Lakhs₹37,679₹26,607₹23,708
Note: Interest Rate is assumed at 8.80% p.a. for the above illustration.

2. HDFC Home Loan EMI Calculator


www.financeexpert.in

Customer Care HDFC Home Loan

  • 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
  • You can also message HDFC Home loan customer care to “56767” after typing “HDFCHOME” in the Message box.

Customers can also request a callback. To receive a call back from HDFC Home Loan customer care, you just need to visit the official website of HDFC.

On the bottom left of the page, you will see the “Request Call Back” option. Just click on it and enter your basic details and then click on submit button.

hdfc customer care

After submitting the form, the HDFC customer care home loan executive will call you back after a short time.

Grievance Redressal Mechanism of Home Loan with HDFC bank

Level 1: You can write to the HDFC Grievance Redressal officer if you are not satisfied with the services provided by HDFC.

Chief Grievance Redressal Officer:

Mr. Anjan Joshi

Address: Ramon House,
H T Parekh Marg,
169, Backbay Reclamation,
Churchgate,
Mumbai 400 020

Level 2: If you are not satisfied with the response provided by Level 1. You can escalate your grievance with the Managing Director of HDFC.

HDFC Bank Managing Director:

Ms. Renu Sud Karnad

Address: HDFC Ltd.
HDFC House,
H T Parekh Marg,
165-166, Backbay Reclamation,
Churchgate, Mumbai 400 020

Level 3: In case, your query is not resolved within one month, you can approach National Housing Bank.

National Housing Bank:

Department of Regulation and Supervision, Complaint Redressal Cell

Address: 4th Floor, Core-5A,
India Habitat Centre,
Lodhi Road,
New Delhi – 110003

HDFC Home Loan Types

1. Regular Home Loans with HDFC Bank

This home loan is available for all types of customers. Anyone with a good credit score can apply for HDFC Regular Home Loans.

2. HDFC Plot Loans

With HDFC Plot Loans, you can purchase the land of your choice.

Maximum Funding under HDFC Plot Loans:
Home Loan AmountMaximum Funding
Up to Rs.30 LakhsUp to 80% value of the property
From Rs.30.01 Lakhs to Rs.75 LakhsUp to 80% value of the property
From Rs.75.01 Lakhs and Above itUp to 75% value of the property

3. HDFC House Renovation Loans

You can upgrade or renovate your existing house with HDFC house renovation loans.

Maximum Funding under HDFC House Renovation Loans:
For Existing Customers
Home Loan AmountMaximum Funding
Up to Rs.30 Lakhs100% renovation estimate
From Rs.30.01 Lakhs to Rs.75 Lakhs100% renovation estimate
From Rs.75.01 Lakhs and Above it100% renovation estimate
For New Customers
Home Loan AmountMaximum Funding
Up to Rs.30 Lakhs90% renovation estimate
From Rs.30.01 Lakhs to Rs.75 Lakhs90% renovation estimate
From Rs.75.01 Lakhs and Above it90% renovation estimate

4. HDFC Home Loan Against Property

HDFC home loans against property can be availed for any personal or business purpose.
Both residential and commercial properties can be mortgaged for availing of this loan.

Maximum Funding under HDFC Home Loan Against Property
Existing CustomersUp to 60% value of the mortgage property
New CustomersUp to 50% value of the mortgage property

5. Pradhan Mantri Awas Yojana (PMAY)

Pradhan Mantri Aawas Yojana (Urban) was launched by the government of India in 2015.

The main aim of the scheme is to provide housing for all in urban areas by the year 2022.

A maximum of 4% interest subsidy is given to eligible customers under the scheme.

Eligibility: Annual income of the beneficiary family should be below Rs.18 Lakhs.

6. HDFC NRI Home Loan

HDFC NRI Home Loan can be availed by NRIs, PIOs, and OCIs for a purchase of a house.

Features:

  • Attractive interest rates
  • Customers can buy any house located in India.
  • Merchant Navy employees can also apply for this home loan.

7. HDFC Top-up Home Loan

HDFC Top-up home loans can be availed for business and personal purchases such as marriage and business expenses.

You can apply for an HDFC Top-up home loan after 12 months of your existing home loan.

8. HDFC Home Loan Balance Transfer

With HDFC Home Loan Balance Transfer, you can transfer your existing home loan from other lenders to HDFC.

Home Loan with HDFC Bank – FAQs

Q: What is the maximum home loan amount that I can get?

Ans: You can get a maximum home loan of up to 90% value of the property.

Q: What are the eligibility criteria to avail HDFC home loan?

Ans: Salaried and Self individuals can apply for HDFC home loans with a monthly minimum income of Rs.10,000 and Rs.2 Lakh respectively.

Q: Can I avail of two home loans at the same time?

Ans: Yes, you can apply for two home loans at the same time.

Your lender will verify your eligibility and repayment capacity.

If your lender is satisfied with your repaying ability, it can accept your home loan application.

Q: What is the maximum repayment tenure for an HDFC home loan?

Ans: The maximum tenure is 30 years for a home loan with hdfc bank.

Q: Can I prepay/foreclose my HDFC home loan?

Ans: Yes, you can foreclose your HDFC home loan.

HDFC Home Loan Rates and Types
HDFC Customer Care Number
HDFC Home Top-up Loan