HDFC Home Loan Rates and Types

Table of Contents

HDFC provides home loans to customers with affordable interest rates starting at 8.40% p.a. Loan tenure can vary up to 30 years. You can apply for an HDFC Home Loan of up to Rs.10 crore. This blog post will show the latest HDFC Home Loan Rates and their types.

You will see 3 points for each HDFC home loan type. 1st is Purpose, 2nd is HDFC Home Loan Rates, and 3rd is Maximum Funding.

Highlights of HDFC Home Loan

HDFC Home Loan Interest RatesFrom 8.40% p.a. to 9.50% p.a.
TenureUp to 30 years
Loan AmountUp to 90% value of the property
Age20 Years to 65 Years
Processing Feeup to 0.50% of the loan amount.
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

Let’s see the Types of HDFC Home Loans and Interest Rates

HDFC Home Loan

A. Purpose of HDFC Home Loans:-

  • For the purchase of a flat or bungalow in approved projects.
  • For the purchase of properties from Development Authorities.
  • For the purchase of properties in an existing Co-operative Housing Societies
  • For the construction of a house on a leasehold plot.

HDFC regular home loan is available for all types of customers. Anyone with a stable source of income can apply for HDFC Home Loans.

B. HDFC Home Loan Rates:-

1. Special HDFC Home Loan Rates for Salaried, Self-employed Professionals, and Self-employed Non-professionals

HDFC Home Loan Interest Rate
Loan AmountHDFC Home Loan Interest Rates
For the Credit Score of 800 and Above8.20%
For others8.40% – 8.90%

2. Standard HDFC Home Loan Rates for Salaried, Self-employed Professionals

HDFC Home Loan Interest Rate
Loan AmountHDFC Home Loan Interest Rates – WomenHDFC Home Loan Interest Rates – 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. Standard HDFC Home Loan Rates for Self-employed Non-professionals

HDFC Home Loan Interest Rate
Loan AmountHDFC Home Loan Interest Rates – WomenHDFC Home Loan Interest Rates – 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%

hdfc home loan rates self employed classification

C. Maximum Funding under HDFC Home Loans:-

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

HDFC Plot Loans

A. Purpose of HDFC Plot Loans:-

  • For the purchase of a plot.
  • For the purchase of a resale plot.

B. HDFC Plot Loans Interest Rate:-

1. Special HDFC Home Loan Rates for Salaried, Self-employed Professionals, and Self-employed Non-professionals

HDFC Plot Loans Interest Rate
Loan AmountHDFC Home Loan Interest Rates
For the Credit Score of 800 and Above8.20%
For others8.40% – 8.90%

2. Standard HDFC Home Loan Rates for Salaried, Self-employed Professionals

HDFC Plot Loans Interest Rate
Loan AmountHDFC Home Loan Interest Rates – WomenHDFC Home Loan Interest Rates – 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. Standard HDFC Home Loan Rates for Self-employed Non-professionals

HDFC Plot Loans Interest Rate
Loan AmountHDFC Home Loan Interest Rates – WomenHDFC Home Loan Interest Rates – 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%

C. 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

HDFC Rural Housing Loan

HDFC Rural Housing Loans are available for farmers, Agriculturists, Planters, and Horticulturists.

A. Purpose of HDFC Rural Housing Loan:-

  • For the purchase of new/under construction/ residential properties in the rural and urban areas. 
  • For the construction of a house in a leasehold property in rural and urban areas.
  • For Enhancing your home’s tiling/flooring/plaster/painting.
  • For extension or adding a new structure to your home.

B. HDFC Rural Housing Loan Interest Rate:-

HDFC Rural Housing Loan Interest Rate
Loan AmountHDFC Home Loan Interest Rates – WomenHDFC Home Loan Interest Rates – Others
Up to Rs.30 Lakhs8.60%-10.00%8.65%-10.00%
From Rs.30.01 Lakhs to Rs.75 Lakhs8.85%-10.25%8.90%-10.25%
From Rs.75.01 Lakhs and Above it8.95%-10.35%9.00%-10.35%

C. Maximum Funding under HDFC Rural Housing Loan:-

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

HDFC House Renovation Loan

A. Purpose of HDFC House Renovation Loan:-

  • For Enhancing your home’s tiling/flooring/plaster/painting.

B. HDFC House Renovation Loan Interest Rate:-

1. Special HDFC Home Loan Rates for Salaried, Self-employed Professionals, and Self-employed Non-professionals

HDFC House Renovation Loan Interest Rate
Loan AmountHDFC Home Loan Interest Rates
For the Credit Score of 800 and Above8.20%
For others8.40% – 8.90%

2. Standard HDFC Home Loan Rates for Salaried, Self-employed Professionals

HDFC House Renovation Loan Interest Rate
Loan AmountHDFC Home Loan Interest Rates – WomenHDFC Home Loan Interest Rates – 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. Standard HDFC Home Loan Rates for Self-employed Non-professionals

HDFC House Renovation Loan Interest Rate
Loan AmountHDFC Home Loan Interest Rates – WomenHDFC Home Loan Interest Rates – 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%

C. Maximum Funding under HDFC House Renovation Loan:-

For Existing Customers
Home Loan AmountMaximum Funding
Up to Rs.30 LakhsUp to 100% value of the property
From Rs.30.01 Lakhs to Rs.75 LakhsUp to 100% value of the property
From Rs.75.01 Lakhs and Above itUp to 100% value of the property
For New Customers
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

HDFC Home Extension Loan

A. Purpose of HDFC Home Extension Loan:-

  • For adding space to your existing house such as an additional room, kitchen, balcony, etc.

B. HDFC Home Extension Loans Interest Rate:-

1. Special HDFC Home Loan Rates for Salaried, Self-employed Professionals, and Self-employed Non-professionals

HDFC Home Extension Loan Interest Rate
Loan AmountHDFC Home Loan Rates
For the Credit Score of 800 and Above8.20%
For others8.40% – 8.90%

2. Standard HDFC Home Loan Rates for Salaried, Self-employed Professionals

HDFC Home Extension Loan Interest Rate
Loan AmountHDFC Home Loan Interest Rates – WomenHDFC Home Loan Interest Rates – 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. Standard HDFC Home Loan Rates for Self-employed Non-professionals

HDFC Home Extension Loan Interest Rate
Loan AmountHDFC Home Loan Interest Rates – WomenHDFC Home Loan Interest Rates – 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%

C. Maximum Funding under HDFC Home Extension Loan:-

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

HDFC Home Top-up 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. In HDFC Home Top-up Loan, customers can take a Top-up of Rs.50 lakhs.

A. Purpose of HDFC Home Top-up Loan:-

  • HDFC Home Top-up loan can be used for any personal or professional purpose such as business expansion, marriage, vacation, etc.

B. HDFC Home Top-up Loan Interest Rate:-

1. HDFC Home Loan Rates for Salaried, Self-employed Professionals, and Self-employed Non-professionals

HDFC Home Top-up Loan Interest Rate (Existing Customers)
Loan Slab (Outstanding Home Loan + Top Up Loan)HDFC Home Loan Interest Rates
For existing customers9.00% – 9.50%

2. HDFC Home Loan Rates for Salaried, Self-employed Professionals

HDFC Home Top-up Loan Interest Rate
Loan AmountHDFC Home Loan Interest Rates – WomenHDFC Home Loan Interest Rates – Others
Up to Rs.30 Lakhs8.75%-9.25%8.80%-9.30%
From Rs.30.01 Lakhs to Rs.50 Lakhs9.00%-9.50%9.05%-9.55%

3. HDFC Home Loan Rates for Self-employed Non-professionals

HDFC Home Top-up Loan Interest Rate
Loan AmountHDFC Home Loan Interest Rates – WomenHDFC Home Loan Interest Rates – Others
Up to Rs.30 Lakhs8.85%-9.40%8.90%-9.45%
From Rs.30.01 Lakhs to Rs.50 Lakhs9.10%-9.65%9.15%-9.70%

C. Maximum Funding under HDFC Home Top-up Loan:-

A Maximum of Rs.50 lakh can be taken in HDFC Home Top-up Loan.

HDFC Loan Against Property (LAP)

You can avail of a loan against a property from HDFC Bank at an attractive interest rate.

A. Purpose of HDFC Loan Against Property:-

  • HDFC Loan Against Property can be used for any personal or professional purpose such as business expansion, marriage, vacation, etc.

B. HDFC Loan Against Property Interest Rate:-

Loan SlabHDFC Home Loan Interest Rates
Self-occupied Residential Property9.00% – 10.00%
Non-Self-occupied Residential Property9.50% – 10.65%
Commercial Property9.50% – 11.90%

C. Maximum Funding under HDFC Loan Against Property (LAP):-

Maximum Funding under HDFC Loan Against Property
For Existing CustomersUp to 60% market value of the mortgaged property
For New CustomersUp to 50% market value of the mortgaged property

HDFC Commercial Property Loans

A. Purpose of HDFC Commercial Property Loans:-

  • For the purchase of a new office or clinic.
  • For the extension or construction of an office or clinic.

B. HDFC Commercial Property Loan Interest Rate:-

Loan SlabHDFC Home Loan Interest Rates
All Loans9.00% – 10.00%

HDFC Commercial Plot Loans

You can buy a commercial land of your choice using HDFC Plot Loans.

A. Purpose of HDFC Plot Loans:-

  • For the purchase of a new commercial plot.

B. HDFC Plot Loan Interest Rate:-

Loan SlabHDFC Home Loan Interest Rates
All Loans10.25% – 11.25%

HDFC Reach Home Loans

HDFC Reach Home Loans is available for salaried individuals and micro-entrepreneurs. If you are the owner of a Vegetable shop, Cafe, Salon, or any other type of business, You can apply for HDFC Reach Home Loans.

Skilled workers like Carpainter, Tailor, plumbers, and persons employed in the SME sector can also apply for HDFC Reach Home Loan.

A. Purpose of HDFC Plot Loans:-

  • For the purchase of a new home.
  • For the construction of a house on a leasehold or freehold plot.
  • For the construction of a house on land allotted by a Development Authority.
  • For Enhancing your home’s tiling/flooring/plaster/painting.
  • For adding space to your existing house.
  • For extending some part of your existing house.
  • For purchasing a plot.

B. HDFC Reach Home Loans Interest Rate:-

1. For HDFC Reach Home Loans, House Renovation Loan, and Home Extension Loan

Trufixed = 3 Years
Loan SlabHDFC Home Loan Interest Rate
Any Loan Amount10.00% – 13.50%

2. For HDFC Top-up and Residential Plot Loans

Trufixed = 3 Years
Loan SlabHDFC Home Loan Interest Rate
Any Loan Amount10.50% – 14.00%

3. For Non Residential Premises and Loan Against Property

Trufixed = 3 Years
Loan SlabHDFC Home Loan Interest Rate
Any Loan Amount11.00% – 14.50%

C. Maximum Funding under HDFC Reach Home Loans:-

Maximum Funding under HDFC Reach Home Loans
Home Loans / Home Extension Loans / Home Improvement Loans / Top-up LoansUp to 80% value of the property
Non-Residential Premises Loans/ Plot LoansUp to 60% market value of the mortgaged property
Loan Against PropertyUp to 50% market value of the mortgaged property

HDFC Bank Home Loan Balance Transfer

What is home loan balance transferIn a home loan balance transfer, customers transfer their outstanding home loan balance from an existing lender to a new one.

A home loan balance transfer is also known as Home loan Refinancing.

A. Purpose of HDFC Bank Home Loan Balance Transfer:-

  • For transferring your existing home loan to HDFC Bank.

B. HDFC Home Loan Balance Transfer Interest Rate:-

1. Special HDFC Home Loan Rates for Salaried, Self-employed Professionals, and Self-employed Non-professionals

HDFC Bank Balance Transfer Home Loan Interest Rate
Loan AmountHDFC Home Loan Interest Rates
For the Credit Score of 800 and Above8.20%
For others8.40% – 8.90%

2. Standard HDFC Home Loan Rates for Salaried, Self-employed Professionals

HDFC Bank Balance Transfer Home Loan
Loan AmountHDFC Home Loan Interest Rates – WomenHDFC Home Loan Interest Rates – 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. Standard HDFC Home Loan Rates for Self-employed Non-professionals

HDFC Bank Balance Transfer Home Loan
Loan AmountHDFC Home Loan Interest Rates – WomenHDFC Home Loan Interest Rates – 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%

C. Maximum Funding under HDFC Home Loans:-

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

HDFC Home Loan NRI

HDFC offers home loans to NRIs, PIOs, and OCIs at attractive interest rates.

Purpose of HDFC Home Loan NRI:-

  • For the purchase of a flat/house from the developers in India.
  • For the purchase of property from the Development Authority.
  • For the construction of a freehold/leasehold plot in India.
  • For the purchase of properties in an existing co-operative housing society.

HDFC Pradhan Mantri Aawas 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:

  • The annual income of the beneficiary family should be below Rs.18 Lakhs.

FAQs

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

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

Q: What are the Eligibility Criteria to avail Home Loan from HDFC?

Ans: 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.

Q: What is the maximum time period allowed for repayment of your home loan?

Ans: The maximum time period is 30 years for repayment of your HDFC home loan.

Q: Do I need a home loan guarantor?

Ans: Generally, you don’t need to provide a guarantor for taking an HDFC home loan.

Q: Is taking home loan insurance mandatory?

Ans: No, it isn’t mandatory to take home loan insurance.

Q: What is the CIBIL score for the HDFC home loan?

Ans: If you have a credit score of 700 and above, then your chances of getting an HDFC home loan are high.

Q: What is the current rate of interest for a home loan in HDFC Bank?

Ans: HDFC home loan interest rate ranges from 8.40% to 14.50%.

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