HDFC Home Loan Interest Rates
Interest Rates 2017 228 views
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HDFC Home Loan Special Offer for a Limited Period ending on July 31, 2017 and first disbursement on or before August 31, 2017
RPLR-16.15%
| Loan Slab | Interest Rate for Salaried/ Self Employed Professional (in p.a.) |
|---|---|
| For Women* (upto 30 lakhs) | 8.35% |
| For Others* (upto 30 lakhs) | 8.40% |
| Above 30 lakhs and upto 75 lakhs | 8.50% |
| Above 75 lakhs | 8.55% |
When it comes to HDFC Home Loan, there is no denying the fact that this renowned bank offers the same at attractive interest rates. Yes, currently, the bank is offering an interest rate of 8.35%-8.55% per annum to all the applicants, looking finance for home loans, home improvement/renovation loans and more. The bank offers loan to both salaried as well as self-employed individuals at different rates. HDFC Home Loan interest rates are fixed for 2 years and at the end of the fixed interest rate period, the home loan will automatically be switched to floating rates as applicable then. The interest rates offered by the bank are linked to its RPLR (Retail Prime Lending Rate), which is currently at 16.15%.
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HDFC Home Loan Interest Rate for Existing Customers
HDFC’s home loan interest rates arrive after deducting a certain percentage from the RPLR. Any fluctuation in RPLR is going to impact both new as well as existing borrowers. Interest rates also vary according to the category of the borrower and the loan amount being offered.
HDFC Home Loan Interest Rates for Salaried, Self-employed Professionals and Self-employed Non Professionals
| Loan Slab | Interest Rate for Salaried (in p.a.) | Interest Rate for SEP (in p.a.) | Interest Rate for SENP (in p.a.) |
|---|---|---|---|
| For Women* (upto 30 lakhs) | 8.35% to 8.85% | 8.35% to 8.85% | 8.50% to 9.00% |
| For Others* (upto 30 lakhs) | 8.40% to 8.90% | 8.40% to 8.90% | 8.55% to 9.05% |
| Above 30 lakhs and upto 75 lakhs | 8.50% to 9.00% | 8.50% to 9.00% | 8.55% to 9.05% |
| Above 75 lakhs | 8.55% to 9.05% | 8.55% to 9.05% | 8.60% to 9.10% |
TruFixed Loan – 2 Year Fixed Rate Variant
| Loan Slab | Interest Rate for Salaried (in p.a.) | Interest Rate for SEP (in p.a.) | Interest Rate for SENP (in p.a.) |
|---|---|---|---|
| For Women* (upto 30 lakhs) | 8.35% to 8.85% | 8.35% to 8.85% | 8.50% to 9.00% |
| For Others* (upto 30 lakhs) | 8.40% to 8.90% | 8.40% to 8.90% | 8.55% to 9.05% |
| Above 30 lakhs and upto 75 lakhs | 8.50% to 9.00% | 8.50% to 9.00% | 8.55% to 9.05% |
| Above 75 lakhs | 8.55% to 9.05% | 8.55% to 9.05% | 8.60% to 9.10% |
HDFC Home Loan Balance Transfer Interest Rates
Both salaried, as well as self-employed individuals, can opt for balance transfer facility, wherein the applicants can transfer their outstanding home loan availed from another bank/NBFC to HDFC. For BT, the interest rates offered by the bank are 8.35%-8.55% per annum, thus allows the customers to enjoy lower loan repayments. Not only this, HDFC also offers an additional Top Up loan of up to ₹35 Lakh while opting for BT. However, while availing the same facility, the applicants also need to pay a one-time processing fee of 0.50% of the principal outstanding to HDFC.
HDFC Home Loan Interest Rate Conversion for Existing Customer
The existing home loan customers of HDFC can opt for interest rate conversion facility, wherein the customers can ask the bank to reduce their applicable interest rate. The customer needs to pay a nominal conversion fee of 0.50%-1.75% of the principal outstanding and can opt for either reducing their EMIs or loan tenure.