Home Loan Interest Rates 202062112 views
- HDFC home loan interest rates starting from 6.95%*.
- HDFC home loan rates for balance transfer.
HDFC Home Loan interest rates are one of the best in the market. The rates differ according to the loan amount, as well as the gender and profession of an individual. Besides rates, HDFC also provides higher loan amount and flexible repayment options. All this and more makes it one of the best home loans in India. Check the details below and apply for it today online.
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Table of Contents
- 1 HDFC Home Loan Interest Rates July 2020 (For Regular Home Loans)
- 1.1 For Salaried and Self-employed Professionals
- 1.2 For Self-employed Non Professionals
- 1.3 HDFC Plot Loan Interest Rates
- 1.4 HDFC Top-up Loan Interest Rates
- 1.5 Rural Housing Loan Interest Rates
- 1.6 HDFC Home Loan Interest Rate Calculator
- 1.7 HDFC Home Loan Interest Rate for Existing Customers
- 1.8 HDFC Home Loan Interest Rate Conversion
- 1.9 HDFC Home Loan Balance Transfer Interest Rates
HDFC Home Loan Interest Rates July 2020 (For Regular Home Loans)
|Home Loan Interest Rate||6.95% - 8.00%|
|Loan Tenure||Up to 30 years|
|Processing Fees||For Salaried - INR 10,000 + GST|
For Self Employed Professionals - Up to 0.50% of the loan amount or INR 3,000 + GST
For Self Employed Non Professionals - Up to 1.50% of the loan amount or INR 4,500 + GST
Home Loan Interest Rates
|Particulars||Interest Rate (In Per Annum)|
|When CIBIL Score is 780 and Above||6.95%|
Note – The rate of interest is irrespective of the loan amount and profession.
For Salaried and Self-employed Professionals
|Loan Amount (In INR)||Interest Rate (In Per Annum)|
|Upto 30 Lakh||6.95% - 7.50%|
|Above 30 Lakh-75 Lakh||7.20% - 7.75%|
|Above 75 Lakh||7.30% - 7.85%|
For Self-employed Non Professionals
|Loan Amount (In INR)||Interest Rate (In Per Annum)|
|Upto 30 Lakh||7.10% - 7.65%|
|Above 30 Lakh-75 Lakh||7.35% - 7.90%|
|Above 75 Lakh||7.45% - 8.00%|
HDFC Plot Loan Interest Rates
You can buy a plot to construct a home on the same. Doesn’t matter whether you are salaried or self-employed, you can get this loan from HDFC Ltd. The interest rates are segregated according to the profession and gender of individuals across different loan amounts. Let’s check out.
|Loan Amount (In INR)||Salaried (Female)||Salaried (Others)||Self-employed (Female)||Self-employed (Others)|
|Upto 30 Lakh||7.65%-8.15%||7.70%-8.20%||7.80%-8.30%||7.85%-8.35%|
|Above 30 Lakh-75 Lakh||7.80%-8.30%||7.85%-8.35%||7.95%-8.45%||8.00%-8.50%|
|Above 75 Lakh||7.90%-8.40%||7.95%-8.45%||8.05%-8.55%||8.10%-8.60%|
Note – Interest rate of 7.45% for those having a credit score of 780 and above.
HDFC Top-up Loan Interest Rates
Top-up loan is an amount you get over the running outstanding loan or the loan refinanced from other institutions. The rates for the same are illustrated below.
|Loan Slab||Interest Rate (In Per Annum)|
|Top-up on Existing Home Loan||8.30%-8.80%|
|Top-up for Simultaneous Loans||As per the home loan slabs|
Rural Housing Loan Interest Rates
Seeking funds to buy a plot, a new or an under-construction house in a rural area? You can get the same from HDFC Limited as part of its rural housing finance scheme. The rates for the same are shown below across different loan amounts.
|Loan Quantum (In INR)||Women||Others|
|Upto 30 Lakh||8.05%-9.25%||8.10%-9.25%|
|Above 30 Lakh-75 lakh||8.30%-9.50%||8.35%-9.50%|
|Above 75 Lakh||8.40%-9.60%||8.45%-9.60%|
HDFC Home Loan Interest Rate Calculator
A loan EMI calculator or interest rate calculator is one and the same thing. It is a housing loan calculator that tells the monthly EMI, the total interest rate outgo, and the total payment (interest+principal) by taking into account the interest rate, the loan amount and the tenure of the loan which is being taken. You can check the details in just a few minutes.
HDFC Home Loan Interest Rate for Existing Customers
The home loan interest rate offered by HDFC Ltd on home loans are calculated after deducting a certain percentage from the RPLR, the loan pricing benchmark adopted by the lender. Any fluctuation in RPLR is going to impact both new as well as existing borrowers.
HDFC Home Loan Interest Rate Conversion
The existing home loan customers of HDFC can opt for interest rate conversion facility, wherein the customers can ask the bank to reduce the applicable interest rate. The customer needs to pay a nominal conversion fee @0.50%-1.75% of the principal outstanding.
HDFC Home Loan Balance Transfer Interest Rates
Both salaried as well as self-employed individuals can opt for balance transfer (BT) facility, wherein the applicants can transfer their outstanding home loan from another bank/NBFC to HDFC. With the option of BT, customers can enjoy paying the loan at a lower rate. Not only this, HDFC also offers an additional Top-Up loan of up to INR 35 Lakh for those availing BT. However, while availing the same, the applicants also need to pay a one-time processing fee, which can be 0.50% of the principal outstanding, to HDFC. So, if you are also looking for the options where you can switch, apply for HDFC home loan now!