HDFC Home Loan Interest Rates

Highlights

  • 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.

Apply HDFC Home Loan @ 6.95%* Rate

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HDFC Home Loan Interest Rates July 2020 (For Regular Home Loans)

ParticularsDetails
Home Loan Interest Rate6.95% - 8.00%
Loan AmountCustomized
Loan TenureUp to 30 years
Processing FeesFor 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
Prepayment Charges0%

Home Loan Interest Rates

ParticularsInterest Rate (In Per Annum)
When CIBIL Score is 780 and Above6.95%

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 Lakh6.95% - 7.50%
Above 30 Lakh-75 Lakh7.20% - 7.75%
Above 75 Lakh7.30% - 7.85%

For Self-employed Non Professionals

Loan Amount (In INR)Interest Rate (In Per Annum)
Upto 30 Lakh7.10% - 7.65%
Above 30 Lakh-75 Lakh7.35% - 7.90%
Above 75 Lakh7.45% - 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 Lakh7.65%-8.15%7.70%-8.20%7.80%-8.30%7.85%-8.35%
Above 30 Lakh-75 Lakh7.80%-8.30%7.85%-8.35%7.95%-8.45%8.00%-8.50%
Above 75 Lakh7.90%-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 SlabInterest Rate (In Per Annum)
Top-up on Existing Home Loan8.30%-8.80%
Top-up for Simultaneous LoansAs 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)WomenOthers
Upto 30 Lakh8.05%-9.25%8.10%-9.25%
Above 30 Lakh-75 lakh8.30%-9.50%8.35%-9.50%
Above 75 Lakh8.40%-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!

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  • Home Loan Interest Rates July 2020
    Axis Bank7.75% - 8.55%
    Bank of Baroda6.85% - 7.85%
    Citibank8.20%
    HDFC6.95% - 8.00%
    ICICI Bank7.45% - 8.55%
    Indiabulls Housing Finance Limited8.80% - 11.05%
    Kotak Bank7.40% - 9.70%
    LIC Housing7.40% - 8.85%
    Piramal Capital & Housing Finance9.00% - 9.10%
    PNB Housing Finance8.60% - 9.45%
    Reliance Home Finance8.75% - 14.00%
    State Bank of India/SBI6.95% - 7.60%
    Tata Capital9.20% - 9.35%