Home Loan Interest Rates 202077395 views
Highlights
- HDFC home loan interest rates starting from 6.80%*.
- 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 @ 6.80%* Rate
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Table of Contents
- 1 HDFC Home Loan Interest Rates January 2021 (For Regular Home Loans)
- 1.1 HDFC Home Loan Monsoon Bonanza Offer
- 1.2 HDFC Plot Loan Interest Rates
- 1.3 HDFC Top-up Loan Interest Rates
- 1.4 Rural Housing Loan Interest Rates
- 1.5 HDFC Home Loan Interest Rate Calculator
- 1.6 HDFC Home Loan Interest Rate for Existing Customers
- 1.7 HDFC Home Loan Interest Rate Conversion
- 1.8 HDFC Home Loan Balance Transfer Interest Rates
HDFC Home Loan Interest Rates January 2021 (For Regular Home Loans)
| Particulars | Details |
|---|---|
| Home Loan Interest Rate | 6.80% - 8.00% |
| Loan Amount | Customized |
| 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 |
| Prepayment Charges | 0% |
HDFC Home Loan Monsoon Bonanza Offer
HDFC Limited has come with a Monsoon Bonanza Offer for its home loan borrowers. Under the offer, customers can get the home loan at an interest rate of as low as 6.80% per annum. Whereas the maximum rate of interest won’t go beyond 7.30%. This offer is applicable irrespective of the loan amount. All you need is a credit score of 730 and above. The offer starts from Janurary 11, 2021.
Let’s check out the rates for customers not meeting the condition stipulated for Monsoon Bonanza Offer.
Salaried and Self-employed Professionals
| Loan Slab (In INR) | Home Loan Interest Rates (In Per Annum) |
|---|---|
| Women - Upto 30 Lakh | 6.95%-7.45% |
| Others - Upto 30 Lakh | 7.00%-7.50% |
| Women - 30.01 Lakh - 75 Lakh | 7.20%-7.70% |
| Others - 30.01 Lakh - 75 Lakh | 7.25%-7.75% |
| Women - 75.01 Lakh and Above | 7.30%-7.80% |
| Others - 75.01 Lakh and Above | 7.35%-7.85% |
Self-employed Non-professionals
| Loan Slab (In INR) | Home Loan Interest Rates (In Per Annum) |
|---|---|
| Women - Upto 30 Lakh | 7.10%-7.60% |
| Others - Upto 30 Lakh | 7.15%-7.65% |
| Women - 30.01 Lakh - 75 Lakh | 7.35%-7.85% |
| Others - 30.01 Lakh - 75 Lakh | 7.40%-7.90% |
| Women - 75.01 Lakh and Above | 7.45%-7.95% |
| Others - 75.01 Lakh and Above | 7.50%-8.00% |
Disclaimer – Home Loan Interest Rates of 6.80% * onwards. All loans are at the sole discretion of HDFC Ltd.
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!
