HDFC Home Loan


  • Know the details of home loans offered by HDFC Ltd.
  • Eligibility and documentation required to apply for HDFC home loans.

HDFC Ltd. gives special rates on home loans to women applicants to encourage them to buy their dream home. To apply,  the eligibility criteria, interest rate, documents and other related details for the home loan offered by HDFC Ltd.

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

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    HDFC Home Loan Interest Rate July 2018

    Below is the table showing the rate of interest, tenure, maximum loan amount and processing fee applicable to the housing loan at HDFC Ltd. You may note that processing fee also attracts 18% GST.

    Interest Rate8.50% - 9.15%
    Processing FeeFor salaried: ₹10,000 + GST
    For SEP- Up to 0.50% of the loan amount or ₹3,000 For SENP- Up to 1.50% of the loan amount or ₹4,500 + GST
    Loan Tenure1 to 30 years
    Guarantor RequirementNo Guarantor Required
    Prepayment or Foreclosure2% plus taxes
    Loan to ValueUpto and including ₹30 lakhs – 90% of the property cost
    ₹30.01 lakhs to ₹75 lakhs – 80 % of the property cost
    Above ₹75 lakhs - 75% of the property cost

    How to Apply for HDFC Home Loan at Wishfin?

    Wishfin is an online platform where you can get best home loans without any hassle. The experts at Wishfin make sure that your loan gets instant approval so that you can focus on your ‘wish’ – home and not waste that time in getting approval.

    What is the eligibility required for HDFC Home Loans?

    Below are the conditions that make you eligible for the loan.

    • HDFC home loan application is made either individually or jointly. All proposed owners of the property will have to be co-applicants. However, co-applicants need to be closed family members.
    • The maximum period of repayment of a loan shall be upto 30 years for the Telescopic Repayment Option which is applicable only on the Salaried/Self-employed individuals under the Adjustable Rate Home Loan. For other home loan products, the maximum repayment period shall be upto 20 years.
    • The tenure of the loan is also based upon the applicant’s profile, age of applicant at maturity of the loan, age of property at loan maturity, depending upon the particular repayment scheme as may be decided for and any other terms applicable subject to prevalent norms of HDFC.

    HDFC Home Loan Documents for Salaried

    The documentation process for the loan is simple and can be read below:

    • Valid ID and Residence Proof
    • Last 6 months’ Bank Statements, showing salary credits
    • Latest Salary Slips
    • Latest Form-16
    • Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
    • Cheque for processing fee favouring ‘HDFC Ltd.’
      Copy of the Allotment Letter / Buyer Agreement
      Receipt/(s) of payment/(s) made to the developer

    HDFC Home Loan Documents Required for Self-employed

    • Valid ID Card and Residence Proof
    • Last 6 months’ Bank Statements
    • Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
    • Cheque for processing fee favouring ‘HDFC Ltd.’
      Copy of the Allotment Letter / Buyer Agreement
      Receipt/(s) of payment/(s) made to the developer
    • Educational Qualifications Certificate and Proof of Business
    • Business Profile and Previous 3 years Income Tax returns (self and business)
    • Previous 3 years Profit/Loss and Balance Sheet

    How can you calculate home loan EMI?

    You can use a loan calculator to calculate your home loan EMIs and see if the EMI is in your budget or not. Look at an example given below:

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 30,00,0008.50%1₹ 2,61,659₹ 1,39,912₹ 31,39,912
    ₹ 30,00,0008.50%2₹ 1,36,367₹ 2,72,809₹ 32,72,809
    ₹ 30,00,0008.50%3₹ 94,703₹ 4,09,294₹ 34,09,294
    ₹ 30,00,0008.50%4₹ 73,945₹ 5,49,356₹ 35,49,356
    ₹ 30,00,0008.50%5₹ 61,550₹ 6,92,976₹ 36,92,976
    ₹ 30,00,0008.50%6₹ 53,335₹ 8,40,131₹ 38,40,131
    ₹ 30,00,0008.50%7₹ 47,509₹ 9,90,794₹ 39,90,794
    ₹ 30,00,0008.50%8₹ 43,176₹ 11,44,933₹ 41,44,933
    ₹ 30,00,0008.50%9₹ 39,838₹ 13,02,510₹ 43,02,510
    ₹ 30,00,0008.50%10₹ 37,196₹ 14,63,485₹ 44,63,485
    ₹ 30,00,0008.50%11₹ 35,059₹ 16,27,811₹ 46,27,811
    ₹ 30,00,0008.50%12₹ 33,302₹ 17,95,440₹ 47,95,440
    ₹ 30,00,0008.50%13₹ 31,835₹ 19,66,318₹ 49,66,318
    ₹ 30,00,0008.50%14₹ 30,598₹ 21,40,389₹ 51,40,389
    ₹ 30,00,0008.50%15₹ 29,542₹ 23,17,594₹ 53,17,594
    ₹ 30,00,0008.50%16₹ 28,635₹ 24,97,868₹ 54,97,868
    ₹ 30,00,0008.50%17₹ 27,849₹ 26,81,148₹ 56,81,148
    ₹ 30,00,0008.50%18₹ 27,164₹ 28,67,364₹ 58,67,364
    ₹ 30,00,0008.50%19₹ 26,563₹ 30,56,448₹ 60,56,448
    ₹ 30,00,0008.50%20₹ 26,035₹ 32,48,327₹ 62,48,327
    ₹ 30,00,0008.50%21₹ 25,567₹ 34,42,928₹ 64,42,928
    ₹ 30,00,0008.50%22₹ 25,152₹ 36,40,177₹ 66,40,177
    ₹ 30,00,0008.50%23₹ 24,783₹ 38,39,997₹ 68,39,997
    ₹ 30,00,0008.50%24₹ 24,452₹ 40,42,311₹ 70,42,311
    ₹ 30,00,0008.50%25₹ 24,157₹ 42,47,044₹ 72,47,044

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 36,273₹ 2,53,608₹ 29,63,726
    2₹ 39,479₹ 2,50,402₹ 29,24,247
    3₹ 42,969₹ 2,46,913₹ 28,81,278
    4₹ 46,767₹ 2,43,115₹ 28,34,510
    5₹ 50,901₹ 2,38,981₹ 27,83,609
    6₹ 55,400₹ 2,34,482₹ 27,28,209
    7₹ 60,297₹ 2,29,585₹ 26,67,912
    8₹ 65,626₹ 2,24,255₹ 26,02,285
    9₹ 71,427₹ 2,18,454₹ 25,30,857
    10₹ 77,741₹ 2,12,141₹ 24,53,116
    11₹ 84,612₹ 2,05,269₹ 23,68,504
    12₹ 92,091₹ 1,97,790₹ 22,76,412
    13₹ 1,00,231₹ 1,89,650₹ 21,76,180
    14₹ 1,09,091₹ 1,80,790₹ 20,67,088
    15₹ 1,18,734₹ 1,71,148₹ 19,48,354
    16₹ 1,29,229₹ 1,60,653₹ 18,19,125
    17₹ 1,40,651₹ 1,49,230₹ 16,78,473
    18₹ 1,53,084₹ 1,36,798₹ 15,25,389
    19₹ 1,66,615₹ 1,23,266₹ 13,58,774
    20₹ 1,81,342₹ 1,08,539₹ 11,77,431
    21₹ 1,97,371₹ 92,510₹ 9,80,059
    22₹ 2,14,817₹ 75,064₹ 7,65,241
    23₹ 2,33,805₹ 56,076₹ 5,31,436
    24₹ 2,54,471₹ 35,410₹ 2,76,964
    25₹ 2,77,134₹ 12,917₹ 0

    You can also check monthly installments with other details with the calculator as many times as you want.

    What is the processing fee for HDFC Home Loans?

    At present, the processing fee on a home loan is up to 0.50% of the loan amount or ₹3,000 whichever is higher plus GST. You must also know that the GST (18%) is the replacement of service tax (15%).

    HDFC Home Loans Purposes

    A home or housing loan can be taken for the below-mentioned purposes:

    • Purchase of new homes
    • Purchase of resale homes
    • Construction of new homes
    • Transfer of home loan from another lender to HDFC
    • Purchase of plot to construct the house on the same

    HDFC Home Loan Unique Features

    • Expert Advice: An applicant can get free advice from experst to buy the right property.
    • Over-the-counter assistance: With the help of expert counseling, an applicant can purchase the property stress-free.
    • Property Assistance: Anybody can avail property services from HDFC Realty website—which is a one-stop destination for the property-related requirements.
    • Special Pari Passu Arrangement: A special arrangement is made available through AGIF (Army Group Insurance Fund) where the Army personnel can avail an additional loan.
    • Home Loans for Properties Across India: An applicant can purchase properties from any location.
    • Pre-Approval of Home Loans: An applicant can get the home loan approved even before selecting a property.
    • Home Loan Mobile: The mobile app of HDFC makes it easy and convenient for an applicant to apply for the home loan.
    • Complete Online Accessibility of all home loans: An applicant has the facility of accessing Home loan by logging on to the online account and information related to home loan and make decisions accordingly
    • Tailor-made easy EMI schemes: Apart from the regular EMI scheme, HDFC has Step Up, FLIP, and other payment plans to assist the applicant in choosing the repayment scheme which absolutely fits their needs.
    • Monitoring and Operating the Loan from Anywhere: The interconnected branch network within HDFC allows all the applicants to pay their monthly installments and operate their loan account from any office, irrespective of the location of the applicant availing the loan form.
    • Add-On Loans on a Single Property: With the availability of regular home loan, home extension loan, Home Improvement Loan, Top Up Loan or Loan Against Property based on the total exposure on the property not exceeding the limit determined by the housing finance company from time to time. No additional security is allowed on such loans.
    • Loans on Second Mortgage to PSU and Central Government Employees: Additional loan facility is also available to the employees of the Central Government and Public Sector Units, in case additional funds are in need to fulfill their Home Loan requirements after availing the House Building Advance.
    • Door-step Assistance: HDFC sales executives are ready to provide their assistance at the customers. The customers can get complete information on the products.

    Types of home loans at HDFC

    The housing finance companies provides funds for the following purposes or the following types of housing loans:

    1. Adjustable Rate Home Loan– A Home Loan under adjustable rate is associated with the HDFC’s Retail Prime Lending Rate (RPLR). If there is a change in the RPLR, the interest rate on the loan will be revised once in three months subject to the date of the first disbursement with or without a change in EMI.
    2. TruFixed Home Loan – 2/3 Year Fixed Variant – Under this alternative of the TruFixed Home Loan, an applicant can avail a fixed rate for a maximum term of 2/3 years, post which the loan will directly convert to an adjustable rate, summing-up to a total term of 20 years.
    3. HDFC Home Loan for Purchase of Plot – You can apply for the loan individually or jointly. You can add your spouse or father/mother as co-borrower at the same time.

    How can you repay HDFC Home Loan?

    HDFC offers numerous repayment options that are designed to help the borrowers customize their repayments keeping in view their conditions. The following are the home loan repayment options available:

    • Step up Repayment Facility (SURF): This repayment facility is dependent upon the expected income growth of the borrower. A borrower can avail a higher amount of loan in the initial years and can pay lower EMIs.
    • Flexible Loan Installments Plan (FLIP): FLIP provides a customized solution to accommodate repayment capacity of the borrower which is likely to get changed during the term of the loan.
    • Tranche Based EMI: With tranche based EMI, the borrower can start the principal repayment immediately and start paying EMIs on the cumulative amounts disbursed.
    • Accelerated Repayment Scheme: This offers the flexibility of increasing the EMIs every year in proportion .
    • Telescopic Repayment Option: With this facility, a borrower gets a longer repayment tenure of up to 30 years. This means the EMIs will be more affordable and loan eligibility will also be enhanced.

    HDFC Home Loan Balance Transfer

    Since a home loan is generally for a longer tenure, you would get the chance to transfer the loan from one lender to another to get the benefit of lower interest rates. If you have a home loan running somewhere else, you can shift to HDFC. Want to know more about the balance transfer facility? Check out the details below.

    What are the benefits of transferring a home loan to HDFC?

    • Easy balance transfer of home loan is available at HDFC. You can receive an additional top-up loan of upto ₹35 lakhs.
    • Attractive interest rates
    • No hidden charges

    HDFC Home Loan Balance Transfer Eligibility

    You can apply individually or jointly for home loan transfer facility. All the proposed owners of the property are required to be co-applicants. However, all the co-applicants need not be co-owners of the property.

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    EMI Calculator