HDFC Ltd. Home Loan


  • HDFC home loans are available at rates as low as 6.70%*

  • Matching the eligiblity criteria and providing proper documents is mandatory to get approval for HDFC home loans

About HDFC Ltd. Home Loan

HDFC Ltd. offers special home loans to women applicants to encourage them to buy their own dream home. Check the eligibility criteria, interest rate, documents and schemes pertaining to HDFC home loans.

  • For fresh graduates who have recently started working, HDFC offers home loan based on their current salary and educational qualification certificates. They can avail loan without having to wait for gaining 2 years of experience. Applicable in case of professional graduates.
  • Loans offered to contractual employees with professional degrees. Last 3 yrs contract renewal is mandatory in such applications

Types of home loans at HDFC Ltd.

HDFC housing loans are classified into the following

  1. Adjustable Rate Home Loan– A home loan under adjustable rate is associated with HDFC’s Retail Prime Lending Rate (RPLR), which has come down to 16.20%. If there is a change in the RPLR, the interest rate will be revised once in three months subject to the date of the first disbursement with or without a change in the EMI.
  2. TruFixed Home Loan – 2/3 Year Fixed Variant – Under TruFixed Home Loan, an applicant can avail fixed rate for a maximum 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 HDFC home loan individually or jointly. You can add your spouse or father/mother as a co-borrower.

Home Loan

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

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    HDFC Home Loan Interest Rates October 2021

    Below is the table showing the interest rate range, tenure, maximum loan amount and processing fee applicable to the housing loan at HDFC Ltd.

    Home Loan Interest Rate6.70% - 8.00%
    Loan AmountCustomized
    Loan TenureUp to 30 years
    Processing FeesFor Salaried & Self Employed Professionals - INR 3,000 + GST
    For Self Employed Non Professionals - INR 5,000 + GST
    Prepayment Charges0%

    Special HDFC Home Loan Interest Rates (Blockbuster Festive Offer)

    HDFC Limited offers home loans at a special rate of 6.70% per annum under its Blockbuster Festive Offer campaign. All you need is a credit score of more than 800. These rates, which are effective from September 20, 2021, are lower than the standard rate. The per lakh EMI is as low as INR 646 for a 30-year loan. Let’s check the special rates for salaried, self-employed professionals and self-employed non-professionals.

    Salaried & Self-employed Professionals

    Loan Slab (In INR)Special Home Loan Interest Rates (In Per Annum)
    Women - Up to 30 Lakh6.75%-7.25%
    Others - Up to 30 Lakh6.80%-7.30%
    Women - Above 30 Lakh to 75 Lakh7.00%-7.50%
    Others - Above 30 Lakh to 75 Lakh7.05%-7.55%
    Women - Above 75 Lakh7.10%-7.60%
    Others - Above 75 Lakh7.15%-7.65%

    Self-employed Non-professionals

    Loan Slab (In INR)Special Home Loan Interest Rates (In Per Annum)
    Women - Up to 30 Lakh6.90%-7.40%
    Others - Up to 30 Lakh6.95%-7.45%
    Women - Above 30 Lakh to 75 Lakh7.15%-7.65%
    Others - Above 30 Lakh to 75 Lakh7.20%-7.70%
    Women - Above 75 Lakh7.25%-7.75%
    Others - Above 75 Lakh7.30%-7.80%

    HDFC Home Loan Interest Rate Offers

    The standard HDFC home loan rates for salaried, self-employed professionals and non-professionals are shown below.

    Salaried and Self-employed Professionals

    Loan Slab (In INR)Home Loan Interest Rates (In Per Annum)
    Women - Upto 30 Lakh6.95%-7.45%
    Others - Upto 30 Lakh7.00%-7.50%
    Women - 30.01 Lakh - 75 Lakh7.20%-7.70%
    Others - 30.01 Lakh - 75 Lakh7.25%-7.75%
    Women - 75.01 Lakh and Above7.30%-7.80%
    Others - 75.01 Lakh and Above7.35%-7.85%

    Self-employed Non-professionals

    Loan Slab (In INR)Home Loan Interest Rates (In Per Annum)
    Women - Upto 30 Lakh7.10%-7.60%
    Others - Upto 30 Lakh7.15%-7.65%
    Women - 30.01 Lakh - 75 Lakh7.35%-7.85%
    Others - 30.01 Lakh - 75 Lakh7.40%-7.90%
    Women - 75.01 Lakh and Above 7.45%-7.95%
    Others - 75.01 Lakh and Above7.50%-8.00%

    Disclaimer – Home Loan Interest Rates of 6.75% * onwards. All loans are at the sole discretion of HDFC Ltd.

    What is the processing fee for HDFC Home Loans?

    At present, the processing fee is up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus 18% GST.

    Special Offer on Processing Fee –  The processing fee waiver for balance transfer will be adjusted in the first EMI.

    Special Product for Government Employees – HDFC Arya

    • Special processing fee of 2500 + GST
    • Increased repayment tenure upto 65yrs of age (For employees eligible for Pension)

    HDFC Ltd. Home Loan Unique Features

    • Expert Advice: An applicant can get free advice from experts to buy the right property.
    • Over-the-counter Assistance: With the help of expert counseling, an applicant can purchase the property without any fuss.
    • Property Assistance: Anybody can avail property assistance services from HDFC Realty website—which is a one-stop destination for the property-related advisories.
    • 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 the 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 can access 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 for the applicants to choose from.
    • 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 anywhere.
    • Add-On Loans on a Single Property: If you have a regular home loan, you can get 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 available to the employees of the Central Government and Public Sector Units, in case additional funds are needed to fulfill their Home Loan requirements after availing the House Building Advance.
    • Door-step Assistance: HDFC sales executives are ready to provide doorstep services to the customers.

    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 you get a suitable lender with unbiased opinions at lowest possible rate so that you can focus on your ‘wish’ – home and not waste your time looking for a suitable lender. You can simply visit the official website of Wishfin and appy for HDFC home loan. Wishfin experts will guide you as per your requirement and help you get the best services.

    How can you apply for HDFC home loan on WhatsApp?

    You can also apply for a home loan via WhatsApp just as you chat with your friends. It is the first-time ever that a home loan application is made available on WhatsApp. The process is simple and quick which saves your time and gives you the chance to apply for a loan anytime from anywhere. The steps involved in the process are as follows:

    1. Give a missed call to 9555103000
    2. You will receive a message on your WhatsApp
    3. Provide some basic details asked by the chatbot

    HDFC Ltd. Home Loan 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 Plot Loan

    Everybody wants to live in a home that is spacious and has dimensions of their choice. But when you have to live in a house made by property developers and agents, it may lack the appeal. So to help you live in a home that could be called a dream home in the true sense, HDFC offers you the plot loan to buy the land and make your home the way you want on the same. The loan comes with the following features –

    • Purchase of a plot via direct allotment
    • Purchase of a resale plot
    • Attractive interest rates
    • Custom-fit repayment options
    • Balance transfer facility
    • No hidden costs
    • Expert legal & technical counselling

    Maximum Funding Available on a Plot Loan

    Loan Quantum (In INR)Maximum Funding
    Upto and Including 30 Lakh80% of the property cost
    Above 30 Lakh-75 Lakh80% of the property cost
    Above 75 Lakh75% of the property cost

    How Much Time Will You Get to Pay Your HDFC Plot Loan Dues?

    You will get a maximum of 15 years to pay the dues applicable to HDFC Home Loan. The lender will set the tenure based on your profile, your likely age by the time the proposed tenure finishes, etc.

    HDFC Top-up Home Loan – How Can It Help You?

    Running a home loan at HDFC? You can use it to your advantage by getting a top-up on the same. In case any personal and professional expenses arise during the tenure of your existing home loan, you can top it up and fulfill your purpose. What’s noteworthy is that the rates are lower than in the case of a conventional personal loan. You can get as much as INR 50 lakh of top-up loan. But the said facility is not solely for HDFC home loan customers. Even new customers using the balance transfer facility of HDFC can be eligible for the top-up loan.

    What Will be the LTV Ratio in an HDFC Top-up Loan?

    The loan to value (LTV) ratio here will be calculated considering the outstanding loan balance plus top-up loan amount. If the combination of both adds upto INR 75 lakh, the maximum finance will be made in a way that the overall sum remains within 80% of the property cost. Whereas, if the combined sum goes past INR 75 lakh, the funding is limited to 75% of the property cost.

    When Can You Apply for a Top-up Loan?

    You are eligible to apply a year after the disbursement of the existing loan and the possession or completion of the financed property. If the top-up loan is refinanced from another institution, HDFC will check the repayment track of it for the last 12 months.

    How Does the HDFC Top-up Home Loan Work Out?

    If the rate of interest differs in the existing home loan and the top-up loan, you need to pay both loans individually via separate installments. The tenure of the loan can be a maximum of 15 years. But the exact tenure of the top-up loan will depend on the time left for the maturity of the existing loan. So, if the existing loan is 10 years away from getting over, the top-up loan can’t go beyond that.

    HDFC Rural Housing Loan

    If you think HDFC home loans are limited to urban and semi-urban areas, you are in a myth! The lender offers home loans to buy a home even in rural areas. The offer is not limited to agriculturists, rather it has expanded to include salaried and self-employed too. The loan can be availed to buy a new, resale or an under-construction property in rural areas. You can get the loan to construct a house on an owned plot, extend or improve your existing housing units in rural locations.

    Loan to Value Ratio

    Loan Quantum (In INR)Maximum Funding Available
    Upto and Including 30 LakhUpto 90% of the property cost
    Above 30 Lakh-75 lakhUpto 80% of the property cost
    Above 75 LakhUpto 75% of the property cost

    What is the eligibility required for HDFC Home Loans?

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

    • HDFC home loan application can be made either individually or jointly.
    • All proposed owners of the property will have to be co-applicants. However, co-applicants need to be close family members.
    • The maximum loan tenure shall be upto 30 years for the Telescopic Repayment Option which is applicable only for Salaried/Self-employed individuals under adjustable rate home loan.
    • The tenure of the loan is also based on the applicant’s profile, age of applicant at proposed maturity of the loan, age of the 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 is simple and and you can see it 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 photographs of all the applicants / co-applicants to be affixed on the Application Form and signed across
    • Processing fee cheque 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 Account and Balance Sheet

    HDFC Home Loan Documents Required for Agriculturists (Applicable to Rural Housing Finance)

    KYC Proof – PAN Card (Mandatory) and any of Driving License/Voter ID/Passport

    Income Proof – Copies of title documents of agricultural land showing Land holding

    • Copies of title documents of agricultural Land showing crops being cultivated
    • Bank statements for the last 6 months
    • 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 Begins Sanctioning Home Loans Online

    HDFC Limited has begun sanctioning home loans online after the COVID-19 induced lockdown has affected the lending business for 2 months. You just need to provide your personal and employment details to the lender. Based on these details, the lender will come up with a loan offer for you. If you accept the deal by giving consent online, HDFC will provide you a sanction. The disbursal will be made after it gets the legal and technical reports from respective experts. These experts will make a report after checking the property you wish to buy.

    How can you calculate home loan EMI?

    You can calculate your home loan EMIs and see if they are within 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
    ₹ 30,00,0008.25%1₹ 2,61,312₹ 1,35,746₹ 31,35,746
    ₹ 30,00,0008.25%2₹ 1,36,024₹ 2,64,581₹ 32,64,581
    ₹ 30,00,0008.25%3₹ 94,355₹ 3,96,797₹ 33,96,797
    ₹ 30,00,0008.25%4₹ 73,591₹ 5,32,384₹ 35,32,384
    ₹ 30,00,0008.25%5₹ 61,189₹ 6,71,325₹ 36,71,325
    ₹ 30,00,0008.25%6₹ 52,967₹ 8,13,601₹ 38,13,601
    ₹ 30,00,0008.25%7₹ 47,133₹ 9,59,187₹ 39,59,187
    ₹ 30,00,0008.25%8₹ 42,792₹ 11,08,054₹ 41,08,054
    ₹ 30,00,0008.25%9₹ 39,446₹ 12,60,168₹ 42,60,168
    ₹ 30,00,0008.25%10₹ 36,796₹ 14,15,495₹ 44,15,495
    ₹ 30,00,0008.25%11₹ 34,651₹ 15,73,992₹ 45,73,992
    ₹ 30,00,0008.25%12₹ 32,886₹ 17,35,615₹ 47,35,615
    ₹ 30,00,0008.25%13₹ 31,412₹ 19,00,319₹ 49,00,319
    ₹ 30,00,0008.25%14₹ 30,167₹ 20,68,051₹ 50,68,051
    ₹ 30,00,0008.25%15₹ 29,104₹ 22,38,758₹ 52,38,758
    ₹ 30,00,0008.25%16₹ 28,190₹ 24,12,384₹ 54,12,384
    ₹ 30,00,0008.25%17₹ 27,396₹ 25,88,871₹ 55,88,871
    ₹ 30,00,0008.25%18₹ 26,704₹ 27,68,157₹ 57,68,157
    ₹ 30,00,0008.25%19₹ 26,097₹ 29,50,179₹ 59,50,179
    ₹ 30,00,0008.25%20₹ 25,562₹ 31,34,873₹ 61,34,873
    ₹ 30,00,0008.25%21₹ 25,088₹ 33,22,172₹ 63,22,172
    ₹ 30,00,0008.25%22₹ 24,667₹ 35,12,008₹ 65,12,008
    ₹ 30,00,0008.25%23₹ 24,291₹ 37,04,313₹ 67,04,313
    ₹ 30,00,0008.25%24₹ 23,955₹ 38,99,018₹ 68,99,018
    ₹ 30,00,0008.25%25₹ 23,654₹ 40,96,051₹ 70,96,051

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

    YearPrincipalInterestBalance Amount
    1₹ 37,748₹ 2,46,094₹ 29,62,251
    2₹ 40,982₹ 2,42,859₹ 29,21,268
    3₹ 44,494₹ 2,39,347₹ 28,76,773
    4₹ 48,307₹ 2,35,534₹ 28,28,466
    5₹ 52,447₹ 2,31,395₹ 27,76,018
    6₹ 56,941₹ 2,26,900₹ 27,19,077
    7₹ 61,821₹ 2,22,021₹ 26,57,256
    8₹ 67,118₹ 2,16,723₹ 25,90,137
    9₹ 72,870₹ 2,10,972₹ 25,17,267
    10₹ 79,114₹ 2,04,727₹ 24,38,152
    11₹ 85,894₹ 1,97,948₹ 23,52,258
    12₹ 93,254₹ 1,90,587₹ 22,59,004
    13₹ 1,01,245₹ 1,82,596₹ 21,57,758
    14₹ 1,09,921₹ 1,73,920₹ 20,47,836
    15₹ 1,19,341₹ 1,64,501₹ 19,28,495
    16₹ 1,29,567₹ 1,54,274₹ 17,98,927
    17₹ 1,40,670₹ 1,43,171₹ 16,58,257
    18₹ 1,52,725₹ 1,31,117₹ 15,05,532
    19₹ 1,65,812₹ 1,18,030₹ 13,39,719
    20₹ 1,80,021₹ 1,03,821₹ 11,59,698
    21₹ 1,95,447₹ 88,394₹ 9,64,250
    22₹ 2,12,195₹ 71,646₹ 7,52,055
    23₹ 2,30,379₹ 53,463₹ 5,21,675
    24₹ 2,50,121₹ 33,721₹ 2,71,554
    25₹ 2,71,716₹ 12,288₹ 0

    How can you repay HDFC Ltd. Home Loan?

    HDFC offers numerous repayment options which help borrowers customize their repayments keeping in mind their conditions. Following are the home loan repayment options available:

    • Step Up Repayment Facility (SURF): This facility is dependent on 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 change during the course 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 affordable EMIs and increased loan eligibility.

    How can you check HDFC Home Loan application status?

    To keep a track of your HDFC home loan application, you can do the same by contacting the executive for your home loan. Otherwise, when you apply for a home loan through Wishfin, you get one-to-one assistance. You can also check the status with the same.

    HDFC Home Loan Customer Care

    The customer care number is different for different cities. You can check the contact number of your city and forward your query to the concerned individual. Also, if you apply through Wishfin, you can contact the executive for any HDFC home loan related query. The executive will look to resolve it as soon as posible.

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