HDFC Ltd Home Loan

HDFC Ltd. offers affordable home loans to eligible borrowers with interest rates starting at 6.70% p.a.* (special offer). The EMI starts at Rs. 646* per lakh for loans up to 30 years. The processing fee associated with these housing loans will be a maximum of Rs.3,000 (plus applicable taxes) for employed individuals and Rs.5,000 (plus applicable taxes) for self-employed individuals.

HDFCs Home Loan Detail

Interest Rate6.70% p.a. onwards*
Loan AmountBased on customer profile
Processing Fees0.5% – 1.5%
Penal Interest RateUp to 24% p.a.
Prepayment/Foreclosure Charges0% – 2%
Max Tenure30 Years

HDFC Home Loan Interest Rates 2022

HDFC Ltd. Home Loan interest rates start at 6.75% p.a. (special offer).There are a number of home loan offers provide by the institution which can be listed as follows:

HDFC Housing Loan SchemesInterest Rates
HDFC Home Loan6.70% p.a. onwards.
HDFC Rural Housing Loan6.95% p.a. to 8.70% p.a.
HDFC Home Improvement Loan6.75% p.a. to 8% p.a.
HDFC Home Extension Loan6.75% p.a. to 8% p.a.
HDFC Home Loan Top Up8.30% p.a. to 8.80% p.a.
HDFC Plot Loan7.05% p.a. to 8.10% p.a.
HDFC Home Loan Balance Transfer6.75% p.a. to 8% p.a.
HDFC NRI Home Loan6.75% p.a. to 8% p.a.
HDFC Reach Home Loan8.75% p.a. to 14% p.a.

All loans are at the sole discretion of HDFC Ltd. Terms and conditions apply.

HDFC Ltd Home Loan Fees and Charges

Processing Fees0.5% – 1.5%*
Penal Interest RateUp to 24% p.a.
Prepayment/Foreclosure Charges0% – 2%
Check dishonor chargesRs.200
PDC Swap chargesUp to Rs.200
Alteration of loan tenureUp to Rs.500 plus applicable taxes

*Under this campaign, the processing fee for the loans will be limited to Rs.3,000 (plus taxes) for employed individuals and Rs.5,000 (plus taxes) for self-employed individuals.

For detailed information on fees and charges such as regulatory/statutory charges, document charges, and specific fees applicable on home loans to salaried, self-employed non-professional, and self-employed professionals, check out Home Loan Processing Fees and Charges.

HDFC Home Loan EMI Calculator

This easy-to-use online calculator lets you calculate your EMI in no time. All you need to do is enter the relevant details related to your loan, including the loan amount, interest rate, loan tenure, and processing fee. Hit the button “calculate” to check your EMI amount. This will be followed by an amortisation table giving you a comprehensive breakdown of your payment schedule.HDFC Ltd Home Loan Interest Calculation

Amount10 years20 years30 years
Rs.10 LakhRs.11,585Rs.7,723Rs.6,619
Rs.20 LakhRs.23,170Rs.15,446Rs.13,239
Rs.40 LakhRs.46,340Rs.30,892Rs.26,478
Rs.50 LakhRs.57,925Rs.38,615Rs.33,097

Note: Interest rate considered as 6.95% p.a.

It’s always advised to calculate your EMI (equated monthly instalment) beforehand so that you can manage your finances properly after you take a loan. In order to do so, you can use the home loan EMI calculator.

HDFC Ltd. Home Loan Eligibility Criteria

The eligibility of a customer for the HDFC Ltd. Home Loan is primarily ascertained on the basis of their income and loan repayment capacity. HDFC Ltd. takes a number of other factors under consideration as well such as the ages of the applicant, credit score, credit history, etc. The basic eligibility criteria can be summed up as follows:

ParticularsSalaried IndividualsSelf-Employed Individuals
Age21 years to 65 years21 years to 65 years
Minimum IncomeRs.10,000 p.m.Rs.2 lakh p.a.
NationalityResident IndianResident Indian

HDFC Ltd. Home Loan Schemes

HDFC Ltd. offers a plethora of home loan plans for salaried and self-employed individuals. Given below are the list of all the schemes which can be availed by the customers

  1. HDFC Home Loan
    • For purchasing flat, bungalow, row house, or properties from Development Authorities
    • Interest concession for women applicants
    • Loans for resident Indians only
    • Financing of up to 90% of the total property cost
  2. HDFC Plot Loan
    • Loans for purchase of a plot through direct allotment No hidden charges
    • Customised repayment options
    • Expert legal and technical counselling
    • Loans also available for purchasing a resale plot
  3. HDFC Rural Housing Loan
    • Attractive rates starting at 6.95% p.a.
    • Tailored for agriculturists, planters, horticulturists, dairy Farmers for purchasing a residential property in rural and urban areas
    • Agriculturists applying for loan are not required to provide IT Returns
    • Longer repayment tenure of up to 20 years for agriculturists
  4. HDFC Reach Home Loan
    • Loans for purchasing a new or existing home
    • Loans for salaried individuals with a minimum monthly income of Rs.10,000 and for self-employed individuals with an income of Rs.2 lakh p.a.
    • Loan can be used to purchase a plot
    • Use this loan to construct your home on a free-hold land or on a plot
  5. HDFC Home Improvement Loan
    • Loan specifically meant for renovating your home
    • Loans available for both new and existing customers
    • Simple and hassle-free documentation process
    • Interest rates similar to normal home loan rates
  6. HDFC Home Extension Loan
    • Loans to add or extend space to your home
    • Maximum tenure of 20 years
    • Interest rate concession for women applicants
  7. HDFC Top Up Loans
    • Loans for both professional and personal needs
    • Maximum loan of R.50 lakh
    • You can apply only after 12 months of the final disbursement of your existing home loan and upon possession or completion of the existing financed property
  8. HDFC Balane Transfer Loans
    • Transfer your existing loan to HDFC conveniently
    • Additional top up loan of up to Rs.50 lakh
    • Special arrangement with AGIF for Home Loans for those employed in the Indian Army
    • Customised repayment options
  9. HDFC NRI Home Loans
    • Home loans designed for NRIs for purchase of a flat, row house, bungalow from private developers in approved projects in India
    • Loans available for purchase of a property located anywhere in India
    • Get home loan advisory services in the country you currently reside
    • Loans for purchasing properties from Development Authorities of India
    • Interest subsidy of up to 6.50% p.a.
    • Save up to Rs.2.67 lakh under PMAY CLSS
    • Affordable housing for Economical Weaker Section (EWS), Lower Income Group (LIG), and Middle Income Group (MIG)
    • Interest subsidy will be available for a maximum loan tenure of 20 years


  • *All loans at the sole discretion of HDFC Ltd.
  • The differential rates of interest are made available based on the different risk assessments. Select rates of interest are made available as per the credit risk profile at certain price points, details of which may be obtained from the nearest branch of HDFC.
  • The rates of interest are applicable to Home Loans, including Home Improvement, Home Extension, Plot and Plot plus Construction loan.
  • The above interest rates / EMI are applicable for loans under the Adjustable Rate Home Loan Scheme of HDFC Ltd. and subject to change at the time of disbursement. The Home Loan interest rates above are variable in nature and subject to change as per the movement in HDFC’s Benchmark Rate.
  • HDFC, Ltd. reserves the right to withdraw the offer on interest rates at any point in time without any further intimation or notice, and no claims shall be entertained by HDFC, Ltd. in this regard.

Documents Required HDFC Ltd. Home Loan

The documents required for the HDFC Ltd. Home Loan can be summed up as follows:

For Salaried Individuals:

  • Income proof
    • Latest 3 months’ salary slips
    • Last 6 months’ bank statements
    • Latest Form 16 and IT returns
  • Other documents
    • Employment details
    • Proof of own contribution
    • Last 6 month’s bank statement to show if there are any other loans
    • Your and co-applicant’s passport-size photo with signature
    • A cheque for processing fee to be paid towards HDFC Ltd.

For Self-Employed Individuals:

  • Income proof
    • Income Tax Returns along with details of your businesses and your income for the last 3 years (attested by a chartered accountant)
    • Balance sheet and profit and loss account statements for the last 3 years
    • Last 6 years’ current account statements of your business and your savings account statements
  • Other documents
    • Business profile
    • Form 26 AS (latest)
    • Proof of own contribution
    • Partnership deed (if applicable)
    • Details of your and your businesses’ ongoing loans (if any)
    • Your and co-applicant’s passport-size photo with signature
    • List of Directors and Shareholders of the company with shareholding details
    • A cheque for processing fee to be paid towards HDFC Ltd.

Common Documents for Salaried and Self-Employed

Document TypeDocument Required
Proof of identity and addressAadhar card, voter ID, passport, or driving license
Property-related documentsCopy of the buyer agreement and receipt of the payment made to the builder (for new homes)Title deeds, receipt of the payment made to the builder, and copy of the agreement to sell (for resale homes)Title deeds of the plot, proof of no encumbrances on the property, and construction estimate as given by the architect (for home construction)

How to Apply for HDFC Ltd. Home Loan

You can apply for a home loan through HDFC Ltd. by using any one of the following 3 methods:

  1. Application through us:You can visit the official website of national info fb page and navigate to the ‘Home Loan’ section under the ‘Loans’ menu. You will be able to see the list of loan providers. Click on the ‘Apply Now’ button next to the HDFC Ltd. Home Loan section and follow the on-screen instructions to easily apply for a loan.You can also easily check the Home Loan status through BankBazaar.
  2. Online application through the HDFC Ltd. Portal:You can visit the official HDFC portal and fill up the form by following the on-screen instructions. You can track the status of your HDFC home loan application as well through this portal.
  3. Offline application through a branch office:You can also use the offline mode to apply for a home loan through HDFC Ltd. You can visit one of the nearest branches and get in touch with an executive from the home loan department to guide you through the process. Alternatively, you can also get in touch with the HDFC Home Loan Customer Care service for the same.

HDFC Ltd. Home Loan Customer Care

You can get in touch with HDFC Ltd. Home Loan Customer Care for any questions, queries, and doubts.

Toll Free Number1800 258 38 38 and 1800 22 40 60
HDFC Corporate Office AddressHDFC House, H T Parekh Marg, 165-166, Backbay Reclamation, Church gate, Mumbai Pin-400 020
Contact Number: +91 (22) 6663 6000

HDFC Ltd. Home Loan FAQs

What are the factors that will define the tenure for my home loan?

There are certain factors that can have an impact on the tenure. They are:

  • Your profile
  • Your age at the time of loan maturity
  • Age of the property at the time of loan maturity
  • The repayment scheme you have opted for

What are my loan repayment options?

Some of the repayment options for home loans offered by HDFC Ltd. include:

  • Tranche Based EMI
  • Step Up Repayment Facility
  • Accelerated Repayment Scheme
  • Flexible Loan Instalments Plan
  • Telescopic Repayment Option

Note that the plans mentioned may not be applicable for all the schemes.

What are the benefits of adding a co-applicant?

You can maximise the loan amount by adding a co-applicant. Additionally, having a woman co-applicant will help you get better interest rates on your loan.

What’s the difference between a Home Improvement Loan and Home Extension Loan?

If you want to add extra spaces or rooms to your existing houses, the cost can be taken care of by availing the Home Extension Loan. On the other hand, you can take a Home Improvement Loan if you are planning to renovate your house.

What is part disbursement or subsequent disbursement of home loan?

HDFC Ltd. disburses the funds for a property which is under construction in instalments. These disbursements are based on the progress of the construction and are called subsequent or part disbursement.

When do I have to start paying off the EMIs for my HDFC Ltd. Home Loan?

The EMIs for the HDFC Ltd. Home Loans are payable from the month subsequent to the one during which the loan amount is disbursed. In the case of under construction properties, HDFC Ltd. offers the facility of starting the EMIs after the entire loan amount is disbursed. However, customers get the liberty to start paying off their EMIs as soon as the first subsequent disbursement of loan is made.

How does HDFC Ltd. decide the loan amount that I will be eligible for?

HDFC Ltd. Home Loan eligibility comprises of a number of factors. HDFC Ltd. will decide the final loan amount on the basis of your income, credit history, and loan repayment capacity. The stability and continuity of your occupation will also play a major role in this case.