HDFC Bank offers home loans starting at 8.70% p.a., with tenures of up to 30 years and loan amounts up to Rs 10 crore. The bank also provides a home loan balance transfer option for borrowers from other banks and housing finance companies (HFCs). Additionally, its Rural Housing Loan scheme is designed for agriculturists, planters, horticulturists, dairy farmers, and self-employed or salaried individuals looking to build or purchase homes in rural and urban areas, including their hometowns and villages.
HDFC Bank Home Loan Highlights Particulars Details Interest Rate 8.70% p.a. onwards Loan Amount (LTV Ratio) Up to 90% of property cost Tenure Up to 30 years HDFC Home Loan Processing Fee For Salaried/Self-employed Professionals: Up to 0.50% of loan amount or Rs 3,000, whichever is higherFor Self-employed Non-Professionals: Up to 1.50% of loan amount or Rs 4,500, whichever is higher
Types of Home Loans
Type of Home Loan Purpose LTV Ratio Tenure Special Features Home Loan Purchase, Construction, Extension Up to 90% Up to 30 years Attractive interest rates, Tax benefits Home Improvement Loan Renovation, Repairs Up to 85% Up to 15 years Lower interest rates, top-up loan facility available. Home Loan Balance Transfer Transfer existing loan from another bank Up to 90% Up to 30 years Specialized services for NRIs, flexible documentation, and quick processing. NRI Home Loan Purchase, Construction of property abroad Up to 80% Up to 30 years Quick processing, competitive interest rates, multiple usage possibilities (renovation, education, etc.). Plot Loan Purchase of land for construction Up to 70% Up to 15 years Smart EMI options to manage cash flows, flexibility in part payments, interest savings. HDFC Home Loan for Women Purchase, Construction, Extension Up to 90% Up to 30 years Simple documentation, fast disbursement, attractive interest rates. Specialized Home Loans Custom requirements (e.g., green homes) Varies Varies Lower EMIs in the initial years with an increase over time, tailored for young professionals. HDFC Bank Housing Loans Purchase, Construction, Extension Up to 90% Up to 30 years Interest subsidy based on income category, faster processing, tailored for first-time home buyers. HDFC Bank Rural Housing Loans Purchase, Construction in rural areas Up to 85% Up to 30 years Preferential interest rates for women, easy documentation, and special benefits like lower processing fees.
Why Choose HDFC Bank Home Loan?
HDFC Bank Home Loan Features & Benefits
Zero Hidden Charges
Pre-approved Offers
Rates of Interest
Wide Range of Home Loans
Flexible Repayment Tenures
Home Loans for Various Categories of Individuals
HDFC Bank Home Loan Interest Rate
Credit Score Salaried Rate of Interest Self-employed Rate of Interest 750 and above 8.65% p.a. onwards 8.90% p.a. onwards 700-749 9.00% p.a. onwards 9.25% p.a. onwards Below 700 9.50% p.a. onwards 9.75% p.a. onwards
Eligibility Criteria for HDFC Bank Home Loan
Requirements Salaried Self-Employed Residency Indian/NRI/PIO Indian/NRI/PIO Age 21 to 65 years 21 to 70 years Minimum Income Rs 10,000 monthly Rs2 Lakhs per annum Maximum Age at Final Repayment 65 years 65 years
HDFC Bank Processing Fee and Charges
Charge Type Amount Processing Fees (Salaried/Self-employed Professionals) 0.50% of loan amount (min. Rs. 3000) Processing Fees (Self-Employed Non-Professionals) 1.50% of loan amount (min. Rs. 4500) Processing Fees (NRI Loans) 1.25% of loan amount (min. Rs. 3000) Processing Fees (Value Plus Loans) 1.50% of loan amount (min. Rs. 4500) Processing Fees (Loans under HDFC Reach Scheme) Up to 2.00% of the loan amount Re-appraisal of loan after 6 months from date of sanction Rs. 2000
Documents Required for HDFC Bank Home Loan
Documents Salaried Individuals Self-Employed Professionals Self Employed Non Professional Proof of Identity ✔ ✔ ✔ Address Proof ✔ ✔ ✔ Age Proof ✔ ✔ ✔ Passport-sized Photographs ✔ ✔ ✔ Last 3 month’s Salary Slips ✔ ✖ ✖ Last 6 months’ Bank Statements, showing salary credits ✔ ✖ ✖ Latest Form-16 and IT returns ✔ ✖ ✖ Past 2 years ITRs ✖ ✔ ✔ Last 2 years’ Balance Sheet and P&L A/c Statements ✖ ✔ ✔ Last 12 months’ Savings Account Statements of individual ✖ ✔ ✔ Own Contribution Proof ✔ ✔ ✔ Employment Contract ✔ ✖ ✖ Last 6 months’ Bank Statements ✔ ✔ ✔ Passport size photograph ✔ ✔ ✔ Cheque for processing fee favoring HDFC Bank ✖ ✔ ✔ Business Profile ✖ ✔ ✔ Latest Form 26 AS ✖ ✔ ✔ Details of ongoing loans of the individual and the business entity ✖ ✔ ✔
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 Home Loans
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 Home Loans.
How to Apply for a Home Loan at the HDFC Bank?
You can apply in two ways:
Through the official HDFC bank portal by filling out the application form and tracking the application status online.
Contact Us at +91 636909 5433 or Visit Grow Associates for more convenient option
HDFC Bank Home Loan Interest Rates vs Other Banks & HFCs
Bank Up to Rs. 30 Lakh Above Rs. 30 Lakh to Rs. 75 Lakh Above Rs. 75 Lakh SBI Bank 8.5% p.a. onwards 8.5% p.a. onwards 8.5% p.a. onwards HDFC Bank 8.7% p.a. onwards 8.7% p.a. onwards 8.7% p.a. onwards ICICI Bank 8.85% p.a. onwards 8.85% p.a. onwards 8.85% p.a. onwards Kotak Mahindra Bank 8.70% p.a. onwards 8.70% p.a. onwards 8.70% p.a. onwards Punjab National Bank 8.40% – 12.10% p.a. 8.40% – 12.10% p.a. 8.40% – 12.10% p.a. Bajaj Housing Finance 8.50% p.a. onwards 8.50% p.a. onwards 8.50% p.a. onwards Axis Bank 8.75%-13.30% p.a. 8.75%-13.30% p.a. 8.75%-9.65% p.a. Bank of India 8.4% p.a onwards 8.4% p.a onwards 8.4% p.a onwards TATA Capital 8.75% p.a. onwards 8.75% p.a. onwards 8.75% p.a. onwards
Other HDFC Bank Loans
