HDFC Bank Home Loan Interest Rates, EMI Calculator, Eligibility Criteria

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HDFC BANK HOME LOAN 

About HDFC Bank Home Loan :

HDFC Bank is an Indian banking and financial services company. It was established in 1994 and their headquarters at Mumbai. It is one of India leading private banks. HDFC Bank offers a wide range of financial products and banking services to customers.

Purchasing a house is the dream of every individual. Make your dream of owning a home a reality with HDFC Bank Home Loan. Here, we talk about all things above that are quite normal but there is change in it, now everyone can buy their dream home with ease. You all think that “how it is possible? To overcome with this issue HDFC came with an exciting opportunity i.e. HDFC Bank Home Loan.

Benefits of HDFC Bank Home Loan :

1. Attractive and low rate of interest starting at 6.95% to 7.50% per annum

2. You can apply online for home loan

3. Interest rate concession of 0.05% to women's borrowers on specific loan scheme

4. Easy and quick documentation process

5. Provide doorstep services to the customers

6. Provide longer tenure upto 30 years

Fee and Charges of HDFC Bank Home Loan :

TYPE 

CHARGES

Processing fee

For salaried individual and self employed professionals = Upto 0.50% of the loan amount or Rs.3000 whichever is higher plus applicable taxes

For self employed non professionals = Upto 1.5% of the loan amount or Rs.4500 whichever is higher

Charges on account delay payments 

24% per annum

Cheque dishonour charges 

Rs.200

List of documents 

Upto Rs.500

Photocopy of documents 

Upto Rs.500

Swap charges 

Upto Rs.200

Disbursement cheque / cancellation charges 

Upto Rs.200

Re-appraisal of loan after 6 months sanction 

Upto Rs.2000

Increase / decrease in loan term 

Upto Rs.500 plus applicable tax

Pre-closure and pre payment charges

NIL 

Penal Interest 

Upto 24% per annum

Eligibility Criteria for HDFC Bank Home Loan :

ELIGIBLE 

Salaried employees, Self employed professionals and non professionals and retired

AGE 

For salaried employees = 24 years to 60 years 

For self employed professionals and non professionals = 24 years to 65 years 

NATIONALITY 

Indian Resident

CIBIL SCORE

From 720 to 750

Documents Required for HDFC Bank Home Loan :

1. Fully filled signed application form 

2. Passport size photograph

3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id

4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id 

5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited

6. For Self employed individuals / professionals = 2  years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.

HDFC Bank Home Loan offers :

HDFC Bank provides various offers to the customers to get a home loan according to their choice without any hassle.  

Home loan offers 

Eligible 

Interest rate 

Loan amount 

Tenure 

Processing fee 

HDFC Reach Loans 

Salaried and Self employed individuals 

9.25% onwards

Upto 80% of the property value

Upto 30 years 

Upto 20% of the loan amount plus GST

HDFC Plot Loans 

Salaried and Self employed individuals 

Women = 8.15% onwards 

Others = 8.20% onwards

Upto 80% of the property value

Upto 15 years 

Upt0 0.50% of the loan amount or Rs.3000 whichever is higher plus GST

HDFC Rural Housing Loans 

Salaried and Self employed individuals 

Women = 8.05% onwards 

Others = 8.10% onwards 

Upto 90% of the property value 

Upto 30 years 

For salaried / self employed = Upto 0.50% of the loan amount or Rs.3000 whichever is higher plus GST

Agriculture / self employed non professionals = Upto 1.50% of the loan amount or Rs.4500 whichever is higher plus GST

HDFC Home Improvement Loans 

Salaried and Self employed individuals 

6.95% onwards

For new customers = Upto 90% of the improvement estimate

For existing customers = Upto 100% of the improvement estimate

Upto 15 years 

Upto 0.50% of the loan amount or Rs.3000 whichever is higher plus GST

HDFC Home Extension Loans

Salaried and Self employed individuals 

6.95% onwards 

Upto 90% of the property value

Upto 20 years 

Upto 0.50% of the loan amount or Rs.3000 whichever is higher plus GST

HDFC Top-Up Loans 

Salaried and Self employed individuals 

For new customers = 6.96% onwards 

For existing customers = 8.70% onwards

Upto 90% of the property value

Upto 15 years 

Upto 0.50% of the loan amount or Rs.3000 whichever is higher plus GST

HDFC Balance Transfer Loans 

Salaried and Self employed individuals 

6.90% onwards

Upto Rs.50 lakh 

Upto 30 years 

Upto 0.50% of the loan amount or Rs.3000 whichever is higher plus GST

Compare other bank home loan interest rates :

BANKS 

INTEREST RATE

AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Bridge Home Loan

9.50% to 10.50%

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% onwards 

HDFC Bank Home Loan

6.95% to 7.50%

Kotak Mahindra Bank Home Loan

7.40% to 9.70%

Yes Bank Home Loan

9.60% to 10.55%

Citi Bank Home Loan

7.34% to 8.29%

ICICI Bank Home Loan

6.95% to 8.05%

Standard Chartered Bank Home Loan

Starting at 8.71%

IDBI Bank Home Loan

7.80% to 8.80%

RBL Bank Home Loan

9.75% to 10.05%

HSBC Bank Home Loan

8.55% to 8.655

HSBC Bank Smart Home Loan

11.005 to 11.505

IndusInd Bank Home Loan

8.00% to 15.00%

Bank of Baroda Home Loan

6.85% to 7.75%

Bank of India Home Loan

6.85% to 7.755

Canara Bank Home Loan

6.90% to 8.90%

Indian Bank Home Loan

7.55% to 8.40%

Punjab National Bank Home Loan

Starting at 7.00%

Other products of HDFC Bank :

1. HDFC Bank Car Loan

2. HDFC Bank Business Loan 

3. HDFC Bank Credit Card

4. HDFC Bank Used Car Loan 

How to apply for HDFC Bank Home Loans :

There are two ways to apply for home loans from HDFC Bank :

1. Offline method : By visiting nearest bank branch

2. Online Method :

  • First of all first visit to official website of HDFC Bank

  • In retail section go to the “loans”

  • Now click in home loan

  • After that go to “Home loan”

  • Now click on apply now and fill application form 

How to contact with HDFC Bank :

1. By customer care contact number : 01416160616

2. By customer care Email id : customerservices.loans@hdfcbank.com

How to calculator EMI of HDFC Bank Home Loan :

The following formula is used to calculate EMI of HDFC Bank Home Loan :

EMI = [PXRX(1+R)^N] / [(1+R)^N-1]

Where,

P stands for Loan Amount

R stands for Interest Rate

N stands for tenure in number of months 

Financials products offered by Bank :

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

HDFC Bank Home Loan Frequently Asked Questions :

1. What is the loan amount of HDFC Bank Home Loan?

The loan amount of HDFC Bank Home Loan is financed upto 90% of the total property cost.

2. How much minimum and maximum age of the customer is required to get a home loan from HDFC Bank?

The minimum age of the salaried individuals is 24 years to 60 years and for self employed / professionals is 24 years to 65 years age is required to get a home loan from HDFC Bank.

3. Is, there any pre-closure and part payment charges applied to get a home loan from HDFC Bank?

There is no pre-closure and part payment charges are applied to get a home loan from HDFC  Bank.

4. What is the maximum tenure period provided by HDFC Bank to get a home loan?

The maximum tenure period provided by HDFC Bank is 30 years to get a home loan.

5. Who is eligible to get a home loan from HDFC Bank?

The salaried person, self employed individuals and and self employed professionals are eligible to get a home loan from HDFC Bank.

6. How much interest rate is provided by HDFC Bank to get a home loan?

The interest rate provided by HDFC Bank to get a home loan starts from 6.95% to 7.50% per annum.

Last Updated on : 17/Aug/2020

Know More About

Hdfc Bank Home Loan

You're eligible for a Hdfc Bank Home Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Hdfc Bank Home Loan Interest Rates

Updated on 25 Nov 2017

Hdfc Bank Home Loan Details
Interest Rate (Monthly reducing balance) 6.95% - 7.5%
Processing Fees Upto 1.5% of the loan amount or (Rs.3000 / Rs.4500) whichever is higher plus applicable tax
Loan Tenure 1 year to 30 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Home Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959