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Home Extension Loans

HDFC provides Home Extension Loans for adding more space to your existing home for meeting the requirements of your growing family be it an extra bedroom for your children, a reading room for yourself or a cozy coffee corner. We make it easy to extend your home anyway you like.

  • Purpose
    HDFC Home Extension Loan makes it convenient for you to extend or add space to your home. Be it an additional room, a larger bathroom, or even enclosing an open balcony.
  • Maximum Loan Amount
    Loan Amount Maximum Funding*
    Upto Rs 75 lacs 80% of market value
    Above Rs 75 lacs 75% of market value

    * Subject to market value of the property and repayment capacity of the individual, as assessed by HDFC
  • Maximum Term
    20 years subject to your retirement age
  • Applicant and Co- Applicant to the loan
    Home Loans can be applied for either individually or jointly. Proposed owners of the property, will have to be co-applicants. However, the co-applicants need not be co- owners.
  • Adjustable Rate Home Loan
    Loan under Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). The rate on your loan will be revised every three months from the date of first disbursement, if there is a change in RPLR, the interest rate on your loan may change. However, the EMI on the home loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases.
    * Conditions Apply
Interest Rate

Salaried and Self-employed professionals :
     
Wef : 1st December, 2013 RPLR: 16.75%  
 
Loan Slabs Applicable Variable rates %
( Monthly Rest Basis )
Basis : RPLR minus Spread
Upto and including Rs 30 lacs 10.50% to 11.00% RPLR - 6.25 to - 5.75
Over Rs. 30 lacs 10.75% to 11.25% RPLR - 6.00 to - 5.50

Click here to view our special interest rates

Self-employed non-professionals :
     
Wef : 1st December, 2013 RPLR: 16.75%  
 
Loan Slabs Applicable Variable rates %
( Monthly Rest Basis )
Basis : RPLR minus Spread
Upto and including Rs 30 lacs 10.50% to 11.00% RPLR - 6.25 to - 5.75
Rs 30.01 lacs to Rs 3.00 Cr. 10.75% to 11.25% RPLR - 6.00 to - 5.50
Rs 3.01 Cr. to Rs 5.00 Cr. 11.00% to 11.50% RPLR - 5.75 to - 5.25
Rs 5.01 Cr. And above 11.25% to 11.75% RPLR - 5.50 to - 5.00

Click here to view our special interest rates

The above rates are subject to change without notice.