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Home Loan Interest Rate

HDFC Bank offers low home finance interest rates starting from 8.75*% p.a. This rate of interest is applicable to Home Loans, Balance Transfer Loans, House Renovation and Home Extensions Loans.

HDFC Bank offers an adjustable-rate loan also known as a floating rate loan as well as a trufixed loan in which the interest rate on the home loan remains fixed for a specific tenure (say first two years of the entire loan tenure) after which it converts into an adjustable-rate loan.

Adjustable Home Loan Rates

All rates are benchmarked to Policy Repo Rate. Current applicable Repo Rate = 6.50%

Special Home Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab Interest Rates (% p.a.)
For All Loans* Policy Repo Rate + 2.25% to 3.15% = 8.75% to 9.65%
Standard Home Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab Interest Rates (% p.a.)
For All Loans* Policy Repo Rate + 2.90% to 3.45% = 9.40% to 9.95%

*The above Home Loan interest rates/ EMI are applicable for loans under the Adjustable Rate Home Loan Scheme (Floating Interest Rate) of (HDFC Bank and are subject to change at the time of disbursement. The Home Loan interest rates above are linked to HDFC Bank's Repo Rate and are variable through out the tenor of the loan. All loans are at the sole discretion of HDFC Bank. For further details regarding the loan slabs and interest rates above Click Here


*HDFC BANK does not source any Home Loan business from any Lending Service Providers (LSPs).

Home Loan Interest Rates - FAQs

Home finance interest rate is an amount charged on the principal by a home loan provider to a borrower for the use of the principal amount. Your housing loan interest rate determines your monthly payable EMI against your home loan.

HDFC Bank is currently offering home loan interest rates starting from 8.75*% p.a. Customers can avail these home loan interest rates along with benefits like a longer& loan tenure of up to, 30 years, end to end digital solutions, customized repayment options and much more! To calculate your EMI visit To apply now for a home loan visit

An HDFC Bank Home Loan customer can choose between two types of interest rate options while availing a home loan. These are as follows:

Adjustable Rate Home Loan (ARHL): An Adjustable Rate Home Loan is also known as a floating or a variable rate loan. The interest rate in an ARHL is linked to HDFC Bank’s benchmark rate i.e. Retail Prime Lending Rate (RPLR). Any movement in HDFC Bank’s RPLR may effectuate a change in the applicable interest rates.

TruFixed Loan: In a TruFixed loan, the home loan interest rate remains fixed for a specified time period (for eg., for the first 2 or 3 years of the loan tenure) after which it automatically converts to an Adjustable Rate Home Loan with the then applicable interest rates. HDFC Bank currently offers a TruFixed loan where the interest rate is fixed for the first two years of the loan tenure.

The lowest home loan interest rate currently offered by HDFC Bank is 8.75*% p.a.

There are 7 main factors that can affect the interest rate on a home loan-

  •  Interest rate type
  •  Benchmark Lending Rate
  •  Loan To Value Ratio
  •  Financial Profile of the Borrower
  •  Repayment Tenure
  •  Location of the Property
  •  Reputation of the Home Loan Provider

There are many ways to reduce your Home Loan interest rate. Some of the

Boost your creditworthiness: Before going to the bank with a loan application, improve your credit score for better rate offers. Make sure to regularly check and refine your credit score. 


Select a shorter loan duration: Shorter duration loans reduce the total cash outflow, including the interest component.


Consider variable interest rates: These rates adjust with market changes and might sometimes offer a better deal than fixed rates.


Engage personally with your bank: A good conversation with your bank manager or any bank official from the bank can sometimes lead to lower rates, especially if you have been a loyal client.

Make a larger initial payment: A bigger down payment can reduce your loan's principal, leading to a lower cash outflow.

Your Home Loan EMI, or monthly repayment, is determined by three main factors: the total loan amount you borrow, the interest rate, and how long you choose to repay the loan (tenure). In short:


Loan Amount: The more you borrow, the higher your EMI.

Interest Rate: A higher interest rate means a higher EMI.

Tenure: Spreading your loan over more years can reduce your monthly payment, but you'll likely end up paying more in total interest over time. 


Many banks offer online tools, called EMI calculators, to help you easily determine your monthly repayment. Simply input your loan details to get an estimated EMI.

The interest rates on home loans are influenced by a variety of factors in addition to the base rate. Here are some key considerations:


Credit score: Your credit score plays a crucial role in determining the rate of interest on home loan. A higher credit score often results in a more favorable rate, as it reflects your creditworthiness.


Loan amount: The amount you borrow can impact the interest rate. Generally, lower loan-to-value ratios may attract more competitive rates.


Type of interest rate: Whether you choose a fixed or floating interest rate can influence your home loan rate. Fixed rates provide stability, while floating rates may vary based on market conditions.


Income and employment stability: Lenders often consider your income and employment history. Stable income and employment can positively influence the interest rate offered.

Market conditions: Home loan interest rates are also influenced by broader macro economic factors and market conditions. Changes in the economic landscape can impact rates.

The calculation of interest rate payments can be approached through various methods, each impacting how much you pay over the life of a loan. Here are different methods for calculating interest rate payments:


Simple interest method:


This method calculates interest based solely on the principal amount and the rate of interest. It's a straightforward calculation and is often used for short-term loans.


Compound interest method:


Compound interest considers not only the principal amount and the rate of interest but also the interest accumulated over previous periods. It leads to the growth of interest on interest, making it a common method for long-term loans.


Fixed interest rate:


With a fixed interest rate, the rate remains constant throughout the loan term. Monthly payments are predictable, providing stability for budgeting. It is a common method for traditional home loans.


Floating or adjustable interest rate:


Unlike fixed rates, floating or adjustable rates can change periodically based on market conditions. While this may lead to fluctuations in payments, it can be advantageous when market interest rates decrease.


Annual Percentage Rate (APR):


The APR represents the total cost of borrowing, including interest and additional fees. It provides a comprehensive view of the loan's true cost and is useful for comparing loan offers from different lenders.

Choosing between a fixed and floating home loan interest rate depends on your financial preferences and market conditions. Let's break down both options:


A fixed interest rate of interest on home loan provides stability and predictability with a constant rate throughout the loan term, making it suitable for those who prefer a stable payment amount. On the other hand, a floating interest rate offers flexibility, fluctuating based on market conditions and is potentially advantageous in a declining home loans rates environment. 


The choice between the two depends on your individual circumstances, and for personalized advice, consulting with a financial advisor or your lender directly is recommended.

Choosing HDFC Bank for your home loan comes with several compelling advantages. HDFC Bank, recognizing the significance of owning a home, provides Home Loans designed to simplify the process of building your dream living space. With attractive home loan interest rates and easy repayment facilities, HDFC Bank ensures that your journey to homeownership is not only achievable but also financially favorable. Beyond competitive home loans rates, HDFC Bank offers loan packages that make financing straightforward, aligning with your financial goals. When you choose HDFC Bank for your home loan, you are opting for a trusted institution that understands the importance of making homeownership a seamless and rewarding experience.

When you include a co-applicant, such as a family member or a spouse, the lender considers the combined income and creditworthiness of both applicants. This joint evaluation may result in higher eligibility and a more favorable risk profile for the lender.

Absolutely. Your credit score plays a crucial role in determining your home loan interest rate. Lenders use your credit score to assess your creditworthiness and the risk associated with lending to you. A higher credit score often translates to a lower perceived risk for the lender, which may result in a more favorable rate of interest on home loan. Conversely, a lower credit score may lead to a higher interest rate or, in some cases, difficulty in securing a loan.

Pre-EMI interest refers to the interest payable on the disbursed loan amount during the construction or under-construction period of a property, before the borrower starts paying the Equated Monthly Installments (EMIs). During this phase, the borrower may have the option to pay only the interest component, known as Pre-EMI interest, until the construction is completed, and the full loan amount is disbursed. It allows for a gradual repayment, typically based on the amount utilized, and the actual EMI payments commence once the construction is finished.

The maximum amount you can borrow for a home loan depends on various factors, including your income, creditworthiness, and the policies of the lending institution. Generally, lenders consider your repayment capacity, which is assessed based on your income, existing financial commitments, and credit history and regulatory guidelines. The loan-to-value (LTV) ratio, which represents the percentage of the property's value that can be financed, also plays a crucial role. Lenders typically offer up to 80-90% of the property's value as a home loan. 


It's advisable to check with your chosen lender to understand the specific criteria and factors that determine the maximum loan amount you can qualify for based on your unique financial situation.


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15 Years

Interest Rate

8.50% p.a.



20 Years


8.50% p.a.



30 Years


8.50% p.a.

For credit score of 800 and above*

* These rates are as on today,

Not sure what's right for you?

"Appreciate the quick service and understanding at HDFC Housing Finance"
- Avinashkumar Rajpurohit,Mumbai

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