Home Loan Balance Transfer

Do not miss a chance to lower your loan repayments when you have smarter options to choose from. Move your Home Loan outstanding balances to HDFC, pay lower monthly installments and enjoy the savings for the other things in life that really matter to you and your family.

  • Transfer your outstanding Home Loan availed from another Bank / Financial Institution to HDFC and get an additional Top Up Loan of up to ₹50 lacs

  • Attractive interest rates that make your Home Loan affordable and easier on your pocket

  • Customised repayment options to suit your needs

  • No hidden charges

  • Integrated branch network for availing and servicing the loan anywhere in India

  • Special arrangement with AGIF for Home Loans for those employed in the Indian Army. To know more, click here

Interest Rates

For Salaried

SPECIAL HOME LOAN RATES

BLOCKBUSTER FESTIVE OFFER

Adjustable Rate Home Loans

Loan Slab / Credit ScoreHome Loan Interest Rates (% p.a.)
For Credit Scores 750 & above6.70

Retail Prime Lending Rate: 16.05%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)6.75 to 7.25
For Others* (upto 30 Lakhs)6.80 to 7.30
For Women* (30.01 Lakhs to 75 Lakhs)7.00 to 7.50
For Others* (30.01 Lakhs to 75 Lakhs)7.05 to 7.55
For Women* (75.01 Lakhs & Above)7.10 to 7.60
For Others*(75.01 Lakhs & Above)7.15 to 7.65

To read terms & Conditions, Click Here

STANDARD HOME LOAN RATES

Adjustable Rate Home Loans

Retail Prime Lending Rate: 16.05%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)6.95 to 7.45
For Others* (upto 30 Lakhs)7.00 to 7.50
For Women* (30.01 Lakhs to 75 Lakhs)7.20 to 7.70
For Others* (30.01 Lakhs to 75 Lakhs)7.25 to 7.75
For Women* (75.01 Lakhs & Above)7.30 to 7.80
For Others*(75.01 Lakhs & Above)7.35 to 7.85

*The above Home Loan interest rates / EMI is applicable for loans under the Adjustable Rate Home Loan Scheme of Housing Development Finance Corporation Limited (HDFC) and is 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 RPLR. All loans at the sole discretion of HDFC Ltd.

TruFixed Loan – 2 Year Fixed Rate Variant

Retail Prime Lending Rate: 16.05%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)7.40 to 7.90
For Others* (upto 30 Lakhs)7.45 to 7.95
For Women* (30.01 Lakhs to 75 Lakhs)7.55 to 8.05
For Others* (30.01 Lakhs to 75 Lakhs)7.60 to 8.10
For Women* (75.01 Lakhs & Above)7.65 to 8.15
For Others*(75.01 Lakhs & Above)7.70 to 8.20

To read terms & Conditions, Click Here

Balance Transfer Loan Details

You can apply individually or jointly for Home Loans. All proposed owners of the property will have to be co-applicants. 

Who can Apply?

Primary Applicant
  • AGE

    21-65 years

  • PROFESSION

    Salaried / Self Employed

  • NATIONALITY

    Resident Indian

  • GENDER

    All Genders

PLAN YOUR HOME
Co-Applicant(s)
  • Adding Co-Applicant helps in maximizing the loan amount.

  • Adding Women Co-Owner helps in getting better interest rate.

  • All co-applicants need not be co-owners. Generally co-applicants are close family members.

What's the maximum funding and the loan payment term?

Loan AmountMaximum Amount*
Up to and including ₹30 lacsUp to 90% of the property cost
₹30.01 lacs to ₹75 lacs80% of the property cost
Above ₹75 lacs75% of the property cost

*Subject to market value of the property and repayment capacity of the customer, as assessed by HDFC.

The maximum period of repayment of a loan shall be up to 30 years for the Telescopic Repayment Option under the Adjustable Rate Home Loan. For all other Home Loan products, the maximum repayment period shall be up to 20 years.

The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms of HDFC.

Documents and Charges

Balance Transfer Documents

for Salaried Individuals

Following are the documents you would need to submit for all applicants / co-applicants along with the completed and signed Application Form for loan approval:

Proof of both Identity and Residence (KYC)

Select Any One

Pan Card
Mandatory document for KYC
Apply Now!

For the complete list of KYC documents click here.

Proof of Income

  • Last 3 months' Salary Slips
  • Last 6 months' Bank Statements, showing salary credits
  • Latest Form-16 and IT returns

Documents for a Balance Transfer Loan

  • A letter on the letter head of the existing lender stating the list of property documents held by them
  • Latest outstanding balance letter from your existing financial institution on their letter head
  • Photocopy of the property documents (including Own Contribution Proof)

Other documents

  • Employment Contract / Appointment Letter in case current employment is less than 1 year old
  • Last 6 months' Bank Statements showing repayment of any ongoing loans
  • Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
  • Cheque for processing fee favouring ‘HDFC Ltd.’

Charges and Fees

for Salaried individuals

The following is an indicative list of fees / other charges / outgoings that are payable depending on the nature of the loan availed (*):

Processing Fees & Other Charges

Processing Fees

Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes.
Minimum Retention Amount: 50% of applicable fees or ₹3,000 + applicable taxes whichever is higher.

Fees On Account Of External Opinion

Fees on account of external opinion from advocates/technical valuers, as the case may be, is payable on an actual basis as applicable to a given case. Such fees is payable directly to the concerned advocate / technical valuer for the nature of assistance so rendered.

Property Insurance

The customer shall pay the premium amounts directly to the insurance provider, promptly and regularly so as to keep the policy / policies alive at all times during the pendency of the loan.

Charges On Account Of Delayed Payments

Delayed payment of interest or EMI shall render the customer liable to pay additional interest up to 24% per annum.

Incidental Charges

Incidental charges & expenses are levied to cover the costs, charges, expenses and other monies that may have been expended in connection with recovery of dues from a defaulting customer. A copy of the policy can be obtained by customers from the concerned branch on request.

Statutory / Regulatory Charges

All applicable charges on account of Stamp Duty / MOD / MOE / Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) or such other statutory / regulatory bodies and applicable taxes shall be borne and paid (or refunded as the case may be) solely by the customer. You may visit the website of CERSAI for all such charges at www.cersai.org.in

Other Charges

Type Charges
Check Dishonour Charges  ₹300**
List Of Documents Up to ₹500
Photo Copy Of Documents Up to ₹500
PDC Swap Up to ₹500
Disbursement Cheque Cancellation Charge Post Disbursement Up to ₹500
Re-Appraisal Of Loan After 6 Months From Sanction Up to ₹2,000 plus applicable taxes
Reversal of Provisional Prepayment under HDFC Maxvantage Scheme Rs. 250/- plus applicable taxes/statutory levies at the time of reversal

Prepayment Charges

Housing Loans

A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest

For loans sanctioned to individual borrowers with or without co-obligants, no prepayment charges shall be payable on account of part or full prepayments made through any sources* except when the loan is sanctioned for business purposes**.

B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest

For all loans sanctioned with or without co-obligants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies of the amounts being so prepaid on account of part or full prepayments except when part or full prepayment is being made through own sources*.


Non Housing Loans and loans classified as business loans** 

A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest

For all loans sanctioned with or without co-obligants, the prepayment charge shall be levied at a rate of 2% plus applicable taxes/statutory levies of the amounts being so repaid on account of part or full prepayment.
No prepayment charges shall be payable on account of part or full prepayments on Loans against Property / Home equity loans sanctioned to individuals for other than business purposes**

B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest

For all loans sanctioned with or without co-obligants, the prepayment charge shall be levied at a rate of 2% plus applicable taxes/statutory levies of the amounts being so repaid on account of part or full prepayments.

 

OWN SOURCES: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

BUSINESS LOANS: **The following loans shall be classified as business loans:

  1. LRD loans
  2. Loans against property / Home Equity Loan for Business Purpose i.e. Working Capital,  Debt Consolidation, Repayment of Business Loan, Expansion of business, Acquisition of Business asset or any similar end usage of funds.
  3. Non Residential properties
  4. Non Residential Equity Loan
  5. Top up loans for Business Purpose i.e. Working Capital, Debt Consolidation, Repayment of Business Loan, Expansion of business, Acquisition of Business asset or any similar end usage of funds.

The Borrower will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan.

The prepayment charges are subject to change as per prevailing policies of HDFC and accordingly may vary from time to time which shall be notified on www.hdfc.com .

Conversion Fees

We offer our existing customer the option to reduce the applicable interest rates on the Home Loan (by changing the spread or switching between schemes) through our Conversion Facility. You can take advantage of this facility by paying a nominal fee and opt for either reducing your monthly instalment (EMI) or loan tenure. Terms and conditions apply. To avail of our Conversion Facility and to discuss the various available options either click here to allow us to call you back or log on to our Online Access for Existing Customers, to get your Home Loan account information 24x7. The following options of conversion are available to an existing customer of HDFC:

Name of the Product/Service Name of Fee/Charge levied When Payable Frequency Amount in Rupees

Switch to Lower Rate in Variable rate Loans (Housing / Extension / Renovation)

Conversion Fees On Conversion On every Spread change Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap ₹50000 plus taxes whichever is lower.

Switching to Variable Rate Loan from Fixed Rate Loan (Housing / Extension / Renovation)

Conversion Fees On Conversion Once Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap ₹50000 plus taxes whichever is lower.

Switch from Combination Rate Home Loan fixed rate to Variable rate

Conversion Fees On Conversion Once 1.75% of the Principal Outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.

Switch to Lower Rate (Non–Housing Loans)

Conversion Fees On Conversion On every Spread change Half of the spread difference on the principal outstanding and undisbursed amount (if any) plus taxes, with a minimum fee of 0.5% and Max. 1.50%.

Switch to Lower Rate (Plot Loans)

Conversion Fees On Conversion On every Spread change 0.5% of principal outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.

Switch to a RPLR-NH Benchmark Rate (Non–Housing Loans) and corresponding spread

Conversion Fees On conversion where the resultant rate of interest remains the same On change of bench- mark rate and/or change of Spread Change NIL

Switch to a RPLR-NH Benchmark Rate (Non–Housing Loans) and corresponding spread

Conversion Fees On conversion where the resultant rate of interest is lowered On change of benchmark rate and/ or change of Spread Change Half of the spread difference on the principal outstanding and undisbursed amount (if any) plus taxes, with a minimum fee of 0.5% and Max. 1.50%

Switch to Lower Rate (Loans under HDFC Reach)- Variable Rate

Conversion Fees On Conversion On every Spread change Upto 1.50% of the principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of conversion.

Switch to HDFC Maxvantage Scheme

Processing Fee At the time of Conversion Once 0.25% of the outstanding loan amount + applicable taxes/statutory levies at the time of conversion

Repayment Options

for Salaried individuals

Step Up Repayment Facility (SURF)

SURF offers an option where the repayment schedule is linked to the expected growth in your income. You can avail a higher amount of loan and pay lower EMIs in the initial years. Subsequently, the repayment is accelerated proportionately with the assumed increase in your income.

Flexible Loan Installments Plan (FLIP)

FLIP offers a customized solution to suit your repayment capacity which is likely to alter during the term of the loan. The loan is structured in such a way that the EMI is higher during the initial years and subsequently decreases in proportion to the income.

Tranche Based EMI

If you purchase an under construction property you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying EMIs on the cumulative amounts disbursed.

Accelerated Repayment Scheme

This option provides you the flexibility to increase the EMIs every year in proportion to the increase in your income which will result in you repaying the loan much faster.

Telescopic Repayment Option

With this option you get a longer repayment tenure of up to 30 years. This means an enhanced loan amount eligibility and smaller EMIs.

Calculators

Get the peace of mind by knowing all the details about your loan

HDFC's home loan calculator helps you calculate your Home Loan Emi with ease. HDFC's EMI calculator for a home loan can help you make an informed decision about buying a new house. The EMI calculator is useful in planning your cashflows for servicing your home loan. HDFC offers home loans with EMIs starting from ₹646 per lac and interest rates starting from 6.70%* p.a. with additional features such as flexible repayment options and top-up loan. With a low-interest rate and long repayment tenure, HDFC ensures a comfortable home loan EMI for you. With our reasonable EMIs, HDFC Home loan is lighter on your pocket. Calculate the EMI that you will be required to pay for your home loan with our easy to understand home loan EMI calculator.

Calculate Home Loan EMI

Rs.
Rs. 1 Lac Rs. 10 Cr
1 30
0 15
18,935
25,00,000
20,44,367
45,44,367

Home Loan Amortization Schedule

YearOpening BalanceEMI*12Interest paid yearlyPrincipal paid yearlyClosing Balance
125,00,0002,27,2181,65,63261,58724,38,413
224,38,4132,27,2181,61,37665,84223,72,571
323,72,5712,27,2181,56,82770,39223,02,180
423,02,1802,27,2181,51,96375,25522,26,924
522,26,9242,27,2181,46,76380,45521,46,469
621,46,4692,27,2181,41,20486,01420,60,455
720,60,4552,27,2181,35,26191,95819,68,497
819,68,4972,27,2181,28,90798,31218,70,186
918,70,1862,27,2181,22,1141,05,10417,65,081
1017,65,0812,27,2181,14,8511,12,36716,52,714
1116,52,7142,27,2181,07,0871,20,13115,32,583
1215,32,5832,27,21898,7871,28,43214,04,152
1314,04,1522,27,21889,9131,37,30612,66,846
1412,66,8462,27,21880,4251,46,79311,20,053
1511,20,0532,27,21870,2821,56,9369,63,118
169,63,1182,27,21859,4391,67,7797,95,338
177,95,3382,27,21847,8461,79,3726,15,966
186,15,9662,27,21835,4521,91,7664,24,199
194,24,1992,27,21822,2022,05,0172,19,183
202,19,1832,27,2188,0362,19,1830

Home Loan eligibility is dependent on factors such as your monthly income, current age, credit score, fixed monthly financial obligations, credit history, retirement age etc. Get the peace of mind by knowing all the details about your loan using HDFC Home Loan Eligibility Calculator

Calculate Home Loan Eligibility

Rs.
Rs. 10 K Rs. 1 Cr
1 30
0 15
Rs.
Rs. 0 Rs. 1 Cr

Your Home Loan Eligibility

Rs.

Your Home Loan EMI will be

Rs. /monthly

Get the peace of mind by knowing all the details about your loan

Rs.
Rs. 0 Rs. 1 Cr
Rs.
Rs. 10 K Rs. 1 Cr
1 30
0 15
Rs.
Rs. 0 Rs. 1 Cr

You are eligible for a Loan Amount upto

Rs.

Property Cost

Rs.

Find out the savings in EMI

Existing Loan

Rs.
Rs. 1 Lac Rs. 10 Cr
1 30
0 15

Loan from HDFC Home Loans

1 30
0 15

Total saving in Cash outflow

Rs.

Existing EMI

Rs.

Proposed EMI

Rs.

Saving in EMI

Rs.

Frequently Asked Questions

What is a Balance transfer loan ?

Transferring your outstanding home loan availed from another Bank / Financial Institution to HDFC is known as a balance transfer loan

Who can avail a Balance transfer loan ?

Any borrower who has an existing home loan with another bank/HFI in which he/she have had a regular payment track of 12 months ,can avail a balance transfer loan from HDFC.

What is the maximum term you can avail for a balance transfer loan ?

The maximum term that a customer can avail is 30 years or till the age of retirement ,whichever is lower under HDFC's 'Telescopic Repayment Option.

Are the applicable interest rates on a balance transfer loan higher than a home loan ?

Interest rates applicable on balance transfer loans do not differ from the interest rates of home loans.

Do I get tax benefit on a balance transfer loan ?

Yes. You are eligible for tax benefits on the principal and interest components of your balance transfer loan under the Income Tax Act, 1961. As the benefits could vary each year, please do check with our Loan Counselor about the tax benefits which you could avail on your loan.

Can I avail a top loan in addition to a balance transfer loan from HDFC ?

Yes, you can avail an additional top up loan of upto Rs 50 lakhs along with a balance transfer loan from HDFC.

What are the documents required for a Balance transfer loan ?

You can find a checklist of documents ,fees charges for a balance transfer loan on https://www.hdfc.com/checklist#documents-charges

Can borrower of an under construction property avail a balance transfer loan from HDFC ?

Yes, customers who have purchased an under construction property can avail a balance transfer loan from HDFC.

Terms & Conditions

Security

Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC.

Other Conditions

All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC’s products and services. For detailed information about HDFC’s products and services kindly visit the nearest HDFC branch.

Click here for the Most Important Terms and Conditions pertaining to your loan.

Key Benefits & Features

Do not miss a chance to lower your loan repayments when you have smarter options to choose from. Move your Home Loan outstanding balances to HDFC, pay lower monthly installments and enjoy the savings for the other things in life that really matter to you and your family.

  • Transfer your outstanding Home Loan to HDFC & get an additional Top Up Loan up to ₹50 lacs

  • Innovative Home Loan schemes

  • Doorstep assistance on your Home Loan

  • No hidden charges

  • Attractive interest rates that make your Home Loan affordable and easier on your pocket

  • Customised repayment options to suit your needs

  • Integrated branch network for availing and servicing the loan anywhere in India

Interest Rates

For Self Employed Professionals

SPECIAL HOME LOAN RATES

BLOCKBUSTER FESTIVE OFFER

Adjustable Rate Home Loans

Loan Slab / Credit ScoreHome Loan Interest Rates (% p.a.)
For Credit Scores 750 & above6.70

Retail Prime Lending Rate: 16.05%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)6.75 to 7.25
For Others* (upto 30 Lakhs)6.80 to 7.30
For Women* (30.01 Lakhs to 75 Lakhs)7.00 to 7.50
For Others* (30.01 Lakhs to 75 Lakhs)7.05 to 7.55
For Women* (75.01 Lakhs & Above)7.10 to 7.60
For Others*(75.01 Lakhs & Above)7.15 to 7.65

To read terms & Conditions, Click Here

 

STANDARD HOME LOAN RATES

Adjustable Rate Home Loans

Retail Prime Lending Rate: 16.05%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)6.95 to 7.45
For Others* (upto 30 Lakhs)7.00 to 7.50
For Women* (30.01 Lakhs to 75 Lakhs)7.20 to 7.70
For Others* (30.01 Lakhs to 75 Lakhs)7.25 to 7.75
For Women* ( 75.01 Lakhs & Above)7.30 to 7.80
For Others*( 75.01 Lakhs & Above)7.35 to 7.85

*The above Home Loan interest rates / EMI is applicable for loans under the Adjustable Rate Home Loan Scheme of Housing Development Finance Corporation Limited (HDFC) and is 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 RPLR. All loans at the sole discretion of HDFC Ltd.

TruFixed Loan – 2 Year Fixed Rate Variant

Retail Prime Lending Rate: 16.05%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)7.40 to 7.90
For Others* (upto 30 Lakhs)7.45 to 7.95
For Women* (30.01 Lakhs to 75 Lakhs)7.55 to 8.05
For Others* (30.01 Lakhs to 75 Lakhs)7.60 to 8.10
For Women* ( 75.01 Lakhs & Above)7.65 to 8.15
For Others*( 75.01 Lakhs & Above)7.70 to 8.20

To read terms & Conditions, Click Here

For Self Employed Non Professionals

SPECIAL HOME LOAN RATES

BLOCKBUSTER FESTIVE OFFER

Adjustable Rate Home Loans

Loan Slab / Credit ScoreHome Loan Interest Rates (% p.a.)
For Credit Scores 750 & above6.70

Retail Prime Lending Rate: 16.05%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)6.90 to 7.40
For Others* (upto 30 Lakhs)6.95 to 7.45
For Women* (30.01 Lakhs to 75 Lakhs)7.15 to 7.65
For Others* (30.01 Lakhs to 75 Lakhs)7.20 to 7.70
For Women* (75.01 Lakhs & Above)7.25 to 7.75
For Others*(75.01 Lakhs & Above)7.30 to 7.80

To read terms & Conditions, Click Here

Standard Adjustable Rates

Adjustable Rate Home Loans

Retail Prime Lending Rate: 16.05%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)7.10 to 7.60
For Others* (upto 30 Lakhs)7.15 to 7.65
For Women* (30.01 Lakhs to 75 Lakhs )7.35 to 7.85
For Others* (30.01 Lakhs to 75 Lakhs)7.40 to 7.90
For Women* ( 75.01 Lakhs & Above)7.45 to 7.95
For Others*( 75.01 Lakhs & Above)7.50 to 8.00

*The above Home Loan interest rates / EMI is applicable for loans under the Adjustable Rate Home Loan Scheme of Housing Development Finance Corporation Limited (HDFC) and is 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 RPLR. All loans at the sole discretion of HDFC Ltd. 

TruFixed Loan – 2 Year Fixed Rate Variant

Retail Prime Lending Rate: 16.05%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)7.55 to 8.05
For Others* (upto 30 Lakhs)7.60 to 8.10
For Women* (30.01 Lakhs to 75 Lakhs )7.70 to 8.20
For Others* (30.01 Lakhs to 75 Lakhs)7.75 to 8.25
For Women* ( 75.01 Lakhs & Above)7.80 to 8.30
For Others*( 75.01 Lakhs & Above)7.85 to 8.35

To read terms & Conditions, Click Here

Balance Transfer Loan Details

You can apply individually or jointly for Home Loans. All proposed owners of the property will have to be co-applicants. 

Classification of Self Employed Customers

Self-Employed Professional (SEP)
  • Doctor
  • Lawyer
  • Chartered Accountant
  • Architect
  • Consultant
  • Engineer
  • Company Secretary, etc.
Self-Employed Non-Professional (SENP)
  • Trader
  • Commission Agent
  • Contractor etc.
PLAN YOUR HOME

What's the maximum funding and the loan payment term?

Loan AmountMaximum Funding*
Up to and including ₹30 lacsUp to 90% of the property cost
₹30.01 lacs to ₹75 lacs80% of the property cost
Above ₹75 lacs75% of the property cost

*Subject to market value of the property and repayment capacity of the customer, as assessed by HDFC.

The maximum period of repayment of a loan shall be up to 30 years for the Telescopic Repayment Option under the Adjustable Rate Home Loan. For all other Home Loan products, the maximum repayment period shall be up to 20 years.

The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms of HDFC.

Documents and Charges

Balance Transfer Documents

for Self Employed Individuals

Following are the documents you would need to submit for all applicants / co-applicants along with the completed and signed Application Form for loan approval:

Proof of both Identity and Residence (KYC)

Select Any One

Pan Card
Mandatory document for KYC
Apply Now!

For the complete list of KYC documents click here.

Proof of Income

  • Income Tax Returns along with computation of income for the last 3 Assessment Years (of both the individual and the business entity and attested by a CA)
  • Last 3 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules (of both the individual and the business entity and attested by a CA)
  • Last 6 months' Current A/c Statements of the business entity and Savings Account Statements of the individual

Documents for a Balance Transfer Loan

  • A letter on the letter head of the existing lender stating the list of property documents held by them
  • Latest outstanding balance letter from your existing financial institution on their letter head
  • Photocopy of the property documents (including Own Contribution Proof)

Other documents

  • Business Profile

  • Latest Form 26 AS

  • List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company

  • Memorandum and Articles of Association of the Company

  • Partnership deed in case of the business entity being a partnership firm

  • Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.

  • Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across

  • Cheque for processing fee favouring ‘HDFC Ltd.’

Charges and Fees

for Self Employed individuals

The following is an indicative list of fees / other charges / outgoings that are payable depending on the nature of the loan availed (*):

Processing Fees & Other Charges

Processing Fees

For Self-Employed Professionals:
Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes.
Minimum Retention Amount: 50% of applicable fees or ₹3,000 + applicable taxes whichever is higher.

For Self-Employed Non-Professionals:
Up to 1.50% of the loan amount or ₹4,500 whichever is higher, plus applicable taxes.
Minimum Retention Amount: 50% of applicable fees or ₹4,500 + applicable taxes whichever is higher.

Fees On Account Of External Opinion

Fees on account of external opinion from advocates / technical valuers, as the case may be, is payable on an actual basis as applicable to a given case. Such fees is payable directly to the concerned advocate / technical valuer for the nature of assistance so rendered.

Property Insurance

The customer shall pay the premium amounts directly to the insurance provider, promptly and regularly so as to keep the policy / policies alive at all times during the pendency of the loan.

Charges On Account Of Delayed Payments

Delayed payment of interest or EMI shall render the customer liable to pay additional interest up to 24% per annum.

Incidental Charges

Incidental charges & expenses are levied to cover the costs, charges, expenses and other monies that may have been expended in connection with recovery of dues from a defaulting customer. A copy of the policy can be obtained by customers from the concerned branch on request.

Statutory / Regulatory Charges

All applicable charges on account of Stamp Duty / MOD / MOE / Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) or such other statutory / regulatory bodies and applicable taxes shall be borne and paid (or refunded as the case may be) solely by the customer. You may visit the website of CERSAI for all such charges at www.cersai.org.in

Other Charges

Type Charges
Check Dishonour Charges  ₹300**
List Of Documents Up to ₹500
Photo Copy Of Documents Up to ₹500
PDC Swap Up to ₹500
Disbursement Cheque Cancellation Charge Post Disbursement Up to ₹500
Re-Appraisal Of Loan After 6 Months From Sanction Up to ₹2,000 plus applicable taxes
Reversal of Provisional Prepayment under HDFC Maxvantage Scheme Rs. 250/- plus applicable taxes/statutory levies at the time of reversal

Prepayment Charges

Housing Loans

A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest

For loans sanctioned to individual borrowers with or without co-obligants, no prepayment charges shall be payable on account of part or full prepayments made through any sources* except when the loan is sanctioned for business purposes**.

B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest

For all loans sanctioned with or without co-obligants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies of the amounts being so prepaid on account of part or full prepayments except when part or full prepayment is being made through own sources*.


Non Housing Loans and loans classified as business loans** 

A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest

For all loans sanctioned with or without co-obligants, the prepayment charge shall be levied at a rate of 2% plus applicable taxes/statutory levies of the amounts being so repaid on account of part or full prepayment.
No prepayment charges shall be payable on account of part or full prepayments on Loans against Property / Home equity loans sanctioned to individuals for other than business purposes**

B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest

For all loans sanctioned with or without co-obligants, the prepayment charge shall be levied at a rate of 2% plus applicable taxes/statutory levies of the amounts being so repaid on account of part or full prepayments.

 

OWN SOURCES: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

BUSINESS LOANS: **The following loans shall be classified as business loans:

  1. LRD loans
  2. Loans against property / Home Equity Loan for Business Purpose i.e. Working Capital,  Debt Consolidation, Repayment of Business Loan, Expansion of business, Acquisition of Business asset or any similar end usage of funds.
  3. Non Residential properties
  4. Non Residential Equity Loan
  5. Top up loans for Business Purpose i.e. Working Capital, Debt Consolidation, Repayment of Business Loan, Expansion of business, Acquisition of Business asset or any similar end usage of funds.

The Borrower will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan.

The prepayment charges are subject to change as per prevailing policies of HDFC and accordingly may vary from time to time which shall be notified on www.hdfc.com .

Conversion Fees

We offer our existing customer the option to reduce the applicable interest rates on the Home Loan (by changing the spread or switching between schemes) through our Conversion Facility. You can take advantage of this facility by paying a nominal fee and opt for either reducing your monthly instalment (EMI) or loan tenure. Terms and conditions apply. To avail of our Conversion Facility and to discuss the various available options either click here to allow us to call you back or log on to our Online Access for Existing Customers, to get your Home Loan account information 24x7. The following options of conversion are available to an existing customer of HDFC:

Name of the Product/Service Name of Fee/Charge levied When Payable Frequency Amount in Rupees

Switch to Lower Rate in Variable rate Loans (Housing / Extension / Renovation)

Conversion Fees On Conversion On every Spread change Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap ₹50000 plus taxes whichever is lower.

Switching to Variable Rate Loan from Fixed Rate Loan (Housing / Extension / Renovation)

Conversion Fees On Conversion Once Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap ₹50000 plus taxes whichever is lower.

Switch from Combination Rate Home Loan fixed rate to Variable rate

Conversion Fees On Conversion Once 1.75% of the Principal Outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.

Switch to Lower Rate (Non–Housing Loans)

Conversion Fees On Conversion On every Spread change Half of the spread difference on the principal outstanding and undisbursed amount (if any) plus taxes, with a minimum fee of 0.5% and Max. 1.50%.

Switch to Lower Rate (Plot Loans)

Conversion Fees On Conversion On every Spread change 0.5% of principal outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.

Switch to a RPLR-NH Benchmark Rate (Non–Housing Loans) and corresponding spread

Conversion Fees On conversion where the resultant rate of interest remains the same On change of bench- mark rate and/or change of Spread Change NIL

Switch to a RPLR-NH Benchmark Rate (Non–Housing Loans) and corresponding spread

Conversion Fees On conversion where the resultant rate of interest is lowered On change of benchmark rate and/ or change of Spread Change Half of the spread difference on the principal outstanding and undisbursed amount (if any) plus taxes, with a minimum fee of 0.5% and Max. 1.50%

Switch to Lower Rate (Loans under HDFC Reach)- Variable Rate

Conversion Fees On Conversion On every Spread change Upto 1.50% of the principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of conversion.

Switch to HDFC Maxvantage Scheme

Processing Fee At the time of Conversion Once 0.25% of the outstanding loan amount + applicable taxes/statutory levies at the time of conversion

Repayment Options

for Self Employed Individuals

Tranche Based EMI

If you purchase an under construction property you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying EMIs on the cumulative amounts disbursed.

Accelerated Repayment Scheme

This option provides you the flexibility to increase the EMIs every year in proportion to the increase in your income which will result in you repaying the loan much faster.

Telescopic Repayment Option

With this option you get a longer repayment tenure of up to 30 years. This means an enhanced loan amount eligibility and smaller EMIs.

Terms & Conditions

Security

Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC.

Other Conditions

All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC’s products and services. For detailed information about HDFC’s products and services kindly visit the nearest HDFC branch.

Click here for the Most Important Terms and Conditions pertaining to your loan.