Balance Transfer for NRIs in Other Locations
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 other things that really matter to you and your family.
- Loans to NRIs, PIOs and OCIs* for transferring your outstanding Home Loan availed from another Bank / Financial Institution in India to HDFC
- Attractive interest rates
- No hidden charges
- Avail of Home Loan Advisory Services in the country where you currently reside
- Loans also available for those employed in the Merchant Navy
*NRI – Non Resident Indian, PIO – Person of Indian Origin and OCI – Overseas Citizen of India
Interest Rates
Retail Prime Lending Rate: 16.85%
| Loan Slab | Home Loan Interest Rates (% p.a.) |
|---|---|
| For Women* (upto 30 Lakhs) | 8.90 to 9.40 |
| For Others* (upto 30 Lakhs) | 8.95 to 9.45 |
| For Women* (30.01 Lakhs to 75 Lakhs ) | 9.05 to 9.55 |
| For Others* (30.01 Lakhs to 75 Lakhs) | 9.10 to 9.60 |
| For Women* ( 75.01 Lakhs & Above) | 9.10 to 9.60 |
| For Others*( 75.01 Lakhs & Above) | 9.15 to 9.65 |
*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: 16.85%
| Loan Slab | Home Loan Interest Rates (% p.a.) |
|---|---|
| For Women* (upto 30 Lakhs) | 9.40 to 9.90 |
| For Others* (upto 30 Lakhs) | 9.45 to 9.95 |
| For Women* (30.01 Lakhs to 75 Lakhs ) | 9.55 to 10.05 |
| For Others* (30.01 Lakhs to 75 Lakhs) | 9.60 to 10.10 |
| For Women* ( 75.01 Lakhs & Above) | 9.60 to 10.10 |
| For Others*( 75.01 Lakhs & Above) | 9.65 to 10.15 |
To read terms & Conditions, Click Here
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?
AGE
18-65 years
PROFESSION
Salaried / Self Employed
NATIONALITY
NRI
GENDER
All Genders
Adding Co-Applicant helps in maximizing the loan amount.
Adding Women Co-Applicant 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 Amount | Maximum Funding* |
|---|---|
| Up to and including Rs.30 lacs | 90% of the property cost |
| Rs.30.01 lacs to Rs.75 lacs | 80% of the property cost |
| Above Rs.75 lacs | 75% of the property cost |
*Subject to market value of the property and repayment capacity of the customer, as assessed by HDFC.
You can avail a maximum term of up to 20 years.***
***For certain professionals only.
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
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:
Select Any One
-
Photocopy of the Employment Contract / Appointment Letter / Offer Letter
-
Last 3 months' Salary Slips / Certificates specifying the following: Name (as it appears in the Passport); Date of joining; Passport Number; Designation; Perquisites and salary
-
Photocopy of last 6 months' Bank Statements, showing salary credits
-
Photocopy of last 6 months' Bank Statements of the NRE / NRO account in India
-
Credit Bureau Report (in case available in the country where you are residing)
- 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)
- Photocopy of the valid resident Visa stamped on the Passport
- Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
- Past occupational history
- Cheque for processing fee favouring ‘HDFC Ltd.’ in Indian Rupees
The following is an indicative list of fees / other charges / outgoings that are payable depending on the nature of the loan availed (*):
Processing Fees
Up to 1.25% of the loan amount or Rs. 3,000 whichever is higher, plus applicable taxes.
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 | Rs.200** |
| List Of Documents | Up to Rs.500 |
| Photo Copy Of Documents | Up to Rs.500 |
| PDC Swap | Up to Rs.200 |
| Disbursement Cheque Cancellation Charge Post Disbursement | Up to Rs.200 |
| Re-Appraisal Of Loan After 6 Months From Sanction | Up to Rs.2,000 plus applicable taxes |
| Increase / Decrease In Loan Term | Up to Rs.500 plus applicable taxes |
| Adjustable Rate Loans (ARHL) |
|---|
|
| Fixed Rate Loans (FRHL) |
|---|
|
| Fixed and Variable Rate Loans (Combination rate) | |
|---|---|
| During the Fixed Rate period: | During the Variable Rate period : |
|
|
The prepayment charges as mentioned above are as on date of execution of this loan agreement, however they are subject to change as per prevailing policies of HDFC and accordingly may vary from time to time. Customers are requested to refer to www.hdfc.com for the latest charges applicable on prepayments.
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 / Improvement) |
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 Rs. 50000 plus taxes whichever is lower. |
Switching to Variable Rate Loan from Fixed Rate Loan (Housing / Extension / Improvement |
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 Rs. 50000 plus taxes whichever is lower. |
Switch from Trufixed 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. |
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.
Learn more about Home Loans
Calculators
Get the peace of mind by knowing all the details about your loan
HomeLoan: Home Loan EMI Calculator - HDFC Home Loans
Your loan EMI will be
Property Cost
Existing Loan
Loan from HDFC Home Loans
Total saving in Cash outflow
Existing EMI
Proposed EMI
Saving in EMI
Terms & Conditions
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.
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.
Frequently Asked Questions
You can apply for a Home Loan whilst you are working abroad, to plan for your return to India in the future. You can apply at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced.
A person resident outside India who is a citizen of India or a person outside India who is of Indian origin is an NRI.
The definition of a person resident outside India is defined under section 2(w) of Foreign Exchange Management Act, 1999 is as under:
Person resident outside India means, a person who is not resident in India.
A person shall be deemed to be a person not resident in India in the following cases:
When the person stays in India for less than or up to 182 days during the preceding financial year
When a person who has gone out of India or who stays outside India, in either case
For or on taking up employment outside India, or
For carrying on outside India a business or vocation outside India, or
For any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period
In the event of you relocating back to India, HDFC reassesses the repayment capacity of the applicant(s) based on Resident status and a revised repayment schedule is worked out. The new rate of interest will be as per the prevailing applicable rate of Resident Indian loans (for that specific loan product). This revised rate of interest would be applicable on the outstanding balance being converted. A letter is given to the customer confirming the change of status.
A photocopy of the PIO card or
A photocopy of current passport indicating birthplace as 'India'
A photocopy of Indian passport, if held by the individual earlier
A photocopy of parent’s / grandparent’s Indian passport / birth certificate/ marriage certificate.
You need not be present in India to avail of your Home Loan. In case you are posted aboard at the time of submission of the loan application and disbursement of the loan, you can avail the loan by appointing a Power of Attorney as per HDFC's format. Your Power of Attorney holder can apply and carry out the formalities on your behalf.
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 other things that really matter to you and your family.
- Loans to NRIs, PIOs and OCIs* for transferring your outstanding Home Loan availed from another Bank / Financial Institution in India to HDFC
- Attractive interest rates
- No hidden charges
- Avail of Home Loan Advisory Services in the country where you currently reside
*NRI – Non Resident Indian, PIO – Person of Indian Origin and OCI – Overseas Citizen of India
Interest Rates
For Self Employed Professionals
Retail Prime Lending Rate: 16.85%
| Loan Slab | Home Loan Interest Rates (% p.a.) |
|---|---|
| For Women* (upto 30 Lakhs) | 8.90 to 9.40 |
| For Others* (upto 30 Lakhs) | 8.95 to 9.45 |
| For Women* (30.01 Lakhs to 75 Lakhs ) | 9.05 to 9.55 |
| For Others* (30.01 Lakhs to 75 Lakhs) | 9.10 to 9.60 |
| For Women* ( 75.01 Lakhs & Above) | 9.10 to 9.60 |
| For Others*( 75.01 Lakhs & Above) | 9.15 to 9.65 |
*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: 16.85%
| Loan Slab | Home Loan Interest Rates (% p.a.) |
|---|---|
| For Women* (upto 30 Lakhs) | 9.40 to 9.90 |
| For Others* (upto 30 Lakhs) | 9.45 to 9.95 |
| For Women* (30.01 Lakhs to 75 Lakhs ) | 9.55 to 10.05 |
| For Others* (30.01 Lakhs to 75 Lakhs) | 9.60 to 10.10 |
| For Women* ( 75.01 Lakhs & Above) | 9.60 to 10.10 |
| For Others*( 75.01 Lakhs & Above) | 9.65 to 10.15 |
To read terms & Conditions, Click Here
For Self Employed Non Professionals
Retail Prime Lending Rate: 16.85%
| Loan Slab | Interest Rates (% p.a.) |
|---|---|
| For Women* (upto 30 Lakhs) | 9.05 to 9.55 |
| For Others* (upto 30 Lakhs) | 9.10 to 9.60 |
| For Women* (30.01 Lakhs to 75 Lakhs ) | 9.20 to 9.70 |
| For Others* (30.01 Lakhs to 75 Lakhs) | 9.25 to 9.75 |
| For Women* ( 75.01 Lakhs & Above) | 9.25 to 9.75 |
| For Others*( 75.01 Lakhs & Above) | 9.30 to 9.80 |
*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: 16.85%
| Loan Slab | Interest Rates (% p.a.) |
|---|---|
| For Women* (upto 30 Lakhs) | 9.55 to 10.05 |
| For Others* (upto 30 Lakhs) | 9.60 to 10.10 |
| For Women* (30.01 Lakhs to 75 Lakhs ) | 9.70 to 10.20 |
| For Others* (30.01 Lakhs to 75 Lakhs) | 9.75 to 10.25 |
| For Women* ( 75.01 Lakhs & Above) | 9.75 to 10.25 |
| For Others*( 75.01 Lakhs & Above) | 9.80 to 10.30 |
To read terms & Conditions, Click Here
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
- Doctor
- Lawyer
- Chartered Accountant
- Architect
- Consultant
- Engineer
- Company Secretary, etc.
- Trader
- Commission Agent
- Contractor etc.
What's the maximum funding and the loan payment term?
| Loan Amount | Maximum Funding* |
|---|---|
| Up to and including Rs.30 lacs | 90% of the property cost |
| Rs.30.01 lacs to Rs.75 lacs | 80% of the property cost |
| Above Rs.75 lacs | 75% of the property cost |
*Subject to market value of the property and repayment capacity of the customer, as assessed by HDFC.
You can avail a maximum term of up to 20 years.***
***For certain professionals only.
The tenure of the loan is also dependent on the customer’s risk 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
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:
Select Any One
- Last 3 years’ Income Tax Assessment of the individual as well as the business entity
- Financial Statements (preferably audited) of the business entity for last 3 years
- Details of the ongoing loans of the business entity and the individual along with photocopy of the sanction letter
- Bank statements including NRE / NRO accounts for last 6 months of the individual and business entity
- Credit Bureau Report
- In case business is carried out under Partnership Firm / LLP - Copy of Partnership Deed / Incorporation Documents
- In case business is carried out under Company, the following additional documents need to be submitted: Incorporation certificate; Incorporation documents like Memorandum of Association, Articles of Association; List of Directors and List of Shareholders along with details of shares held by them
- 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)
- Business Profile
- Photocopy of valid resident Visa stamped on the Passport
- 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.’ in Indian Rupees
The following is an indicative list of fees / other charges / outgoings that are payable depending on the nature of the loan availed (*):
Processing Fees
For Self-Employed Professionals:
Up to 1.25% of the loan amount or Rs. 3,000 whichever is higher, plus applicable taxes.
For Self-Employed Non-Professionals:
Up to 1.25% of the loan amount or Rs. 4,500 whichever is higher, plus applicable taxes.
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 | Rs.200** |
| List Of Documents | Up to Rs.500 |
| Photo Copy Of Documents | Up to Rs.500 |
| PDC Swap | Up to Rs.200 |
| Disbursement Cheque Cancellation Charge Post Disbursement | Up to Rs.200 |
| Re-Appraisal Of Loan After 6 Months From Sanction | Up to Rs.2,000 plus applicable taxes |
| Increase / Decrease In Loan Term |
Up to Rs.500 plus applicable taxes |
| Adjustable Rate Loans (ARHL) |
|---|
|
| Fixed Rate Loans (FRHL) |
|---|
|
| Fixed and Variable Rate Loans (Combination rate) | |
|---|---|
| During the Fixed Rate period: | During the Variable Rate period : |
|
|
The prepayment charges as mentioned above are as on date of execution of this loan agreement, however they are subject to change as per prevailing policies of HDFC and accordingly may vary from time to time. Customers are requested to refer to www.hdfc.com for the latest charges applicable on prepayments.
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 / Improvement) |
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 Rs. 50000 plus taxes whichever is lower. |
Switching to Variable Rate Loan from Fixed Rate Loan (Housing / Extension / Improvement |
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 Rs. 50000 plus taxes whichever is lower. |
Switch from Trufixed 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. |
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.
Learn more about Home Loans
Terms & Conditions
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.
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.
Frequently Asked Questions
You can apply for a Home Loan whilst you are working abroad, to plan for your return to India in the future. You can apply at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced.
A person resident outside India who is a citizen of India or a person outside India who is of Indian origin is an NRI.
The definition of a person resident outside India is defined under section 2(w) of Foreign Exchange Management Act, 1999 is as under:
Person resident outside India means, a person who is not resident in India.
A person shall be deemed to be a person not resident in India in the following cases:
When the person stays in India for less than or up to 182 days during the preceding financial year
When a person who has gone out of India or who stays outside India, in either case
For or on taking up employment outside India, or
For carrying on outside India a business or vocation outside India, or
For any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period
In the event of you relocating back to India, HDFC reassesses the repayment capacity of the applicant(s) based on Resident status and a revised repayment schedule is worked out. The new rate of interest will be as per the prevailing applicable rate of Resident Indian loans (for that specific loan product). This revised rate of interest would be applicable on the outstanding balance being converted. A letter is given to the customer confirming the change of status.
A photocopy of the PIO card or
A photocopy of current passport indicating birthplace as 'India'
A photocopy of Indian passport, if held by the individual earlier
A photocopy of parent’s / grandparent’s Indian passport / birth certificate/ marriage certificate.
You need not be present in India to avail of your Home Loan. In case you are posted aboard at the time of submission of the loan application and disbursement of the loan, you can avail the loan by appointing a Power of Attorney as per HDFC's format. Your Power of Attorney holder can apply and carry out the formalities on your behalf.