Home Loan for NRIs in Other Locations

At HDFC we understand that no matter where you are the heart will always yearn for 'home'. Your work might have taken you abroad but we know you have always had the dream of a home, back in India. With HDFC Home Loans create your space in India.

NRI Home Loan Key Features

  • Loans to NRIs, PIOs and OCIs* for the purchase of a flat, row house, bungalow from private developers in approved projects in India
  • Loans for the purchase of properties from Development Authorities such as DDA, MHADA etc.
  • Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority in India
  • Loans for purchase of property in an existing Co-operative Housing Society or Apartment Owner's Association or Development Authority settlements or privately built up homes in India
  • Attractive interest rates
  • Property Search Advisory Services - expert legal and technical counselling to help you make the right home buying decision
  • Valuable insights on developer projects, location, documentation and offerings
  • Loans also available for those employed in the Merchant Navy
  • Loan for purchase of property located anywhere in India**

*NRI – Non Resident Indian, PIO – Person of Indian Origin and OCI – Overseas Citizen of India
**Where HDFC has an office

NRI Home Loan Interest Rates

SPECIAL 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)6.75 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 are applicable for loans under the Adjustable Rate Home Loan Scheme of Housing Development Finance Corporation Limited (HDFC) and are subject to change at the time of disbursement. The Home Loan interest rates above are linked to HDFC's Bench Mark Rate ("RPLR") and are variable through out the tenor of the loan. All loans are at the sole discretion of HDFC Ltd. For further details regarding the loan slabs and interest rates above Click Here

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

NRI Home Loan Details

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

Who can Apply?

Primary Applicant
  • AGE

    18-65 years

  • PROFESSION

    Salaried / Self Employed

  • NATIONALITY

    NRI

  • 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 Amount Maximum Funding*
Up to and including ₹30 lacs 90% of the property cost
₹30.01 lacs to ₹75 lacs 80% 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.

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.

 

NRI Home Loan 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

Mandatory for NRI Customers
Apply Now!

For the complete list of KYC documents click here.

  • Pan Card
  • 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)

For New Homes:

  • Copy of the Allotment Letter / Buyer Agreement
  • Receipt/(s) of payment/(s) made to the developer

 

For Resale Homes:

  • Title Deeds including the previous chain of the property documents
  • Receipt/(s) of initial payment/(s) made to the seller
  • Copy of the agreement to sell (if already executed)

 

For Construction:

  • Title Deeds of the Plot
  • Proof of no encumbrances on the property
  • Copy of the plans, approved by the Local Authorities
  • Construction estimate by an Architect / Civil engineer

 

  • 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 ₹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  ₹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
A. Adjustable Rate Loans (ARHL)

and

Combination Rate Home Loan (“CRHL”)
during the period of applicability of the
Variable Rate of interest
For any loan sanctioned to individual borrowers with or without co-obligants on a floating rate , 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 purpose.

The following loans shall qualify 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.

For Part prepayment of loans sanctioned for business purpose

i. In case the loan is prepaid within the first six (6) months from the date of first disbursement, Prepayment Charges shall be levied at a rate of 2 % plus applicable taxes / statutory levies,of the amounts being so prepaid;

ii. Upon the expiry of the first six (6) months and up till 36 months from the date of first disbursement, the borrower shall have the option to prepay up to 25% of the opening principal amount every financial year, of the loan, without any prepayment charges. Such prepayments would need to be made from the own sources* of the Borrower Any amounts prepaid in excess of the 25% threshold shall attract prepayment charges at 2% of the amounts being so prepaid in excess of 25% every financial year.

Upon the expiry of 36 months from the date of first disbursement, no prepayment charges will be applicable if the loan is prepaid from own sources. However, should the loan be prepaid through refinance the borrower shall be liable to pay prepayment charges.

a) 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 pre-payment of the loan.

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

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. Borrowers are requested to refer to www.hdfc.com for the latest charges applicable on prepayments.
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 disbursed with or without co-obligants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies, of the outstanding amounts being so prepaid through refinance from any Bank/HFC/NBFC or Financial Institution (such amounts shall include all amounts prepaid during the given financial year) and not through own sources* and shall be applicable to all partial or full prepayments.

For Part prepayment

i. In case the loan is prepaid within the first six (6) months from the date of first disbursement, Prepayment Charges shall be levied at a rate of 2 % plus applicable taxes / statutory levies, of the amounts being so prepaid;

ii. Upon the expiry of the first six (6) months and up till 36 months, the borrower shall have the option to prepay up to 25% of the opening principal amount every financial year, of the loan, without any prepayment charges. Such prepayments would need to be made from the own sources of the Borrower

Any amounts prepaid in excess of the 25% threshold shall attract prepayment charges at 2% of the amounts being so prepaid in excess of 25% every financial year.

Upon the expiry of 36 months, no prepayment charges will be applicable if the loan is prepaid from own sources. However, should the loan be prepaid through refinance the borrower shall be liable to pay prepayment charges.

a) 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 pre-payment of the loan.

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

The quantification and applicability of prepayment charges as mentioned above are prevalent as on date, and may be subject to periodical review/ change as per the policies of HDFC. Accordingly the same may vary from time to time or on the date of actual application. Borrowers are requested to keep themselves updated by refering 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 / 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.

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.

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 ₹761 per lac and interest rates starting from 6.75%* 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
19,009
25,00,000
20,62,183
45,62,183

Home Loan Amortization Schedule

YearOpening BalanceEMI*12Interest paid yearlyPrincipal paid yearlyClosing Balance
125,00,0002,28,1091,66,87961,23124,38,769
224,38,7692,28,1091,62,61565,49423,73,276
323,73,2762,28,1091,58,05570,05423,03,222
423,03,2222,28,1091,53,17774,93222,28,290
522,28,2902,28,1091,47,96080,14921,48,141
621,48,1412,28,1091,42,37985,73020,62,411
720,62,4112,28,1091,36,41091,69919,70,712
819,70,7122,28,1091,30,02598,08418,72,628
918,72,6282,28,1091,23,1961,04,91317,67,715
1017,67,7152,28,1091,15,8911,12,21816,55,497
1116,55,4972,28,1091,08,0781,20,03115,35,466
1215,35,4662,28,10999,7201,28,38914,07,077
1314,07,0772,28,10990,7811,37,32812,69,748
1412,69,7482,28,10981,2191,46,89011,22,858
1511,22,8582,28,10970,9911,57,1189,65,740
169,65,7402,28,10960,0511,68,0587,97,682
177,97,6822,28,10948,3501,79,7596,17,922
186,17,9222,28,10935,8341,92,2764,25,647
194,25,6472,28,10922,4462,05,6632,19,983
202,19,9832,28,1098,1262,19,9830

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

Who is an NRI?

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

When can I make a home loan application?

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.

How is my loan reassessed if there is a change in status from non-resident indian to resident indian?

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.

What documents would be required to prove my PIO eligibility?

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.

Do i need to be physically present to avail a loan?

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.

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.

Key Benefits & Features

Your work might have taken you abroad but the yearning for the homeland remains unabated. With HDFC Home Loans turning your dream home in India, into a reality, is convenient and easy.

NRI Home Loan Key Features

  • Loans to NRIs, PIOs and OCIs* for the purchase of a flat, row house, bungalow from private developers in approved projects in India
  • Loans for the purchase of properties from Development Authorities such as DDA, MHADA etc.
  • Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority in India
  • Loans for purchase of property in an existing Co-operative Housing Society or Apartment Owner's Association or Development Authority settlements or privately built up homes in India
  • Attractive interest rates
  • Innovative Home Loan schemes
  • Property Search Advisory Services - expert legal and technical counselling to help you make the right home buying decision
  • Valuable insights on developer projects, location, documentation and offerings
  • Loan for purchase of property located anywhere in India**

*NRI – Non Resident Indian, PIO – Person of Indian Origin and OCI – Overseas Citizen of India
**Where HDFC has an office

NRI Home Loan Interest Rates

For Self Employed Professionals

SPECIAL 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)6.75 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 Adjustable 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 are applicable for loans under the Adjustable Rate Home Loan Scheme of Housing Development Finance Corporation Limited (HDFC) and are subject to change at the time of disbursement. The Home Loan interest rates above are linked to HDFC's Bench Mark Rate ("RPLR") and are variable through out the tenor of the loan. All loans are at the sole discretion of HDFC Ltd. For further details regarding the loan slabs and interest rates above Click Here

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

Adjustable Rate Home Loans

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 SlabInterest 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 are applicable for loans under the Adjustable Rate Home Loan Scheme of Housing Development Finance Corporation Limited (HDFC) and are subject to change at the time of disbursement. The Home Loan interest rates above are linked to HDFC's Bench Mark Rate ("RPLR") and are variable through out the tenor of the loan. All loans are at the sole discretion of HDFC Ltd. For further details regarding the loan slabs and interest rates above Click Here

TruFixed Loan – 2 Year Fixed Rate Variant

Retail Prime Lending Rate: 16.05%

Loan SlabInterest 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

NRI Home 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 LOAN

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

Loan AmountMaximum Funding*
Up to and including ₹30 lacs90% 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.

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.

NRI Home Loan 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

Mandatory for NRI Customers
Apply Now!

For the complete list of KYC documents click here.

  • Pan Card
  • 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

For New Homes:

  • Copy of the Allotment Letter / Buyer Agreement
  • Receipt/(s) of payment/(s) made to the developer

 

For Resale Homes:

  • Receipt/(s) of initial payment/(s) made to the seller
  • Copy of the agreement to sell (if already executed)

 

For Construction:

  • Proof of no encumbrances on the property
  • Copy of the plans, approved by the Local Authorities
  • Construction estimate by an Architect / Civil engineer
  • 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 ₹3,000 whichever is higher, plus applicable taxes.

For Self-Employed Non-Professionals:
Up to 1.25% of the loan amount or ₹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  ₹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
A. Adjustable Rate Loans (ARHL)

and

Combination Rate Home Loan (“CRHL”)
during the period of applicability of the
Variable Rate of interest
For any loan sanctioned to individual borrowers with or without co-obligants on a floating rate , 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 purpose.

The following loans shall qualify 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.

For Part prepayment of loans sanctioned for business purpose

i. In case the loan is prepaid within the first six (6) months from the date of first disbursement, Prepayment Charges shall be levied at a rate of 2 % plus applicable taxes / statutory levies,of the amounts being so prepaid;

ii. Upon the expiry of the first six (6) months and up till 36 months from the date of first disbursement, the borrower shall have the option to prepay up to 25% of the opening principal amount every financial year, of the loan, without any prepayment charges. Such prepayments would need to be made from the own sources* of the Borrower Any amounts prepaid in excess of the 25% threshold shall attract prepayment charges at 2% of the amounts being so prepaid in excess of 25% every financial year.

Upon the expiry of 36 months from the date of first disbursement, no prepayment charges will be applicable if the loan is prepaid from own sources. However, should the loan be prepaid through refinance the borrower shall be liable to pay prepayment charges.

a) 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 pre-payment of the loan.

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

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. Borrowers are requested to refer to www.hdfc.com for the latest charges applicable on prepayments.
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 disbursed with or without co-obligants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies, of the outstanding amounts being so prepaid through refinance from any Bank/HFC/NBFC or Financial Institution (such amounts shall include all amounts prepaid during the given financial year) and not through own sources* and shall be applicable to all partial or full prepayments.

For Part prepayment

i. In case the loan is prepaid within the first six (6) months from the date of first disbursement, Prepayment Charges shall be levied at a rate of 2 % plus applicable taxes / statutory levies, of the amounts being so prepaid;

ii. Upon the expiry of the first six (6) months and up till 36 months, the borrower shall have the option to prepay up to 25% of the opening principal amount every financial year, of the loan, without any prepayment charges. Such prepayments would need to be made from the own sources of the Borrower

Any amounts prepaid in excess of the 25% threshold shall attract prepayment charges at 2% of the amounts being so prepaid in excess of 25% every financial year.

Upon the expiry of 36 months, no prepayment charges will be applicable if the loan is prepaid from own sources. However, should the loan be prepaid through refinance the borrower shall be liable to pay prepayment charges.

a) 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 pre-payment of the loan.

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

The quantification and applicability of prepayment charges as mentioned above are prevalent as on date, and may be subject to periodical review/ change as per the policies of HDFC. Accordingly the same may vary from time to time or on the date of actual application. Borrowers are requested to keep themselves updated by refering 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 / 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.

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.

Frequently Asked Questions

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

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.

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.

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.