Key Benefits & Features

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

  • 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 Delhi Development Authority, Maharashtra Housing and Area Development Authority, etc

  • Avail of Home Loan Advisory Services in the United Kingdom for properties located in India

  • Property Search Advisory Services

  • Loan for purchase of property located anywhere in India

  • Information on developer projects, location, documentation and offerings

  • Loan for purchase of property located anywhere in India

  • 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

 
  1. A loan of Rs. 100000 payable over 15 years on a variable rate for 15 years at 8.70% would require 180 payments of Rs. 997 per month. The total amount payable would be Rs.179460 made up of loan amount of Rs. 100000 plus interest of Rs. 79460. The overall cost for comparison is 8.70% APRC representative.
  2. In addition to the above the processing fees shall be paid by the customer.
  3. The details of processing fees are as mentioned under Fees and Charges.
    Please note that this example is just indicative in nature. The interest rates/Equated Monthly Installments are variable in nature and linked to HDFC's Retail Prime Lending Rate and shall fluctuate according to the movement in the same. All payments are to be made in India in Indian currency. All lending by HDFC is done solely in India for properties located in India.

For Salaried

Retail Prime Lending Rate: 16.75%

Loan Slab Home Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs) 8.80 to 9.30
For Others* (upto 30 Lakhs) 8.85 to 9.35
For Women* (30.01 Lakhs to 75 Lakhs)8.95 to 9.45
For Others* (30.01 Lakhs to 75 Lakhs)9.00 to 9.50
For Women* ( 75.01 Lakhs & Above)9.00 to 9.50
For Others*( 75.01 Lakhs & Above)9.05 to 9.55

*The above Home Loan interest rates / Equated Monthly Installment 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 linked to HDFC's Retail Prime Lending Rate and shall fluctuate according to the movement in the same. All loans at the sole discretion of HDFC Ltd.

TruFixed Loan – 2 Year Fixed Rate Variant

Retail Prime Lending Rate: 16.75%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)9.30 to 9.80
For Others* (upto 30 Lakhs)9.35 to 9.85
For Women* (30.01 Lakhs to 75 Lakhs)9.45 to 9.95
For Others* (30.01 Lakhs to 75 Lakhs)9.50 to 10.00
For Women* ( 75.01 Lakhs & Above)9.50 to 10.00
For Others*( 75.01 Lakhs & Above)9.55 to 10.05

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. However, all co-applicants need not be co-owners. Co-applicants can be family members only. An NRI/OCI/PIO above the age of 18 years upto 60 years who is of sound mind and is not disqualified from contracting by any law can apply for home loan. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON THE LOAN/S AVAILED FROM HDFC AGAINST IT.

Who can Apply?

Primary Applicant
  • AGE

    18-60 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-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.
CHANGES IN THE EXCHANGE RATE MAY INCREASE/DECREASE THE STERLING EQUIVALENT OF YOUR DEBT.

 

You can avail a maximum term of up to 20 years.***
***For certain professionals only. The professionals may include but are not limited to Doctors, Lawyers, Chartered Accountants, and Architects.

The tenure of the loan is dependent on the customer’s profile, the customer's age on maturity of the loan, the property's age on maturity of the loan, the specific repayment scheme chosen 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

Mandatory for NRI Customers
Apply Now!

For the complete list of KYC documents click here.

  • 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

  • Last year’s P60 plus transfer letter (as the case may be)

  • Photocopy of last 6 months’ Bank Statements, showing salary credits

  • Photocopy of last 6 months’ Bank Statements of the NRE / NRO account in India

  • Consumer Credit Check Report from www.experian.co.uk or www.equifax.co.uk

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
  • 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

  • Full 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)
  • For all loans sanctioned only to individual borrowers, no prepayment charges shall be payable on account of part or full prepayments.
  • For loans sanctioned to Individual borrowers with company, firm, etc. as a co-applicant Prepayment charges at a rate of 2% plus taxes and statutory levies and charges, as may be applicable from time to time, of the amount being prepaid are payable.
  • The customer 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.

 

Fixed Rate Loans (FRHL)
  • No prepayment charges shall be payable for partial or full payments made from own sources. The expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.
  • The customer will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds.
  • The prepayment charge shall be 2%, plus taxes and statutory levies and charges , as may be applicable from time to time , 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 shall be applicable to all partial or full prepayments.

 

Fixed and Variable Rate Loans (Combination rate)
During the Fixed Rate period: During the Variable Rate period :
  • For all loans sanctioned, the prepayment charge shall be 2%, plus applicable taxes and statutory levies and charges, as may be applicable from time to time, 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 shall be applicable to all partial or full prepayments.
     
  • The customer 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.
  • For all loans sanctioned only to individual borrowers, no prepayment charges shall be payable on account of part or full prepayments.
     
  • For all loans sanctioned to Individual borrowers with company, firm, etc as a co-applicant , prepayment charges at a rate of 2% plus Taxes and Statutory levies and charges, as may be applicable from time to time, of the amount being prepaid are payable.

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 a property under construction, you are generally required to service only the interest on the loan amount drawn until the final disbursement of the loan and pay Equated Monthly Installments thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying Equated Monthly Installments on the cumulative amounts disbursed. For more information get in touch with our HDFC office in London.

Calculators

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

Rs.
Rs. 1 Lac Rs. 10 Cr
1 30
0 15
Rs. 25,64,000
Rs. 25,64,000
Rs. 25,64,000
Rs. 25,64,000

What is Home Loan EMI?

EMI stands for Equated Monthly Installment. It includes repayment of the principal amount and payment of the interest on the outstanding amount of your home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing the EMI.

HDFC’s home loan EMI calculator also gives an approximate figure for the total monthly installment payments.

HDFC’s EMI calculators give a fair understanding about the ratio of the principal amount to the interest due, based on the effect of the tenure and interest rates. EMI calculator also provides an amortization table elucidating the repayment schedule. HDFC’s home loan calculator provides a complete break-up of the interest and principal amount.

How does EMI calculation help in planning the home purchase?

HDFC’s Home Loan EMI calculator gives a clear understanding of the amount that needs to be paid towards the EMIs and helps make an informed decision about the outflow towards the housing loan every month. This helps estimate the loan amount that can be availed and helps in assessing the own contribution requirements and cost of the property. Therefore knowing the EMI is crucial for calculation of home loan eligibility and planning your home buying journey better.

How to use HDFC’s EMI Calculator?

All you need to do is input the following to arrive at your EMI:

  • Loan Amount: Input the desired loan amount that you wish to avail
  • Loan Tenure (In Years): Input the desired loan term for which you wish to avail the housing loan. A longer tenure helps in enhancing the eligibility
  • Interest Rate (% P.A.): Input interest rate.

Click here to know the prevailing interest rates.

HDFC offers various repayment plans for maximizing home loan eligibility to suit diverse needs.

  • 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.

Estimate EMIs of your housing loan by using our feature rich EMI calculator, now!

After getting an estimate of EMI using the calculator, you can apply for a home loan online from the comfort of your living room easily with Online Home Loans by HDFC.

To apply for a home loan online, click Apply Online

In case you would like us to get in touch with you, kindly leave your details with us. HDFC also offers a facility of a pre-approved home loan even before you have identified your dream home.

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

Your Loan eligibility

Rs.

Looking for more funding/ need some help?

Chat with us

Your loan EMI will be

Rs. /monthly

These calculators are provided only as general self-help Planning Tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances.
NRI should input net income.

How is Home Loan eligibility calculated?

Housing loan eligibility is primarily dependent on the income and repayment capacity of the individual(s).There are other factors that determine the eligibility of home loans such as age, financial position, credit history, credit score, other financial obligations etc.

How to enhance Home Loan eligibility?

The eligibility for home loans can be enhanced by

  • Adding an earning family member as co-applicant.
  • Availing a structured repayment plan.
  • Ensuring a steady income flow, regular savings and investments.
  • Furnishing details of your regular additional income sources.
  • Keeping a record of your variable salary components.
  • Taking actions to rectify errors (if any) in your credit score.
  • Repaying ongoing loans and short terms debts

How to use HDFC’s Eligibility Calculator?

HDFC’s Eligibility Calculator facilitates checking eligibility for housing loans online.

  • Gross Income (Monthly) in Rs : Input gross monthly income. NRI should input net income.
  • Loan Tenure (In Years): Input the desired loan term for which you wish to avail the loan. A longer tenure helps in enhancing the eligibility.
  • Interest Rate (% P.A.): Input HDFC’s prevailing housing loan interest rate. Click here to know the prevailing interest rates
  • Other EMIs (Monthly): Input the EMIs of the other loans you may have

Once you get an indication of your eligibility and EMI amount by using the calculator, you can apply for a home loan online from the comfort of your living room easily with Online Home Loans by HDFC.

Home Loan eligibility is calculated based on various factors like

  1. Present Age and Remaining Working Years: The age of the applicant plays a major role in determining home loan eligibility. The maximum loan term is generally capped at 30 years.
  2. Financial Position: The present and the future income of applicant(s) has a significant impact on determining the loan amount.
  3. Past and Present Credit History and Credit Score: A clean repayment record is considered positive.
  4. Other Financial Obligations: Existing liabilities such as a car loan, credit card debt, etc.

To apply for a home loan online, click

In case you would like us to get in touch with you, kindly leave your details with us. HDFC also offers a facility of a pre-approved home loan even before you have identified your dream home.Home Loan Blog

These calculators are provided only as general self-help Planning Tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances.

  • When you apply for a home loan, your eligibility is primarily dependant on your income and repayment capacity.
  • There are also some other factors that will determine your home loan eligibility –
    • Your age, financial position, credit history, credit score, other financial liabilities etc.
  • You can enhance your eligibility for a home loan by –
    • Adding an earning family member as co-applicant.
    • Availing a structured repayment plan.
    • Ensuring a steady income flow, regular savings and investments.
    • Furnishing details of your regular additional income sources.
    • Keeping a record of your variable salary components.
    • Taking actions to rectify errors (if any) in your credit score.
    • Repaying ongoing loans and short terms debts.
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.

Looking for more funding/ need some help?

Chat with us

Property Cost

Rs.

These calculators are provided only as general self-help Planning Tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances.
NRI should input net income.

  • It gives you a clear understanding of your finances - both your home loan eligibility and the amount you can arrange from your own sources thus helping you fix a budget for your home purchase.
  • You can focus your search on affordable properties without wasting time and effort in considering unreasonable deals.
  • It helps you project yourself an an informed, serious and well-prepared home buyer, giving you better bargaining power with the developer or property seller.

From

Centimeter
  • Centimeter
  • Foot
  • Meters
  • Furlong
  • Mile
  • Link
  • Inch
  • Yard
  • Kilometer
  • Chain
  • Nautical Mile

To

Centimeter
  • Centimeter
  • Foot
  • Meters
  • Furlong
  • Mile
  • Link
  • Inch
  • Yard
  • Kilometer
  • Chain
  • Nautical Mile

These calculators are provided only as general self-help Planning Tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances.

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.

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
  • The loans are subject to repayment capacity of the Borrower.
  • CHANGES IN THE EXCHANGE RATE MAY INCREASE/DECREASE THE STERLING EQUIVALENT OF YOUR DEBT.
  • YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON THE LOAN/S AVAILED FROM HDFC AGAINST IT.

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 may remain unabated. With HDFC Home Loans turning your dream home in India, into a reality, is designed to be convenient and easy.

  • 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

  • Avail of Home Loan Advisory Services in the United Kingdom for properties located in India

  • Property Search Advisory Services

  • Advise 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

Interest Rates

 
  1. A loan of Rs. 100000 payable over 15 years on a variable rate for 15 years at 8.70% would require 180 payments of Rs. 997 per month. The total amount payable would be Rs.179460 made up of loan amount of Rs. 100000 plus interest of Rs. 79460. The overall cost for comparison is 8.70% APRC representative.
  2. In addition to the above the processing fees shall be paid by the customer.
  3. The details of processing fees are as mentioned under Fees and Charges.
    Please note that this example is just indicative in nature. The interest rates/Equated Monthly Installments are variable in nature and linked to HDFC's Retail Prime Lending Rate and shall fluctuate according to the movement in the same. All payments are to be made in India in Indian currency. All lending by HDFC is done solely in India for properties located in India.

For Self Employed Professionals

Retail Prime Lending Rate: 16.75%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs) 8.80 to 9.30
For Others* (upto 30 Lakhs)8.85 to 9.35
For Women* (30.01 Lakhs to 75 Lakhs)8.95 to 9.45
For Others* (30.01 Lakhs to 75 Lakhs)9.00 to 9.50
For Women* ( 75.01 Lakhs & Above)9.00 to 9.50
For Others*( 75.01 Lakhs & Above)9.05 to 9.55

*The above Home Loan interest rates / Equated Monthly Installment 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 linked to HDFC's Retail Prime Lending Rate and shall fluctuate according to the movement in the same. All loans at the sole discretion of HDFC Ltd.

TruFixed Loan – 2 Year Fixed Rate Variant

Retail Prime Lending Rate: 16.75%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)9.30 to 9.80
For Others* (upto 30 Lakhs)9.35 to 9.85
For Women* (30.01 Lakhs to 75 Lakhs)9.45 to 9.95
For Others* (30.01 Lakhs to 75 Lakhs)9.50 to 10.00
For Women* ( 75.01 Lakhs & Above)9.50 to 10.00
For Others*( 75.01 Lakhs & Above)9.55 to 10.05

To read terms & Conditions, Click Here

For Self Employed Non Professionals

Retail Prime Lending Rate: 16.75%

Loan SlabInterest Rates (% p.a.)
For Women* (upto 30 Lakhs)8.95 to 9.45
For Others* (upto 30 Lakhs)9.00 to 9.50
For Women* (30.01 Lakhs to 75 Lakhs)9.10 to 9.60
For Others* (30.01 Lakhs to 75 Lakhs)9.15 to 9.65
For Women* ( 75.01 Lakhs & Above)9.15 to 9.65
For Others*( 75.01 Lakhs & Above)9.20 to 9.70

*The above Home Loan interest rates / Equated Monthly Installment 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 linked to HDFC's Retail Prime Lending Rate and shall fluctuate according to the movement in the same. All loans at the sole discretion of HDFC Ltd.

TruFixed Loan – 2 Year Fixed Rate Variant

Retail Prime Lending Rate: 16.75%

Loan SlabInterest Rates (% p.a.)
For Women* (upto 30 Lakhs)9.45 to 9.95
For Others* (upto 30 Lakhs)9.50 to 10.00
For Women* (30.01 Lakhs to 75 Lakhs)9.60 to 10.10
For Others* (30.01 Lakhs to 75 Lakhs)9.65 to 10.15
For Women* ( 75.01 Lakhs & Above)9.65 to 10.15
For Others*( 75.01 Lakhs & Above)9.70 to 10.20

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. However, all co-applicants need not be co-owners. Co-applicants can be family members only.An NRI/OCI/PIO above the age of 18 years upto 60 years who is of sound mind and is not disqualified from contracting by any law can apply for home loan. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON THE LOAN/S AVAILED FROM HDFC AGAINST IT.

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 Rs.30 lacs90% of the property cost
Rs.30.01 lacs to Rs.75 lacs80% of the property cost
Above Rs.75 lacs75% of the property cost

*Subject to market value of the property and repayment capacity of the customer, as assessed by HDFC.
CHANGES IN THE EXCHANGE RATE MAY INCREASE/DECREASE THE STERLING EQUIVALENT OF YOUR DEBT.

You can avail a maximum term of up to 20 years.***
***For certain professionals only. The professionals may include but are not limited to Doctors, Lawyers, Chartered Accountants, and Architects.

The tenure of the loan is dependent on the customer’s profile, the customer's age on maturity of the loan, the property's age on maturity of the loan, the specific repayment scheme chosen 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

Mandatory for NRI Customers
Apply Now!

For the complete list of KYC documents click here.

  • 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 Sheets and Profit & Loss A/c Statements, with Annexures / Schedules (of both the individual and the business entity and attested by a CA)

  • Last year’s Current A/c Statements of the business entity and 6 months’ statements of the individual of his NRE / NRO account in India

  • Consumer Credit Check Report from www.experian.co.uk or www.equifax.co.uk

  • Last 6 months' Invoices

  • Current valid contract copy

  • UK Company's Bank account statements for the last 6 months

  • Personal Bank account statements for the last 6 months (Current, Savings & NRE / NRO)

  • Savings Proof - Saver account, ISA, Fixed Deposits, Demat account statement etc.

  • Consumer Credit Check Report from www.experian.co.uk or www.equifax.co.uk

  • Memorandum and Articles of Association

  • Educational Qualification certificates

  • Latest CV

  • Company's Registration certificate

  • Previous Employer's relieving letter and P45

  • 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 Sheets and Profit & Loss A/c Statements, with Annexures / Schedules (of both the individual and the business entity and attested by a CA)

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
  • 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
  • Details of the ongoing loans of the business entity and the individual along with photocopy of the sanction letter

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)
  • For all loans sanctioned only to individual borrowers, no prepayment charges shall be payable on account of part or full prepayments.
  • For loans sanctioned to Individual borrowers with company, firm, etc. as a co-applicant Prepayment charges at a rate of 2% plus taxes and statutory levies and charges, as may be applicable from time to time, of the amount being prepaid are payable.
  • The customer 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.

 

Fixed Rate Loans (FRHL)
  • No prepayment charges shall be payable for partial or full payments made from own sources. The expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.
  • The customer will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds.
  • The prepayment charge shall be 2%, plus taxes and statutory levies and charges , as may be applicable from time to time , 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 shall be applicable to all partial or full prepayments.

 

Fixed and Variable Rate Loans (Combination rate)
During the Fixed Rate period: During the Variable Rate period :
  • For all loans sanctioned, the prepayment charge shall be 2%, plus applicable taxes and statutory levies and charges, as may be applicable from time to time, 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 shall be applicable to all partial or full prepayments.
     
  • The customer 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.
  • For all loans sanctioned only to individual borrowers, no prepayment charges shall be payable on account of part or full prepayments.
     
  • For all loans sanctioned to Individual borrowers with company, firm, etc as a co-applicant , prepayment charges at a rate of 2% plus Taxes and Statutory levies and charges, as may be applicable from time to time, of the amount being prepaid are payable.

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 a property under construction, you are generally required to service only the interest on the loan amount drawn until the final disbursement of the loan and pay Equated Monthly Installments thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying Equated Monthly Installments on the cumulative amounts disbursed. For more information get in touch with our HDFC office in London.

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.

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
  • The loans are subject to repayment capacity of the Borrower.
  • CHANGES IN THE EXCHANGE RATE MAY INCREASE/DECREASE THE STERLING EQUIVALENT OF YOUR DEBT.
  • YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON THE LOAN/S AVAILED FROM HDFC AGAINST IT.

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