What is a Home Extension Loan ?

It is a loan to extend or add living space to your home such as additional rooms and floors etc.

Who can avail a Home Extension Loan ?

Any person who wishes to add space to their existing Apartment/Floor/Row house can avail a Home Extension Loan from HDFC. Existing home loan customers can also avail a Home Extension Loan.

What is the maximum term for which I can avail a Home Extension Loan ?

You can avail a Home Extension Loan for a maximum term of 20 years or till your age of retirement ,whichever is lower.

Are the interest rates of a Home Extension Loan higher than that of a Home Loan ?

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

Do I get Tax Benefit for a Home Extension Loan?

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

What is the security that I will have to provide for a Home Extension Loan ?

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

In how many installments is a Home Extension Loan disbursed ?

HDFC will disburse your Home Extension Loan in installments based on the progress of construction/renovation as assessed by HDFC.

What are the documents required for a Home Extension Loan ?

You can find a checklist regarding documents required and applicable fees & charges on https://www.hdfc.com/checklist#documents-charges

Home Extension Loans

Over the years as you create your own space in life, your family and its needs also grow. A growing family requires an extended house to comfortably accommodate all its requirements. With HDFC Bank’s Home Extension Loans you can now add more space to your home ensuring that all your family needs have an extra room for expression.

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Home Extension Loan EMI Calculator

Loan Amount

₹

₹1 Lac ₹10 Cr

Tenure (Years)

1 30

Interest Rate (% P.A.)

0.5 15

Monthly Home Extension Loan EMI

₹18,170

Principal Amount

₹25,00,000

Interest Amount

₹40,41,249

Total Amount Payable

₹65,41,249

Rates & Offers
Calculators
Documents
Fees & Charges
Rates offered to Customer
(Past Quarter)
FAQ & More

Benefits & Features
FAQs
Terms and Conditions

Interest Rates

All rates are benchmarked to Policy Repo Rate. Current applicable Repo Rate = 5.50%

Special Housing Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab	Interest Rates (% p.a.)
For All Loans*	Policy Repo Rate + 2.40% to 7.70%= 7.90% to 13.20%

Calculators

Get an estimate of your loan from HDFC Bank with super ease.

Documents

For loan approval, you need to submit the following documents for applicant / all co-applicants along with the completed and signed loan application form.

A	Sr.No.	Mandatory Documents
	1	PAN Card or Form 60 (If the customer does not have a PAN Card)
B	Sr.No.	Description of Officially Valid Documents (OVD) that can be accepted for establishing the legal name & current address of Individuals*[Any one of the following documents can be submitted]	Identity Proof	Address Proof
	1	Passport, the validity of which has not expired.
	2	Driving license which has not expired.
	3	Election /Voters identification card
	4	Job card issued by NREGA duly signed by the officer of the State Government
	5	Letter issued by the National Population Register containing details of name, address.
	6	Proof of possession of Aadhaar Number (to be obtained voluntarily)

A document mentioned above shall be deemed to be an OVD even if there is a change in the name subsequent to issuance provided it is supported by a marriage certificate issued by State Government or Gazette notification, indicating such a change of name.

Document	Salaried	Self Employed Professional	Self Employed Non Professional
Last 3 months' Salary Slips
Last 6 months' Bank Statements, showing salary credits
Latest Form-16 and IT returns
Income Tax Returns along with computation of income for at least the last 2 Assessment Years (of both the individual and the business entity and attested by a CA)
At least the last 2 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules (of both the individual and the business entity and attested by a CA)
Last 12 months' Current A/c Statements of the business entity and Savings Account Statements of the individual

Document	Salaried	Self Employed Professional	Self Employed Non Professional
Title Deed 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

Document	Salaried	Self Employed Professional	Self Employed Non Professional
Own Contribution Proof
Employment Contract / Appointment Letter in case current employment is less than year old
Last 6 months' Bank Statements showing repayment of any ongoing loans
Passport size photograph of all the applicants / co-applicants to be affixed on the Application form and signed across.
Cheque for processing fee favouring HDFC Bank.
Business Profile
Latest Form 26 AS
List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company
Memorandum and Articles of Association of the Company
Partnership deed in case of the business entity being a partnership firm
Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.

*All documents to be self-attested. The above list is indicative in nature and additional documents can be asked for.

Housing Charges

Processing Fees & Charges

Processing Fees & Charges
Fees for Resident Housing Loan/ Extension/ House Renovation Loan/ Refinance of Housing Loan/ Plot Loans for Housing (Salaried, Self-Employed Professionals)	Upto 0.50% of the loan amount or Rs. 3300/- whichever is higher + applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3300/- +applicable taxes/statutory levies whichever is higher
Fees for Resident Housing/ Extension/ Renovation/ Refinance/ Plot Loans for Self Employed Non-Professionals.	Upto 1.50 % of the Loan amount or Rs. 5000/- whichever is higher+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 5000/- +applicable taxes/statutory levies whichever is higher
Fees for NRI Loans	Upto 1.50% of the Loan amount or Rs. 3300/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 3300/-+applicable taxes/statutory levies whichever is higher
Fees for Value Plus Loans	Upto 1.50% of the Loan amount or Rs. 5000/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 5000/-+applicable taxes/statutory levies whichever is higher
Fees for Loans under HDFC Bank Reach Scheme	Up to 2.00% of the loan amount+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3300/-+applicable taxes/statutory levies whichever is higher
Re-appraisal of loan after 6months from date of sanction	Salaried / Self employed Professional-Upto Rs. 3300/- + applicable taxes/ statutory charges For Self-Employed Non-Professionals/ NRI/ Value Plus Loans/ HDFC Reach Scheme/- Upto Rs. 5000/- + applicable taxes + statutory charges
Increase in Loan amount	For loan amount increase fees applicable under processing charges shall be levied.

Other Charges

Other Charges
Delayed Instalment Payment Charges	A maximum of 18% P. A. on overdue instalment amounts.
Incidental Charges	Incidental charges and expenses are levied to cover the cost, charges, expense and other monies as per actuals applicable to a case.
Stamp Duty/ MOD/ MOE/ Registration	As applicable in the respective States.
Fees/Charges levied by Regulatory /government entities such as CERSAI	As per actual charges/ fee levied by Regulatory bodies + applicable taxes/ statutory levies
Fees/Charges levied by such third parties such as mortgage guarantee company	As per actual fee/ charges levied by any third party(ies) + applicable taxes/ statutory levies

• 10% discount to senior citizens on all the service charges

Conversion Charges

Conversion Charges
Switch to Lower Rate in Variable rate Loans (Housing/ Extension/ Renovation / Plot / Top Up)	Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or Rs 3000 (which ever is lower)
Switch from Combination Rate home loan under fixed rate term / fixed rate loan to Variable rate	Upto 1.50% of the Principal Outstanding and Undisbursed amount (if any)+ applicable taxes / statutory levies at the time of Conversion.
Conversion of ROI from floating to fixed (who have availed EMI based floating rate Personal Loans )	Please refer the RBI circularNo.DBR.No.BP.BC.99/08.13.100/2017-18 on “XBRL Returns – Harmonization of Banking Statistics” dated January 04, 2018.” Upto Rs.3000/- + applicable taxes / statutory levies.

Miscellaneous Receipts

Miscellaneous Receipts
Payment Return Charges	Rs. 300/- Per Dishonor.
Photocopy of Documents	Upto Rs. 500/- + applicable taxes / . statutory levies
Fees on account of External Opinion – such as legal/technical verifications.	As per actuals.
List of documents charges- for issuance of duplicate list of documents post disbursement	Upto Rs. 500/- + applicable taxes / statutory levies.
Repayment Mode Changes	Upto Rs. 500/- + applicable taxes / statutory levies.
Custody Charges/Property Document Retention charges	Rs. 1000 per calendar month, after 2 calendar months from date of closure of all loans/facilities linked to the collateral
Charges levied on account of non- adherence of sanction terms agreed by customer at the time of disbursement of the loan.	Upto 2% charges per annum on principal outstanding for non- compliance of agreed terms upto its fulfilment- (charged on monthly basis) subject to cap of Rs. 50000/- for critical security related deferrals. Max Rs. 25000/- for other deferrals.

Pre Mature Closure / Part Payment

Pre Mature Closure / Part Payment Charges
A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest	For loans sanctioned to individual borrowers with or without co-applicants, no prepayment charges shall be payable on account of part or full prepayments made through any sources* except when the loan is sanctioned for business purposes**.
B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest	For all loans sanctioned with or without co-applicants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies of the amounts being so prepaid on account of part or full prepayments except when part or full prepayment is being made through own sources*.

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

**Conditions apply

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

Name of Fee/ Charge levied	Amount in Rupees
Custody charges	Rs 1000/- per month for non-collection of collateral documents beyond 60 days, from date of closure of all loans/facilities linked to the collateral.

Loan Eligibility

Loan eligibility is primarily dependent on income and repaying capacity. Other important factors include the customer’s profile, age at loan maturity, age of property at loan maturity, investment and savings history etc.

Important Factor	Criteria
Age	18-70 years
Profession	Salaried / Self Employed
Nationality	Resident Indian
Tenure	Up to 20 years

Classification Of Self Employed

SELF-EMPLOYED PROFESSIONAL	SELF EMPLOYED NON-PROFESSIONAL (SENP)
Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary etc.	Trader, Commission Agent, Contractor etc.

How does adding a co-applicant benefit? *

Higher loan eligibility with an earning co-applicant.

*All co-applicants need not be co-owners. But all co-owners need to be co-applicants to the loans. Generally, co-applicants are close family members.

Maximum Funding**
Loans up to and including ₹30 lacs	90% of the Construction Estimate
Loans from ₹30.01 lacs to ₹75 lacs	80% of the Construction Estimate
Loans above ₹75 lacs	75% of the Construction Estimate

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

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Testimonials

AGHARA RAVIKUMAR M

“

It was very easy to complete disbursement process with support of HDFC staff

”

MURALI SHEEBA

“

For people like us with a busy schedule hassle-free service online without visiting the bank was really a lifesaver.

”

FREDDY VINCENT S V

“

In this challenging situation, the entire process was carried out in a smooth way. Even the query raised was sorted out in a very short time with no hurdle. Every person involved in the inquiry procedures were courteous.

”

Frequently Asked Questions

Rates Offered to Customer (Past Quarter)
Segment	IRR			APR
Segment	Min	Max	Avg.	Min	Max	Avg.
HOUSING	8.35	12.50	8.77	8.35	12.50	8.77
NON - HOUSING*	8.40	13.30	9.85	8.40	13.30	9.85
*NON - HOUSING = LAP(EQUITY), NON-RESIDENTIAL PREMISES LOAN & INSURANCE PREMIUM FUNDING

Loan Benefits

End to end digital process

Loan approval in 4 simple steps.

Customised Repayment Options

Tailor-made loans to suit your requirements.

Easy documentation

Apply with minimal documents, save time and effort.

24x7 assistance

Connect with us on Chat, WhatsApp anytime, anywhere

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Key Features

Terms & Conditions

Security

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

Other Conditions

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

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

"Appreciate the quick service and understanding at HDFC Housing Finance"

- Avinashkumar Rajpurohit,Mumbai

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Monthly EMI

₹198341

Principal Amount

₹198341

Interest Amount

₹198341

Total Amount Payable

₹198341

Apply Online

View Amortization Schedule

EMI break-down chart

Year	Opening Balance	EMI*12	Interest paid yearly	Principal paid yearly	Closing Balance
1	25,00,000	2,18,042	1,96,740	21,302	24,78,698
2	24,78,698	2,18,042	1,94,995	23,047	24,55,651
3	24,55,651	2,18,042	1,93,106	24,935	24,30,716
4	24,30,716	2,18,042	1,91,064	26,978	24,03,738
5	24,03,738	2,18,042	1,88,853	29,188	23,74,549
6	23,74,549	2,18,042	1,86,462	31,579	23,42,970
7	23,42,970	2,18,042	1,83,875	34,167	23,08,804
8	23,08,804	2,18,042	1,81,076	36,966	22,71,838
9	22,71,838	2,18,042	1,78,048	39,994	22,31,844
10	22,31,844	2,18,042	1,74,771	43,270	21,88,574
11	21,88,574	2,18,042	1,71,226	46,815	21,41,758
12	21,41,758	2,18,042	1,67,391	50,651	20,91,108
13	20,91,108	2,18,042	1,63,241	54,800	20,36,308
14	20,36,308	2,18,042	1,58,752	59,290	19,77,018
15	19,77,018	2,18,042	1,53,895	64,147	19,12,871
16	19,12,871	2,18,042	1,48,640	69,402	18,43,469
17	18,43,469	2,18,042	1,42,954	75,088	17,68,381
18	17,68,381	2,18,042	1,36,802	81,239	16,87,142
19	16,87,142	2,18,042	1,30,147	87,895	15,99,248
20	15,99,248	2,18,042	1,22,946	95,095	15,04,152
21	15,04,152	2,18,042	1,15,156	1,02,886	14,01,266
22	14,01,266	2,18,042	1,06,727	1,11,315	12,89,952
23	12,89,952	2,18,042	97,607	1,20,434	11,69,517
24	11,69,517	2,18,042	87,741	1,30,301	10,39,217
25	10,39,217	2,18,042	77,066	1,40,975	8,98,241
26	8,98,241	2,18,042	65,517	1,52,525	7,45,717
27	7,45,717	2,18,042	53,021	1,65,020	5,80,696
28	5,80,696	2,18,042	39,502	1,78,539	4,02,157
29	4,02,157	2,18,042	24,876	1,93,166	2,08,991
30	2,08,991	2,18,042	9,051	2,08,991	0

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Interest Rate Range for the past quarter for advances granted to individual borrowers

Individual Housing: (Jan-March 2023 Quarter)

Min (%)	Max (%)	Wt Avg. (%)	Mean (%)
8.30	13.50	8.80	9.88

Individual Non-Housing: (Jan-March 2023 Quarter)

Min (%)	Max (%)	Wt Avg. (%)	Mean (%)
8.35	15.15	9.20	10.32

Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.

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Home Extension Loans

Home Extension Loan EMI Calculator

Interest Rates

All rates are benchmarked to Policy Repo Rate. Current applicable Repo Rate = 5.50%

Calculators

Documents

Housing Charges

Loan Eligibility

Classification Of Self Employed

How does adding a co-applicant benefit? *

Home Loan in Different Cities

Get Home Loan for Different Budgets

Testimonials

Frequently Asked Questions