Home Extension Loans

Home Extension Loans from HDFC

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'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.

Loans to extend or add space to your home such as additional rooms etc
Available for both existing and new customers
Easy and hassle free documentation
Simple repayments through monthly instalments
Loans at Home Loan interest rates

Interest Rates

For Salaried

STANDARD HOME LOAN RATES

Adjustable Rate Home Loans

Retail Prime Lending Rate: 17.45%

Loan Slab	Home Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)	8.10 - 8.60
For Others* (upto 30 Lakhs)	8.15 - 8.65
For Women* (30.01 Lakhs to 75 Lakhs)	8.35 - 8.85
For Others* (30.01 Lakhs to 75 Lakhs)	8.40 - 8.90
For Women* (75.01 Lakhs & Above)	8.45 - 8.95
For Others*(75.01 Lakhs & Above)	8.50 - 9.00

*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

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Home Extension Loan Details

You can apply individually or jointly for Home Extension Loans. All owners of the property will have to be co-applicants. However, all co-applicants need not be co-owners. Generally co-applicants are close family members.

Who can Apply?

Primary Applicant

AGE

21-65 years
PROFESSION

Salaried / Self Employed
NATIONALITY

Resident Indian
GENDER

All Genders

PLAN YOUR HOME

Co-Applicant(s)

Adding Co-Applicant helps in maximizing the loan amount.
Adding Women Co-Owner helps in getting better interest rate.
All co-applicants need not be co-owners. Generally co-applicants are close family members.

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

Loan Amount	Maximum Amount*
Up to and including ₹30 lacs	90% of the Construction Estimate
₹30.01 lacs to ₹75 lacs	80% of the Construction Estimate
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.

You may spread out your payments for the loan over a maximum term of 20 years.

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

Documents and Charges

Home Extension Loan Documents
for Salaried Individuals

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

Proof of both Identity and Residence (KYC)

LIST OF DOCUMENTS

A	Sr.No.	Mandatory Documents
	1	PAN Card or Form 60 (If the customer does not have a PAN Card)

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	Address
1	Passport, the validity of which has not expired.	Y	Y
2	Driving license which has not expired.	Y	Y
3	Election /Voters identification card	Y	Y
4	Job card issued by NREGA duly signed by the officer of the State Government	Y	Y
5	Letter issued by the National Population Register containing details of name, address.	Y	Y
6	Proof of possession of Aadhaar Number ( to be obtained voluntarily)	Y	Y

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.

Proof of Income

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

Property / Home Extension related documents

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

Charges and Fees
for Salaried individuals

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

Processing Fees & Other Charges

Processing Fees

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

Fees On Account Of External Opinion

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

Property Insurance

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

Charges On Account Of Delayed Payments

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

Incidental Charges

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

Statutory / Regulatory Charges

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

Other Charges

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

Prepayment Charges

Housing Loans

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

Non Housing Loans and loans classified as business loans**

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

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

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

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

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

LRD loans
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.
Non Residential properties
Non Residential Equity Loan
Top up loans for Business Purpose i.e. Working Capital, Debt Consolidation, Repayment of Business Loan, Expansion of business, Acquisition of Business asset or any similar end usage of funds.

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

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

Conversion Fees

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

Name of the Product/Service	Name of Fee/Charge levied	When Payable	Frequency	Amount in Rupees
Switch to Lower Rate in Variable rate Loans (Housing / Extension / Renovation)	Conversion Fees	On Conversion	On every Spread change	Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap ₹50000 plus taxes whichever is lower.
Switching to Variable Rate Loan from Fixed Rate Loan (Housing / Extension / Renovation)	Conversion Fees	On Conversion	Once	Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap ₹50000 plus taxes whichever is lower.
Switch from Combination Rate Home Loan fixed rate to Variable rate	Conversion Fees	On Conversion	Once	1.75% of the Principal Outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.
Switch to Lower Rate (Non–Housing Loans)	Conversion Fees	On Conversion	On every Spread change	Half of the spread difference on the principal outstanding and undisbursed amount (if any) plus taxes, with a minimum fee of 0.5% and Max. 1.50%.
Switch to Lower Rate (Plot Loans)	Conversion Fees	On Conversion	On every Spread change	0.5% of principal outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.
Switch to a RPLR-NH Benchmark Rate (Non–Housing Loans) and corresponding spread	Conversion Fees	On conversion where the resultant rate of interest remains the same	On change of bench- mark rate and/or change of Spread Change	NIL
Switch to a RPLR-NH Benchmark Rate (Non–Housing Loans) and corresponding spread	Conversion Fees	On conversion where the resultant rate of interest is lowered	On change of benchmark rate and/ or change of Spread Change	Half of the spread difference on the principal outstanding and undisbursed amount (if any) plus taxes, with a minimum fee of 0.5% and Max. 1.50%
Switch to Lower Rate (Loans under HDFC Reach)- Variable Rate	Conversion Fees	On Conversion	On every Spread change	Upto 1.50% of the principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of conversion.
Switch to HDFC Maxvantage Scheme	Processing Fee	At the time of Conversion	Once	0.25% of the outstanding loan amount + applicable taxes/statutory levies at the time of conversion

(*) the contents of the above are subject to change from time to time and the levy of the same shall be at such rates as may be applicable as on the date of such charge.
**Conditions apply.

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Calculators

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

EMI CALCULATOR

What Would Be My Monthly Repayment?
ELIGIBILITY CALCULATOR

How Much Loan Could I Borrow?
AFFORDABILITY CALCULATOR

What Is The Maximum Purchase Price I Can Afford?
REFINANCE CALCULATOR

Find out the savings in EMI

HomeLoan: Home Loan EMI Calculator - HDFC Home Loans

Interest Rate (% p.a.)

0 15

Monthly Home Loan EMI

₹ 21,067 View Detailed Quote

Principal Amount

₹ 25,00,000

Interest Amount

₹ 25,56,046

Total Amount Payable ₹ 50,56,046 View Detailed Quote

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Home Loan Amortization Schedule

Year	Opening Balance	EMI*12	Interest paid yearly	Principal paid yearly	Closing Balance
1	25,00,000	2,52,802	2,00,590	52,212	24,47,788
2	24,47,788	2,52,802	1,96,200	56,602	23,91,185
3	23,91,185	2,52,802	1,91,441	61,361	23,29,824
4	23,29,824	2,52,802	1,86,282	66,520	22,63,304
5	22,63,304	2,52,802	1,80,689	72,113	21,91,191
6	21,91,191	2,52,802	1,74,627	78,176	21,13,015
7	21,13,015	2,52,802	1,68,054	84,748	20,28,267
8	20,28,267	2,52,802	1,60,929	91,874	19,36,393
9	19,36,393	2,52,802	1,53,204	99,598	18,36,795
10	18,36,795	2,52,802	1,44,830	1,07,972	17,28,823
11	17,28,823	2,52,802	1,35,753	1,17,050	16,11,773
12	16,11,773	2,52,802	1,25,911	1,26,891	14,84,883
13	14,84,883	2,52,802	1,15,243	1,37,559	13,47,323
14	13,47,323	2,52,802	1,03,678	1,49,125	11,98,199
15	11,98,199	2,52,802	91,140	1,61,662	10,36,536
16	10,36,536	2,52,802	77,548	1,75,254	8,61,282
17	8,61,282	2,52,802	62,813	1,89,989	6,71,293
18	6,71,293	2,52,802	46,840	2,05,962	4,65,330
19	4,65,330	2,52,802	29,523	2,23,279	2,42,051
20	2,42,051	2,52,802	10,751	2,42,051	0

Eligibility Calculator

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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

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Frequently Asked Questions

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

Terms & Conditions

Security

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

Other Conditions

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

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

Key Benefits & Features

Loans to extend or add space to your home such as additional rooms etc
Available for both existing and new customers
Easy and hassle free documentation
Simple repayments through monthly instalments
Loans at Home Loan interest rates

Interest Rates

For Self Employed Professionals

STANDARD HOME LOAN RATES

Adjustable Rate Home Loans

Retail Prime Lending Rate: 17.45%

Loan Slab	Home Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)	8.10 - 8.60
For Others* (upto 30 Lakhs)	8.15 - 8.65
For Women* (30.01 Lakhs to 75 Lakhs )	8.35 - 8.85
For Others* (30.01 Lakhs to 75 Lakhs)	8.40 - 8.90
For Women* ( 75.01 Lakhs & Above)	8.45 - 8.95
For Others*( 75.01 Lakhs & Above)	8.50 - 9.00

For Self Employed Non Professionals

STANDARD HOME LOAN RATES

Adjustable Rate Home Loans

Retail Prime Lending Rate: 17.45%

Loan Slab	Home Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)	8.20 - 8.70
For Others* (upto 30 Lakhs)	8.25 - 8.75
For Women* (30.01 Lakhs to 75 Lakhs )	8.45 - 8.95
For Others* (30.01 Lakhs to 75 Lakhs)	8.50 - 9.00
For Women* ( 75.01 Lakhs & Above)	8.55 - 9.05
For Others*( 75.01 Lakhs & Above)	8.60 - 9.10

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Home Extension Loan Details

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

Classification of Self Employed Customers

Self-Employed Professional (SEP)

Doctor
Lawyer
Chartered Accountant
Architect
Consultant
Engineer
Company Secretary, etc.

Self-Employed Non-Professional (SENP)

Trader
Commission Agent
Contractor etc.

PLAN YOUR HOME

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

Loan Amount	Maximum Funding*
Up to and including ₹30 lacs	90% of the construction estimate
₹30.01 lacs to ₹75 lacs	80% of the construction estimate
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.

You may spread out your payments for the loan over a maximum term of 20 years.

Documents and Charges

Home Extension Loan Documents
for Self Employed Individuals

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