Home Loans Interest Rates

Home loan interest rate is an amount charged on the principal by a home loan provider to a borrower for the use of the principal amount. Your housing loan interest rate determines your monthly payable EMI against your home loan.

HDFC is currently offering home loan interest rates starting from 6.70%* p.a. Customers can avail these home loan interest rates along with benefits like a longer loan tenure of up to 30 years, end to end digital solutions, customized repayment options and much more! To calculate your EMI visit https://www.hdfc.com/home-loan-emi-calculator To apply now for a home loan visit https://www.hdfc.com/call-for-new-home-loan

An HDFC home loan customer can choose between two types of interest rate options while availing a home loan. These are as follows:
Adjustable Rate Home Loan (ARHL): An Adjustable Rate Home Loan is also known as a floating or a variable rate loan. The interest rate in an ARHL is linked to HDFC’s benchmark rate i.e. Retail Prime Lending Rate (RPLR). Any movement in HDFC’s RPLR may effectuate a change in the applicable interest rates.
TruFixed Loan: In a TruFixed loan, the home loan interest rate remains fixed for a specified time period (for eg., for the first 2 or 3 years of the loan tenure) after which it automatically converts to an Adjustable Rate Home Loan with the then applicable interest rates. HDFC currently offers a TruFixed loan where the interest rate is fixed for the first two years of the loan tenure.

The lowest home loan interest rate currently offered by HDFC is 6.70%* p.a.

There are 7 main factors that can affect the interest rate on a home loan-

1.  Interest rate type
2.  Benchmark Lending Rate
3.  Loan To Value Ratio
4.  Financial Profile of the Borrower
5.  Repayment Tenure
6.  Location of the Property
7.  Reputation of the Home Loan Provider