Home Loan

HDFC offers home loans with EMIs starting from ₹659 per lac and interest rates starting from 6.90%* p.a.. Create a space of your own with HDFC Home Loans. Our housing loan is tailor made for salaried individuals as they offer an attractive rate of interest and a longer tenure. We also provide you with legal and technical counselling to help you make the right home buying decision. HDFC Housing Loan offers you all online Home Loan solutions if you want to buy, construct or renovate your house. Turn your dream home into reality with HDFC Home Loans With benefits such as a low-interest rate, longer tenure, comfortable home loan EMI and doorstep service, apply online for an HDFC Home Loan today.

Home Loan Key Features

  • Home Loans for purchase of a flat, row house, bungalow from private developers in approved projects
  • Home Loans for purchase of properties from Development Authorities such as DDA, MHADA etc
  • Loans for purchase of properties in an existing Co-operative Housing Society or Apartment Owners' Association or Development Authorities settlements or privately built up homes
  • Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority
  • Expert legal and technical counselling to help you make the right home buying decision
  • Integrated branch network for availing and servicing the Home Loans anywhere in India
  • Special arrangement with AGIF for Home Loans for those employed in the Indian Army. To know more, click here

Home Loans Interest Rate

Monsoon Bonanza Offer

Retail Prime Lending Rate: 16.20%

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 & Above)7.00 to 7.50
For Others* (30.01 Lakhs & Above) 7.05 to 7.55

Adjustable Rate Home Loans

Retail Prime Lending Rate: 16.20%

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 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 subject to change as per the movement in HDFC's RPLR. All loans at the sole discretion of HDFC Ltd.

TruFixed Loan – 2 Year Fixed Rate Variant

Retail Prime Lending Rate: 16.20%

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

Apply Online for a Home Loan

Step 1: Visit the website of the online home loan provider – https://www.hdfc.com

Step 2: Click on ‘Apply for Home Loan’

Step 3: To find out the loan amount you are eligible for, click on ‘Check Eligibility’.

Step 4: Under the ‘Basic information’ tab, select the type of loan you are looking for (home loan, home improvement loan, plot loans, etc.). You can click on the link beside the loan type for more information.

Step 5: If you have shortlisted a property, click on ‘yes’ in the next question and provide the property details (state, city and estimated cost of property); if you haven’t yet decided on the property, select ‘no’. Fill in your name under ‘Applicant’s Name’. If you want to add a co-applicant to your loan application, select the number of co-applicants (you can have a maximum of 8 co-applicants).

Step 6: Under the ‘Applicants’ tab, select your residential status (Indian / NRI), provide the state and city you are currently residing in, provide your gender, age, occupation, retirement age, email ID and mobile number, gross/total monthly income, and EMI paid each month for all existing outstanding loans.

Step 7: You will then be taken to the ‘Offers’ tab where you will see loan products that you can avail of, the maximum loan amount you are eligible for, the EMI payable and the loan tenure, interest rate and whether the interest is fixed or floating.

Step 8: Select the loan product you would like to apply for. You will be taken to the loan application form where the details you have already provided (such as your name, email ID, etc) will be prefilled. Fill in the balance details – your date of birth and password and click on ‘Submit’.

Step 9: You will then be required to upload all the documents.

Step 10: Now all you have to do is pay the processing fees and your online loan application is complete.

HDFC is India’s premier housing finance company offering a wide range of home loan products that are customized to your needs and can be comfortably repaid over a longer tenure. HDFC’s end to end online home loan solutions, integrated branch network across the county and 24X7 online assistance can make your home owning journey, a memorable one.

You can now apply for a home loan online in 4 simple steps with HDFC’s quick and easy apply online module.

The following points need to be kept in mind before applying for a home loan online

  • Check your loan eligibility before starting your home loan application.
  • Go through the list of documents required and keep them ready before starting your online home loan application process.
  • Be clear about the type of home loan you need (home loan, home improvement loan, plot loan, etc.)
  • Read the FAQs before starting your home loan application process.
  • Make sure you provide all the details that the home loan provider will need to process your application.
  • You could use the online chat facility if you have any queries on applying for a home loan online
  1. Longer loan repayment tenure- Benefit of a longer home loan repayment tenure of up to 30 years is possible
  2. Reduction in GST rates on home purchase - GST rates on home purchase have been reduced significantly
  3. Low Home Loan Interest Rates- Home loans have become very affordable today with low interest rates
  4. Easy Home Loan Application Process- It is super easy and convenient to apply for a home loan online
  5. Multiple Options- Multiple options for homebuyers in the affordable home segment

Steps to Improve the Chances of Approval of Your Home Loan Application

  • Improve your credit score by creating a reasonable track record of timely repayments so that you achieve a high credit score which would improve your prospects of getting a home loan.
  • Obtain your credit report periodically, say once or twice in a year, verify the same for errors and get them rectified as and when required.
  • Ensure that the documentation of your home loan application is in order as per the requirement of the lender.
  • Avoid frequent job changes as this presents a picture of instability.
  • Check with the lender if the property that you have shortlisted will be considered for a home loan. At the same time, do an independent due diligence.
  • You can take the following steps to improve your chances of getting a home loan
Do’s Don’ts

Check your loan eligibility before starting your home loan application

Avoid making an application for an adhoc loan amount without checking your eligibility

Go through the list of documents required and keep them ready before starting your online application process

It’s preferable to complete the loan application process in one go and not in stages.

Be clear about the type of loan you need (home loan, home improvement loan, plot loan, etc.)

Don’t leave out submitting important documents.

Read the FAQs before starting your loan application process

Don’t ignore you CIBIL score while making your loan application (your score has an impact on your loan application)

You could use the online chat facility if you have any queries.

 

Make sure you provide all the details that the loan provider will need to process your application.

 

Home Loan Details

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

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 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.

The maximum period of repayment of a loan shall be up to 30 years for the Telescopic Repayment Option under the Adjustable Rate Home Loan. For all other Home Loan products, the maximum repayment period shall be up to 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.

Home Loan Documents and Charges

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

Select Any One

Pan Card
Mandatory document for KYC
Apply Now!

For the complete list of KYC documents click here.

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

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 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
  • 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 Ltd.

Here is an indicative list of the home loan fees and charges/ outgoings that are payable depending on the nature of the loan availed (*):

Processing Fees

Up to 0.50% 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  ₹200**
List Of Documents Up to ₹500
Photo Copy Of Documents Up to ₹500
PDC Swap Up to ₹200
Disbursement Cheque Cancellation Charge Post Disbursement Up to ₹200
Re-Appraisal Of Loan After 6 Months From Sanction Up to ₹2,000 plus applicable taxes
Increase / Decrease In Loan Term Up to ₹500 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

a) For Individual Borrowers:

For all loans sanctioned only to individual borrowers, no prepayment charges shall be payable on account of part or full prepayments made through any sources.

b) For Other than Individual Borrowers - For loans sanctioned with company/ Sole Proprietorship Concern/Firm or an HUF as co-applicants:

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 taxes and statutory levies and charges, 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 any financial year 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.

c) 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.

*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. Customers 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

a) For Individual Borrowers:

For all loans disbursed, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes and statutory levies and charges, 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.

b) For Other than Individual Borrowers - For loans sanctioned with company/ Sole Proprietorship Concern/Firm or an HUF as co-applicants:

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 taxes and statutory levies and charges, 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 for 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.

c) 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.

*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. 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 ₹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 ₹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.

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.

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.

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.

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.

With this option you get a longer repayment tenure of up to 30 years. This means an enhanced loan amount eligibility and smaller EMIs.

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 offers home loans with EMIs starting from ₹659 per lac and interest rates starting from 6.90%* 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
19,233
25,00,000
21,15,846
46,15,846

Home Loan Amortization Schedule

YearOpening BalanceEMI*12Interest paid yearlyPrincipal paid yearlyClosing Balance
125,00,0002,30,7921,70,62160,17224,39,828
224,39,8282,30,7921,66,33564,45723,75,371
323,75,3712,30,7921,61,74469,04823,06,323
423,06,3232,30,7921,56,82673,96622,32,357
522,32,3572,30,7921,51,55879,23421,53,122
621,53,1222,30,7921,45,91584,87820,68,244
720,68,2442,30,7921,39,86990,92319,77,321
819,77,3212,30,7921,33,39397,39918,79,922
918,79,9222,30,7921,26,4561,04,33617,75,586
1017,75,5862,30,7921,19,0251,11,76816,63,818
1116,63,8182,30,7921,11,0641,19,72815,44,090
1215,44,0902,30,7921,02,5361,28,25614,15,834
1314,15,8342,30,79293,4021,37,39112,78,443
1412,78,4432,30,79283,6161,47,17611,31,267
1511,31,2672,30,79273,1331,57,6599,73,608
169,73,6082,30,79261,9041,68,8888,04,719
178,04,7192,30,79249,8751,80,9176,23,802
186,23,8022,30,79236,9891,93,8034,29,999
194,29,9992,30,79223,1862,07,6062,22,393
202,22,3932,30,7928,3992,22,3930

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.

Looking for more funding/ need some help?

Chat with us

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.

Looking for more funding/ need some help?

Chat with us

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.

Home Loan FAQs

What is a Home loan and how does it work?

Home loans are availed either for purchase of an under-construction or a ready property from a developer, purchase of a resale property, to construct a housing unit on a plot of land, to make improvements and extensions to an already existing house and to transfer your existing home loan from a financial institution to HDFC.

A HDFC home loan provides numerous benefits such as facility to apply online, quick loan processing, attractive interest rates, customized repayment options and simple &hassle-free documentation.

You can avail a HDFC home loan online in 4 quick and easy steps:
1. Sign Up / Register
2. Upload Documents
3. Pay Processing Fee
4. Get Loan Approval

How do I apply for a home loan?

You can now apply for a home loan online. Visit https://portal.hdfc.com/ to apply now!.

How will HDFC decide the home loan amount i am eligible for?

We will determine your Home Loan Eligibility largely by your income and repayment capacity. Other important factors include your age, qualification, number of dependants, your spouse's income (if any), assets & liabilities, savings history and the stability & continuity of occupation.

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.

When does my home loan EMIs start?

EMI's begins from the month subsequent to the month in which disbursement of the loan is done. For loans for under-construction properties EMI usually begins after the complete home loan is disbursed but customers can choose to begin their emi’s as soon as they avail their fist disbursement and their emi’s will increase proportionately with every subsequent  disbursement.For resale cases,since the whole loan amount is disbursed in one go,emi on the whole loan amount start from the subsequent to the  month of disbursment

What is the maximum home loan that I can obtain?

You are required to pay 10-25% of the total property cost as  ‘own contribution depending upon the loan amount. 75 to 90% of the property cost is what can be availed as a home loan. In case of construction, home improvement and home extension loans, 75 to 90% of the construction/improvement/extension estimate can be funded.

What are the different types of Home loans on offer ?

The following types of Home Loans products are usually offered by Housing Finance Institutions: Home Loans: These are Loans availed for:

1. The purchase of a flat, row house, bungalow from private developers in approved projects;

2.Home Loans for purchase of properties from Development Authorities such as DDA, MHADA as well as Existing Co-operative Housing Societies, Apartment Owners' Association or Development Authorities settlements or privately built up homes;

3.Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority

Plot Purchase Loan: Plot purchase loans are availed for purchase of a plot through direct allotment or a second sale transaction as well as to transfer your existing plot purchase loan availed from another bank /financial Institution.

Balance Transfer Loan: Transferring your outstanding home loan availed from another Bank / Financial Institution to HDFC is known as a balance transfer loan .

Home Improvement Loan: It is a loan for renovating(without altering the structure/carpet area) your home in many ways such as tiling ,flooring, internal / external plaster and painting etc.

Home Extension Loan: It is a loan to extend or add space to your home such as additional rooms and floors etc.

Top Up Loans: Loans that can be availed for personal and professional needs(other than for speculative purposes) like marriage, Child's education, business expansion, debt consolidation etc.

Loan against Property (LAP): It is a loan against fully constructed, freehold residential and commercial properties for: Personal and Business Needs(other than for speculative purposes) like marriage, medical expenses and child's education etc. Existing Loan Against Property(LAP) from other banks and financial institutions can also be transferred to HDFC.

What is part/subsequent disbursement of a home loan?

HDFC disburses loans for under construction properties in installments based on the progress of construction. Every installment disbursed is know as a 'part' or a 'subsequent' disbursement.

Is the HDFC home loan rate different for women ?

Yes home loan interest rates for women are lower than those applicable to others. Women have to be a owner /co owner in the property for which the home loan will be availed as well as a applicant /co applicant in the HDFC home loan to avail a concession on the home loan interest rate applicable to others.

Can I get an approval for a home loan while I decide which property I should purchase ?

You can apply for a pre approved home loan which is an in-principal approval for a loan given on the basis of your income, creditworthiness and financial position. Generally, pre-approved loans are taken prior to property selection and are valid for a period of 6 months from the date of sanction of the loan.

How do I repay a home loan ?

For your convenience, HDFC offers various modes for repayment of the home loan. You may issue standing instructions to your banker to pay the installments through ECS (Electronic Clearing System), opt for direct deduction of monthly installments by your employer or issue post-dated cheques from your salary account.

HDFC Home Loan 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.

Home Loan Key Benefits and Features

At HDFC, we understand that a home is not just a place to stay. It is much more than that. It is a warm little corner in the world that is yours, tailored by your tastes and needs. It is the place where you celebrate the joys and enjoy the journey called life. There is no place like 'home' and with HDFC Home Loans you can gather hopes, achieve your dreams and create memories in your own space.

  • Loans for purchase of a flat, row house, bungalow from private developers in approved projects

  • Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority.

  • Innovative Home Loan schemes

  • Doorstep assistance on your Home Loan

  • Expert legal and technical counselling to help you make the right home buying decision

  • Loans for purchase of properties from Development Authorities such as DDA, MHADA etc

  • Loans for purchase of properties in an existing Co-operative Housing Society or Apartment Owners' Association or Development Authorities settlements or privately built up homes

  • Attractive Home Loan interest rates that make your Home Loan affordable and easier on your pocket

  • Integrated branch network for availing and servicing the loan anywhere in India

Home Loans Interest Rate

For Self Employed Professionals

Monsoon Bonanza Offer

Retail Prime Lending Rate: 16.20%

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 & Above)7.00 to 7.50
For Others* (30.01 Lakhs & Above)7.05 to 7.55

Adjustable Rate Home Loans

Retail Prime Lending Rate: 16.20%

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 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 subject to change as per the movement in HDFC's RPLR. All loans at the sole discretion of HDFC Ltd.

TruFixed Loan – 2 Year Fixed Rate Variant

Retail Prime Lending Rate: 16.20%

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

Monsoon Bonanza Offer

Retail Prime Lending Rate: 16.20%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)7.05 to 7.55
For Others* (upto 30 Lakhs)7.10 to 7.60
For Women* (30.01 Lakhs & Above)7.10 to 7.60
For Others* (30.01 Lakhs & Above)7.15 to 7.65

Adjustable Rate Home Loans

Retail Prime Lending Rate: 16.20%

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 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  subject to change as per the movement in HDFC's RPLR. All loans at the sole discretion of HDFC Ltd. 

TruFixed Loan – 2 Year Fixed Rate Variant

Retail Prime Lending Rate: 16.20%

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

Apply Online for a Home Loan

Step 1: Visit the website of the online home loan provider – https://www.hdfc.com

Step 2: Click on ‘Apply for Home Loan’

Step 3: To find out the loan amount you are eligible for, click on ‘Check Eligibility’.

Step 4: Under the ‘Basic information’ tab, select the type of loan you are looking for (home loan, home improvement loan, plot loans, etc.). You can click on the link beside the loan type for more information.

Step 5: If you have shortlisted a property, click on ‘yes’ in the next question and provide the property details (state, city and estimated cost of property); if you haven’t yet decided on the property, select ‘no’. Fill in your name under ‘Applicant’s Name’. If you want to add a co-applicant to your loan application, select the number of co-applicants (you can have a maximum of 8 co-applicants).

Step 6: Under the ‘Applicants’ tab, select your residential status (Indian / NRI), provide the state and city you are currently residing in, provide your gender, age, occupation, retirement age, email ID and mobile number, gross/total monthly income, and EMI paid each month for all existing outstanding loans.

Step 7: You will then be taken to the ‘Offers’ tab where you will see loan products that you can avail of, the maximum loan amount you are eligible for, the EMI payable and the loan tenure, interest rate and whether the interest is fixed or floating.

Step 8: Select the loan product you would like to apply for. You will be taken to the loan application form where the details you have already provided (such as your name, email ID, etc) will be prefilled. Fill in the balance details – your date of birth and password and click on ‘Submit’.

Step 9: You will then be required to upload all the documents.

Step 10: Now all you have to do is pay the processing fees and your online loan application is complete.

HDFC is India’s premier housing finance company offering a wide range of home loan products that are customized to your needs and can be comfortably repaid over a longer tenure. HDFC’s end to end online home loan solutions, integrated branch network across the county and 24X7 online assistance can make your home owning journey, a memorable one.

You can now apply for a home loan online in 4 simple steps with HDFC’s quick and easy apply online module.

The following points need to be kept in mind before applying for a home loan online

  • Check your loan eligibility before starting your home loan application.
  • Go through the list of documents required and keep them ready before starting your online home loan application process.
  • Be clear about the type of home loan you need (home loan, home improvement loan, plot loan, etc.)
  • Read the FAQs before starting your home loan application process.
  • Make sure you provide all the details that the home loan provider will need to process your application.
  • You could use the online chat facility if you have any queries on applying for a home loan online
  1. Longer loan repayment tenure- Benefit of a longer home loan repayment tenure of up to 30 years is possible
  2. Reduction in GST rates on home purchase - GST rates on home purchase have been reduced significantly
  3. Low Home Loan Interest Rates- Home loans have become very affordable today with low interest rates
  4. Easy Home Loan Application Process- It is super easy and convenient to apply for a home loan online
  5. Multiple Options- Multiple options for homebuyers in the affordable home segment

Steps to Improve the Chances of Approval of Your Home Loan Application

  • Improve your credit score by creating a reasonable track record of timely repayments so that you achieve a high credit score which would improve your prospects of getting a home loan.
  • Obtain your credit report periodically, say once or twice in a year, verify the same for errors and get them rectified as and when required.
  • Ensure that the documentation of your home loan application is in order as per the requirement of the lender.
  • Avoid frequent job changes as this presents a picture of instability.
  • Check with the lender if the property that you have shortlisted will be considered for a home loan. At the same time, do an independent due diligence.
  • You can take the following steps to improve your chances of getting a home loan
Do’s Don’ts

Check your loan eligibility before starting your home loan application

Avoid making an application for an adhoc loan amount without checking your eligibility

Go through the list of documents required and keep them ready before starting your online application process

It’s preferable to complete the loan application process in one go and not in stages.

Be clear about the type of loan you need (home loan, home improvement loan, plot loan, etc.)

Don’t leave out submitting important documents.

Read the FAQs before starting your loan application process

Don’t ignore you CIBIL score while making your loan application (your score has an impact on your loan application)

You could use the online chat facility if you have any queries.

 

Make sure you provide all the details that the loan provider will need to process your application.

 

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
  • Commision Agent
  • Contractor etc.
PLAN YOUR HOME

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.

The maximum period of repayment of a loan shall be up to 30 years for the Telescopic Repayment Option under the Adjustable Rate Home Loan. For all other Home Loan products, the maximum repayment period shall be up to 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.

Home Loan Documents and Charges

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

Select Any One

Pan Card
Mandatory document for KYC
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 Sheet and Profit & Loss A/c Statements, with Annexures / Schedules (of both the individual and the business entity and attested by a CA)
  • Last 6 months' Current A/c Statements of the business entity and Savings Account Statements of the individual

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 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

  • 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.

  • 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.’

Here is an indicative list of the home loan fees and charges/ outgoings that are payable depending on the nature of the loan availed (*):

Processing Fees

For Self-Employed Professionals:
Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes.

For Self-Employed Non-Professionals:
Up to 1.50% 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  ₹200**
List Of Documents Up to ₹500
Photo Copy Of Documents Up to ₹500
PDC Swap Up to ₹200
Disbursement Cheque Cancellation Charge Post Disbursement Up to ₹200
Re-Appraisal Of Loan After 6 Months From Sanction Up to ₹2,000 plus applicable taxes
Increase / Decrease In Loan Term Up to ₹500 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

a) For Individual Borrowers:

For all loans sanctioned only to individual borrowers, no prepayment charges shall be payable on account of part or full prepayments made through any sources.

b) For Other than Individual Borrowers - For loans sanctioned with company/ Sole Proprietorship Concern/Firm or an HUF as co-applicants:

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 taxes and statutory levies and charges, 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 any financial year 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.

c) 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.

*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. Customers 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

a) For Individual Borrowers:

For all loans disbursed, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes and statutory levies and charges, 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.

b) For Other than Individual Borrowers - For loans sanctioned with company/ Sole Proprietorship Concern/Firm or an HUF as co-applicants:

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 taxes and statutory levies and charges, 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 for 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.

c) 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.

*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. 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 ₹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 ₹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 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.

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.

With this option you get a longer repayment tenure of up to 30 years. This means an enhanced loan amount eligibility and smaller EMIs.

HDFC Home Loan 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.

Lets Chat!