At HDFC Bank, we understand that a home loan is not just a financial transaction. It is much more than that. It is a warm little corner of the world that is yours, tailored to your tastes and needs. It is the place where you celebrate the joys, deal with the sorrows, and enjoy the journey called life. There is no place like home, and with HDFC Bank Home Loans, you can gather hopes, achieve your dreams, and create memories in your own space.
Special Housing Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals) | |
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Loan Slab | Interest Rates (% p.a.) |
For All Loans* | Policy Repo Rate + 2.25% to 3.15% = 8.75% to 9.65% |
Standard Housing Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals) | |
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Loan Slab | Interest Rates (% p.a.) |
For All Loans* | Policy Repo Rate + 2.90% to 3.45% = 9.40% to 9.95% |
*The above Home Loan interest rates/ EMI are applicable for loans under the Adjustable Rate Home Loan Scheme (Floating Interest Rate) of (HDFC Bank and are subject to change at the time of disbursement. The Home Loan interest rates above are linked to HDFC Bank's Repo Rate and are variable through out the tenor of the loan. All loans are at the sole discretion of HDFC Bank. For further details regarding the loan slabs and interest rates above Click Here
*HDFC BANK does not source any Home Loan business from any Lending Service Providers (LSPs).
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For home loan approval, you need to submit the following documents for applicant / all co-applicants along with the completed and signed Loan application form.
Identity And Residence (KYC)
Income Documents
Property Documents
Other Requirements
A | Sr.No. | Mandatory Documents | ||
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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 |
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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 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 |
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Copy of the Allotment Letter / Buyer Agreement | |||
Receipt/(s) of payment/(s) made to the developer |
Document | Salaried | Self Employed Professional | Self Employed Non Professional |
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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) |
Document | Salaried | Self Employed Professional | Self Employed Non Professional |
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Title Deeds of the Plot |
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Proof of no encumbrances on the property | |||
Copy of the plans, approved by the Local Authorities |
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Construction estimate by an Architect / Civil engineer |
Document | Salaried | Self Employed Professional | Self Employed Non Professional |
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Own Contribution Proof | |||
Employment Contract / Appointment Letter in case current employment is less than year old |
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Last 6 months' Bank Statements showing repayment of any ongoing loans |
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Passport size photograph of all the applicants / co-applicants to be affixed on the Application form and signed across. |
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Cheque for processing fee favouring HDFC Bank |
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Business Profile |
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Latest Form 26 AS |
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List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company |
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Memorandum and Articles of Association of the Company |
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Partnership deed in case of the business entity being a partnership firm |
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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.
Processing Fees & Charges
Conversion Fees
Miscellaneous Receipts
Pre Mature Closure/ Part Payment
Property Document Retention Charges
Name of Fee/ Charge levied | Amount in Rupees |
---|---|
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. 3000/- whichever is higher + applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/- +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. 4500/- whichever is higher+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 4500/- +applicable taxes/statutory levies whichever is higher |
Fees for NRI Loans | Upto 1.25% of the Loan amount or Rs. 3000/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/-+applicable taxes/statutory levies whichever is higher |
Fees for Value Plus Loans | Upto 1.50% of the Loan amount or Rs. 4500/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 4500/-+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. 3000/-+applicable taxes/statutory levies whichever is higher |
Re-appraisal of loan after 6months from date of sanction | Rs. 2000/- + applicable taxes / statutory levies. |
Name of Fee/ Charge levied | Amount in Rupees |
---|---|
Delayed Instalment Payment Charge | 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 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 |
Name of Fee/ Charge levied | Amount in Rupees |
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Switch to Lower Rate in Variable rate Loans (Housing/ Extension/ Renovation) |
Upto 0.50% of the Principal Outstanding and undisbursed amount (if any)at the time of Conversion or a cap of Rs.50000/-+applicable taxes/statutory Levies which ever is lower. |
Switching to Variable Rate Loan from Fixed Rate Loan (Housing/Extension/ Renovation) |
Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap of Rs.50000/- + applicable taxes / statutory levies whichever is lower. |
Switch from Combination Rate home loan fixed rate to Variable rate |
1.75% of the Principal Outstanding and Undisbursed amount (if any)+ applicable taxes / statutory levies at the time of Conversion. |
Switch to Lower Rate (Plot Loans)- Variable Rate |
0.5% of principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of Conversion. |
Switch to Lower Rate (Loans under HDFC Bank Reach)- Variable Rate |
Upto 1.50% of the principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of conversion. |
Name of Fee/ Charge levied | Amount in Rupees |
---|---|
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 |
Upto Rs. 500/- + applicable taxes / statutory levies. |
Repayment Mode Change Charges |
Upto Rs. 500/- + applicable taxes / statutory levies. |
Name of Fee/ Charge levied | Amount in Rupees |
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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.
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 Processing Charges
Pre-Payment /Part Payment Charges
Premature closure charges
Other Charges
Maximum of 1% of loan amount (* Minimum PF of Rs.7500/-)
Pre-Payment / Part Payment Charges | |
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Floating Interest Rate Term Loans |
• No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment. • 2.5% + applicable taxes of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%. • Nil Part Payment charges for floating rate term loan availed by Individual borrowers for End Use other than Business Purpose • Nil Part Payment charges for floating rate term loans availed by Micro & Small Enterprises. |
Fixed Interest rate Term loans |
• Maximum of 2.5% of the Principal Outstanding. • >60 months after the disbursement of the Loan – NIL Charges. • NIL Part-payment charges for loan amount up to Rs. 50 Lakh availed by Micro & Small Enterprises. • No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment. • 2.5% (Plus applicable taxes) of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%. |
Premature closure charges | |
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Floating rate term loan availed by Individual borrowers for Business Purpose |
2.5 % of the Principal Outstanding |
Floating rate term loan availed by Individual borrowers for End Use other than Business Purpose |
NIL |
Floating rate term loans availed by Micro, Small Enterprises and Closure from Own Source* |
NIL |
Floating rate term loans availed by Micro, Small Enterprises and Closure Through Takeover by any financial Institutions |
2 % takeover charges of the Principal Outstanding |
Fixed Interest rate Term loans |
- 2.5 % (Plus applicable Taxes) of the Principal Outstanding,
> 60 months after the disbursement of the Loan/Facility – NIL Charges.
NIL Premature Closure Charges /Foreclosure/ Prepayment /Takeover/Part-payment charges for loan amount up to Rs. 50 Lakh availed by Micro & Small Enterprises. |
Delayed Instalment payment Charge |
A maximum of 18% P. A. on overdue instalment amounts. |
Payment Return Charges |
Rs 450/- |
Repayment schedule charges* |
Rs. 50/- per instance |
Repayment mode change charges* |
Rs. 500/- |
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. |
Revision in spread |
0.1% of Principal Outstanding OR Rs. 5000 whichever is higher Per proposal |
Legal/Repossession & Incidental charges |
At actuals |
Stamp Duty & other statutory charges |
As per applicable laws of the state |
Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers) |
NIL |
Penal Interest for Non Adherence of ESCROW Account (as per sanction terms and conditions) |
2% p. a additional on existing ROI (Applicable in LARR cases only) |
Penal Interest charged for non-complying with sanction terms |
2% per annum additional on existing ROI- (Charged on monthly basis) |
CERSAI Charges |
Rs. 100 for each property |
Property Swapping / Partial property Release* |
0.1% of the loan amount. |
Document Retrieval charges post Disbursement* |
Rs. 75/- per document set. (Post disbursement) |
Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.
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.
The prepayment charges are subject to change as per prevailing policies of HDFC Bank and accordingly may vary from time to time which shall be notified on www.hdfcbank.com.
Other Charges | |
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Delayed Instalment payment Charge |
A maximum of 18% P. A. on overdue instalment amounts. |
Payment Return Charges |
Rs 450/- |
Repayment schedule charges* |
Rs. 50/- per instance / Digital – Free |
Repayment mode change charges* |
Rs. 500/- |
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. |
Revision in spread |
0.1% of Principal Outstanding OR Rs. 3000 whichever is higher Per proposal |
Legal/Repossession & Incidental charges |
At actuals |
Stamp Duty & other statutory charges |
As per applicable laws of the state |
Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers) |
NIL |
Charges levied for Non Adherence of ESCROW Account (as per sanction terms and conditions) |
2% p. a additional on existing ROI (Applicable in LARR cases only) |
Charges levied on account of non- adherence of sanction terms. |
2% per annum additional on existing ROI- (Charged on monthly basis) |
CERSAI Charges |
Rs. 100 for each property / at actuals |
Property Swapping / Partial property Release* |
0.1% of the loan amount. |
Document Retrieval charges post Disbursement* |
Rs. 500/- per document set. (Post disbursement) |
Home 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 |
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Age | 18-70 years |
Profession | Salaried / Self Employed |
Nationality | Resident Indian |
Tenure | Up to 30 years |
Self-Employed Professional | Self Employed Non-Professional (senp) |
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Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary etc. | Trader, Commission Agent, Contractor etc. |
*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** | |
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Loans up to and including ₹30 lacs | 90% of the property cost |
Loans from ₹30.01 lacs to ₹75 lacs | 80% of the property cost |
Loans above ₹75 lacs | 75% of the property cost |
**Subject to market value of the property and repayment capacity of the customer, as assessed by HDFC Bank.
It was very easy to complete disbursement process with support of HDFC staff
”For people like us with a busy schedule hassle-free service online without visiting the bank was really a lifesaver.
”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.
”Home loan is a form of secured loan that is availed by a customer to purchase a house. The property can be 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 loan availed from another financial institution to HDFC Bank. A housing loan is repaid through equated monthly installments (EMI) which consists of a portion of the principal borrowed and the interest accrued on the same.
You can avail a HDFC Bank Home Loan online in 4 quick and easy steps:
1. Sign Up / Register
2. Fill in the home loan application form
3. Upload Documents
4. Pay Processing Fee
5. Get Loan Approval
You can also apply for a home loan online. Visit https://portal.hdfc.com/ to apply now!.
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 housing loan. In case of construction, home improvement and home extension loans, 75 to 90% of the construction/improvement/extension estimate can be funded.
House Loan eligibility depends on the income and repayment capacity of the individual. Please find details about home loan eligibility criteria:
Particulars | Salaried Individuals | Self-Employed Individuals |
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Age | 21 years to 65 years | 21 years to 65 years |
Minimum Income | ₹10,000 p.m. | Rs.2 lakh p.a. |
Yes. You may be eligible for tax benefits on repayment of the principal and interest components of your Home Loan as per sections 80C, 24(b) and 80EEA of the Income Tax Act, 1961. Since the benefits may vary each year, please do consult your chartered accountant/ tax expert for the latest information.
You can take disbursement of your home loan once the property has been technically appraised, all legal documentation has been completed, and you have made your down payment.
You can submit a request for the disbursement of your loan online or by visiting any of our offices.
Some of the factors that determine your eligibility for a home loan are:
HDFC Bank will determine your Housing 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.
You can apply for housing loans 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. You can even apply for a home loan whilst you are working abroad, to plan for your return to India in future.
The Home loan process in India usually goes through the following stages:
You can apply for a home loan online from the ease and comfort of your home with HDFC Bank's online application feature. Alternatively, you can share your contact details here for our loan experts to get in touch with you and take your loan application forward.
The documentation needed to be submitted along with your home loan application form is available here.This link provides a detailed checklist of KYC, Income and property related documents required for the processing of your loan application. The checklist is indicative and additional documents could be asked for during the home loan sanction process.
Approval Process: The home loan is assessed basis the documents submitted as per the above-mentioned checklist and the approved amount is communicated to the customer. There might be a difference between the housing loan amount applied for and the amount approved. On approval of the housing loan, a sanction letter detailing the loan amount, tenure, applicable interest rate, repayment mode and other special conditions required to be fulfilled by the applicants is issued.
Disbursement Process: The housing loan disbursement process begins with submitting the original property related documents to HDFC Bank. In case the property is an under-construction property, disbursement is done in tranches according to the construction linked payment plan provided by the developer. In the case of construction/home improvement/home extension loans, disbursement is done as per the progress of construction/improvement as per the estimate provided. For second sale / resale properties the complete loan amount is disbursed at the time of execution of a sale deed.
Repayment of home loans is done through Equated Monthly Installments (EMIs), which is a combination of interest and principal. In the case of loans for resale homes, EMI begins from the month subsequent to the month in which disbursement of the loan is done. In the case of loans for under-construction properties, EMI usually begins once the construction is complete and the house loan is fully disbursed. Customers can however also choose to begin their EMIs sooner. The EMIs will proportionately increase with every partial disbursement made as per the progress of construction.
The following types of Home Loans products are usually offered in India by Housing Finance Institutions:
These are Loans availed for:
1. The purchase of a flat, row house, bungalow from private developers in approved projects;
2. 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 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.
Transferring your outstanding home loan availed from another Bank / Financial Institution to HDFC Bank is known as a balance transfer loan.
House Renovation Loan 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 helps you to extend or add space to your home such as additional rooms and floors etc.
Yes. You can avail two home loans at the same time. However, the approval of your loan depends on your repayment capacity. It is up to HDFC Bank to assess your eligibility and ability to repay the EMIs for two home loans.
For your convenience, HDFC Bank offers various modes for repayment of your house 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.
The maximum repayment tenure depends on the type of housing loans you are availing, your profile, age, maturity of loan etc.
For home loans and balance transfer loans, the maximum tenure is 30 years or till the age of retirement, whichever is lower.
For Home Extension Loans, the maximum tenure is 20 years or till the age of retirement, whichever is lower.
For Home Renovation and Top-Up Loans, the maximum tenure is 15 years or till the age of retirement, whichever is lower.
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 first 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 disbursement
Pre-EMI is the monthly payment of interest on your Housing loan. This amount is paid during the period till the full disbursement of the loan. Your actual loan tenure — and EMI (comprising of both principal and interest) payments — begins once the Pre-EMI phase is over i.e. post the house loan has been fully disbursed.
All co-owners of the property need to be co-applicants to the house loan. Generally, co-applicants are close family members.
Your housing loan interest rate depends on the type of loan you choose. There are two types of loans:
In an adjustable or floating rate loan, the interest rate on your loan is linked to your lender’s benchmark rate. Any movement in the benchmark rate will effectuate a proportionate change in your applicable interest rate. The interest rates are reset at defined intervals. The reset can be according to the financial calendar, or they can be unique to each customer, depending on the first date of disbursement. HDFC Bank may at its sole discretion, at any point during the subsistence of the loan agreement, alter the interest rate reset cycle on a prospective basis.
A combination loan is part fixed and part floating. Post the fixed rate tenure, the loan switches to an adjustable rate.
Yes. You can prepay your home loan (in part or in full) before the completion of your actual loan tenure. Please note that while there are no prepayment charges on floating rate home loans unless the same availed for business purposes.
No. You don’t need to have a guarantor for your home loan. You will only be asked for a guarantor in certain situations, namely:
No. Housing loan insurance is not mandatory. However, it is advisable that you buy insurance for protection against any unforeseeable circumstances.
A housing loan provisional certificate is a summary of the interest and the principal amounts repaid by you towards your loan during a financial year. It is provided to you by HDFC Bank and is required for claiming tax deductions. If you are an existing customer, you can easily download your provisional home loan provisional certificate from our online portal .
Our HDFC Bank Reach Loans make home buying possible for micro-entrepreneurs and salaried individuals who may or may not have sufficient proof of income documentation. You can apply for a house loan with minimal income documentation with HDFC Bank Reach.
HDFC Bank disburses loans for under construction properties in installments based on the progress of construction. Every installment disbursed is known as a 'part' or a 'subsequent' disbursement.
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.
Securing a housing loan from HDFC bank is a simple and involves meeting certain criteria such as a stable income, good credit score, and a reasonable debt-to-income ratio. The loan amount is determined by factors like creditworthiness and other bank policies. Essential documents include proof of income, KYC, employment verification, and details about assets and debts. To enhance approval chances, it is advisable to maintain a healthy credit score, save for a down payment, and minimize outstanding debts. Various loan types, including fixed-rate, adjustable-rate, etc cater to different needs, allowing borrowers to choose the option that best aligns with their financial situation and preferences.
Rates Offered to Customer (Past Quarter) | ||||||
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Segment | IRR | APR | ||||
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 |
Home loan approval in 4 simple steps.
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*Applicable only to salaried individuals.
Step by Step Process of How to Apply for a Home Loan
Visit the website of the online home loan provider – https://www.hdfc.com
Click on ‘Apply for Home Loan'
To find out the home loan amount you are eligible for, click on ‘Check Eligibility’.
Under the ‘Basic information’ tab, select the type of housing loan you are looking for (home loan, house renovation loans, plot loans, etc.). You can click on the link beside the loan type for more information.
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 home loan application, select the number of co-applicants (you can have a maximum of 8 co-applicants).
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.
You will then be taken to the ‘Offers’ tab where you will see home 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.
Select the loan product you would like to apply for. You will be taken to the home 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’.
You will then be required to upload all the documents.
Now all you have to do is pay the processing fees and your online housing loan application is complete.
HDFC Bank is one of India’s leading private banks and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank in 1994.
As of March 31, 2023, the Bank had a nationwide distribution network of 7,821 branches and 19,727 ATMs / Cash Deposit & Withdrawal Machines (CDMs) across 3,811 cities / towns.HDFC Bank’s end-to-end digital home loan application process, integrated home loan 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 Bank's quick and easy apply online module.
The following points need to be kept in mind before applying for a home loan
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.
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 HDFC Bank’s products and services kindly visit the nearest HDFC Bank branch.
Click here for the Most Important Terms and Conditions pertaining to your loan.
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EMI break-down chart
Min (%) | Max (%) | Wt Avg. (%) | Mean (%) |
---|---|---|---|
8.30 | 13.50 | 8.80 | 9.88 |
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.
HDFC's Retail Prime Lending Rate (RPLR) Housing is being increased by 25 bps to 18.55% w.e.f March 1, 2023
HDFC's Retail Prime Lending Rate (RPLR) Non-Housing is also being increased by 25 bps to 12.20% w.e.f March 1, 2023