Home Loan Interest Rates

All rates are benchmarked to Policy Repo Rate. Current applicable Repo Rate = 6.50%

Special Home Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab Interest Rates (% p.a.)
For All Loans* Policy Repo Rate + 2.25% to 3.15% = 8.75% to 9.65%
Standard Home Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
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).

Home Loan Calculators

Get an estimate of your home loan and home buying budget and own your dream home with
HDFC Bank Home Loans with super ease.

Documents for Home Loan

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

Home Loan Charges

Non-Housing Charges on Home Loans

Home Loan Eligibility

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
Age 18-70 years
Profession Salaried / Self Employed
Nationality Resident Indian
Tenure Up to 30 years

Classification Of Self Employed

Self-Employed Professional Self Employed Non-Professional (senp)
Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary etc. Trader, Commission Agent, Contractor etc.

How does adding a co-applicant benefit? *

  • Higher loan eligibility with an earning co-applicant.

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


Maximum Funding**
Loans up to and including ₹30 lacs 90% of the 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.



Frequently Asked Questions for Home Loans

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 home 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.

Home 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
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:

  • Income and Repayment Capacity
  • Age
  • Financial Profile
  • Credit History
  • Credit Score
  • Existing Debt/EMIs

HDFC Bank 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.

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:

Home Loan Application & Documentation

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 home loan application. The checklist is indicative and additional documents could be asked for during the home loan sanction process.

Approval & Disbursement of Home Loan

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 home 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 Loan

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:

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 Bank is known as a balance transfer loan.

House Renovation Loans

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

It is a loan 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 home 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:

Adjustable Rate or Floating Rate

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.

Combination Loans

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:

  • When the primary applicant has a weak financial standing
  • When the applicant wants to borrow an amount that is beyond their eligibility.
  • When the applicant earns less than the established minimum income criteria.

No. Home loan insurance is not mandatory. However, it is advisable that you buy insurance for protection against any unforeseeable circumstances.

A home loan provisional certificate is a summary of the interest and the principal amounts repaid by you towards your home 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.

The Pradhan Mantri Awas Yojana (PMAY) (URBAN)-Housing for All was a mission that was launched by the Government of India with the aim of boosting home ownership. The PMAY scheme caters to Economical Weaker Section (EWS)/Lower Income Group(LIG) and Middle Income Groups (MIG) of the society, given the projected growth of urbanization & the consequent housing demands in India.

Credit Linked Subsidy Scheme (CLSS) under PMAY makes the home finance affordable as the subsidy provided on the interest component reduces the outflow of the customer on the home loan. The subsidy amount under the scheme largely depends on the category of income that a customer belongs to and the size of the property unit being financed.

Securing a home 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 during the period Jan'24 to Mar'24
Segment IRR APR
Min Max Avg. Min Max Avg.
HOUSING 8.25 12.75 8.52 8.25 12.75 8.52
NON - HOUSING* 8.35 15.05 9.34 8.35 15.05 9.34

Home Loan Benefits

End to end digital process

Home loan approval in 4 simple steps.

Customised Repayment Options

Tailor-made home loans to suit your requirements.

Easy documentation

Apply with minimal documents, save time and effort.

24x7 assistance

Connect with us on Chat, WhatsApp anytime, anywhere

Online loan account

Login to your account to conveniently manage your 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 Home Loan 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 Loan Repayment Options

Step Up Repayment Facility (SURF)*

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.

Flexible Loan Installments Plan (FLIP)*

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. 

Tranche Based EMI

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.

Accelerated Repayment Scheme

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.

*Applicable only to salaried individuals.

Home Loan Application Process

Step by Step Process of How to Apply 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 home loan amount you are eligible for, click on ‘Check Eligibility’. 

Step 4

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.

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 home 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 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.

Step 8

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’.

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 housing loan application is complete.

Why Apply for a Home Loan with HDFC Bank

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.

Things To Check/Do Before You Apply For A Home Loan

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

  • Check your loan eligibility before starting your home loan application.
  • Read the FAQs before starting your loan application process.
  • Go through the list of documents required and keep them ready 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.
  • Be clear about the type of home loan you need (home loan, house renovation loan, plot loan, etc.)

Advantages Of Availing A Home Loan

1. It helps you avail funds for home purchase

It can take years to accumulate sufficient funds for buying a house. However, you don’t need to wait this long. You can simply take a home loan to purchase your dream house.

2. It offers Tax Benefits

A home loan offers income tax benefit on the interest and principal repayments. You can claim tax deduction on principal repayments u/s 80C and on interest repayments u/s 24B.

3. Low interest rates

Interest rates on home loan are lower than other types of loans. Availing a housing loan has become very affordable today.

4. Customised repayment options

Home loan providers tailor your home loan repayment to suit your requirements.

How Do I Improve My Chances Of Getting A Home Loan?

  • 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.
  • Avoid frequent job changes as this presents a picture of instability.
  • 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.
  • Check with the lender if the property that you have shortlisted will be considered for a housing loan. At the same time, do an independent due diligence.
  • Ensure that the documentation of your home loan application is in order as per the requirement of the lender.
  • You can take the following steps to improve your chances of getting a home loan

Do’s and Dont's while Applying for a Home Loan

  • Check your housing loan eligibility before starting your home loan application.
  • Go through the list of documents required and keep them ready before starting your online application process
  • Be clear about the type of loan you need (home loan, house renovation loan, plot loan, etc.)
  • Read the FAQs before starting your loan application process
  • You could use the online chat facility if you have any queries.
  • Make sure you provide all the details that the home loan provider will need to process your application.

  • Avoid making an application for an adhoc loan amount without checking your eligibility
  • Don’t leave out submitting important documents. 
  • Don’t ignore you CIBIL score while making your loan application (your score has an impact on your loan application)

HDFC Bank 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 Bank.

Other Conditions

All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC Bank’s products and services. For detailed information about 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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15 Years

Interest Rate

8.50% p.a.



20 Years


8.50% p.a.



30 Years


8.50% p.a.

For credit score of 800 and above*

* These rates are as on today,

Not sure what's right for you?

"Appreciate the quick service and understanding at HDFC Housing Finance"
- Avinashkumar Rajpurohit,Mumbai

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