Plot Loans From HDFC

When you own a plot of land, you can build a space that is uniquely yours. HDFC's Plot Loans help you acquire the land for your home so that you can start turning your dream home into reality.

  • Loans for purchase of a plot through direct allotment

  • Loans for purchase of a resale plot

  • Loans for transferring your outstanding loan availed from another Bank / Financial Institution

  • No Hidden Charges

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

  • Customised repayment options to suit your needs

  • Expert legal and technical counselling

Interest Rates

For Salaried

SPECIAL PLOT LOAN RATES

Adjustable Rate Loan

Retail Prime Lending Rate: 16.05%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)6.85 - 7.35
For Others* (upto 30 Lakhs)6.90 - 7.40
For Women* (30.01 Lakhs to 75 Lakhs)7.10 - 7.60
For Others* (30.01 Lakhs to 75 Lakhs)7.15 - 7.65
For Women* (75.01 Lakhs & Above)7.20 - 7.70
For Others*(75.01 Lakhs & Above)7.25 - 7.75

To read terms & Conditions, Click Here

STANDARD PLOT LOAN RATES

Adjustable Rate Loan

Retail Prime Lending Rate: 16.05%

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 to 75 Lakhs)7.30 to 7.80
For Others* (30.01 Lakhs to 75 Lakhs)7.35 to 7.85
For Women* (75.01 Lakhs & Above)7.40 to 7.90
For Others*(75.01 Lakhs & Above)7.45 to 7.95

*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: 16.05%

Loan Slab Home Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)7.50 to 8.00
For Others* (upto 30 Lakhs)7.55 to 8.05
For Women* (30.01 Lakhs to 75 Lakhs)7.65 to 8.15
For Others* (30.01 Lakhs to 75 Lakhs)7.70 to 8.20
For Women* (75.01 Lakhs & Above)7.75 to 8.25
For Others*(75.01 Lakhs & Above)7.80 to 8.30

To read terms & Conditions, Click Here

Plot Loan Details

You can apply individually or jointly for Plot 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 lacs80% 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 plot and repayment capacity of the customer, as assessed by HDFC.
**May be restricted up to 70% of the cost / value of the plot, if the plot is located outside the city limits.
The above mentioned funding limits are applicable for direct allotment cases only.

You may spread out your payments for the loan over a maximum term of 15 years.

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

Documents and Charges

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

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
  • Copy of Allotment Letter / Buyer Agreement
  • Title Deeds including the previous chain of the property documents in resale cases
  • Own Contribution Proof
  • Employment Contract / Appointment Letter in case current employment is less than 1 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.’

The following is an indicative list of fees / other 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  ₹300**
List Of Documents Up to ₹500
Photo Copy Of Documents Up to ₹500
PDC Swap Up to ₹500
Disbursement Cheque Cancellation Charge Post Disbursement Up to ₹500
Re-Appraisal Of Loan After 6 Months From Sanction Up to ₹2,000 plus applicable taxes
A. Adjustable Rate Loans (ARHL)

and

Combination Rate Home Loan (“CRHL”)
during the period of applicability of the
Variable Rate of interest
For any loan sanctioned to individual borrowers with or without co-obligants on a floating rate , 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 purpose.

The following loans shall qualify as business loans

1. LRD loans

2. Loans against property / Home Equity Loan for Business Purpose i.e. Working Capital, Debt Consolidation, Repayment of Business Loan, Expansion of business, Acquisition of Business asset or any similar end usage of funds.

3. Non Residential properties

4. Non Residential Equity Loan

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

For Part prepayment of loans sanctioned for business purpose

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 applicable taxes / statutory levies,of the amounts being so prepaid;

ii. Upon the expiry of the first six (6) months and up till 36 months from the date of first disbursement, 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 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 from the date of first disbursement, 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.

a) The Borrower will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of 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. Borrowers 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
For all loans disbursed with or without co-obligants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies, 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.

For Part prepayment

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 applicable taxes / statutory levies, 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 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.

a) The Borrower will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of 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 quantification and applicability of prepayment charges as mentioned above are prevalent as on date, and may be subject to periodical review/ change as per the policies of HDFC. Accordingly the same may vary from time to time or on the date of actual application. Borrowers are requested to keep themselves updated by refering 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 / Renovation)

Conversion Fees On Conversion On every Spread change Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap ₹50000 plus taxes whichever is lower.

Switching to Variable Rate Loan from Fixed Rate Loan (Housing / Extension / Renovation)

Conversion Fees On Conversion Once Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap ₹50000 plus taxes whichever is lower.

Switch from Combination Rate Home Loan fixed rate to Variable rate

Conversion Fees On Conversion Once 1.75% of the Principal Outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.

Switch to Lower Rate (Non–Housing Loans)

Conversion Fees On Conversion On every Spread change Half of the spread difference on the principal outstanding and undisbursed amount (if any) plus taxes, with a minimum fee of 0.5% and Max. 1.50%.

Switch to Lower Rate (Plot Loans)

Conversion Fees On Conversion On every Spread change 0.5% of principal outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.

Switch to a RPLR-NH Benchmark Rate (Non–Housing Loans) and corresponding spread

Conversion Fees On conversion where the resultant rate of interest remains the same On change of bench- mark rate and/or change of Spread Change NIL

Switch to a RPLR-NH Benchmark Rate (Non–Housing Loans) and corresponding spread

Conversion Fees On conversion where the resultant rate of interest is lowered On change of benchmark rate and/ or change of Spread Change Half of the spread difference on the principal outstanding and undisbursed amount (if any) plus taxes, with a minimum fee of 0.5% and Max. 1.50%

Switch to Lower Rate (Loans under HDFC Reach)- Variable Rate

Conversion Fees On Conversion On every Spread change Upto 1.50% of the principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of conversion.

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's EMI calculator for a home loan can help you make an informed decision about buying a new house. The EMI calculator is useful in planning your cashflows for servicing your home loan. HDFC offers home loans with EMIs starting from ₹649 per lac and interest rates starting from 6.75%* 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
19,009
25,00,000
20,62,183
45,62,183

Home Loan Amortization Schedule

YearOpening BalanceEMI*12Interest paid yearlyPrincipal paid yearlyClosing Balance
125,00,0002,28,1091,66,87961,23124,38,769
224,38,7692,28,1091,62,61565,49423,73,276
323,73,2762,28,1091,58,05570,05423,03,222
423,03,2222,28,1091,53,17774,93222,28,290
522,28,2902,28,1091,47,96080,14921,48,141
621,48,1412,28,1091,42,37985,73020,62,411
720,62,4112,28,1091,36,41091,69919,70,712
819,70,7122,28,1091,30,02598,08418,72,628
918,72,6282,28,1091,23,1961,04,91317,67,715
1017,67,7152,28,1091,15,8911,12,21816,55,497
1116,55,4972,28,1091,08,0781,20,03115,35,466
1215,35,4662,28,10999,7201,28,38914,07,077
1314,07,0772,28,10990,7811,37,32812,69,748
1412,69,7482,28,10981,2191,46,89011,22,858
1511,22,8582,28,10970,9911,57,1189,65,740
169,65,7402,28,10960,0511,68,0587,97,682
177,97,6822,28,10948,3501,79,7596,17,922
186,17,9222,28,10935,8341,92,2764,25,647
194,25,6472,28,10922,4462,05,6632,19,983
202,19,9832,28,1098,1262,19,9830

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.

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.

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.

Frequently Asked Questions

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.

What does an EMI mean?

EMI refers to the ‘Equated Monthly Installment’ which is the amount you will pay to us on a specific date each month till the loan is repaid in full. The EMI comprises of the principal and interest components which are structured in a way that in the initial years of your loan, the interest component is much larger than the principal component, while towards the latter half of the loan, the principal component is much larger.

When can I make a home loan application?

You can apply for a Home Loan 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.

What does ‘own contribution’ mean?

‘Own Contribution’ is the total cost of the property less HDFC’s home 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.

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.

Key Benefits & Features

When you own a plot of land, you can build a space that is uniquely yours. HDFC's Plot Loans help you acquire the land for your home so that you can start turning your dream home into reality.

  • Loans for purchase of a plot through direct allotment

  • Loans for purchase of a resale plot

  • Loans for transferring your outstanding loan availed from another Bank / Financial Institution

  • No Hidden Charges

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

  • Customised repayment options to suit your needs

  • Expert legal and technical counselling

  • Zero prepayment charges

Interest Rates

For Self Employed Professionals

SPECIAL PLOT LOAN RATES

Adjustable Rate Loan

Retail Prime Lending Rate: 16.05%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)6.85 - 7.35
For Others* (upto 30 Lakhs)6.90 - 7.40
For Women* (30.01 Lakhs to 75 Lakhs)7.10 - 7.60
For Others* (30.01 Lakhs to 75 Lakhs)7.15 - 7.65
For Women* (75.01 Lakhs & Above)7.20 - 7.70
For Others*(75.01 Lakhs & Above)7.25 - 7.75

To read terms & Conditions, Click Here

STANDARD PLOT LOAN RATES

Adjustable Rate Loan

Retail Prime Lending Rate: 16.05%

Loan AmountHome 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 to 75 Lakhs)7.30 to 7.80
For Others* (30.01 Lakhs to 75 Lakhs)7.35 to 7.85
For Women* ( 75.01 Lakhs & Above)7.40 to 7.90
For Others*( 75.01 Lakhs & Above)7.45 to 7.95

*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: 16.05%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)7.50 to 8.00
For Others* (upto 30 Lakhs)7.55 to 8.05
For Women* (30.01 Lakhs to 75 Lakhs)7.65 to 8.15
For Others* (30.01 Lakhs to 75 Lakhs)7.70 to 8.20
For Women* (75.01 Lakhs & Above)7.75 to 8.25
For Others*(75.01 Lakhs & Above)7.80 to 8.30

To read terms & Conditions, Click Here

For Self Employed Non Professionals

SPECIAL PLOT LOAN RATES

Adjustable Rate Loan

Retail Prime Lending Rate: 16.05%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)7.00 - 7.50
For Others* (upto 30 Lakhs)7.05 - 7.55
For Women* (30.01 Lakhs to 75 Lakhs)7.25 - 7.75
For Others* (30.01 Lakhs to 75 Lakhs)7.30 - 7.80
For Women* (75.01 Lakhs & Above)7.35 - 7.85
For Others*(75.01 Lakhs & Above)7.40 - 7.90

To read terms & Conditions, Click Here

STANDARD PLOT LOAN RATES

Adjustable Rate Loan

Retail Prime Lending Rate: 16.05%

Loan SlabInterest Rates (% p.a.)
For Women* (Upto 30 Lakhs)7.20 to 7.70
For Others* (Upto 30 Lakhs)7.25 to 7.75
For Women* (30.01 Lakhs to 75 Lakhs)7.45 to 7.95
For Others* (30.01 Lakhs to 75 Lakhs)7.50 to 8.00
For Women* ( 75.01 Lakhs & Above)7.55 to 8.05
For Others*( 75.01 Lakhs & Above)7.60 to 8.10

*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: 16.05%

Loan SlabInterest Rates (% p.a.)
For Women* (upto 30 Lakhs)7.65 to 8.15
For Others* (upto 30 Lakhs)7.70 to 8.20
For Women* (30.01 Lakhs to 75 Lakhs)7.80 to 8.30
For Others* (30.01 Lakhs to 75 Lakhs)7.85 to 8.35
For Women* ( 75.01 Lakhs & Above)7.90 to 8.40
For Others*( 75.01 Lakhs & Above)7.95 to 8.45

To read terms & Conditions, Click Here

Plot Loan Details

You can apply individually or jointly for Plot 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
  • Commission Agent
  • Contractor etc.
PLAN YOUR HOME

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

Loan AmountMaximum Funding*
Up to and including ₹30 lacs80% 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 plot and repayment capacity of the customer, as assessed by HDFC.
**May be restricted up to 70% of the cost / value of the plot, if the plot is located outside the city limits.
The above mentioned funding limits are applicable for direct allotment cases only.

You may spread out your payments for the loan over a maximum term of 15 years.

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

Documents and Charges

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

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
  • Copy of Allotment Letter / Buyer Agreement
  • Title Deeds including the previous chain of the property documents in resale cases
  • 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.’

  • Own Contribution Proof

The following is an indicative list of fees / other 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  ₹300**
List Of Documents Up to ₹500
Photo Copy Of Documents Up to ₹500
PDC Swap Up to ₹500
Disbursement Cheque Cancellation Charge Post Disbursement Up to ₹500
Re-Appraisal Of Loan After 6 Months From Sanction Up to ₹2,000 plus applicable taxes
A. Adjustable Rate Loans (ARHL)

and

Combination Rate Home Loan (“CRHL”)
during the period of applicability of the
Variable Rate of interest
For any loan sanctioned to individual borrowers with or without co-obligants on a floating rate , 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 purpose.

The following loans shall qualify as business loans

1. LRD loans

2. Loans against property / Home Equity Loan for Business Purpose i.e. Working Capital, Debt Consolidation, Repayment of Business Loan, Expansion of business, Acquisition of Business asset or any similar end usage of funds.

3. Non Residential properties

4. Non Residential Equity Loan

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

For Part prepayment of loans sanctioned for business purpose

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 applicable taxes / statutory levies,of the amounts being so prepaid;

ii. Upon the expiry of the first six (6) months and up till 36 months from the date of first disbursement, 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 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 from the date of first disbursement, 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.

a) The Borrower will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of 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. Borrowers 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
For all loans disbursed with or without co-obligants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies, 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.

For Part prepayment

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 applicable taxes / statutory levies, 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 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.

a) The Borrower will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of 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 quantification and applicability of prepayment charges as mentioned above are prevalent as on date, and may be subject to periodical review/ change as per the policies of HDFC. Accordingly the same may vary from time to time or on the date of actual application. Borrowers are requested to keep themselves updated by refering 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 / Renovation)

Conversion Fees On Conversion On every Spread change Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap ₹50000 plus taxes whichever is lower.

Switching to Variable Rate Loan from Fixed Rate Loan (Housing / Extension / Renovation)

Conversion Fees On Conversion Once Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap ₹50000 plus taxes whichever is lower.

Switch from Combination Rate Home Loan fixed rate to Variable rate

Conversion Fees On Conversion Once 1.75% of the Principal Outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.

Switch to Lower Rate (Non–Housing Loans)

Conversion Fees On Conversion On every Spread change Half of the spread difference on the principal outstanding and undisbursed amount (if any) plus taxes, with a minimum fee of 0.5% and Max. 1.50%.

Switch to Lower Rate (Plot Loans)

Conversion Fees On Conversion On every Spread change 0.5% of principal outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.

Switch to a RPLR-NH Benchmark Rate (Non–Housing Loans) and corresponding spread

Conversion Fees On conversion where the resultant rate of interest remains the same On change of bench- mark rate and/or change of Spread Change NIL

Switch to a RPLR-NH Benchmark Rate (Non–Housing Loans) and corresponding spread

Conversion Fees On conversion where the resultant rate of interest is lowered On change of benchmark rate and/ or change of Spread Change Half of the spread difference on the principal outstanding and undisbursed amount (if any) plus taxes, with a minimum fee of 0.5% and Max. 1.50%

Switch to Lower Rate (Loans under HDFC Reach)- Variable Rate

Conversion Fees On Conversion On every Spread change Upto 1.50% of the principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of conversion.

Frequently Asked Questions

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.

EMI refers to the ‘Equated Monthly Installment’ which is the amount you will pay to us on a specific date each month till the loan is repaid in full. The EMI comprises of the principal and interest components which are structured in a way that in the initial years of your loan, the interest component is much larger than the principal component, while towards the latter half of the loan, the principal component is much larger.

You can apply for a Home Loan 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.

‘Own Contribution’ is the total cost of the property less HDFC’s 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.

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.