Interest Rates

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

Special Home Loan Rates for Salaried, Self Employed & Agriculturists
Loan Slab Interest Rates (% p.a.)
For All Loans* Policy Repo Rate + 2.05% to 3.40% = 8.55% to 9.90%
Standard Home Loan Rates for Salaried, Self Employed & Agriculturists
Loan Slab Interest Rates (% p.a.)
For All Loans* Policy Repo Rate + 2.40% to 3.90% = 8.90% to 10.40%

*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).

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

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:

Housing Charges

Non-Housing Charges

Rural Housing Loan Eligibility

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 / Agriculturists
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.

Classification of Agriculturists

  • Farmers, Horiculturists, Planters, Dairy Farmers, Fish Farmers etc.

How does adding a co-applicant benefit? *

  • Higher loan eligibility with an earning co-applicant.

Specially designed loans to Agriculturists, Planters, Horticulturists, Dairy Farmers, Fish Farmers for purchasing an under construction / new / existing residential property in the rural and urban areas.

 

*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 plot and repayment capacity of the customer, as assessed by HDFC Bank.

Testimonials

Frequently Asked Questions

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.

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.

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

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.

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.

Rates Offered to Customer during the period Oct'23 to Dec'23
Segment IRR APR
Min Max Avg. Min Max Avg.
HOUSING 8.30 12.60 8.48 8.30 12.60 8.48
NON - HOUSING* 8.35 13.55 9.23 8.35 13.55 9.23
*NON - HOUSING = LAP(EQUITY), NON-RESIDENTIAL PREMISES & INSURANCE PREMIUM FUNDING LOAN  

Rural Housing Loan Benefits

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

Specially designed loans to Agriculturists, Planters, Horticulturists, Dairy Farmers, Fish Farmers for purchasing an under construction / new / existing residential property in the rural and urban areas.

Construct your home on a freehold / lease hold residential plot in the rural and urban areas.

Enhance your home in many ways such as tiling and flooring, internal and external plaster and painting etc. 

Extend / add space to your home such as additional rooms etc.

For Agriculturists, no mortgage of agricultural land is required to avail the Home Loan

Longer tenure of 20 years for Agriculturists.

Loans also available for the Salaried / Self-Employed for purchasing a under construction / new / existing residential property in your village.

No mandatory requirement of Income Tax Returns from Agriculturists applying for the Home Loan

Customized repayment options to suit your needs.

Attractive interest rates.

No hidden charges.

Terms & Conditions

Security

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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LOAN TENURE

15 Years

Interest Rate

8.50% p.a.

MOST POPULAR

LOAN TENURE

20 Years

INTEREST RATE

8.50% p.a.

TAKE IT EASY

LOAN TENURE

30 Years

INTEREST RATE

8.50% p.a.

For credit score of 800 and above*

* These rates are as on today,

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

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