Top Up Loans
A Top Up Loan is an additional loan provided by a housing finance company on an existing home loan, with minimal new documentation.
Sometimes dreams need a little extra help. With HDFC's Top Up Loans you can celebrate your personal or professional milestones such as marriage, a dream vacation, business expansion, debt consolidation etc. Let your dream fuel more dreams.
- Loans for a variety of personal or professional needs (other than for speculative purposes)
- Avail of a maximum Top Up Loan of ₹50 lacs
- Attractive interest rates
- Easy and hassle free documentation
- Loans for existing customers as well as new customers availing of our Balance Transfer Facility
- Simple repayments through monthly instalments
- Integrated branch network for availing and servicing the loan anywhere in India
Top Up Loan Interest Rates
For Salaried
SPECIAL TOP UP LOAN RATES
Retail Prime Lending Rate: 16.05%
| Loan Slab (Outstanding Home Loan + Top Up Loan) | Interest Rates (% p.a.) |
|---|---|
| Top Up Loan for Existing customers | 7.60 to 8.10 |
| Loan Slab (Simultaneous Loans) | Interest Rates (% p.a.) |
|---|---|
| For Women* (upto 30 Lakhs) | 7.00 to 7.50 |
| For Others* (upto 30 Lakhs) | 7.05 to 7.55 |
| For Women* (30.01 Lakhs to 50 Lakhs) | 7.25 to 7.75 |
| For Others* (30.01 Lakhs to 50 Lakhs) | 7.30 to 7.80 |
STANDARD TOP UP LOAN RATES
Retail Prime Lending Rate: 16.05%
| Loan Slab (Outstanding Home Loan + Top Up Loan) | Interest Rates (% p.a.) |
|---|---|
| Top Up Loan for Existing customers | 8.30 to 8.80 |
| Loan Slab (Simultaneous Loans) | Interest 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 50 Lakhs) | 7.45 to 7.95 |
| For Others* (30.01 Lakhs to 50 Lakhs) | 7.50 to 8.00 |
To read terms & Conditions,Click Here
TruFixed Loan – 2 Year Fixed Rate Variant
Retail Prime Lending Rate: 16.05%
| Loan Slab (Outstanding Home Loan + Top Up Loan) | Interest Rates (% p.a.) |
|---|---|
| Top Up Loan for Existing customers | 8.65 to 9.15 |
| Loan Slab (Simultaneous Loans) | Interest 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 50 Lakhs) | 7.80 to 8.30 |
| For Others* (30.01 Lakhs to 50 Lakhs) | 7.85 to 8.35 |
To read terms & Conditions, Click Here
Top Up Loan Details
All customers with an existing Home Loan, House Renovation Loans or a Home Extension Loan can apply for a Top Up Loan.
Who can Apply?
AGE
21-65 years
PROFESSION
Salaried / Self Employed
NATIONALITY
Resident Indian
GENDER
All Genders
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?
The maximum Top Up Loan that you can avail of is equivalent to your originally sanctioned loan amount of all the Home Loans put together or ₹50 lacs, whichever is lower.
This is further subject to the cumulative outstanding loans plus the Top Up being offered not exceeding an overall cap of 80% for cumulative exposure up to ₹75 lacs & 75% if the cumulative exposure is over ₹75 lacs of the Market Value of the mortgaged property, as assessed by HDFC.
You can apply for a Top Up Loan after 12 months' of the final disbursement of your existing Home Loan and upon possession / completion of the existing financed property or basis the last 12 months' track record of the Top Up Loan being refinanced from another institution, subject to possession / completion of the property.
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.
Top Up Loan 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
- Last 3 months' Salary Slips
- Last 6 months' Bank Statements, showing salary credits
- Latest Form-16 and IT returns
- Title Deeds including the previous chain of the property documents
- 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.’
- Own contribution proof
- Declaration and documents clearly stating the end use of the loan
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
| Document 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. |
Home Loan Recommended Articles
Calculators
Get the peace of mind by knowing all the details about your loan
HomeLoan: Home Loan EMI Calculator - HDFC Home Loans
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
Home Loan Amortization Schedule
| Year | Opening Balance | EMI*12 | Interest paid yearly | Principal paid yearly | Closing Balance |
|---|---|---|---|---|---|
| 1 | 25,00,000 | 2,28,109 | 1,66,879 | 61,231 | 24,38,769 |
| 2 | 24,38,769 | 2,28,109 | 1,62,615 | 65,494 | 23,73,276 |
| 3 | 23,73,276 | 2,28,109 | 1,58,055 | 70,054 | 23,03,222 |
| 4 | 23,03,222 | 2,28,109 | 1,53,177 | 74,932 | 22,28,290 |
| 5 | 22,28,290 | 2,28,109 | 1,47,960 | 80,149 | 21,48,141 |
| 6 | 21,48,141 | 2,28,109 | 1,42,379 | 85,730 | 20,62,411 |
| 7 | 20,62,411 | 2,28,109 | 1,36,410 | 91,699 | 19,70,712 |
| 8 | 19,70,712 | 2,28,109 | 1,30,025 | 98,084 | 18,72,628 |
| 9 | 18,72,628 | 2,28,109 | 1,23,196 | 1,04,913 | 17,67,715 |
| 10 | 17,67,715 | 2,28,109 | 1,15,891 | 1,12,218 | 16,55,497 |
| 11 | 16,55,497 | 2,28,109 | 1,08,078 | 1,20,031 | 15,35,466 |
| 12 | 15,35,466 | 2,28,109 | 99,720 | 1,28,389 | 14,07,077 |
| 13 | 14,07,077 | 2,28,109 | 90,781 | 1,37,328 | 12,69,748 |
| 14 | 12,69,748 | 2,28,109 | 81,219 | 1,46,890 | 11,22,858 |
| 15 | 11,22,858 | 2,28,109 | 70,991 | 1,57,118 | 9,65,740 |
| 16 | 9,65,740 | 2,28,109 | 60,051 | 1,68,058 | 7,97,682 |
| 17 | 7,97,682 | 2,28,109 | 48,350 | 1,79,759 | 6,17,922 |
| 18 | 6,17,922 | 2,28,109 | 35,834 | 1,92,276 | 4,25,647 |
| 19 | 4,25,647 | 2,28,109 | 22,446 | 2,05,663 | 2,19,983 |
| 20 | 2,19,983 | 2,28,109 | 8,126 | 2,19,983 | 0 |
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
Your Home Loan Eligibility
Your Home Loan EMI will be
Get the peace of mind by knowing all the details about your loan
You are eligible for a Loan Amount upto
Property Cost
Find out the savings in EMI
Existing Loan
Loan from HDFC Home Loans
Total saving in Cash outflow
Existing EMI
Proposed EMI
Saving in EMI
Top Up Loan FAQs
What is a Top Up Loan?
Top Up Loans can be availed for personal and professional needs(other than for speculative purposes) like marriage, Child's education, business expansion, debt consolidation etc.
Who can avail a Top Up Loan ?
All customers with an existing Home Loan, Home Improvement Loan or a Home Extension Loan can apply for a Top Up Loan. New customers availing of our Balance Transfer loan can also additionally avail a top up loan from HDFC. You can apply for a Top Up Loan after 12 months' of the final disbursement of your existing Home Loan and upon possession / completion of the existing financed property.
What's is the maximum amount that can be availed as a top up loan?
The maximum Top Up Loan that you can avail of is equivalent to your originally sanctioned loan amount of all the Home Loans put together or Rs. 50 lacs, whichever is lower. This is further subject to the cumulative outstanding loans plus the Top Up being offered not exceeding an overall cap of 80% for cumulative exposure up to Rs. 75 lacs & 75% if the cumulative exposure is over Rs. 75 lacs of the Market Value of the mortgaged property, as assessed by HDFC.
What is the maximum term for which I can avail a Top Up Loan ?
You can avail a top up loan for a maximum term of 15 years or till your age of retirement ,whichever is lower.
What is the security that I have to provide for a Top Up Loan ?
Security of the loan would generally be security interest on the property being financed by us and / or any other collateral / interim security as may be required by us.
Can I avail a top up loan along with a balance transfer loan ?
Yes. Top loan can be availed in addition to a balance transfer loan from HDFC.
What are the documents required for a Top Up Loan ?
You can find a checklist regarding documents required and applicable fees & charges on https://www.hdfc.com/checklist#documents-charges
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
A Top Up Loan is an additional loan provided by a housing finance company on an existing home loan, with minimal new documentation.
Sometimes dreams need a little extra help. With HDFC's Top Up Loans you can celebrate your personal or professional milestones such as marriage, a dream vacation, business expansion, debt consolidation etc. Let your dream fuel more dreams.
- Loans for a variety of personal or professional needs (other than for speculative purposes)
- Avail of a maximum Top Up Loan of ₹50 lacs
- Attractive interest rates
- Easy and hassle free documentation
- Loans for existing customers as well as new customers availing of our Balance Transfer Facility
- Simple repayments through monthly instalments
- Integrated branch network for availing and servicing the loan anywhere in India
Top Up Loan Interest Rates
For Self Employed Professionals
SPECIAL TOP UP LOAN RATES
Retail Prime Lending Rate: 16.05%
| Loan Slab (Outstanding Home Loan + Top Up Loan) | Interest Rates (% p.a.) |
|---|---|
| Top Up Loan for Existing customers | 7.60 to 8.10 |
| Loan Slab (Simultaneous Loans) | Interest Rates (% p.a.) |
|---|---|
| For Women* (upto 30 Lakhs) | 7.00 to 7.50 |
| For Others* (upto 30 Lakhs) | 7.05 to 7.55 |
| For Women* (30.01 Lakhs to 50 Lakhs) | 7.25 to 7.75 |
| For Others* (30.01 Lakhs to 50 Lakhs) | 7.30 to 7.80 |
STANDARD TOP UP LOAN RATES
Retail Prime Lending Rate: 16.05%
| Loan Slab (Outstanding Home Loan + Top Up Loan) | Interest Rates (% p.a.) |
|---|---|
| Top Up Loan for Existing customers | 8.30 to 8.80 |
| Loan Slab (Simultaneous Loans) | Interest 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 50 Lakhs) | 7.45 to 7.95 |
| For Others* (30.01 Lakhs to 50 Lakhs) | 7.50 to 8.00 |
**The above ROI/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 rates above are variable in nature and linked to HDFC's RPLR and shall fluctuate according to the movement in the same. All loans at the sole discretion of HDFC Ltd.
To read terms & Conditions,Click Here
TruFixed Loan – 2 Year Fixed Rate Variant
Retail Prime Lending Rate: 16.05%
| Loan Slab (Outstanding Home Loan + Top Up Loan) | Interest Rates (% p.a.) |
|---|---|
| Top Up Loan for Existing customers | 8.65 to 9.15 |
| Loan Slab (Simultaneous Loans) | Interest 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 50 Lakhs) | 7.80 to 8.30 |
| For Others* (30.01 Lakhs to 50 Lakhs) | 7.85 to 8.35 |
To read terms & Conditions, Click Here
For Self Employed Non Professionals
SPECIAL TOP UP LOAN RATES
Retail Prime Lending Rate: 16.05%
| Loan Slab (Outstanding Home Loan + Top Up Loan) | Interest Rates (% p.a.) |
|---|---|
| Top Up Loan for Existing customers | 7.60 to 8.10 |
| Loan Slab (Simultaneous Loans) | Interest Rates (% p.a.) |
|---|---|
| For Women* (upto 30 Lakhs) | 7.15 to 7.65 |
| For Others* (upto 30 Lakhs) | 7.20 to 7.70 |
| For Women* (30.01 Lakhs to 50 Lakhs) | 7.40 to 7.90 |
| For Others* (30.01 Lakhs to 50 Lakhs) | 7.45 to 7.95 |
STANDARD TOP UP LOAN RATES
Retail Prime Lending Rate: 16.05%
| Loan Slab (Outstanding Home Loan + Top Up Loan) | Interest Rates (% p.a.) |
|---|---|
| Top Up Loan for Existing customers | 8.30 to 8.80 |
| Loan Slab (Simultaneous Loans) | Interest Rates (% p.a.) |
|---|---|
| For Women* (upto 30 Lakhs) | 7.35 to 7.85 |
| For Others* (upto 30 Lakhs) | 7.40 to 7.90 |
| For Women* (30.01 Lakhs to 50 Lakhs ) | 7.60 to 8.10 |
| For Others* (30.01 Lakhs to 50 Lakhs) | 7.65 to 8.15 |
*The above ROI/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 rates above are variable in nature and linked to HDFC's RPLR and shall fluctuate according to the movement in the same. All loans at the sole discretion of HDFC Ltd.
To read terms & Conditions, click here.
TruFixed Loan – 2 Year Fixed Rate Variant
Retail Prime Lending Rate: 16.05%
| Loan Slab (Outstanding Home Loan + Top Up Loan) | Interest Rates (% p.a.) |
|---|---|
| Top Up Loan for Existing customers | 8.65 to 9.15 |
| Loan Slab (Simultaneous Loans) | Interest Rates (% p.a.) |
|---|---|
| For Women* (upto 30 Lakhs) | 7.80 to 8.30 |
| For Others* (upto 30 Lakhs) | 7.85 to 8.35 |
| For Women* (30.01 Lakhs to 50 Lakhs ) | 7.95 to 8.45 |
| For Others* (30.01 Lakhs to 50 Lakhs) | 8.00 to 8.50 |
To read terms & Conditions, Click Here
Top Up Loan Details
All customers with an existing Home Loan, House Renovation Loans or a Home Extension Loan can apply for a Top Up Loan.
Classification of Self Employed Customers
- Doctor
- Lawyer
- Chartered Accountant
- Architect
- Consultant
- Engineer
- Company Secretary, etc.
- Trader
- Commision Agent
- Contractor etc.
What's the maximum funding and the loan payment term?
The maximum Top Up Loan that you can avail of is equivalent to your originally sanctioned loan amount of all the Home Loans put together or ₹50 lacs, whichever is lower.
This is further subject to the cumulative outstanding loans plus the Top Up being offered not exceeding an overall cap of 80% for cumulative exposure up to ₹75 lacs & 75% if the cumulative exposure is over ₹75 lacs of the Market Value of the mortgaged property, as assessed by HDFC.
You may spread out your payments for the loan over a maximum term of 15 years. You can apply for a Top Up Loan after 12 months' of the final disbursement of your existing Home Loan and upon possession / completion of the existing financed property or basis the last 12 months' track record of the Top Up Loan being refinanced from another institution, subject to possession / completion of the property.
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.
Top Up Loan 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
- 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
- Title Deeds including the previous chain of the property documents
-
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.’
-
Declaration and documents clearly stating the end use of the loan
-
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
| Document 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. |
Home Loan Recommended Articles
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.