Sometimes dreams need a little extra help. With HDFC Bank's Top Up Loans you can celebrate your personal or professional milestones such as marriage, a dream vacation, business expansion, debt consolidation etc. with super ease and minimal new documentation. Let your dream fuel more dreams.
| Special Top up Rates for Salaried & Self Employed (Professionals & Non-Professionals) | |
|---|---|
| Loan Slab (Outstanding Home Loan + Top Up Loan) | Interest Rates (% p.a.) |
Top up for existing customers |
Policy Repo Rate + 3.00% to 3.90% = 9.50% to 10.40% |
| Loan Slab (Balance Transfer + Top Up Simultaneous Loan) | Interest Rates (% p.a.) |
|---|---|
For all loan amounts |
Policy Repo Rate + 2.55% to 3.45% = 9.05% to 9.95% |
| Standard Top up Rates for Salaried & Self Employed (Professionals & Non-Professionals) | |
|---|---|
| Loan Slab (Outstanding Home Loan + Top Up Loan) | Interest Rates (% p.a.) |
Top up for existing customers |
Policy Repo Rate + 3.65% to 4.20% = 10.15% to 10.70% |
| Loan Slab (Balance Transfer + Top Up Simultaneous Loan) | Interest Rates (% p.a.) |
|---|---|
For all loan amounts |
Policy Repo Rate + 3.20% to 3.75% = 9.70% to 10.25% |
*The above ROI/EMI is applicable for loans under the Adjustable Rate Home Loan Scheme (Floating Interest rate) of HDFC Bank and is subject to change at the time of disbursement. The rates above are variable in nature and linked to HDFC Bank's Repo Rate and shall fluctuate according to the movement in the same. All loans at the sole discretion of HDFC Bank.
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*HDFC BANK does not source any Home Loan business from any Lending Service Providers (LSPs).
For loan approval, you need to submit the following documents for applicant / all co-applicants along with the completed and signed loan application form.
KYC Documents
KYC Documents
Income Documents
Property Related Documents
Other Requirements
| A | Sr.No. | Mandatory Documents | ||
|---|---|---|---|---|
| 1 | PAN Card or Form 60 (If the customer does not have a PAN Card) | |||
| B | Sr.No. | Description of Officially Valid Documents (OVD) that can be accepted for establishing the legal name & current address of Individuals*[Any one of the following documents can be submitted] | Identity Proof | Address Proof |
| 1 | Passport, the validity of which has not expired. | |||
| 2 | Driving license which has not expired. | |||
| 3 | Election /Voters identification card | |||
| 4 | Job card issued by NREGA duly signed by the officer of the State Government | |||
| 5 | Letter issued by the National Population Register containing details of name, address. | |||
| 6 | Proof of possession of Aadhaar Number (to be obtained voluntarily) |
A document mentioned above shall be deemed to be an OVD even if there is a change in the name subsequent to issuance provided it is supported by a marriage certificate issued by State Government or Gazette notification, indicating such a change of name.
| Document | Salaried | Self Employed Professional | Self Employed Non Professional |
|---|---|---|---|
| Last 3 months' Salary Slips | |||
| Last 6 months' Bank Statements, showing salary credits | |||
| Latest Form-16 and IT returns | |||
Income Tax Returns along with computation of income for at least the last 2 Assessment Years (of both the individual and the business entity and attested by a CA) |
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At least last 2 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules (of both the individual and the business entity and attested by a CA) |
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Last 12 months' Current A/c Statements of the business entity and Savings Account Statements of the individual |
| Document | Salaried | Self Employed Professional | Self Employed Non Professional |
|---|---|---|---|
Title Deeds including the previous chain of the property documents (if not submitted in the existing loan |
| Document | Salaried | Self Employed Professional | Self Employed Non Professional |
|---|---|---|---|
| Own Contribution Proof | |||
Employment Contract / Appointment Letter in case current employment is less than year old |
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Last 6 months' Bank Statements showing repayment of any ongoing loans |
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Passport size photograph of all the applicants / co-applicants to be affixed on the Application form and signed across. |
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Cheque for processing fee favouring HDFC Bank. |
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Business Profile |
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Declaration and documents clearly stating the end use of the loan |
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Latest Form 26 AS |
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List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company |
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Memorandum and Articles of Association of the Company |
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Partnership deed in case of the business entity being a partnership firm |
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Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc. |
*All documents to be self-attested. The above list is indicative in nature and additional documents can be asked for.
Loan Processing Charges
Loan Processing Charges
Pre-Payment /Part Payment Charges
Premature closure charges
Maximum of 1% of loan amount (* Minimum PF of Rs.7500/-)
No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment.
2.5% + Goods and Services Tax (GST) of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%.
Individual Borrowers
No prepayment charges shall be applicable for part payment on floating rate term loan sanctioned for purposes other than business to individual borrowers with or without co-obligant(s).
MSE Borrowers
No prepayment charges shall be applicable for part payment on floating rate loans to Micro and Small Enterprise (MSE) Certified borrowers if loan is closed from Own Source of Funds.
| Premature closure charges | |
|---|---|
Floating rate term loan availed by Individual borrowers for Business Purpose |
2.5 % of the Principal Outstanding |
Floating rate term loan availed by Individual borrowers for End Use other than Business Purpose |
NIL |
Floating rate term loans availed by Micro, Small Enterprises and Closure from Own Source* |
NIL |
Floating rate term loans availed by Micro, Small Enterprises and Closure Through Takeover by any financial Institutions |
2 % takeover charges of the Principal Outstanding |
Floating Rate term loans availed by Non Individual borrowers* |
Maximum of 2.5% of the Principal Outstanding. |
Delayed Instalment payment Charge |
A maximum of 18% P. A. on overdue instalment amounts. |
Payment Return Charges |
Rs 450/- |
Repayment schedule charges* |
Rs. 50/- per instance |
Repayment mode change charges* |
Rs. 500/- |
Custody charges |
Rs 1000/- per month for non-collection of collateral documents beyond 60 days, from date of closure of all loans/facilities linked to the collateral. |
Revision in spread |
0.1% of Principal Outstanding OR Rs. 5000 whichever is higher Per proposal |
Legal/Repossession & Incidental charges |
At actuals |
Stamp Duty & other statutory charges |
As per applicable laws of the state |
Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers) |
NIL |
Penal Interest for Non Adherence of ESCROW Account (as per sanction terms and conditions) |
2% p. a additional on existing ROI (Applicable in LARR cases only ) |
Penal Interest charged for non-complying with sanction terms |
2% per annum additional on existing ROI- (Charged on monthly basis) |
CERSAI Charges |
Rs. 100 for each property |
Property Swapping / Partial property Release* |
0.1% of the loan amount. |
Document Retrieval charges post Disbursement* |
Rs. 75/- per document set. (Post disbursement) |
Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.
The Borrower will be required to submit such documents that HDFC Bank may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan.
The prepayment charges are subject to change as per prevailing policies of HDFC Bank and accordingly may vary from time to time which shall be notified on www.hdfcbank.com.
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 15 years |
| SELF-EMPLOYED PROFESSIONAL | SELF-EMPLOYED NON-PROFESSIONAL (SENP) |
|---|---|
| Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary etc. | Trader, Commission Agent, Contractor etc. |
*All co-applicants need not be co-owners. But all co-owners need to be co-applicants to the loans. Generally, co-applicants are close family members.
| Maximum Funding** |
|---|
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 ₹100 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 Bank. |
**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.
It was very easy to complete disbursement process with support of HDFC staff
”For people like us with a busy schedule hassle-free service online without visiting the bank was really a lifesaver.
”In this challenging situation, the entire process was carried out in a smooth way. Even the query raised was sorted out in a very short time with no hurdle. Every person involved in the inquiry procedures were courteous.
”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.
All customers with an existing Home Loan, Home Improvement Loan or a Home Extension Loan can apply for a home loan top up. New customers availing of our Balance Transfer loan can also additionally avail a home loan top up from HDFC Bank. You can apply for a home loan top up after 12 months' of the final disbursement of your existing home loan and upon possession/ completion of the existing financed property.
The maximum home loan top up 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 Bank.
You can avail a home loan top up for a maximum term of 15 years or till your age of retirement ,whichever is lower.
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.
Yes. Home loan top up can be availed in addition to a balance transfer loan from HDFC Bank.
The process of obtaining a home loan top-up involves the submission of specific documents, and for a comprehensive list, you can refer to the checklist available on HDFC's official website at https://www.hdfc.com/checklist#documents-charges. This checklist serves as a guide for borrowers, detailing the necessary documentation needed to facilitate a home loan top-up.
| 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 | ||||||
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Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC Bank
All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC Bank’s products and services. For detailed information about HDFC Bank’s products and services kindly visit the nearest HDFC Bank branch.
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Individual Housing: (Jan-March 2023 Quarter)
| Min (%) | Max (%) | Wt Avg. (%) | Mean (%) |
|---|---|---|---|
| 8.30 | 13.50 | 8.80 | 9.88 |
Individual Non-Housing: (Jan-March 2023 Quarter)
| Min (%) | Max (%) | Wt Avg. (%) | Mean (%) |
|---|---|---|---|
| 8.35 | 15.15 | 9.20 | 10.32 |
Please visit https://portal.hdfc.com/login and post Login click on Requests > Conversion Enquiry tab for any further details in this regards.
HDFC's Retail Prime Lending Rate (RPLR) Housing is being increased by 25 bps to 18.55% w.e.f March 1, 2023
HDFC's Retail Prime Lending Rate (RPLR) Non-Housing is also being increased by 25 bps to 12.20% w.e.f March 1, 2023