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.

Loan Essentials

Who Can Apply

All customers with an existing Home Loan, Home Improvement Loan or a Home Extension Loan can apply for a Top Up Loan. 

Loan Term
  • 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.
Maximum Loan Amount
  • 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. 35 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.
Types of Top Up Loans
  • Adjustable Rate Loan
    A Top Up Loan under the Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). If there is a change in our RPLR, the interest rate on your loan will be revised once in three months depending on the date of your first disbursement with or without a change in EMI. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting usually in an extension of term of the loan, and vice versa when the interest rate decreases.

Interest Rates

Adjustable Rate Loan

RPLR: 16.30%

Loan Slab (Outstanding Home Loan + Top Up Loan) Interest Rates (% p.a.) RPLR minus Spread
Top Up Loan for Existing customers 9.80 to 10.30 RPLR - (6.50 to 6.00)
Top Up with Balance Transfer Loans 9.45 to 9.95 RPLR - (6.85 to 6.35)

The above rates are subject to change without notice.

TruFixed Loan – 2 & 3 Year Fixed Rate Variant
For Self-Employed Professionals/Non-Professionals

RPLR: 16.30%

Loan Slab Interest Rates (% p.a.) RPLR minus Spread
Top Up Loan for Existing customers 9.80 to 10.30 RPLR - (6.50 to 6.00)
Top Up with Balance Transfer Loans 9.45 to 9.95 RPLR - (6.85 to 6.35)

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:

Purpose Documents
Proof of both identity and residence (any 1)
  1. Valid Passport
  2. Voter ID Card
  3. Aadhaar Card
  4. Valid Driving Licence
For the complete list of KYC documents click here
Proof of income
  1. Last 3 months' Salary Slips
  2. Last 6 months' Bank Statements, showing salary credits
  3. Latest Form-16 and IT Returns
Other documents
  1. Employment Contract / Appointment Letter in case current employment is less than 1 year old
  2. Last 6 months' Bank Statements showing repayment of any ongoing loans
  3. Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
  4. Cheque for processing fee favouring ‘HDFC Ltd.’
  5. Own Contribution Proof.
  6. Declaration and documents clearly stating the end use of the loan
Property related documents
  1. Title Deeds including the previous chain of the property documents

All documents to be self attested.
The above list is indicative in nature and additional documents can be asked for.

Fees and Charges

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 1.25% of the loan amount or Rs. 3,000 whichever is higher, plus applicable taxes.

Prepayment charges
  • Fixed First Rate Loan

    There will be no prepayment charges payable for any amount up to and including 25% of the opening principal balance for a given financial year.

    However any part prepayment in excess of 25% or full prepayment shall bear a prepayment charge of 2%, plus applicable taxes, of the amounts being so prepaid (such amounts shall include all amounts prepaid during the given financial year).

  • Adjustable Rate Loan

    For all loans sanctioned to individual customers:

    No prepayment charges shall be payable on account of part or full prepayments.

    For all other loans:

    There will be no prepayment charges payable for any amount up to and including 25% of the opening principal balance for a given financial year.

    However any part prepayment in excess of 25% or full prepayment shall bear a prepayment charge of 2%, plus applicable taxes, of the amounts being so prepaid if the prepayment is made within 3 years from the date of first disbursement of the loan (such amounts shall include all amounts prepaid during the given financial year).

    There will be no prepayment charges payable for any part prepayment if such a part prepayment is made after 3 years from the date of first disbursement of the loan.

    Full prepayment made after 3 years from date of first disbursement of the loan shall bear a prepayment charge of 2%, plus applicable taxes, of amounts being so prepaid if source of such prepayment is by the way of borrowing from a Bank / Housing Finance Company (HFC) / Non Banking Financial Company (NBFC) or Financial Institution. (such amounts shall include all amounts prepaid during the given financial year).

You shall be required to submit a Prepayment Request Letter along with copies of your Bank Statement or any other document that HDFC deems necessary to ascertain the source of funds used for the prepayment.

Cheque Dishonour Charges

Rs.200**

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

List of Documents

Up to Rs.500

Photo Copy of Documents

Up to Rs.500

PDC swap

Up to Rs.200

Disbursement cheque cancellation charge post disbursement

Up to Rs.200

Re-appraisal of loan after 6 months from sanction

Up to Rs.2,000 plus applicable taxes

Increase / decrease in loan term

Up to Rs.500 plus applicable taxes

(*) the contents of the above are subject to change from time to time and the levy of the same shall be at such rates as may be applicable as on the date of such charge.

**Conditions apply.

Terms and Conditions

Security

Security of the loan is a first mortgage of property against which the loan is being advanced and / or any other collateral / interim security as may be required by HDFC.

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’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.