Key Benefits & Features

There is nothing that gives more pride and satisfaction than owning land back home. With HDFC's Plot Loans you can acquire land in India and build a space that is uniquely yours.

  • Loans to NRIs, PIOs and OCIs* for purchase of a plot in India through direct allotment

  • Loans for purchase of a resale plot in India

  • Loans for transferring your outstanding loan availed from another bank / Financial Institution in India
  • No hidden charges

  • Avail of Loan Advisory Services in the country where you currently reside

  • Attractive interest rates

  • Expert legal and technical counselling

*NRI – Non Resident Indian, PIO – Person of Indian Origin and OCI – Overseas Citizen of India.

Interest Rates

Retail Prime Lending Rate: 16.85%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)8.90 to 9.40
For Others* (upto 30 Lakhs)8.95 to 9.45
For Women* (30.01 Lakhs to 75 Lakhs )9.05 to 9.55
For Others* (30.01 Lakhs to 75 Lakhs)9.10 to 9.60
For Women* ( 75.01 Lakhs & Above)9.10 to 9.60
For Others*( 75.01 Lakhs & Above)9.15 to 9.65

*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: 16.85%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)9.40 to 9.90
For Others* (upto 30 Lakhs)9.45 to 9.95
For Women* (30.01 Lakhs to 75 Lakhs )9.55 to 10.05
For Others* (30.01 Lakhs to 75 Lakhs)9.60 to 10.10
For Women* ( 75.01 Lakhs & Above)9.60 to 10.10
For Others*( 75.01 Lakhs & Above)9.65 to 10.15

To read terms & Conditions, Click Here

Loan Details

You can apply individually or jointly for Plot Loans. All co-owners of the property will have to be co-applicants.

Who can Apply?

Primary Applicant
  • AGE

    18-65 years

  • PROFESSION

    Salaried / Self Employed

  • NATIONALITY

    NRI

  • GENDER

    All Genders

PLAN YOUR HOME
Co-Applicant(s)
  • Adding Co-Applicant helps in maximizing the loan amount.

  • Adding Women Co-Applicant 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 Rs. 30 lacs90% of the property cost**
Rs. 30.01 lacs to Rs.75 lacs 80% of the property cost**
Above Rs.75 lacs 75% 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.***
***For certain professionals only

 

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

Mandatory for NRI Customers
Apply Now!

For the complete list of KYC documents click here.

  • Photocopy of the Employment Contract / Appointment Letter / Offer Letter
  • Last 3 months' Salary Slips / Certificates specifying the following: Name (as it appears in the Passport); Date of joining; Passport Number; Designation; Perquisites and salary
  • Photocopy of last 6 months’ Bank Statements, showing salary credits
  • Photocopy of last 6 months’ Bank Statements of the NRE / NRO account in India
  • Latest Credit Bureau Report from Al Etihad Credit Bureau (www.aecb.gov.ae) or Emcredit (www.emcredit.com)
  • Copy of Allotment Letter / Buyer Agreement
  • Title Deeds including the previous chain of the property documents in resale cases
  • Own Contribution Proof
  • Photocopy of the valid resident Visa stamped on the Passport
  • Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
  • Past occupational history
  • Cheque for processing fee favouring ‘HDFC Ltd.’ in AED

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.

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  Rs.200**
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
Adjustable Rate Loans (ARHL)
  • For all loans sanctioned only to individual borrowers, no prepayment charges shall be payable on account of part or full prepayments.
  • For loans sanctioned to Individual borrowers with company, firm, etc. as a co-applicant Prepayment charges at a rate of 2% plus taxes and statutory levies and charges, as may be applicable from time to time, of the amount being prepaid are payable.
  • The customer 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.

 

Fixed Rate Loans (FRHL)
  • No prepayment charges shall be payable for partial or full payments made from own sources. The expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.
  • The customer will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds.
  • The prepayment charge shall be 2%, plus taxes and statutory levies and charges , as may be applicable from time to time , 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 shall be applicable to all partial or full prepayments.

 

Fixed and Variable Rate Loans (Combination rate)
During the Fixed Rate period: During the Variable Rate period :
  • For all loans sanctioned, the prepayment charge shall be 2%, plus applicable taxes and statutory levies and charges, as may be applicable from time to time, 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 shall be applicable to all partial or full prepayments.
     
  • The customer 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.
  • For all loans sanctioned only to individual borrowers, no prepayment charges shall be payable on account of part or full prepayments.
     
  • For all loans sanctioned to Individual borrowers with company, firm, etc as a co-applicant , prepayment charges at a rate of 2% plus Taxes and Statutory levies and charges, as may be applicable from time to time, of the amount being prepaid are payable.

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. Customers are requested to refer 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 / Improvement)

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 Rs. 50000 plus taxes whichever is lower.

Switching to Variable Rate Loan from Fixed Rate Loan (Housing / Extension / Improvement

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 Rs. 50000 plus taxes whichever is lower.

Switch from Trufixed 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.

Calculators

Get the peace of mind by knowing all the details about your loan

Rs.
Rs. 1 Lac Rs. 10 Cr
1 30
0 15
Rs. 25,64,000
Rs. 25,64,000
Rs. 25,64,000
Rs. 25,64,000
Rs.
Rs. 10 K Rs. 1 Cr
1 30
0 15
Rs.
Rs. 0 Rs. 1 Cr

Your Loan eligibility

Rs.

Looking for more funding/ need some help?

Chat with us

Your loan EMI will be

Rs. /monthly
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.

Looking for more funding/ need some help?

Chat with us

Property Cost

Rs.

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

You can apply for a Home Loan whilst you are working abroad, to plan for your return to India in the future. You can apply 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.

A person resident outside India who is a citizen of India or a person outside India who is of Indian origin is an NRI.
The definition of a person resident outside India is defined under section 2(w) of Foreign Exchange Management Act, 1999 is as under:
Person resident outside India means, a person who is not resident in India.
A person shall be deemed to be a person not resident in India in the following cases:
When the person stays in India for less than or up to 182 days during the preceding financial year
When a person who has gone out of India or who stays outside India, in either case
For or on taking up employment outside India, or
For carrying on outside India a business or vocation outside India, or
For any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period

In the event of you relocating back to India, HDFC reassesses the repayment capacity of the applicant(s) based on Resident status and a revised repayment schedule is worked out. The new rate of interest will be as per the prevailing applicable rate of Resident Indian loans (for that specific loan product). This revised rate of interest would be applicable on the outstanding balance being converted. A letter is given to the customer confirming the change of status.

A photocopy of the PIO card or
A photocopy of current passport indicating birthplace as 'India'
A photocopy of Indian passport, if held by the individual earlier
A photocopy of parent’s / grandparent’s Indian passport / birth certificate/ marriage certificate.

You need not be present in India to avail of your Home Loan. In case you are posted aboard at the time of submission of the loan application and disbursement of the loan, you can avail the loan by appointing a Power of Attorney as per HDFC's format. Your Power of Attorney holder can apply and carry out the formalities on your behalf.

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

There is nothing that gives more pride and satisfaction than owning land back home. With HDFC's Plot Loans you can acquire land in India and build a space that is uniquely yours.

  • Loans to NRIs, PIOs and OCIs* for purchase of a plot in India through direct allotment

  • Loans for purchase of a resale plot in India

  • Loans for transferring your outstanding loan availed from another bank / Financial Institution in India
  • No hidden charges

  • Avail of Loan Advisory Services in the country where you currently reside

  • Attractive interest rates

  • Expert legal and technical counselling

*NRI – Non Resident Indian, PIO – Person of Indian Origin and OCI – Overseas Citizen of India.

Interest Rates

For Self Employed Professionals

Retail Prime Lending Rate: 16.85%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)8.90 to 9.40
For Others* (upto 30 Lakhs)8.95 to 9.45
For Women* (30.01 Lakhs to 75 Lakhs )9.05 to 9.55
For Others* (30.01 Lakhs to 75 Lakhs)9.10 to 9.60
For Women* ( 75.01 Lakhs & Above)9.10 to 9.60
For Others*( 75.01 Lakhs & Above)9.15 to 9.65

*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: 16.85%

Loan SlabHome Loan Interest Rates (% p.a.)
For Women* (upto 30 Lakhs)9.40 to 9.90
For Others* (upto 30 Lakhs)9.45 to 9.95
For Women* (30.01 Lakhs to 75 Lakhs )9.55 to 10.05
For Others* (30.01 Lakhs to 75 Lakhs)9.60 to 10.10
For Women* ( 75.01 Lakhs & Above)9.60 to 10.10
For Others*( 75.01 Lakhs & Above)9.65 to 10.15

To read terms & Conditions, Click Here

For Self Employed Non Professionals

Retail Prime Lending Rate: 16.85%

Loan SlabInterest Rates (% p.a.)
For Women* (upto 30 Lakhs)9.05 to 9.55
For Others* (upto 30 Lakhs)9.10 to 9.60
For Women* (30.01 Lakhs to 75 Lakhs )9.20 to 9.70
For Others* (30.01 Lakhs to 75 Lakhs)9.25 to 9.75
For Women* ( 75.01 Lakhs & Above)9.25 to 9.75
For Others*( 75.01 Lakhs & Above)9.30 to 9.80

*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: 16.85%

Loan SlabInterest Rates (% p.a.)
For Women* (upto 30 Lakhs)9.55 to 10.05
For Others* (upto 30 Lakhs)9.60 to 10.10
For Women* (30.01 Lakhs to 75 Lakhs )9.70 to 10.20
For Others* (30.01 Lakhs to 75 Lakhs)9.75 to 10.25
For Women* ( 75.01 Lakhs & Above)9.75 to 10.25
For Others*( 75.01 Lakhs & Above)9.80 to 10.30

To read terms & Conditions, Click Here

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 Rs.30 lacs90% of the property cost**
Rs.30.01 lacs to Rs.75 lacs80% of the property cost**
Above Rs.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.***
***For certain professionals only

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

Mandatory for NRI Customers
Apply Now!

For the complete list of KYC documents click here.

  • Last 3 years’ Balance Sheets and Profit & Loss A/c Statements, with Annexures / Schedules (attested by a CA)
  • Photocopy of the Memorandum of Understanding
  • Photocopy of the trade / commercial license
  • Last year’s Current A/c Statement of the  business entity and 6 months’ statements of the individual of his NRE / NRO account in India
  • Latest Credit Bureau Report from Al Etihad Credit Bureau (www.aecb.gov.ae) or Emcredit (www.emcredit.com)
  • Copy of the Allotment Letter / Buyer Agreement
  • Title Deeds including the previous chain of the property documents in resale cases
  • Own Contribution Proof
  • Business Profile
  • Photocopy of the valid resident Visa stamped on the Passport
  • 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.’ in AED
  • Details of the ongoing loans of the business entity and the individual along with photocopy of the sanction letter

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

For Self-Employed Non-Professionals:
Up to 1.25% of the loan amount or  Rs.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  Rs.200**
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
Adjustable Rate Loans (ARHL)
  • For all loans sanctioned only to individual borrowers, no prepayment charges shall be payable on account of part or full prepayments.
  • For loans sanctioned to Individual borrowers with company, firm, etc. as a co-applicant Prepayment charges at a rate of 2% plus taxes and statutory levies and charges, as may be applicable from time to time, of the amount being prepaid are payable.
  • The customer 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.

 

Fixed Rate Loans (FRHL)
  • No prepayment charges shall be payable for partial or full payments made from own sources. The expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.
  • The customer will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds.
  • The prepayment charge shall be 2%, plus taxes and statutory levies and charges , as may be applicable from time to time , 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 shall be applicable to all partial or full prepayments.

 

Fixed and Variable Rate Loans (Combination rate)
During the Fixed Rate period: During the Variable Rate period :
  • For all loans sanctioned, the prepayment charge shall be 2%, plus applicable taxes and statutory levies and charges, as may be applicable from time to time, 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 shall be applicable to all partial or full prepayments.
     
  • The customer 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.
  • For all loans sanctioned only to individual borrowers, no prepayment charges shall be payable on account of part or full prepayments.
     
  • For all loans sanctioned to Individual borrowers with company, firm, etc as a co-applicant , prepayment charges at a rate of 2% plus Taxes and Statutory levies and charges, as may be applicable from time to time, of the amount being prepaid are payable.

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. Customers are requested to refer 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 / Improvement)

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 Rs. 50000 plus taxes whichever is lower.

Switching to Variable Rate Loan from Fixed Rate Loan (Housing / Extension / Improvement

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 Rs. 50000 plus taxes whichever is lower.

Switch from Trufixed 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.

Frequently Asked Questions

You can apply for a Home Loan whilst you are working abroad, to plan for your return to India in the future. You can apply 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.

A person resident outside India who is a citizen of India or a person outside India who is of Indian origin is an NRI.
The definition of a person resident outside India is defined under section 2(w) of Foreign Exchange Management Act, 1999 is as under:
Person resident outside India means, a person who is not resident in India.
A person shall be deemed to be a person not resident in India in the following cases:
When the person stays in India for less than or up to 182 days during the preceding financial year
When a person who has gone out of India or who stays outside India, in either case
For or on taking up employment outside India, or
For carrying on outside India a business or vocation outside India, or
For any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period

In the event of you relocating back to India, HDFC reassesses the repayment capacity of the applicant(s) based on Resident status and a revised repayment schedule is worked out. The new rate of interest will be as per the prevailing applicable rate of Resident Indian loans (for that specific loan product). This revised rate of interest would be applicable on the outstanding balance being converted. A letter is given to the customer confirming the change of status.

A photocopy of the PIO card or
A photocopy of current passport indicating birthplace as 'India'
A photocopy of Indian passport, if held by the individual earlier
A photocopy of parent’s / grandparent’s Indian passport / birth certificate/ marriage certificate.

You need not be present in India to avail of your Home Loan. In case you are posted aboard at the time of submission of the loan application and disbursement of the loan, you can avail the loan by appointing a Power of Attorney as per HDFC's format. Your Power of Attorney holder can apply and carry out the formalities on your behalf.

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.