HDFC Bank Home Loan

HDFC Bank offers home loans starting from an attractive interest rate of 8.70% per annum, with flexible repayment tenures of up to 30 years. Whether you are purchasing a new house or renovating an existing property, HDFC Bank provides customised loan solutions to meet your requirements. 

 

The bank also offers a home loan balance transfer facility, enabling you to benefit from better rates and lower EMIs. With smooth processing, minimal documentation, and dependable customer support, HDFC Bank makes homeownership more accessible and affordable.

HDFC Bank offers home loans linked to the RBI's Policy Repo Rate, ensuring transparency and alignment with market conditions. The current applicable repo rate stands at 6.25%. The bank provides both standard and special home loan interest rates. 

 

However, the rate depends on the borrower's profile, including whether they are salaried or self-employed. Below are the interest rates applicable

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

HDFC Bank's Top-Up Home Loan enables you to access additional funds for personal or professional milestones such as a wedding, dream vacation, or business expansion. These loans require minimal documentation and are tied to the policy repo rate, currently at 6.25%.

 

Below is a breakdown of the rates available for different loan options.

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

HDFC Bank offers home loans to help you purchase or construct a home in your village or hometown. Whether you are a salaried individual or self-employed, you can secure a loan based on your income, land, or crops. 

 

These loans come with flexible terms and are linked to the RBI’s Policy Repo Rate, currently set at 6.25%. Below are the interest rates for the loan:

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

Before choosing a home loan, you need to compare the interest rates offered by various banks and housing finance companies on Bajaj Markets. This allows you to identify the most affordable option with lower EMIs. Below is a comparison table for your reference.

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

HDFC Bank’s Home Loan EMI Calculator enables you to estimate your monthly instalments quickly and accurately. You need to input the loan amount, interest rate, and tenure. By selecting the "Calculate" button, you will receive your EMI along with a detailed amortisation table that outlines your complete repayment schedule. 

 

The following is a sample EMI breakdown for various loan amounts, tenures, and an interest rate of 8.70% p.a.

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

When taking a home loan, you should be aware of the various charges involved beyond the interest rate. Some of the HDFC Bank home loan fees and charges include:

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

HDFC Bank charges different processing fees for various home loan schemes. It depends on the applicant type and loan category. Here are the detailed fees:

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

Here is a quick overview of additional charges that may apply to your HDFC Bank home loan:

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

HDFC Bank offers a wide range of home loans to suit different needs, whether you want to buy, build, renovate, or expand your home. Below are the various loan types, along with their features:

Home Loans

Ideal for purchasing or constructing a house and applicable for:

• Buying a new flat, row house, or bungalow from a builder/development authority

• Purchasing resale properties

• Constructing a house on a plot you already own

House Renovation Loans

Helps you revamp your existing home to give it a fresh and appealing look.

Home Extension Loans

Designed for families looking to expand their current living space.

Plot Loans

Offered to individuals planning to build a home on purchased land.

Short-Term Bridge Loans

For buyers awaiting the sale of their current property while looking to buy a new one.

Rural Housing Finance

Tailored for rural residents and farmers to buy, build, or enhance homes in villages or small towns.

Balance Transfer Loans

Switch your current home loan to HDFC Bank for better interest rates or terms.

Reach Home Loans

Designed for individuals employed in the unorganised sector.

Before applying for an HDFC Bank Home Loan, you need to qualify based on certain eligibility criteria. Here is a detailed for salaried and self-employed individuals:

Eligibility Criteria for Salaried Individuals

• Age: Between 18 to 70 years (at the time of loan maturity)

• Employment Type: Salaried with a stable job

• Nationality: Must be a Resident Indian

• Other Factors:

  • Regular monthly income

  • Consistent savings or investment history

  • Good credit profile and repayment history

Eligibility Criteria for Self-Employed Individuals

• Age: Between 18 to 70 years (at the time of loan maturity)

• Employment Type: Self-Employed

• Nationality: Must be a Resident Indian

• Classification of Self-Employed:

  • Self-Employed Professionals: Includes doctors, lawyers, chartered accountants, architects, consultants, engineers, company secretaries, etc.

  • Self-Employed Non-Professionals (SENP): Includes traders, commission agents, contractors, and similar profiles

• Other Factors:

  • Financial stability and business income consistency

  • Valid income proof and tax returns

  • Clear savings or investment track record

Here is a look at the documents required for HDFC Bank Home Loans, both for salaried and self-employed individuals:

Common Documents for Self-Employed and Salaried Individuals 

• Aadhaar Card, Passport, Voter ID, NREGA job card, etc.

• Buyer agreement, title deeds, receipt of payment

Document for Salaried Individuals

• Salary slips of the last 3 months, bank statements of the last 6 months, recent Form 16

• Employment certificate, passport-size photos, cheque for the processing fee

 Document for Self-Employed Individuals

• Recent ITRs, audited profit and loss account statement and balance sheet for the last 3 years, current account statements of the business for the last 6 years

• Recent form 26 AS, partnership deed, business loan details, passport-sized photos, list of company’s directors, shareholding details, cheque for processing fee

You can apply for an HDFC Bank Home Loan online or by making a physical visit to the branch office. Here is a look at the steps for applying online and offline:

Apply Online 

• Visit the official website of HDFC Bank or download the app

• Click on ‘Apply for Home Loan’

• Select the ‘Check eligibility’ option to know the loan amount you are eligible for

• Select the type of HDFC Bank Home Loan from the ‘Basic information’ tab

• Choose ‘Yes’ if you have a shortlisted property; otherwise, select ‘No’

• Enter your name and up to 8 co-applicants

• Provide your residential status and other personal details under the ‘Applicants’ tab

• Check all home loan offerings under the ‘Offerings’ tab

• Select your home loan, provide your date of birth, and click on ‘Submit’

• Upload the required documents and pay the processing fee to complete the application

Apply Offline

To make an offline application, you can visit the nearest HDFC Bank branch office. Here, you can reach out to the home loan department, where an executive will guide you through the process. Do remember to fill in the form carefully and submit copies of the requisite documents.

 

HDFC Bank Home Loans provides a range of financing options to suit various housing needs. The bank offers loans for purchasing a new home, renovating an existing one, or acquiring a plot for construction. 

 

With competitive interest rates, flexible repayment terms, and simple eligibility requirements, HDFC Bank ensures a smooth, hassle-free borrowing experience. Alternatively, you can also explore offers from some of the top lenders on Bajaj Markets. Secure substantial funding affordably and conveniently. Click ‘APPLY NOW’ to begin your journey towards owning your dream home.