HDFC Bank Home Loan
HDFC Bank Home Loan offers the lowest interest rates in the current market. After applying, the home loan gets sanctioned within a few days. The Home Loan has been specially designed for salaried and self-employed persons. The loan has a low-interest facility to transfer the balance and top-up loans. In addition, you can consolidate your existing high-interest loans to repay them at better interest rates and flexible tenures.
Unlock Best Home Loan Offers From Hdfc Bank
HDFC Bank Home Loan
Interest Rate
8.7% - 9.7%
Loan Amount
₹1L - ₹10Cr
EMI Per Lakh
₹2,061 - ₹2,110
Processing Fees
Pre-Payment Charges
- 4% of the outstanding principal (loan tenure between 13 - 24 months)
- 3% of the outstanding principal (loan tenure between 25 - 36 months)
- 2% of the outstanding principal (loan tenure if over 36 months)
Plan Offered
Term Loan
Showing Data for CIBIL Score 780 - 1000
HDFC Home Loan
CIBIL: 780 - 1000
CIBIL: 750 - 779
CIBIL: 700 - 749
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HDFC Home Loan
CIBIL: 780 - 1000
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CIBIL Score range
CIBIL: 780 - 1000
CIBIL: 750 - 779
CIBIL: 700 - 749
CIBIL: 0 - 700
Showing Data for CIBIL Score 780 - 1000
- Self-Employed (Non-Professional)
- Self-Employed
- Salaried
Loan Amount | Loan Type | Men (ROI) | Women (ROI) |
---|---|---|---|
Any Loan Amount | New | 8.40% | 8.40% |
- Self-Employed (Non-Professional)
- Self-Employed
- Salaried
City | Loan Amount | Loan Type | Men (ROI) | Women (ROI) |
---|---|---|---|---|
Mumbai | Any Loan Amount | New | 8.40% | 8.40% |
Pune | Any Loan Amount | New | 8.40% | 8.40% |
Kalyan-Dombivali | Any Loan Amount | New | 8.40% | 8.40% |
Pimpri-Chinchwad | Any Loan Amount | New | 8.40% | 8.40% |
Thane | Any Loan Amount | New | 8.40% | 8.40% |
Vasai-Virar | Any Loan Amount | New | 8.40% | 8.40% |
Last updated on: 08, Dec 2024
StepUp Loan
Showing Data for CIBIL Score 780 - 1000
HDFC Step Up Home Loan
CIBIL: 780 - 1000
CIBIL: 750 - 779
CIBIL: 700 - 749
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HDFC Step Up Home Loan
CIBIL: 780 - 1000
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CIBIL Score range
CIBIL: 780 - 1000
CIBIL: 750 - 779
CIBIL: 700 - 749
CIBIL: 0 - 700
Showing Data for CIBIL Score 780 - 1000
- Salaried
Loan Amount | Loan Type | Men (ROI) | Women (ROI) |
---|---|---|---|
Any Loan Amount | New | 8.50% | 8.50% |
- Salaried
City | Loan Amount | Loan Type | Men (ROI) | Women (ROI) |
---|---|---|---|---|
Mumbai | Any Loan Amount | New | 8.50% | 8.50% |
Last updated on: 08, Dec 2024
ABB
Showing Data for CIBIL Score 780 - 1000
HDFC ABB Home Loan
CIBIL: 780 - 1000
HDFC ABB Home Loan
CIBIL: 780 - 1000
CIBIL Score range
CIBIL: 780 - 1000
Showing Data for CIBIL Score 780 - 1000
- Self-Employed (Non-Professional)
- Self-Employed
Loan Amount | Loan Type | Men (ROI) | Women (ROI) |
---|---|---|---|
Any Loan Amount | New | 8.40% | 8.40% |
- Self-Employed (Non-Professional)
- Self-Employed
City | Loan Amount | Loan Type | Men (ROI) | Women (ROI) |
---|---|---|---|---|
Mumbai | Any Loan Amount | New | 8.40% | 8.40% |
Pune | Any Loan Amount | New | 8.40% | 8.40% |
Kalyan-Dombivali | Any Loan Amount | New | 8.40% | 8.40% |
Navi Mumbai | Any Loan Amount | New | 8.40% | 8.40% |
Pimpri-Chinchwad | Any Loan Amount | New | 8.40% | 8.40% |
Thane | Any Loan Amount | New | 8.40% | 8.40% |
Vasai-Virar | Any Loan Amount | New | 8.40% | 8.40% |
Last updated on: 08, Dec 2024
Gross Professional Receipt
Showing Data for CIBIL Score 780 - 1000
HDFC GPR Home Loan
CIBIL: 780 - 1000
HDFC GPR Home Loan
CIBIL: 780 - 1000
CIBIL Score range
CIBIL: 780 - 1000
Showing Data for CIBIL Score 780 - 1000
- Self-Employed (Non-Professional)
- Self-Employed
Loan Amount | Loan Type | Men (ROI) | Women (ROI) |
---|---|---|---|
Any Loan Amount | New | 8.70% | 8.70% |
- Self-Employed (Non-Professional)
- Self-Employed
City | Loan Amount | Loan Type | Men (ROI) | Women (ROI) |
---|---|---|---|---|
Mumbai | Any Loan Amount | New | 8.70% | 8.70% |
All Cities | Any Loan Amount | New | 8.70% | 8.70% |
Last updated on: 08, Dec 2024
GST Based
Showing Data for CIBIL Score -
HDFC Home Loan - GST Based
CIBIL: -
HDFC Home Loan - GST Based
CIBIL: -
CIBIL Score range
CIBIL: -
Showing Data for CIBIL Score -
- Self-Employed (Non-Professional)
Loan Amount | Loan Type | Men (ROI) | Women (ROI) |
---|---|---|---|
Any Loan Amount | New | 8.70% | 8.70% |
- Self-Employed (Non-Professional)
City | Loan Amount | Loan Type | Men (ROI) | Women (ROI) |
---|---|---|---|---|
Mumbai | Any Loan Amount | New | 8.70% | 8.70% |
Last updated on: 08, Dec 2024
Features & Benefits of HDFC Bank Home Loan
HDFC Bank offers the following features and benefits to the customers:
- Low in Interest Rates: HDFC offers one of the most competitive interest rates for home loans, starting at just 8.40 % per annum. This rate ranks among the best in the market, offering you the opportunity to make significant long-term savings and effectively reduce the overall cost of your loan. Hence, you can confidently proceed to purchase your dream house without worrying about hefty EMIs.
- High in Loan Tenure: HDFC Bank grand you the freedom to tenure your home loan based on your repayment capability. I.e., with a range of 5 to 30 years, you can adjust your home loan EMIs that align with your monthly budget and effectively minimise the chances of default. Moreover, you have the flexibility to begin with lower EMIs and gradually increase them as your income grows, ensuring a comfortable repayment journey.
- Generous Loan Amount: If you are looking for a home loan with a substantial loan amount, HDFC Bank may be the ideal choice for you. As Apply for HDFC Bank home loan, you can avail of 90 per cent of the property cost or loan amount above Rs. 75 lahks. However, it is crucial to recognise that the ultimate loan quantum is contingent upon several factors. These factors include your CIBIL Score, income level, property demand, and overall creditworthiness.
- Completely Online Process: Say goodbye to tedious paperwork and time-consuming bank visits and instead embrace the convenience of HDFC Bank home loan online apply. You can apply for a home loan online and avail of the end-to-end digital process and 24×7 assistance. The process would hardly take a few minutes; once your application is approved, the funds will swiftly be transferred to your account.
- Moderate Eligibility Criteria: When it comes to HDFC Bank home loan eligibility criteria, the Bank won’t demand much; only the requirement is enough. Typically, HDFC Bank home loan requirements include factors such as age, income, credit score, and property value. To check your eligibility, you can utilise the HDFC Bank home loan eligibility calculator. This calculator is conveniently available on the official HDFC Bank website or on the Urban Money website, enabling you to assess your eligibility with ease.
- Multi-Purpose Loans: HDFC Bank home loans allow you to do much more than just buy a property or house. You can avail of HDFC housing finance to purchase a ready-made or under-construction housing property, buy a plot and construct a house on it, extend or renovate your house, transfer your outstanding house loan balance, and much more.
- Tax Benefit: By availing of an HDFC Bank home loan, you become eligible to claim tax deductions in accordance with the provisions of Section 24(b) of the Income Tax Act, 1961, or under Section 80C of the same act, subject to specific conditions and limits. It is important to note that this deduction becomes available once the construction of the property is completed and you have obtained the possession certificate. To gain further insights into your tax benefits, you can utilise the Urban Money tax benefit calculator, available on the official Urban Money website.
Don’t miss to Check: HDFC Bank Home Loan Interest Rates
HDFC Bank Home Loan – An Overview
Buying a house is a dream for many individuals. However, giving such a dream into life requires a lot of financial planning. And taking a Home Loan may be the only viable option for them to accommodate their dream home within their budget.
A home loan refers to a sum of money borrowed from a financial institution to buy or construct a house. It offers substantial financing for longer tenures at fixed or variable interest rates to assist homebuyers. Typically, a home loan is categorised as a secured loan, and the property being acquired serves as collateral that remains with the lender until the borrower has fully repaid the loan amount.
Applying for an HDFC Bank home loan ultimately simplifies the process of fulfilling your dream of buying or constructing a house. With their offerings of generous loan amounts, competitive interest rates, and flexible repayment options, HDFC Bank offers tailor-made home loans that eliminate any potential hassles. Moreover, the Bank requires minimal documentation and ensures instant approval, providing you with a seamless experience throughout the loan application process.
Documents Required for HDFC Bank Home Loan
The following are the important documents required for HDFC Bank home loan that all the applicants/co-applicants need to submit along with the signed application form for the loan approval:
Proof of identity
- Passport
- Voter Card
- Adhaar Card
Proof of residence
- Ration Card
- Adhaar Card
- Bank Account Statements
- Property Tax Receipts
- Utility Bills
Proof of income
- PAN Card
- 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 the last 3 Assessment Years (Self-employed person)
- Last 3 years Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules (Self-employed person)
- Last 6 months’ Current A/c Statements of the business entity and Savings Account Statements of the individual (Self-employed person)
- TAN Card (Self-employed person)
Proof of Property
- Title Deeds of the Plot
- Proof of no encumbrances on the property
- Copy of the plans, approved by the Local Authorities
- Copy of the agreement to sell (if already executed)
Other Documents
- Own Contribution Proof
- Passport-size photograph of the applicant / co-applicants
- Cheque for processing fee favouring HDFC Bank Ltd.
For more details about the documents required for HDFC Bank home loan, please contact the nearest branch of HDFC Bank.
How Does the EMI Calculation Work for HDFC Bank Home Loan?
HDFC Bank adopts the Equated Monthly Instalment (EMI) method for loan repayments. I.e., borrowers make a fixed EMI payment each month, which comprises both the principal amount and the applicable interest. And the calculation is based on a standard formula that takes into account the loan amount, the interest rate, and the loan tenure. The formula is:
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Where,
- P = Loan principal amount
- R = Monthly interest rate
- N = Loan tenure in months
Notably, by utilising online EMI calculators, individuals can effortlessly determine the Equated Monthly Instalment (EMI) for their HDFC Bank Home Loan. To access this convenient tool, you can visit either the Urban Money website or the official website of HDFC Bank.
Don’t miss to Check: HDFC Home Loan EMI Calculator
Balance Transfer HDFC Bank Home Loan
A balance transfer is a process of transferring the outstanding home loan balance from one lender to another in order to avail of lower interest rates, longer tenure, additional top-up loan, or better terms. By opting for a balance transfer with an HDFC Bank home loan, you can effectively reduce your monthly EMI amount and achieve substantial savings on the overall interest cost of your home loan.
The balance transfer process involves the following steps:
- You need to inform your current lender that you want to transfer your home loan and obtain a no objection certificate (NOC) or consent letter from them.
- You need to apply for a home loan with the new lender and submit the required documents, such as KYC, property papers, loan statement, NOC, etc.
- The new lender will verify your documents and eligibility and pay off the outstanding loan amount to your current lender.
You can use the Home loan balance transfer calculator to compare the benefits of transferring your home loan from one lender to another. You just need to enter the details of your existing loan and the new loan offer, and the calculator will show you how much you can save by doing a balance transfer.
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Hdfc Bank Home Loan Quick Links
FAQs
From refinancing to reducing your interest, we have the answers right here.
Is HDFC Bank Home Loan tax-saving?
HDFC Bank home loans are a valid part of the Income Tax Act of 1961. This means that any person who has purchased a home loan from HDFC Bank can reclaim his/her tax deductions for up to INR 1.5 Lakhs. While filing the ITR, the borrower has to show his recurring loan payment bank statement along with the loan sanction documents.
What is the minimum salary required for HDFC Bank Home Loan?
The lowest monthly salary requirement to avail of an HDFC home loan is INR 10,000. In the case of a business, the least annual revenue turnover should be INR 2 Lakhs.
Can two home loans be taken at the same time?
As far as Indian law is concerned, there are no such constraints in terms of a maximum number of loan sanctions. If an individual is looking to buy x number of properties, they can take x number of loans to cover their expenses. If a particular bank you are looking to get a loan from is satisfied with your repayment capacity, they can immediately sanction your multiple loan applications.
Does HDFC Bank provide home loans at the best rate?
HDFC Banks provide home loans at a minimum of 8.60% interest rate. With such competitive loan interest rates, HDFC Banks also provide easy and affordable EMI options with a repayment period that extends up to 30 years. The interest rate varies with different types of loans along with different types of borrower status.
What is the interest rate of a home loan in HDFC Bank?
The interest rate for a home loan in HDFC Bank is at a minimum of 8.60 % per annum. There is a special offer for women with lower interest rates. The special home loan rates start with a minimum of 8.60 % to a maximum of 9.50 %.
How to check home loan status in HDFC Bank?
HDFC Bank Home loan applications can be monitored simply by heading to their official website. When you hover over the Existing Customer tab, there will be a dropdown from which you can select the Home Loan option. Locate the customer login option, clicking on which will take you to a new window. Log in with your Loan Account Number and date of birth, or enter your user ID and password. The loan details will be accessible from the dashboard.
What is the maximum and minimum home loan amount I can get from HDFC Bank?
You can get a minimum of up to INR 30 Lakhs for a home loan from HDFC Bank. The interest rate will vary from 8.60 % to 9.50 %. The maximum home loan amount provided by HDFC Bank is INR 10 crores.
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Hdfc Bank Quick Links
- HDFC PPF (Public Provident Fund) Calculator
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- HDFC RD (Recurring Deposit) Calculator
- HDFC Loan Against Property (LAP) Calculator
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