HDFC Bank Home Loan Interest Rates

Highlights on HDFC Home Loan Interest Rate

Here are some major highlights of the HDFC Bank housing Loan interest rate:

Parameter	Details
Interest Rate	Starting at 8.70%- Can vary according to various metrics
Loan-to-Value (LTV)	Up to 90% for properties valued at INR 30 Lakhs Up to 80% for properties valued between INR 30 Lakh and INR 75 Lakhs  Up to 75% for properties worth over INR 75 Lakhs
Margin	10% to 25%
Processing Fees	0.50% of the home loan amount (minimum sum being INR 3300)
Schemes	Balance Transfer, Plot + Construction and To-up

The interest rate for an HDFC Bank home loan starts at 8.70%. It can increase according to various important factors like the property type, value, borrower’s credit score, and other economic conditions. These home loans can be availed in both fixed and floating options. Borrowers also have the option to start with a fixed interest rate and later switch to a floating rate as per their preference.

HDFC Bank Home Loan Interest Rates for Salaried vs. Self-Employed Individuals

HDFC Bank considers the borrower’s employment status and type. The HDFC Bank home loan percentage combines the policy repo rate and an additional margin determined by the bank. Applicants with stable employment, supported by documents like offer letters or consistent business income records, may qualify for home loans at more favourable and lower interest rates.

Loan Type	Interest Rate (% p.a.)
Special Housing Loan Rates	Policy Repo Rate + 2.45% to 3.30% = 8.70% to 9.55%
Standard Housing Loan Rates	Policy Repo Rate + 3.15% to 3.70% = 9.40% to 9.95%

HDFC Bank Home Loan Interest Rates for Women

HDFC Bank does not offer specific schemes for women home loan applicants. Previously, the bank provided a 0.50% interest rate concession, but this benefit has since been discontinued.

HDFC Home Loan Interest Rates – Scheme Wise

The table below outlines the HDFC Bank home loan percentage applicable to various home loan schemes:

Type of Loan	Interest Rate
Top-up and Plot Housing Loans	9.25% to 14.50%
Home Renovation, Extension, and Reach Home Loans	8.75% to 14% p.a.
Loan Against Property	9.75% to 15% p.a.
Home Loan Balance Transfer	Starting at 8.75%
Special Housing Loan Scheme	Starting at 8.50%

How Do You Calculate The Effective Interest Rate on a HDFC Home Loan?

The interest rates for HDFC Home Loans are calculated by adding the RBI Repo Rate received by the bank, currently 6.25%, and the bank loan charges, which can vary according to the borrower’s credit score, home type and location, and other economic factors. For professionals and non-professionals, the bank charges can be between 2.45% and 3.30%.

List of Factors that affect HDFC Bank Home Loan interest rate and EMI

Here are some factors that will directly affect your allotted interest rate and EMI amount for the HDFC home loan:

Credit Score

Your credit score plays a major role in determining the interest rate you’re offered. A high score (usually 750 and above) reflects strong repayment behaviour and increases your chances of securing a lower rate and vice versa.

Employment Status and Stability 

Banks typically offer lower interest rates to individuals with a stable employment history, especially those who have worked with the same employer for several years. If their financial records reflect steady profits, they are significantly more likely to secure a low-interest home loan.

Loan Amount and Tenure 

The size of the loan and the repayment tenure directly impact the EMI and overall interest cost. Longer tenures help reduce monthly EMI by spreading the repayment over an extended period, while shorter tenures increase the EMI but reduce the overall interest paid. 

Property Type and Location

The kind of property you’re buying, its age, location, and overall condition can impact the interest rate on your home loan. Homes in well-developed or approved areas with good resale value often get you better loan terms.

Impact on HDFC Bank Home Loan EMI Calculations after the Repo Rate Cut by RBI

RBI made a notable move by cutting the repo rate. This change made borrowing from banks more affordable and accessible for consumers. Following suit, the home loan rate of HDFC Bank also lowered its base interest rate by a similar margin, bringing its minimum home loan rate down to 8.70%.

Here is an example of the same:

Let’s say you took an HDFC home loan before 2025 at an interest rate of 8.95% and took out another loan after the repo rate cut when the rate dropped to 8.70%. In both cases, the loan amount is ₹50 lakh. Now, if the loan tenures were 10 and 20 years, let’s explore how much you could save in EMIs and total interest due to the reduced rate.

Loan Tenure Being 10 Years

Principal Amount (in INR)	Interest Rate	Monthly EMI	Total Interest Payable
50 Lakhs	8.95% (Before)	₹63,484	₹26,18,091
50 Lakhs	8.70% (After)	₹62,571	₹25,08,541

Hence, the borrower would save INR 913 monthly and INR 1,09,550 in the loan tenure.

Loan Tenure Being 20 Years

Principal Amount (in INR)	Interest Rate	Monthly EMI	Total Interest Payable
50 Lakhs	8.95% (Before)	₹44,897	₹57,75,221
50 Lakhs	8.70% (After)	₹43,961	₹55,50,758

Here, the borrower would have saved INR 836 monthly and INR 2,24,463 in the overall loan tenure.

How to Get the Best Interest Rate on HDFC Bank Housing Loan?

Here are some tips and tricks you can use to get HDFC Bank Home loans at lower interest rates:

• Maintain a high credit score or get a co-borrower with a higher credit score, which will prove your creditworthiness to the bank.
• Apply for home loans during festive seasons, as you can avail yourself of special discounts from the bank. 
• Make a larger down payment to reduce the loan amount and lower your risk profile.
• If you think market rates might go down soon, you should consider opting for a floating interest rate. 
• Present clear, well-maintained financial records to highlight your business’s profitability and demonstrate strong repayment capacity.

HDFC Bank Home Loan Interest Rates of the Last 10 Years

The figures below provide an approximate overview of how HDFC Bank home loan interest rates have fluctuated over the years.

Year	Interest Rate
2024	8.70% to 9.80%
2023	Starting from 8.70%
2022	6.7% to 7.15%
2021	6.7% to 7.40%
2020	Starting from 7%
2019	Starting from 8.70%
2018	8.70% to 9.30%
2017	9.5% to 10.75%
2016	9.4% to 9.45%
2015	10.15% to 10.50%

*Interest Rates are subject to change.