HDFC Bank Home Loan Interest Rates

4.5

You can avail a wide range of home loan products offered by HDFC bank, with interest rates starting at 8.60% per annum. An ideal applicant can get a home loan of up to 90% of the property value. The simple and digital application process, transparent charges, and customised repayment plan make this an ideal option for both salaried and self-employed applicants. A borrower can also avail of a top-up loan of up to Rs. 50 lakhs and the automated repayment facility enable you to repay the loan at your own pace.

  • Home Loan offer for You

  • 8.35% - 9.4%

    Interest Rate (p.a.)
  • ₹1L - ₹10Cr

    Tenure(1 - 30 Years)
  • ₹2,044 - ₹2,095

    EMI Per Lakh
  • 8.35% - 9.4%

    Interest Rate (p.a.)
  • ₹1L - ₹10Cr

    Tenure(1 - 30 Years)
  • ₹4,999 One time fee

    Processing Fee

Compare HDFC Bank Home Loan Interest Rates with Other Lenders

The following table showcases a comparison of HDFC Home Loan interest rates with other top lending institutions in the country. 

  • Starting Interest Rate (p.a)
  • Processing Fee
  • Rating
  • Min. Loan Amount
  • 5 Lac
  • 20 Cr
Years
  • 5
  • 30
%
  • 6
  • 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

The HDFC Home Loan interest rates commence from 8.60% per annum. One can raise an amount ranging from Rs 5 Lakhs to Rs 10 Crores. This financial institution offers a flexible tenure to the applicants as one can repay the loan anywhere between 1 to 30 years.

Category  Interest Rates 
Up to Rs 30 Lakhs  8.65% per annum - 9.15% per annum 
Up to Rs 30 Lakhs (For Women)  8.60% per annum - 9.10% per annum 
From Rs 30 Lakhs - Rs 75 Lakhs   8.90% per annum - 9.40% per annum 
From Rs 30 Lakhs - Rs 75 Lakhs (For Women)  8.85% per annum - 9.35% per annum 
Above Rs 75 Lakhs  9.00% per annum - 9.50% per annum 
Above Rs 75 Lakhs  (For Women)  8.95% per annum - 9.45% per annum 

HDFC Home Loan Highlight

The following table showcases the critical highlights of the HDFC Bank home loan scheme.

Loan amount  Rs 5 Lakhs - 10 Crores 
Tenure  1 - 30 years 
Loan Available Salaried and Self-employed Individuals
Processing Fee Rs 3,000 - Rs 5,000 

HDFC Home Loan Schemes

HDFC Bank offers the following Home loan schemes to cater to the housing requirements of the customer base in India.

HDFC Home Loan 

The HDFC Loan provides the following features to home loan borrowers:

  • 90% of the property cost 
  • Women applicants can avail of concession on interest rates. 
  • Citizens of India can avail of Home loans to acquire Indian properties. 
  • The funds can be used to obtain flats, bungalows, and row houses.

HDFC Plot Loans 

HDFC Plot loans allow borrowers in India to obtain plots.

  • No hidden charges. 
  • No repayment charges would be levied from the borrowers. 
  • One can also avail of a loan to resale a plot. 
  • Legal and technical counsel. 

HDFC Rural Housing Loan 

The HDFC rural housing loan caters to the housing requirements of rural customers in India.

  • Customized home loan schemes for agriculturists, horticulturists, and dairy farmers.
  • No need to produce IT returns.
  • Agriculturists can avail of repayment of up to 20 years. 

HDFC Reach Home Loan 

The HDFC Reach home loan allows this is a scheme designed to purchase new and existing homes in India.

  • Salaried and Self-employed individuals with an annual income of Rs 1.2 Lakhs and Rs 2 Lakhs, respectively, can apply under this scheme.
  • Utilise the funds used to purchase plots.
  • Construction of home on a free-hold land. 

HDFC Home Improvement Loan 

As the name suggests, the Home improvement loan allows the individual to facilitate home renovation projects.

  • Lucrative interest rates
  • Easy documentation process
  • Conclude home renovation projects from the funds raised. 

HDFC PMAY 

Pradhan Mantri Awas Yojana is a home loan subsidy scheme. The borrower can avail of the following under the HDFC PMAY.

  • Avail Interest Subsidy of up to 6.5% per annum on the loans
  • One can save an interest amount of up to 2.67 Lakhs under this scheme.
  • Interest subsidy on a maximum tenure of 20 years.
  • Employees falling under the Economically Weaker Section, Lower Income Group and Middle Income Group can apply under this scheme. 

HDFC Home Interest for Salaried and Self-Employed Individuals

The HDFC Home Loan Interest Rate for the Salaried and Self-employed vary based on the applicant. Before determining the interest rate, this financial institution will evaluate the applicant's creditworthiness by examining the CIBIL score. The amount that needs to be borrowed also impacts the HDFC Home Loan interest rates. Generally, the interest rate commences from 8.60% per annum.

HDFC Bank Home Loan Interest Rates For Women

The HDFC Bank Provides concessions to women borrowers to stimulate homeownership among women. The following table showcases the HDFC Bank Home Loan Interest rate for Women.

Up to Rs 30 Lakhs  8.60% per annum - 9.10% per annum 
From Rs 30 Lakhs - Rs 75 Lakhs (For Women)  8.85% per annum - 9.35% per annum 
Above Rs 75 Lakhs  (For Women)  8.95% per annum - 9.45% per annum 
HDFC Bank Home Loan Interest Rate For NRI

The HDFC Bank Home Loan Interest Rate for NRIs under the Home Loan for NRI scheme are lucrative and subject to the applicant. However, the scheme offers the following features to the borrowers.

  • Allows the NRIs to obtain properties from private developers in approved projects. 
  • Availability of advisory services in the country of residence. 
  • One can purchase property anywhere in India from the funds raised. 

HDFC Home Loan Processing Charges 

The HDFC Bank Home Loan levies the following charges from the borrowers to process the loan.

Processing Fee  0.5% 
Interest Rate (Penalty)  Up to 24% per annum 
Prepayment Charges  Nil to 2% per annum 
PDC SWAP Charges  Rs 500 
Dishonour Cheque  Rs 300 

How Can You Calculate HDFC Home Loan Interest?

The HDFC Home Loan employs the following formulae to compute the EMI rate on the home loan.

EMI = [P x r x (1+r)^n]/[(1+r)^n-1]

Where,

  • P is the Principal amount. 
  • r is the rate of interest on the loan 
  • n is the tenure of the repayment.

Why Are HDFC Home Loan Interest Rates the Best for Customers?

This Bank is one of the country's most renowned financial institutions that offers customers a wide range of products and services. The HDFC Bank Home Loan Interest Rates are lucrative. One can avail of various facilities such as zero prepayments, an easy application process and flexible tenure to conclude their loan repayment without hassle.

HDFC Home Loan Interest Rates for Existing Customers

The HDFC Home Loan Interest rates can be lucrative for existing customers as the bank offers a variety of discounts and rebates to them. One can visit their branch office better to understand the discounts on interest and loan charges one can avail of.

Factors that affect HDFC Home Loan Interest Rate and EMI

The following factors impact the HDFC Home Loan Interest rate and EMI amount.

  • The CIBIL score of the applicant is accounted for while computing the interest rate and EMI amount. As the bank wants to evaluate the creditworthiness of the applicant.
  • Another factor that will impact the EMI on the home loan is the tenure of repayment. A longer tenure will spread out the repayment amount and the repayment more manageable.
  • The scheme under which one has applied for a home loan. One can avail of interest subsidy under HDFC PMAY, and the bank offers concessions to women borrowers on interest rates.
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