HDFC Sales Home Loan Interest Rates

4.5

HDFC offers a wide range of home loan schemes to cater to their clients' different needs. Salaried and self-employed individuals can avail of home loan products. Applicants can achieve their dream of owning a home through HDFC home loans as the interest rate is low, the tenure is flexible, EMIs are comfortable, and the fee and charges are minimal.

  • Home Loan offer for You

  • 7.55% - 8.05%

    Interest Rate (p.a.)
  • ₹5L - ₹10Cr

    Tenure(Up to 30 Years)
  • ₹2,006 - ₹2,030

    EMI Per Lakh
  • 7.55% - 8.05%

    Interest Rate (p.a.)
  • ₹5L - ₹10Cr

    Tenure(Up to 30 Years)
  • --

    Processing Fee

Compare HDFC Sales Home Loan Interest Rates with Other Lenders

The following table compares HDFC Sales home loan interest rates with other major Indian banks. It will help you to understand how HDFC Sales are better than other available products.

  • 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

HDFC Sales offers home loans to help you fulfil your dream of owning a home. With competitive HDFC Sales home loan interest rates, you can easily avail of a hassle-free and economical home loan. HDFC Sales home loan comes with various features, including flexible repayment options, quick processing, and effortless transfer of existing loans. Moreover, you can also avail of tax benefits under Section 80C of the Income Tax Act.

Additionally, you can avail of free personal accident insurance and death insurance, making your home loan experience even more secure. So, if you are looking for a reliable and economical home loan, then HDFC Sales Home Loan is perfect.

HDFC Sales Home Loan Interest Rates 2024

HDFC Sales offers a variety of home loan products for customers across segments. There are several types of loans for purchasing various properties, including new apartments from developers or homes from development authorities or even for resale units. You can conveniently apply for an HDFC Sales home loan and take advantage of the attractive HDFC Sales home loan interest rate starting from 8.10% per annum onwards, a quick online application procedure, and several other benefits.

HDFC Sales Home Loan Highlight

HDFC Sales Home Loan provides a wide range of home loan products, such as new Home Loans, Plot Loans, and Rural Housing Loans. All these loans are available at competitive rates of interest.

HDFC Home Loan highlights include:

  • The easy and hassle-free application process 
  • Low-interest rates starting from 8.10% onwards
  • Minimal documentation 
  • Flexible repayment options and quick disbursal 
  • Customised loan tenure 
  • Comprehensive insurance coverage 
  • Balance transfer facility 
  • Paperless processing through online mode
  • Pre-approved home loan 
  • No foreclosure charges

HDFC Sales Home Interest Rates on Loan schemes

HDFC Sales offers various home loan schemes to cope with distinct borrower needs. You can choose any scheme that perfectly suits your financial needs at competitive HDFC Sales home loan interest rates.

Home Loans

These are the secured loans in which borrowed funds are used to purchase a residential property. HDFC Sales home loans are available at affordable interest rates from 8.10% onwards. The interest rate may vary from one applicant to another based on their credit profile. Additionally, these loans come with flexible repayment tenure of up to 30 years at maximum. 

Plot Loans

Get funds to purchase a plot through HDFC Sales plot loans and build a space that is entirely yours. The bank offers affordable plot loan interest rates from 8.10% onwards to make your purchase affordable. Additionally, you get customised repayment options to repay the loan at your convenience. 

Rural Housing Loans

HDFC Sales provides specially designed home loan products to rural citizens to support them in realising their dreams. HDFC Sales Rural Housing Loan Schemes are available for Agriculturists, Horticulturists, and Dairy Farmers to purchase residential property in rural and urban areas. The bank offers a maximum repayment tenure of 20 years at attractive interest rates starting from 8.10% onwards.

HDFC Sales Home Loan Interest Rates for Salaried and Self-Employed

HDFC Sales offers a variety of home loan products for both salaried and self-employed individuals. The home loan interest rates for salaried individuals start from 8.10% per annum with a loan tenure of up to 30 years and EMIs starting from ₹ 741* per lakh.

Self-employed individuals can avail of home loan interest rates from 8.10% onwards. However, the documentation can vary from the ones required from employed applicants. 

HDFC Sales Home Loan Interest Rate for Govt Employees

HDFC Sales home loan schemes are available for government employees at a concessional rate starting from 8.10% per annum onwards. The interest rate applicable is determined based on the customer's profile and other factors, including credit score, annual income, financial history, etc. 

HDFC Sales Home Loan Interest Rate For Women

HDFC Sales currently offers a home loan interest rate of 8.10%* per annum for women borrowers. However, home loans are available only for working women rather than for homemakers.

How to Calculate HDFC Sales Home Loan Interest?

To calculate HDFC Sales Home Loan interest, you will need to use the interest rate provided by HDFC Sales. This rate is usually expressed as an annual percentage rate (APR).

Once you have the APR, you can calculate the monthly interest rate. The monthly interest rate is simply the APR divided by 12.

To find your total interest cost for the loan, you can use this formula: Total Interest Cost = Loan Amount x (Monthly Interest Rate/100) x Number of Months.

For example, if you took out a loan of Rs.10 lakhs at an interest rate of 10%, the total interest cost would be Rs.1,00,000 x (10/100) x 60 months = Rs.6,00,000.

Why are HDFC Sales Home Loan Interest Rates the Best for Customers?

HDFC Sales offers competitive interest rates on home loans that are among the best in the market. HDFC has a wide network of branches and customer service centres to provide personalised services to customers. The bank also offers an easy application process and quick processing of loan applications. HDFC Sales offers attractive features such as flexible repayment options, lower EMIs, and pre-approved loans. This makes HDFC Sales home loan interest rates one of the best for customers.

Factors that Affect HDFC Sales Home Loan Interest Rate

Several factors create a significant impact on HDFC Sales home loan interest rates. These are:

  • Credit Score: A good credit score is one of the most critical factors affecting a home loan's interest rate and EMI. A higher credit score will result in a lower interest rate and EMI. 
  • Loan Amount: The higher the loan amount, the higher the interest rate and EMI. 
  • Loan Term: The longer the loan term, the higher the interest component, as you will pay instalments for a prolonged period. 
  • Income: The higher the income, the lower the interest rate and EMI. 
  • Loan-to-Value Ratio: The lower the loan-to-value ratio, the lower the interest rate and EMI. 
  • Repayment Capacity: The better the repayment capacity, the lower the interest rate and EMI. 
  • Market Conditions: Changes in the market conditions, such as inflation and interest rates, can also affect the interest rate and EMI. 
  • Bank's Internal Factors: The bank's internal factors, such as loan policies and risk assessment models, can also affect the interest rate and EMI.

Frequently Asked Questions (FAQs)

What is the current rate of interest on HDFC Sales home loan?

The interest rate for HDFC Sales home loan starts from 8.10% per annum onwards. However, the interest rate may vary from one applicant to another based on their creditworthiness.

Do HDFC Sales provide a 90% home loan?

Yes, HDFC sales provide 90% of home loan value based on the property location and estimated resale value.

What is the EMI for a 30 lakhs home loan for 20 years?

The monthly EMI for 30 lakhs home loan amount entirely depends upon the offered interest rate. Let’s say you secure an HDFC Sales home loan of INR 30 lakhs with 20-year repayment tenure at 8.65%. Your monthly EMI will account for INR 26,320.

How can I reduce my HDFC Sales home loan interest rate?

To reduce HDFC Sales home loan interest rate, you need to start practising certain financial habits at least a year ahead. Firstly, try to clear your existing debts. Secondly, do some savings to make higher down payments which will decrease the principal loan amount and the interest component.

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