Housing Development Finance Corporation Home Loan
Housing Development Finance Corporation home loan makes home financing simple and efficient with its versatile loan options. Covering up to 90% of your property’s value, HDFC caters to various needs, such as buying, building, or renovating a home. With repayment tenures stretching up to 30 years, the loan ensures affordability with manageable EMIs. The user-friendly application process requires minimal paperwork, with doorstep service enhancing convenience. For added benefits, the Housing Development Finance Corporation housing loan also offers balance transfer options to help you switch existing loans easily. Whether it’s your first home or an upgrade, HDFC provides financial flexibility and support to help you realise your housing plans.
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Housing Development Finance Corporation Home Loan
Interest Rate
8.5% - 9.4%
Loan Amount
₹1L - ₹1Cr
EMI Per Lakh
₹2,052 - ₹2,095
Processing Fees
Pre-Payment Charges
Pre-closure Charges Allowed if borrower has paid at least 12 EMIs.
For salaried:
- 4% of principal outstanding (13-24 months)
- 3% of principal outstanding (25-36 months)
- 2% of principal outstanding (After 36 months)Part-payment Fees Allowed if borrower has paid at least 12 EMIs.
Features & Benefits of HDFC Ltd Home Loans
- Home loans for purchasing various types of properties.
- Professional technical and legal counseling.
- Integrated network of branches.
- PMAY interest subsidies.
- Completely digital procedure.
- Seamless documentation.
- Customized options for repayment.
- Digital home loan management.
- 24-7 support.
HDFC Ltd Home Loan Fees & Charges
- The processing fees are 0.50% of the loan amount or Rs. 3,000, whichever is higher along with applicable taxes. The minimum retention amount is 50% of the application fees or Rs. 3,000 and applicable taxes, whichever is more.
- Charges for delayed payments are up to 24% per annum.
Here are some of the additional charges that are payable in specific circumstances:
| Charge | Amount |
| Check Dishonor | Rs. 300 |
| Document List | Up to Rs. 500 |
| Document Photo Copies | Up to Rs. 500 |
| PDC Swap | Up to Rs. 500 |
| Disbursement Cheque Cancellation Charge After Disbursal | Up to Rs. 500 |
| Re-Appraisal Of Loan After 6 Months From Sanction | Up to Rs. 2,000 + taxes |
By Professions
By Property
By Other
Documents Required for HDFC Ltd Home Loan
| ID and Address Proof | Property Documents |
| Income Proof |
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How the EMI Calculation works for HDFC Ltd Home Loan?
You can use the online EMI calculator by entering the tenure, home loan amount and rate of interest. This will give you the amount payable every month.
Balance Transfer HDFC Ltd Home Loan
Balance transfer loans are provided at competitive interest rates to customers. You can transfer from any other financial institution and get top-up loans up to Rs. 50 lakh. There are competitive rates of interest along with customized options for repayment tailored to your requirements.
FAQs
From loans to affordable interest rates, we have the answers for everything you need to know.
Is a Home Loan A Tax Saving Deduction?
Yes you can get deductions up to Rs. 1.5 lakh under Section 80C and up to Rs. 2 lakh under Section 24.
What is The Minimum Salary For A Home Loan?
The minimum salary for a home loan is Rs. 25-30,000.
Can I Take Two Home Loans At A Time?
You can take two home loans simultaneously if you are eligible and you can afford to repay them conveniently every month.
When Does The Loan Repayment Period Start?
The repayment starts on the month after the month when the loan amount is disbursed to the bank.
Does HDFC Ltd Provide Home Loan at the best rate?
The interest rates are highly competitive and start from 6.70% onwards.
What are the KYC documents I will have to submit to apply for a home loan from HDFC Ltd?
There are several KYC documents required including Aadhar Card, PAN Card, Passport, Voter ID Card, Driving License, etc.
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