HDFC Home Loan
HDFC Home Loans provides loans at interest rates starting from 7.75% annually, with flexible repayment options of up to 30 years. The processing fee is up to 0.5% of the loan amount or at least Rs. 3,300, plus any taxes and other charges.
| HDFC Home Loans Interest Rates 2025 | |
|---|---|
| Loan Type | Interest Rates |
| Special Home Loan (Salaried & Self-Employed) | 7.75% p.a. – 13.20% p.a. |
HDFC offers home loan interest rates starting from 7.75% p.a. for various salaried and self-employed borrowers.
Compare Home Loan Interest Rates Across Different Banks
| SBI Home Loan | 7.25% p.a. to 10.50% p.a. |
| HDFC Home Loan | 7.75% p.a. onwards |
| PNB Housing Finance | 7.70% p.a. to 11.45% p.a. |
| Axis Home Loan | 8.35% p.a. to 9.35% p.a. |
| Union Bank of India Home Loan | 8.60% p.a. onwards |
| Bank of Baroda Home Loan | Floating rate: 7.45% to 9.20% per year, Fixed rate: 9.15% to 10.20% per year. |
| LIC Home Loan | 7.50% p.a. onwards |
| Kotak Mahindra Bank Home Loan | 7.99% p.a. onwards |
| Central Bank of India Home Loan | 7.35% p.a. onwards |
| Aditya Birla Housing Finance | Salaried: 8.80%–14.00% p.a. & Self-employed: 9.10%–14.75% p.a. |
| HSBC Home Loan | 7.70% p.a. onwards |
| Standard Chartered Bank Home Loan | Starting from 8.95% p.a. |
| TATA Capital Home Loan | 7.75% p.a. onwards |
| YES Bank Home Loan | 9.00% - 11.50% p.a. |
| IDBI Home Loan | 7.65% p.a. onwards |
| Bandhan Bank Home Loan | 8.14% p.a. onwards |
| Federal Bank Home Loan | 8.75% p.a. onwards |
| South Indian Bank Home Loan | 8.30% p.a. onwards |
HDFC Home Loans Eligibility
HDFC Home Loans are available to customers based on their income, repayment capacity, age, credit score, and credit history. Here’s a quick look at the basic eligibility:
- Age: 21 to 65 years (for both salaried and self-employed)
- Income: Minimum Rs.10,000 per month for salaried individuals, Rs.2 lakh per year for self-employed
- Nationality: Resident Indian
HDFC Home Loan Schemes
HDFC provides different types of home loans that are available for both salaried people and self-employed individuals. Here’s a simplified list:
- HDFC Home Loan: For buying flats, bungalows, row houses, or properties from development authorities. Up to 90% financing, interest concession for women, only for resident Indians.
- HDFC Plot Loan: For buying a plot through direct allotment or resale. Custom repayment options, no hidden charges, legal and technical support.
- HDFC Rural Housing Loan: A housing loan designed to support farmers, planters, horticulturists, and dairy farmers in building or buying a home. IT returns not required for agriculturists, tenure up to 20 years.
- HDFC Reach Home Loan: For salaried and self-employed individuals to buy a new or existing home or plot. It can also be used to build a house.
- HDFC Home Improvement Loan: For home renovation. Available to new and existing customers with simple documentation and home loan-like interest rates.
- HDFC Home Extension Loan: To extend or add space to your home. Maximum tenure 20 years, interest concessions for women.
- HDFC Top-Up Loans: For personal or professional needs, up to Rs.50 lakh. Available after 12 months of the existing home loan disbursement.
- HDFC Balance Transfer Loans: Transfer your existing loan to HDFC with extra top-up options up to Rs.50 lakh. Special provisions for Indian Army employees.
- HDFC NRI Home Loans: For NRIs to buy flats, bungalows, or row houses in approved projects across India. Includes advisory services in your country of residence.
- HDFC PMAY: Affordable housing with interest subsidy up to 4% on loans up to Rs.8 lakh for EWS, LIG, and MIG categories. Subsidy available for a maximum tenure of 20 years.
Important Notes
All loans are granted at HDFC’s discretion. Interest rates depend on the applicant’s credit profile and are variable. Rates are subject to change and may differ for Home Improvement, Home Extension, Plot, and Construction loans. HDFC reserves the right to withdraw any offer at any time without prior notice.
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HDFC Home Loans: Documents Required
For Salaried Individuals
- Income proof: Latest 3 months’ salary slips, last 6 months’ bank statements, latest Form 16 and IT returns
- Employment details
- Proof of your own contribution
- Bank statement for last 6 months to show other loans (if any)
- Passport-size photo with signature (for applicant and co-applicant)
- Cheque for processing fee
For Self-Employed Individuals
- Income proof: IT Returns for last 3 years, attested by a CA, along with business income details
- Last 3 years’ balance sheet and income statements
- Last 6 years’ current account statements of business and savings account statements
- Business profile
- Form 26 AS (latest)
- Proof of your own contribution
- Partnership deed (if applicable)
- Details of ongoing loans (if any) for you and your business
- Passport-size photo with signature (for applicant and co-applicant)
- List of directors and shareholders with shareholding details
- Cheque for processing fee
Common Documents for All Applicants
- Proof of identity and address: Identity and address proof can be given through Aadhaar card, voter ID, passport, or driving license.
- Property-related documents:
- New homes: Buyer agreement copy and payment receipt to the builder
- Resale homes: Title deeds, builder payment receipt, and agreement to sell
- Home construction: Title deeds, no-encumbrance proof, and architect's construction estimate
How to Apply for HDFC Home Loans
You can apply through multiple channels:
- Online via RatingOK : Visit RatingOK, go to the 'Home Loan' section, select HDFC Home Loans, and click 'Apply Now'. You can check your loan status here.
- Online via HDFC Portal: Go to the official HDFC Home Loans portal, fill out the application form, and follow on-screen instructions. Loan status can be tracked online.
- Offline via HDFC Branch: Visit a nearby HDFC branch and consult a home loan executive or contact HDFC Customer Care for guidance.
HDFC Home Loans Customer Care
- Toll-Free Numbers: 1800 258 38 38, 1800 22 40 60
- Corporate Office Address: HDFC House, 165-166 HT Parekh Marg, Backbay Reclamation, Churchgate, Mumbai 400020
- Contact Number: +91 (22) 6663 6000
How much loan can I get and am I eligible?
HDFC decides your loan amount based on your income, job stability, credit history, and ability to repay. Adding a co-applicant can help you qualify for a higher loan amount, and if the co-applicant is a woman, you may also get the benefit of lower interest rates.
When do I start paying EMIs?
EMIs start from the month after your loan is disbursed. For under-construction properties, you can start after the first instalment or wait until the full loan is released, depending on your choice.
What repayment options are available?
HDFC offers different repayment options like regular EMI, step-up EMIs, accelerated repayment, flexible instalments, and telescopic repayment. Some options may not be available for all loan types.
What factors affect the loan tenure?
The tenure of your loan depends on your age when the loan ends, your personal profile, the age of the property at loan maturity, and the repayment plan you choose.
What is part or subsequent disbursement?
If your home is still being built, HDFC gives the loan in stages depending on how much work is completed, and these stages are called part or subsequent disbursements.
What is the difference between Home Improvement and Home Extension Loans?
A Home Extension Loan helps you add new rooms or extra space to your house, while a Home Improvement Loan is meant for repairing, renovating, or upgrading your current home.