HDFC Bank Home Loan
Are you looking to buy, renovate, construct your home, HDFC Home Loan give you excellent features & benefits. HDFC Home Loan offers you attractive rate of interest with flexible tenure facility. HDFC Home Loan services available all over India.
Home Loan Features & Benefits
Features
- Home Loan available for purchase of flat & raw house
- Home Loan for construction on a leasehold/ freehold plot
- Home Loan available for purchase of properties from DDA & MHADA
- Integrated network of service all over India
- Expert will aid you while buying house decision
Benefits
| Processing Fees | Starts at 0.50% of the loan amount or Rs.3,000 (whichever is higher) |
| Interest Rate | 6.75% p.a. onwards |
| Maximum Tenure | 30 years |
HDFC Bank Various Home Loans
- HDFC Home Loan offers competitive interest rates
- Contact less quick online application process
- Flexible Tenure available
- Make easy EMI payment by online or offline
- Lowest Interest Rates
HDFC Bank Home Loan Interest Rates, Processing fees & tenure
HDFC Plot Loans
Salaried Individual /Self Employed (Professionals): - Based on loan amount up to 0.50% will be charged.
Agriculturists/Self-Employed (Non-Professionals): - Based on loan amount up to 1.50% will be charged.
HDFC Home Improvement Loans
Salaried Individual /Self Employed (Professionals): - Based on loan amount up to 0.50% will be charged.
Agriculturists/Self-Employed (Non-Professionals): - Based on loan amount up to 1.50% will be charged.
HDFC Home Extension Loan
Salaried Individual /Self Employed (Professionals): - Based on loan amount up to 0.50% will be charged.
Agriculturists/Self-Employed (Non-Professionals): - Based on loan amount up to 1.50% will be charged.
HDFC NRI Home Loans
Salaried Individual /Self Employed (Professionals): - Based on loan amount up to 0.50% will be charged.
Agriculturists/Self-Employed (Non-Professionals): - Based on loan amount up to 1.50% will be charged.
HDFC Top-Up Loans
Salaried Individual /Self Employed (Professionals): - Based on loan amount up to 0.50% will be charged.
Agriculturists/Self-Employed (Non-Professionals): - Based on loan amount up to 1.50% will be charged.
HDFC Home Loan Balance Transfer
Salaried Individual /Self Employed (Professionals): - Based on loan amount up to 0.50% will be charged.
Agriculturists/Self-Employed (Non-Professionals): - Based on loan amount up to 1.50% will be charged.
Type of Other Charges
Prepayment Charges: -
Fixed Interest Rates -No prepayment charges are applicable to individual borrowers except if the loan is sanctioned to business purposes.
Note: - In case your loan is prepaid within the first six months from the date of sanction they you need to pay 2% of loan amount as a prepayment charges.
Floating Interest Rates – No prepayment charges are applicable to individuals borrowers except if the loan is sanctioned to business purposes.
Note: - In case your loan is prepaid within the first six months from the date of sanction they you need to pay 2% of loan amount as a prepayment charges.
External Opinion Fees: - External opinion fees are considered based on advocate/technical valuers' opinion on account if required to any case only.
Property Insurance: - These charges will be applicable to customers on case-to-case basis that too premium amounts need to be paid directly to the insurance company/provider.
Fees on Account of Delayed Payments: - This kind of charges will be levied to customers if fails to pay interest or EMI not on time, therefore customers are required to pay an additional charge up to 24% annum.
Incidental Charges: - Incidental Charges are the separate charges which will not be accountable in your actual main bill.
Regulatory/Statutory Charges: - These are the charges which come under the stamp duty, MOE, MOE, CERSAI - Central Registry of Securitization Asset Reconstruction and Security Interest of India & other regulatory/statutory charges are applicable.
Other Charges: -
| Type | Charges |
| Check Dishonour Charges | 300 |
| List Of Documents | Up to 500 |
| Photocopy Of Documents | Up to 500 |
| PDC Swap | Up to 500 |
| Disbursement Cheque Cancellation Charge Post Disbursement | Up to 500 |
| Re-Appraisal of Loan After 6 Months from Sanction | Up to ?2,000 plus applicable taxes |
HDFC Bank Home Loan Eligibility
HDFC Bank home loan eligibility criteria is determined by standard terms & norms. Before providing loan to applicant, it needs to be proven that He/She is eligible to pay back the Loan Amount within the specified time period. To check your eligibility on home loan use HDFC Bank home loan eligibility calculator
| Age | 21 – 65 years |
| Employment Type | Salaried and Self-employed professional and non-professional |
| Minimum Salary for Salaried | Rs.10,000 per month |
| Minimum Salary for Non-Salaried | Rs.2 lakh per annum |
HDFC Home Loan Eligibility Criteria for Primary Applicant: -
- Applicant must be resident of India
- Applicant age should be in-between 18 to 65 years
- Applicant must have a regular source of income might be salaried or self-employed
HDFC Home Loan Eligibility Criteria for Co-Applicant:-
- Co- Applicant must be blood relation (family members only)
- Remember Co-Applicant need to be Co-owner of the property
HDFC Home Loan Eligibility Criteria for Self-Employed Professional: -
- Doctor, CA, Architect, Lawyers, Consultant, Engineer & CS can apply for Home Loan on Self-Employed Professional category.
HDFC Home Loan Eligibility Criteria for Self-Employed Non-Professional: -
- Commission agents, Contractor &Traders can apply for Home Loan on Self Employed Non-professional category.
HDFC Bank Documents Required
KYC documents- Identity & Address proof
Proof of Identity
Both salaried & self-employed need to provide any one of the following as identity proof.
- PAN Card
- Passport
- Aadhaar Card
- Driving License
- Election/ Voter ID Card
Proof of residence:
Provide any of the following documents as a address proof:
- PAN Card
- Passport
- Aadhaar Card
- Driving License
- Election/ Voter’s ID Card
- Property/ Municipal Tax receipt
- Bank Account or Post Office Savings Bank Account statement
- Latest Utility bill (electricity, telephone, piped gas, water bill, post-paid mobile phone)
Income documents
Salaried Individuals:
- Salary slips of last 3 months
- Bank statements stating salary credits for last 6 month
- Latest Salary Slip/ Salary Certificate of current date
- Latest Form 16 and ITRSelf-employed individuals:
- Both for individual as well as business entity: ITR along with the computation of income for the past 3 Assessment Years, duly attested by CA.
- Balance Sheet and Profit & Loss Account Statements of the last 3 years, with Annexures / Schedules (of individual and business entity both), attested by a CA.
- Current Account Statements of the last 6 months of business entity and Savings Account Statements of last the 6 months of the individual.
Other documents-
- Proof of own contribution
- Bank Statements of last 6 months, showing repayment of any existing loans
- Passport-sized photographs of all the applicants as well as co-applicants, affixed on the Home Loan Application form and signed across.
- Processing fee cheque in favour of HDFC Bank. Salaried:
- Employment Contract or Appointment Letter (if current job was started within last 12 months)
Self-employed:- Business profile
- Latest Form 26 AS
- List of Directors and Shareholders with individual shareholding certified by a CA or CS if the business entity is a company.
- MOA of the Company
- Partnership deed is required in case the business entity is a partnership firm
- Details of existing loans of the individual as well as the business entity, including the details of the outstanding amount, instalments, purpose, security, balance loan term, etc.
How to apply for HDFC Home Loan Online
Be smart enough to grab the deal its 100% safe & secure HDFC home loan online process is totally seamless. Apply online it will save your time & energy too. Follow the below given 5 steps to apply for HDFC Home loan:-
- Visit the website of HDFC website of authorized online channel partners of HDFC, thereafter you will get the form just fill the application with required details for hdfc bank home loan login where it include your personal details, property details with occupation details.
- Once you have done the submission of application, quickly an official of HDFC or online partner will contact you directly to discuss about eligibility criteria with explain you latest interest rates & others charges payable.
- If you give your confirmation to proceed further, you will be required to submit your given details of documents by online or HDFC representatives will visit your location to collect documents. It's up to you whether you want to share hard copies of documents or soft copies.
- Hereafter,HDFC will ask you to submit processing fees & shortly conduct evaluation on your property to determine whether you are eligible & your property meet the requirements.
- If you meet the criteria, then you will be issued a sanction letter & you will be required to sign loan agreement with HDFC Bank, loan amount will be credited to your account shortly.
HDFC Home Loan FAQ
How does HDFC decide my loan amount on Home Loan?
Generally, while deciding one’s loan amount we need to ensure that you are capable to repay the loan amount therefore we check you meet specific eligibility criteria.
What are the modes to do repay HDFC home loan?
There is various method to make your EMI payment you can opt for online, offline & for more advanced you can also opt for Electronic Clearing System (ECS) which will help to direct deduct from monthly by employers.
Does HDFC offer lowest interest rates on Home Loan?
Yes, undoubtedly HDFC offer the ever-lowest interest rates on home loan.
What is the right time to apply for HDFC home loan?
It’s totally up to you when, once you had finalized your decision to purchase or construct your home, you can apply for HDFC home loan at anytime from anywhere.
Does home loan balance transfer available in HDFC?
Yes, HDFC offer this home loan balance transfer facility from where you can easily transfer your existing home loan of other bank to HDFC.
HDFC Home Loan Customer Care
You can directly visit HDFC Site & fill basic details to continue online chat
You can directly contact, just give a miss call to +91-9289200017
You can also send quick SMS to HDFCHOME to 56767
