Apply for HDFC Bank Home Loan online at an interest rate of 9.40% - 9.95% p.a. Lowest EMI is Rs. 834 per lakh for Home Loans of Up to 30 years tenure with minimum documents. With special offers like a 6-month provisional sanction and Rs 3000 + applicable taxes processing fee, HDFC Bank home loan is your best resource for affordable housing finance.
Updated: 31-05-2024 03:42:58 PM
Following are the HDFC Bank Home Loan fees & charges:
Loan amount | Up to 90% of property’s value |
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Rate of interest | 9.40% – 9.95% p.a. |
Age | 18 – 70 years |
Tenure | Up to 30 years |
Lowest EMI possible | Rs. 834 Per Lakh |
Processing fee |
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Foreclosure charges | Up to 2% of the outstanding balance amount |
Penal Interest | 2% p.a. |
All HDFC bank home loan interest rates are benchmarked to Policy Repo Rate, which is currently 6.50%. HDFC Bank Home Loan current rate of interest starts from 9.40% – 9.95% p.a. Compare the rate of interest for various HDFC Bank home loans using the following table on ROI of HDFC Bank Home loan 2024:
Special Home Loan Rates 2024 for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab | Spread | Interest Rates (p.a) |
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For All Loans | Policy Repo Rate + 2.00% to 2.65% | 9.40% – 9.95% |
Standard Home Loan Rates 2024 for Salaried & Self Employed 2024 (Professionals & Non-Professionals)
Loan Slab | Spread | Interest Rates (p.a) |
---|---|---|
For All Loans | Policy Repo Rate + 2.00% to 2.65% | 8.75% – 9.40% |
The above Home Loan interest rates are applicable for loans under the Adjustable Rate Home Loan Scheme (i.e. Floating Interest Rate) of HDFC Bank and are subject to change during disbursement. The HDFC Bank Home Loan interest rates given above are linked to the bank’s Repo Rate and are variable throughout the tenure of the loan. All loans are at the sole discretion of HDFC Bank.
Let’s compare HDFC Bank home loan rates with rates of interest offered by other banks-
Lender | Maximum Loan Amount | Interest Rate (p.a.) | Processing Fee |
---|---|---|---|
HDFC Bank Home Loan | Up to 90% of property’s value | 9.40% – 9.95% | Up to 0.50% + applicable taxes |
ICICI Bank Home Loan | Up to Rs. 10 Crores | 8.75% | 0.50% – 2% of the loan amount or Rs. 3,000 (whichever is higher) + applicable taxes & other statutory levies (if any) |
SBI Home Loan | Up to 90% of property cost | 8.50% – 10.05% | Up to 0.175% (minimum Rs. 2,000 & maximum Rs. 5,000) + GST |
Axis Bank Home Loan | Rs. 5 Crores | 8.75% – 9.10% | Up to 1%, minimum Rs.10,000 |
Bank of Baroda Home Loan | Rs. 10 Crores | 8.40% – 10.60% | Up to 0.50% of the loan amount; 100% waiver, subject to recovery of out of pocket expenses of Rs. 7,500 + GST (Per Property) for lead sourced through Digital Channel & Rs. 8,500 + GST (Per Property) for lead sourced through Non-Digital Channel |
You can instantly Calculate HDFC Bank Home Loan EMI using an online Home Loan EMI Calculator on our platform. All you have to do is fill up loan details like the loan amount, rate of interest, and the loan tenure. You will instantly get the EMI schedule along with the comprehensive amortisation table.
To help you compare home loan EMIs for HDFC Bank Home Loan, sharing below EMI Calculation for Rs 10 Lakhs to Rs 60 Lakhs amount for 10, 20 & 30 years at lowest rate of 9.40% – 9.95% p.a. The EMI will certainly change during the year as the home loan rate resets during the loan period.
Loan Amount | 10 years | 20 years | 30 years |
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Rs. 10 Lakhs | Rs. 12,885 | Rs. 9,256 | Rs. 8,336 |
Rs. 20 Lakhs | Rs. 25,770 | Rs. 18,512 | Rs. 16,671 |
Rs. 30 Lakhs | Rs. 38,655 | Rs. 27,768 | Rs. 25,007 |
Rs. 40 Lakhs | Rs. 51,540 | Rs. 37,024 | Rs. 33,343 |
Rs. 50 Lakhs | Rs. 64,425 | Rs. 46,281 | Rs. 41,678 |
Rs. 60 Lakhs | Rs. 77,310 | Rs. 55,537 | Rs. 50,014 |
Furthermore, you can also use HDFC Bank home loan eligibility Calculator to assess the loan amount eligibility for your profile. Share income, existing liabilities and tentative EMI for the calculation.
Fees and charges associated with the HDFC Bank Home Loans are:
HDFC Home Loan: Fees & Charges | |
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Processing fees | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + applicable taxes & statutory levies |
Additional interest | Up to 18% p.a. on overdue installment amounts |
Incidental charges & expenses | Levied to cover the cost, charges, expense & other monies as per actuals applicable to a case |
Stamp Duty/ MOD/ MOE/ Registration | As applicable in the respective States |
Fees/charges levied by entities such as CERSAI | As per actual charges/ fee levied by Regulatory bodies + applicable taxes & statutory levies |
Fees/charges levied by such third parties such as mortgage guarantee company | As per actual fee/ charges levied by any third party + applicable taxes & statutory levies |
Part prepayment charges | Up to 2% of principal outstanding being prepaid + applicable taxes |
Foreclosure charges | Up to 2% of the principal outstanding + applicable taxes |
The conversion fee of up to 0.50% of the principal outstanding and undisbursed amount (if any) + applicable taxes/ statutory levies at the time of conversion will be charged.
The processing fee is not refundable after the disbursal of the loan. Currently, the processing fee for salaried employees is up to 0.50% of the loan amount.
The cost of property, existing liabilities and take Home Salary are some of the important factors that determine your home loan eligibility. The minimum salary requirement for HDFC Bank Home Loan is Rs. 18000 for regular home loans and Rs 10,000 for low ticket home loans. The EMI should be below 50% of the take home salary.
Currently, HDFC Bank offers Home Loan Interest Rates starting from 9.40% – 9.95% p.a as part of its special scheme. Basis your income, age, loan requirement, credit history and property value the effective rate will be determined.
HDFC Bank offers Home Loans from 75% to 90% of the property’s market value, also known as Loan to Value (LTV) ratio. The loan amount will also vary as per the product chosen and credit policy of the bank. The LTV guidelines are:
Loan Amount | LTV % – Maximum Sanction Amount (subject to the market value of the property & repayment capacity of the borrower) |
Up to Rs. 30 Lakh | 90% of the property value |
Above Rs. 30 Lakh & up to Rs. 75 Lakh | 80% of the property value |
Above Rs. 75 Lakh | 75% of the property value |
Use following tips to secure the lowest Home Loan Interest Rate from HDFC Bank: