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The house of your dreams can now be yours with an HDFC Home Loan. Buying a house is an important milestone in your life, and we are here to help you along every step of the way.
With more than thirty years’ experience as a housing finance provider, HDFC Home Loans can give you the perfect product to fulfil your need, along with affordable EMIs. Our suite of Housing Finance products includes Home Loans, Home Improvement/Renovation Loans and Home Extension Loans.
Apply for an HDFC Home Loan now.
Why choose this product?
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Flexible repayment options
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Automated Repayment of Home Loan EMIs
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In-house scrutiny of property documents
Get the HDFC Advantage
- Over 33 years of lending experience
- Widest range of Home Loan Products
- Flexible loan repayment options
- Free & safe document storage
*Conditions apply. All Home Loans from HDFC Ltd. Credit at sole discretion of HDFC Ltd
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What’s the product all about?
HDFC Bank brings HDFC home loans to your doorstep. Over 3 decades of exclusive experience, a dedicated team of experts and a complete package to meet all your housing finance needs, HDFC Home Loans, help you realize your dream.
The HDFC Advantage
- Pioneers of Housing Finance in India with over 33 years of lending experience
- Widest range of Home Loan Products
- Most experienced and empowered personnel to ensure smooth & easy processing.
- Counseling and advisory servicesIt is a service which develops conclusions and recommendations that are presented to the customer for consideration and decison making. for acquiring a property
- Loan from any office for purchase of home anywhere in India
- Loan approval even before a property is selected
- Flexible loan repayment options
- Free & safe document storage
What are the features and benefits of HDFC Home Loans?
- Home Loan:
Home loans for individuals to purchase (fresh / resale) or construct houses. Application can be made individually or jointly. HDFC finances up to 80% of the cost of the property based on the repayment capacity of the customer. - Home Improvement Loan:
The interiors of any home reflect the personal preferences and tastes of its owners making it imperative to constantly upgrade to keep up with changing times. HIL facilitates internal and external repairs and other structural improvements like Painting, Waterproofing and Roofing, Plumbing and Electrical Works, Tiling and Flooring, Grills, Aluminum Windows compound walls and much more. HDFC finances up to 85% of the cost of improvement. This is however subject to 80% of market value as assessed by HDFC. - Home Extension Loan:
HEL for adding more space to your existing home for meeting the requirements of your growing family be it an extra bedroom for your children, a reading room for yourself or a cozy coffee corner. It is easy to extend your home anyway you like. HDFC finances up to 85% of the cost of extension. This is however subject to 80% of market value as assessed by HDFC. - Automated Repayment of Home loan EMI:
You can give us standing instructions to repay your Home Loan EMIs directly from your HDFC Bank Savings Account, thus, saving you the trouble of procuring, signing and tracking post-dated cheques. - HDFC also offers In-house scrutiny of Property documents for your complete peace of mind.
- Customer privileges:
If you are an existing HDFC Home Loan customer, you can avail of other loans (such as Personal Loans, Car Loans, Two-wheeler Loans and Loan against securities) at lower interest rates.
*Conditions apply. All Home Loans from HDFC Ltd. Credit at sole discretion of HDFC Ltd
Click here to view the home loan rates.
What are the product features of HDFC - Rural Housing Finance?
HDFC offers home loans in rural areas for:
- Agriculturists
- Dairy Farmers
- Planters
- Horticulturists
- Construction of houses on plot owned by you
- Addition of more rooms or floors to your existing house
- Renovation & improvement of your house
- Purchase of a new house
Rural Housing Finance Features
- For Agriculturists:
- If you are a farmer/planter/horticulturist/dairy farmer etc. having your own land and looking to build your own home, get in touch with us.
- Specially Designed Housing Loans for Agriculturists.
- Loan eligibility on the basis of land owned by you and the crops being cultivated.
- Housing Loan in residential area of your own village
- Loans for buying house or flat in city of your choice
- For Salaried & Self Employed:
- Everyone wants a place to call home what better place than your village or town to own one.
- Housing Loans for homes in rural areas for Salaried persons
- Housing Loans for homes in rural areas for Self Employed Businessmen or Self Employed Professional.
Documents
| Agriculturists | Salaried Customers | Self Employed Professionals | Self Employed Businessmen |
|---|---|---|---|
| Application form with photograph | Application form with photograph | Application form with photograph | Application form with photograph |
| Identity and Residence Proof | Identity and Residence Proof | Identity and Residence Proof | Identity and Residence Proof |
| Last 6 months bank statements | Last 6 months bank statements | Last 6 months bank statements | Last 6 months bank statements (self & business) |
| Processing fee cheque | Processing fee cheque | Processing fee cheque | Processing fee cheque |
| Income Documents | |||
| Copies of Title Documents of Agricultural Land depicting Land holding | Latest Salary Slip | Education Qualifications Certificate and Proof of business | Education Qualifications Certificate and Proof of business |
| Copies of Title Documents of Agricultural Land depicting crops being cultivated | Form 16 | Last 3 years Income Tax returns (self and business | Business profile & Last 3 years Income Tax returns |
| Statement of last 2 years of loans availed | Last 3 years Profit /Loss and Balance Sheet | Last 3 years Profit /Loss and Balance Sheet | |
* The house/property should be within area of operations of HDFC Ltd offices.
** All Home Loans at sole discretion of HDFC Limited, Credit at sole discretion of HDFC Limited.
What are the changes made in the Home Loan PLR for eCBoP floating rate loans?
Home Loan PLR for eCBoP floating rateAn interest rate that is allowed to move up and down with the rest of the market or along with an index. loans has been changed since 2008 as follows:
| 1st July 2008 | 0.75% + | Increase |
| 1st August 2008 | 0.75% + | Increase |
| 1st December 2008 | 0.50% - | Decrease |
| Net Effect 2008 | 1.00% + | Net Increase of 1.00% has been applied w.e.f 1st December 2008 |
| 6th August 2009 | 0.25% - | Decrease of 0.25% w.e.f September 09 EMI |
| 30th March 2011 | 0.25 + | Increase of 0.25% w.e.f May'11 EMI |
| 12th July 2011 | 0.25 + | increase of 0.25% w.e.f Aug'11 EMI |
What are the eCBoP Home Loan Fees & Charges?
The eCBoP Home Loan Fees & Charges are as follows:
Note: Effective 31.03.12, foreclosure chargesForeclosure charges are to be paid when a loan is closed before the tenure is completed. The bank will levy a certain percentage on outstanding loan amount as the penalty for fore closing the loans. This rate varies from bank to bank. are waived for Floating rateAn interest rate that is allowed to move up and down with the rest of the market or along with an index. Home loans. For fixed rateAn interest rate that will remain at a predetermined rate for the entire term of the loan. home loans, foreclosure chargesForeclosure charges are to be paid when a loan is closed before the tenure is completed. The bank will levy a certain percentage on outstanding loan amount as the penalty for fore closing the loans. This rate varies from bank to bank. are as per schedule below.
| Description of Charges | eCbop Home Loan |
|---|---|
| Foreclosure charges | No prepayments allowed in first 6 months 6 months - 5 years - 1.5% of original loan amount 5 years -10 years - 0.75% of original loan amount > 10 years - No closure fee For Gold Category 6 months - 5 years - 2% of original loan amount > 5 years - No closure fee eBOP customers: Loan repaid from own sources - no FC chargesFC charges (Foreclosure charges) are to be paid when a loan is closed before the tenure is completed. The bank will levy a certain percentage on outstanding loan amount as the penalty for fore closing the loans. This rate varies from bank to bank. Loan repaid from other sources - regular FC chargesFC charges (Foreclosure charges) are to be paid when a loan is closed before the tenure is completed. The bank will levy a certain percentage on outstanding loan amount as the penalty for fore closing the loans. This rate varies from bank to bank.. |
| Charges for late payment of EMI | 2% per month |
| Cheque swapping charges | Rs. 500/- |
| Bounce Cheque Charges | Rs. 500/- |
| Duplicate Statement Charges (per statement) | NIL |
| Issue of Duplicate Provisional Interest Certificate | Rs. 300/- |
| Issue of Duplicate Interest Certificate | Rs. 300/- |
| Duplicate Balance Certificate | Rs. 300/- |
| Issue of Amortization Schedule (Duplicate) | NIL |
| Switch from Variable to Fixed | Not Applicable |
| Switch from Fixed to Variable | Not Applicable |
| Photocopy of Documents | Rs. 500/- |
*Please note that all the above services attract service charges, as applicable.
Have questions?
Are my property documents safe with HDFC Ltd.?
We offer In-house scrutiny of Property documents for your complete peace of mind. So be assured that your property documents are in safe hands.
*Conditions apply. All Home Loans from HDFC Ltd. Credit at sole discretion of HDFC Ltd
What are the customer privileges that I can avail of?
If you are an existing HDFC Home Loan customer, you can avail of other loans (such as Personal Loans, Car Loans, Two-wheeler Loans and Loan against securities) at lower interest rates and with minimum documentation.
Can I give standing instructions to repay my Home Loan EMIs directly from my HDFC Bank Savings Account?
Yes, you can opt for Automated Repayment and your EMIs will be directly repaid from your HDFC Bank Savings Account, thus saving you the trouble of procuring, signing and tracking post-dated cheques.
Do I have the option to structure my loan as partly fixed or partly floating?
Yes, you can structure your HDFC Ltd. Home Loan as Partly Fixed or Partly Floating as per your needs.
What is the Loan Cover Term Assurance Plan about?
HDFC Standard Life Insurance Company Ltd. offers an insurance plan*, which is designed to ensure that life's uncertainties do not affect your family's interests and your precious home. LCTAP provides a lump-sum payment on the unfortunate demise of the life assured.
This pure risk plan is designed in a way that the cover decreases as you repay your Home Loan making it a low cost premium insurance plan.
*Insurance is the subject matter of solicitation.
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