Home Loan

Triple benefits on your Home Loan!

Attractive interest rate*
Enjoy smaller EMIs with 30 years loan
Pre - approved loan

The house of your dreams can now be yours with an HDFC Home Loan. The range of Housing Finance products includes Home Loans, Home Improvement/Renovation Loans and Home Extension Loans.

Apply now for an HDFC Home Loan.

Why HDFC Home Loans ?

  • 1

    Pioneer in the Home Loan industry

  • 2

    4.4 Million satisfied home owners

  • 3

    Faster processing of loan with door step service

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Get the HDFC Advantage

  • 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

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

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.
  • Home Improvement Loan(HIL):
    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.
  • Home Extension Loan(HEL):
    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.
  • 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.

*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 features of HDFC Home Loans for farmers and rural areas?

HDFC offers specially designed home loans for:

  - Agriculturists
  - Planters
  - Horticulturists
  - Dairy Farmers

Loans available for:

  • Construction of houses on residential plots
  • Purchase of a new house
  • Renovation & Extension of existing house

Rural Housing Finance Features

  • Special Home Loan Scheme for Agriculturists:
    • Loans for farmers to buy or construct houses/apartments in several of cities and towns of their choice.
    • Home loans in residential areas of Villages
    • Loan eligibility on the basis of agricultural land owned and the kind of corps being cultivated by farmers.
    • No mortgage of agricultural land required for the purpose of home loans.
    • No mandatory requirement of Income Tax Returns from farmers applying for home loans.
  • Rural Housing Finance for Salaried & Self Employed: :
    • Home Loans for Government & Private Sector Employees for rural properties in residential areas.
    • Home Loans for Businessmen, Traders etc. who are filing Income Tax Returns for the last three years for properties in rural residential areas.
    • Home Loans for NRIs also in rural residential areas.

Documents

AgriculturistsSalaried CustomersBusinessmen - Professionals
Application form with photograph Application form with photograph Application form with photograph
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
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
Copies of Title Documents of Agricultural Land depicting crops being cultivated Form 16 Business Profile and Last 3 years Income Tax returns (self and business)
Statement of last 2 years of loans availed   Last 3 years Profit /Loss and Balance Sheet

Disclaimer: This is an indicative list only. Additional documents may be asked for on a case-to-case basis.
* The house/property should be within area of operations of HDFC Ltd offices.
** All Home Loans from HDFC Ltd. Credit at sole discretion of HDFC Ltd.

What are the changes made in the Home Loan PLR for eCBoP floating rate loans?

Home Loan PLR for eCBoP floating rate 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 Interest Rates & Charges?

Enclosed below are HDFC Bank Home Loan Interest Rates & Charges

The eCBoP Home Loan Fees & Charges are as follows:

Note: Effective 31.03.12, foreclosure charges are waived for Floating rate Home loans. For fixed rate home loans, foreclosure charges are as per schedule below.

Description of ChargeseCbop 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 charges
Loan repaid from other sources - regular FC charges.
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.

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