Home Loan Benefits

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Key Features

Loans to NRIs, PIOs and OCIs* for the purchase of a flat, row house, bungalow from private developers in approved projects in India.

Loans for the purchase of properties from Development Authorities such as DDA, MHADA etc.

Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority in India.

Loans for properties in an existing Co-operative Housing Society or Apartment Owners' Association or Development Authority settlements or privately built-up homes in India.

Attractive interest rates.

Avail Home Loan Advisory Services in the country where you currently reside.

Property Search Advisory Services - expert legal and technical counselling to help you make the right home buying decision.

Valuable insights on developer projects, location, documentation and offerings.

Loan for purchase of property located anywhere in India**.

Loans also available for those employed in the Merchant Navy.

*NRI – Non Resident Indian, PIO – Person of Indian Origin and OCI – Overseas Citizen of India

**Where HDFC has an office

Interest Rates

Special Home Loan Rates For Salaried & Self Employed

All rates are benchmarked to Policy Repo Rate. Current applicable Repo Rate = 6.50%

Special Housing Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab Interest Rates (% p.a.)
For All Loans* Policy Repo Rate + 2.25% to 3.15% = 8.75% to 9.65%

Standard Home Loan Rates

Standard Housing Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab Interest Rates (% p.a.)
For All Loans* Policy Repo Rate + 2.90% to 3.45% = 9.40% to 9.95%

*The above Home Loan interest rates/ EMI are applicable for loans under the Adjustable Rate Loan Scheme (Floating Interest Rate) of (HDFC Bank and are subject to change at the time of disbursement. The Home Loan interest rates above are linked to HDFC Bank's Repo Rate and are variable through out the tenor of the loan. All loans are at the sole discretion of HDFC Bank. For further details regarding the loan slabs and interest rates above Click Here

 

*HDFC BANK does not source any Home Loan business from any Lending Service Providers (LSPs).

Home Loan Eligibility

Home loan eligibility is primarily dependent on income and repaying capacity. Other important factors include the customer’s profile, age at loan maturity, age of property at loan maturity, investment and savings history etc. 

Important Factor Criteria
Age 21-65 years
Profession Salaried / Self Employed
Nationality NRI
Tenure Up to 20 years*

Classification of Self Employed

Self-Employed Professional Self Employed Non-Professional (senp)
Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary etc. Trader, Commission Agent, Contractor etc.

How does adding a co-applicant benefit? *

  • Higher loan eligibility with an earning co-applicant.
  • Lower interest rate on adding a female co-owner as co-applicant.

*For Certain Professionals Only

 

*All co-applicants need not be co-owners. But all co-owners need to be co-applicants to the loans. Generally, co-applicants are close family members.

 

Maximum Funding**
Loans up to and including ₹30 lacs 90% of the property cost
Loans from ₹30.01 lacs to ₹75 lacs 80% of the property cost
Loans above ₹75 lacs 75% of the property cost

 

**Subject to market value of the property and repayment capacity of the customer, as assessed by HDFC.

Documents

For home loan approval, you need to submit the following documents for applicant / all co-applicants along with the completed and signed home loan application form.

Fees & Charges

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