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).

Calculators

Get an estimate of your home loan and home buying budget and own your dream home with HDFC Home Loans with super ease.

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

Frequently Asked Questions

A person resident outside India who is a citizen of India or a person outside India who is of Indian origin is an NRI.
The definition of a person resident outside India is defined under section 2(w) of Foreign Exchange Management Act, 1999 is as under:
Person resident outside India means, a person who is not resident in India.
A person shall be deemed to be a person not resident in India in the following cases:
When the person stays in India for less than or up to 182 days during the preceding financial year
When a person who has gone out of India or who stays outside India, in either case
For or on taking up employment outside India, or
For carrying on outside India a business or vocation outside India, or
For any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period

You can apply for housing loans at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced. You can even apply for a home loan whilst you are working abroad, to plan for your return to India in future.

In the event of you relocating back to India, HDFC reassesses the repayment capacity of the applicant(s) based on Resident status and a revised repayment schedule is worked out. The new rate of interest will be as per the prevailing applicable rate of Resident Indian loans (for that specific loan product). This revised rate of interest would be applicable on the outstanding balance being converted. A letter is given to the customer confirming the change of status.

A photocopy of the PIO card or
A photocopy of current passport indicating birthplace as 'India'
A photocopy of Indian passport, if held by the individual earlier
A photocopy of parent’s / grandparent’s Indian passport / birth certificate/ marriage certificate.

You need not be present in India to avail of your Home Loan. In case you are posted aboard at the time of submission of the loan application and disbursement of the loan, you can avail the loan by appointing a Power of Attorney as per HDFC's format. Your Power of Attorney holder can apply and carry out the formalities on your behalf.

 

Home Loan Repayment Options

Tranche Based EMI

If you purchase an under construction property you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying EMIs on the cumulative amounts disbursed. 

HDFC Home Loan Terms & Conditions

Security

Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC.

Other Conditions

All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC’s products and services. For detailed information about HDFC’s products and services kindly visit the nearest HDFC branch.

Click here for the Most Important Terms and Conditions pertaining to your loan.

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LOAN TENURE

15 Years

Interest Rate

8.50% p.a.

MOST POPULAR

LOAN TENURE

20 Years

INTEREST RATE

8.50% p.a.

TAKE IT EASY

LOAN TENURE

30 Years

INTEREST RATE

8.50% p.a.

For credit score of 800 and above*

* These rates are as on today,

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"Appreciate the quick service and understanding at HDFC Housing Finance"
- Avinashkumar Rajpurohit,Mumbai

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