Interest Rates

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

Special Top up Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab (Outstanding Home Loan + Top Up Loan) Interest Rates (% p.a.)

Top up for existing customers

Policy Repo Rate + 3.00% to 3.90% = 9.50% to 10.40%

 

Loan Slab (Balance Transfer + Top Up Simultaneous Loan) Interest Rates (% p.a.)

For all loan amounts

Policy Repo Rate + 2.55% to 3.45% = 9.05% to 9.95%

Standard Top up Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab (Outstanding Home Loan + Top Up Loan) Interest Rates (% p.a.)

Top up for existing customers

Policy Repo Rate + 3.65% to 4.20% = 10.15% to 10.70%

 

Loan Slab (Balance Transfer + Top Up Simultaneous Loan) Interest Rates (% p.a.)

For all loan amounts

Policy Repo Rate + 3.20% to 3.75% = 9.70% to 10.25%

*The above ROI/EMI is applicable for loans under the Adjustable Rate Home Loan Scheme (Floating Interest rate) of HDFC Bank and is subject to change at the time of disbursement. The rates above are variable in nature and linked to HDFC Bank's Repo Rate and shall fluctuate according to the movement in the same. All loans at the sole discretion of HDFC Bank.

To read terms & Conditions, Click Here

 

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

Documents

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

Non-Housing Charges

Loan Eligibility

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 18-70 years
Profession Salaried / Self Employed
Nationality Resident Indian
Tenure Up to 15 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.

*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**

The maximum Top Up Loan that you can avail of is equivalent to your originally sanctioned loan amount of all the Home Loans put together or ₹100 lacs, whichever is lower.

This is further subject to the cumulative outstanding loans plus the Top Up being offered not exceeding an overall cap of 80% for cumulative exposure up to ₹75 lacs & 75% if the cumulative exposure is over ₹75 lacs of the Market Value of the mortgaged property, as assessed by HDFC Bank.

 

**You can apply for a Top Up Loan after 12 months' of the final disbursement of your existing Home Loan and upon possession / completion of the existing financed property or basis the last 12 months' track record of the Top Up Loan being refinanced from another institution, subject to possession / completion of the property.

Testimonials

AGHARA RAVIKUMAR M

It was very easy to complete disbursement process with support of HDFC staff

MURALI SHEEBA

For people like us with a busy schedule hassle-free service online without visiting the bank was really a lifesaver.

FREDDY VINCENT S V

In this challenging situation, the entire process was carried out in a smooth way. Even the query raised was sorted out in a very short time with no hurdle. Every person involved in the inquiry procedures were courteous.

Frequently Asked Questions

What is a Top Up Loan?

Top Up Loans can be availed for personal and professional needs (other than for speculative purposes) like marriage, Child's education, business expansion, debt consolidation etc.

Who can avail Home Loan Top Up?

All customers with an existing Home Loan, Home Improvement Loan or a Home Extension Loan can apply for a home loan top up. New customers availing of our Balance Transfer loan can also additionally avail a home loan top up from HDFC Bank. You can apply for a home loan top up after 12 months' of the final disbursement of your existing home loan and upon possession/ completion of the existing financed property.

What's the maximum amount that can be availed as a top up loan?

The maximum home loan top up that you can avail of is equivalent to your originally sanctioned loan amount of all the Home Loans put together or ₹50 lacs, whichever is lower. This is further subject to the cumulative outstanding loans plus the top up being offered not exceeding an overall cap of 80% for cumulative exposure up to ₹75 lacs & 75% if the cumulative exposure is over ₹75 lacs of the market value of the mortgaged property, as assessed by HDFC Bank.

What is the maximum term for which I can avail a home loan top up?

You can avail a home loan top up for a maximum term of 15 years or till your age of retirement ,whichever is lower.

What is the security that I have to provide for a home loan top up?

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

Can I avail a home loan top up along with a balance transfer loan?

Yes. Home loan top up can be availed in addition to a balance transfer loan from HDFC Bank.

What are the documents required for a home loan top up?

The process of obtaining a home loan top-up involves the submission of specific documents, and for a comprehensive list, you can refer to the checklist available on HDFC's official website at https://www.hdfc.com/checklist#documents-charges. This checklist serves as a guide for borrowers, detailing the necessary documentation needed to facilitate a home loan top-up.

Rates Offered to Customer during the period Jan'24 to Mar'24
Segment IRR APR
Min Max Avg. Min Max Avg.
HOUSING 8.25 12.75 8.52 8.25 12.75 8.52
NON - HOUSING* 8.35 15.05 9.34 8.35 15.05 9.34
*NON - HOUSING = LAP(EQUITY), NON-RESIDENTIAL PREMISES & INSURANCE PREMIUM FUNDING LOAN  

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