Interest Rates

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 Balance Transfer 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 Home 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 throughout 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).

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.

Housing Charges

Non-Housing Charges

Eligibility For Balance Transfer Loans

you can apply individually or jointly for Home Loans. All proposed owners of the property will have to be co-applicants. However, all co-applicants need not be co-owners. Co-applicants can be family members only.An NRI/OCI/PIO above the age of 18 years upto 60 years who is of sound mind and is not disqualified from contracting by any law can apply for home loan. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON THE LOAN/S AVAILED FROM HDFC BANK AGAINST IT.

Important Factor Criteria
Age 18-60 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. The professionals may include but are not limited to Doctors, Lawyers, Chartered Accountants, and Architects.

 

*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 Bank.

 

CHANGES IN THE EXCHANGE RATE MAY INCREASE/DECREASE THE STERLING EQUIVALENT OF YOUR DEBT.

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 Balance transfer loan ?

Transferring your outstanding home loan availed from another Bank / Financial Institution to HDFC Bank is known as a balance transfer loan

Who can avail a Balance transfer loan ?

Any borrower who has an existing home loan with another bank/HFI in which he/she have had a regular payment track of 12 months ,can avail a balance transfer loan from HDFC Bank.

What is the maximum term you can avail for a balance transfer loan ?

The maximum term that a customer can avail is 30 years or till the age of retirement ,whichever is lower under HDFC Bank's 'Telescopic Repayment Option.

Are the applicable interest rates on a balance transfer loan higher than a home loan ?

Interest rates applicable on balance transfer loans do not differ from the interest rates of home loans.

Do I get tax benefit on a balance transfer loan ?

Yes. You are eligible for tax benefits on the principal and interest components of your balance transfer loan under the Income Tax Act, 1961. As the benefits could vary each year, please do check with our Loan Counselor about the tax benefits which you could avail on your loan.

Can I avail a top loan in addition to a balance transfer loan from HDFC Bank ?

Yes, you can avail an additional top up loan of upto ₹50 lakhs along with a balance transfer loan from HDFC Bank.

What are the documents required for a Balance transfer loan ?

You can find a checklist of documents ,fees charges for a balance transfer loan on https://www.hdfc.com/checklist#documents-charges

Can borrower of an under construction property avail a balance transfer loan from HDFC Bank ?

Yes, customers who have purchased an under construction property can avail a balance transfer loan from HDFC Bank.

Rates Offered to Customer (Past Quarter)
Segment IRR APR
Min Max Avg. Min Max Avg.
HOUSING 8.35 12.50 8.77 8.35 12.50 8.77
NON - HOUSING* 8.40 13.30 9.85 8.40 13.30 9.85
*NON - HOUSING = LAP(EQUITY), NON-RESIDENTIAL PREMISES LOAN & INSURANCE PREMIUM FUNDING  

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