HDFC Bank Home Loan, HDFC Bank Housing Finance, एचडीएफसी बैंक होम लोन, HDFC Home Loan Interest Rates, एचडीएफसी बैंक हाउसिंग फाइनेंस, HDFC Home Loan Interest Rate, एचडीएफसी होम लोन की ब्याज दरें, HDFC Home Loan Processing Fee, HDFC Home Loan EMI Calculator, HDFC Home Loan Eligibility, HDFC Home Loan CIBIL Score,
HDFC Bank Limited is an Indian private sector banking and financial services company that is India’s largest private sector bank by assets and the world’s fourth largest by market capitalization following its takeover of its parent company HDFC.
HDFC Bank Home Loan portfolio includes home loans, home improvement loans, home extension loans, plot loans, balance transfers and top-up loans, It doesn’t matter whether you are salaried or self employed, resident or NRI, Suitable HDFC Home Loan cater to every requirement of the customer.
HDFC Home Loan, एचडीएफसी बैंक होम लोन,
Fulfill your dreams of buying your own house or land with HDFC Bank Home Loan, achieve your dreams and create memories in your own place with HDFC, HDFC Home Loans have flexible eligibility criteria and can offer various benefits related to purchase, construction, renovation and extensions.
At HDFC Home Loan you can choose between two types of home loans. The first type is a regular adjustable rate loan, also known as a floating rate loan. With this loan, the interest rate may be adjusted at the bank’s discretion throughout the term of the loan.
HDFC Bank Home Loan provides TrueFixed loans, where the interest rate remains fixed for a set time, such as the first two years of the loan term, After this period the loan will become adjustable and the bank may adjust the interest rate at their discretion.
HDFC Bank Home Loan Eligibility, एचडीएफसी होम लोन पात्रता,
If you are between 21 and 65 years old, HDFC Bank can offer you a home loan whether you are salaried or self-employed, Your eligibility will depend on several factors such as your credit score, income, financial status, and obligations, The bank ensures that you can repay the loan without default by thoroughly evaluating your creditworthiness.
The eligibility for an HDFC Bank Home Loan is determined by several factors such as your employment status, age, credit score, and monthly or annual income. Based on your eligibility, the bank will determine the loan amount and approve your application.
Making regular repayments on time for your personal loan and credit card EMIs can boost your credit score, increasing the likelihood of being approved for a home loan, If someone applying for a home loan has low chances of approval because of their income or credit score, they can improve their chances by including a family member who earns money as a co-applicant. This increases the likelihood of getting approved for the loan.
| Criteria | Salaried | Self Employed |
|---|---|---|
| Individual Class | Resident Indian and Non-Resident Indians | |
| Occupation | Salaried, Self-employed Professionals, Self-employed Non-Professionals | |
| Age | Minimum 21 Years Maximum Age 70 years | Minimum 21 Years Maximum Age 70 years |
| Tenure | Telescopic Repayment – Maximum 30 years All Others – Maximum 20 years | |
| Genders | All | All |
| Income | Minimum Rs.10000 pm | Minimum Business Income Rs.2 Lac pa |
| Maximum Funding | Up to Rs.30 Lac: 90% of property cost | |
| Rs.30.01 Lac to Rs.75 Lac:80% of property cost | ||
| Rs.75.01 Lac and above: 75% of property cost | ||
| Repayment Options | Step up Repayment Facility (SURF) Flexible Loan Installment Plan (FLIP) Tranche Based EMI Accelerated Repayment Scheme Telescopic Repayment Option | |
CIBIL Score Eligibility for HDFC Bank Home Loan, एचडीएफसी होम लोन सिबिल स्कोर,
You will often hear the term ‘credit score’ or ‘CIBIL score’, usually CIBIL score is a three digit score ranging from 300 to 900, Your credit score helps a lender decide whether you are a good candidate for lending money in the form of loans, credit cards, etc, Your credit score helps a lender decide whether you are a good candidate for lending money in the form of loans, credit cards, etc.
Credit score is essentially your creditworthiness expressed in numerical form, this score shows your ability to repay the amount borrowed to banks or any financial institutions, When you are seeking financial assistance from a bank in the form of a loan, your credit score affects the entire application and approval process, it is important to understand what these terms ‘credit score’ or ‘CIBIL score’ mean.
Whenever you apply for a home loan or any other loan in a bank your credit score plays a vital role, if your credit score is low your home loan application may not be approved, it is very important to check your credit score before you apply, With HDFC Bank you can get a home loan with affordable interest rate and many benefits, you can repay the loan regularly with easy EMIs through online or offline modes, thus your credit score will be healthy after the loan repayment, Click here to know your CIBIL score if you want to apply for a home loan.
HDFC Bank Home Loan EMI Calculator, एचडीएफसी होम लोन ईएमआई कैलकुलेटर,
HDFC Bank offers a Housing Loan EMI Calculator for housing loan borrowers to choose from a variety of interest rates, loan amounts and loan tenure, Calculate Equivalent Monthly Installments (EMI) for a wide range of financial products through free interactive calculators offered by HDFC Bank.
HDFC Bank Home loan EMI calculator helps to calculate the loan installment ie EMI on your home loan. This is an easy to use calculator and serves as a financial planning tool for the home buyer.
People looking for a home loan can also use a home loan EMI calculator to find the right EMI and loan tenure for their housing loans based on their payment capacity and monthly contributions towards their important financial goals, Bank calculators are designed keeping you in mind so they are very easy to use and help you understand the EMI breakup easily.
Documents Required for HDFC Bank Home Loan
- Advanced Processing Cheque– Canceled Cheque for bank account verification.
- Bank Statement – Complete last 6 months bank statement.
- Proof of Income – Salary Slip, Bank Statement and Form 16
- Proof of Investment – LIC, Stock Market Share, Property Deed etc.
- Job Continuity Proof – Appointment letter at employment and confirmation letter from HR.
- Photo Identity Proof – Aadhar Card / Passport / Driving License / Voter ID / PAN
- Property Documents – Sale Deed, Katha, Transfer of Ownership.
- Proof of Residential Address – License / Registered Tenancy Agreement/ Utility Bill.
- Proof of Residential Ownership – Sale Deed or Tenancy Agreement.
Financial Required Documents
- For Salaried Individual – Please provide your 3-month salary slip, Form 16, and bank statement..
- For Self-Employed Individual – Please provide certified copies of your income tax returns for the past two years, as well as the computation of your income tax for that period, prepared by a Chartered Accountant.
- For Self-Employed Non- Professionals – Please provide certified income tax returns for the past three years and computation of income tax for the past two years completed by a Chartered Accountant.
HDFC Bank Home Loan Processing Fees & Charges, एचडीएफसी होम लोन प्रोसेसिंग शुल्क,
- When applying for a home loan from HDFC Bank, salaried and self-employed individuals will be charged a processing fee of 0.50% of the loan amount, with a minimum fee of Rs. 3,000.
- For self-employed non-professional applicants, HFC imposes a processing fee of 1.50% (with a minimum of Rs. 4,500) on the home loan amount.
- Individuals who obtain home loans with floating interest rates from HFC will not be charged prepayment fees.
| Name of Processing Fees / Charge levied | Processing Fees Amount in Rupees |
| Fees for Resident Housing Loan/ Extension/ House Renovation Loan/ Refinance of Housing Loan/ Plot Loans for Housing (Salaried, Self-Employed Professionals) | Upto 0.50% of the loan amount or Rs. 3000/- whichever is higher + applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/- +applicable taxes/statutory levies whichever is higher |
| Fees for Resident Housing/ Extension/ Renovation/ Refinance/ Plot Loans for Self Employed Non-Professionals. | Upto 1.50 % of the Loan amount or Rs. 4500/- whichever is higher+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 4500/- +applicable taxes/statutory levies whichever is higher |
| Fees for NRI Loans | Upto 1.25% of the Loan amount or Rs. 3000/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/-+applicable taxes/statutory levies whichever is higher |
| Fees for Value Plus Loans | Upto 1.50% of the Loan amount or Rs. 4500/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 4500/-+applicable taxes/statutory levies whichever is higher |
| Fees for Loans under HDFC Bank Reach Scheme | Up to 2.00% of the loan amount+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/-+applicable taxes/statutory levies whichever is higher |
| Re-appraisal of loan after 6 months from date of sanction | Rs. 2000/- + applicable taxes / statutory levies. |
HDFC Bank Home Loan Interest Rates for Professionals & Non-Professionals, एचडीएफसी होम लोन की ब्याज दरें,
HDFC Bank provides home loans with low-interest rates starting from 8.40*% p.a. This interest rate applies to Home Loans, Balance Transfer Loans, House Renovation, and Home Extensions Loans.
HDFC Bank offers an adjustable-rate loan also known as a floating rate loan as well as a trufixed loan in which the interest rate on the home loan remains fixed for a specific tenure (say first two years of the entire loan tenure) after which it converts into an adjustable-rate loan.
| Loan Slab | Home Loan Interest Rates (% p.a.) |
|---|---|
| For All Loans* | Policy Repo Rate + 1.90% to 2.50% = 8.40% to 9.00% |
HDFC Bank Home Loan Interest Rates, एचडीएफसी होम लोन ब्याज दर,
HDFC Home Loans offers a range of home loan options that are both quick and simple to obtain. These loans are accessible to all categories of borrowers at reasonable interest rates. Additionally, the loans come with flexible repayment options and fast processing, making them an attractive choice for potential homeowners.
HDFC Bank Home Loans offers two types of home loans: regular adjustable rate loans, also known as floating rate loans. The bank has the discretion to adjust the interest rate on these loans during the loan tenure.
HDFC Home Loans offers Trufixed loans, which have a fixed interest rate for a set period, such as the first two years of the loan. Once that time is up, the loan becomes adjustable, meaning the interest rate can be changed by the bank.
| HDFC Bank Home Loan Schemes | Interest Rates(p.a.) |
| HDFC Home Loan | 6.75% to 8% |
| HDFC Home Extension Loan | 6.75% – 8% |
| HDFC Home Improvement Loan | 6.75% -8% |
| HDFC Rural Housing Loan | 6.95% -8.70% |
| HDFC Plot Loan | 7.05% – 8.10% p.a. |
| HDFC NRI Home Loan | 6.75% -8% p.a. |
| HDFC Home Loan Top Up | 8.30% -8.80% |
| HDFC Home Loan Balance Transfer | 6.75% -8% p.a. |
HDFC Bank Home Loan Regular Interest Rates
| Loan Slab | Interest Rate (p.a.) |
| For Regular (Up to Rs. 30 lakhs) | 7.00% – 7.50% |
| For Women (Up to Rs. 30 lakhs | 6.95% – 7.45% |
| For Regular (Rs. 30.01 lakhs –Rs. 75 lakhs) | 7.25% – 7.75% |
| For Women (Rs. 30.01 lakhs –Rs. 75 lakhs) | 7.20% – 7.70% |
| For Regular (Rs. 75.01 lakhs and above) | 7.35% – 7.85% |
| For Women Rs. 75.01 lakhs and above) | 7.30% – 7.80% |
HDFC Bank Home Loan Rate, एचडीएफसी होम लोन की ब्याज दरें,
| Loan Slab | Interest Rate (p.a.) |
| For Regular (Up to Rs. 30 lakhs) | 6.80% – 7.30% |
| For Women (Up to Rs. 30 lakhs | 6.75% – 7.25% |
| For Regular (Rs. 30.01 lakhs –Rs. 75 lakhs) | 7.05% – 7.55% |
| For Women (Rs. 30.01 lakhs –Rs. 75 lakhs) | 7.00% – 7.50% |
| For Regular (Rs. 75.01 lakhs and above) | 7.15% – 7.65% |
| For Women Rs. 75.01 lakhs and above) | 7.10% – 7.60% |
NOTE – HDFC Bank Home Loan Interest Rates are subject to change at the bank’s discretion, the information given here is only the current interest rates given by the bank, when you want to apply for a home loan in the bank, you should visit the bank’s official website https://www.hdfc.com/checklist/home-loan-interest-rates and confirm.