HDFC Bank Ltd Home Loan -Interest rate @ 8.50% Apply Online
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HDFC Bank Home Loan Interest Rate @8.35% Onwards

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HDFC Bank Home Loan Interest Rate

HDFC Bank offers home loans at an attractive interest rate starting at 8.50%* p.a which is much lower than other banks in the market. The processing fee is also capped at 3000 rupees for this loan. Salaried individuals and self-employed individuals can apply for HDFC Bank Home Loans if they are looking for a loan with the lowest interest rates. The monthly installments start from Rs 769* per lakh for loans up to a maximum tenure of 30 years with flexible repayment options. Also, the monthly installments can be customized depending on the repayment capacity of the borrower. The Loan Application Form can be filled out online.

Key Highlights of The HDFC Bank Home Loan Scheme

The attractive lowest interest rate starts from 8.50% p.a

  • Starting interest rate as low as 8.50% per annum
  • The processing fee set at 0.5% of the loan amount
  • Affordable Equated Monthly Installments (EMIs) starting at Rs. 769/- per 1 Lakh
  • No prepayment charges
  • Maximum tenure can stretch up to 30 years
  • Eligibility ranges from 21 to 65 years of age
  • Flexible repayment options
  • Transparent, with no hidden charges
  • Minimal documentation

HDFC Bank Home Loan Products

Superfast HomeLoan for your dream home Renovate or extend your home loan Get a loan against your property Affordable Housing Loan
Home Loans House Renovation Loans Loan Against property  HDFC Bank Reach Loan
The Plot of Land Loans House Extension Loan Balance Loan Transfer Pradhan Mantri Awas Yojna
Rural Housing Loan Top Up Loans    
NRI Home Loans      

HDFC Bank Home Loan Interest Rates 2023

For the year 2023, HDFC Bank has also introduced specific interest rates for various home loan types. For instance, salaried and self-employed professionals seeking home loans, home renovation loans, home extension loans, or balance transfers can expect interest rates ranging between 8.50% and 9.15% p.a.*. Similarly, self-employed non-professionals can avail of the same interest rate range. Special house loan rates for applications based on their CIBIL score. Let’s say someone has a CIBIL score of 800 and above the interest rate of home loans for the year 2023 would be:

Salaried & Self-Employed Professionals (for Home Loan/ Home Renovation Loan/ Home Extension Loan/ Balance Transfer)

8.50% - 9.15% p.a.*

Self-Employed Non-Professionals (for Home Loan/ Home Renovation Loan/ Home Extension Loan/ Balance Transfer)

8.50% - 9.15% p.a.*

All loans are at the sole discretion of HDFC Bank. For detailed terms and conditions visit

Current Home Loan Interest Rates

Home Loan Type      Rate of Interest
HDFC Bank Home Loan  8.50% p.a. onwards.
HDFC Bank Rural Housing Loan  8.95% p.a. to 10.70% p.a.
HDFC Bank Home Improvement Loan  8.65% p.a. to 9.85% p.a.
HDFC Bank Home Extension Loan 8.65% p.a. to 9.85% p.a.
HDFC  Bank Top-Up Loan  8.80% p.a. to 9.50% p.a.
HDFC Bank Plot Loan  8.65% p.a. to 9.85% p.a.
HDFC Bank Home Loan Balance Transfer  8.65% p.a. to 9.85% p.a.
HDFC Bank NRI Home Loan  8.60% p.a. to 9.50% p.a.
HDFC Bank Reach Home Loan  10.00% p.a. to 14.00% p.a.

All loans are at the sole discretion of HDFC Bank. For detailed terms and conditions visit

Comparison of HDFC Bank Home Loan with other lenders

Comparing HDFC Bank's home loan offerings with other lenders showcases its competitive advantage. With an interest rate starting at 8.50%, HDFC Bank stands out amidst other banks like Axis Bank, ICICI, PNB, and SBI.

Bank Name Rate of Interest Monthly EMI per Lakh
Axis Bank Home Loan 8.75% Rs. 787
Bajaj Home Loan 8.70% Rs. 783
HDFC Bank Home Loan 8.50% Rs. 769
ICICI Home Loan 9.00% Rs. 805
Kotak Mahindra Home Loan 8.85% Rs. 794
PNB Home Loan 8.50% Rs. 769
SBI Home Loan 8.85% Rs. 794
Shubham Home Loan 11.90% Rs. 1021
Tata Capital Home Loan 8.95% Rs. 801
Yes Bank Home Loan 9.15% Rs. 815
Bank of Baroda Home Loan 8.50% Rs. 769
LIC Home Loan 8.45% Rs. 765

HDFC Bank Home Loan Processing Fee & Charges

For Salaried and Self-employed Professionals Up to 0.50% of the loan amount or Rs 3,000, whichever is higher + applicable taxes
For Self-employed Non-Professionals Up to 1.50% of the loan amount or Rs 5,000 whichever is higher + applicable taxes
For HDFC Bank Reach Loan (Salaried/Self-Employed) Up to 2.00% of the loan amount or Rs 3,000, whichever is higher + applicable taxes

Charges On Account Of Delayed Payments

  • An additional interest of up to 24% pa will be charged for delayed payment of Interest or Equated Monthly Installments.

Check Dishonour Charges

  • Check dishonor charges will be Rs. 300 (Rs. Three Hundred)

Pre-payment Charges

  • Floating Interest Rate Home Loans: No prepayment charges for Individual Borrowers with or without co-borrower
  • Other than Individual Borrowers, 2% + applicable taxes on the amount being prepaid within 6 months; above 6 months, the borrower can prepay up to 25% of the opening principal amount every year without any prepayment (above 25% attracts a prepayment fee of 2% + applicable taxes)

Home Loan Features:

  1. For the purchase of Residential property, a flat, row house, and bungalow from private developers in approved projects.
  2. For the purchase of properties from Development Authorities such as DDA, MHADA, etc
  3. For the purchase of properties in an existing Co-operative Housing Society Apartment Owners' Association Development Authorities settlements or privately built-up homes
  4. For construction properties on a freehold/leasehold plot or on a plot allotted by a Development Authority
  5. Expert legal and technical counseling to help you make the right home-buying decision
  6. Integrated branch network for availing and servicing Home Loans anywhere in India
  7. Special arrangement with AGIF for those employed in the Indian Army.

Eligibility Criteria for HDFC Bank Home Loan

In terms of eligibility, the bank takes into account credit scores for determining special home loan rates. Furthermore, the bank provides home loan products to cater to diverse needs, such as the Superfast HomeLoan for one's dream home, renovating or extending an existing home loan, obtaining a loan against property, and exploring affordable housing loan options. Eligibility is generally based on the Credit Score (CIBIL Score) of the primary applicant. Here is an indication of the quality of the CIBIL Score of the applicant:

CIBIL Rating
Credit Score Rating
750 and above Good
600 to 750 Average
Below 600 Poor

You should check your CIBIL score before applying for a home loan and try to improve it if the score is below 650. The minimum credit score to avail home loan from HDFC Bank is 700. A good credit score makes the chance of your application getting approved better and faster. It is advisable to keep checking your CIBIL score from time to time.

HDFC Bank Home Loan Eligibility Criteria

Criteria Eligibility
Age Between 21 to 65 years
Employment Type Salaried and Self-employed professional and Self-employed non-professional
Minimum Salary for Salaried Rs.10,000 per month
Minimum Salary for Self Employed Rs.2 lakh per annum

Eligibility Criteria for Salaried 

Eligibility based on salary for the loan amount you are looking for is mentioned in the table below. The factors taken into consideration while determining the amount are :

  • The repayment tenure is 30 years
  • The Loan Interest Rate is 8.50% per annum
  • There is no existing EMI
  • Repayment Capacity
  • Credit History

 How much loan amount can I get on Rs 25,000 per month salary?

Monthly Income For Salaried Eligible Loan Amount
Rs. 25,000 Rs. 14,23,201
Rs. 30,000 Rs. 19,21,321
Rs. 50,000 Rs. 32,02,202
Rs. 65,000 Rs. 46,25,403
Rs. 70,000 Rs. 49,81,203

What is the minimum age for a home loan in HDFC Bank?

The earlier the better, HDFC Bank home loan for salaried and self-employed is 21 years. The earlier you start longer the repayment tenure you may get and the lower the EMI as well. It should be noted here that the maximum age by which one has to pay back the loan is 65 with a maximum loan tenure of 30 years. This means the tenure will be longer or shorter depending on your age at the time of loan disbursement.

Applicant Age Maximum Eligible Tenure
21 - 35 years 30 years
40 years 25 years
45 years 20 years
50 years 15 years
55 years 10 years

Eligibility based on the Value of Property for HDFC Bank Home Loan

Property Value LTV Ratio
Up to Rs.30 lakh 90% of the property cost
From Rs.30.01 lakh to Rs.75 lakh 80% of the property cost
Above Rs.75 lakh 75% of the property cost

HDFC Bank Home Loan Eligibility for CoApplicant

The co-applicant would also be required to fulfill the eligibility criteria and he will also be required to submit the necessary documents along with the primary applicant.  All loans are at the sole discretion of HDFC Bank Ltd. The eligibility criteria are as follows:

  • Age should be between 21 and 65 years of age.
  • Must be a resident Indian
  • He should be either salaried or self-employed
  • Co-applicants should not be co-owners of the property

HDFC Bank Home Loan for Women's Eligibility

There is a 05 bps concession on the loan interest rate for women applicants. The other eligibility criteria for women for availing of HDFC Bank home loans are similar to other applicants.

Main Factors Affecting HDFC Bank Home Loan Eligibility

The main factors affecting HDFC Bank home loan eligibility are as follows:

  • Age of the primary applicant
  • Good credit score
  • Salary / Monthly Income of the applicant
  • The annual income of the applicant and c0-applicant
  • Repayment Capacity
  • A good repayment record
  • Existing liabilities / Financial Obligations (any other loan being paid by the applicant)
  • Profile of the applicant
  • Financial Position of the Applicant
  • The nature and specifications of the property such as the age of the property, its size, its location, whether approved by the government or not, etc.
  • Whether the applicant is a guarantor of an existing loan

Documents Required for HDFC Bank Home Loan

The documents required for HDFC Bank. A home loan is as follows:

Salaried Individuals

  • Loan Application Form
  •  3 months' salary slips as income proof (Latest at the time of applying for the house loan)
  • Latest 6 months' bank statements (For salary credit proof and to check whether there is an existing loan EMI)
  • Latest Form 16 and IT returns (minimum 2 years)
  • Applicant's employment details
  • Proof of own contribution
  • Your and co-applicants (if there is any) passport-size photo with signature
  • A cheque for the processing fee is to be paid to HDFC Bank Ltd.

Self Employed Individuals

  • Loan Application Form
  • Income Tax Returns of the last 3 years duly attested by a chartered accountant along with details of your business.
  • Balance sheet and profit & loss account statements for the last 3 years
  • Bank account statement of Current Account and savings bank account statements for the last 6 years.
  • Profile of the Business
  • Financial Position
  • Latest Form 26 AS
  • Proof of own contribution
  • Details of any ongoing loans of you and your businesses.
  • Your and co-applicants (if any) passport-size photo with signature
  • List of Directors and Shareholders of the company with shareholding details
  • A cheque for the processing fee is to be paid to HDFC Bank Ltd.

Documents for Home Loan Balance Transfer

  • A letter from the existing lender on his letterhead mentioning the list of property documents held by them
  • Photocopy of property documents
  • A letter from the existing financial institution on their letterhead showing the latest outstanding balance

Property Related Documents required - for new home

  • Allotment letter copy/Buyer Agreement
  • Payment receipt made to the developer

For Resale Home:

  • Title deeds including the previous chain of property documents
  • Agreement to sell copy
  • Initial payment receipt made to the seller

For Construction:

  • The title deed of the plot
  • Copy of the plan approved by Local Authorities
  • No encumbrance proof on the property
  • The total estimate of construction by a Civil Engineer/Architect

Other Documents:

For Salaried Applicants:

  • Proof of own contribution
  • Bank Statement for last 6 months with loan repayment record
  • Appointment letter/Employment contract if current employment is less than a year old
  • Passport-sized photograph with signatures across
  • Processing fee cheque in favor of HDFC Bank Ltd.

 Common Documents for Salaried and Self Employed

  • Proof of identity and address - Aadhar card, voter ID, passport, or driving license
  • For new homes copy of the buyer agreement and receipt of the payment made to the builder
  • For resale homes - Title deeds, receipt of the payment made to the builder, and a copy of the agreement to sell
  • Title deeds of the plot, proof of no encumbrances on the property, and construction estimate as given by the architect (for home construction) Home Loan Documents Required


In conclusion, HDFC Bank's home loan offerings are designed to meet the varying requirements of potential home buyers, with favorable interest rates, flexible repayment options, and a straightforward application process. All loans are subject to the bank's discretion, and detailed terms and conditions can be found on HDFC Bank's official website.

HDFC Bank Home Loan FAQs

1. How to apply for HDFC Bank Home Loan?

Ans. Applying for HDFC Bank Home Loan is easy and hassle-free. You can apply through one of the following methods:

Apply through

Click on investmentcover and go to the ‘Home Loan’ section under the ‘Loans’ menu. Choose HDFC Bank Home Loan and fill out the loan application form to easily apply for a loan.

Online application through HDFC Bank Ltd. Portal:

You can fill out the loan application form of loan online. Visit the official portal of HDFC Bank Ltd. and fill up the form by following the instructions. The status of your HDFC Bank home loan application form can also be tracked easily through this portal.

Offline application  through a branch office:

You can also use the offline mode by visiting the nearest HDFC bank branch to apply for a home loan. The officer/executive from the Home Loan department will guide you through the loan process and will assist you as well whenever necessary.


Grievance Redressal 

Name of the Officer: Shantanu Chowdhury

Office Address: 533 Somdutt Chamber 2, Bhikaji Cama Place, New Delhi 110066


Contact Number: +911140793102


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