HDFC Bank Home Loan, Interest Rate and EMI Calculator October 2017

 

(Updated on 03.10.17) HDFC Home Loan and EMI Calculator October 2017Get Instant Quick & Easy Approval on HDFC Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of✓Interest Rate✓Loan Tenure✓Processing Fee✓Eligibility✓ Balance Transfer✓Best Offers & more.

Home Loan Interest Rates
Salaried Self-Employed
Upto 30 Lakhs
Women 8.35% 8.50%
Others 8.40% 8.55%
30.01 – 75 lakhs
All Categories 8.50% 8.55% to 8.75%
Above 75 Lakhs
All Categories 8.55% 8.60% to 8.80%

HDFC BANK HOME LOAN – INSTANT QUOTES ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Home Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

HDFC Home Loan Eligibility

  • HDFC home loan can be applied individually or jointly along with a co-applicants. Generally, co-applicants are immediate family members.

  • HDFC home loans are offered to both salaried and Self-Employed individuals. The applicant must possess all relevant documents to prove his employment status.

  • HDFC NRI Home Loans can be availed by Non-Resident Indians. It is required that the applicant should prove his or her status as an NRI.

  • HDFC Rural Home Loans can be availed by farmers, agriculturalists, horticulturists, dairy farmers, etc.

HDFC Bank Home Loan

Being a pioneer of Housing Finance, HDFC Bank brings to you varied and inclusive home loan products catering to diverse needs of every Indian coming from different sections of life. HDFC Bank Home loan is extensively customer-friendly which has been skillfully designed keeping in mind the hurdles a customer goes through while getting a home loan sanctioned.

HDFC  Bank home loan can be availed for Purchase of new homes, Purchase of resale homes, Constructing new homes, Renovation & Extension of existing house or for any other house related purposes. HDFC bank aims to cover all home loan borrowers under one umbrella with its unique Home loan products. HDFC Bank provides automated Repayment of home loan EMIs and offers lots of additional facilities to Agriculturists, Planters, Horticulturists and Dairy Farmers. Check out your Home Loan Eligibility with the most effective tool – HDFC Home Loan Eligibility Calculator and get your home loan at feasible & unmatched interest rates.

HDFC Bank also offers HDFC Bank Personal Loan for all kinds of legitimate requirements at an extensively competitive rate of interest.

HDFC Home Loan Features

  • Provision to transfer outstanding home loan availed from another bank or financial institution to HDFC Bank and thereby get an additional top up loan of up to Rs. 35 lakhs.

  • HDFC Bank home loan interest rates are market attractive that makes a home loan affordable to common people.

  • HDFC Home Loan has customized repayment option to suit the needs of the customers.

  • No hidden charges on HDFC Home Loan.

  • HDFC Bank has specialised arrangement with Army Group Insurance Fund for home loans for those employed in the Indian Army.

Re-payment Option

There are mainly 5 Repayment options :-

  • Tranche based EMI – for the borrowers who wants to start the principal repayment immediately can opt for this option & start paying EMI on the cumulative amounts disbursed.
  • Accelerated Repayment Scheme – through this option, one can get to choose the EMIs every year in proportion.
  • Telescopic Repayment Option – one can get longer re payment tenure of upto 30 years which means an enhanced loan amount eligibility and smaller EMIs.
  • Step – Up Repayment Facility (SURF) – the customer gets to pay the EMIs according to his/her salary. Higher loan amount can be availed with lower EMIs and then afterwards increase with the increment in income.
  • Flexible Loan Instalments Plan (FLIP) – it provides the customers with the ease of paying installments in a customised way.

    HDFC Home Loan EMI Calculator

 HDFC Ltd. Home Loan EMI Calculator

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

 

HDFC Bank Home Loan schemes 

HDFC Home Renovation / Improvement Loans

This category of loan can be availed by the customers who wants to renovate or improve there present house.

  • Individual(s) can apply for Home Renovation Loan. If the account is to be opened Jointly then, all the owners of the property will have to be co – applicants.
  • Maximum loan tenure is 15 years (It also depends on customer’s profile like age at the time of maturity of loan & other terms related to prevalent norms of HDFC.
Home Improvement Loans Interest Rates
RPLR: 16.15%
Loan Slab Interest Rate
For Women (upto 30 lakhs 8.35% to 8.85% p.a
For others (upto 30 lakhs) 8.40% to 8.90% p.a
Above 30 lakhs and upto 75 lakhs 8.50% to 9.00% p.a
Above 75 lakhs 8.55% to 9.05% p.a
Maximum loan Amount of Home Renovation Loans
For Existing HDFC Customer
Loan Amount Maximum Funding*
Up to & including Rs. 30 lacs 100% of the improvement estimate (subject to loan / total exposure not exceeding 90% of the market value of the property as assessed by HDFC)
Rs. 30.01 lacs to Rs. 75 lacs 100% of the improvement estimate (subject to loan / total exposure not exceeding 80% of the market value of the property as assessed by HDFC)
Above Rs. 75 lacs 100% of the improvement estimate (subject to loan / total exposure not exceeding 75% of the market value of the property as assessed by HDFC)
For New Customer
Loan Amount Maximum Funding*
up to & including 30 lacs 90% of improvement estimate
Rs. 30.01 lacs to Rs. 75 lacs 80% of the improvement estimate
Above Rs. 75 lacs 75% of the improvement estimate

 

  • Processing fees is up to 0.50% of the loan amount or ₹ 3,000 (Whichever is higher) with applicable taxes.
  • Additional interest rate of 24% per annum is to be paid in case of delayed payment of interest or EMI.
  • Statutory / Regulatory Charges like Stamp Duty / MOD / CERSAI will be applicable, Solely to the customer.
  • Re – Appraisal of loan after 6 months from sanction will cost the customer up to Rs. 2000 plus applicable taxes.

Other terms and conditions will be in accordance to the Bank Norms.

HDFC Home Extension Loan

HDFC home extension loan can be availed to extend or add space to your homes such as additional rooms like an extra bedroom or study room for yourself. Loan can be repaid for a maximum period of 20 years. Loan tenure is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity and also on other factors as decided by the bank.

HDFC Rural Housing Finance Home Loan 

HDFC Rural Housing Finance home loan has been solely designed for Agriculturists, Planters, Horticulturists & Dairy Farmers who wish to have a home within their budget and choice. HDFC Rural Housing Finance home loan is available for both Salaried and Self-Employed for purchasing an under construction, new, existing residential property in the rural and urban areas.

Loans can availed for constructing your home on a lease or hold residential plot in the rural and urban areas and enhancing your home in many ways such as tiling and flooring, internal and external plaster and painting etc. Loan tenure of 20 years for Agriculturists. Agriculturists do not need to mortgage their agricultural land to avail this loan.

The maximum period of re-payment of a loan shall be upto 30 years for the telescopic repayment option applicable only for the salaried & self-employed, individuals.  

HDFC Reach Home Loan

HDFC Reach home loan can be availed for purchasing a new or an existing home. Loan can be availed for purchasing a new or an existing home, constructing home on a free hold or lease hold plot or on a plot allotted by a Development Authority.

Salaried individuals with a minimum income of Rs. 10,000 per month and self-employed individuals with a minimum income of Rs.2 lacs p.a. can avail home loans and plot loans up to Rs. 35 lakhs. HDFC Reach Loan against property (on self occupied residential property only) can be availed up to Rs.50 Lacs. 

Salaried individuals, Self-Employed professionals & non-professionals will be sanctioned a maximum loan amount of 80% of the property cost and 60% will be sanctioned for non-residential premises & plot loans. (Maximum funding is subject to the market value of the property and re-payment capacity of the borrower.

Loan Tenure & Processing Fees

  • The maximum period for the pre-payment of reach home loan is up to 20 years (Processing fees upto 1.50% of the loan amount plus taxes).
  • Reach Loan Against Property is upto 15 years (Processing fee of 1% or 2% of the loan amount plus taxes).
  • For Non-Residential premises loan, The tenure shall be up to 10 years with 2% of the processing fee plus taxes).

HDFC Resale Home Loan

The scheme is for salaried & self – employed individuals who wants to purchase a property in existing co -operative housing society or apartment owners’ associations or development authority settlements or privately built up homes.

  • Customised repayment option facility is available.
  • No hidden charges under the scheme.
  • Competitive interest rates are offered by HDFC under Resale Home Loan.
  • The maximum period for which the loan can be re-payed shall be up to 30 years from the Telescopic Repayment Option under the Adjustable Rate Home Loan.

Processing fees includes up to 0.50% of the loan amount or ₹ 3000/-, whichever is higher + applicable taxes for Self employed Professionals.

  • Up to 1.50% of the loan amount or ₹ 4,500, whichever is higher + applicable taxes for Self Employed Non-Professionals.

HDFC Construction Loan

This particular loan can be availed for the construction on a freehold / lease hold plot or on a plot allotted by a Development Authority.

  • The maximum repayment period is of 30 years. The tenure of loan is also dependent on the customer’s profile & other prevalent norms of HDFC bank.

Processing fees is up to 0.50% of the loan amount or ₹ 3,000 whichever is higher + taxes.

Other terms and conditions are in accordance with the bank norms

HDFC Balance Transfer Loan

With the balance transfer facility the customers can transfer there outstanding home loan availed from another bank to HDFC to get an additional Top Up Loan of up to Rs. 35 lacs.

  • Individuals can apply singly or jointly. Also all the co – owners has to be co – applicants.
  • The maximum repayment period shall be of 30 years for the Telescopic Repayment Option under the Adjustable Rate home loan.
  • No hidden charges are applied on bank’s end.
  • For self – employed professionals, The processing fees is Up to 0.50% of the loan amount or ₹ 3,000 whichever is higher, plus applicable taxes.
  • Whereas, for Self employed Non- Professionals, The processing fees is up to 1.50% of the loan amount or ₹ 4,500 whichever is higher + taxes.

HDFC Plot Loans

One can avail the Plot loan for;

  • Purchase of a plot through direct allotment or purchase of a resale plot.
  • Customised repayment options are available under the scheme.
  • Transferring outstanding loan availed from another Bank or Financial Institutions.
  • No hidden charges.
  • Processing fees is up to 0.50% of the loan amount or ₹ 3,000 (Whichever is higher) with applicable taxes.
Plot Loans Interest Rates
Loan Slab Interest Rate
For Women (upto 30 lakhs) 8.60% to 9.10% p.a
For others (upto 30 lakhs) 8.65% to 9.15% p.a
Above 30 lakhs and upto 75 lakhs 8.75% to 9.25% p.a
Above 75 lakhs 8.80% to 9.30% p.a
Maximum loan Amount of Plot Loans
Loan Amount Maximum Funding*
up to & including Rs. 20 lacs 90% of the property cost**
Rs. 20.01 lacs to Rs. 75 lacs 80% of the property cost**
Above Rs. 75 lacs 75% of the property cost**

*subject to the market value of the plot and repayment capacity of the customer, as assessed by HDFC.

**May be restricted up to 70% of the cost / value of the plot, if the plot is located outside the city limits. 

HDFC Short Term Bridging Loan

The Short Term Bridging Loan helps to provide immediate funds to purchase a new house while waiting for the sale of old home.

  • Loan tenure period is 2 years (Maximum).
  • Types of short term bridging loan includes Simple Interest Adjustable Rate Loan linked with HDFC RPLR. (Refer to the table for the interest rates).
  • Incidental / Statutory / Regulatory charges are applicable.
  • Additional interest rate of 24% per annum is to be paid in case of delayed payment of interest or EMI.
  • Processing fees is 0.5% of the loan amount plus applicable taxes.

Salaried individuals, Self-Employed professionals & non-professionals will be sanctioned a maximum loan amount of 80% of the property cost and 60% will be sanctioned for non-residential premises & plot loans. (Maximum funding is subject to the market value of the property and re-payment capacity of the borrower.

Maximum Loan Amount of Short Term Bridging Loan
Loan Amount Maximum Funding*
Up to Rs. 75 lacs 80% of the property cost
Above Rs. 75 lacs 75% of the property cost
The amounts are applicable to both salaried & self employed person(s).
*subject to the market value of the plot and repayment capacity of the customer, as assessed by HDFC.
Interest Rates for Adjustable Rate Loan
RPLR : 16.15%
Loan Slab Interest Rates (% p.a)
Any Loan amount – Residential Properties 12.30%
Any Loan amount – Commercial Properties 13.15%

HDFC Star Home Loan 

Under HDFC Star home loan, applicant irrespective of salaried or business owners can avail home loan with his or her Aadhar Card. Home Loan amount of Rs. 15 lakhs can be availed. Longer loan tenure of 20 years.

Interest rates of 13%* per annum onwards is provided for the customers.

* Interest rate may vary in accordance with the bank norms. 

SPECIAL BENEFITS FOR INDIAN ARMY EMPLOYEES

Special benefits are provided for the employees in Indian Army. Home loan is provided by the Army Group Insurance Fund (AGIF) and additional funding from HDFC. The loan can be availed anywhere in India.

HDFC Home Loan Kit can be downloaded from the main website with the following documents :-

  • Tripartite agreement.
  • Nomination – Army Group Insurance Fund.
  • Draft of the letter to be written by the customer to the AGIF & HDFC.

HDFC Home Loan Documents Required

Home Loan Documents  For Salaried Person

  • The applicant needs to submit valid passport /Voter ID Card /Aadhaar Card/ Valid Driving Licence etc as proof of both identity and residence

  • Last 3 months’ Salary Slips / Certificates attested by the employer, last 6 months’ Bank Statements / updated passbook, latest Form-16 as income proof

  • Passport size photograph of all the applicants should be affixed on the application form

  • The applicant should submit cheque for processing fee favouring ‘HDFC Ltd’

Home Loan Documents For self-employed Person

  • The applicant needs to submit valid passport /Voter ID Card /Aadhaar Card/ Valid Driving Licence etc as proof of both identity and residence

  • Income Tax Returns along with computation of income for the last 3 Years, last 3 year’s Balance Sheet and Profit & Loss A/c Statements as income proof

  • The applicant needs to submit latest form 26 AS

  • Memorandum and Articles of Association of the Company needs to be submitted

  • Passport size photograph of all the applicants should be affixed on the application form

  • The applicant should submit cheque for processing fee favouring ‘HDFC Ltd’

HDFC MCLR Rate (Effective From 7th September 2017)

Tenure MCLR in %
Overnight 7.85
1 Month 7.85
3 Month 7.90
6 Month 7.95
1 Year 8.15
2 Years 8.25
3 Years 8.45

HDFC Home Loan FAQs

1) What is the processing fee for HDFC home loan?

For HDFC Bank Reach Home loan and Reach Plot Loan processing fees is up to 1.50% of the loan amount for Salaried, Self-Employed Professionals & Non-Professionals. For HDFC Bank Reach Non-Residential Premises Loans processing fee is up to 2% of the loan amount for Salaried, Self-Employed Professionals & Non-Professionals

2) Are the property documents safe with HDFC Ltd.?

HDFC Bank offers in-house scrutiny of property documents so one is assured that they are in safe hands.

3) Does one have the option to structure home loan as partly fixed or partly floating?

Yes, you can structure your HDFC Ltd. Home Loan as Partly Fixed or Partly Floating as per your needs.

4) What is Pledge?

A right over the security is created in favor of HDFC Bank. Hence shares cannot be transferred or sold by the customer or shareholder. HDFC bank home loan is a secured home loan.

5) WHAT DOES ‘OWN CONTRIBUTION’ MEAN?

‘Own Contribution’ is the total cost of the property less HDFC’s loan.

6) WHAT IS AN UNDER CONSTRUCTION PROPERTY?

An under construction property refers to a home which is in the process of being constructed and where possession would be handed over to the buyer at a subsequent date.

7) DOES THE PROPERTY HAVE TO BE INSURED?

Yes, you will have to ensure that your property is duly and properly insured for fire and other appropriate hazards during the pendency of the loan. You will also have to produce evidence thereof to HDFC, each year and/or whenever called upon to do so. HDFC should be the beneficiary of the insurance policy.

List of HDFC Ltd. Bank Branches for Home Loans in India

State Location / Address Branch
Andhra Pradesh M L TOWERS, D NO. 40-1-182 BUNDAR ROAD, LABBIPET, VIJAYAWADA – 520010 Vijayawada
Andhra Pradesh 1ST FLOOR, CHINNAMAGARI’S PLAZA, D.NO: 10-14-582, V V MAHAL ROAD, TIRUPATI – 517501 Tirupati
Andhra Pradesh DOOR NO.26-42-4, S NO.103/2, NH-5, BESIDES EXHIBITION GROUND, CHINNAGANTYADA, GAJUWAKA, VISAKHAPATNAM – 530026. Visakhapatnam
Chandigarh SCO 153-155, SECTOR 8-C, MADHYA MARG, CHANDIGARH – 160018 Chandigarh
Delhi 2ND FLOOR, 44 REGAL BUILDING, CONNAUGHT PLACE, NEW DELHI – 110001 New Delhi
Delhi HL WINGS, 1ST FLOOR, SECTOR-11, PLOT-2, POCKET 4, DWARKA, NEW DELHI – 110075 Dwarka
Delhi 23-28, MAJESTIC TOWER, UPPER GROUND FLOOR, COMMUNITY CENTRE, VIKAS PURI, NEW DELHI – 110018 Delhi
Delhi THE CAPITAL COURT, MUNIRKA, OUTER RING ROAD, OLOF PALME MARG, NEW DELHI – 110067 South Delhi
Gujarat 201, 2ND FLOOR, AMRUTA ARCADE, STATION ROAD, MANINAGAR, AHMEDABAD – 380008 Ahmedabad
Gujarat HDFC HOUSE, TRIDENT RACE COURSE, VADODARA – 390 007 Vadodara
Gujarat 1ST FLOOR, KASHI PLAZA MAJURA GATE, SURAT – 395002 Surat
Haryana FIRST INDIA PLACE, MEHRAULI-GURGAON ROAD, GURGAON – 122001 Gurgaon
Karnataka 1ST FLOOR, 896/4, 1ST A MAIN, SECTOR A, YELAHANKA NEW TOWN, BANGALORE – 560064 Bengaluru
Karnataka GROUND FLOOR, GOLDEN HEIGHTS MALL, 1/2, 59TH C CROSS, 4TH M BLOCK, DR. RAJKUMAR ROAD, BENGALURU – 560010 Bangalore
Karnataka # 2904, CH-67, 1ST FLOOR, FIRST MAIN, NEW KANTHARAJ URS ROAD, SARASWATHI PURAM, MYSORE – 570009 Mysore
Kerala 1ST FLOOR, KOOLIYATTU BUILDING, COCHIN PALACE P O, KARINGACHIRA, TRIPUNITHURA, ERNAKULAM – 682301 Kochi
Madhya Pradesh HDFC HOUSE, 10-A/1, MG ROAD, INDORE – 452001 Indore
Maharashtra OFFICE NO 1001, B WING, WESTERN EDGE II, WESTERN EXPRESS HIGHWAY, BORIVALI (E), MUMBAI 400066 Mumbai
Maharashtra VISHNU PRASAD COMPLEX, UNIT NO.1, ÔHÕ WING, 3, PADMA COLONY, P P MARG, VIRAR (W), DISTRICT THANE, MUMBAI – 401303 Thane
Maharashtra UNIT NO. 1, 1ST FLOOR, WHITE HOUSE, ABOVE ATHITHI HOTEL, BOISAR-TARAPUR ROAD, BOISAR(W) – 401501 Navi mumbai
Maharashtra B2 – 201, MARATHON INNOVA NEXT GEN OPP. PENINSULA CORPORATE PARK, OFF GANPATRAO KADAM MARG, LOWER PAREL MUMBAI – 400013 Mumbai
Maharashtra 104, KEMP PLAZA, 1ST FLOOR, NEAR EVERSHINE MALL, CHINCHOLI BUNDER ROAD, OFF MALAD LINK ROAD, MALAD WEST, MUMBAI – 400064 Mumbai
Maharashtra GROUND FLOOR, RAWEL PLAZA, KADBI CHOWK, KAMPTEE ROAD, NAGPUR – 440004 Nagpur
Maharashtra 2ND FLOOR, GOPAL HOUSE, OPP. KASAT CHEMICALS, KOTHRUD, PUNE – 411029 Pune
Maharashtra HDFC COMPLEX, PLOT NO. RC-1, SURVEY NO. 100, MIDC G BLOCK , TELCO RD., CHINCHWAD, PUNE – 411019 Chinchwad
Rajasthan 10-B, TARANG APARTMENT, OPP. VAIBHAV MULTIPLEX, GAUTAM MARG, VAISHALI NAGAR, JAIPUR – 302021 Jaipur
Tamilnadu HDFC HOUSE, 29, KAMARAJ ROAD, RACE COURSE, COIMBATORE- 641018 Coimbatore
Tamilnadu AMENITIES FLOOR, NEVILLE TOWER, RAMANUJAN IT CITY, RAJIV GANDHI ROAD, TARAMANI, CHENNAI – 600113 Chennai
Tamilnadu SHOP NO. A, GROUND FLOOR, KALYANI BLOCK, DOSHI SYMPHONY, VELACHERRY-TAMBARAM MAIN ROAD, PALLIKARANAI, CHENNAI – 600100 Chennai
Tamilnadu WEST WOODS, Y-205, NEW NO. 32, FIFTH AVENUE, BEHIND HOTEL SARAVANA BHAVAN, ANNA NAGAR, CHENNAI – 600040 Chennai
Tamilnadu SECOND FLOOR, ITC CENTRE,760, ANNA SALAI, CHENNAI – 600002 Chennai
Tamilnadu 7A, WEST VELI STREET, MADURAI – 625001 Madurai
Telangana 1ST FLOOR, R.C REDDY COMPLEX, PLOT NO 39 & 40, SRI VENKATESHWARA COLONY, NEAR UPPAL METRO STATION, NAGOLE ROAD,UPPAL, TELANGANA, HYDERABAD – 500039 Hyderabad
Telangana 1ST FLOOR, D NO.22-86, KANUKUNTA, BHEL X ROADS, R.C.PURAM, ABOVE SONY ELECTRONICS, OPP. BHEL MAIN GATE, HYDERABAD – 502 032 Hyderabad
Telangana 2nd Floor, TRENDZ DWARAKA PLOT NO.21 & 22 TELECOM NAGAR GACHIBOWLI HYDERABAD – 500 032 Hyderabad
Telangana I FLOOR, VIJAY SAI TOWERS, ABOVE SONY & RELIANCE DIGITAL, OPP METRO PILLAR NO.14 KUKATPALLY, HYDERABAD Hyderabad
Uttar Pradesh HINDUSTAN TIMES HOUSE SECOND FLOOR, 25 ASHOK MARG, LUCKNOW – 226001 Lucknow
West Ben MERLIN ESTATES, 25/8, DIAMOND HARBOUR ROAD, NEAR JANAKALYAN SCHOOL, KOLKATA – 700008 Kolkata
West Bengal COOKE AND KELVEY BLDG., 1ST FLOOR, 20, OLD COURT HOUSE STREET., KOLKATA – 700001 Kolkata

HDFC HOME LOAN TRENDS OCTOBER 2017

User searches for HDFC Home Loans up +50% in past week – 29.12.2016
User searches for HDFC Loan Status up +50% in past week – 25.01.2017
User searches for Home Loan Calculator up +40% in past week – 23.02.2017
User searches for EMI Calculator HDFC up +50% in past week – 27.03.2017
User searches for Home Loan Interest Rates HDFC up +40% in past week – 27.04.2017
User searches for HDFC Loan Status up +50% in past week – 25.05.2017
User searches for HDFC Home Loans up +43% in past week – 29.06.2017