HDFC Home Loan Interest Rates 2022

HDFC Home Loan Interest Rates 2022

HDFC Home Loan interest rates start at 6.75% p.a. (special offer).There are a number of home loan offers provide by the institution which can be listed as follows:

Rates Updated on 20 May 2022

HDFC Housing Loan SchemesInterest Rates
HDFC Home Loan6.70% p.a. onwards.
HDFC Rural Housing Loan6.95% p.a. to 8.70% p.a.
HDFC Home Improvement Loan6.75% p.a. to 8% p.a.
HDFC Home Extension Loan6.75% p.a. to 8% p.a.
HDFC Home Loan Top Up8.30% p.a. to 8.80% p.a.
HDFC Plot Loan7.05% p.a. to 8.10% p.a.
HDFC Home Loan Balance Transfer6.75% p.a. to 8% p.a.
HDFC NRI Home Loan6.75% p.a. to 8% p.a.
HDFC Reach Home Loan8.75% p.a. to 14% p.a.

All loans are at the sole discretion of HDFC Ltd. Terms and conditions apply.

Compare: Current Home Loan Interest Rates

HDFC Ltd Home Loan Fees and Charges

Processing Fees0.5% – 1.5%*
Penal Interest RateUp to 24% p.a.
Prepayment/Foreclosure Charges0% – 2%
Check dishonor chargesRs.200
PDC Swap chargesUp to Rs.200
Alteration of loan tenureUp to Rs.500 plus applicable taxes

*Under this campaign, the processing fee for the loans will be limited to Rs.3,000 (plus taxes) for employed individuals and Rs.5,000 (plus taxes) for self-employed individuals.

For detailed information on fees and charges such as regulatory/statutory charges, document charges, and specific fees applicable on home loans to salaried, self-employed non-professional, and self-employed professionals, check out Home Loan Processing Fees and Charges.

HDFC Home Loan EMI Calculator

This easy-to-use online calculator lets you calculate your EMI in no time. All you need to do is enter the relevant details related to your loan, including the loan amount, interest rate, loan tenure, and processing fee. Hit the button “calculate” to check your EMI amount. This will be followed by an amortisation table giving you a comprehensive breakdown of your payment schedule.HDFC Ltd Home Loan Interest Calculation

Amount10 years20 years30 years
Rs.10 LakhRs.11,585Rs.7,723Rs.6,619
Rs.20 LakhRs.23,170Rs.15,446Rs.13,239
Rs.40 LakhRs.46,340Rs.30,892Rs.26,478
Rs.50 LakhRs.57,925Rs.38,615Rs.33,097

Note: Interest rate considered as 6.95% p.a.

It’s always advised to calculate your EMI (equated monthly instalment) beforehand so that you can manage your finances properly after you take a loan. In order to do so, you can use the home loan EMI calculator.

HDFC Ltd. Home Loan Eligibility Criteria

The eligibility of a customer for the HDFC Ltd. Home Loan is primarily ascertained on the basis of their income and loan repayment capacity. HDFC Ltd. takes a number of other factors under consideration as well such as the ages of the applicant, credit score, credit history, etc. The basic eligibility criteria can be summed up as follows:

ParticularsSalaried IndividualsSelf-Employed Individuals
Age21 years to 65 years21 years to 65 years
Minimum IncomeRs.10,000 p.m.Rs.2 lakh p.a.
NationalityResident IndianResident Indian

Learn Further: Check HDFC Home Loan Eligibility

HDFC Ltd. Home Loan Schemes

HDFC Ltd. offers a plethora of home loan plans for salaried and self-employed individuals. Given below are the list of all the schemes which can be availed by the customers

  1. HDFC Home Loan
    • For purchasing flat, bungalow, row house, or properties from Development Authorities
    • Interest concession for women applicants
    • Loans for resident Indians only
    • Financing of up to 90% of the total property cost
  2. HDFC Plot Loan
    • Loans for purchase of a plot through direct allotment No hidden charges
    • Customised repayment options
    • Expert legal and technical counselling
    • Loans also available for purchasing a resale plot
  3. HDFC Rural Housing Loan
    • Attractive rates starting at 6.95% p.a.
    • Tailored for agriculturists, planters, horticulturists, dairy Farmers for purchasing a residential property in rural and urban areas
    • Agriculturists applying for loan are not required to provide IT Returns
    • Longer repayment tenure of up to 20 years for agriculturists
  4. HDFC Reach Home Loan
    • Loans for purchasing a new or existing home
    • Loans for salaried individuals with a minimum monthly income of Rs.10,000 and for self-employed individuals with an income of Rs.2 lakh p.a.
    • Loan can be used to purchase a plot
    • Use this loan to construct your home on a free-hold land or on a plot
  5. HDFC Home Improvement Loan
    • Loan specifically meant for renovating your home
    • Loans available for both new and existing customers
    • Simple and hassle-free documentation process
    • Interest rates similar to normal home loan rates
  1. HDFC Home Extension Loan
    • Loans to add or extend space to your home
    • Maximum tenure of 20 years
    • Interest rate concession for women applicants
  2. HDFC Top Up Loans
    • Loans for both professional and personal needs
    • Maximum loan of R.50 lakh
    • You can apply only after 12 months of the final disbursement of your existing home loan and upon possession or completion of the existing financed property
  3. HDFC Balane Transfer Loans
    • Transfer your existing loan to HDFC conveniently
    • Additional top up loan of up to Rs.50 lakh
    • Special arrangement with AGIF for Home Loans for those employed in the Indian Army
    • Customised repayment options
  4. HDFC NRI Home Loans
    • Home loans designed for NRIs for purchase of a flat, row house, bungalow from private developers in approved projects in India
    • Loans available for purchase of a property located anywhere in India
    • Get home loan advisory services in the country you currently reside
    • Loans for purchasing properties from Development Authorities of India
    • Interest subsidy of up to 6.50% p.a.
    • Save up to Rs.2.67 lakh under PMAY CLSS
    • Affordable housing for Economical Weaker Section (EWS), Lower Income Group (LIG), and Middle Income Group (MIG)
    • Interest subsidy will be available for a maximum loan tenure of 20 years


  • *All loans at the sole discretion of HDFC Ltd.
  • The differential rates of interest are made available based on the different risk assessments. Select rates of interest are made available as per the credit risk profile at certain price points, details of which may be obtained from the nearest branch of HDFC.
  • The rates of interest are applicable to Home Loans, including Home Improvement, Home Extension, Plot and Plot plus Construction loan.
  • The above interest rates / EMI are applicable for loans under the Adjustable Rate Home Loan Scheme of HDFC Ltd. and subject to change at the time of disbursement. The Home Loan interest rates above are variable in nature and subject to change as per the movement in HDFC’s Benchmark Rate.
  • HDFC, Ltd. reserves the right to withdraw the offer on interest rates at any point in time without any further intimation or notice, and no claims shall be entertained by HDFC, Ltd. in this regard.

Documents Required HDFC Ltd. Home Loan

The documents required for the HDFC Ltd. Home Loan can be summed up as follows:

For Salaried Individuals:

  • Income proof
    • Latest 3 months’ salary slips
    • Last 6 months’ bank statements
    • Latest Form 16 and IT returns
  • Other documents
    • Employment details
    • Proof of own contribution
    • Last 6 month’s bank statement to show if there are any other loans
    • Your and co-applicant’s passport-size photo with signature
    • A cheque for processing fee to be paid towards HDFC Ltd.

For Self-Employed Individuals:

  • Income proof
    • Income Tax Returns along with details of your businesses and your income for the last 3 years (attested by a chartered accountant)
    • Balance sheet and profit and loss account statements for the last 3 years
    • Last 6 years’ current account statements of your business and your savings account statements
  • Other documents
    • Business profile
    • Form 26 AS (latest)
    • Proof of own contribution
    • Partnership deed (if applicable)
    • Details of your and your businesses’ ongoing loans (if any)
    • Your and co-applicant’s passport-size photo with signature
    • List of Directors and Shareholders of the company with shareholding details
    • A cheque for processing fee to be paid towards HDFC Ltd.

Common Documents for Salaried and Self-Employed

Document TypeDocument Required
Proof of identity and addressAadhar card, voter ID, passport, or driving license
Property-related documentsCopy of the buyer agreement and receipt of the payment made to the builder (for new homes)Title deeds, receipt of the payment made to the builder, and copy of the agreement to sell (for resale homes)Title deeds of the plot, proof of no encumbrances on the property, and construction estimate as given by the architect (for home construction)

How to Apply for HDFC Ltd. Home Loan

You can apply for a home loan through HDFC Ltd. by using any one of the following 3 methods:

  1. Application through BankBazaar:You can visit the official website of BankBazaar at and navigate to the ‘Home Loan’ section under the ‘Loans’ menu. You will be able to see the list of loan providers. Click on the ‘Apply Now’ button next to the HDFC Ltd. Home Loan section and follow the on-screen instructions to easily apply for a loan.You can also easily check the Home Loan status through BankBazaar.
  2. Online application through the HDFC Ltd. Portal:You can visit the official HDFC portal and fill up the form by following the on-screen instructions. You can track the status of your HDFC home loan application as well through this portal.
  3. Offline application through a branch office:You can also use the offline mode to apply for a home loan through HDFC Ltd. You can visit one of the nearest branches and get in touch with an executive from the home loan department to guide you through the process. Alternatively, you can also get in touch with the HDFC Home Loan Customer Care service for the same.

HDFC Ltd. Home Loan Customer Care

You can get in touch with HDFC Ltd. Home Loan Customer Care for any questions, queries, and doubts.

Toll Free Number1800 258 38 38 and 1800 22 40 60
HDFC Corporate Office AddressHDFC House, H T Parekh Marg, 165-166, Backbay Reclamation, Church gate, Mumbai Pin-400 020
Contact Number: +91 (22) 6663 6000

HDFC Ltd. Home Loan FAQs

  1. What are the factors that will define the tenure for my home loan?

    The tenure may vary from scheme to scheme. However, there are certain factors that can have an impact on the tenure. They are:
    Your profile
    Your age at the time of loan maturity
    Age of the property at the time of loan maturity
    The repayment scheme you have opted for

  2. What are my loan repayment options?

    Some of the repayment options for home loans offered by HDFC Ltd. include:
    Tranche Based EMI
    Step Up Repayment Facility
    Accelerated Repayment Scheme
    Flexible Loan Instalments Plan
    Telescopic Repayment OptionNote that the plans mentioned may not be applicable for all the schemes.

  3. What are the benefits of adding a co-applicant?

    You can maximise the loan amount by adding a co-applicant. Additionally, having a woman co-applicant will help you get better interest rates on your loan.

  4. What’s the difference between a Home Improvement Loan and Home Extension Loan?

    If you want to add extra spaces or rooms to your existing houses, the cost can be taken care of by availing the Home Extension Loan. On the other hand, you can take a Home Improvement Loan if you are planning to renovate your house.

  5. What is part disbursement or subsequent disbursement of home loan?

    HDFC Ltd. disburses the funds for a property which is under construction in instalments. These disbursements are based on the progress of the construction and are called subsequent or part disbursement.

  6. When do I have to start paying off the EMIs for my HDFC Ltd. Home Loan?

    The EMIs for the HDFC Ltd. Home Loans are payable from the month subsequent to the one during which the loan amount is disbursed. In the case of under construction properties, HDFC Ltd. offers the facility of starting the EMIs after the entire loan amount is disbursed. However, customers get the liberty to start paying off their EMIs as soon as the first subsequent disbursement of loan is made.

  7. How does HDFC Ltd. decide the loan amount that I will be eligible for?

    HDFC Ltd. Home Loan eligibility comprises of a number of factors. HDFC Ltd. will decide the final loan amount on the basis of your income, credit history, and loan repayment capacity. The stability and continuity of your occupation will also play a major role in this case.

News About HDFC Limited Home Loan

  • HDFC jumps 2% due to an increase in the disbursement of individual loans: Housing Development Finance Corporation’s shares jumped by 2% and hit record highs of Rs.2,623. The main reason for the jump was a healthy pick-up in the disbursement of individual loans in the third quarter of the financial year 2021. According to HDFC, the individual loan business saw an improvement in the quarter that ended on 31 December 2020. The sale of investments profit was at Rs.157 crore in the third quarter of the financial year 2021. According to Motilal Oswal Securities, HDFC remains the preferred picks in the sector. 7 January 2020
  • HDFC Bank Launches “Mooh Band Rakho” Campaign to Create Awareness on Cyber Frauds: HDFC Bank Ltd., announced the launch of “Mooh Band Rakho,” campaign in order to increase awareness on cyber frauds and preventing them. The lender will be conducting 1,000 workshops in the next 4 months across the country.The campaign will teach simple steps such as not sharing card details, CVV, Expiry Date, OTP NetBanking/ MobileBanking Login ID & Password over Phone, SMS, email and social media to the general public in order to keep their money safe.19 November 2020
  • HDFC Bank has Q2 profit of Rs.7,513 crore, 18.4% increase, and approves new CEO and MD: HDFC Bank reported a year-on-year (y-o-y) growth in profit of 18.4%, which was Rs.7,513.11 crore, during the September quarter. For the same period last year, the profit was Rs.6,345 crore. The y-o-y increase in net interest income was 16.7% amounting to Rs.15,776.4 crore in the same quarter with a growth in asset of 21.5% and 4.1% core net interest margin for the same quarter. Asset quality improved sequentially against the expectations of a marginal increase arising from the NPA classification order of the Supreme Court.HDFC Bank also approved the appointment of a new Additional director, Sashidhar Jagdishan, and also as the Chief Executive Officer and the Managing Director and Chief Executive Officer. This will be subject to the approval of the shareholders of the bank and will be for a 3-year period starting from 27 October, 2020. 22 October 2020
  • HDFC Bank brings ‘Festive Treats 2.0’ to rural parts of the country: HDFC Bank had taken the festive offers to remote areas of India and the had launched the semi-urban and also the rural phase of their ‘Festive Treats’. Via the network of 1.2 lakh village level entrepreneurs (VLEs) which have been enrolled with India’s Common Service Centres (CSC) network, all the customers who live in this area can get the benefit of the offer. The customers can get special deals on a lot of banking products. This will include 2-wheeler loans, home loans, tractor loans, car loans, and gold loans. The bank has now tapped more than 3,000-plus traders and merchants and will provide a customised deal.  13 October 2020
  • HDFC see their business returning to pre-Covid levels: Housing Development Finance Corporation Ltd (HDFC) said that it has observed considerable improvement in the individual loan business for the second quarter, a sign that indicates the business is returning to pre-Covid levels. As per a notice to the stock exchange, HDFC said that the disbursement of loans during the September quarter was recorded to be at 95%. Approval for loans availed at Individual level roseby 9% year-on-year (y-o-y) and applications for loan received grew by 12% during the same quarter. The lending company said that the highest recovery was made during the month of September since the outbreak of the pandemic. This is in huge contrast to the June quarter when the company’s lending operations was severely affected with a 4.73% y-o-y fall with a standalone profit to Rs.3,051.52 crore. The retail business too was affected during the June quarter. However, loans for individual business improved with disbursements being 68% of the corresponding month in 2019.  8 October 2020
  • HDFC Bank’s home loan disbursements see a rise in the second quarter: HDFC Bank has stated that there has been a significant rise in the disbursals of home loans in the second quarter of the financial year. In July, the bank disbursed around 81% of the previous year’s levels. The bank has witnessed a month-on-month rise in disbursements. To push home loans during the festive season, HDFC Bank has launched the ‘India Home Fair 2020’ online and with 175 partnerships with approved developers, the bank aims to make 350 projects available to customers in 50 cities. The bank has also created different portals for investors living in the Middle East, Singapore and London.The pickup for home loans have been higher in smaller centers according to various sources. 5 October 2020
  • Fixed Rate Home Loans interest rates starting at 7.4%: Fixed rate home loans are for borrowers who want to be certain about their debts till the end of their loan repayment tenure. Although most borrowers prefer getting a floating rate home loan, there are people who opt for the fixed rates as well despite the rates being slightly higher.At present, lenders are extending home loans at fixed interest rates which are starting at as low as 7.4% p.a. Some of the major lenders from where you can apply and avail a fixed rate home loan are HDFC Bank which is offering loans at 7.4% p.a. to 8.2% p.a. Other loan providers include HDFC Ltd., Axis Bank, IDBI Bank, and Union Bank of India. For these loan providers, the rate of interest ranges between 7.4% p.a. to 12.65% p.a. 29 September 2020
  • MCLR cut by HDFC Bank -10 bps: HDFC Bank, which is known as India’s largest private sector lender, has not reduced its marginal-cost based lending rate (MCLR) on their loans across or all tenors by 10 basis points (bps). Last month HDFC Bank had reduced its MCLR on all loans by 20 bps.The HDFC Bank website has said that after the new rate reduction, the overnight MCLR has been reduced to 7% and the one-month MCLR has been reduced to 7.05%. The one-year MCLR will be 7.35%, and the three-year MCLR is 7.55%. 10 August 2020
  • HDFC Bank cuts down MCLR Rate for all tenures by 20 bps: The country’s largest public sector bank, HDFC Bank cut its marginal-cost based lending rate (MCLR) on loans by 20 basis points. This will be effective from 7 July 2020 and will be imposed on all tenures, according to the website of the bank. This comes as a follow up after the bank had cut its MCLR rates in June as well by 5 bps across various tenures.  According to the website of the bank, after the reduction of rate, the MCLR for overnight tenure stands at 7.10% whereas for a tenure of one-month will be at 7.15%. Many consumer loans are linked to the tenure of 1 year which will have an MCLR of 7.45% and for three years, it stands at 7.65%.  The revised MCLR rates across various tenures stands at the following: Overnight: 7.10% 1 month: 7.15% 3 months: 7.20% 6 months: 7.30% 1 year: 7.45% 2 years: 7.55% 3 years: 7.65% The bank changed its MCLR rates after similar steps were taken by many other banks due to the novel pandemic, COVID-19 and its effect on the economy. Since March, the Reserve Bank of India has cut down its key rates by 115 bps.  13 July 2020
  • HDFC Bank advances up 21% at Rs 10. lakh crore by Q1-End: HDFC Bank on saturday reported a growth of 21% in its advances which totaled Rs.10.04 lakh crore on June 30 as compared to Rs 8.29 lakh crore on June 30 a year ago and Rs 9.93 lakh crore on March 31.The bank’s deposits totaled Rs.11.89 lakh crore on June 30, showing a growth of 25% from Rs.9.54 lakh crore on June 30 last year and Rs.11.47 lakh crore on March 31 this year.The CASA (current account savings account) ratio stood at about 40% on June 30 this year as compared to 39.7% on June 30 last year and 42.2% on March 31 this year.The bank purchased loans aggregating Rs 1,376 crore in the previous quarter which ended June 30 through the direct assignment route under the home loan arrangement with Housing Development Finance Corporation (HDFC). 06 July 2020

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