Kuchh Baat Aapke Interest Ki Login

HDFC Home Loan

Last Updated 20th Jun 2017

HDFC Housing Loans

Rate of Interest 8.40% - 9.05%
Maximum Loan Tenure From 5 years to 30 years
Loan Amount Between Rs. 1,500,000 to Rs. 50,000,000
Lowest EMI per lakh Rs. 762 per lakh
Age Between 24 years to 60 years
Processing Fee 0.50%
Apply Home Loan @ 8.35%*
Rs.
Rs.
+91

HDFC Home Loan Details

HDFC home loan is dependent on various factors and varies from person to person. These factors are -

Loan Tenure - HDFC Home loans are of shorter tenure ranges from 5 years to 30 years and carry lower rate of interest compared to shorter term loans.

Repayment Capacity - Before giving home loan to the borrower, HDFC checks the repayment capacity of the borrower. Bank verifies the repayment capacity of the customer through CIBIL as it has all the details of previous loans taken and their repayments. CIBIL also gives the information of credit card bills payment.

Relationship with the bank/NBFCs - HDFC offers special rates, offers and charges to the existing account holders of the bank. Those who have managed their accounts and made all the payments on time in past will get benefit from the bank.

HDFC Home Loan Document List

Documents Salaried Self Employed
Signed Application Form Yes Yes
Passport Size Photo Yes Yes
Copy of Income Tax PAN Yes Yes
Identity Proof Passport/ Driving License/ Voter ID/ PAN Passport/ Driving License/ Voter ID/ PAN
Income Proof Latest pay slip, Form 16, 3 months bank statement showing salary credit and any EMI debit 6 months bank statement, ITR of last 2 years
Address Proof Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
Business Proof VAT/ service tax registration, incorporation details in case of companies, partnership deed, business address proof

HDFC Home Loan Apply

HDFC gives the facility of home loan to the people who want money to meet their urgent requirements. There are some features and benefits of taking house loan from HDFC:

HDFC Home Loan Calculator

Interest Rate Calculator - This helps you in identifying the interest rate charged on applied loan amount for effective tenure.

Interest rate on HDFC Home loan depends upon

Loan Amount - Higher the loan amount, lesser will be the interest rate

Benchmark Rate - Home loan floating of HDFC depends upon PLR which is currently 16.15%.

Eligibility Calculator - This calculator calculates your House loan eligibility depending upon your monthly income, loan tenure, interest rate and existing obligations (if any). Apply for only that much loan amount, what you are eligible for. This calculator calculates eligibility based on salary. You can also calculate your home loan eligibility online and based on that apply for loan. Eligibility depends on:

  • NTH – Higher monthly income increases your eligibility to get HDFC Housing loan. HDFC requires a minimum income of at least Rs. 0 to avail you loan
  • Loan Tenure – You can get home loan for maximum tenure of 30 years depending upon your current age
  • Obligations – Your existing obligations can reduce your chances of getting Home loan from HDFC. So, complete your existing obligations first and then apply for loan
  • There are various methods of calculating eligibility

  • Multiplier method – This method calculates your loan amount based on your income and company profile
  • FOIR (Fixed Obligation Income Ratio) – Your loan amount eligibility is calculated on the basis of your maximum EMI or monthly installments in respect to your income

EMI Calculator - Home Loan EMI calculator helps you in calculating your monthly EMI based on the loan amount, interest rate and tenure you have applied for.

Loan amount - You should apply for only eligible loan amount from HDFC ranges from Rs. 1,500,000 to Rs. 50,000,000. EMI will be high based on your loan amount.

Loan Tenure - High tenure of home loan leads to low amount of EMI.

Interest Rate - HDFC home loan EMI will be low if your rate of interest is less.

FAQs on Home Loan from HDFC

How HDFC does calculate NTH for Home loan?

NTH in HDFC is calculated as the average of last 2 to 3 months net income as per your salary slip and same replicating in statement.

Can I prepay my Home loan in HDFC?

Yes, you can prepay your House loan in HDFC with Nil charges.

How much fee is charged by HDFC for Home loan?

Processing fee charged on HDFC Home loan is 0.50% with applicable service tax.

Is HDFC BT a better option?

HDFC offers minimum rate of 8.40% with lowest EMI of Rs. 762 per lakh. If you are paying higher EMI than HDFC, then balance transfer is the right option.

Can I check my loan account statement online?

You can login into your HDFC online net banking account to get your loan details, track your loan history and make the payment online.

Is buying home loan insurance mandatory?

No, with home loan, home loan protection plans are not mandatory by law, or IRDA or RBI. However, different banks have different policy to safeguard their interest. Hence some banks insist on taking an insurance plan along with loan.

Easy comparison of HDFC home loan with other banks

HDFC Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 0562-66307000
Ahmedabad 079-66307000
Ambala 0172-3989123
Anand 02692-66307000
Aurangabad 022- 66636000
Bangalore 080-41183000
Bhilai 0771-4243100
Bhilwara 987-508-8888
Bhiwadi 022- 66636000
Bhopal 0731-4433333
Bhubaneswar Cuttack 0674-2395060
Bikaner 987-508-8888
Chandigarh 0172-3989123
Chennai 0422-4301100
Cochin 938-776-6666
Coimbatore 0422-4301100
Dehradun 1860-420-4222
Delhi 011-41115111
Durg 0771-4243100
Faridabad 011-41115111
Gandhinagar 02712-2308400
Ghaziabad 0120-3989123
Goa 1800-22-7227
Greater Noida 0120-3989123
Gurgaon 011-41115111
Guwahati 1800-22-7227
Gwalior 0731-4433333
Hyderabad 040-66475001
Indore 0731-4433333
Jabalpur 0731-4433333
Jaipur 987-508-8888
Jalandhar 0172-3989123
Jodhpur 987-508-8888
Kanpur 0512-3989123
Karnal 0172-3989123
Kolhapur 022- 66636000
Kolkata 033-66556655
Kota 987-508-8888
Kozhikode 999-599-8000
Lucknow 0522-3989123
Ludhiana 0172-3989123
Madurai 0422-4301100
Meerut 0121-3989123
Mehsana 1800-22-7227
Mohali Sas Nagar 0172-3989123
Mumbai 022- 66636000
Mussoorie 1860-420-4222
Nagpur 0712-2566000
Nashik 0253-6606000
Noida 01191-3989123
Noida Extn 01191-3989123
Panipat 011-41115111
Patna 0612-2502522/ 0612-2502523
Pondicherry 1800-22-7227
Pune 020-25505000
Raipur 0771-4243100
Rajkot 0281-4433333
Ranchi 1800-22-7227
Rohtak 0172-3989123
Roorkee 1860-420-4222
Salem 0422-4301100
Shimla 1800-22-7227
Sonepat 011-41115111
Surat 0731-4433333
Trichy 0422-4301100
Udaipur 987-508-8888
Vadodara 0265-2308400
Varanasi 0542-3989123
Vijaywada 0866-6633131
Vizag 0866-6633131
Check
Lowest EMI
Check
Home Loan Eligibility
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.