HDFC Home Loan Interest Rate Calculator - Dec 2016

HDFC Home Loan Interest Rates

Last Updated 03rd Dec 2016
Interest Rate 9.15% - 9.80%
Check Special Offers
Lowest EMI Rs. 815 per lakh
Max Tenure 30 years
Processing Fee Upto 0.50%
Prepayment, Foreclosure Charges Allowed with nil charges for floating rate loans
Age Min 24 and Max 60 years for Salaried
Min 24 and Max 65 years for Self Employed
Apply Home Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 





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HDFC Home Loan

HDFC offers home loan to the people who want money to purchase a house, home renovation and home extension etc. The house itself acts as a security to the loan.

Home Loan HDFC

Home loan interest rates offered by HDFC depends upon PLR.
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in PLR rate and should be chosen only if you believe that the rates will not hike in future.
  • Floating rates changes with a single change in PLR rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates.
HDFC offers home loan based on PLR rates which is currently 16.30%.
HDFC home loan interest rate depends upon
  • Loan amount: Home loan rate in HDFC depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • Company where you work: HDFC has a list of companies to which they lend Home loan. Interest rate will be less if your company is listed
  • Your Salary: Income helps you in identifying your rate of interest. HDFC interest rate varies with your monthly income. Higher the income, less will the rate of interest

Home Loan Charges

  • Foreclosure Charges - These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. HDFC allows prepayment of home loan with Nil prepayment charges
  • Processing Fee - HDFC asks for a processing fee of 0.50% of loan amount with applicable service tax
HDFC Home Loan Repayment Selection
HDFC offers different repayment options to the customers to lower their burden of paying higher EMIs:
Flexible Loan Installments Plan (FLIP): In FLIP, you can pay higher EMIs during the starting years and can reduce them later in proportion to reduction in your income.
Step Up Repayment Facility (SURF): Under this scheme, estimated growth in your income is connected to your repayment program. You can avail a home loan of higher amount and pay lower EMIs in the primary years. Consequently, your EMI will rise with increase in your income.
Accelerated Repayment Scheme: Under this scheme, you can increase your EMI every year with increase in your income which will help you in faster repayment of the loan.
Telescopic Repayment Options: This option provides you a longer tenure of up to 30 years. You can pay smaller EMIs for a longer tenure.
Tranche Based EMI: This type of repayment option is preferred in case you purchase an under construction property. You pay interest over the loan till you get final disbursement of the loan. You may opt for this option if you want to pay principal amount with interest on the aggregate disbursed amount.

HDFC Home Loan EMI Calculator

    Home Loan EMI of HDFC is a fixed amount that you pay each month towards the repayment of your home loan till the end of tenure
  • Home Loan EMI calculator of HDFC helps you to calculate your monthly EMI at different rate of interest and also check lowest EMI per lakh on home loan.
  • You can plan your loan amount according to your monthly repayment capacity because higher the loan amount, higher will be the EMI
  • Rate of interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
  • Loan tenure matters equally as higher tenure reduces your EMI
What are the benefits of calculating HDFC Home Loan EMI?
  • EMI calculator of HDFC helps you to calculate your monthly EMI at different rate of interest
  • HDFC Housing Loan EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

HDFC Home Loan Eligibility Calculator

Home Loan eligibility criteria HDFC
Eligibility of House loan in HDFC relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Age: Age plays an important role to know your eligibility and repayment capacity. HDFC offers Home loan to salaried at the age of 24 to 60 years and self employed individuals at 24 to 65 years
  • Income: In case of salaried person, HDFC Loan eligibility significantly depends upon the income. Usually bank set minimum levels of income to apply for house loan. Salaried employee should be in government job or working with a reputed private company and getting regular salary in bank account with salary slip, form 16
  • Job stability and Profession: Job stability is important to improve your status and eligibility for Home loan from HDFC. In case you are salaried, you must be in a full time job for at least 1 months. In case you are self-employed, you must be in current profession or business for at least 5 years and should preferably own either your office or your place of residence. Minimum turnover and minimum net income criteria may apply. Business must be registered with at least one government agency such as service tax, VAT, excise, shops and establishment registrar. Other than job stability, profession is also an important factor which can affect your HDFC eligibility. If you are working with a reputed company, probability of getting home loan from HDFC increases as the income is considered to be more stable
  • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your Home loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your Home loan eligibility
  • Loan Amount: HDFC gives you Home loan depending upon your income. HDFC gives you an amount ranging from Rs. 1,500,000 to Rs. 100,000,000. To improve chances of approval, apply for a loan amount that you can comfortably service
  • Estimated eligibility online by using Eligibility Calculator.
    Popular Products
    HDFC offers you different type of loans.

    Adjustable Rate Home Loan

    • This type of home loans is essentially floating rate loans in which the rate is linked to Retail Prime Lending Rate (RPLR). In case of change in RPLR, your interest rates will be revised once in every 3 months based on the first disbursement of home loan with or without affecting your EMI. On decrease in interest rate, the principal component will increase with reduction in the interest rate component resulting drop in loan tenure or vice-versa.

    TruFixed Home Loan

    • This type of home loans is basically part fixed and part adjustable home loans. Under his scheme, the loan will remain fixed for a maximum tenure of 2/3/10 years after which the loan will automatically switch to adjustable rate up to tenure of 20 years for what period you have availed home loan.

    HDFC Floating Rate Home Loans

    HDFC Home Loan Floating
    Upto Rs. 2,500,000 - 9.20%
    Rs. 2,500,001 - 7,500,000 - 9.20%
    Rs. 7,500,001 - 20,000,000 - 9.30%
    Above Rs. 20,000,000 - 9.30% linked to PLR
    special offer for female borrower
    Upto Rs. 2,500,000 - 9.15%
    Above Rs. 2,500,001 - 7,500,000 - 9.15%
    Above Rs. 7,500,001 - 20,000,000 - 9.25%
    Above Rs. 20,000,000 - 9.25% linked to PLR
    Plot Loan Floating
    Upto Rs. 3,000,000 - 9.25%
    Rs. 3,000,001 - 7,500,000 - 9.50%
    Rs. 7,500,001 - 15,000,000 - 9.50%
    Above Rs. 15,000,000 - 9.50% linked to PLR
    special offer for female borrower
    Upto Rs. 3,000,000 - 9.20%
    Above Rs. 3,000,001 - 7,500,000 - 9.45%
    Above Rs. 7,500,001 - 15,000,000 - 9.45%
    Above Rs. 15,000,000 - 9.45% linked to PLR
    Rural Housing Finance Floating
    Upto Rs. 3,000,000 - 9.20%
    Rs. 3,000,001 - 7,500,000 - 9.20%
    Rs. 7,500,001 - 15,000,000 - 9.30%
    Above Rs. 15,000,000 - 9.30% linked to PLR
    special offer for female borrower
    Upto Rs. 3,000,000 - 9.15%
    Above Rs. 3,000,001 - 7,500,000 - 9.15%
    Above Rs. 7,500,001 - 15,000,000 - 9.25%
    Above Rs. 15,000,000 - 9.25% linked to PLR

    HDFC Fixed Rate Home Loans

    HDFC Home Loan TruFixed
    Upto Rs. 2,500,000 - 9.20%
    Rs. 2,500,001 - 7,500,000 - 9.20%
    Rs. 7,500,001 - 20,000,000 - 9.30%
    Above Rs. 20,000,000 - 9.30% linked to PLR
    special offer for female borrower
    Upto Rs. 2,500,000 - 9.15%
    Above Rs. 2,500,001 - 7,500,000 - 9.15%
    Above Rs. 7,500,001 - 20,000,000 - 9.25%
    Above Rs. 20,000,000 - 9.25% linked to PLR
    Plot Loan TruFixed
    Upto Rs. 3,000,000 - 9.25%
    Rs. 3,000,001 - 7,500,000 - 9.25%
    Rs. 7,500,001 - 15,000,000 - 9.50%
    Above Rs. 15,000,000 - 9.50% linked to PLR
    special offer for female borrower
    Upto Rs. 3,000,000 - 9.20%
    Above Rs. 3,000,001 - 7,500,000 - 9.20%
    Above Rs. 7,500,001 - 15,000,000 - 9.45%
    Above Rs. 15,000,000 - 9.45% linked to PLR
    Rural Housing Finance TruFixed
    Upto Rs. 3,000,000 - 9.20%
    Rs. 3,000,001 - 7,500,000 - 9.20%
    Rs. 7,500,001 - 15,000,000 - 9.30%
    Above Rs. 15,000,000 - 9.30% linked to PLR
    special offer for female borrower
    Upto Rs. 3,000,000 - 9.15%
    Above Rs. 3,000,001 - 7,500,000 - 9.15%
    Above Rs. 7,500,001 - 15,000,000 - 9.25%
    Above Rs. 15,000,000 - 9.25% linked to PLR

    HDFC Home Loan Top up, Transfer

    Transfer of Home Loan from another bank to HDFC?
    HDFC offers home loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of HDFC
    You can avail additional top-up home loan from HDFC, subject to your eligibility

    Housing Loan HDFC documents required

    Home Loan for Salaried employee HDFC documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • ITR of last 2 years
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit

    Home Loan for Self-Employed HDFC documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • Identity Proof - Passport/ Driving License/ Voter ID/ PAN
    • ITR of last 3 years
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile

    Frequently Asked Questions

    Why to take home loan from HDFC?
    HDFC offers home loan at lower rate of interest i.e. at 9.15% with the lowest EMI of Rs. 815 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your home loan to HDFC.
    What is the maximum loan tenure I can opt under HDFC house loan?
    HDFC offers you a longer tenure of 30 years to repay your home loan with a benefit of paying less EMI per month.
    Do I get tax benefit on home loan from HDFC?
    As per Indian Income Tax Act of 1961, residents of India are eligible for tax benefits on principal amount and interest components of a home loan under the section 24 and section 80C of Income Tax Act.
    Can I foreclosure my home loan? What are the charges applicable?
    Yes, you can foreclose your home loan with Nil charges.
    Can I transfer my home loan from another bank to HDFC?
    Yes, HDFC gives you the facility to transfer your existing home loan with a hassle free process. Home loan balance transfer to HDFC offers you to pay lower EMIs and save money.
    Can I club the income of my spouse with mine and apply for joint home loan?
    You can club the income of your spouse to increase your loan eligibility if the spouse is co-owner of the property or guarantor of the loan.
    What is the benchmark applicable for home loan in HDFC?
    The benchmark applicable for home loan in HDFC is PLR.
    What is the effect of part payments on HDFC housing loan EMI ?
    Part payments help you in reducing the outstanding amount of loan which in turn will reduce the interest amount due. After making part payments, paying the same EMI will increase your involvement towards the principal amount which will help you in repaying the loan faster.
    How to increase my eligibility on HDFC housing loan?
    If your spouse or family member is earning well, you can make your spouse or family member the co-applicant for your loan. The combination of both of your income will help you in increasing your eligibility to get loan.
    How will interest rate on HDFC housing loan change in future?
    • Floating interest rate on HDFC housing loan is linked to its PLR Rate, which is currently at 16.30%. So, when HDFC offers a home loan at 9.15%, it applies a discount of 7.15% to its PLR Rate to arrive at this home loan interest rate.
    • When RBI increases interest rates, the bank may increase its PLR rate and the applicable interest rate for all existing and new home loans would increase. When RBI cuts interest rates and the bank reduces the PLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.
    How much margin would I have to pay on home loan?
    S. NO. Loan Amount Margin
    1 Up to Rs. 30 Lacs 10%
    2 Above Rs. 30 Lacs to upto Rs. 75 Lacs 20%
    3 Above Rs. 75 Lacs 25%
    Do I need a co-applicant to apply for a home loan? If yes, who can be a co-applicant for my home loan?
    You can apply for a home loan individually or jointly. Co-owner of your property needs to be co-applicant for your home loan. Co-applicant should be a close family member.
    Can I convert my home loan rate from fixed rate to adjustable rate or vice-versa? What are the charges applicable?
    Yes, you can convert your home loan rates from fixed rate to adjustable rate and vice- versa. The charges applicable are as following:
    • On conversion of loan from fixed rate to adjustable rate, charges are 0.50% of the principal outstanding plus undisbursed loan amount or Rs. 50,000 if the loan in partly disbursed. If the loan is fully disbursed, then the charges are 0.50% of the principal outstanding or Rs.50,000
    • On adjustable rate to fixed rate loan conversion, you will be charged 1.75% on the outstanding principal plus undisbursed loan amount
    Am I eligible for top up on my existing home loan?
    HDFC allows you to top up your existing home loan up to an amount of Rs. 35 lakhs.

    HDFC Home Loan in India

    HDFC Home Loan 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
HDFC Home Loan Interest Rate News - Dec 2016
05th Nov 16 HDFC reduces home loan rates to 9.15 percent
HDFC home loan rates have been reduced by 0.15 percent for new customers. The rates are now 9.15 percent for female borrowers and 9.20% for male borrowers. The new home loan rates will be effective from 4th November, 2016. The floating rate loans would be benchmarked to HDFC PLR which is currently 16.30%.
03rd Nov 16 HDFC ARYA has extended its login date till 30th November, 2016
HDFC has launched HDFC ARYA scheme in September to benefit government employees. HDFC has now extended its login date from 31st October, 2016 to 30th November, 2016 subject to first disbursement by 31st January, 2017. Now, central government and defence employees can get the benefit of home loan at 9.30 per cent rate for one more month.
07th Oct 16 HDFC plans to raise 1500 cr in debt to augment capital
HDFC Ltd will raise 1500 crore by issuing debt securities on a private placement basis. The secured non convertible debentures will carry the coupon rate of 7.5 costs per annum. HDFC will start issuing debt securities on October 13 and will end on 12th October 2018.
10th Aug 16 HDFC Ltd. customers can directly access their CIBIL Score and Report on its website
HDFC has implemented the CIBIL Consumer Connect solution which will facilitate customers to purchase their CIBIL Score and Report directly from HDFC website. This move will bring transparency in the loan appraisal process as CIBIL report is an important parameter based on which banks and HFCs decide the eligibility of borrowers. The move is expected to improve customer satisfaction and increase awareness on credit discipline.
22nd Nov 15 HDFC Realty unveils online home auctions
HDFC has tied up with a website ibidmyhome.com which allows customers to bid for houses at prices they are comfortable with.
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