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HDFC Home Loan Interest Rates 2022

HDFC Housing Loan Interest Rate -Today

Last Updated 04th Jan 2022

  • Current HDFC Home Loan interest rates Jan 2022 starts at 6.70% p.a. for a maximum tenure of 30 years.
  • The processing fee on HDFC housing loans is Minimum ₹ 3,000 . Check Best Offers.
  • HDFC offers a special discount of -0.05% on interest rates for women borrowers.
Loan AmountHDFC Home Loan Floating RateRate for Female Borrower
Upto ₹ 20 Lakh6.70%6.75%
₹ 20 Lakh - ₹ 70 Lakh7.05%7.00%
₹ 70 Lakh - ₹ 2 Cr7.05%7.00%
Above ₹ 2 Cr7.15%7.10%
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HDFC Home Loan Rate

HDFC offers home loans to both salaried individuals and self-employed at a minimum rate starting at 6.70% up to 8.20%. Apart from the interest rate, the bank also has various other charges such as HDFC processing fee - that is charged over and above the loan amount, is non-refundable and has to be paid at the time of loan application and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

HDFC Home Loan Processing Fee and Other Charges

HDFC charges a minimum processing of ₹ 3,000 on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees minimum processing fee of ₹ 3,000
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest rates on HDFC Home Loans Schemes

HDFC offers a housing loan interest rate at 6.70%. If you want to avail of the home loan at the lowest rates, you should have a good CIBIL score, debt-income ratio and repayment capacity. In addition, HDFC home loan interest rates are lower for existing customers of the bank and individuals who are working with reputed corporations with a stable employment history.

Below-mentioned are HDFC home loan rates for multiple housing schemes.

HDFC Home Loan Scheme Interest Rates
HDFC Home Loan Floating6.70% - 7.25%
HDFC Home Extension Loan6.95% - 7.85%
HDFC Home Improvement Loan6.95% - 7.85%
Rural Housing Finance Floating7.00% - 8.70%
Plot Loan Floating7.05% - 7.95%
HDFC Home Loan Top Up7.60%
HDFC Short Term Bridging Loan7.90% - 8.40%

HDFC Home Loan Interest Rate for Salaried and Self-Employed

The home loan interest rates in HDFC for salaried and self-employed is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 20 Lakh 6.70%
₹ 20 Lakh - ₹ 70 Lakh 7.05%
₹ 70 Lakh - 2 Cr 7.05%
Above ₹ 2 Cr 7.15%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 20 Lakh 6.95%
₹ 20 Lakh - ₹ 70 Lakh 7.20%
₹ 70 Lakh - 2 Cr 7.30%
Above ₹ 2 Cr 7.30%

HDFC Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount HDFC Home Loan Rate For Women HDFC Home Loan Rate For Govt Employee
Upto ₹ 20 Lakh 6.75% 6.70%
₹ 20 Lakh - ₹ 70 Lakh 7.00% 7.05%
₹ 70 Lakh - 2 Cr 7.00% 7.05%
Above ₹ 2 Cr 7.15% 7.15%

HDFC Home Loan Balance Transfer Interest Rates

HDFC home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to HDFC at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, HDFC offers the loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate HDFC
Maximum Annual Percentage Rate (APR) 6.7% to 8.2%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 5 Years to 30 Years
  • HDFC Home Loan Interest Rate: 6.70% to 8.20%
  • Processing Fee payable to: NIL
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 645 for 30 Years ₹ 1,00,000 loan at 6.70% (lowest rate, longest time period) to ₹ 2,037 for 5 Years ₹ 1,00,000 loan at 8.20% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 6.7% to 8.2%
  • Total cost payable over loan tenure: ₹ 1,17,960 for 5 Years loan to ₹ 2,32,301 for 30 Years loan


Has HDFC reduced home loan rates?

As per the current rates, HDFC has cut its home loan rates by 0.05% from 6.75% to 6.70%, which is one of the best rates in the market. The new rates are effective from 04 May, 2021.

Why should I opt for balance transfer to HDFC?

HDFC offers lowest Home Loan EMI of ₹ 645 per lakh availed at the lowest interest rate 6.70% for a maximum tenure of 30 years. If you are paying an EMI more than ₹ 645 per lakh, you should consider the option for a loan transfer to HDFC from your existing bank. Current HDFC balance transfer rate is 6.50%.

Which is better for Home Loan HDFC or SBI?

The lowest SBI Home Loan rate is 6.70%, while that of HDFC is 6.70%, which makes SBI Home Loan a better choice as per current rates. However, apart from interest rates, one must take into account other factors like charges, service and turnaround time as well to decide the best choice of bank. If you are looking for a quick loan with convenient service, HDFC will score better. If you are looking for a loan from a government bank, then SBI is a better option.

How much margin would I have to pay on loan?

S. NO. Loan Amount Margin
1Up to ₹ 30 Lacs10%
2Above ₹ 30 Lacs to upto ₹ 75 Lacs20%
3Above ₹ 75 Lacs25%

Do I need a co-applicant to apply for a house loan? If yes, who can be a co-applicant for my 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 ₹ 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 ₹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 ₹ 35 lakhs.

Can HDFC housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with HDFC to lower the home loan rates. Apart from the home loan rates, you can also negotiate over the processing fee.

Can HDFC revise the home loan interest rates for their existing customers?

Yes, HDFC offers concessional rates to the existing customers, and you can negotiate with the bank to offer you the revised home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does HDFC offer a concessional home loan interest rate for women?

Yes, HDFC offers special home loan interest rates for women. As against HDFC home loan rates for male which is 6.70%, the home loan interest rate for women starts at 6.75%.

What is the HDFC home loan rate of ₹ 25 Lakh for 15 years?

For home loan upto ₹ 25 Lakh, HDFC provides home loan interest rate starting at 6.70%. However, you can get the lowest rates if you have a good relationship with the bank, work with top corporations, have a good CIBIL score and have stable income sources.

At what interest rate does an HDFC employee get a home loan?

HDFC offers concessional home loan rates of about 1% than the current home loan rates to HDFC employees.

Is HDFC home loan a floating rate loan or fixed-rate loan?

HDFC home loan is offered at both fixed and floating rates. In the case of the fixed-rate, the interest remains the same throughout the tenure. On the other hand, the home loan rates vary as per the market fluctuations for floating home loan rates.

What is the HDFC home loan rate today ?

HDFC home loan rate today is in the range of 6.70% to 8.20%.The bank also charges a processing fee of upto Minimum ₹ 3,000 of the home loan amount.

How much interest does HDFC take on home loans?

The rate of interest on HDFC home loans varies based on your eligibility, such as CIBIL score, age, repayment capacity, income etc. However, HDFC home loan current interest rate 2021 are in the range of 6.70% to 8.20%.

HDFC Home Loan Reviews 4.5/5  by 416 customers
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Banks Service
Reviewed on 01st Dec 2021
4 / 5 stars
HDFC Home Loan Availed in Nov 2021

Good support and help to take best interest rate on the home loan.Read more...

Ankit, Ghaziabad
Reviewed on 11th Nov 2021
5 / 5 stars
HDFC Home Loan Availed in Nov 2021

Great experience with the services. Highly recommended.

Shyam, Hyderabad
Reviewed on 21st Oct 2021
5 / 5 stars
HDFC Home Loan Availed in Oct 2021

Happy with your service.
Thanks for all your support.

Mukul, Pune
Reviewed on 21st Oct 2021
4 / 5 stars
HDFC Home Loan Availed in Oct 2021

Good experience with both bank as well as MyLoanCare.

Reviewed on 01st Oct 2021
5 / 5 stars
HDFC Home Loan Availed in Sep 2021

Very good response. I got call from HDFC Bank and my loan got approved. Thank you MyLoanCare.Read more...

Sundar, Tuticorin
Reviewed on 30th Aug 2021
5 / 5 stars
HDFC Home Loan Availed in Aug 2021

Good I like the way he approached me. Bank service also so excellent. They provided me loan within Read more...

Madhusudhan, Hyderabad
Reviewed on 27th Aug 2021
4 / 5 stars
HDFC Home Loan Availed in Aug 2021

Thank you for the support much appreciated. Thank you again.Read more...

Ardhendu, Angul
Reviewed on 26th Aug 2021
4 / 5 stars
HDFC Home Loan Availed in Aug 2021

Good service but little bit slow, but nice service.

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HDFC Home Loan News - Jan 2022
  • 2022-01-04 : HDFC Assigns Loans Amounting to ₹27,591 Crore
    Housing Development Finance Corporation Ltd has assigned loans amounting to ₹27,591 Crore in the last year. The loans were ₹7,468 crores as compared to ₹7,076 crores in the corresponding quarter of the previous year.
  • 2021-11-02 : HDFC Bank Net Profit Rises By 32 Percent
    HDFC reported a 32 percent year-on-year (YoY) rise in net profit at Rs 3,780.5 crore. The lenders total revenue from operations rose 4.1 percent on-year to Rs 12, 215.95 crore in the quarter. The assets under management stood at Rs 5.97 lakh crore at the end of the September quarter as against Rs 5.40 lakh crore in the year ago quarter.
  • 2021-10-27 : HDFC Ties with India Post Payments Bank for Home Loans HDFC
    India Post Payments Bank and HDFC have announced a strategic alliance to offer home loans. According to this, HDFC bank will handle credit, technical and legal appraisals, processing and disbursements for all home loans. On the other hand, IPPB will be responsible for sourcing loans.
  • 2021-10-18 : HDFC Bank Posts 17.2 Percent Profits In Q2
    Private sector bank, HDFC Bank has posted a 17.6 percent rise in net profit at Rs 8,834.3 crore in the second quarter ended September 30, 2021. The lender had posted a net profit of Rs 7,513.1 crore in Q2 of 2020.
  • 2021-09-21 : HDFC Bank Introduce Festival Bonanza Offer
    HDFC Bank has come up with a festival bonanza offer which is valid till October 31, 2021. The lender has cut home loan interest rate to 6.70%, the special rate is linked to borrowers credit score.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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