HDFC Loan Against Property EMI Calculator

Last Updated 09th Mar 2020

HDFC Mortgage Loan EMI

27th March 2020 – RBI cuts Repo Rate by 75 bps to 4.4%

Notice: MyLoanCare team is fully functional. You can apply for Loan Against Property, check eligibility and submit documents online.

Get monthly EMI as low as Rs. 1,038 per lakh on HDFC loan against property. Mortgage loan EMI in HDFC depends upon type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate.

Loan Amount5 year loan7 year loan15 year loan
₹ 25 Lakh₹ 52,383₹ 40,732₹ 25,955
₹ 50 Lakh₹ 1,04,765₹ 81,464₹ 51,910
₹ 75 Lakh₹ 1,57,148₹ 1,22,196₹ 77,865
₹ 1 Cr₹ 2,09,530₹ 1,62,928₹ 1,03,820
HDFC Mortgage Loan Rates
HDFC Mortgage Loan Eligibility
Loan Against Property EMI Calculator
Rs.
Lowest Interest Rate
Best Offers on Loan Against Property offerOffers
Bank/NBFCs Rate* EMI Per Lakh* Action
SBI8.90%₹ 1,008Check Eligibility
Citibank8.70%₹ 996Check Eligibility
HDFC9.40%₹ 1,038Check Eligibility

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Months Balance (Rs.) Interest (Rs.) Principal (Rs.)

Loan Against Property EMI Calculator HDFC

Calculate Loan Against Property EMI of All Banks in India

Use the above quick and easy tool to easily calculate and compare monthly EMI on HDFC Loan Against Property.

How to process for Loan Against Property EMI moratorium in HDFC?

HDFC has announced that the three months loan moratorium is available for the term loans and interest of working capital loans for March to May 2020. As a borrower, you have the option to opt-in or opt-out of the moratorium by informing HDFC. The interest will continue to accrue on the principal outstanding during this moratorium and the accumulated interest would be added to the principal amount resulting in the extension of loan tenure except in cases where the tenure extension is not possible will increase EMI amount. The moratorium on payment of Loan Against Property EMI’s will not be treated as default and will not have any negative impact on the borrower’s credit score. To know more about the moratorium option, you may contact HDFC customer care or its nearest branch.

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FAQs on HDFC Mortgage Loan Calculator

Will the HDFC Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?
  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by HDFC subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).
  • In case the floating rate of interest on your loan increases, HDFC will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to the extent that the revised loan tenure is more than the maximum permissible by HDFC, the bank may increase your EMI amount.
Will Loan Against Property EMI change in case of prepayment?
  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
  • Note that HDFC may levy prepayment charges except on floating rate property loans sanctioned to individuals.
How does Loan Against Property EMI calculator, calculate Loan Against Property EMI?
  • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
  • HDFC mortgage loan calculator calculates EMI on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.
How much loan can I get against my property from HDFC?

You can avail of a maximum loan of Rs. 5 Cr, depending on the value of the property. However, the loan amount cannot be more than 50% of property value. HDFC assesses the property before approving your mortgage loan application.

Compare Loan Against Property EMI of All Banks

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HDFC Loan Against Property News - Apr 2020
  • 2020-01-08 : HDFC revised interest rates on Loan against property The interest rate for the self-occupied residential property is revised to 9.40% and the interest rate for Non- self-occupied residential property and commercial property is 9.65%. The revised rates are in effect from 6 January 2020.
  • 2019-08-14 : HDFC reduces home loan rates by 15 basis points One of the leading home loan NBFC, HDFC has revised its housing loan rates. For loan amount up to Rs. 30 Lakh, the rate has been revised to 8.40% as compared to 8.55% earlier. While for loan amount above Rs. 2 crores, has been revised to Rs. 8.80%.
  • 2019-08-01 : HDFC reduces prime lending rates on home loans by 10 bps from August Mortgage lender, HDFC has reduced its retail prime lending rate on home loans by 10 basis points effective from August 1. The new RPLR rate will be 16.75%, down from 16.85% as earlier. Following the rate cut, loans of up to Rs. 30 lakh will be offered at 8.60%. Similarly, for loans above Rs. 30 lakh and up to Rs. 75 lakh, the interest rate charged will be 8.85% and for loans above Rs. 75 lakh, the interest charged will be 8.90%. Additionally, the lender would be offering an extra 5 bps discount in each category of loans.
  • 2019-05-30 : HDFC disburses Rs. 2,300 crore as subsidy under PMAY Mortgage lender, HDFC has disbursed subsidy of more than Rs. 2,300 crore under PMAY credit linked subsidy scheme. The lender has approved Rs. 22,136 crore of home loans under credit linked subsidy scheme (CLSS) to homebuyers belonging to the economically weaker sections (EWS), low-income groups (LIG) and middle-income groups (MIG). Also, the corporation has also partnered with the Ministry of Housing & Urban Affairs and the National Housing Bank (NHB) to attain the goal ‘housing for all.’
  • 2019-05-20 : HDFC Capital launches HeART to mentor real estate technology companies HDFC Capital Advisors, a wholly-owned subsidiary of HDFC Ltd has announced the launch of a new initiative, HDFC Affordable Real Estate and Technology Program (HeART). The program will help real estate compnaies in the development of ecosystem for affordable housing to enhance the supply of affordable housing in India.
*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. Read More
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