Get the lowest interest rates with HDFC Bank

Right side content - HDFC stands out as a leader in the Home Loans segment, offering competitive interest rates and flexible repayment options. Prospective borrowers can conveniently apply for an HDFC home loan online, benefiting from attractive interest rates starting from 8.70% per annum for loans up to Rs. 10 crores. With a tenure of up to 30 years, HDFC ensures simple repayment options with EMIs starting at just Rs. 762 per lakh. Additionally, the bank charges a processing fee of up to Rs. 3,000 (exclusive of taxes) for salaried and self-employed professionals, and up to Rs. 4,500 (exclusive of taxes) for self-employed non-professionals. For those engaged in plantations, agriculture, horticulture, dairy farming, and similar professions, HDFC offers a Rural Housing Loan plan tailored to fulfill aspirations of homeownership in villages or native towns.

HDFC Home Loan Interest Rates in 2024

HDFC offers home loans to its customers at an interest rate of 8.70% p.a. onwards. The HDFC bank home loan interest rate is likely to vary for different loan slabs offered by the bank. The table below enlists the various home loan slabs by HDFC bank and their respective rates of interest:

Loan Slab Interest Rate for Home Loan
Up to Rs. 30 lakh for women 8.95% p.a. to 9.45% p.a.
Up to Rs. 30 lakh for other individuals 9.00% p.a. to 9.50% p.a.
Loan between Rs. 30.01 lakh and Rs. 75 lakh for women 9.20% p.a. to 9.70% p.a.
Loan between Rs. 30.01 lakh and Rs. 75 lakh for other individuals 9.25% p.a. to 9.75% p.a.
Loan amount of Rs. 75.01 lakh and higher for women 9.30% p.a. to 9.80% p.a.

HDFC Bank Home Loan Eligibility Criteria

HDFC offers home loan facilities to customers as per their income and ability to repay the loan amount. The table below lists HDFC home loan eligibility criteria that one must meet to qualify for receiving the loan amount from the bank:

Eligibility Parameters For Salaried Individuals For Self-Employed Individuals
Age Range (in years) 21-65 21-65
Nationality Indian Resident Indian Resident
Minimum Income Earned Rs. 10,000 per month Rs. 200,000 per annum

HDFC Home Loan Processing Fee and Charges

HDFC Bank charges its customers a certain fee to cover the cost of processing their home loan application. This is known as the home loan processing fee. Given below are the HDFC home loan processing fee and home loan charges that the bank levies as part of the home loan approval process:

Processing Fee 0.5% or Rs. 3,000 (whichever is higher)
ECS Dishonour Charges Rs. 300
Provision of Documentation List Up to Rs. 500
Late EMI Payment Charges Rs. 300 + GST @18% (subject to revision)
Statutory Charges As per state-applicable laws
Cheque Bounce Charges Rs. 500 due to fund insufficiency
Rs. 350 due to funds transfer cheque return
Rs. 50 per instance for cheque return due to technical reasons
Document Retrieval Charges Rs. 75 per document set (after disbursement)
Cost of Photocopies of Title Documents Up to Rs. 500
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