HDFC Limited Home Loan Interest Rate

What Other Fees & Charges are Applicable?

Various charges apply on HDFC home loans to self-employed professionals, salaried applicants, and self-employed non-professionals.

Which HDFC Home Loan Scheme is Right for You?

HDFC Ltd. brings a plethora of housing loan schemes for self-employed and salaried individuals. The following schemes can be availed of by eligible applicants –

1. HDFC Home Loan

• It is ideal for purchasing properties, flat, row house, and bungalow from various development authorities

• It is available for only Indian residents

• Special interests concessions are available for women applicants

• The loan can be borrowed to finance up to 90% of your property value

2. HDFC Rural Housing Loan

• Ideal for planters, agriculturists, dairy farmers, and horticulturists who want to buy a residential property in urban or rural areas

• Loan by agriculturists are not subjected to IT returns

• Agriculturists can opt for a longer tenure of repayment (up to 20 years)

3. HDFC Plot Loan

• No hidden fees

• Loans available for the purchase of a new plot or resale plot

• Tailor-made repayment options

4. HDFC Home Improvement Loan

• Loan available for home renovations

• Both existing and new customers can avail of it

• Interest rates are similar to regular home loan rates

5. HDFC Reach Loans

• Available to self-employed applicants with Rs. 2 lakh annual income and salaried individuals with at least Rs. 10,000 as their monthly income

• Loans available for purchasing a plot

• Loans available for construction of homes

6. HDFC Top Up Loans

• Maximum loan amount of Rs. 50 lakh

• Available for personal and professional needs

• Can be applied after a year of the final disbursement of any existing housing loan

7. HDFC Home Extension Loans

• Maximum 20-year tenure

• Available for extending or adding space to your property

• Lower rates for women applicants

8. HDFC NRI Home Loans

• Specifically formulated for NRIs

• Available for purchase of flat or property

• You can get advisory services for home loans in your residing country

9. HDFC Balance Transfer Loans

• You can transfer any existing home loan to HDFC

• You can avail of an additional top-up of Rs. 50 lakh

• Customized repayment alternatives

10. HDFC PMAY

• Available for Lower Income Group (LIG), Middle Income Group (MIG), and Economical Weaker Section (EWS)

• Maximum loan tenure of 20 years

• The PMAY CLSS allows you to save around Rs. 2.67 lakh

How to Calculate HDFC Home Loan EMI?

Take the following steps to calculate the EMI on your HDFC home loan:

Step 1: Visit the Magicbricks home loan EMI calculator site

Step 2: Enter the loan amount you want to borrow

Step 3: Enter your preferred maximum loan tenure

Step 4: Fill in the correct interest rate

Step 5: Click on the 'Calculate Your EMI' option

HDFC Ltd Home Loan Eligibility Criteria

The following criteria will decide whether you are eligible for an HDFC home loan –

• Type of Resident: Indians and NRIs (Non-Resident Indians)

• Age of the applicants: 21 to 65 years

• Minimum Monthly incomes of primary home loan applicants: Rs. 15000

• Co-applicants minimum monthly income: Rs. 10,000

How to Apply for HDFC Home Loan?

• Through Magicbricks: Visit the official Magicbricks website and navigate to your preferred home loan institution.

• Through HDFC Ltd. Portal: Fill up the loan form on the official portal of HDFC. You can also track your application status via this portal.

• Through an HDFC branch office: Visit your nearest HDFC branch to avail of home loans.