Highlights
- HDFC Bank home loan interest rates starting from 8.50%*.
- HDFC Bank home loan rates for balance transfer.
HDFC Bank Home Loan interest rates are one of the best in the market. The rates differ according to the loan amount, as well as the gender and profession of an individual. Besides rates, HDFC Bank also provides higher loan amount and flexible repayment options. All this and more makes it one of the best home loans in India. Check the details below and apply for it today online.
HDFC Bank Home Loan Interest Rates November 2024 (For Regular Home Loans)
| Particulars | Details |
|---|---|
| Home Loan Interest Rate | 8.50% - 9.40% |
| Loan Amount | Customized |
| Loan Tenure | Up to 30 years |
| Processing Fees | For Salaried & Self Employed Professionals - INR 3,000 + GST For Self Employed Non Professionals - INR 5,000 + GST |
| Prepayment Charges | 0% |
HDFC Bank Home Loan Interest Rate Offers
The standard Bank HDFC home loan rates for salaried, self-employed professionals and non-professionals are shown below.
Salaried and Self-employed Professionals
| Loan Slab (In INR) | Home Loan Interest Rates (In Per Annum) |
|---|---|
| Women - Upto 30 Lakh | 8.50% - 9.40% |
| Others - Upto 30 Lakh | 8.50% - 9.40% |
| Women - 30.01 Lakh - 75 Lakh | 8.50% - 9.40% |
| Others - 30.01 Lakh - 75 Lakh | 8.50% - 9.40% |
| Women - 75.01 Lakh and Above | 8.50% - 9.40% |
| Others - 75.01 Lakh and Above | 8.50% - 9.40% |
Self-employed Non-professionals
| Loan Slab (In INR) | Home Loan Interest Rates (In Per Annum) |
|---|---|
| Women - Upto 30 Lakh | 8.50% - 9.40% |
| Others - Upto 30 Lakh | 8.50% - 9.40% |
| Women - 30.01 Lakh - 75 Lakh | 8.50% - 9.40% |
| Others - 30.01 Lakh - 75 Lakh | 8.50% - 9.40% |
| Women - 75.01 Lakh and Above | 8.50% - 9.40% |
| Others - 75.01 Lakh and Above | 8.50% - 9.40% |
Disclaimer – Home Bank Loan Interest Rates of 8.50% * onwards. All loans are at the sole discretion of HDFC Bank.
HDFC Bank Plot Loan Interest Rates
You can buy a plot to construct a home on the same. Doesn’t matter whether you are salaried or self-employed, you can get this loan from HDFC Bank. The interest rates are segregated according to the profession and gender of individuals across different loan amounts. Let’s check out.
| Loan Amount (In INR) | Salaried (Female) | Salaried (Others) | Self-employed (Female) | Self-employed (Others) |
|---|---|---|---|---|
| Upto 30 Lakh | 8.50% - 9.40% | 8.50% - 9.40% | 8.50% - 9.40% | 8.50% - 9.40% |
| Above 30 Lakh-75 Lakh | 8.50% - 9.40% | 8.50% - 9.40% | 8.50% - 9.40% | 8.50% - 9.40% |
| Above 75 Lakh | 8.50% - 9.40% | 8.50% - 9.40% | 8.50% - 9.40% | 8.50% - 9.40% |
HDFC Bank Top-up Loan Interest Rates
Top-up loan is an amount you get over the running outstanding loan or the loan refinanced from other institutions. The rates for the same are illustrated below.
| Loan Slab | Interest Rate (In Per Annum) |
|---|---|
| Top-up on Existing Home Loan | 8.75%-9.40% |
| Top-up for Simultaneous Loans | 8.50% - 9.15% |
Rural Housing Loan Interest Rates
Seeking funds to buy a plot, a new or an under-construction house in a rural area? You can get the same from HDFC Bank as part of its rural housing finance scheme. The rates for the same are shown below across different loan amounts.
| Loan Quantum (In INR) | Women | Others |
|---|---|---|
| Upto 30 Lakh | 8.50%-10.20% | 8.50%-10.20% |
| Above 30 Lakh-75 lakh | 8.50%-10.20% | 8.50%-10.20% |
| Above 75 Lakh | 8.50%-10.20% | 8.50%-10.20% |
HDFC Bank Home Loan Interest Rate Calculator
A loan EMI calculator or interest rate calculator is one and the same thing. It is a housing loan calculator that tells the monthly EMI, the total interest rate outgo, and the total payment (interest + principal) by taking into account the interest rate, the loan amount and the tenure of the loan which is being taken. You can check the details in just a few minutes.
HDFC Bank Home Loan Interest Rate for Existing Customers
The home loan interest rate offered by HDFC Bank on home loans are calculated after deducting a certain percentage from the RPLR, the loan pricing benchmark adopted by the lender. Any fluctuation in RPLR is going to impact both new as well as existing borrowers.
HDFC Bank Home Loan Interest Rate Conversion
The existing home loan customers of HDFC Bank can opt for interest rate conversion facility, wherein the customers can ask the bank to reduce the applicable interest rate. The customer needs to pay a nominal conversion fee @0.50%-1.75% of the principal outstanding.
HDFC Bank Home Loan Balance Transfer Interest Rates
Both salaried as well as self-employed individuals can opt for balance transfer (BT) facility, wherein the applicants can transfer their outstanding home loan from another bank/NBFC to HDFC Bank. With the option of BT, customers can enjoy paying the loan at a lower rate. Not only this, HDFC Bank also offers an additional Top-Up loan of up to INR 35 Lakh for those availing BT. However, while availing the same, the applicants also need to pay a one-time processing fee, which can be 0.50% of the principal outstanding, to HDFC Bank. So, if you are also looking for the options where you can switch, apply for HDFC Bank home loan now!
Frequently Asked Questions
1. How much HDFC Bank home loan can I get based on my income?
The amount of a loan you can acquire based on your income is determined by your repayment capacity, which is determined by factors such as age, number of dependents, education, current liabilities, credit history, and so on.
2. What determines my HDFC Bank Home Loan Interest Rate?
The HDFC Bank Home Loan Interest Rate can vary from one home loan option to another. However, there are certain factors that might influence the interest rate. Factors such as your overall profile, your age at the time of loan maturity, the property’s age at the time of loan maturity, along with the repayment scheme that you have opted for. All of these factors might influence your HDFC Bank home loan interest rate.
3. Is it beneficial to add a co-applicant to your HDFC Bank home loan application?
Yes, you can maximise your HDFC Bank home loan amount by adding a co-applicant to your home loan application. Moreover, having a woman co-applicant will enable you to get lower home loan interest rates.
4. What is the current HDFC Bank home loan interest rate?
Currently you can apply for HDFC Bank home loans with interest rates starting from 8.50% p.a. However, the HDFC Bank home loan interest rate varies from one home loan scheme to another.
5. Does HDFC Bank allow Home loan prepayments?
Yes, HDFC Bank allows home loan prepayments but only after paying 12 months of your HDFC Bank home loan EMIs. HDFC also offers an option to increase your EMIs every year in proportion to the rise in your income levels, which allows you to pay off your home loan faster. This option is called the ‘Accelerated Repayment Scheme’
6. What is the current HDFC Bank home loan rate?
You can avail an HDFC Bank home loan at an affordable rate of interest ranging from 8.50% p.a. to 9.40% p.a
7. Will HDFC Bank home loan rate of interest go down in 2024?
The movement of the home loan interest rates cannot be predicted, therefore the movement of the interest rate of HDFC Bank home loan cannot be committed.
8. When does the interest rate of HDFC Bank home loan change?
The HDFC Bank home loan interest rate changes on the first day of the calendar quarter i.e. at quarterly intervals along with the changes in RBI’s Repo Rate.
9. What is the interest for 1 crore loan in HDFC Bank Housing Loan?
The interest rate on a INR 1 Crore HDFC Bank home loan can range from 8.50% p.a. to 9.40% p.a. However, there are various other factors which are taken into consideration while determining the interest rate on a home loan application.
10. How can I reduce my home loan interest rate in HDFC Bank?
Selecting a floating rate of interest for a home loan can make you switch to the new HDFC Bank home loan interest rates.
11. What is HDFC Bank home loan interest rate for senior citizens?
Senior citizens can avail home loans from HDFC Bank at interest rates starting from 8.50% p.a.
12. How much home loan can a government employee get in HDFC Bank?
A government employee can apply for a home loan of either 34 times his basic pay or INR 25 lakh, whichever is less.
13. Does HDFC Bank Provide 90% Home Loan?
Yes, you can avail up to 90% of the property’s value as a home loan in HDFC Bank.
14. Is prepayment allowed in HDFC Bank home loan?
Yes, if you have surplus funds you can make prepayments in your HDFC Bank home loan.
