Hdfc Home Loan

Housing Loan

Make your dream home a reality

Interest Rate8.4% - 10% p.a.
Loan AmountUp to ₹10 Crores
TenureUp to 30 years

About Home Loan

A home loan helps you purchase, construct, or renovate your home. It's a secured loan with the property as collateral, offering the lowest interest rates among all retail loans. Long tenures up to 30 years make EMIs affordable.

Key Features

Lowest interest rates among retail loans
Tenure up to 30 years
Tax benefits up to ₹3.5 lakhs/year
Balance transfer for lower rates
Top-up loan facility
Joint loan option with spouse
Floating and fixed rate options
Home construction and renovation loans

Eligibility Criteria

Age21 - 65 years (loan should end before 70)
Minimum Income₹25,000/month (salaried), ₹3 lakhs/year (self-employed)
EmploymentMinimum 2 years work experience
Credit Score750+ CIBIL score for best rates

Documents Required

PAN Card and Aadhaar
Last 6 months salary slips
Last 2 years Form 16/ITR
Property documents
Sale agreement
Approved building plan
No Objection Certificate (NOC)
Encumbrance certificate

Fees & Charges

Processing Fee0.25% - 1% of loan amount
Prepayment ChargesNil for floating rate (individuals)
Late Payment Fee2% per month on overdue amount
Foreclosure ChargesNil for floating rate loans

Pros & Cons

Advantages
  • Lowest interest rates
  • Major tax benefits
  • Long tenure for low EMIs
  • No prepayment penalty (floating rate)
  • Build an asset while you pay
Disadvantages
  • Property as collateral
  • Long processing time
  • Extensive documentation
  • Property legal verification needed

Compare Home Loan from Banks

BankInterest Rate
HDFC Ltd8.50% - 9.40%View Details
SBI8.40% - 9.65%View Details
ICICI Bank8.75% - 9.50%View Details
Axis Bank8.75% - 9.60%View Details

Frequently Asked Questions

Generally, you can get 50-60 times your monthly income. Banks also consider your EMI-to-income ratio (should not exceed 50-60% of income) and existing loans.

You can claim deduction up to ₹2 lakhs on interest under Section 24(b) and up to ₹1.5 lakhs on principal under Section 80C. First-time buyers get additional ₹50,000 under Section 80EE.

Floating rates are generally 0.5-1% lower and have no prepayment charges. Fixed rates offer EMI stability but are higher. In the current scenario, floating rates are preferred by most borrowers.

Yes, balance transfer is common when you find lower rates. You'll need to pay processing fees but can save lakhs in interest. Ensure you've paid at least 12 EMIs before transferring.
Home Loan
  • Interest Rate8.4% - 10% p.a.
  • Loan AmountUp to ₹10 Crores
  • TenureUp to 30 years
  • Processing Fee0.25% - 1%

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Disclaimer: Interest rates and terms are subject to change. Loan approval depends on your credit profile and lender's policies. Please verify details on the official lender website before applying.