HDFC Home loan
HDFC Home loan

HDFC Home Loans: Competitive Rates, Streamlined Process

HDFC Bank, one of India’s leading lenders, offers home loans through HDFC Ltd. Here’s a breakdown of key details to consider if you’re exploring HDFC Home Loans:

Interest Rates and Eligibility

As of March 24, 2024, HDFC home loan interest rates start from 8.70% p.a. However, the actual rate you qualify for depends on various factors like your credit score, loan amount, employment status, and chosen loan scheme. HDFC offers various home loan options, including loans for purchase, construction, and balance transfer. Eligibility requirements and applicable interest rates may vary depending on the chosen scheme.

Streamlined Application Process

HDFC allows applying for a home loan online through their website. They also have a network of branches across India for in-person assistance. The application process typically involves submitting documents like identity proof, address proof, income proof (salary slips or bank statements), and property-related documents.

Additional Services

HDFC offers a home loan EMI calculator on their website, which can help you estimate your monthly payments based on the loan amount, interest rate, and tenure. They might also provide value-added services like property verification and legal assistance, subject to additional charges.

Things to Consider

It’s important to compare rates and features offered by different lenders before finalizing an HDFC home loan. Here are some additional factors to keep in mind:

  • Processing Fees: HDFC charges processing fees for home loans, which typically range from 0.5% to 2% of the loan amount.
  • Prepayment Charges: HDFC may levy charges if you prepay your home loan entirely or partially before the end of the loan term.
  • Loan-to-Value Ratio (LTV): The LTV determines the maximum loan amount you can get relative to the property’s value. HDFC’s LTV may vary depending on the loan scheme and your profile.


HDFC Home Loans offer competitive interest rates and a convenient application process. However, it’s crucial to carefully consider all the terms and conditions, including processing fees, prepayment charges, and the LTV ratio, before making a decision. Comparing rates from various lenders is essential to ensure you get the most suitable home loan deal for your needs.

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