HDFC Bank offers competitive home loan interest rates, customized to suit your financial needs. With flexible repayment options, quick approvals, and attractive rates starting from as low as 8.75%*, HDFC Bank ensures your dream home is within reach. Experience transparent processes and exceptional customer service with India’s trusted banking partner.
HDFC Bank offers home loans with interest rates linked to the Reserve Bank of India's (RBI) Policy Repo Rate, currently at 6.50%. The interest rates are structured as follows:
HDFC Bank provides preferential interest rates for women borrowers to promote homeownership among women. These concessions typically offer a reduction of 0.05% (5 basis points) compared to standard rates. For instance, for loan amounts above ₹30 lakhs, the interest rate for women starts at 8.60%, compared to 8.65% for other individuals.
These rates are applicable to both salaried and self-employed individuals. The final interest rate offered may vary based on factors such as the applicant's credit score, loan amount, and tenure.
Here are some key features of HDFC Home Loan interest rates:
Note:
When it comes to purchasing your dream home, choosing the right home loan scheme is crucial. HDFC Bank, one of India’s leading financial institutions, offers a variety of home loan options that suit diverse needs. Selecting the appropriate HDFC home loan scheme requires careful consideration of your financial situation. Here’s a guide to help you select the ideal scheme based on your requirements:
Individuals with existing home loans at higher interest rates.
Transfer your home loan to HDFC for better interest rates.
Enjoy savings on EMIs and additional top-up loans.
It helps to reduce the financial burden with lower interest rates.
Individuals from economically weaker sections, low-income groups, and middle-income groups.
Subsidy on interest rates under the government’s housing scheme.
Benefits available for eligible borrowers.
The loan for those seeking affordable housing with government benefits.
Residents of rural or semi-urban areas are looking for affordable housing solutions.
Specially designed for rural housing needs.
Competitive interest rates and flexible terms.
Perfectly customized for rural residents, offering a chance to own a home.
HDFC Bank’s wide range of home loan schemes ensures that there’s an option for every borrower. Take the first step toward homeownership today by selecting the scheme that best fits your needs!
Before applying for an HDFC home loan, check the eligibility criteria like age, stable income proof, employment background, credit score, and HDFC’s approved property standards.
You can also apply for a home loan through SuGanta.com or directly visit the official website of HDFC.
Gather all the documents like ID proof, income proof, property documents, and other required documents.
HDFC offers flexible loan amounts and repayment tenures of up to 30 years. Use the HDFC Home Loan EMI Calculator to determine an EMI that suits your budget. Selecting the right combination of loan amount and tenure ensures manageable monthly payments.
Once all formalities are completed, apply for the loan. After that, all documents are checked, along with your credit score and property valuation.
After approval, the loan agreement is signed, and HDFC disburses the loan amount. Disbursement is made in one or multiple installments, depending on your property purchase agreement or construction stage.
Once all the details are verified and approved, your dream home is within reach. What are you waiting for? Start your application now!