HDFC Bank
HDFC Bank Home Loan Features and Benefits
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Loan Amount
HDFC Home Loan offers a wide range of loan amounts, reaching up to ₹10 Crores, catering to individuals across different financial segments and fulfilling diverse housing needs.
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Interest Rate
With interest rates starting as low as 8.7%, HDFC Home Loan provides affordability, allowing you to manage EMIs comfortably and focus on achieving your dream of homeownership.
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No Prepayment/Foreclosure Charges
HDFC Home Loan offers the freedom to make prepayments or foreclose the loan without incurring additional fees, enabling you to reduce interest costs and clear the loan sooner if desired.
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Processing Fees
The processing fee for HDFC Bank Home Loan begins at 0.50%, depending on eligibility and the chosen home loan.
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Application Process
Applying for an HDFC Home Loan is convenient and flexible. You can apply online from the comfort of your home or visit the nearest HDFC branch for assistance.
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Flexible Tenure
HDFC Bank Home Loan offers a maximum repayment tenure of up to 30 years with flexibility to choose a tenure according to repayment capability.
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Balance Transfer Facility
For those with existing home loans at other banks, HDFC offers a hassle-free balance transfer facility, allowing you to move your loan to HDFC without prepayment charges and benefit from lower interest rates and
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Minimum Documentation
The home loan process with HDFC is simple and efficient, requiring minimal documentation to ensure a quick and smooth disbursal process.
Key Features of HDFC Home Loans
- Borrow up to ₹10 crores, enabling you to afford the property that best suits your lifestyle and needs.
- Starting at just 8.7%, HDFC Bank offers some of the most competitive rates in the market, ensuring manageable EMIs.
- Choose a repayment period up to 30 years, designed to fit seamlessly into your financial plans.
- Transfer your existing home loan to HDFC Bank hassle-free and enjoy better rates
- Prepay or foreclose your loan without incurring additional charges, giving you complete control over your finances.
- Simplified processes mean faster approvals and minimal paperwork, helping you get your loan disbursed quickly.
- Avail tax deductions on both the principal and interest components under Section 80C of the Income Tax Act, including benefits for affordable housing.
Tax Benefits on HDFC Home Loan
An HDFC Home Loan offers significant tax savings:
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Principal Repayment |
Deduction under Section 80C for up to ₹1.5 lakh |
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Interest Payment |
Deduction of up to ₹2 lakh under Section 24(b) |
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Additional Benefit |
First-time homebuyers may claim extra benefits under Section 80EEA |
HDFC Home Loan EMI Calculator
Use SuGanta’s HDFC Home Loan EMI Calculator to estimate your monthly payments. Simply enter your loan amount, interest rate, and preferred tenure, and get an immediate overview of your repayment plan.
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Tax Benefits on HDFC Bank Home Loan
The home loan borrowers can claim tax benefits on the principal and interest amount of home loan under section 80 C of the Income Tax Act. You can claim up to Rs 1.5 lakh on the principal amount and up to Rs 3.5 lakh on the interest amount. Even the stamp duty and registration charges are eligible for tax deductions. If you are planning to buy a home under the affordable housing scheme, you can claim additional tax benefits up to Rs 1.5 lakh on home loan interest under section 80EEA.
How to Apply for HDFC Bank Home Loan
You can apply for HDFC Bank home loan online on Suganta by following the given steps:
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