HDFC Home Loan Interest Rates

HDFC Home Loan Interest Rates

For people wishing to buy their dream homes, HDFC offers appealing home loan interest rates starting at 8.70% p.a. These rates are affordable and offer enticing financing alternatives for terms ranging up to 30 years. The loan amount can cover up to 90% of the property value, subject to certain criteria. Women candidates qualify for interest rates starting at 8.65% p.a., which is much more attractive. It’s important to note that HDFC evaluates applicants’ creditworthiness and needs a credit score of 720 or higher to provide loans.

HDFC Home Loan Interest Rates of Different Schemes in May 2025

Here are the interest rate ranges for different home loan schemes offered by HDFC:

HDFC Offers Various Types of Home Loans – A Detailed Overview

HDFC provides a wide variety of home loan types to fit different needs:

Home Loan

The Home Loan is a home loan that is available to both salaried and self-employed individuals who are looking to purchase their very own housing property.

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility:
  • Age: 21 – 65 years
  • Cibil Score: Minimum credit score must be 720.
  • Employment Type: Salaried or self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: 1 Lakh – 10 Crores
• Interest Rate: 8.70% to 9.55%
• Processing Fees: 1% of the loan amount

Plot Loan

Plot Loan is a home loan product provided by HDFC that caters to both salaried and self-employed individuals who are looking forward to purchasing their residential property.

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility:
  • Age: 21 – 65 years
  • CIBIL Score: Minimum credit score must be 720.
  • Employment Type: Both salaried and self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: 1 Lakh – 10 Crores
• Interest Rate:  8.70% – 9.55%
• Processing Fees: 1% of the loan amount

Rural Housing Loans

Rural Housing Loans is a home loan that is available to both salaried and self-employed individuals who are looking to purchase their very own housing property. This home loan plan with flexible repayment options for you to be one step closer to purchasing your residential property.

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility:
  • Age: 21 – 65 years
  • Cibil Score: Minimum credit score must be 720.
  • Employment Type: Salaried or self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: 1 Lakh – 10 Crores
• Interest Rate:  9.40% to 10.75%
• Processing Fees: 1% of the loan amount

Home Renovation Loans

Home Renovation Loan is a home loan product provided by HDFC that caters to both salaried and self-employed individuals who are looking for a more premium experience while trying to purchase their residential property.

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility:
  • Age: 21 – 65 years
  • CIBIL Score: Minimum credit score must be 750.
  • Employment Type: Both salaried and self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: 1 Lakh – 10 Crores
• Interest Rate: 8.70% to 9.55%
• Processing Fees: 1% of the loan amount

Home Extension Loans

The Home Extension Loan is a home loan that is available to both salaried and self-employed individuals. This plan is very similar to the Gold Home Loan plan, however with a higher interest rate and with a higher upper limit on the amount and a longer repayment window.

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility:
  • Age: 21 – 65 years
  • Cibil Score: Minimum credit score must be 750.
  • Employment Type: Salaried or self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: 1 Lakh – 10 Crores
• Interest Rate: 8.70% to 9.55%
• Processing Fees: 1% of the loan amount

HDFC Home Loan Interest Rates for Women

To make home loans more affordable for women who apply, HDFC offers reduced interest rates and reductions in processing expenses.

Disclaimer: The interest rates stated are merely examples and could vary. However, female candidates can still take advantage of these advantages to get a mortgage with a favourable interest rate.

HDFC Home Loan Interest Rates for Self-Employed

HDFC Bank offers home loans to self-employed individuals. The interest rates for self-employed individuals are slightly higher than those for salaried individuals.

HDFC Home Loan Interest Rates for Salaried

Salaried individuals are welcome to take advantage of HDFC’s alluring interest rates, which depend on their credit scores.

HDFC Home Loan Interest Rates for NRI

HDFC provides competitive interest rates for home loans catering to NRIs.

Unique Benefits and Features of HDFC Home Loan

• Attractive interest rates: HDFC Home Loan offers attractive interest rates based on the MCLR, which are reevaluated and subject to change regularly. You can reduce your monthly EMI costs by doing this.
• Long repayment term: The HDFC Home Loan’s prolonged repayment term lowers monthly EMIs because EMI amounts decrease with longer repayment terms. It’s crucial to keep in mind, though, that larger overall interest payments result from a longer tenure.
• Relaxed documentation: Documentation requirements are simplified for HDFC Home Loans, simplifying the application procedure. While collateral or third-party guarantees are not required, basic documents like a PAN card, passport, and pay stubs are.
• Benefits for Female Applicants: HDFC offers unique advantages to female applicants, including reduced interest rates and processing cost exemptions. These benefits are designed to make homeownership more affordable and accessible for women, enabling them to fulfil their home aspirations.
• Curated Loan Options for Self-Employed Applicants: HDFC recognises the unique financial needs of self-employed people and offers specialised home loan choices that cater to their needs. These personalised loan alternatives consider the particular needs and preferences of self-employed people, ensuring that they have access to the right kinds of finance.

How to Apply for a Home Loan at HDFC?

HDFC Home Loan Eligibility Criteria

To be eligible for an HDFC Home Loan, applicants must meet certain criteria:

• Income Criteria: Applicants must establish their ability to repay the loan with a steady and predictable income to be approved for one. For various loan amounts and localities, HDFC establishes certain income criteria, often beginning at a minimum of Rs. 25,000.
• Credit Score: The borrower’s credit score is important since it indicates how creditworthy they are. When determining a candidate’s eligibility for a house loan, HDFC considers their credit score.
• Age Criteria: For those requesting house loans, HDFC sets both a minimum and a maximum age restriction. In general, the minimum age requirement is 21, while the maximum age limit varies depending on the loan tenure selected.
• Employment Type: By taking into account the applicant’s employment status—salaried or self-employed—HDFC assesses their stability and repayment capabilities. This evaluation aids HDFC in determining the applicant’s financial stability and capacity to make loan repayments.
• Loan Amount Eligibility: The value of the asset being financed and the borrower’s ability to repay the loan are just two of the many variables that affect an applicant’s eligibility for a particular loan amount. The maximum loan amount that the applicant is eligible for is decided after taking into account these variables.

Documents Required for HDFC Home Loan

Applicants need to submit the following documents when applying for an HDFC Home Loan:

• Proof-of-Identity: Valid documents like an Aadhaar card, PAN card, passport, or voter ID are necessary to establish the applicant’s identity.
• Proof-of-Address: Documents like an Aadhaar card, utility bills, or rental agreement are needed to verify the applicant’s residential address.
• Proof-of-Age: Documents like a birth certificate, school leaving certificate, or any other valid document that confirms the applicant’s age are required.
• Income-Proof: HDFC mandates income proof to evaluate the applicant’s repayment capacity. This may include salary slips, income tax returns, bank statements, or other relevant documents.
• Property-related Documents: Documents about the property being financed, such as the agreement, title deed, NOC from the builder, and property valuation reports, are necessary for verification purposes.

HDFC Home Loan EMI Calculator – How to Calculate HDFC Home Loan EMI?

To calculate your HDFC home loan EMI, use the following formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Where:

• P = Loan amount
• R = Interest rate per month
• N = Loan tenure in months

HDFC Home Loan Interest Rates for the Last 10 Years

HDFC Home Loan Interest Rate Compared to Other Banks | 2025

NoBroker Lowest Home Loan Rates

Here is the table for NoBroker’s lowest home loan rates:

Factors that Affect HDFC Home-Loan Interest Rate

• CIBIL score: Your CIBIL score is a measure of your creditworthiness. A higher CIBIL score indicates that you are a good borrower and are less likely to default on your loan. As a result, you will be offered a lower interest rate.
• Loan amount: The loan amount is the total amount of money that you are borrowing. The larger the loan amount, the higher the interest rate will be.
• Loan tenure: The loan tenure is the period over which you will repay the loan. The longer the loan tenure, the higher the interest rate will be.
• Property type: The type of property that you are buying can also affect the interest rate. For example, a loan for a residential property will have a lower interest rate than a loan for a commercial property.
• Lender’s risk appetite: If the lender perceives the loan as being riskier, they will charge a higher interest rate.
• Market conditions: The current market conditions can also affect the interest rate on an HDFC home loan.

Tips for Lower-Interest HDFC Home Loans

• A good credit score: Ensure timely payment of bills and keep your credit utilisation ratio low to maintain a favourable credit score.
• Opt for shorter tenures: Selecting a shorter loan tenure can potentially lead to lower interest rates.
• Compare schemes and interest rates: Conduct thorough research and compare the various home loan schemes and interest rates offered by HDFC to identify the most suitable option for you.
• Making a higher down payment: Making a higher down payment reduces the loan amount, resulting in a lower interest burden.
• Accurate documentation: Ensure that all required documents are precise and complete to avoid delays and increase the likelihood of securing a lower interest rate.
• Build a relationship with the bank: Establishing a positive relationship with the bank, such as maintaining accounts or investments, may aid in negotiating better interest rates.

The interest rates on HDFC’s home loans are competitive and start at 8.40% p.a. To meet a variety of consumer needs, they offer appealing programes for women, self-employed people, salaried employees, and NRIs.

HDFC provides adaptable options whether you’re trying to transfer your current loan or purchase a new home. Submit your application right away to take advantage of the current low HDFC home loan interest rates. Visit NoBroker Home Loan Services for more details.