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HDFC Bank Home Loan Interest Rates 2025

By Mayashree Acharya

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Updated on: Jan 8th, 2025

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7 min read

HDFC Bank presents a convenient way to fulfil your dream of owning a house with HDFC Bank home loan. With the home loan amount being up to 90% of the property value, the interest rates ranging from 8.70% p.a. - 10.05% p.a., and considering the falling property prices, HDFC provides you with great home loan plans helpful towards building the house of your dreams. 

In this article, we will cover all possible questions related to HDFC Bank Home Loan.

Highlights of HDFC home loan interest rates

HDFC Home Loan Amount 

Up to 90% of property value

HDFC Housing Loan Interest Rate

8.70% p.a. - 10.05% p.a. 

Loan Tenure

Up to 30 years

Processing Fees

Up to 1.50% of the loan amount

Foreclosure Charges

NIL

HDFC Home Loan Interest Rates for Women 

Concession is given for women in many loan schemes 

Current HDFC Bank home loan interest rates 

Home Loan Scheme

Interest Rates (p.a.)

Home Loan

8.75% p.a. to 9.95% p.a.

Plot loans 

8.75 to 9.95

Rural housing loans 

9,40 to 10.75%

Home renovation loan

8.75 to 9.95%

Home extension loan

8.75 to 9.95%

Top up loan 

9.05% to 10.05%

Comparison between SBI home loan interest rates with other banks

Banks

Home Loan Interest Rates

State Bank of India

8.50% p.a to 10.45% p.a

Axis Bank

8.75% p.a to 9.15% p.a

Bank of Baroda

From 8.4% p.a

Punjab National Bank

From 8.50% p.a

HDFC Bank Limited

8.70% p.a. - 10.05% p.a. 

ICICI Bank

9.25% onwards

Citi Bank

From 7.45% p.a

LIC Housing Finance

8.50%-10.35%

Kotak Mahindra Bank

From 8.70% p.a.

Federal Bank

10.15% p.a. - 10.20% p.a.

Top home loan schemes of HDFC Bank

Loan Scheme

Particulars

Home Loan

With HDFC bank’s home loan, you can have a place you call your own, personalized to your dreams and needs, and make it a reality.

Plot loans 

HDFC bank’s plot loans helps you to acquire a plot of land of your own, helping you take the first step to building your own dream home.

Rural housing loans 

HDFC’s rural housing loans fit the needs of salaried and self-employed individuals who wish for a space of their own in their village or hometown.

Home renovation loan

With HDFC’s home renovation loans, you can upgrade your current home to a better space for you and your family to live in. 

Home extension loan

With HDFC’s home extension loans, you receive the financial support needed to extend your home as your family’s needs evolve.

Top up loan 

With HDFC’s home loan top up, you can celebrate your personal and professional achievements and milestones. 

HDFC home loan interest rate for government employees

HDFC Bank offers home loans for government employees with an interest rate of 6.90% p.a. And a repayment tenure ranging from 5-20 years. The applicant must be a government employee with a minimum age of 21 years and a steady source of income. They must also have documents which include their identity proof, address proof, income proof and property documents.

HDFC home loan interest rate for women

Women applicants are offered several concessions and benefits to promote homeownership, with a reduction in interest rates ranging from 0.05% to 0.1%, and a reduced stamp duty rate ranging between 1% and 2%. Additionally, they can claim tax deductions of up to ₹2 lakh on interest paid on home loans and up to ₹1.5 lakh on principal repayment under Sections 24(b) and 80C of the Income Tax Act. 

Government initiatives like the Pradhan Mantri Awas Yojana (PMAY) further support women by offering preference to them, often requiring women to be co-owners of the property, and providing a 6.5% subsidy on home loan interest rates. 

Features and benefits of HDFC Bank home loan

  • Easy and transparent process; no hidden charges.
  • Pre-approval of home loan available.
  • Free and safe document storage.
  • Competitive interest rates.
  • Variety of loan options, such as home loan, home improvement loan (HIL), home extension loan (HEL).
  • Set standing instructions with the bank to directly repay your home loan monthly instalments from your HDFC Bank savings account.
  • Different offerings for people, such as agriculturists, planters, horticulturists, dairy farmers.
  • Flexible loan repayment options available.

Who is eligible for HDFC Bank home loans?

  • Resident and non-resident Indians
  • Individuals aged between 18 to 70 years
  • Salaried individuals
  • Self-employed individuals, including doctors, lawyers, chartered accountants, architects, consultants, engineers, traders, commission agents, contractors, etc
  • Agriculturists, including farmers, planters, horticulturists, dairy farmers, etc

Documents required for HDFC Bank home loans

Identity and residence proof documents:

  • PAN card
  • Passport
  • Driving license
  • Voter ID
  • Job card issued by NREGA
  • Letter issued by the National Population Register
  • Aadhaar card

Income documents:

  • Last 6 months’ bank statements
  • Latest Form-16 and IT returns
  • Last 3 months’ salary slip in case of salaried individuals
  • Last 2 years balance sheet and profit and loss account statements in case of self-employed individuals
  • Last 12 months' current account statements of the business entity in case of self-employed individuals 

Property documents:

  • Copy of the allotment letter or buyer agreement in case of new house purchase
  • Title deeds including the previous property documents in case of purchase of an old house
  • Title deeds of the Plot in case of construction of a house
  • Proof of no encumbrances on the property in case of construction of a house

Other documents:

  • Own contribution proof
  • Last 6 months bank statements showing repayment of any ongoing loans
  • Passport size photograph
  • Cheque for processing fee favoring HDFC Bank

Fees and charges

Here are processing fees and charges for HDFC Bank home loan schemes:

Home Loan 

Processing Fees and Charges

Fees for resident housing loan, extension, house renovation loan, refinance of housing loan or plot loans for housing for salaried and self-employed professionals

Upto 0.50% of the loan amount or Rs. 3,300, whichever is higher

Fees for resident housing loan, extension, house renovation loan, refinance of housing loan or plot loans for housing for self employed non-professionals.

Upto 1.50% of the loan amount or Rs. 5,000, whichever is higher

Fees for NRI loans

Upto 1.50% of the loan amount or Rs. 3,300, whichever is higher

Home loan EMI calculator

The loan amount is usually high and is generally taken for a longer tenure upon which a rate of interest is levied. An important tool like the HDFC home loan EMI calculator is, therefore, much needed to help you evaluate and plan your budget.

HDFC home loan interest rate history

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Frequently Asked Questions

How can I get a pre-approved loan before selecting the property?

Your eligibility for getting a home loan and the estimate on loan amount is provided based on your current monthly net income and the actual EMIs you have been currently paying. You will get an estimate on how much loan amount you are eligible for.

Based on this estimate, you may select a property within the range of the loan amount. The actual loan amount may then be decided based on other factors, such as the property location, current market value, future value, and more.

How are the interest rates differentiated among salaried and self-employed applicants?

As of now, the interest rates have been the same both for salaried and self-employed applicants. However, the rates are subject to change from time to time, based on several factors.

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About the Author
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Mayashree Acharya

Senior Content Writer
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I am an advocate by profession and have a keen interest in writing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes. I put words in a simplified manner and write easy-to-understand articles. Read more

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