About HDFC Bank Home Loans

Considered the largest private sector lender in India, based on assets, HDFC Bank Ltd is a Mumbai headquartered Indian banking and financial services company that employs close to 90,000 people. HDFC Bank is a huge customer favourite when it comes to home loans because of its competitive interest rates, easy application procedure, efficient customer support, flexible loan tenures and many other attractive features. They take their market-standing very seriously and constantly work upon their products and services with new features and benefits. The bank is always found on the forefront of innovation and is regularly engaged in simplification of its practices. HDFC Bank Home loan is packed with various features, including free document storage, home loan approval even before the selection of property, guidance on property purchase and much more. Following are more details on HDFC Bank Home Loan eligibility criteria, features and charges.

Home Loan Eligibility Criteria for Salaried / Self-Employed

HDFC Bank Home Loan can be applied by all kinds of individuals including salaried people, self-employed professionals, retired persons, housewives and students, as long as they are earning a regular monthly income. You can even improve your eligibility by including a co-applicant in your application. HDFC bank essentially assesses a prospective borrower’s eligibility based on his/her income, qualification, age, spouse’s income, liabilities, number of dependents, savings history, continuity of occupation and overall stability. You can find the exact updated details related to HDFC Bank Home Loan eligibility criteria below.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

6 – 10 yearsk

Overall Employment

6 – 10 years

Tenure Current Employment

750 Points

CIBIL Score (=>)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income
(Doctors/ CA)

5 – 10 Years

Post Qualification experience a
(Doctors / CA)

5 – 10 Years

Post Qualification experience a
(CS / Architect)

750 Points

CIBIL Score (=>)

HDFC Bank Home Loan Features / Details

HDFC Bank Home loan comes in different varieties, catering to the specific needs of different borrower types. While their regular home loan can be availed for purchase of construction of a home, the Home Improvement Loan (HIL) and Home Extension Loan (HEL) are essentially meant for improving and extending an already existing home, respectively. There are specially designed home loans for different borrower types such as dairy farmers, horticulturists, planters and agriculturists. Specific and up-to-date details on HDFC Bank Home Loan features can be found below.

8.40%

Interest Rate (Min)

5 – 30 Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

HDFC Bank Home Loan Fees / Charges

All HDFC Bank Home Loans involve a processing fees of up to 0.5% of the sanctioned loan amount or INR 11,800, whichever is lower. There are no pre-closure charges or partial prepayment charges. More details on HDFC Bank Home Loan fee/charges like amortization schedule charges, duplicate document charges, late payment fee, loan cancellation charges, duplicate no objection certificate fee etc. can be found below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees