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Rural Housing Loan Interest Rate
All rates are benchmarked to the Policy Repo Rate. Current applicable Repo Rate = 6.50%
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Special Housing Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Benefits & Features
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Key Benefits
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Key Features
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Important Notes
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Useful Links
Fees and Charges for Rural Housing Loans
| Name of the Product/Service | Amount in Rupees |
|---|---|
| Fees for Resident Housing Loan/ Extension/House Renovation Loan/ Refinance of Housing Loan/Plot Loans for Housing (Salaried, Self-Employed Professionals) | Up to 0.50% of the loan amount or ₹3000 whichever is higher plus applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹3000 plus applicable taxes/statutory levies, whichever is higher. |
| Fees for Resident Housing/Extension/ Renovation/Refinance/Plot Loans for Self Employed Non-Professionals | Up to 1.50% of the loan amount or ₹4500, whichever is higher plus applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹4500 plus applicable taxes/statutory levies, whichever is higher. |
| Fees for NRI Loans | Up to 1.25% of the loan amount or ₹3000 whichever is higher plus applicable taxes/statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or ₹3000 plus applicable taxes/statutory levies, whichever is higher. |
| Fees for Value Plus Loans | Up to 1.50% of the loan amount or ₹ 4500 whichever is higher plus applicable taxes/statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or ₹4500 plus applicable taxes/statutory levies, whichever is higher. |
| Fees for loans under HDFC Bank Reach Scheme | Up to 2.00% of the loan amount plus applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹3000 plus applicable taxes/statutory levies whichever is higher. |
| Re-appraisal of the loan after 6 months from the date of sanction | ₹2000 plus applicable taxes/statutory levies. |
| Name of Fee/Charge levied | Name of the Product/Service | Amount in Rupees |
|---|---|---|
| Delayed Instalment Payment Charge | Delayed Payment Charges | A maximum of 18% p.a. on overdue instalment amounts. |
| Incidental Charges | Expenses to cover costs | Incidental charges and expenses are levied to cover the costs, charges, expenses and other monies as per actuals applicable to a case. |
| Stamp Duty/MOD/ MOE/ Registration | Statutory Charges | As applicable in the respective States. |
| Fees/Charges levied by entities such as CERSAI | Fees/charges levied by Regulatory bodies | As per actual charges/ fee levied by Regulatory bodies plus applicable taxes/statutory levies. |
| Fees/Charges levied by such third parties such as mortgage guarantee company | Fees/charges payable to any third party(ies) whose services have been availed | As per actual fee/ charges levied by any third party(ies) plus applicable taxes/ statutory levies. |
| Name of the Product/Service | Amount in Rupees |
|---|---|
| Switch to Lower Rate in Variable Rate Loans (Housing/ Extension/ Renovation) | Up to 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of conversion or a cap of ₹50,000 plus applicable taxes/statutory levies, whichever is lower. |
| Switching to Variable Rate Loan from Fixed Rate Loan (Housing/Extension/ Renovation) | Up to 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of conversion or a cap of ₹50,000 plus applicable taxes/ statutory levies, whichever is lower. |
| Switch from Combination Rate Home Loan Fixed Rate to Variable Rate | 1.75% of the principal outstanding and undisbursed amount (if any) plus applicable taxes/statutory levies at the time of conversion. |
| Switch to Lower Rate (Plot Loans) - Variable Rate | 0.5% of principal outstanding and undisbursed amount (if any) plus applicable taxes/statutory levies at the time of conversion. |
| Switch to Lower Rate (Loans under HDFC Bank Reach)- Variable Rate | Up to 1.50% of the principal outstanding and undisbursed amount (if any) plus applicable taxes/statutory levies at the time of conversion. |
| Name of the Product/Service | Amount in Rupees |
|---|---|
| Payment Return Charges | ₹300 per dishonor. |
| Photocopy of Documents | Up to ₹500 plus applicable taxes/ statutory levies. |
| Fees on account of external opinion – such as legal/technical verifications. | As per actuals. |
| List of documents | Up to ₹500 plus applicable taxes/ statutory levies. |
| Repayment Mode Change Charges | Up to ₹500 plus applicable taxes/ statutory levies. |
| Name of Fee/ Charge levied | Amount in Rupees | |
|---|---|---|
| Custody charges | ₹1000 per month for non-collection of collateral documents beyond 60 days, from the date of closure of all loans/facilities linked to the collateral. |
| Name of the Product/Service | Amount in Rupees |
|---|---|
| A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest | For loans sanctioned to individual borrowers with or without co-applicants, no prepayment charges shall be payable on account of part or full prepayments made through any sources except when the loan is sanctioned for business purposes*. |
| B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest | For all loans sanctioned with or without co-applicants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies of the amounts being so prepaid on account of part or full prepayments except when part or full prepayment is being made through own sources*. |
Own Sources: *The expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution
Loan Processing Charges
Maximum of 1% of the loan amount (minimum PF of ₹7,500)
Pre-Payment /Part Payment Charges
No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment.
2.5% plus Goods and Services Tax (GST) of the principal outstanding is being prepaid or at such rates as the Bank decides if the amount being prepaid is more than the said 25%. Charges shall be applicable on the amount in excess of the said 25%.
Individual Borrowers
No prepayment charges shall be applicable for part payment on a floating rate term loan sanctioned for purposes other than business to individual borrowers with or without co-obligant(s).
MSE Borrowers
No prepayment charges shall be applicable for part payment on floating rate loans to Micro and Small Enterprise (MSE) Certified borrowers if the loan is closed from own sources.
| Name of fee or charges | Charges |
|---|---|
| Premature closure charges - Floating Rate Term Loan availed by individual borrowers for business purposes | 2.5% of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges |
| Premature closure charges - Floating Rate Term Loan availed by individual borrowers for End Use other than business purposes | NIL |
| Premature closure charges - Floating Rate Term Loans availed by Micro and Small Enterprises and Closure from Own Sources* | NIL |
| Premature closure charges - Floating Rate Term Loans availed by Micro, Small Enterprises and closure through takeover by any Financial Institutions | 2% takeover charges of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges. |
| Premature closure charges - Floating Rate Term Loans availed by Non Individual borrowers* | Maximum of 2.5% of the Principal Outstanding. >60 months after the disbursement of the Loan – NIL Charges. |
| Delayed Instalment Payment Charge | A maximum of 18% P.A. on overdue instalment amounts. |
| Payment Return Charges | ₹450 |
| Repayment Schedule Charges* | ₹50 per instance |
| Repayment Mode Change Charges* | ₹500 |
| Custody charges | ₹1,000 per month for non-collection of collateral documents beyond 60 days from the date of closure of all loans/facilities linked to the collateral. |
| Revision in spread | 0.1% of Principal Outstanding OR ₹5,000 whichever is higher per proposal. |
| Legal/Repossession and Incidental Charges | At actuals |
| Stamp Duty and other statutory charges | As per applicable laws of the state. |
| Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers) | NIL |
| Penal Interest for Non-Adherence of ESCROW Account (as per sanction terms and conditions) | 2% p.a additional on existing ROI (applicable in LARR cases only). |
| Penal Interest charged for non-complying with sanction terms | 2% per annum additional on existing ROI- (charged on a monthly basis) Subject to a Max of ₹50,000. |
| CERSAI Charges | ₹100 for each property |
| Property Swapping/Partial property Release* | 0.1% of the loan amount. Min – ₹10,000, Max of ₹25,000 per property. |
| Document Retrieval Charges Post Disbursement* | ₹75 per document set. (Post disbursement) |
*Own Sources: The expression "own sources" means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.
The borrower will be required to submit documents that HDFC Bank may deem fit and proper to ascertain the source of funds at the time of prepayment of the loan.
The prepayment charges are subject to change as per prevailing policies of HDFC Bank and accordingly may vary from time to time which shall be notified on www.hdfcbank.com.
More About Rural Housing Loans
Here are some of the notable features of HDFC Bank’s Rural Housing Loans:
You can utilise the funds to extend or add space to your home
For Agriculturists, no mortgage of agricultural land is required to avail of the Home Loan
Agriculturists get a longer tenure of 20 years
Agriculturists do not have a mandatory Income Tax Returns requirement
You get customised repayment options
Rural Housing Service Loans offer lower interest rates, longer repayment terms, and reduced down payments. They also support community development by making homeownership more accessible and affordable in rural areas.
To apply for an HDFC Bank Rural Housing Loan, go to the official website, navigate to the ‘Home Loans’ tab, select ‘Rural Housing Loan,’ and click ‘Apply Online’.
KYC Proof
PAN Card or Form 60 (if no PAN Card)
Valid Passport
Valid Driving Licence
Election/Voter’s ID
Job Card (NREGA)
Letter from National Population Register
Aadhaar Number (voluntary)
Income Proof
Last 3 months' Salary Slips
Last 6 months' Bank Statements (salary credits)
Latest Form-16 and IT Returns
Income Tax Returns (last 2 Assessment Years, attested by CA)
Last 2 years’ Balance Sheet and Profit & Loss A/c Statements (attested by CA)
Latest Form 26 AS
Property & Other Documents
Copies of Title Documents of Agricultural Land (land holding and crops)
Title Deeds (including the previous chain, if not submitted)
| SELF-EMPLOYED PROFESSIONAL | SELF EMPLOYED NON-PROFESSIONAL (SENP) |
|---|---|
| Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary etc. | Trader, Commission Agent, Contractor etc. |
Farmers, Horiculturists, Planters, Dairy Farmers, Fish Farmers etc.
How does a co-applicant benefit?
Specially designed loans to Agriculturists, Planters, Horticulturists, Dairy Farmers, and Fish Farmers for purchasing an under-construction / new / existing residential property in the rural and urban areas.
*All co-applicants need not be co-owners. However, but all co-owners need to be co-applicants to the loans. Generally, co-applicants are close family members.
Maximum Funding
| Maximum Funding** | |
|---|---|
| Loans up to and including ₹30 lakh | 90% of the property cost |
| Loans from ₹30.01 lakh to ₹75 lakh | 80% of the property cost |
| Loans above ₹75 lakh | 75% of the property cost |
**Subject to the market value of the property and repayment capacity of the customer, as assessed by HDFC Bank.
| Rates Offered to Customer (Past Quarter) | ||||||
|---|---|---|---|---|---|---|
| Segment | IRR | APR | ||||
| Min | Min | Max | Avg. | Min | Max | Avg. |
| HOUSING | 8.35 | 12.5 | 8.77 | 8.35 | 12.5 | 8.77 |
| NON - HOUSING* | 8.4 | 13.3 | 9.85 | 8.4 | 13.3 | 9.85 |
| *NON - HOUSING = LAP(EQUITY), NON-RESIDENTIAL PREMISES LOAN & INSURANCE PREMIUM FUNDING | ||||||
Frequently Asked Questions
Rural Housing Finance provides loans and financial support to individuals in rural areas, enabling them to buy, build, or improve homes, fostering better living conditions and community development.
For a Rural Home Loan with HDFC Bank, you must furnish documents such as a PAN Card or Form 60, proof of identity and residence, income documents, and other requirements like bank statements and property documents.
Yes, farmers are eligible for Housing Loans. The eligibility is based on factors such as monthly income, age, credit score, and other financial obligations.
Get the home of your dreams—apply now for easy financing!