Total Savings in Cash Outflow
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Existing EMI
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Proposed EMI
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Saving in EMI
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Home Loan Balance Transfer Interest Rates
All rates are benchmarked to the Policy Repo Rate. Current applicable Repo Rate = 6%
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Special Housing Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Know more about the Loan
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Key Benefits
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Key Features
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Important Notes
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Terms and Conditions
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Useful Links
Fees and Charges for NRI Home Loan
| Name of Fee/Charge levied | 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 ₹3,000 whichever is higher applicable taxes statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹3,000 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 ₹4,500 whichever is higher plus applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹4,500 applicable taxes/statutory levies, whichever is higher. |
| Fees for NRI Loans | Up to 1.25% of the loan amount or ₹3,000 whichever is higher applicable taxes/statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or ₹3,000 applicable taxes/statutory levies, whichever is higher. |
| Fees for Value Plus Loans | Up to 1.50% of the Loan amount or ₹4,500 whichever is higher applicable taxes/statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or ₹4,500 applicable taxes/statutory levies, whichever is higher. |
| Fees for Loans under HDFC Bank Reach Scheme | Up to 2.00% of the loan amount applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹3,000 applicable taxes/statutory levies, whichever is higher. |
| Re-appraisal of a loan after 6 months from date of sanction | ₹2,000 applicable taxes/statutory levies. |
| Name of Fee/ Charge levied | Amount in Rupees |
|---|---|
| Delayed Instalment Payment Charge | A maximum of 18% per annum on overdue instalment amounts. |
| Incidental Charges | Incidental charges and expenses are levied to cover the cost, charges, expense and other monies as per actuals applicable to a case. |
| Stamp Duty/MOD/ MOE/ Registration | As applicable in the respective States. |
| Fees/Charges levied by entities such as CERSAI | 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 | As per actual fee/charges levied by any third party(ies) plus applicable taxes/ statutory levies. |
| Name of Fee/ Charge levied | 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 Fee/ Charge levied | Amount in Rupees |
|---|---|
| Payment Return Charges | ₹300 Per dishonour. |
| 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 |
|---|---|
| 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*. |
| Name of Fee/Charge levied | Amount in Rupees |
|---|---|
| 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. |
Loan Processing Charges*
Maximum of 1% of 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 principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount more than said 25%.
Individual Borrowers
No prepayment charges shall be applicable for part payment on 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 loan is closed from Own Source of Funds.
Premature Closure Charges
| 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 our website.
More About Home Loan Balance Transfer
Here are the key features of HDFC Bank's Home Loan Balance Transfer:
Lower Interest Rates: Transfer your existing Home Loan to HDFC Bank for potentially lower interest rates, reducing your EMI burden.
Top-Up Loan Option: Avail a top-up loan along with the Balance Transfer for additional financial needs, like home renovation or personal expenses.
Minimal Documentation: HDFC Bank offers a hassle-free process with minimal paperwork, making it easier to transfer your loan.
Flexible Tenure: Choose from flexible repayment tenures, allowing you to plan your finances better.
Quick Processing: Enjoy quick loan processing and fast approvals, ensuring a smooth transition of your Home Loan.
- No Hidden Charges: Transparent processing with no hidden charges ensures clarity and trust in your financial dealings.
The key benefits include:
Better loan terms
Access to additional funds (if applicable)
The ability to switch to a lender with better service
You can apply for a Balance Transfer by contacting the new lender of your choice, submitting the required documents, and completing their application process. The new lender will coordinate with your existing lender to transfer the outstanding balance.
KYC Documents
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)
Documents issued by the Government Departments of Foreign Jurisdiction (Like Work/Resident Permit, Social Security Card, Green Card etc.)
Letter issued by the Foreign Embassy or Mission in India
Income Proof
Last 3 months' Salary Slips
Last 6 months' Bank Statements (salary credits)
Latest Form-16 and IT Returns
Income 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
Copy of Allotment Letter / Buyer Agreement
Title Deeds (including the previous chain in resale cases)
Proof of no encumbrances
Classification of Self-employed
How does a co-applicant benefit?
Higher loan eligibility with an earning co-applicant.
*All co-applicants need not be co-owners. However, all co-owners need to be co-applicants to the loans. Generally, co-applicants are close family members.
| 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.
| Maximum Funding** | |
|---|---|
| Loans up to and including ₹30 lacs | 90% of the property cost |
| Loans from ₹30.01 lacs to ₹75 lacs | 80% of the property cost |
| Loans above ₹75 lacs | 75% of the property cost |
**Subject to 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 | 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 | ||||||
SURF (Scheduled Upgradation Repayment Facility): SURF allows you to link your repayment schedule with your expected income growth. This means you can secure a larger loan with lower EMIs in the initial years and then gradually increase your payments in line with your income growth.
FLIP (Flexible Loan Installment Plan): FLIP offers a flexible repayment plan that adapts to changes in your financial situation. Initially, you pay higher EMIs, which then decrease over time, reflecting your changing income levels.
Tranche-Based EMI: For under-construction properties, you typically pay only interest on the loan until final disbursement. If you prefer to start repaying the principal sooner, you can opt for a tranche-based EMI plan, which allows you to begin principal payments on the amounts disbursed.
- Accelerated Repayment Scheme: This scheme allows you to increase your EMIs annually in line with your income growth, enabling you to repay your loan faster and more efficiently.
Frequently Asked Questions
The process of transferring your Home Loan to a new lender can vary depending on the lenders involved and the complexity of your loan.
The maximum Home Loan amount that can be refinanced depends on factors like your income, existing debt, property value, and the lender's policies.
You can transfer your Home Loan Balance multiple times. However, each transfer may involve processing fees, so it's best to do it judiciously.
A Home Loan Balance Transfer to HDFC involves moving the outstanding balance of your existing Home Loan from another bank or financial institution to HDFC Bank.
If a borrower has a consistent repayment record for a minimum of 12 months on an existing Home Loan with another bank or Housing Finance institution (HFI), they are eligible to avail a Housing Loan Balance Transfer with HDFC Bank. The 12-month regular payment track indicates the borrower's ability to meet their financial obligations, making them eligible for the Housing Loan Balance Transfer option provided by HDFC Bank.
The maximum term a Home Loan transfer offers is 30 years or till the age of retirement, whichever is lower.
The Home Loan Transfer interest rate remains consistent with the prevailing interest rates on regular Home Loans. In other words, when opting for a Housing Loan Balance Transfer from one bank or financial institution to another, including HDFC, the interest rates offered for the transferred loan do not differ from standard Home Loan interest rates. Thus, borrowers availing a Housing Loan Balance Transfer can enjoy the same interest rate structure as those applying for a new home.
Certainly! When opting for a Balance Transfer Loan, you remain eligible for tax benefits on both the principal and interest portions of the loan in accordance with the provisions of the Income Tax Act of 1961. However, it's crucial to note that the specific benefits may vary from year to year.
HDFC Bank not only offers Home Loan Balance Transfers but also provides top-up loans of up to ₹50 lakh, subject to property valuation. This allows borrowers to address financial needs like renovations, education, or other expenses. By combining a Balance Transfer and a top-up loan, HDFC Bank ensures flexibility and convenience within a single loan arrangement.
Certainly! HDFC Bank extends the option of a Housing Loan Balance Transfer to customers who have purchased an under-construction property. This means that individuals in the process of acquiring a property that is still under construction can choose to transfer the outstanding balance of their existing Home Loan to HDFC Bank.
Get the home of your dreams—apply now for easy financing!