Your Monthly EMI will be
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Amount Payable
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Interest Amount
₹
Principle Amount
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Interest Rate for Top-up Loans
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)
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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
Wondering if You Are Eligible?
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Useful Links
Fees and Charges for Home Loan Top-up
Loan Processing Charges*
Maximum of 1% of loan amount (* Minimum PF of ₹7500)
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% + 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 to the amount in excess of 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 | |
|---|---|
| Floating rate term loan availed by Individual borrowers for Business Purpose | 2.5 % of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges |
| Floating rate term loan availed by Individual borrowers for End Use other than Business Purpose | NIL |
| Floating rate term loans availed by Micro, Small Enterprises and Closure from Own Source* | NIL |
| 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 |
| 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 | ₹1000 per month for non-collection of collateral documents beyond 60 days, from date of closure of all loans/facilities linked to the collateral. |
| Revision in spread | 0.1% of Principal Outstanding OR ₹5000 whichever is higher Per proposal |
| Legal/Repossession & Incidental charges | At actuals |
| Stamp Duty & 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 monthly basis) Subject to a Max of Rs 50000 |
| CERSAI Charges | ₹100 for each property |
| Property Swapping / Partial property Release* | 0.1% of the loan amount. Min – ₹10,000. Max of ₹25000 per property |
| Document Retrieval charges post Disbursement* | ₹75 per document set. (Post disbursement) |
More about Home Loan Top-up
HDFC Bank’s Top-up Loans have various beneficial features. Here are some of them:
- Easy and hassle-free documentation
- Convenient repayment process through monthly instalments
- Loan amount can be used for a variety of personal and professional purposes
- Attractive interest rates
Top-up Loans offer several benefits, including convenient access to additional funds without the need for multiple loan applications. They often come with attractive interest rates and the funds can be used for various purposes like home renovations, education expenses, or debt consolidation.
To apply for a Top-Up Loan with HDFC Bank, you can visit the official website, select the ‘Top-Up Loan’ option under the ‘Home Loans’ tab, and click on the ‘Apply Online’ button. The process is straightforward and can be completed in a few steps.
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)
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
- Title Deeds (including the previous chain, if not submitted)
Self-Employed Professional
Doctor, Lawyer, Chartered Accountant, Consultant, Engineer, Company Secretary etc.
Sef Employed Non-Professional
Trader, Commission Agent, Contractor etc.
Co-applicant Benefits
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.
| 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 | ||||||
Frequently Asked Question
The maximum Home Loan Top-Up amount you can avail is equivalent to your originally sanctioned loan amount of all the Home Loans put together or ₹1 crore, whichever is lower.
A Top-up Loan on an existing Home Loan can be a beneficial option for fulfilling additional financial needs without resorting to separate loans. It offers convenience and comes with attractive interest rates. Moreover, the loan can be used for various purposes other than the apparent purposes. This makes it a practical choice for many borrowers.
You may be eligible for tax benefits on the Top-Up Loan if you can furnish receipts and documents demonstrating that the funds were utilised to acquire, repair, construct or renovate a residential property.
Get the home of your dreams—apply now for easy financing!