*Terms and Conditions Apply
Home Extension Loan Interest Rates
All rates are benchmarked to the Policy Repo Rate. Current applicable Repo Rate = 6.50%
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Salaried
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Self Employed
Know more about the Loan
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Key Benefits
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Key Features
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Important Notes
Wondering if You Are Eligible?
Fees and Charges for Home Extension Loan
| 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 | ₹200 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 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 |
|---|---|
| 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.
The borrower will be required to submit such documents that HDFC Bank may deem fit & 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 Home Extension Loan
Home Extension Loans help homeowners finance renovations or add more space to their existing property. With flexible repayment options and attractive interest rates, these loans allow individuals to upgrade their homes without the financial burden of paying upfront.
HDFC Bank’s Home Extension Loans offer features like easy and hassle-free documentation, extending your home to accommodate a growing family and convenient repayments through monthly instalments. The loan term can be up to 20 years, and the maximum loan amount is between 75% and 90% of the construction estimate.
Home Extension Loans provide funds to expand living space, increasing property value. They often come with flexible repayment options and help you enhance your home’s comfort and functionality. It is a cost-effective solution for growing families.
To apply for an HDFC Bank Home Extension Loan, visit their official website, select the ‘Home Extension Loan’ option under the ‘Home Loans’ tab, and click on the ‘Apply Online’ button to get started.
KYC Documents
- PAN Card or Form 60 (if no PAN Card)
- Passport (validity not expired)
- Driving License (validity not expired)
- 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 Deed of the Plot
- Proof of no encumbrances
| SELF-EMPLOYED PROFESSIONAL | SELF EMPLOYED NON-PROFESSIONAL (SENP) |
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| Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary etc. | Trader, Commission Agent, Contractor etc. |
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
| 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 Questions
Yes, you can apply for a Home extension Loan. Your eligibility for an extension depends on factors such as:
Your income
Your repayment capacity
The age of the property.
The maximum loan amount for a Home Extension Loan with HDFC Bank is between 75% and 90% of the construction estimate, depending on the approximate construction cost.
The maximum tenure for a Home Extension Loan with HDFC Bank is 20 years. However, the actual term may vary based on your profile, age at loan maturity, and the age of the property.
It is a loan to extend or add living space to your home, such as additional rooms, floors, etc.
Any person who wishes to add space to their existing Apartment/Floor/Row house can avail a Home Extension Loan from HDFC Bank. Existing home loan customers can also avail a Home Extension Loan.
You can avail yourself of a Home Extension Loan for a maximum term of 20 years or till your age of retirement, whichever is lower.
Interest rates applicable to home extension loans do not differ from those of Home Loans.
Yes. You are eligible for tax benefits on your home extension loan's principal and interest components under the Income Tax Act of 1961. As the benefits could vary yearly, please check with our Loan Counsellor about the tax benefits you could receive on your loan.
Security of the loan would generally be security interest on the property being financed by us and/or any other collateral / interim security as may be required by us.
HDFC Bank will disburse your Home Extension Loan in instalments based on the progress of construction/renovation as assessed by HDFC Bank.
You can find a checklist regarding the documents required and applicable fees & charges here.
Upgrade your home without any financial burden!