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Home Loan Refinance Calculator

Find out the savings in EMI

Existing Loan Details

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₹ 1,00,000₹ 10,00,00,000
1 year30 years
%
0.5% PA 15% PA
Loan from HDFC Bank Home Loans
1 year30 years
%
0.5% PA 15% PA
Total Savings in Cash Outflow

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Existing EMI

₹

Proposed EMI

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Saving in EMI

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Home Loan Balance Transfer Interest Rates (NRIs)

All rates are benchmarked to Policy Repo Rate. Current applicable Repo Rate = 6%

Interest Rates Starting From

Policy Repo Rate + 2.40% to 7.70%

7.90% p.a. to 13.20% p.a.

*Terms and Conditions Apply

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Key Benefits

  • Get Home Loan approval in 4 simple steps with our fully digital process.

  • Enjoy tailor-made Home Loans designed to fit your unique needs.

  • Apply with minimal documents and save time and effort.

  • Connect with us on Chat, WhatsApp anytime, anywhere. 

  • Conveniently manage your loan online by simply logging in.

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Key Features

  • Enjoy market-leading interest rates, helping you save on monthly EMIs and loan repayment.

  • Benefit from a transparent process with no hidden costs or surprise fees.

  • Special loan transfer options for Merchant Navy professionals with tailored solutions.

  • Transfer your existing home loan from any bank to HDFC Bank for better terms and features.

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Important Notes

Rates

  • The above Home Loan interest rates/ EMI are applicable for loans under the Adjustable Rate Home Loan Scheme (Floating Interest Rate) of (HDFC Bank and are subject to change at the time of disbursement. 

  • The Home Loan interest rates above are linked to HDFC Bank's Repo Rate and are variable throughout the tenure of the loan. 

  • All loans are at the sole discretion of HDFC Bank. For further details regarding the loan slabs and interest rates above, Click here.

Terms and Conditions 

  • The loan is typically secured by a lien on the property being financed. HDFC Bank may also require additional collateral or interim security as needed.

  • The information provided here is intended for general awareness and convenience, serving as an indicative guide to HDFC Bank’s products and services. For comprehensive details about HDFC Bank’s offerings, please visit your nearest HDFC Bank branch.

  • Click here for the Most Important Terms and Conditions related to your loan

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Terms and Conditions

  • The loan is typically secured by a lien on the property being financed. HDFC Bank may also require additional collateral or interim security as needed.

  • The information provided here is intended for general awareness and convenience, serving as an indicative guide to HDFC Bank’s products and services. For comprehensive details about HDFC Bank’s offerings, please visit your nearest HDFC Bank branch.

  • Click here for the Most Important Terms and Conditions related to your loan

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Wondering if You Are Eligible?

Salaried

  • Age: 18-65 years
  • Profession: Salaried
  • Nationality: NRI
  • Tenure: Up to 15 years

Self-Employed

  • Age: 18-65 years
  • Profession: Salaried
  • Nationality: NRI
  • Tenure: Up to 15 years

Pradhan Mantri Awas Yojana

(Urban) 2.0 - PMAY (U) 2.0

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Pre-verified Properties

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Fees and Charges for Home Loan Balance Transfer for NRI

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 ₹3,300, whichever is higher, plus applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹3,300 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 ₹5,000, whichever is higher, plus applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹5,000, plus applicable taxes/statutory levies, whichever is higher.
Fees for NRI Loans Up to 1.50% of the loan amount or ₹3,300, whichever is higher, plus applicable taxes/statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or ₹3,300, plus applicable taxes/statutory levies, whichever is higher
Fees for Value Plus Loans Up to 1.50% of the loan amount or ₹5,000, whichever is higher, plus applicable taxes/statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or ₹5,000, plus applicable taxes/statutory levies, whichever is higher.
Fees for Loans under HDFC Bank Reach Scheme Up to 2.00% of the loan plus applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹3,300 plus applicable taxes/statutory levies, whichever is higher.
Re-appraisal of Loan After 6 Months from Date of Sanction Salaried / Self-employed Professional- Up to ₹3300/- + applicable taxes/ statutory charges
For Self-Employed Non-Professionals/ NRI/ Value Plus Loans/ HDFC Reach Scheme/- Upto ₹5000/- + applicable taxes + statutory charges
Increase in Loan amount For loan amount increase, fees applicable under processing charges shall be levied.

Other Charges

Name of Fee/Charge Levied Amount in Rupees
Delayed Instalment Payment Charge A maximum of 18% p.a. on overdue instalment amounts.
Incidental Charges Incidental charges and expenses are levied to cover the costs, charges, fees, 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/fees 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 Rupee
Switch to Lower Rate in Variable rate Loans (Housing/ Extension/ Renovation / Plot / Top Up) Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or ₹3000 (whichever is lower)
Switch from Combination Rate home loan under fixed rate term / fixed rate loan to Variable rate Upto 1.50% of the Principal Outstanding and Undisbursed amount (if any)+ applicable taxes / statutory levies at the time of Conversion.
Conversion of ROI from floating to fixed (who have availed EMI based floating rate Personal Loans) Please refer to the RBI circularNo.DBR.No.BP.BC.99/08.13.100/2017-18 on “XBRL Returns – Harmonisation of Banking Statistics” dated January 04, 2018.”
Upto ₹3000/- + applicable taxes / statutory levies.

Name of Fee/ Charge Levied Amount in Rupee
Payment Return Charges ₹300/- Per Dishonor.
Photocopy of Documents Up to ₹500/- + applicable taxes/statutory levies
Fees on account of External Opinion – such as legal/technical verifications. As per actuals.
List of documents charges- for issuance of duplicate list of documents post disbursement Up to ₹500/- + applicable taxes / statutory levies.
Repayment Mode Changes Up to ₹500/- + applicable taxes / statutory levies.
Custody Charges/Property Document Retention charges ₹1000 per calendar month, after 2
calendar months from the date of closure of all loans/facilities linked to the collateral
Charges levied on account of non-adherence to sanction terms agreed by the customer at the time of the loan disbursement. Up to 2% charges per annum on principal outstanding for non-compliance of agreed terms up to its fulfilment- (charged on a monthly basis) subject to a cap of ₹50000/- for critical security-related deferrals. Max ₹25000/- for other deferrals.

Name of Fee/Charge levied Amount in Rupees
A. Adjustable-Rate Loans (ARHL) and Combination Rate Home Loans (“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 Loans (“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" means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

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 closure date of all loans/facilities linked to the collateral.

  • Loan Processing Charges

Maximum of 1% of the loan amount (Minimum PF of ₹7,500)

  • Pre-Payment/Part Payment Charges

Floating Interest Rate Term Loans • 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% + applicable taxes 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 above said 25%.
• Nil Part Payment charges for floating rate term loans availed by Individual borrowers for End Use other than Business Purpose
• Nil Part Payment charges for floating rate term loans availed by Micro & Small Enterprises.
Fixed Interest rate Term loans • Maximum of 2.5% of the Principal Outstanding.
• >60 months after the disbursement of the Loan – NIL Charges.
• NIL Part-payment charges for loan amounts up to ₹50 Lakh availed by Micro & Small Enterprises.
• 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 applicable taxes) of principal outstanding being prepaid or at such rates as the Bank decides if the amount being prepaid is more than 25%. Charges shall be applicable on the amount over said 25%.

  • Pre-Mature Closure Charges

Floating rate term loans availed by Individual borrowers for Business Purposes 2.5 % of the Principal Outstanding
>60 months after the disbursement of the Loan – NIL Charges
Floating rate term loans availed by Individual borrowers for End Use other than Business Purposes 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
Fixed Interest rate Term loans - 2.5 % (Plus applicable Taxes) of the Principal Outstanding,

> 60 months after the disbursement of the Loan/Facility – NIL Charges.

NIL Premature Closure Charges /Foreclosure/ Prepayment /Takeover/Part-payment charges for loan amounts up to ₹50 Lakh availed by Micro & Small Enterprises.
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 the closure date 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 monthly)
Subject to a Max of ₹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)

  • Other 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 / Digital – Free
Repayment mode change charges* ₹500/-
Custody charges ₹1000/- per month for non-collection of collateral documents beyond 60 days from the closure date of all loans/facilities linked to the collateral.
Revision in spread 0.1% of Principal Outstanding OR ₹3000, 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
Charges levied for Non-Adherence to ESCROW Account (as per sanction terms and conditions) 2% p.a. additional on existing ROI (Applicable in LARR cases only)
Charges levied on account of non-adherence to sanction terms. 2% per annum additional on existing ROI- (Charged monthly)
Subject to a Max of ₹50000/-
CERSAI Charges ₹100 for each property / at actuals
Property Swapping / Partial Property Release* 0.1% of the loan amount.
Min – ₹10,000/-. Max of ₹25000/- per property
Document Retrieval charges post Disbursement* ₹500/- per document set. (Post disbursement)

  • All the above charges/fees/Commissions are exclusive of taxes. All government taxes are applicable.

  • 10% discount to senior citizens on all the service charges

*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 per the prevailing policies of HDFC Bank and may vary from time to time, which shall be noted on www.hdfcbank.com.

More About Home Loan Balance Transfer for NRI

Here are the features of HDFC Bank Home Loan Balance Transfer for NRIs:

  • Attractive Interest Rates: Benefit from competitive rates on balance transfer.

  • Flexible Tenure: Choose a repayment period up to 15 years.

  • Quick Processing: Fast and efficient loan transfer process.

  • Loan Amount: Transfer high loan amounts based on eligibility.

  • Prepayment Options: No penalty for prepayment or foreclosure.

  • Currency Flexibility: Repayments can be made in foreign currency.

  • Lower Interest Rates: NRIs can benefit from reduced interest rates, lowering their EMI (Equated Monthly Instalments).

  • Better Loan Terms: Opportunity to switch to more favourable loan terms, such as extended tenure or flexible repayment options.

  • Top-Up Loan Option: Some lenders offer additional top-up loans along with the balance transfer, providing extra funds.

  • Cost Savings: Over time, reduced interest rates and better terms can result in significant savings.

  • Evaluate Offers: Compare balance transfer options from different lenders.

  • Submit Application: Fill out the application form for the balance transfer with the chosen lender.

  • Provide Documents: Submit necessary documents, including proof of NRI status, identity, property documents, and existing loan details.

  • Loan Approval: The lender will evaluate your application and approve the transfer based on their criteria.

  • Transfer Process: Once approved, the new lender will settle the outstanding amount with the current lender and take over the loan.

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 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

How does a Co-applicant Benefit?

Higher loan eligibility with an earning co-applicant.

*All co-applicants need not be co-owners. But 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 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

Yes, NRIs (Non-Resident Indians) can transfer their existing Home Loan Balance to another bank or financial institution that offers better interest rates or terms.

The maximum loan transfer amount for NRIs depends on the policies of the lending bank and the outstanding principal on the existing loan. Typically, it can be up to 80-90% of the property’s cost, subject to the market value of the property and the repayment capacity of the applicant, as assessed by HDFC Bank.

Transferring your outstanding Home Loan availed from another Bank/Financial Institution to HDFC Bank is known as a Balance Transfer Loan. HDFC Bank offers Home Loan Balance Transfer options for Non-Resident Indians (NRIs), enabling them to move their existing Home Loans to HDFC Bank for better terms and benefits. This service provides an opportunity to optimize loan conditions and reduce financial burdens.

Any borrower with an existing Home Loan with another bank/HFI in which he/she has had a regular payment track of 12 months can avail a Balance Transfer Loan from HDFC Bank.

The maximum term a customer can avail is 30 years or till the age of retirement, whichever is lower under HDFC Bank's 'Telescopic Repayment Option.

Interest rates applicable on Balance Transfer Loans do not differ from the interest rates of Home Loans.

Yes. You are eligible for tax benefits on the principal and interest components of your Balance Transfer Loan under the Income Tax Act of 1961. As the benefits could vary each year, please check with our Loan Counsellor about the tax benefits you could avail on your loan.

Yes, you can avail an additional top-up loan of up to ₹50 lakh along with a Balance Transfer Loan from HDFC Bank.

You can find a checklist of documents, fees, and charges for a Balance Transfer Loan here.

Yes, customers who have purchased an under-construction property can avail a Balance Transfer Loan from HDFC Bank.

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