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Home Extension Loan Interest Rates (NRIs)

All rates are benchmarked to the Policy Repo Rate. Current applicable Repo Rate = 6.50%

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

Know more about the Loan

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.

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Key Features

  • HDFC Bank extends Home Extension Loans to NRI, PIO, or OCI.

  • Regardless of whether you are a new or existing customer, you can benefit from a Home Extension Loan.

  • Get Home Extension Loans at competitive interest rates, making your expansion plans easier.

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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 & Conditions

  • Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC Bank.

  • All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC Bank’s products and services. For detailed information about HDFC Bank’s products and services kindly visit the nearest HDFC Bank branch.

  • Click here for the Most Important Terms and Conditions pertaining 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 Extension Loan 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 ₹3,000 whichever is higher plus applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹3,000 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 ₹4,500 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 ₹3,000 whichever is higher, plus applicable taxes/statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or ₹3,000, plus 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, plus applicable taxes/statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or ₹4,500, plus applicable taxes/statutory levies, whichever is higher.
Fees for loans under the HDFC Bank Reach Scheme Up to 2.00% of the loan plus applicable taxes/statutory levies. Minimum Retention Amount: 50% of applicable fees or ₹3,000, plus applicable taxes/statutory levies, whichever is higher.
Re-appraisal of Loan after 6-months from date of sanction ₹2,000, plus applicable taxes/statutory levies.

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 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 the 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 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.

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.

Name of Fee/Charge Levied Amount in Rupees
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.

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 Home Loans NRI Extension

For NRIs, HDFC Bank's Home Loans offer several features and extensions:

  • Loan Amount: High loan amounts are based on property value and income.

  • Flexible Tenure: Repayment period up to 15 years.

  • Attractive Interest Rates: Competitive rates with fixed or floating options.

  • Prepayment and Foreclosure: No penalty for prepayment or foreclosure on floating-rate loans.

  • Tax Benefits: Tax benefits on interest payments under Section 24(b) if the property is rented out or used for residential purposes.

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

  • Property Types: Loans for residential properties and ready-to-move-in homes.

HDFC Bank offers attractive interest rates,  customised repayment options and an easy documentation process, ensuring NRIs can comfortably accommodate their family’s growing needs.

NRIs can apply online or visit the nearest HDFC branch. They must provide KYC, income, and property-related documents along with the loan application.

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. However, all co-owners need to be co-applicants to the loans. Generally, co-applicants are close family members.

Loan Amount Maximum Funding
Loans up to and including ₹30 lakh 90% of the construction estimates
Loans from ₹30.01 lakh to ₹75 lakh 80% of the construction estimates
Loans above ₹75 lakh 75% of the construction estimates

Note: Subject to the 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 can apply for a Home Extension Loan with HDFC Bank to add space to their existing property in India.

NRIs can avail up to 90% of the construction estimate for their Home Extension Loan with HDFC Bank.

The maximum tenure for an NRI Home Extension Loan with HDFC Bank is up to 20 years or till your age of retirement, whichever is lower.

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 a Home Extension Loan for a maximum term of 20 years or till your age of retirement, whichever is lower.

Interest rates applicable on home extension loans do not differ from the interest rates 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 each year, please check with our Loan Counsellor about the tax benefits you could avail of 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 we may require.

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 and charges here

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