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EMI Calculator

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Interest Rate for Home Loans

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.

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*Terms and Conditions Apply

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Key Features

  • End-to-End Digital Process: Get home loan approval in 4 simple steps with our fully digital process.

  • Customised Repayment Options: Enjoy tailor-made home loans designed to fit your unique needs.

  • Easy Documentation: Apply with minimal documents and save time and effort.

  • 24/7 Support: Connect with us on Chat, WhatsApp anytime, anywhere

  • Online Account Access: Login to your account to conveniently manage your loan.

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Property Financing Solutions

  • Loans for NRIs, PIOs, and OCIs to buy flats, row houses, or bungalows from approved private developers in India. 

  • Loans available for purchasing or reselling flats in India. 

  • Access home advisory services in the UK for properties in India. 

  • Transfer outstanding loans from other banks or financial institutions in India.  

  • Receive expert legal and technical counseling.

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Fees and Charges

  • Processing Fees
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 applicable taxes statutory levies.
Minimum Retention Amount: 50% of applicable fees or ₹3,300 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 applicable taxes/statutory levies, whichever is higher.
Fees for NRI Loans Up to 1.25% of the loan amount or ₹3,300 whichever is higher applicable taxes/statutory levies and charges.
Minimum Retention Amount: 50% of applicable fees or ₹3,300 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 applicable taxes/statutory levies and charges.
Minimum Retention Amount: 50% of applicable fees or ₹5,000 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 ₹3,300 applicable taxes/statutory levies, whichever is higher.
Re-appraisal of a 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/- Up to ₹ 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.
  • Conversion Fees
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.
  • Miscellaneous Receipts
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.
  • Premature Closure/Part Payment
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.

  • Property Document Retention Charges
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.
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Non-Housing Charges on NRI Plot Loan

  • Loan Processing Charges

Maximum of 1% of the 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% 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 25%. Charges shall be applicable on the amount over 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-obligate (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. 

  • 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, Small Enterprises and Closure from own source* 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 ₹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 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 every month) 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 and 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 per prevailing policies of HDFC Bank and may vary from time to time, which shall be noted on www.hdfcbank.com.

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Important Information

  • A loan of ₹1 lakh payable over 15 years on a variable rate at 8.75% would require 180 payments of ₹999 per month. 

  • The total amount payable would be ₹1,79,901 made up of loan amount of ₹1 lakh plus interest of ₹79,901. The overall cost for comparison is 8.75% APRC representative.

  • In addition to the above the processing fees shall be paid by the customer.

  • The details of processing fees are as mentioned under Fees and Charges.

Please note that this example is just indicative in nature. The interest rates/Equated Monthly Installments are variable in nature and linked to HDFC Bank's Retail Prime Lending Rate and shall fluctuate according to the movement in the same. All payments are to be made in India in Indian currency. All lending by HDFC Bank is done solely in India for properties located in India.

*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 tenor 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

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Most Important Terms and Conditions

  • *The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
  • Security
    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.
  • Other Conditions
    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.
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Wondering if You Are Eligible?

Salaried

  • Age: 17-60 years
  • Profession: Salaried
  • Nationality: NRI
  • Tenure: Up to 15 years*

Self-Employed

  • Age: 17-60 years
  • Profession: Salaried
  • Nationality: NRI
  • Tenure: Up to 15 years
  • Note: Includes Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary, Trader, Commission Agent, Contractor etc.
  • *For certain professionals only. The professionals may include but are not limited to Doctors, Lawyers, Chartered Accountants, and Architects.
  • *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.

Documents to get you started

KYC Proof

  • 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 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 previous chain in resale cases)

Pradhan Mantri Awas Yojana

(Urban) 2.0 - PMAY (U) 2.0

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Pre-verified Properties

Explore pre-approved projects and get started.

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More about Plot Loans NRI

Loan Amount

High loan amounts based on property value and repayment capacity.

Flexible Tenure

Repayment period up to 15 years.

Attractive Interest Rates

Competitive interest rates with fixed or floating options.

Simple Documentation

Streamlined paperwork for easier processing.

Prepayment and Foreclosure

No penalty for prepayment or foreclosure on floating-rate loans.

Loan Disbursement

Quick disbursement to facilitate timely land purchase.

Tax Benefits

Tax benefits on interest under Section 24(b) if used for residential construction.

Currency Options

Flexibility to make repayments in foreign currency.

Benefits of NRI Plot Loans include competitive interest rates, flexible repayment options, and convenient processing, enabling NRIs to acquire land in India hassle-free.

NRIs can apply for plot purchase loans through authorised banks or financial institutions. The application process involves submitting essential documents such as a passport, visa, income proof, and details of the property they intend to purchase.

Specially designed loans to Agriculturists, Planters, Horticulturists, Dairy Farmers, Fish Farmers for purchasing an under construction / new / existing residential property in the rural and urban areas.

*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

In the event of you relocating back to India, HDFC Bank reassesses the repayment capacity of the applicant(s) based on Resident status and a revised repayment schedule is worked out. The new rate of interest will be as per the prevailing applicable rate of Resident Indian loans (for that specific loan product). This revised rate of interest would be applicable on the outstanding balance being converted. A letter is given to the customer confirming the change of status. 

Yes, NRIs can obtain loans to purchase plots in India. They must fulfill the lender's eligibility criteria and provide necessary documents like passport, visa, and proof of income.

A person resident outside India who is a citizen of India or a person outside India who is of Indian origin is an NRI. 
The definition of a person resident outside India is defined under section 2(w) of Foreign Exchange Management Act, 1999 is as under: 

Person resident outside India means, a person who is not resident in India. 
A person shall be deemed to be a person not resident in India in the following cases: 

  • When the person stays in India for less than or up to 182 days during the preceding financial year 
  • When a person who has gone out of India or who stays outside India, in either case 
  • For or on taking up employment outside India, or 
  • For carrying on outside India a business or vocation outside India, or 
  • For any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period 

You need not be present in India to avail of your Home Loan. In case you are posted aboard at the time of submission of the loan application and disbursement of the loan, you can avail the loan by appointing a Power of Attorney as per HDFC Bank's format. Your Power of Attorney holder can apply and carry out the formalities on your behalf.

You can apply for housing loans at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced. You can even apply for a home loan whilst you are working abroad, to plan for your return to India in future. 

  • A photocopy of the PIO card or 
  • A photocopy of current passport indicating birthplace as 'India' 
  • A photocopy of Indian passport, if held by the individual earlier 
  • A photocopy of parent’s / grandparent’s Indian passport / birth certificate/ marriage certificate. 

Security

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.

Other Conditions

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 Terms and Conditions pertaining to your loan

**Subject to market value of the property and repayment capacity of the customer, as assessed by HDFC Bank.

Rates Offered 

NRIs can buy any amount of land in India, subject to regulations set by the Reserve Bank of India and local authorities.

Yes, NRIs are required to pay taxes on property sales in India according to prevailing tax laws. 

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