Rural Housing Loan

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Rural Housing Loan Interest Rates

All rates are benchmarked to Policy Repo Rate. Current applicable Repo Rate = 5.25%

Standard Interest Rates

Policy Repo Rate + 2.90% to 7.70%

8.40 % - 13.20 %* p.a.

(Terms & Conditions apply)

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*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

*HDFC BANK does not source any Home Loan business from any Lending Service Providers (LSPs).

What’s in store for you?

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Key Features

Attributes

  • Repayment: Repayments through monthly instalments  
  • Documentation: Apply with minimal paperwork, saving you valuable time and effort throughout the process.
  • 24x7 assistance: Reach us anytime via Chat or WhatsApp for instant assistance, no matter where you are.
  • Digital: Login to your account to conveniently manage your loan.
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Flexible Home Financing

  • No hidden charges.
  • Tailored loans for agriculturists, planters, horticulturists, dairy farmers, and fish farmers to purchase under-construction, new, or existing residential property in rural and urban areas.
  • Build your home on freehold or leasehold residential plots in rural and urban areas.
  • Upgrade your home with improvements like tiling, flooring, plastering, and painting.
  • Add space to your home, such as new rooms.
  • No mortgage of agricultural land required for agriculturists to avail Home Loans.
  • Loan tenure of up to 20 years for agriculturists.
  • Loans available for salaried and self-employed individuals to purchase residential property in villages.
  • No mandatory income tax returns required for agriculturists applying for Home Loans.
  • Flexible repayment options and attractive interest rates tailored to your needs.
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Wondering if You Are Eligible?

Salaried

  • Nationality: Resident Indian
  • Age: Minimum 18 Years and Maximum 70 Years

Self-Employed

  • Nationality: Resident Indian
  • Age: Minimum 18 Years and Maximum 70 Years
  • Professionals: Doctor, Chartered Accountant, Lawyer, Consultant, Architect, Company Secretary, Engineer, etc.
  • Non-Professionals: Contractor, Trader, Commission Agent, etc.
  • Tenure: Up to 30 years

Documents to get you 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 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

  • Copies of Title Documents of Agricultural Land (land holding and crops)
  • Title Deeds (including previous chain in resale cases)

More About Rural Housing Loans

Incidental Charges

Incidental charges and expenses are levied to cover the cost, charges, expense 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 Regulatory /government  entities such as CERSAI

As per actual charges/ fee levied by Regulatory bodies + 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) + applicable taxes/ statutory levies


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

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 Rs 3000 (which ever 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 the RBI circularNo.DBR.No.BP.BC.99/08.13.100/2017-18 on “XBRL Returns – Harmonization of Banking Statistics” dated January 04, 2018.” 
Upto Rs.3000/- + applicable taxes / statutory levies.

Payment Return Charges

Rs. 300/- Per Dishonor.

Photocopy of Documents

Upto Rs. 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

Upto Rs. 500/- + applicable taxes / statutory levies.

Repayment Mode Changes

 Upto Rs. 500/- + applicable taxes / statutory levies.
Custody Charges/Property Document Retention charges Rs. 1000 per calendar month, after 2 
calendar months from date of closure of all loans/facilities linked to the collateral
Charges levied on account of non- adherence of sanction terms agreed by customer at the time of disbursement of the loan. Upto 2% charges per annum on principal outstanding for non- compliance of agreed terms upto its fulfilment- (charged on monthly basis) subject to cap of Rs. 50000/- for critical security related deferrals. Max Rs. 25000/- for other deferrals.

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.
 

**Conditions apply
 

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.

Name of Fee/ Charge levied Amount in Rupees
Custody charges Rs 1000/- per month for non-collection of collateral documents beyond 60 days, from date of closure of all loans/facilities linked to the collateral.

Here are some of the notable features of HDFC Bank’s Rural Housing Loans:

  • You can utilise the funds to extend or add space to your home

  • For Agriculturists, no mortgage of agricultural land is required to avail of the Home Loan

  • Agriculturists get a longer tenure of 20 years

  • Agriculturists do not have a mandatory Income Tax Returns requirement

  • You get customised repayment options

Rural Housing service loans offer lower interest rates, longer repayment terms, and reduced down payments. They also support community development by making homeownership more accessible and affordable in rural areas.

To apply for an HDFC Bank Rural Housing Loan, go to the official website, navigate to the ‘Home Loans’ tab, select ‘Rural Housing Loan,’ and click on ‘Apply Online’.

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.

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.

Accessible housing loans for rural communities

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Frequently Asked Questions

Rural Housing Finance provides loans and financial support to individuals in rural areas, enabling them to buy, build, or improve homes, fostering better living conditions and community development.

For a Rural Home Loan with HDFC Bank, you must furnish documents such as a PAN Card or Form 60, proof of identity and residence, income documents, and other requirements like bank statements and property documents.

Yes, farmers are eligible for Housing Loans. The eligibility is based on factors such as monthly income, age, credit score, and other financial obligations.

Rural Housing service loans offer lower interest rates, longer repayment terms, and reduced down payments. They also support community development by making homeownership more accessible and affordable in rural areas.

Here are some of the notable features of HDFC Bank’s Rural Housing Loans:

  • You can utilise the funds to extend or add space to your home
  • For Agriculturists, no mortgage of agricultural land is required to avail of the Home Loan
  • Agriculturists get a longer tenure of 20 years
  • Agriculturists do not have a mandatory Income Tax Returns requirement
  • You get customised repayment options

To apply for an HDFC Bank Rural Housing Loan, go to the official website, navigate to the ‘Home Loans’ tab, select ‘Rural Housing Loan,’ and click on ‘Apply Online’.