HDFC Home Loan Interest Rates

HDFC Home Loan Interest Rates

Home Loan HDFC comes with attractive interest rates starting from 7.90%* p.a. for different purposes like new home purchase, balance transfer, renovation, or extension. Customers can choose between a floating rate loan or a TruFixed loan, where the rate remains fixed for a set period before switching to floating. For new borrowers, HDFC offers home loan interest rates from 8.70% p.a., with special rates for women applicants starting at 8.65% p.a. The loan tenure can go up to 30 years, covering up to 90% of the property value (subject to eligibility). A good credit score of 720+ is generally required. To check EMIs and plan finances easily, use the HDFC home loan calculator before applying.

HDFC Home Loan Interest Rates of Different Schemes in May 2025

Here are the interest rate ranges for different home loan schemes offered by HDFC:

*Interest rates are subject to change without further notice.  

Why Choose HDFC Bank for Your Home Loan?

HDFC Bank makes homeownership simple and affordable with competitive interest rates, flexible repayment options, and customized loan packages. Whether you’re buying, renovating, or transferring a loan, Home Loan HDFC is designed to match your financial goals. With trusted services, easy processes, and customer-focused solutions, HDFC ensures your journey to owning a home is smooth, reliable, and rewarding.

HDFC Offers Various Types of Home Loans – A Detailed Overview

HDFC Home Loan Interest Rates provides a wide variety of home loan types to fit different needs:

Home Loan

The Home Loan is a home loan that is available to both salaried and self-employed individuals who are looking to purchase their very own housing property.

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility:
  • Age: 21 – 65 years
  • Civil Score: Minimum credit score must be 720.
  • Employment Type: Salaried or self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: 1 Lakh – 10 Crores
• Interest Rate: 8.70% to 9.55%
• Processing Fees: 1% of the loan amount

Plot Loan

Plot Loan is a home loan product provided by HDFC that caters to both salaried and self-employed individuals who are looking forward to purchasing their residential property.

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility:
  • Age: 21 – 65 years
  • CIBIL Score: Minimum credit score must be 720.
  • Employment Type: Both salaried and self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: 1 Lakh – 10 Crores
• Interest Rate:  8.70% – 9.55%
• Processing Fees: 1% of the loan amount

Rural Housing Loans

Rural Housing Loans is a home loan that is available to both salaried and self-employed individuals who are looking to purchase their very own housing property. This home loan plan with flexible repayment options for you to be one step closer to purchasing your residential property.

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility:
  • Age: 21 – 65 years
  • Civil Score: Minimum credit score must be 720.
  • Employment Type: Salaried or self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: 1 Lakh – 10 Crores
• Interest Rate:  9.40% to 10.75%
• Processing Fees: 1% of the loan amount

Home Renovation Loans

Home Renovation Loan is a home loan product provided by HDFC that caters to both salaried and self-employed individuals who are looking for a more premium experience while trying to purchase their residential property.

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility:
  • Age: 21 – 65 years
  • Civil Score: Minimum credit score must be 750.
  • Employment Type: Both salaried and self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: 1 Lakh – 10 Crores
• Interest Rate: 8.70% to 9.55%
• Processing Fees: 1% of the loan amount

Home Extension Loans

The Home Extension Loan is a home loan that is available to both salaried and self-employed individuals. This plan is very similar to the Gold Home Loan plan, however with a higher interest rate and with a higher upper limit on the amount and a longer repayment window.

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility:
  • Age: 21 – 65 years
  • Civil Score: Minimum credit score must be 750.
  • Employment Type: Salaried or self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: 1 Lakh – 10 Crores
• Interest Rate: 8.70% to 9.55%
• Processing Fees: 1% of the loan amount

HDFC Home Loan Interest Rates for Women

To make home loans more affordable for women who apply, HDFC offers reduced interest rates and reductions in processing expenses.

Disclaimer: The interest rates stated are merely examples and could vary. However, female candidates can still take advantage of these advantages to get a mortgage with a favorable interest rate.

HDFC Home Loan Interest Rates for Self-Employed

HDFC Bank offers home loans to self-employed individuals. The interest rates for self-employed individuals are slightly higher than those for salaried individuals.

HDFC Home Loan Interest Rates for Salaried

Salaried individuals are welcome to take advantage of HDFC’s alluring interest rates, which depend on their credit scores.

HDFC Home Loan Interest Rates for NRI

HDFC provides competitive interest rates for home loans catering to NRIs.

*Terms and conditions applied

Unique Benefits and Features of Home Loan HDFC

• Attractive Interest Rates: With a competitive HDFC home loan interest rate, you can reduce your EMI burden and make homeownership more affordable. Rates are linked to MCLR and revised periodically.
• Flexible Repayment Tenure: Home Loan HDFC offers repayment terms of up to 30 years, helping you manage lower EMIs. Longer tenure reduces monthly payments, though total interest paid may increase.
• Simple Documentation: The loan process is hassle-free with minimal paperwork—just basic documents like PAN, passport, or income proof. No collateral or third-party guarantee is required.
• Benefits for Women Applicants: Women borrowers enjoy special concessions such as reduced interest rates and lower processing fees, making their home-buying journey easier.
• Tailored Options for Self-Employed: HDFC provides customized loan solutions for self-employed individuals, ensuring flexible financing suited to their unique financial needs.
• Plan with Ease: Use the HDFC home loan calculator to check eligibility, estimate EMIs, and plan repayments effortlessly before applying.

Types of HDFC Home Loan Interest Rates

When you apply for a Home Loan HDFC, you can choose between two types of interest rate options:

Adjustable Rate Home Loan (ARHL):

• Also called a floating or variable rate loan.
• The interest rate is linked to HDFC Bank’s External Benchmark Lending Rate (Policy Repo Rate).
• Any change in the repo rate will directly affect your applicable interest rate and EMI.

TruFixed Loan:

• The interest rate remains fixed for a specific period (e.g., the first 2 years).
• After this period, it automatically switches to an Adjustable Rate Home Loan with the prevailing rate.
• This gives borrowers stability at the beginning of their loan tenure.

Different Methods for Calculating Interest Rate Payments

When applying for Home Loan HDFC, it’s important to understand how interest is calculated, as this affects your total repayment. You can also use the HDFC home loan calculator to estimate EMIs based on these methods.

1. Simple Interest Method

Interest is calculated only on the principal amount using the agreed HDFC home loan interest rate. This method is straightforward and usually applies to short-term loans.

2. Compound Interest Method

Here, interest is calculated on both the principal and the accumulated interest from previous periods. It’s widely used for long-term loans as it accounts for “interest on interest.”

3. Fixed Interest Rate

The interest rate remains constant throughout the loan tenure. This makes EMIs predictable and easier to plan, a common choice for borrowers who want stability in Home Loan HDFC.

4. Floating or Adjustable Interest Rate

The interest rate changes based on market conditions. While EMIs may fluctuate, borrowers benefit when market rates fall, making this a flexible option for home loans.

5. Annual Percentage Rate (APR)

APR includes the HDFC home loan interest rate along with additional charges, giving borrowers a clearer picture of the total cost. This helps compare different loan offers effectively.

How to Apply for a Home Loan at HDFC?

Whether you apply online through their website or go to a nearby location, HDFC offers a simple application process. You can submit your application, supply the required documentation, and wait for HDFC’s approval by following a few crucial procedures. When your application is accepted, you can move through with the loan agreement process and receive the sanctioned loan amount, putting you one step closer to realizing your dream of becoming a homeowner.

• Visit HDFC Home Loans Website or Branch:
  Log on to the HDFC home loans website or visit a nearby HDFC branch.
• Submit Required Documents:
  To move forward with your loan application, gather and submit the required documents, including identity proof, address proof, income proof, and relevant property documents. Ensure all necessary documentation is provided accurately and promptly to facilitate the loan processing and verification procedures.
• Await Approval and Verification:
  HDFC will carefully examine your application after you submit it. Based on your supplied data, they will determine your eligibility and take the appropriate verification steps. This review procedure is essential to ensure accuracy and compliance with their lending criteria.
• Complete Loan Agreement Process:
  Once your application is accepted, you must complete the loan arrangement by signing the proper paperwork and paying any costs due. This step is necessary to finish the loan application process and move on with the money disbursement.
• Receive Sanctioned Loan Amount:
  Upon successfully completing the loan agreement process, you will receive the approved loan amount as per the terms and conditions.
• Disbursement of Funds:
  The loan funds will be disbursed per the mutually agreed-upon terms and conditions.

HDFC Home Loan Eligibility Criteria

To be eligible for an HDFC Home Loan, applicants must meet certain criteria:

• Income Criteria: Applicants must establish their ability to repay the loan with a steady and predictable income to be approved for one. For various loan amounts and localities, HDFC establishes certain income criteria, often beginning at a minimum of Rs. 25,000.
• Credit Score: The borrower’s credit score is important since it indicates how creditworthy they are. When determining a candidate’s eligibility for a house loan, HDFC considers their credit score.
• Age Criteria: For those requesting house loans, HDFC sets both a minimum and a maximum age restriction. In general, the minimum age requirement is 21, while the maximum age limit varies depending on the loan tenure selected.
• Employment Type: By taking into account the applicant’s employment status—salaried or self-employed—HDFC assesses their stability and repayment capabilities. This evaluation aids HDFC in determining the applicant’s financial stability and capacity to make loan repayments.
• Loan Amount Eligibility: The value of the asset being financed and the borrower’s ability to repay the loan are just two of the many variables that affect an applicant’s eligibility for a particular loan amount. The maximum loan amount that the applicant is eligible for is decided after taking into account these variables.

Documents Required for HDFC Home Loan

Applicants need to submit the following documents when applying for an HDFC Home Loan:

• Proof-of-Identity: Valid documents like an Aadhaar card, PAN card, passport, or voter ID are necessary to establish the applicant’s identity.
• Proof-of-Address: Documents like an Aadhaar card, utility bills, or rental agreement are needed to verify the applicant’s residential address.
• Proof-of-Age: Documents like a birth certificate, school leaving certificate, or any other valid document that confirms the applicant’s age are required.
• Income-Proof: HDFC mandates income proof to evaluate the applicant’s repayment capacity. This may include salary slips, income tax returns, bank statements, or other relevant documents.
• Property-related Documents: Documents about the property being financed, such as the agreement, title deed, NOC from the builder, and property valuation reports, are necessary for verification purposes.

HDFC Home Loan EMI Calculator – How to Calculate HDFC Home Loan Interest Rates?

To calculate your HDFC home loan EMI, use the following formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Where:

• P = Loan amount
• R = Interest rate per month
• N = Loan tenure in months

HDFC Home Loan Interest Rates for the Last 10 Years

HDFC Home Loan Interest Rates Compared to Other Banks | 2025

*Interest rates are subject to change without further notice.  

NoBroker Lowest Home Loan Rates

Here is the table for NoBroker’s lowest home loan rates:

Factors that Affect HDFC Home Loan Interest Rates

• CIBIL score: Your CIBIL score is a measure of your creditworthiness. A higher CIBIL score indicates that you are a good borrower and are less likely to default on your loan. As a result, you will be offered a lower interest rate.
• Loan amount: The loan amount is the total amount of money that you are borrowing. The larger the loan amount, the higher the interest rate will be.
• Loan tenure: The loan tenure is the period over which you will repay the loan. The longer the loan tenure, the higher the interest rate will be.
• Property type: The type of property that you are buying can also affect the interest rate. For example, a loan for a residential property will have a lower interest rate than a loan for a commercial property.
• Lender’s risk appetite: If the lender perceives the loan as being riskier, they will charge a higher interest rate.
• Market conditions: The current market conditions can also affect the interest rate on an HDFC home loan.

Tips for Lower-HDFC Home Loan Interest Rates

• A good credit score: Ensure timely payment of bills and keep your credit utilization ratio low to maintain a favorable credit score.
• opt for shorter tenures: Selecting a shorter loan tenure can potentially lead to lower interest rates.
• Compare schemes and interest rates: Conduct thorough research and compare the various home loan schemes and interest rates offered by HDFC to identify the most suitable option for you.
• Making a higher down payment: Making a higher down payment reduces the loan amount, resulting in a lower interest burden.
• Accurate documentation: Ensure that all required documents are precise and complete to avoid delays and increase the likelihood of securing a lower interest rate.
• Build a relationship with the bank: Establishing a positive relationship with the bank, such as maintaining accounts or investments, may aid in negotiating better interest rates.

The interest rates on HDFC’s home loans are competitive and start at 8.40% p.a. To meet a variety of consumer needs, they offer appealing programmes for women, self-employed people, salaried employees, and NRIs.

HDFC provides adaptable options whether you’re trying to transfer your current loan or purchase a new home. Submit your application right away to take advantage of the current low HDFC home loan interest rates. Visit NoBroker Home Loan Services for more details.

How NoBroker Helps You

Finding the best home loan can be time-consuming, especially with so many banks offering different rates and terms. NoBroker makes this process simple and transparent. With NoBroker’s Home Loan Assistance, you can:

• Compare home loan interest rates from top banks like HDFC, SBI, ICICI, and more — all in one place.
• Get exclusive low-interest rates and zero processing fees offered for NoBroker customers.
• Receive end-to-end support from expert loan advisors to help you with eligibility checks, documentation, and application tracking.
• Use easy online tools like EMI calculators to plan your finances before applying.

NoBroker helps you save time, effort, and money while ensuring a smooth, hassle-free home loan experience.

Conclusion

HDFC offers some of the most competitive home loan interest rates in India, catering to salaried individuals, self-employed professionals, NRIs, and women borrowers. With flexible tenures, quick approvals, and simple documentation, HDFC makes homeownership more accessible and affordable.

To make the process even easier, NoBroker helps you find and compare the best HDFC home loan offers without visiting multiple banks. Whether you’re buying your first home or transferring an existing loan, NoBroker ensures you get the lowest possible rate with minimal effort — helping you take one confident step closer to your dream home.