F U L L C I R C L E

Home Loan

Home Loans

At Full Circle, we understand that a home loan is not just a financial transaction — it is much more than that. It is a warm little corner of the world that is yours, tailored to your tastes and needs. It is the place where you celebrate the joys, deal with the sorrows, and enjoy the journey called life.

There is no place like home, and with Full Circle Home Loans, you can gather hopes, achieve your dreams, and create memories in your own space.

Home Loan EMI Calculator
₹5,000,000
20Years
8.83%
Monthly Home Loan EMI

Monthly Home Loan EMI

₹0

Principal Amount: ₹0

Interest Amount: ₹0

Total Amount Payable: ₹0

EMI Breakdown Graph
Rates & Offers Calculators Documents Fees & Charges Rates offered to Customer
(Past Quarter) FAQ

Home Loan Interest Rates

All rates are benchmarked to Policy Repo Rate. Current applicable Repo Rate = 5.50%

Special Housing Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab Interest Rates (% p.a.)
For All Loans* Policy Repo Rate + 2.40% to 7.70% = 7.90% to 13.20%

Home Loan Calculators

Get an estimate of your Loan and home buying budget and own your dream home with HDFC BANK House Loans with ease.

Eligibility Calculator
How much loan can I borrow?
Use slider or type amount (numbers only)

Your Home Loan Eligibility

₹ 10,88,059

Your Home Loan EMI will be ₹ 10,000 /monthly

Affordability Calculator
What should be the budget for my home?

You are Eligible for a Loan Amount upto

₹ 9,00,000

Property Cost ₹ 10,00,000

Refinance Calculator
How much can I save on my EMIs?

Total Saving in Cash Outflow

₹ 4,28,574

Existing EMI ₹ 22,541

Proposed EMI ₹ 20,756

SAVING IN EMI ₹ 1,786

Documents for Home Loan

For home loan approval, you need to submit the following documents for applicant /
all co-applicants along with the completed and signed Loan application form.

A Sr.No. Mandatory Documents
1 PAN Card or Form 60 (If the customer does not have a PAN Card)
B Sr. No. Description of Officially Valid Documents (OVD) that can be accepted for establishing
the legal name & current address of Individuals*
[Any one of the following documents can be submitted] 		Identity Proof Address Proof
1 Passport, the validity of which has not expired. ✔ ✔
2 Driving license which has not expired. ✔ ✔
3 Election / Voters identification card ✔ ✔
4 Job card issued by NREGA duly signed by the officer of the State Government ✔ ✔
5 Letter issued by the National Population Register containing details of name, address. ✔ ✔
6 Proof of possession of Aadhaar Number (to be obtained voluntarily) ✔ ✔

A document mentioned above shall be deemed to be an OVD even if there is a change in the name subsequent to issuance provided it is supported by a marriage certificate or Gazette notification.

Document Salaried Self Employed Professional Self Employed Non Professional
Last 3 months’ Salary Slips ✔
Last 6 months’ Bank Statements, showing salary credits ✔
Latest Form-16 and IT returns ✔
Income Tax Returns along with computation of income for at least the last 2 Assessment Years (of both the individual and the business entity and attested by a CA) ✔ ✔
At least last 2 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules (of both the individual and the business entity and attested by a CA) ✔ ✔
Last 12 months' Current A/c Statements of the business entity and Savings Account Statements of the individual ✔ ✔
For Purchase of a New Home
Document Salaried Self Employed Professional Self Employed Non Professional
Copy of the Allotment Letter / Buyer Agreement ✔
Receipt(s) of payment(s) made to the developer ✔ ✔
For Purchase of a Resale Home
Document Salaried Self Employed Professional Self Employed Non Professional
Title Deeds including previous chain of the property documents ✔ ✔ ✔
Receipt(s) of initial payment(s) made to the seller ✔ ✔ ✔
Copy of the agreement to sell (if already executed) ✔ ✔ ✔
For Constructing a Home on a N.A. Plot
Document Salaried Self Employed Professional Self Employed Non Professional
Title Deeds of the Plot ✔ ✔ ✔
Proof of no encumbrances on the property ✔ ✔ ✔
Copy of the plans, approved by the Local Authorities ✔ ✔ ✔
Construction estimate by an Architect / Civil engineer ✔ ✔
Document Salaried Self Employed Professional Self Employed Non Professional
Own Contribution Proof ✔ ✔ ✔
Employment Contract / Appointment Letter in case current employment is less than one year old ✔
Last 6 months’ Bank Statements showing repayment of any ongoing loans ✔ ✔ ✔
Passport size photograph of all applicants / co-applicants to be affixed on Application form and signed across ✔ ✔ ✔
Cheque for processing fee favouring HDFC Bank ✔ ✔ ✔
Business Profile ✔ ✔
Latest Form 26 AS ✔ ✔
List of Directors and Shareholders certified by a CA / CS ✔ ✔
Memorandum and Articles of Association of the Company ✔ ✔
Partnership deed in case of partnership firm ✔ ✔
Details of ongoing loans of individual and business entity ✔ ✔

*All documents to be self-attested. The above list is indicative in nature and additional documents can be asked for.

Home Loan Charges

Processing Fees & Charges
Processing Fees & Charges
Processing Fee (Non-refundable) Salaried / Self employed Professional: Upto 0.50% of the loan amount or Rs. 4,000/- whichever is higher, plus applicable taxes. Minimum Retention Amount: Upto 50% of applicable fees or Rs. 4,000/- + applicable taxes whichever is higher.
For Self-Employed Non-Professionals: Upto 1.50% of the loan amount or Rs. 5,000/- whichever is higher, plus applicable taxes. Minimum Retention Amount: Upto 50% of applicable fees or Rs. 5,000 + applicable taxes whichever is higher.
For NRI Loans: Upto 1.50% of the Loan amount or Rs. 4,000/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: Upto 50% of applicable fees or Rs. 4,000/-+applicable taxes/statutory levies whichever is higher.
For Value Plus Loans: Upto 1.50% of the Loan amount or Rs. 5000/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: Upto 50% of applicable fees or Rs. 5,000/-+applicable taxes/statutory levies whichever is higher.
For HDFC Reach Scheme: Upto 2.00% of the loan amount+ applicable taxes / statutory levies. Minimum Retention Amount: Upto 50% of applicable fees or Rs. 4,000/-+applicable taxes/statutory levies whichever is higher.
Re-Appraisal Of Loan After 6 Months From Sanction(applicable for housing and non-housing) Salaried / Self employed Professional- Upto Rs. 3300/- For Self-Employed Non-Professionals/ NRI/ Value Plus Loans/ HDFC Reach Scheme- Upto Rs. 5000.
Conversion of ROI from floating to fixed Upto Rs. 3000/-
List Of Documents (For issuance of duplicate LOD post disbursement) Upto Rs. 500/-
Photocopy of Documents Upto Rs. 500/-
Repayment Mode Change Charges Upto Rs. 500/-
Stamp Duty & Statutory / Regulatory Charges At actual
Incidental Charges At actual
Cersai Charges At actual (upto Rs.100/-)
Mortgage Guarantee At actual
Administrative Charges Upto Rs. 5000/- plus applicable taxes
Other penal charges, if any —
Non Compliance of sanction / agreed Terms Upto 2% p.a. on principal outstanding for non-compliance until fulfillment (charged monthly)
Subject to Max Rs. 50,000/- for critical security deferrals
Max Rs. 25,000/- for other deferrals
Conversion Fees/Charges (For Home Loan, HL Top Up & Plot Equity Loan) Switch to lower rate in Variable rate loans:
Upto 0.50% of principal outstanding and undisbursed amount (if any) or Rs. 3000 (whichever is lower) for 1st conversion.
For subsequent conversions – upto 0.50% or Rs. 2000 (whichever is lower).
Switch from Combination rate home loan under fixed rate term / Fixed rate loan to Variable rate – Upto 1.50% of Principal Outstanding
Payment Return Charges Rs. 450/-
Premature Closure Charges • Adjustable Rate Loans (ARHL) & Combination Rate Home Loan (CRHL) – Nil during Variable Rate period.
• Fixed Rate Loans (FRHL) & CRHL during Fixed Rate period – 2% plus applicable taxes/statutory charges (except when prepaid through own sources).
Property Document Retention Charges Rs. 1000/- per calendar month after 2 months from loan closure date.
Own Sources: The expression "own sources" for this purpose means any source other than borrowing from a Bank / HFC / NBFC or Financial Institution. The Borrower will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan.

1. All the above charges/fees/commissions are exclusive of taxes. All government taxes are applicable.
2. 10% discount to senior citizens on all service charges.
3. Service charges/fees/commissions may be revised with approval of Business Head in case of regulatory requirement.
4. NIL Premature Closure / Foreclosure / Prepayment Charges for Fixed Rate Loan facility up to Rs. 50 Lakh availed by Micro & Small Enterprises.
5. NIL Processing Fees for loan facility up to Rs. 5 Lakh availed by Micro & Small Enterprises, subject to URC submission prior to disbursal.
6. Interest rate of 18% p.a. will be levied on the amount utilized above the operating limit of overdraft facility (Applicable for DOD facility only).
7. Penal charges will be realised on cash basis.
8. Interest will be charged on unpaid EMI for the number of days EMI is delayed. This interest is calculated at the loan’s contracted rate and will be added to the next EMI.
9. 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.
10. Processing fee, administrative fee, stamp duty, CERSAI fee and all other charges are non-refundable.

Note: In the event of default, the details of the authorised associate to approach for recovery of dues will be intimated through a payment reminder communication. Any change in such details will also be communicated thereafter. The list of authorised associates empanelled for handling collections is updated on the Bank’s website for reference.
✔
Other Charges
Other Charges
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

Conversion Charges
Conversion 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 (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 (for customers who have availed EMI-based Floating Rate Personal Loans) Please refer to RBI Circular No. 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.
Miscellaneous Receipts
Miscellaneous Receipts
Payment Return Charges Rs. 300/- per dishonour.
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 Change Charges Upto Rs. 500/- + applicable taxes / statutory levies.
Custody Charges / Property Document Retention Charges Rs. 1000 per calendar month, after 2
calendar months from the date of closure of all loans / facilities linked to the collateral.
Charges for Non-Adherence of Sanction Terms
(agreed by customer at the time of disbursement)		 Upto 2% charges per annum on principal outstanding for non-compliance of agreed terms until fulfillment (charged on monthly basis). Subject to cap of Rs. 50,000/- for critical security related deferrals. Max Rs. 25,000/- for other deferrals.
Pre Mature Closure / Part Payment Charges
Pre Mature Closure / Part Payment Charges
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 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.
Property Document Retention Charges
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.

Non-Housing Charges

Loan Processing Charges*

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

Pre-Payment / Part Payment Charges

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 in excess of said 25%.
• Nil Part Payment charges for floating rate term loan 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 amount up to Rs. 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 decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%.

Premature Closure Charges

Premature closure charges
Floating rate term loan availed by Individual borrowers for Business Purpose 2.5 % of the Principal Outstanding
>60 months after the disbursement of the Loan – NIL Charges
Floating rate term loan availed by Individual borrowers for End Use other than Business Purpose 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 amount up to Rs. 50 Lakh availed by Micro & Small Enterprises.
Payment Return Charges ₹450
Repayment schedule charges* ₹50 per instance
Repayment mode change charges* ₹500
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.
Revision in Spread 0.1% of Principal Outstanding OR Rs. 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 on monthly basis) Subject to a Max of Rs 50000/-
CERSAI Charges Rs. 100 for each property
Property Swapping / Partial property Release* 0.1% of the loan amount.
Min – Rs. 10,000/-. Max of Rs 25000/- per property
Document Retrieval charges post Disbursement* Rs. 75/- per document set. (Post disbursement)

Other Charges

Other charges
Payment Return Charges ₹450
Repayment schedule charges ₹500 per instance (Digital – Free)
Repayment mode change charges ₹500
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.
Revision in spread 0.1% of Principal Outstanding OR Rs. 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 of 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 of sanction terms. 2% per annum additional on existing ROI- (Charged on monthly basis) Subject to a Max of Rs 50000/-
CERSAI Charges Rs. 100 for each property / at actuals
Property Swapping / Partial Property Release 0.1% of the loan amount.
Min – Rs. 10,000/-. Max of Rs 25000/- per property
Document Retrieval charges post Disbursement* Rs. 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 service charges.

Home Loan Eligibility

Home loan eligibility is primarily dependent on income and repaying capacity. Other important factors include
the customer’s profile, age at loan maturity, age of property at loan maturity, investment and savings history, etc.

Important Factor Criteria
Age 18 – 70 years
Profession Salaried / Self Employed
Nationality Resident Indian
Tenure Up to 30 years

Classification Of Self Employed

Self-Employed Professional Self Employed Non-Professional (senp)
Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary etc. Trader, Commission Agent, Contractor etc.

How Does Adding 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 loan. Generally, co-applicants are close family members.

Maximum Funding**
Loans up to and including ₹30 lacs 90% of the property cost
Loans from ₹30.01 lacs to ₹75 lacs 80% of the property cost
Loans above ₹75 lacs 75% of the property cost

Rates Offered to Customer (Past Quarter)

Segment IRR APR
Min Max Avg. Min Max Avg.
HOUSING 8.35 12.50 8.77 8.35 12.50 8.77
NON - HOUSING* 8.40 13.30 9.85 8.40 13.30 9.85

*NON - HOUSING = LAP(EQUITY), NON-RESIDENTIAL PREMISES LOAN & INSURANCE PREMIUM FUNDING

Frequently Asked Questions for Housing Loans

Home loan is a form of secured loan that is availed by a customer to purchase a house. The property can be an under-construction or a ready property from a developer, purchase of a resale property, to construct a housing unit on a plot of land, to make improvements and extensions to an already existing house and to transfer your existing loan availed from another financial institution to HDFC Bank. A housing loan is repaid through equated monthly installments (EMI) which consists of a portion of the principal borrowed and the interest accrued on the same.

You can avail a HDFC Bank Home Loan online in 4 quick and easy steps:
1. Sign Up / Register
2. Fill in the home loan application form
3. Upload Documents
4. Pay Processing Fee
5. Get Loan Approval

You are required to pay 10-25% of the total property cost as ‘own contribution depending upon the loan amount. 75 to 90% of the property cost is what can be availed as a housing loan. In case of construction, home improvement and home extension loans, 75 to 90% of the construction/improvement/extension estimate can be funded.

House Loan eligibility depends on the income and repayment capacity of the individual. Please find details about home loan eligibility criteria:
Particulars Salaried Individuals Self-Employed Individuals
Age 21 years to 65 years 21 years to 65 years
Minimum Income ₹10,000 p.m. Rs.2 lakh p.a.

Yes. You may be eligible for tax benefits on repayment of the principal and interest components of your Home Loan as per sections 80C, 24(b) and 80EEA of the Income Tax Act, 1961. Since the benefits may vary each year, please do consult your chartered accountant/ tax expert for the latest information.

You can take disbursement of your home loan once the property has been technically appraised, all legal documentation has been completed, and you have made your down payment.
You can submit a request for the disbursement of your loan online or by visiting any of our offices.

Some of the factors that determine your eligibility for a home loan are:
  • Income and Repayment Capacity
  • Age
  • Financial Profile
  • Credit History
  • Credit Score
  • Existing Debt/EMIs

Full Circle will determine your Housing Loan Eligibility largely by your income and repayment capacity. Other important factors include your age, qualification, number of dependants, your spouse's income (if any), assets & liabilities, savings history and the stability & continuity of occupation.

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.

The Home loan process in India usually goes through the following stages:
Home Loan Application & Documentation
You can apply for a home loan online from the ease and comfort of your home with HDFC Bank's online application feature. Alternatively, you can share your contact details here for our loan experts to get in touch with you and take your loan application forward. The documentation needed to be submitted along with your home loan application form is available here.This link provides a detailed checklist of KYC, Income and property related documents required for the processing of your loan application. The checklist is indicative and additional documents could be asked for during the home loan sanction process.
Approval & Disbursement of Home Loan
Approval Process: The home loan is assessed basis the documents submitted as per the above-mentioned checklist and the approved amount is communicated to the customer. There might be a difference between the housing loan amount applied for and the amount approved. On approval of the housing loan, a sanction letter detailing the loan amount, tenure, applicable interest rate, repayment mode and other special conditions required to be fulfilled by the applicants is issued.

Disbursement Process: The housing loan disbursement process begins with submitting the original property related documents to HDFC Bank. In case the property is an under-construction property, disbursement is done in tranches according to the construction linked payment plan provided by the developer. In the case of construction/home improvement/home extension loans, disbursement is done as per the progress of construction/improvement as per the estimate provided. For second sale / resale properties the complete loan amount is disbursed at the time of execution of a sale deed.
Repayment of Home Loan
Repayment of home loans is done through Equated Monthly Installments (EMIs), which is a combination of interest and principal. In the case of loans for resale homes, EMI begins from the month subsequent to the month in which disbursement of the loan is done. In the case of loans for under-construction properties, EMI usually begins once the construction is complete and the house loan is fully disbursed. Customers can however also choose to begin their EMIs sooner. The EMIs will proportionately increase with every partial disbursement made as per the progress of construction.

The following types of Home Loans products are usually offered in India by Housing Finance Institutions:
Home Loans
These are Loans availed for:

1. The purchase of a flat, row house, bungalow from private developers in approved projects;

2. Loans for purchase of properties from Development Authorities such as DDA, MHADA as well as Existing Co-operative Housing Societies, Apartment Owners' Association or Development Authorities settlements or privately built up homes;

3. Loans for construction on a freehold / lease hold plot or on a plot allotted by a Development Authority
Plot Purchase Loan
Plot purchase loans are availed for purchase of a plot through direct allotment or a second sale transaction as well as to transfer your existing plot purchase loan availed from another bank /financial Institution.
Balance Transfer Loan
Transferring your outstanding home loan availed from another Bank / Financial Institution to HDFC Bank is known as a balance transfer loan.
House Renovation Loans
House Renovation Loan is a loan for renovating (without altering the structure/carpet area) your home in many ways such as tiling, flooring, internal / external plaster and painting etc.
Home Extension Loan
Home Extension Loan helps you to extend or add space to your home such as additional rooms and floors etc.

Yes. You can avail two home loans at the same time. However, the approval of your loan depends on your repayment capacity. It is up to HDFC Bank to assess your eligibility and ability to repay the EMIs for two home loans.

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.

For your convenience, HDFC Bank offers various modes for repayment of your house loan. You may issue standing instructions to your banker to pay the installments through ECS (Electronic Clearing System), opt for direct deduction of monthly installments by your employer or issue post-dated cheques from your salary account.

The maximum repayment tenure depends on the type of housing loans you are availing, your profile, age, maturity of loan etc.
For home loans and balance transfer loans, the maximum tenure is 30 years or till the age of retirement, whichever is lower.
For Home Extension Loans, the maximum tenure is 20 years or till the age of retirement, whichever is lower.
For Home Renovation and Top-Up Loans, the maximum tenure is 15 years or till the age of retirement, whichever is lower.

EMI's begins from the month subsequent to the month in which disbursement of the loan is done. For loans for under-construction properties EMI usually begins after the complete home loan is disbursed but customers can choose to begin their emi’s as soon as they avail their first disbursement and their EMI’s will increase proportionately with every subsequent disbursement. For resale cases, since the whole loan amount is disbursed in one go, EMI on the whole loan amount start from the subsequent to the month of disbursement

Pre-EMI is the monthly payment of interest on your Housing loan. This amount is paid during the period till the full disbursement of the loan. Your actual loan tenure — and EMI (comprising of both principal and interest) payments — begins once the Pre-EMI phase is over i.e. post the house loan has been fully disbursed.

All co-owners of the property need to be co-applicants to the house loan. Generally, co-applicants are close family members.

Your housing loan interest rate depends on the type of loan you choose. There are two types of loans:
Adjustable Rate or Floating Rate
In an adjustable or floating rate loan, the interest rate on your loan is linked to your lender’s benchmark rate. Any movement in the benchmark rate will effectuate a proportionate change in your applicable interest rate. The interest rates are reset at defined intervals. The reset can be according to the financial calendar, or they can be unique to each customer, depending on the first date of disbursement. HDFC Bank may at its sole discretion, at any point during the subsistence of the loan agreement, alter the interest rate reset cycle on a prospective basis.
Combination Loans
A combination loan is part fixed and part floating. Post the fixed rate tenure, the loan switches to an adjustable rate.

Yes. You can prepay your home loan (in part or in full) before the completion of your actual loan tenure. Please note that while there are no prepayment charges on floating rate home loans unless the same availed for business purposes.

No. You don’t need to have a guarantor for your home loan. You will only be asked for a guarantor in certain situations, namely:
  • When the primary applicant has a weak financial standing
  • When the applicant wants to borrow an amount that is beyond their eligibility.
  • When the applicant earns less than the established minimum income criteria.

No. Housing loan insurance is not mandatory. However, it is advisable that you buy insurance for protection against any unforeseeable circumstances.

A housing loan provisional certificate is a summary of the interest and the principal amounts repaid by you towards your loan during a financial year. It is provided to you Full circle and is required for claiming tax deductions. If you are an existing customer, you can easily download your provisional home loan provisional certificate from our online portal .

Our HDFC Bank Reach Loans make home buying possible for micro-entrepreneurs and salaried individuals who may or may not have sufficient proof of income documentation. You can apply for a house loan with minimal income documentation with HDFC Bank Reach.

HDFC Bank disburses loans for under construction properties in installments based on the progress of construction. Every installment disbursed is known as a 'part' or a 'subsequent' disbursement.

You can apply for a pre approved home loan which is an in-principal approval for a loan given on the basis of your income, creditworthiness and financial position. Generally, pre-approved loans are taken prior to property selection and are valid for a period of 6 months from the date of sanction of the loan.

Securing a housing loan from HDFC bank is a simple and involves meeting certain criteria such as a stable income, good credit score, and a reasonable debt-to-income ratio. The loan amount is determined by factors like creditworthiness and other bank policies. Essential documents include proof of income, KYC, employment verification, and details about assets and debts. To enhance approval chances, it is advisable to maintain a healthy credit score, save for a down payment, and minimize outstanding debts. Various loan types, including fixed-rate, adjustable-rate, etc cater to different needs, allowing borrowers to choose the option that best aligns with their financial situation and preferences.