HDFC Home Loan
Complete guide to HDFC Home Loan with interest rates, eligibility criteria, and application process
Rajesh Kumar
Home Loan Expert
Interest Rate
8.50% p.a.*
Loan Tenure
Up to 30 Years
Loan Amount
Up to ₹10 Cr
Processing Fee
0.50%*
- Lowest interest rates in the market
- Quick approval in 3-4 days
- Flexible repayment options
- No prepayment charges after 6 months
- Balance transfer facility available
- Top-up loan facility
For Salaried Individuals
- Age: 21 to 65 years
- Income: Minimum ₹25,000 per month
- Employment: Minimum 2 years of work experience with 1 year in current organization
- Credit Score: 750 or above preferred
For Self-Employed Individuals
- Age: 21 to 65 years
- Business Vintage: Minimum 3 years in current business
- Income: Minimum annual income of ₹3 lakhs
- ITR: Last 2 years ITR required
What is the maximum loan amount I can get?
HDFC offers home loans up to ₹10 crores, subject to your eligibility based on income, age, and property value.
Can I prepay my home loan?
Yes, you can prepay your home loan without any charges after 6 months for floating rate loans. Fixed rate loans may have prepayment charges.
What is the minimum credit score required?
While there's no strict minimum, a credit score of 750 or above significantly improves your chances of approval and getting better interest rates.
How long does the approval process take?
In-principle approval can be given within 60 minutes. Final approval typically takes 3-4 working days after document verification and property valuation.
Can I get a home loan for under-construction property?
Yes, HDFC provides home loans for under-construction properties. The loan is disbursed in stages based on construction progress.