HDFC Home Loans Home Loan Review
Detailed review of the HDFC Home Loans home loan — interest rate, processing fee, eligibility, EMI math and who it's best for.
HDFC Home Loans Home Loan at a glance
The HDFC Home Loans home loan offers an interest rate of 8.50% - 9.40% with loan amounts ranging Up to ₹10Cr. Processing fee is Up to 0.50% of the sanctioned amount (plus 18% GST). Typical turnaround from application to disbursal is 3-7 days for digitally pre-qualified customers.
Pros & cons
- Competitive starting rate from 8.5% p.a.
- Sanction in 3-7 days for pre-approved customers.
- Loan amounts up to Up to ₹10Cr.
- No prepayment penalty on floating-rate home loans (RBI rule).
- Accepts salaried/se, 21-65 yrs.
- Headline rate (8.5%) reserved for top credit profiles; actual rate may be higher.
- Processing fee of Up to 0.50% is non-refundable post disbursal.
- Minimum CIBIL of 700 required — lower scores get higher rates or rejection.
- Legal, technical and stamp-duty charges add to upfront cost.
EMI & total cost example
For a sample ₹50 lakh, 20-year home loan at the starting rate of 8.5% p.a. (reducing balance):
Reducing-balance formula per RBI Fair Practices Code. Actual EMI may differ based on final approved rate, tenure and any fees financed into the loan. Use our EMI calculator for custom inputs.
Eligibility & documents
HDFC Home Loans requires the following to process a home loan application:
- Eligibility: Salaried/SE, 21-65 yrs.
- Income: Minimum ₹30,000 net per month for salaried applicants.
- CIBIL score: 700+ with clean repayment history on existing credit lines.
- KYC: PAN card, Aadhaar (for OTP-based e-sign), passport-size photo.
- Income proof (salaried): Last 3 months payslips, last 6 months salary bank statement, latest Form 16.
- Income proof (self-employed): Last 2 years ITR with computation, 12 months current account statement, business proof, GST returns if applicable.
- Property: Sale agreement, chain of title documents, approved building plan, NOC from society/builder.
Subject to HDFC Home Loans's sanction policy and the RBI's Fair Practices Code and National Housing Bank guidelines.