Home Loan EMI Calculator

HDFC Bank

1. HOME LOAN ELIGIBILITY

Important Factors

• Age: 18-70 years.

• Profession: Salaried or Self-Employed.

• Nationality: Resident Indian.

• Tenure: Up to 30 years.

Classification of Self-Employed

• Professionals: Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary etc.

• Non-Professionals: Trader, Commission Agent, Contractor etc.

2. HOME LOAN CHARGES

Processing fee/Loan processing charge (non-refundable)

• Salaried / Self employed Professional

• Upto 0.50% of the loan amount or Rs. 4,000/- whichever is higher, plus applicable taxes.

• For Self-Employed Non-Professionals:

• Upto 1.50% of the loan amount or Rs. 5,000/- whichever is higher, plus applicable taxes.

• For NRI Loans

• Upto 1.50% of the Loan amount or Rs. 4,000/- whichever is higher  +  applicable taxes / statutory levies and charges.

• For Value Plus Loans

• Upto 1.50% of the Loan amount or Rs. 5000/- whichever is higher + applicable taxes / statutory levies and charges.

• For HDFC Reach Scheme

• Upto 2.00% of the loan amount+ applicable taxes / statutory levies.

• Processing Fee is non-refundable in nature

Other Charges

3. HOME LOAN INTEREST RATES

• Standard Home Loan Rates (Salaried & Self-Employed):

• Interest Rates: Policy Repo Rate + 2.40% to 7.70%= 7.90% to 13.20%

To estimate your EMIs accurately, you can use the HouseGyan Home Loan Calculator for instant results.

4. DOCUMENTS REQUIRED FOR HOME LOAN

Identity and Residence (KYC)

• PAN Card or Form 60.

• Officially Valid Documents (Any one of the following):

• Passport (valid).

• Driving license (valid).

• Voter ID.

• NREGA job card (signed by a State Government officer).

• Letter from National Population Register.

• Aadhaar (voluntary).

Income Documents

• Salaried Individuals:

• Last 3 months' salary slips.

• Last 6 months' bank statements showing salary credits.

• Latest Form-16 and IT returns.

• Self-Employed Individuals:

• IT Returns and financial statements for the last 2 years (CA-attested).

• Bank statements (last 12 months).

Property Documents

• New Home Purchase:

• Allotment Letter/Buyer Agreement.

• Payment receipts.

• Resale Home Purchase:

• Title deeds and previous property documents.

• Agreement to sell and payment receipts.

• Construction on Plot:

• Title deeds and proof of no encumbrances.

• Approved construction plans and estimates.

Other Requirements

• Proof of own contribution.

• Employment contract (if current employment is less than a year old).

• Passport-sized photographs of applicants/co-applicants.

• Processing fee cheque in favor of HDFC Bank.

5. FEATURES & BENEFITS OF HOME LOAN

Home Loan Benefits

• End-to-End Digital Process: Simplified home loan approval in just 4 steps.

• Customised Repayment Options: Flexible loans tailored to your needs.

• Easy Documentation: Minimal paperwork, saving time and effort.

• 24x7 Assistance: Get support anytime via Chat or WhatsApp.

• Online Loan Account: Manage your loan conveniently through your account.

Key Features

• Legal and technical counseling to assist in making the right home-buying decision.

• Integrated branch network for availing and servicing loans across India.

• Special arrangements for home loans for Indian Army personnel via AGIF.

• Loans for:

• Purchase of flats, row houses, or bungalows in approved projects.

• Properties from Development Authorities such as DDA, MHADA.

• Existing Co-operative Housing Societies, Apartment Owners’ Associations, or privately built homes.

• Construction on freehold/leasehold plots or plots allotted by Development Authorities