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: Doctors, Lawyers, CAs, Architects, etc.

• Non-Professionals: Traders, Commission Agents, Contractors, etc.

2. HOME LOAN CHARGES

Processing Fees

• Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + applicable taxes.

Other Charges

• Delayed Payment Charges: Up to 18% p.a. on overdue amounts.

• Document Photocopy: Rs. 500 + taxes.

• Property Document Retention: Rs. 1,000 per month (after 60 days of loan closure).

3. HOME LOAN INTEREST RATES

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

• Interest Rates: Policy Repo Rate + 2.90% to 3.45% = 9.40% to 9.95%.

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.