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About HDFC Home Loans

HDFC Bank offers a comprehensive range of solutions to facilitate the homeownership dreams of millions of Indians. Recognizing the deep significance of buying a home.


Types of HDFC Home Loans

Though several housing loans are available for all individuals, including NRIs - short-term bridge loans, rural housing finance, and reach loans are exclusive to Indian residents. HDFC Home loans aren't limited to house purchases; they cover construction, renovation, or extension.

Here are some loans offered by HDFC Bank:

Home Loans

Comprehensive solutions for purchasing, constructing, renovating, or extending residential properties.

House Renovation Loans

Financing options for enhancing existing homes by making changes such as tile replacement, painting, or interior remodelling.

Home Extension Loans

Loans to fund the addition of floors or rooms to existing residential properties to accommodate growing family needs.

Plot Loan

Financing for purchasing residential plots, whether new or resale, to facilitate future construction of homes.

Short-Term Bridge Loans

Loans to bridge financial gaps when buying a new property while waiting for the sale of an existing property.

Rural House Finance

Specifically tailored loans for farmers, agriculturists, and others to purchase, construct, or improve residential properties in rural and urban areas.

Balance Transfer Loans

Transfer existing home loans to HDFC Bank for better interest rates, repayment terms, or enhanced services.

Reach Home Loans

Loans designed for individuals in the unorganized sector, facilitating the purchase, construction, or enhancement of residential properties.

HDFC Home Loan Interest Rates

Interest Rate* 8.70% onwards
Loan Amount Up to 10 Crores
Loan Tenure Up to 30 years, depending on the type of loan
Processing Fees Up to 2% of the loan amount + applicable taxes

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Note*: The interest rates shown here are as of Feb 2024. The above rates are subject to change at the bank’s discretion in accordance with RBI guidelines. Applicants are advised to check with the bank to determine the interest rate for their loans at the time of application.

Eligibility for HDFC Bank Home Loans

The applicant must meet the following criteria to qualify for HDFC bank home loans.

Eligibility Criteria HDFC Home Loans
Age Minimum: 18 years, Maximum: 70 years
Maximum loan amount Up to ₹10 crore
Tenure Maximum up to 30 years
Interest rates 8.75% onwards
Maximum EMI as percent of income Up to 65%

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Assessing Eligibility for HDFC Bank Home Loans

Eligibility for an HDFC Bank home loan hinges on several key factors.

Several factors determine HDFC home loan eligibility. These include your income and repayment capacity, age, financial profile, credit history, credit score, and debt/obligations such as EMIs. Together, these aspects help HDFC Bank assess your suitability for a home loan.

Age for HDFC Bank Home Loans

  • Applicants must be at least 18 years old, with a maximum age at loan termination or retirement not exceeding 70 years. This ensures a viable repayment period, with HDFC offering a maximum tenure of 30 years.

Income for HDFC Bank Home Loans

  • HDFC BANK Bank extends home loans to salaried employees, professional individuals, and self-employed individuals. Remember that your net monthly income lays the foundation for eligibility, and higher incomes correlate to increased loan amounts. This is the amount you retain after tax deductions and other obligatory expenses.
  • If you wish to increase your eligibility, add a co-applicant – it increases the combined net monthly salary that the bank considers, potentially expanding the limits of your loan amount.

Property Value Parameters for HDFC Bank Home Loans

  • HDFC BANK Bank employs loan-to-value (LTV) ratios rather than disbursing loans equal to the total property value. These ratios are contingent upon the assessed value of the property in question. Considering property value, HDFC BANK employs loan-to-value (LTV) ratios, of up to 80%.

CIBIL Score for HDFC Bank Home Loans

  • A CIBIL Score of 725 or higher is ideal for home loan approval at HDFC Bank. In India, the CIBIL score is the sum of the applicant's credit history and past financial conduct, which is very important to maintain an optimal score.
  • A high score increases your chances of loan approval, while a low one may hinder the process.

FOIR Focus for HDFC Bank Home Loans

  • FOIR, or Fixed Obligation to Income Ratio, is another critical factor for HDFC BANK Bank's home loan eligibility. This ratio compares your fixed financial commitments vis-à-vis monthly income, including current EMIs, if any. HDFC BANK Bank stipulates a minimum FOIR of 0.65 as a prerequisite for home loan eligibility.

HDFC Home Loan Applications - Simplified

Applying for an HDFC Bank Home Loan is a straightforward, streamlined process designed to simplify your journey to homeownership. Here's a concise guide on how to apply, along with the necessary documents:

Here's a concise guide on how to apply, along with the necessary documents:

Check Your Eligibility For HDFC Bank Home Loan

  • Assess factors such as age, income, credit history, FOIR, and dependents to gauge eligibility.
  • Ensure you meet HDFC Bank's eligibility criteria before proceeding.


Apply Online

Apply online for a loan


Download Application

Download and fill out the Application form accurately


Keep Documents Ready

Gather all essential documents, including identification proof


Start Verification Process

The Save Max team will help you with verification & ensure all requirements are met

Document Checklist HDFC Home Loan

List of papers/documents applicable to all applicants:

  • Employer Identity Card
  • Proof of Identity (Any one of the following) : PAN/ Passport/ Driver's License/ Voter ID card
  • Loan Application: Completed loan application form duly filled in, affixed with 3 Passport size photographs

Property Papers

  • Permission for construction
  • Allotment Letter/Stamped Agreement for Sale
  • Occupancy Certificate
  • Conveyance Deed (For New Property)
  • Maintenance Bill, Electricity Bill, Property Tax Receipt
  • Approved Plan copy & Registered Development Agreement of the builder.
  • Payment Receipts for payments made to Builder/Seller

Account Statement

  • Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
  • If the applicant has availed of a loan from other Banks/Lenders, then the Loan A/C statement for the last 1 year

Income Proof for Salaried Applicant

  • Salary Slip or Salary Certificate for the last 3 months.
  • Copy of Form 16 for the last 2 years or copy of IT Returns for the last 2 financial years, acknowledged by IT Dept.

Income Proof for Non-Salaried Applicant

  • Business address proof
  • IT returns for the last 3 years.
  • Balance Sheet and Profit & Loss A/c for last 3 years
  • Business License Details (or equivalent)
  • TDS Certificate (Form 16A, if applicable)
  • Certificate of qualification (for C.A./doctor and other professionals)

* Please note that a co-applicant/guarantor for the home loan will also be required to provide any or all of the above documents upon request for loan approval.

Additional Documents Based on Employment Type For HDFC Home Loan

Salaried Individuals

  • Sale Deed
  • Title Deed
  • Driving License
  • Approved Building Plan
  • Occupancy Documents

Self- Employed Individuals

  • Audited financial statements (last two years)
  • GST Registration
  • Trade License
  • Partnership Deed
  • Occupancy Documents
  • ROC Registration Certificate

List of Documents Required to Apply for HDFC Bank Home Loan

Documents Salaried Self-employed Professional Self-employed non Professional
Application form with photograph duly signed
Identity, address and age proof
Bank statements of last 6 months
Salary slips of last 3 months
Processing fee cheque
Form 16/Income Tax Returns
Proof of Business existence
Business profile
Education qualification certificate and Proof of Business existence
Income Tax Returns (ITR) of last 2 years with computation of income
Last 2 years CA certified/audited Balance Sheets and Profit & Loss Statements

Disclaimer : Bank policies and interest rates are subject to fluctuations and may vary over time. For accurate and up-to-date information, we recommend you talk to a member of the Save Max team. The information provided on this page is referenced from the bank's website (


How do you apply for an HDFC Home Loan?
To apply for an HDFC Home Loan through Save Max, connect with our team. We'll guide you through the process, help with forms and documents, and ensure a smooth submission to our banking partner. With Save Max's assistance, getting your HDFC Home Loan becomes streamlined and hassle-free.
What documents are needed for an HDFC Home Loan?
To initiate your HDFC Home Loan application via Save Max, you must furnish documents such as proof of identity, address, income, property-related confirmations, and bank statements.
What is the maximum tenure for an HDFC Home Loan?
The tenure for an HDFC Home Loan can vary but typically extends up to 30 years.
How can you increase the chances of getting a larger HDFC Home Loan?
Higher income, a strong credit score, a co-applicant, lower debts, and a higher-value property can help. However, each bank has its guidelines on this. Typically, banks lend 80 to 85% of the property's value. If EMI amounts restrict your loan size, extending the loan period can potentially increase the loan amount you qualify for.
What is the maximum loan amount that HDFC Home Loans offer?
The amount depends on your eligibility, income, and loan product. The maximum home loan amount available through HDFC Home Loans ranges from 75% to 90% of the property cost. You get funding to acquire your dream home, home improvement, or extension needs.
What are the Tax benefits of HDFC Home Loans?
Yes, you can take advantage of Tax benefits with HDFC Home Loans. Tax deductions may apply on principal (Section 80C) and interest (Section 24(b)) repayments under Indian tax laws. Consult a tax professional for accurate information as applicable to you.
What is an EMI for HDFC Home Loans?
EMI is a fixed monthly installment covering the principal and interest. It's calculated based on the loan amount, tenure, and interest rate. Use the Save Max EMI calculator to help with precise calculations.