HDFC Ltd. Home Loan 

A home is one of the first things people think of buying, in their youth – how they want it to look like, what are things they will have in the house, etc. But as they get older, they realize that to make this dream of theirs come true they need money which is not easy to save with the current economy and inflation crisis. It is to help this goal of people, to buy their dream homes that HDFC Ltd. offers home loans.  

A home loan is often a very large amount that you borrow from the bank, for the purpose of buying a home. The EMI also tends to be high and therefore you need to decide before hand how much an amount of loan you would want, what interest rate you are comfortable paying and also the tenure of the loan. 

Home Loan from HDFC Ltd. 

HDFC Ltd. offers seamless and customized home loans to individuals for interest rates starting at just 6.8%, which you can repay over the tenure of up to 30 years. 

Home Loan Interest Rates 

Interest Rates for Home Loans by HDFC Ltd. vary depending on a few factors like the amount, the tenure, etc. 

The interest rates for an HDFC Ltd. Home Loan start at 6.80% p.a. (special home loan rate). Usually, interest rates for a Home Loan start from 6.95% p.a. for women applicants and 7% p.a. for others.  

Given below is a table consisting of the various home loan schemes offered by HDFC Ltd.: 

Schemes of HDFC Housing LoanInterest Rates 
HDFC Home Loan 6.80% to 8% per annum 
HDFC Rural Housing Loan 6.95% to 8.70% p.a. 
HDFC Home Improvement Loan 6.80% to 8% p.a. 
HDFC Home Extension Loan 6.80% to 8% p.a. 
HDFC Home Loan Top Up 8.30% to 8.80% p.a. 
HDFC Plot Loan 7.05% to 8.10% p.a. 
HDFC Home Loan Balance Transfer 6.80% to 8% p.a. 
HDFC NRI Home Loan 6.80% to 8% p.a. 
HDFC Reach Home Loan 8.75% to 14% p.a. 


HDFC Home Loan Schemes 

HDFC Ltd. offers a plethora of home loan schemes and plans for both salaried and self-employed individuals. Given below is a list consisting details of all the schemes which can be availed by the customers 

  1. HDFC Housing Loan 
  • For purchasing a flat, an independent bungalow, a row house, or even properties from Development Authorities 
  • Interest concession applicable for women applicants 
  • Loans for locals or resident Indians only 
  • Finances up to 90% of the total property cost 
  1. HDFC Plot Loan 
  • For purchasing a plot by its direct allotment.  
  • Customized options of repayment 
  • Counselling by expert legal and technical professionals 
  • Enjoy availability of loans even for the purchase of a resale plot. 
  1. HDFC Rural Housing Loan 
  • Rates starting at an attractive 6.95% p.a. 
  • Tailored to suit the needs of agriculturists, planters, horticulturists, dairy farmers who wish to purchase a residential property in rural and urban areas 
  • Agriculturists applying for loan need not provide IT Returns 
  • Agriculturists also benefit from a longer repayment tenure of up to 20 years. 
  1. HDFC Reach Home Loan 
  • These loans are designed for the purchase of a new or existing home 
  • Salaried individuals with a minimum monthly income of Rs.10,000 and self-employed individuals with an income of Rs.2 lakh p.a. are eligible to avail this scheme. 
  • Loan can be used for plot purchasing 
  1. HDFC Home Improvement Loan 
  • Loan exclusively meant for home renovation. 
  • Documentation process is simple and hassle free 
  • Interest rates for this scheme is vastly similar to normal home loan rates 
  1. HDFC Home Extension Loan 
  • Loans meant to add or extend space to your home 
  • 20 years maximum duration 
  • Special concession of Interest rates for women applicants 
  1. HDFC Top Up Loans 
  • Loans for needs of both professional and personal requirements 
  • Maximum loan of Rs.50 lakhs 
  • T&C: One can apply only after 12 months/1 years of the final disbursement of their existing home loan and upon possession or completion of the existing financed property 
  1. HDFC Balance Transfer Loans 
  • Transfer your existing loan to HDFC conveniently and be a part of HDFC Community 
  • Additional top up of the loan for up to Rs.50 lakh 
  • Special arrangement with Army Group Insurance Fund (AGIF) for Home Loans for those employed in the Indian Army. 
  • Customized options of repayment 
  1. HDFC NRI Home Loans 
  • Home loans meant for NRIs for purchase of an apartment, a row house, or even a bungalow from independent builders for approved projects in India 
  • Loans available for property purchase located pan India 
  • Home loan advisory services available in the country you currently reside 
  • Loans for purchasing properties from any DA (Development Authorities of India) 
  • Interest subsidy of up to 6.50% p.a. 
  • Savings of up to Rs.2.67 lakh under PMAY CLSS 
  • Attractive and cheap home schemes for Economical Weaker Section (EWS), Lower Income Group (LIG), and Middle-Income Group (MIG) 
  • Maximum loan tenure of 20 years will the interest rate subsidy be available. 

Factors Affecting EMI of Home Loan 

Home Loan EMI can be calculated using an online Housing Loan Calculator which takes into account many factors like loan amount, interest rate and the tenure or duration for which you are planning to avail the loan. 

  • Loan amount – This is the amount you want to borrow to fulfil your home needs. ‭‭Home loan amount mainly depends on value of the property for which the loan is availed. 

Fincity offers Home Loan for amounts as low as Rs. 30 lakhs to as high as Rs. 5 Crores. 

  • Loan Tenure – Loan tenure is the duration over which a Home Loan is repaid. In practice, a shorter tenure results in higher EMIs but helps you save on the total interest payout of the loan. The longest loan tenure available across banks and NBFC’s in India for buying a home on a loan is around 30 years, subject to the borrower’s current age and retirement age.  
  • Interest Rate – The Rate of Interest is the interest charged on the borrowed loan amount and is one of the components of monthly EMI along with principal repayment. 

Home Loan Amortization Calculation 

An amortization schedule is a table of periodic loan payments that shows the amount of principal and the amount of interest that make up each monthly payment until the loan is paid off at the end of its tenure. 

The Home Loan monthly EMI will be equal, in a schedule of amortization, but the component of the EMI, which consists of principal payment and also the interest payment, will not remain the same every month, meaning it keeps on changing. 

The EMI schedule of loan for an amount if Rs.20 lakhs and for a tenure of 30 years is explained below in the table. 

Year Interest Paid During each Year Principal Repaid During Each YearTotal Amount Paid During Each Year (Interest + Principal)Principal Outstanding 
2021 Rs.1,34,349 Rs.21,315 Rs.1,55,664 Rs.19,78,685 
2022 Rs.1,32,864 Rs.22,799 Rs.1,55,664 Rs.19,55,886 
2023 Rs.1,31,277 Rs.24,387 Rs.1,55,664 Rs.19,31,499 
2024 Rs.1,29,579 Rs.26,085 Rs.1,55,664 Rs.19,05,415 
2025 Rs.1,27,763 Rs.27,901 Rs.1,55,664 Rs.18,77,514 
2026 Rs.1,25,820 Rs.29,843 Rs.1,55,664 Rs.18,47,671 
2027 Rs.1,23,742 Rs.31,921 Rs.1,55,664 Rs.18,15,749 
2028 Rs.1,21,520 Rs.34,144 Rs.1,55,664 Rs.17,81,606 
2029 Rs.1,19,142 Rs.36,521 Rs.1,55,664 Rs.17,45,084 
2030 Rs.1,16,599 Rs.39,064 Rs.1,55,664 Rs.17,06,020 
2031 Rs.1,13,879 Rs.41,784 Rs.1,55,664 Rs.16,64,236 
2032 Rs.1,10,970 Rs.44,694 Rs.1,55,664 Rs.16,19,542 
2033 Rs.1,07,858 Rs.47,805 Rs.1,55,664 Rs.15,71,737 
2034 Rs.1,04,530 Rs.51,134 Rs.1,55,664 Rs.15,20,603 
2035 Rs.1,00,969 Rs.54,694 Rs.1,55,664 Rs.14,65,908 
2036 Rs.97,161 Rs.58,503 Rs.1,55,664 Rs.14,07,406 
2037 Rs.93,087 Rs.62,576 Rs.1,55,664 Rs.13,44,830 
2038 Rs.88,730 Rs.66,933 Rs.1,55,664 Rs.12,77,897 
2039 Rs.84,070 Rs.71,594 Rs.1,55,664 Rs.12,06,303 
2040 Rs.79,085 Rs.76,578 Rs.1,55,664 Rs.11,29,725 
2041 Rs.73,753 Rs.81,910 Rs.1,55,664 Rs.10,47,814 
2042 Rs.68,050 Rs.87,614 Rs.1,55,664 Rs.9,60,200 
2043 Rs.61,949 Rs.93,714 Rs.1,55,664 Rs.8,66,486 
2044 Rs.55,424 Rs.1,00,239 Rs.1,55,664 Rs.7,66,247 
2045 Rs.48,445 Rs.1,07,219 Rs.1,55,664 Rs.6,59,029 
2046 Rs.40,980 Rs.1,14,684 Rs.1,55,664 Rs.5,44,344 
2047 Rs.32,994 Rs.1,22,669 Rs.1,55,664 Rs.4,21,675 
2048 Rs.24,453 Rs.1,31,210 Rs.1,55,664 Rs.2,90,465 
2049 Rs.15,317 Rs.1,40,346 Rs.1,55,664 Rs.1,50,118 
2050 Rs.5,545 Rs.1,50,118 Rs.1,55,664 Rs.0 

Formula for EMI Calculation 

Generally, the EMI for a Home Loan is calculated using the given formula: 

E = P * r * (1+r) ^ n / ([(1 + r) ^ n] – 1) 

In the formula mentioned above, 

E = Equated Installment 

This is the total obligations required to pay per month 

P = Amount of Loan 

This can be anywhere between Rs.15,00,000 to Rs.5,00,00,000 

r = Rate of Interest  

This means the interest rate per month. For Axis Bank, this ranges from 6.9% to 8.30%  

n = tenure in months  

Usually, the tenure for a home loan ranges from 15 years to 30 years. 

For Axis Bank Home Loans, the tenure ranges from 60 months all the way up to 360 months or 30 years. 

Home Loan EMI Calculator and its Benefits 

An EMI or Equated Monthly Instalment is a fixed amount that a borrower must pay to the lender every month till the tenure of their loan ends.  

Calculating the EMI and its components can be a tiring and not-so-efficient task for most first-time financers. A home loan EMI calculator can easily do these complex calculations in seconds, and save you from the trouble of doing it manually. 

Performing such complicated home loan EMI calculations manually can be both time-consuming and inaccurate. A home loan monthly EMI calculator thus saves a lot of the valuable time of prospective home buyers. 

It gives you an accurate approximate, which is crucial for financial planning. There is almost no possibility for any inaccuracies or ambiguity. 

The procedure for calculating EMI for each type of loan is different. Therefore, home loan EMI calculation is different from personal loan EMI. It is recommended you use only specific EMI Calculators for specific types of EMI’s. 

The online calculator is also free for unlimited use. You can check the EMI for various amounts of loan amounts thus determine which amount suits your financial situation. 

How to Use the HDFC Home Loan EMI Calculator by Fincity? 

You can calculate your home loan EMI almost instantly using the Home Loan Calculator. It is precise and easy to use for anyone. This calculator for Home Loan EMI might require just a few key home loan details from the user to display results. 

Here’s an easy guide on how to use the home loan EMI calculator: 

Step 1: Input the loan amount you wish to borrow. 

Step 2: Input the applicable interest rate for the home loan. 

Step 3: Input the tenure over which you will be able to repay your home loan. 

 As soon as you complete the above steps, your home loan EMI will be displayed along with other details such as total amount payable and also total interest payable. 

General Documents Required for Home Loan 


  • Salaried 
  1. Aadhaar Card 
  2. Passport or  
  3. Drivers’ License or  
  4. Voter’s ID card or  
  5. Job Card issued by NREGA or 
  6. PAN card or any other document as acceptable as an ID Proof to the Bank  
  • Self Employed 
  1. Aadhaar Card 
  2. Passport or  
  3. Drivers’ License or  
  4. Voter’s ID card or  
  5. PAN card or any other document as acceptable as an ID Proof to the Bank 

Income Proof 

  • Salaried 
  1. Latest 3 months’ salary slip showing all deductions and  
  2. Form 16 
  • Salaried 
  1. IT returns for the last 2 years and computation of income for the last 2 years certified by a CA 


  1. Bank statement or Pass Book where salary or income is credited 
  2. An optional Guarantor Form 

Home Loan Eligibility Criteria 

The eligibility criteria for a Home Loan varies from one profession type to another 

Salaried Individuals 

Employees of permanent service in the Government or reputed private sector companies 

Applicants should be of the age of 24 years during application and around 60 years at the time of maturity 


Applicable to SEPs like doctors, engineers, dentists, architects, chartered accountants, cost accountants, company secretary, and management consultants only 

Applicants should be of the age of 24 years during application and around 60 years at the time of maturity 

Self Employed Individuals 

  Any individual that files income tax returns can apply 

Applicants should be of the age of 24 years during application and around 60 years at the time of maturity 

Home Loan Fees and Additional Charges 

Depending on the loan type you are applying for, a few charges may be levied. They are mentioned below: 

  • Processing fees: This is a one-time fee that is to be paid to the home loan provider after the loan application has been approved. The processing charge is dependent on the bank and the loan scheme you are applying for, the processing charge thus is a variable metric. This fee is non-refundable. 
  • Prepayment charges: This is the fee or the penalty you will have to pay the lender, should you plan to repay your home loan before the completion of the tenure of the loan. 
  • Conversion fees: Some banks might also charge a small conversion fee if and when you decide to switch to a different loan scheme or even a different loan provider in order to decrease the interest rate associated with your current scheme. 
  • Cheque dishonor charges: This type of fee is levied when the loan provider, like the Bank or NBFC, is provided that a cheque issued by the borrower is found to be dishonored due to reasons such as insufficient funds in the borrower’s account. 
  • Home insurance: One of the best ways to protect the home is to insure it. The premium of this insurance should be paid directly to the concerned company during the insurance term to make sure that the insurance policy is running during the home loan tenure. 
  • Default charges: Loan providers also charge a penalty on delayed or missed repayments i.e., if you do not make your Equated Monthly Instalments (EMIs) or Pre-EMIs on time. But these types of defaulting charges vary from one bank to another. 
  • Incidental charges: These charges cover the expenses and costs incurred by the bank to recover dues from a borrower who has failed to make his monthly installments on time. 
  • Statutory/regulatory charges: The fee might include all the expenses associated with the Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI), Memorandum of Entry and Deposit, and also stamp duty. You can visit the CERSAI’s official website to know more about these charges. 
  • Photocopy of documents: The fee is paid to the bank if you need a photocopy of your home loan documents for any personal needs. 
  • Change in loan term: Some banks also charge a nominal fee if you think of changing the tenure of your loan. 

I hereby declare that I have read the consent. and I appoint and allow FINCITY to access my credit information from Credit Information Companies in order to understand my creditworthiness and thereinafter provide personalized values which would help them generate the Credit Information Report, Credit Score and Credit Analysis. I/We hereby authorize FINCITY & its affiliates including banking partners to call or SMS and/or WhatsApp with reference to my application or in relation to any of FINCITY products, notwithstanding anything to the contrary that may be contained anywhere, including any registration for DNC/ NDNC.

Thanks for showing your interest

We will get back to you soon

Like us on

HDFC Ltd. Home Loans

HDFC Home Loan EMI Calculator

HDFC Ltd Home Loan Eligibility Calculator

More on Home Loans

Home Loan

Home Loan Eligibility Calculator

Home Loan EMI Calculator

Home Loan Application Status

Home Loans in Bengaluru