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HDFC Bank Home Loans



The most important terms and conditions (MITC) and points to know about  HDFC home loans is as follows :


* Loan :
Types Of Home Loans
  • Adjustable Rate Home Loan
    A Home Loan under the Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). If there is a change in the RPLR, the interest rate on your loan will be revised once in three months depending on the date of your first disbursement with or without a change in EMI. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting usually in an extension of term of the loan, and vice versa when the interest rate decreases.
  • TruFixed Plus Home Loan – 2 Year Fixed Rate Variant
    A TruFixed Plus Home Loan offers you a part fixed rate term and a part adjustable rate term. Under this variant of the TruFixed Plus Home Loan, you can avail of a fixed rate for a maximum term of 2 years, post which the loan will automatically convert to an adjustable rate, adding up to a total term of 20 years.
  • TruFixed Plus Home Loan – 3 Year Fixed Rate Variant
    A TruFixed Plus Home Loan offers you a part fixed rate term and a part adjustable rate term. Under this variant of the TruFixed Plus Home Loan, you can avail of a fixed rate for a maximum term of 3 years, post which the loan will automatically convert to an adjustable rate, adding up to a total term of 20 years.
* Interest rates with respect to the amount and the scheme (as of 16 May 2015):


Adjustable Rate Loan
RPLR: 16.30%
Loan SlabInterest Rates (% p.a.)RPLR Minus Spread
For Women* (Any Loan Amount)9.40 to 9.90RPLR - (6.90 to 6.40)
Any Loan Amount9.45 to 9.95RPLR - (6.85 to 6.35)
TruFixed Loan – 2 & 3 Year Fixed Rate Variant
RPLR: 16.30%
Loan SlabInterest Rates During The 2 & 3 Year Fixed Rate Term (% p.a.)Post The Fixed Rate Term The Applicable Interest Rates Shall Be The Prevailing Rate Of Interest Under Adjustable Rate
For Women* (Any Loan Amount)9.50 to 10.00RPLR - (6.80 to 6.30)
Any Loan Amount9.55 to 10.05RPLR – (6.75 to 6.25)
TruFixed Loan – 10 Year Fixed Rate Variant

RPLR: 16.30%
Loan SlabInterest Rates During The 10 Year Fixed Rate Term(% p.a.)Post The Fixed Rate Term The Applicable Interest Rates Shall Be The Prevailing Rate Of Interest Under Adjustable Rate
For Women* (Any Loan Amount)9.70 to 10.20RPLR - (6.60 to 6.10)
Any Loan Amount9.75 to 10.25RPLR – (6.55 to 6.05)


* Loan Term and Maximum Loan Amount:

  • The maximum period of repayment of a loan shall be up to 30 years for the Telescopic Repayment Option under the Adjustable Rate Home Loan. For all other Home Loan products, the maximum repayment period shall be up to 20 years.
  • The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms of HDFC.
Loan Amount Maximum Funding - 
Up to Rs.75 lacs             - 80% of the property cost
Above Rs.75 lacs            - 75% of the property cost

* Documentation :


Salaried CustomersSelf Employed ProfessionalsSelf Employed Businessman
Application form with photographApplication form with photographApplication form with photograph
Identity and Residence ProofIdentity and Residence ProofIdentity and Residence Proof
Latest Salary-slipEducation Qualifications Certificate and Proof of business existenceEducation Qualifications Certificate and Proof of business existence
Form 16Last 3 years Income Tax returns (self and business)Business profile
Last 6 months bank statementsLast 3 years Profit /Loss and Balance SheetLast 3 years Income Tax returns (self and business)
Last 3 years Profit /Loss and Balance Sheet
Processing fee chequeLast 6 months bank statements
Processing fee cheque
Last 6 months bank statements (self and business)
Processing fee cheque

*Fees and Charges :

 Processing Fee                               - One time non refundable fee as mentioned in the letter of offer. 
PDC/ ECS Bounce Charges         - Upto Rs 200/- 
CERSAI Charges                           - Rs 250 or Rs 500 (respectively for creation/modification of security interest) 
Additional Interest                       - A maximum of 24% per annum on the defaulted sum 

Note: Stamp Duty applicable on Memorandum of Deposit (MOD) may vary depending on location and may be charged in addition to the processing fees. 
Fees on account of external opinion from advocates/technical valuers, as the case may be, is payable on an actual basis as applicable to a given case. Such fees is payable directly to the concerned advocate/technical valuer for the nature of assistance so rendered. Incidental charges & expenses are levied to cover the costs, charges, expenses and other monies that may have been expended in connection with recovery of dues on account of the non-performance of the loan. HDFC retains the right to alter any charges or fees from time to time or to introduce any new charges or fees as it may deem appropriate with due intimation to the borrower.

*Security of the loan :

Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC. 

Stamp duty, e-filing charges, and other statutory dues applicable on the Security documents or Transaction documents may vary depending on the location and will be charged in addition to processing fees.

*Insurance of the property :

The borrower shall be vigilant and he shall ensure that the property is, during the pendency of the loan, always duly and properly insured against all risks such as earthquake, fire, flood, explosion, storm, tempest, cyclone, civil commotion, etc, HDFC being made the sole beneficiary under the policy / policies, and produce evidence thereof to HDFC on his own from time to time. The Borrower shall pay the premium amounts promptly and regularly so as to keep the policy/ policies alive at all times during the said period.

*Tenure :

The loan can be repaid generally over a maximum period of 30 years subject to the age , risk profile, age of the property at loan maturity and the specific product availed by the Borrower.

*Repayment of Loan and Interest :

Pending final disbursement, simple interest is applicable on the loan disbursed. This interest on the amount disbursed is called Pre-EMI
Pre-EMI interest is payable every month from date of each disbursement upto date of commencement of EMI. The loan is repaid by way of Equated Monthly Installments (EMI), which comprises of both principal repayment and interest component calculated on the outstanding principal. Interest shall be calculated on monthly reducing basis. Repayment commences from the month following the month in which final disbursement of the loan is availed. 
PEMIs and EMIs may be repaid through post dated cheques (PDCs), Electronic Transfer (NEFT) or the Electronic Clearing Service (ECS) method, by the 5th day of every month. HDFC also offers “Tranching” facility for repayment of loan disbursed. Instead of paying Pre-EMI on amount disbursed, the customer can choose to pay interim EMI, of an amount lesser than or equal to EMI on the total loan amount, convenient to him thus commencing the repayment of the loan before the loan is fully disbursed.

*Prepayment Charges :
  • Dual Rate Home Loans [DRHL] / Fixed First Home Loans / TruFixed Rate Home Loans / TruFixed Plus Home Loans / TruFixed Plus Home Loans – 2 & 3 Year Fixed Rate Variants - Nil.
  • NRP Loans/Home Equity Loans/Top Up Loans/Home Loans with company as a co-applicant  - Prepayment charges of 2% + applicable taxes of the amount being prepaid are payable if the amount being repaid is more than 25% of the opening principal in a financial year.
* Recovery of Overdues :

On occurrence of any event of default as mentioned in the Loan Agreement (“Event of Default”), all outstanding amounts owned by the Borrower to HDFC shall become payable forthwith and HDFC reserves the right to undertake all such necessary processes/measures to enforce its rights under the Loan Agreement. 
  •  Additional Interest - Delayed payment of interest or EMI shall render the Borrower liable to pay additional interest @ 24% per annum. Additional Interest shall be charged on delay in payments of the EMI or PEMI or any other amounts due to HDFC beyond the specified due dates. 
  •  Recovery of over dues shall be governed by the Loan Agreement (and any other document) executed between the Borrower and HDFC and as per the applicable Law.
* Customer Services : 

Customer Service Queries including requirement of documents can be addressed through the following channels: 

Website : www.hdfc.com 
or 
Mail: 
HDFC Ltd, 
HUL House, 
H T Parekh Marg, 
165-166, Backbay Reclamation, 
Churchgate, Mumbai 400 020.

* Grievance Redressal :

There can be instances where the Borrower is not satisfied with the services provided. To highlight such instances & register a complaint, the Borrower may follow the following process: 
  •  The Borrower can complain to customer care on the website www.hdfc.com or
  •  Borrower can meet or write to the Business Head for the respective dealing branch. 
In case the concern remains unresolved beyond a period of 7 days , the Borrower may escalate the matter to The Managing Director at
The Managing Director, 
HDFC Ltd, 
HUL House, 
H T Parekh Marg, 
165-166, Backbay Reclamation, 
Churchgate, Mumbai 400 020. 

 In case the Borrower is still not satisfied with the response that matter may be further escalated to : 

The Complaint Cell National Housing Bank, 
4th Floor,
Core 5A India Habitat Centre 
Lodhi Road, ND -110023.