HDFC Home Loan New Interest Rates(January 2017)

Create a Space of your own with HDFC Home Loans. As expected, after SBI reduced the home loan interest rate, HDFC slashed its interest rates too.

hdfc-home-loan-interest-rate_loanyantra-comHave a look at the HDFC home loan new interest rates.

RPLR – 16.30%

Loan Slab Interest Rates (% p.a.) RPLR Minus Spread
For Women (upto 75 lakhs) 8.65 to 9.15 RPLR – (7.65 to 7.15)
For Women (above 75 lakhs) 8.70 to 9.20 RPLR – (7.60 to 7.10)
For Others (upto 75 lakhs) 8.70 to 9.20 RPLR – (7.60 to 7.10)
For Others (above 75 lakhs) 8.75 to 9.25 RPLR – (7.55 to 7.05)
Who Can Apply

You can apply individually or jointly for HDFC Home Loans. All proposed owners of the property will have to be co-applicants. However, all co-applicants need not be co-owners. Generally co-applicants are close family members.

Loan Term
  • 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.
hdfc-home-loan_loanyantra-comProcessing Fees

Up to 1.25% of the loan amount or ₹ 3,000 whichever is higher, plus applicable taxes.

Prepayment Charges

Prepayment charges at a rate of 2% plus Taxes and Statutory levies and charges, as may be applicable from time to time, of the amount being prepaid are payable.

Conversion Fees

The fee payable to avail the conversion shall be 0.50% plus applicable taxes of the principal outstanding plus the undisbursed loan amount or Rs.50,000 plus applicable taxes, whichever is lower.

Property Insurance

Property Insurance is compulsory and the customer shall pay the premium amounts directly to the insurance provider, promptly and regularly so as to keep the policy / policies alive at all times during the pendency of the loan.

HDFC Home Loans Under Pradhan Mantri Awaaz Yojana

Interest subsidy of 6.25% p.a. upto a loan amount of Rs. 6 lakh 15 years or hdfc-awaaz-yojana-_loanyantraactual term, whichever is lower. And Family Income should not exceed Rs. 6 lakh per annum.


The rate cut comes after a nudge from Prime Minister Narendra Modi in his year-end speech, where he said that massive inflow of deposits spurred by the demonetization of high-value banknotes has led to a significant reduction in the cost of funds.

“Over the past couple of months we have seen a drop in our marginal costs of funds and as always HDFC has ensured that benefit is passed on to its customers,” said Renu Sud Karnad, Managing Director, HDFC.

For further reduction in interest rate, logon to and get 0.10% discount for one year. For those who already logged in, get free loan management till the closure. Enjoy the cash back benefits by referring your friends.


2 thoughts on “HDFC Home Loan New Interest Rates(January 2017)”

  1. I need Guidance please.
    HOMe loan of 17,50,000 from HDFC LTD taken in Mar 2006 @8.25% floating rate.Raised every qtr. BUT from 2010 onwards rates slapped are upper of 13% as high as 13.75% for 3 years. As on Jan 2017 rate 13.3%….There is clearly ugly anomaly here..Please help me understand and to be able to take up clearly with HDFC Ltd to reduce rates retrospectively.
    Help Guide.

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