HDFC bank is one of the most prominent banks in the nation and has exponentially expanded its network over the years. With regard to its assets, HDFC bank is the largest private sector bank in the country. The bank also provides amazing products coupled with impeccable customer service making HDFC bank a dream bank for customers to bank with.
HDFC Home Loan Processing Fees and Other Charges
| Rates and Charges | Specification |
|---|---|
| Rate of interest | 8.35% to 8.60% |
| Partial prepayment charges | Nil |
| Pre-closure charges | Nil |
| Tenure of the loan | 1 year to 30 years |
| Guarantor requirement | No guarantor is needed |
| Processing fee | Rs.11,800 or up to 0.50% of the total loan amount, whichever is lower |
HDFC Home Loan Processing Fee
HDFC bank charges a processing fee based on the type of professional a borrower is. Mentioned below are the details of the processing fee levied by HDFC bank for various professionals.
HDFC Home Loan Processing Fee for Self-Employed Professionals, Non-Professionals & Salaried Individuals
- The processing fee on home loans for self-employed professionals is Rs.3000 or 0.50% of the loan, whichever is more.
- The processing fee on housing loans for self-employed non-professionals is Rs.4500 or 1.50% of the loan, whichever is more.
- The processing fee on home loans for salaried employees is Rs.3000 or 0.50% of the loan, whichever is more, along with the applicable taxes.
Note: that these charges are exclusive of taxes. Additional charges may apply for processing the home loan, such as, stamp duty fee, etc.
HDFC Lome Loan Interest Rate Charges
| Loan Amount | Rate of Interest for Salaried Employees | Rate of Interest for Self-Employed Individuals |
|---|---|---|
| For Women (up to Rs.30 lakh) | 8.35% to 8.85% | 8.35% to 8.85% |
| For Others (up to Rs.30 lakh) | 8.40% to 8.90% | 8.40% to 8.90% |
| Above Rs.30 lakh and up to Rs.75 lakh | 8.50% to 9.00% | 8.50% to 9.00% |
| Above Rs.75 lakh | 8.55% to 9.05% | 8.55% to 9.05% |
HDFC Home Loan Balance Transfer Interest Rates
| Loan Amount | Rate of Interest for Salaried Employees | Rate of Interest for Self-Employed Individuals |
|---|---|---|
| For women (up to Rs.75 lakh) | 8.35% to 8.85% | 8.45% to 8.95% |
| For women (above Rs.75 lakh) | 8.40% to 8.90% | 8.50% to 9.00% |
| Others (up to Rs.75 lakh) | 8.40% to 8.90% | 8.55% to 9.05% |
| Others (above Rs.75 lakh) | 8.45% to 8.95% | 8.60% to 9.10% |
HDFC Home Loan Prepayment and Preclosure Charges
HDFC bank does not charge any prepayment or preclosure charges for home loans.