HDFC Bank Home Loan
EMI Calculator 2026

HDFC Bank home loan rates as of June 2026 range from 8.75% to 9.95% p.a. The lower end applies to salaried borrowers with CIBIL ≥ 750-800 and women co-applicants (typically a 0.05% concession). Self-employed borrowers and those with lower credit scores fall toward the higher end. Rates are floating, linked to RBI Repo Rate via the External Benchmark Lending Rate (EBLR) — they change at every RBI Monetary Policy Committee decision (every two months). Always verify the current rate with HDFC Bank before applying.

At the lower end of HDFC Bank's rate range (8.75% p.a., assuming CIBIL ≥ 800 and women co-applicant): EMI on ₹50 lakh for 20 years = ₹44,186/month. For 30 years at the same rate: ₹39,335/month. At the higher end (9.95%, self-employed or lower credit): ₹48,086/month for 20 years. Use the calculator above to plug in your own loan amount, rate, and tenure.

HDFC Bank eligibility (June 2026): Salaried — Min ₹50,000/month net income. Minimum 3 years of work experience (varies). Self-employed — Last 3 years' ITR + Form 26AS + bank statements. Typically +0.25% rate vs salaried. Max loan-to-value (LTV) ratio: 80% for loans up to ₹30 lakh; 75% for ₹30-75 lakh; 75% above ₹75 lakh (RBI guideline). Max loan amount: Up to ₹10 crore for premium customers, typically capped at ₹5 crore.. Max tenure: 30 years OR until the borrower reaches 70-75 years of age (whichever is earlier). Co-applicant required if loan is in joint names. PAN, Aadhaar, salary slips (last 3-6 months), Form 16, last 3 years' ITR, bank statements (6 months) for income proof. Property documents: sale deed, NOC, encumbrance certificate.

HDFC Bank processing fee (June 2026): Up to 0.50% of loan amount or ₹3,000 (whichever is higher) + GST. Negotiable on premium customers.. The processing fee is a one-time charge deducted at sanction and is typically NON-refundable even if you don't end up taking the loan. Some lenders waive or reduce it during festival campaigns (Diwali, Republic Day, Independence Day) — worth timing your application. Foreclosure / prepayment charges: Nil on floating-rate loans (RBI mandate). 2% on fixed-rate within initial fixed-rate period..

Yes. 0.05% rate reduction for women co-applicants (sole or joint). This is a standard industry practice driven by RBI's push for women-led property ownership; women applicants also often benefit from lower stamp duty rates (state-dependent) and dedicated mortgage products. To claim: the property must be in the woman's name (sole owner) OR she must be a co-applicant on the home loan with a meaningful ownership share. Some lenders require she also be a co-owner of the property, not just a co-borrower — verify with HDFC Bank before signing the sanction letter.

Yes, under the OLD tax regime: (1) Section 24(b) — interest deduction up to ₹2 lakh per FY on self-occupied property. (2) Section 80C — principal repayment deduction up to ₹1.5 lakh per FY (combined with EPF, PPF, ELSS, LIC, etc.). (3) Section 80EE / 80EEA — additional ₹50,000 / ₹1.5 lakh interest deduction for first-time buyers (subject to property value and timing conditions). Under the NEW tax regime, only Section 24(b) interest deduction on let-out property is available; self-occupied property benefits are lost. For a salaried borrower in the 30% slab with ₹2 lakh interest deduction, the effective home loan rate drops by ~₹60,000/year. Use Richify's Income Tax Calculator at /in/tools/income-tax-calculator to see your exact saving.

Both are credible options. HDFC Bank typically wins on: Post the HDFC Ltd merger (July 2023), all retail home loans are now booked on HDFC Bank's balance sheet — same underwriting team as the legacy HDFC Ltd home loan unit. Service quality and approval speed unchanged. SBI typically wins on its own strengths (different rate cycle timing, branch/digital reach, processing speed, or specialised products). Decision framework: (1) Get sanctioned amount + rate from BOTH (sanction letters are free and valid for 60-90 days). (2) Compare effective rate including processing fee amortised over expected tenure. (3) Negotiate — banks routinely match competitor offers for HNI customers. (4) For self-employed: HFCs like Bajaj Housing Finance may approve when banks decline, at slightly higher rate.

Yes. Foreclosure charges: Nil on floating-rate loans (RBI mandate). 2% on fixed-rate within initial fixed-rate period.. RBI has prohibited foreclosure charges on FLOATING-rate home loans for individual borrowers since 2012 — so most HDFC Bank home loans (which are floating) can be prepaid in full or part without penalty. Fixed-rate loans typically attract a 2-4% foreclosure charge. Strategy: even a 1% annual prepayment can reduce total interest by 30-40% over the loan tenure. Use Richify's Home Loan EMI Prepayment Calculator at /in/tools/home-loan-emi-prepay to model the savings.