HDFC Home Loan Interest Rates: What is the Latest HDFC Home Loan Interest Rate

offers interest rates on home loans starting at 7.55% per annum starting June 10, 2022. This interest rate applies to home loans, balance transfer loans, renovation loans of the house and loans for the extension of the house.

According to the website, “HDFC offers a variable rate loan also known as a variable rate loan as well as a fixed rate loan in which the interest rate on the home loan remains fixed for a specific term (say the first two years of the entire term loan) after which it becomes an adjustable-rate loan.

HDFC’s retail prime rate is 16.75%.

The minimum rate under the Special Housing Loan Scheme for a borrower with a credit score above 800 is now 7.55%.

What is the HDFC home loan interest rate


Credit scores of 730 or higher

Borrowers will pay a minimum interest rate of 7.70% on loans up to Rs 30 lakh. The lowest interest rate on loans between Rs 30 and Rs 75 lakhs is 7.95%, while loans above Rs 75 lakh have an interest rate of 8.05%. These loans will be reduced by 0.05% for female borrowers. The risk premium is determined by your CIBIL Score.

Credit scores below 730

Borrowers will pay a minimum interest rate of 7.85% on loans up to Rs 30 lakh. The lowest interest rate on loans between Rs 30 and Rs 75 lakh is 8.10%, while loans above Rs 75 lakh have an interest rate of 8.20%. The risk premium is determined by your CIBIL score, here the added risk premium is 15 basis points.

Borrowers will be required to pay higher interest rates on their loans when the reset date arrives.

According to HDFC, these are the significant home loan processing fees and charges

Processing fee: up to 0.50% of the loan amount or Rs 3,000, whichever is greater, plus applicable taxes.

Minimum amount withheld: 50% of applicable fees or Rs 3,000 + applicable taxes, whichever is greater.

Fees for external opinion

Fees for external legal advice/technical assessors, as applicable, are payable on an actual basis depending on a particular case. These fees are payable directly to the relevant attorney/technical assessor for the nature of the assistance so rendered.

Home Insurance

The client must pay the premium amounts directly to the insurer, promptly and regularly in order to keep the policy/policies in force at all times during the term of the loan.

Charges in case of late payment

Late payment of interest or EMI renders the customer liable for additional interest up to 24% per annum.

Extra fees

Incidental fees and expenses are levied to cover costs, fees, expenses and other monies that may have been expended in connection with the collection of dues from a defaulting customer. A copy of the policy can be obtained by clients from the relevant branch upon request.

Statutory and regulatory fees

Any applicable charges under Stamp Duty/MOD/MOE/Central Register of Reconstruction of Securitization Assets and Security Interests of India (CERSAI) or any other statutory/regulatory body and applicable taxes shall be payable. the charge and paid (or reimbursed as the case may be). ) only by the customer. You can visit the CERSAI website for all these fees at www.cersai.org.in

Other expenses

Bernadine J. Perkins