Hdfc Bank Home Loan Interest Rate at 8.55% to 9.60%

Special HDFC Bank Home Loan Rates

Calculate Hdfc Bank Home Loan EMI Calculate EMI Now

About HDFC Bank Home Loan

HDFC Bank is one of the largest private sector lenders in India. It has a brand image with rich 24 years of performance having more than 4.4 million satisfied customers. It offers a wide range of Home Loan Schemes to different classes of customers to fulfil their dream of owning a home.

HDFC Bank provides home loan for different needs and purposes such as for purchase, construction, and extension of dwelling unit, repairs/ renovation of home, for purchase of house which is under construction, for purchase of plot, etc. HDFC Bank offers customised Home Loan solutions, best-in-class services and simplified loan process. It offers competitive, attractive and affordable home loan interest rates.

Why HDFC Bank Home Loan?

1. HDFC Bank provides a range of Home Loan Schemes designed for different needs of customers
2. Pioneer of Housing Finance in India with over 35 years of lending experience
3. For over 3 decades, shared the hopes and joys of 4.4 million customers who have been nurturing the dream of home ownership
4. It has PAN India branch network provides easy access to the customers
5. Pre Approved loan offers and preferential home loan interest rate for existing home loan borrowers
6. It provides Flexible Loan Repayment Options to the borrowers
7. Quick & Hassle-free processing
8. Easy and fast approval & disbursal of home loans
9. Free & safe document Storage
10. Special lower interest rate offer for women
11. It provides rebate in Income Tax
12. Most experienced and empowered personnel to ensure smooth & easy processing
13. Transparent process with no hidden charges
14. Offers loan upto 90% of property value
15. Counselling and advisory services for acquiring a property
16. 24X7 helpline of HDFC Bank offers timely assistance to the customers
17. Moreover, HDFC Bank is the biggest Private Sector bank in India hence strong trust factor of people is involved

Purpose of HDFC Bank Home Loan

• Purchase a Plot for construction of a House
• Purchase | construct house | flat
• Home Extension
• for renovation | repair | alteration | addition to house | flat
• Take over from other Banks/ HFCs/ NBFCs/ FIs, etc.

Margin or Loan to Value Ratio (LTV) Ratio: For New Home Loan

Eligibility Criteria of HDFC Bank Home Loan

Documents Required for HDFC Bank Home Loan

Income Documents

Fees & Charges on HDFC Bank Home Loan

HDFC Bank Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 07.02.2024

Loan Amount of HDFC Bank Home Loan

Loan offered to the borrower is completely customised as per the requirement and the eligibility criteria of the customer. The value of loan depends upon applicant's income, repaying capacity, age, assets and liabilities, credit score, tenure of the loan, cost of the proposed property, previous credit history.

Margin of HDFC Bank Home Loan

Margin for HDFC Bank Home loan ranges from 10% to 25% of the loan amount. It depends upon the scheme and loan amount availed by the borrower.

Repayment of HDFC Bank Home Loan

The repayment of HDFC Bank Home Loan can be done in Maximum 30 years or upto 70 years of the age of borrower, whichever is earlier.

Security of HDFC Bank Home Loan

Being it a secured loan, the borrower is required to do Equitable | Registered Mortgage of the Property in question in favour of the bank. However, the bank may ask for other security also based on the case.

Special Offers from HDFC Bank

(A) Different Offerings for Different People

HDFC Bank offers specially designed Home Loans for:

• Agriculturists
• Planters
• Horticulturists
• Dairy Farmers

(B) Special Home Loan Scheme for Agriculturists

• Loans for farmers to buy or construct houses/apartments in several of cities/towns of their choice
• Home loans in residential areas of villages
• Loan eligibility on the basis of agricultural land owned and the kind of crops being cultivated by farmers
• No mortgage of agricultural land required for the purpose of home loans
• No mandatory requirement of Income Tax Returns from farmers applying for home loans

(C) Rural Housing Finance for Salaried and Self Employed

• Home Loans for Government & Private Sector Employees for rural properties in residential areas
• Home Loans for Businessmen, Traders etc. who are filing Income Tax Returns for the last three years for properties in rural residential areas
• Home Loans for NRIs also in rural residential areas

HDFC Bank Home Loan Schemes

(1) HDFC Bank Home Loan: This is a regular and most demanding home loan scheme that offers Housing Loan at attractive rates and ensure a house for all.

Important Features:

1. Purpose: To purchase a Plot for construction of a House, to purchase/ construct house/ flat, as well as for renovation/ repair/ alteration/ addition to house/ flat, etc.
2. Eligibility: Resident Indians, Non-Resident Indians (NRIs), Persons of Indian origin (PIOs), Overseas Citizens of India (OCI) - Individuals, corporate.
3. Maximum Loan Amount: Customised
4. Margin:10% to 25%
5. Maximum Tenure: Max. 30 years
6. Security: Equitable| registered mortgage of the property. If mortgage is not feasible, bank at its discretion can accept security in the form of Insurance Policies, Govt Promissory Notes, Shares and Debentures, Gold Ornaments etc.

(2) HDFC Bank Home Improvement Loan (HIL): HIL facilitates internal and external repairs and other structural improvements like Painting, Waterproofing and Roofing, Plumbing and Electrical Works, Tiling and Flooring, Grills, Aluminium Windows, Compound Walls and much more.

Important Features:

1. Purpose: To make internal and external repairs and other structural improvements
2. Eligibility: Resident Indians, Non-Resident Indians (NRIs), Persons of Indian origin (PIOs), Overseas Citizens of India (OCI) - Individuals, corporate.
3. Maximum Loan Amount: Customised
4. Margin:10% to 25%
5. Security: Equitable| registered mortgage of the property. If mortgage is not feasible, bank at its discretion can accept security in the form of Insurance Policies, Govt Promissory Notes, Shares and Debentures, Gold Ornaments etc.

(3) HDFC Bank Home Extension Loan (HEL): HEL is offered for adding more space to your existing home for meeting the requirements of your growing family.

Important Features:

1. Purpose:To extend your home anyway you like
2. Eligibility: Resident Indians, Non-Resident Indians (NRIs), Persons of Indian origin (PIOs), Overseas Citizens of India (OCI) - Individuals, corporate.
3. Maximum Loan Amount: Customised
4. Margin:10% to 25%
5. Security: Equitable| registered mortgage of the property. If mortgage is not feasible, bank at its discretion can accept security in the form of Insurance Policies, Govt Promissory Notes, Shares and Debentures, Gold Ornaments etc.

(4) HDFC Bank Special Home Loan Scheme for Agriculturists: Loans for farmers to buy or construct houses/apartments in several of cities/towns of their choice.

Important Features:

1. Purpose:To to buy or construct houses/apartments. Home loans in residential areas of villages
2. Eligibility: Loan eligibility on the basis of agricultural land owned and the kind of crops being cultivated by farmers
3. No mortgage of agricultural land required for the purpose of home loans
4. No mandatory requirement of Income Tax Returns from farmers applying for home loans
5. Maximum Loan Amount: Customised
6. Margin:10% to 25%
7. Security: Equitable| registered mortgage of the property. If mortgage is not feasible, bank at its discretion can accept security in the form of Insurance Policies, Govt Promissory Notes, Shares and Debentures, Gold Ornaments etc.

(5) HDFC Bank Pradhan Mantri Awas Yojana (PMAY): The scheme is available to only urban poors in EWS/ LIG category. It offers Housing Loan to Individuals from Economically Weaker Section (EWS) & Low Income Group (LIG) category at attractive rates. Borrowers will get Credit Linked Subsidy at the rate of 6.50% upto Rs. 6 lakhs for max. 20 years. Maximum subsidy amount will be Rs 2,67,280 only.

Important Features:

1. Purpose: To extend home loan for purchase, new construction and addition of home, to existing dwelling units as incremental housing, for construction of house/ flat
2. Eligibility: Individuals from Economically Weaker Section (EWS) & Low Income Group (LIG) category. Joint owners from the same family are also eligible. Beneficiary family should not own an all weather dwelling unit either in his/ her name or in the name of any member of his/ her family in any part of India.
   • EWS households - households having an annual income up to Rs.3,00,000 and house size with carpet area upto 30 square meter.
   • LIG households - households having an annual income above Rs.3,00,000 and up to Rs.6,00,000 and house size with carpet area upto 60 square meter.
3. Maximum Loan Amount: Customised depending upon income criteria, repayment capacity, age of the applicant / co-applicant (s) and LTV/Margin norms.
4. Margin: 10% to 25%
5. Maximum Tenure: Max. 30 years
6. Security: Equitable| registered mortgage of the property. If mortgage is not feasible, Bank at its discretion can accept security in the form of Insurance Policies, Govt Promissory Notes, Shares and Debentures, Gold Ornaments etc.
7. Table for detailed subsidy scheme

   Particulars	EWS	LIG
   Interest Subsidy (% p.a.)	6.50%	6.50%
   Maximum loan tenure (in years)	20	20
   Eligible Housing Loan Amount for Interest Subsidy (Rs.)	6 lakhs	6 lakhs
   Max. Dwelling Unit Carpet Area	30 Sq. m.	60 Sq. m.
   Maximum Subsidy Amount (Rs.)	2,67,280	2,67,280

How to apply home loan from HDFC Bank under Pradhan Mantri Awas Yojana (PMAY)?

First of all, you apply for home loan from HDFC Bank and along with your loan application, you need to fill the Pradhan Mantri Awas Yojana (PMAY) Form and submit it with your loan application form with the bank. Bank will take care of its processing. Bank will check your eligibility and if you are eligible in the category you have applied for like EWS/ LIG, then accordingly the interest subsidy would be credited in your bank account.

(6) HDFC Bank Top-Up Home Loan: HDFC Bank offers customers to borrow certain amount over and above their home loan amount.

Important Features:

1. Customer should already have a HDFC Bank Home Loan Account
2. It can be availed for any personal purpose
3. The interest rates are much lower than usual personal loan interest rates.
4. Interest Rate:

   Category	Interest Rate p.a.
   For existing customers	9.05% to 9.60%
   For Balance Transfer Loans	Same as Home Loan Slabs

(7) HDFC Bank Rural Housing Finance for Salaried and Self Employed: Home Loans for borrowers for rural properties in residential areas.

Important Features:

1. Purpose:To to buy or construct houses/apartments. Home loans in residential areas of villages
2. Eligibility: Government & Private Sector Employees, NRIs for rural properties in residential areas, Businessmen, Traders etc. who are filing Income Tax Returns for the last three years for properties in rural residential areas
3. Maximum Loan Amount: Customised
4. Margin:10% to 25%
5. Security: Equitable| registered mortgage of the property. If mortgage is not feasible, bank at its discretion can accept security in the form of Insurance Policies, Govt Promissory Notes, Shares and Debentures, Gold Ornaments etc.

(8) HDFC Bank Pre-Approved Home Loan (PAL): This scheme provides sanction of Home Loan limits to the customers before finalization of the property.

Important Features:

1. Maximum Loan Amount: Customised
2. Customer can negotiate with the Builder/ Seller confidently as he knows his Home Loan limits in advance
3. Margin:10% to 25%
4. Security: Equitable| registered mortgage of the property. If mortgage is not feasible, bank at its discretion can accept security in the form of Insurance Policies, Govt Promissory Notes, Shares and Debentures, Gold Ornaments etc.
5. Interest Rate

   Interest Rate (Salaried and Self Employed) p.a.	Interest Rate (Others) p.a.
   8.60% to 9.10%	8.65% to 9.15%

(9) HDFC Bank Balance Transfer of Home Loan: This scheme enables a customer to transfer home loan from any other institution to HDFC Bank.

Important Features:

1. Customer should satisfy the eligibility criteria for availing Home Loan as per HDFC Bank 's instruction
2. Customer has serviced interest and/or instalment of the existing loan regularly, as per the original terms of sanction
3. Customer should have valid documents evidencing the title to the house/ flat
4. Security: Equitable| registered mortgage of the property. If mortgage is not feasible, bank at its discretion can accept security in the form of Insurance Policies, Govt Promissory Notes, Shares and Debentures, Gold Ornaments etc.
5. Interest Rate

   Interest Rate (Salaried and Self Employed) p.a.	Interest Rate (Others) p.a.
   8.60% to 9.10%	8.65% to 9.15%

(10) HDFC Bank TruFixed Home Loan: This scheme provides customer fixed interest rate for initial 2 years.

Important Features:

1. Maximum Loan Amount: No cap
2. It offers fixed interest rate for initial 2 years
3. Security: Equitable| registered mortgage of the property. If mortgage is not feasible, bank at its discretion can accept security in the form of Insurance Policies, Govt Promissory Notes, Shares and Debentures, Gold Ornaments etc.
4. Interest Rate

   Interest Rate (Salaried and Self Employed) p.a.	Interest Rate (Others) p.a.
   8.60% to 9.10%	8.65% to 9.15%

Tax Benefits of availing Home Loan

There are two types of tax benefits associated with home loan for Resident Indians:

Repayment of the Principal Amount: One can get a Tax rebate under section 80C of the Income Tax Act on whole amount repaid by him in a financial year, maximum upto Rs. 1,50,000/- each financial year (Increased from 1 Lakh to Rs. 1.5 Lakh in Budget 2014).

Repayment of the Interest on Home Loan: Tax Benefit on Home Loan for payment of Interest is allowed as a deduction under Section 24(1) of the Income Tax Act. One is eligible for a Tax Rebate of maximum of Rs. 2 lakh per financial year for home loan interest paid by him/her during that financial year.

What is the Impact of MCLR on EMI of HDFC Bank Home Loan Borrowers?

After April 1, 2016, all bank loans (including home loans) are linked to the bank's MCLR with or without a mark-up or spread (bank margin). Earlier, they were linked to the bank's base rate. All banks are required to disclose their MCLR each month.

Banks generally hike MCLR, whenever there is a hike in Repo Rate by the RBI. Banks may increase MCLR due to surging bond yields and higher provisioning requirements, even when the RBI has not hiked Repo Rate.

Home Loan Interest Rate can be equal to the MCLR or have a 'margin' or 'mark-up' or 'spread' but can never be lower than MCLR.

Home Loan Interest Rate is linked to the bank's MCLR. If MCLR goes up, the home loan rates will also go up. Home Loan Interest Rate will not be impacted by hike in MCLR only if banks reduce the mark-up (margin) in the home loan. If MCLR goes down, the home loan rates will also go down.

For MCLR-linked home loans, the rate is reset after 6 or 12 months according to the agreement between the borrower and the bank. The interest rate applicable on the reset date will become the new rate on which the future EMI's will be calculated.

What should Base Rate Home Loan Borrowers do?

Home Loan Interest Rate of old home loan borrowers (who had taken home loans before April 1, 2016) are linked to the base rates of the banks. Hence the EMI which they are paying is also linked to base rate. Banks have always remained very sluggish for passing on the benefits of RBI rate cuts to the borrowers.

Now after April 1, 2016, Home Loan Interest Rate is linked to MCLR (Marginal Cost of funds based Lending Rate) for home loan borrowers in order to resolve the problems of the Base Rate regime.

It will be beneficial for them to switch to MCLR linked rate if the difference between what they are paying (under base rate) and what the bank is offering (under MCLR) is significant. So they must switch to MCLR linked rates, if outstanding loan is high and the remaining tenure is also long.

In that situation, Base Rate Borrowers have following two options:

(1) Switch to MCLR linked home loan with the same bank: It is beneficial, in case the bank is charging a nominal switching fee such as 0.50% or less on outstanding amount.

(2) Transfer the loan to another bank on MCLR: It is feasible, if new bank has waived off processing fee (which they generally do in order to attract the customer and increase their business) or is charging very less processing fee and legal and transfer costs.

The borrower must compare both the above-mentioned options and opt for the one which is more beneficial to them in terms of money saved. It will result not only in reduction of future EMIs but also a huge amount of interest will be saved during remaining tenure.

One may as well continue the loan on base-rate especially if the maturity is near and need not go through the process of conversion.

Further, the Reserve Bank (RBI) is going to link the base rate for loans given by banks to the MCLR from April 1, 2018. Once it happens, the base rate will automatically increase or decrease along with the MCLR without any specific action required for adjustment. This will be very beneficial for the home loan borrowers whose rates (EMIs) are still linked to the base rate.

Repayment Options for HDFC Bank Home Loan

HDFC Bank offers various repayment options to provide home loan borrowers a flexibility and freedom to select the option that works best for them. Given below are the different repayment options offered by HDFC Bank:

1. Flexible Loan Instalments Plan (FLIP): In this, the EMIs may change throughout the loan tenure based on the repayment capacity of the borrower.
2. Tranche Based EMI: Whenever a home loan is taken from the bank to purchase am under construction property, the borrower is required to pay only the interest on loan amount till the final disbursement of loan amount. After full disbursement, his normal EMIs will start. But with tranche based EMI, borrowers can start making principal repayment immediately and start paying EMIs on cumulative disbursed amount.
3. Step Up Repayment Facility (SURF): In this option, the borrower pays lower EMIs in the initial years of repayment and then the EMI gradually increases as the tenure progresses. In this option, the borrower can avail a high quantum of loan.
4. Telescopic Repayment Option: This option offers borrowers to get longer repayment tenure of up to 30 years so that his loan eligibility will enhance and EMIs will also be affordable.
5. Accelerated Repayment Scheme: In this, EMIs may increase every year in proportion with borrower's income growth. In this way, the borrowers can repay the loan much faster.

EMI Payment Methods of HDFC Bank Home Loan

You can repay HDFC Bank home loan in any of the following methods:

(1) Electronic Clearing Service (ECS): Electronic Clearing System is preferred for faster payments and collections. If you have an account with other bank than HDFC Bank then you can use ECS for loan repayment. You will have to fill up a form and submit the same with your bank for debiting EMI every month from your account. In this case, your EMI will be automatically debited every month from your bank account and credited to HDFC Bank towards loan repayment instalment.

(2) Standing Instruction (SI): If you maintain your account with HDFC Bank, then you can use this method. Under this method, you will have to issue a Standing Instruction to HDFC Bank to debit your EMI amount on a due date every month from your HDFC Bank account and credit to HDFC Bank loan account towards loan repayment instalment. You save a lot of time and energy by giving standing instructions to the bank to carry out the transaction on your behalf each time.

(3) Post-Dated Cheques (PDCs): In this method, you need to submit post-dated EMI cheques to HDFC Bank for a certain period of time, which are deposited by the HDFC Bank on the due date. This alternative is cumbersome and time-consuming and involve a manual procedure of visiting the HDFC Bank in a timely manner.

Points to Note Regarding EMI Payment Methods

1. A fresh set of PDCs need to be submitted in a timely manner.
2. Post Dated Cheques are accepted only for non-ECS locations.
3. It is good to pay your EMIs either through the Standing Instruction or ECS for faster and timely remittance of your loan instalments.

In case of Prepayment of HDFC Bank Home Loan, will EMI change?

One can pre-pay HDFC Bank Home Loan without any prepayment charges as it allows prepayment at nil charges in case of floating rate home loans. If the borrower makes a prepayment, the outstanding balance of principal amount of his home loan reduces. Then in that case he has following 2 options:

1. He can continue with the existing and reduce the loan tenure
2. He can reduce the EMI and keep the loan tenure the same

Out of above 2 options, first option is more beneficial for the borrower as he pay less interest to the bank as the pay off home loan will be faster.

Ways to Reduce your HDFC Bank Home Loan EMI

• Negotiate with your banker on lower interest rate
• Apply for longer tenure
• Give maximum amount as down payment
• Pre-pay loan amount
• Switch to another bank/ FI offering lower interest rate

Latest News on HDFC Bank Home Loan

• February 07, 2024: HDFC Bank has revised MCLR by up to 10 bps across all tenors w.e.f. February 7, 2024
• May 1, 2021: HDFC Bank MD & CEO Sashidhar Jagdishan announced a major operational restructuring of the organisation
• May 3, 2021: HDFC Bank cuts FY22 growth projection to 10% from 11.5%
• January 29, 2020: HDFC bank plans to add 125 more branches in Tamil Nadu in the next two years i.e. by 2022
• January 18, 2020: HDFC Bank's Q3 net profit rises 32.80% to Rs.7416 crore 7,416 crore for the quarter ended December 31, 2019
• January 16, 2020: Largest private sector bank HDFC Bank will upgrade its credit card platform to provide new features to give more power to the customers
• December 07, 2019: HDFC Bank has cuts MCLR by up to 15 bps across all tenors
• November 07, 2019: HDFC Bank has cuts MCLR by up to 10 bps across all tenors. It has cut the 6-month MCLR by 5 bps to 8.10%, 1-year rate by 5 bps to 8.30%, 2-year by 5 bps to 8.40%, and the 3-year rate by 10 bps to 8.50%
• June 07, 2018: HDFC Bank has raised lending rates by 10 basis points across all maturity a day after the Reserve Bank of India raised policy rates by 25 basis points.
• May 24, 2018: Now HDFC Bank customers can also avail loan against their mutual fund units
• March 8, 2018: HDFC Bank hikes lending rates after SBI, PNB. It has increased its MCLR-based lending rates by 10 to 15 bps.

FAQs on HDFC Bank Home Loan

1. Can I give standing instructions to repay my Home Loan EMIs directly from my HDFC Bank Savings Account?

   Yes, you can opt for Automated Repayment and your EMIs will be directly repaid from your HDFC Bank Savings Account, thus saving you the trouble of procuring, signing and tracking post-dated cheques.

2. What is Pre-EMI Option?

   Pre-EMI is an option in which the borrower has to pay only interest on loan amount during the progress on the construction of the project. The actual EMI payment will be started only after his/ her possessing the house.

3. What are the various interest rates offered on home loans?

   Interest rates offered vary for women borrowers and others. Women borrowers are offered home loan at lower interest rate in HDFC Bank.

4. What is the eligibility criteria for getting HDFC Bank home loan?

   The eligibility criteria for HDFC Bank Home Loan is as follows:

   Basis	Salaried Customers	Non Salaried Customers
   Age	Minimum 18 years & Maximum 70 Years	Minimum 18 years & Maximum 70 Years
   Income	Annual income must be atleast Rs.1.2 lakhs	Annual income must be atleast Rs 2 lakhs
   Job/ Business Experience	1 Year	2 Years
   Age of Co-applicant	Minimum 18 years	Minimum 18 years

5. Can joint-applications be made for HDFC Bank Home Loans?

   Yes. Joint applicants can be made for HDFC Bank Home Loans.

6. Do I have the option to structure my loan as partly fixed or partly floating?

   Yes, you can structure your HDFC Ltd. Home Loan as Partly Fixed or Partly Floating as per your needs.

7. What are the maximum number of properties that I can own?

   You can own as many properties as you want.

8. What is a down payment?

   Down payment is the amount that is paid by the borrower on an up-front basis. Banks usually pay around 75% to 85% of the cost of the property, hence the rest amount the borrower needs to pay as down payment.

9. What is the average tenure of a home loan?

   Home loans average tenure ranges generally between 3 and 30 years.

10. Can I pre-pay my HDFC Bank home loan? Is there any penalty?

    Yes. You can pre-pay your HDFC Bank home loan with nil penalty for floating rate home loan and with upto 2% of pre-payment penalty for fixed interest home loan.

11. What security do I need to furnish for HDFC Bank home loan?

    The property purchased out of the loan is taken by HDFC Bank as the security. However, if HDFC Bank feels then it can ask for additional securities too.

12. Who is an NRI?

    NRI or Non Resident Indian is a citizen of India or a foreign national of Indian origin living outside India for the purpose of employment, business or any other vocation, which would indicate his intention to stay outside India for an indefinite period of time. An Indian would also be termed as an NRI if his stay in India is less than 182 days.

13. What is the mode of payment for NRI home loans?

    Generally, payments are made through NRI Account like NRO, NRE, NRNR and FCNR accounts. NRI home loan can be paid by way of direct remittances from abroad through normal banking channels or from other financial accounts as may be permitted by RBI.

14. What kind of job makes me eligible for HDFC Bank home loan?

    You can either be a salaried employee or self-employed for obtaining this loan. However, the only condition is that you should be earning a regular income and should be able to furnish proofs of the same.

15. What is the tax benfits available on HDFC Bank home loan?

    As per Section 80C of the Income Tax Act, in case of the principal amount, you can claim a deduction of upto Rs 1.5 lakhs while in case of interest, it is upto Rs. 2 lakhs.

16. Are long-term home loans beneficial or short-term loans?

    It dependes on the financial status of the borrower. If he wants lower EMIs then Long-term loans, if not, then he can go with short-term loans with higher EMIs with the benefit of lesser interest.

17. Do I have to pay only fixed rate of interest or floating rate is also there in HDFC Bank Home Loan?

    No, you have the option to choose any kind of rate of interest you want to pay. You can pay floating rate of interest which is linked with the MCLR and keeps changing from time to time.

18. My EMI is increased due to an increase in the rate of interest being it flexible. What do I do for lower EMI?

    EMI increases with the increase in the rate of interest if you have opted for floating rate. You may ask your bank for increasing the loan tenure, if you want to get your EMI reduced or you can make some part pre-payment to your bank for reduction in EMI.

19. What are different modes of payment of EMI of HDFC Bank Home Loan?

    The EMI can be paid through various modes such as Post dated cheques, Electronic Clearing Service (ECS), Standing Instruction (SI), etc.

20. Can I apply for a home loan to renovate my home or flat?

    Yes, you can apply for home loan for any purpose such as buying a home, constructing a home, repairing of your home, home improvement, balance transfer and home renovation.

21. What is the difference between EMI and Pre-EMI?

    You repay your home loan through Equated Monthly Instalments (EMI), which includes principal and interest component. EMI repayment starts from the month subsequent to the month of final disbursement. Pre-EMI is only a simple interest, which you are required to pay every month till the loan is not fully disbursed.

22. How to get my Income Tax certificate from HDFC Bank?

    Income Tax certificate will be despatched to your after the end of financial year by HDFC Bank. You may also contact your nearest HDFC Bank branch or your can also send a request through its website for the same.

Contact details of Hdfc Bank, Hdfc Bank SMS balance check number SMS banking, Hdfc Bank mobile banking, Hdfc Bank toll free number,Hdfc Bank toll free number 24*7, Hdfc Bank miss call number.

• MISSED CALL NUMBERS - 18002703333
• CUSTOMER CARE NUMBERS - 18002583838, 18002664060
• CONTACT NUMBERS - 18002026161, 18602676161, 18002583838, 18002664060, 022-28569303

Hdfc Bank Contact Details

• BANK OFFICIAL WEBSITE - https://www.hdfcbank.com
• CONTACT NUMBERS - 18002026161, 18602676161, 18002583838, 18002664060, 022-28569303
• MISSED CALL NO. - 18002703333
• CUSTOMER CARE NO. - 18002583838, 18002664060
• TOTAL BRANCHES - 4014
• TOTAL ATMS - 11766
• HEADQUARTER - Mumbai
• BANK ADDRESS - Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra

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