New Delhi (Delhi, India), July 23, 2020<\/p>\n
The HDFC Bank Limited has decreased its home loan interest rates by 0.20 percent, or 20 basis points with effect from Saturday, June 13, 2020.<\/p>\n
HDFC Bank Ltd has revised its minimum home loan floating interest rate from 7.15 percent to 6.95 percent per annum for salaried female applicants and from 7.20 percent to 7.00 percent per annum for salaried male applicants for the home loan amount up to \u20b93,000,000.<\/p>\n
HDFC Bank Limited has also revised its minimum home loan floating interest rate from 7.65 percent to 7.45 percent per annum for self-employed female applicants and from 7.70 percent to 7.50 percent per annum for self-employed male applicants for the home loan amount up to \u20b93,000,000.<\/p>\n
HDFC Bank Limited’s reduction in current mortgage loan interest rate will bring down the cost of funds for those people who have taken their home loan advances on floating rate of interest. However, this interest rates revision will not affect the HDFC Bank Limited\u2019s fixed rate customers, as their contracted rates will remain unchanged.<\/p>\n
HDFC Bank Home Loan Interest Rate for Salaried Women:<\/strong><\/p>\n 6.95% Per Annum for Home Loan Amount up to \u20b93,000,000<\/p>\n 7.20% Per Annum for Home Loan Amount from \u20b93,000,001 to \u20b97,500,000<\/p>\n 7.30% Per Annum for Home Loan Amount above \u20b97,500,000<\/p>\n HDFC Bank Home Loan Interest Rate for Self-Employed Women:<\/strong><\/p>\n 7.45% Per Annum for Home Loan Amount up to \u20b93,000,000<\/p>\n 7.70% Per Annum for Home Loan Amount from \u20b93,000,001 to \u20b97,500,000<\/p>\n 7.80% Per Annum for Home Loan Amount above \u20b97,500,000<\/p>\n HDFC Bank Home Loan Interest Rate for Salaried Men:<\/strong><\/p>\n 7.00% Per Annum for Home Loan Amount up to \u20b93,000,000<\/p>\n 7.25% Per Annum for Home Loan Amount from \u20b93,000,001 to \u20b97,500,000<\/p>\n 7.35% Per Annum for Home Loan Amount above \u20b97,500,000<\/p>\n HDFC Bank Home Loan Interest Rate for Self-Employed Men:<\/strong><\/p>\n 7.45% Per Annum for Home Loan Amount up to \u20b93,000,000<\/p>\n 7.70% Per Annum for Home Loan Amount from \u20b93,000,001 to \u20b97,500,000<\/p>\n 7.80% Per Annum for Home Loan Amount above \u20b97,500,000<\/p>\n HDFC Bank Home Loan Interest Rate for Weaker Section Borrower:<\/strong><\/p>\n 6.95% Per Annum for Home Loan Amount up to \u20b92,800,000<\/p>\n HDFC Bank Home Loans Minimum Borrowing Amount:<\/strong> Minimum Home Loan Amount is \u20b9300,000<\/p>\n HDFC Bank Home Loans Rate of Interest is Floating or Fixed:<\/strong> Floating Rate of Interest (Reset Period 1 Year)<\/p>\n HDFC Bank Home Loan Processing Fee and Documentation Charges:<\/strong> 0.50% to 1.00% of the Loan Amount (Minimum \u20b91,500 plus GST)<\/p>\n Minimum Tenure for the HDFC Bank Home Loan:<\/strong> Minimum Home Loan Tenure is 3 Years<\/p>\n Maximum Tenure for the HDFC Bank Home Loan:<\/strong> Maximum Home Loan Tenure is 30 Years<\/p>\n Minimum Age Limit for Getting the HDFC Bank Home Loan Sanctioned:<\/strong> Minimum 24 Years at the Time of Home Loan Commencement<\/p>\n Maximum Age Limit for Getting the HDFC Bank Home Loan Sanctioned:<\/strong> Maximum 60 Years for Salaried Applicants and 65 Years for Self-Employed Applicants<\/p>\n HDFC Bank Home Loan Pre Closure Charges or Prepayment Penalty:<\/strong> Nil Charges or Penalty for HDFC Bank Home Loans and HDFC Bank Home Improvement Loans with floating rate of interest.<\/p>\n Charges for HDFC Bank Home Loan EMI Late Payment:<\/strong> Minimum 2% Per Month of the HDFC Bank Home Loan EMI Outstanding Amount (Minimum \u20b9500 Maximum \u20b95,000 plus GST)<\/p>\n HDFC Bank Home Loan EMI Cheque, AD, or ECS Bounce Charges:<\/strong> \u20b9500 plus GST<\/p>\n Conversion Charges for HDFC Bank Floating Rate of Interest Home Loan:<\/strong> 0.50% of the HDFC Bank Home Loan Principal Outstanding Amount plus GST<\/p>\n Guarantor Requirement for the HDFC Bank Home Loan:<\/strong> No Guarantor is Required<\/p>\n HDFC Bank Home Loan Margin Amount:<\/strong> Minimum 15% of the House or Property Purchase Value<\/p>\n Different Options for Making HDFC Bank Home Loan EMI Payments:<\/strong> The four options for making EMI payments are Internet Banking, Standing Instruction (SI), Electronic Clearing Service (ECS), or Post-Dated Cheques (PDCs)<\/p>\nCurrent Deposits and Loans Interest Rates of HDFC Bank Ltd<\/h6>\n