Demystifying HDFC Home Loan Interest Rates

HDFC Home Loan Interest Rates – January 2024: Navigating Affordable Homeownership

HDFC, a trusted name in the finance sector, continues to empower dreams of homeownership with its attractive home loan interest rates. As of January 2024, HDFC offers compelling rates, starting at 8.40% p.a., catering to various financial needs. Dive into the details of HDFC's home loan products and interest rates to make an informed decision for your dream home.

1. Home Loan: 8.40% to 9.00%

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility: Age 21 – 60 years, CIBIL Score 720 or above, Employment Type: Salaried or self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: ₹1 Lakh – ₹30 Crores.
• Processing Fees: 0.5% of the loan amount.

2. Plot Loan: 8.40% to 9.00%

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility: Age 21 – 65 years, CIBIL Score 720 or above, Employment Type: Both salaried and self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: ₹1 Lakh – ₹30 Crores.
• Processing Fees: 0.5% of the loan amount.

3. Rural Housing Loans: 8.40% to 9.35%

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility: Age 21 – 65 years, CIBIL Score 720 or above, Employment Type: Salaried or self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: ₹1 Lakh – ₹40 Crores.
• Processing Fees: 0.5% of the loan amount.

4. Home Renovation Loans: 8.40% to 9.00%

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility: Age 21 – 65 years, CIBIL Score 750 or above, Employment Type: Both salaried and self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: ₹1 Lakh – ₹50 Crores.
• Processing Fees: 0.5% of the loan amount.

5. Home Extension Loans: 8.40% to 9.00%

• Applicant Type: Individuals, including salaried and self-employed.
• Eligibility: Age 21 – 60 years, CIBIL Score 750 or above, Employment Type: Salaried or self-employed.
• Loan Tenure: Up to 30 years.
• Loan Amount: ₹1 Lakh – ₹60 Crores.
• Processing Fees: 0.5% of the loan amount.

Historical HDFC Home Loan Interest Rates (Last 10 Years):

• 2013: 9.40% – 10.25%
• 2014: 8.50% – 9.35%
• 2015: 8.00% – 9.00%
• 2016: 8.00% – 8.90%
• 2017: 7.85% – 8.75%
• 2018: 7.75% – 8.65%
• 2019: 7.60% – 8.50%
• 2020: 7.50% – 8.40%
• 2021: 7.40% – 8.30%
• 2022: 8.30% – 8.80%

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Conclusion: HDFC – Your Partner in Homeownership

With HDFC's competitive interest rates, flexible terms, and a range of products, your dream home is within reach. Explore the world of possibilities with HDFC, and let Propty guide you to your ideal home. Start your homeownership journey today!