Dream Home Realised: How HDFC Home Loans Make Ownership Possible

The Reserve Bank of India (RBI) is the exclusive regulatory body that collaborates with the Indian government to develop policies, guidelines, and directives for the banking and financial industry. All parties, including borrowers, investors, and non-banking financial institutions, are subject to its regulations. These laws and regulations are periodically modified to reflect the nation’s changing financial demands and economic conditions. Therefore, you must be aware of RBI laws and regulations before taking out a loan or making any kind of financial investment. To get an HDFC home loan, you must follow the guidelines. This article will help you to get a better understanding of these guidelines. 

HDFC Home Loan

Home Development Financing Corporation Limited (HDFC), one of India’s top home financing businesses, offers the HDFC Home Loan financial product. The purpose of this loan is to assist people in realizing their goal of becoming property owners. Funding is available from HDFC for purchasing a new home, building on an existing property, or renovating an owned home.

HDFC Home Loan Eligibility Criteria

Important FactorCriteria
Age 18-70 years
Profession Salaried/ Self Employed 
Nationality Resident of India
Tenure Up to 30 years

HDFC Home Loan: Documents Required

KYC Documents

These consist of evidence of your address and identification. To satisfy this criterion, you may present a valid passport, voter ID card, Aadhaar card, etc.

Income Documents

The lender uses these papers to determine your eligibility for a loan. You can send your most recent three months’ pay slips or salary slips if you work for a job; if you work for yourself, you run a business, submit your income tax returns and the latest three years’ worth of income calculations.

Property Documents

These records consist of the title deeds, the agreement to sell, etc. With the help of these documents, the bank will do a thorough check of your loan-paying ability. 

To receive house loan approval, you must provide your KYC papers, credit reports, and income documentation with your application; nevertheless, to receive home loan disbursement, you must present the property documents in original.

How HDFC Home Loan Works?

  • The lender’s eligibility requirements are used to review your home loan application.
  • If you satisfy their requirements, the lender notifies you of the home loan’s duration, interest rate, and EMIs. Your purchased home acts as “collateral.”
  • You can use the HDFC home loan calculator to calculate your loan premium and the amount you must pay.
  • You become the house owner after paying off the principal and interest on your HDFC Home Loan.

Types of HDFC Home Loans

The different types of home loans available at HDFC are stated below:

  • Fixed-rate loan- The interest rate on a fixed-rate loan is predetermined when the loan is taken out. This interest rate will be in effect for the whole loan term.
  • Combination loan- These loans provide a portion of the loan at a fixed interest rate and a portion at a variable or floating rate.
  • Floating rate or adjustable loan- The interest rate on this kind of loan is based on the benchmark rate set by the lender. The interest rate adjusts proportionally to any changes in the benchmark rate.

HDFC Loan to Value Ratio (LTV)

The loan-to-value ratio is the proportion of the loan amount provided by the bank to the true worth of the property. For instance, if your property’s loan-to-value (LTV) ratio is 60%, the bank will grant you 60% of the necessary money to finance your home. The RBI has set up a few home loan regulations, which are stated below:

  • For a residence bounded by a Loan-to-value (LTV) ratio of 90%, homes with a value of 30 lakhs or below are not allowed.
  • The LTV ratio for residential properties is 80% for properties priced between 30 and 75 lakhs.
  • Loans outstanding are one lakh rupees or more about the value of the assets, with a Loan-to-Value (LTV) ratio of 75% for residences with a valuation of 75 lakhs or more.


Your dream house will be transformed into an achievable reality thanks to HDFC home loans. This approach makes getting a home easier and faster with their efforts. These finances give you the required amount to acquire or build a property as an asset. Ensure that you understand the terms of the agreement, choose a loan that suits your specific needs, and plan with caution. To get a better understanding of HDFC loans you can use the HDFC home loan calculator. Through HDFC, you can purchase a home whose home loan interests will be financed by the corporation for approximately 10 years. If you wish to have a private and personal space, HDFC loans specifically targeted to arrange this facility are available in the market.

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