Rural Housing Loans

Name: Rural Housing Loans
Brand: HDFC BANK Home Loans
Rating: 5 (16 reviews)

Nothing beats the joy of having your own home, which is why we help you find the perfect one. If you are an agriculturist looking for a dream home in the rural or in urban areas, we make it easy to fulfil your dream. Based on the agricultural land you own and the crops you cultivate, HDFC Bank's Rural Housing Finance provides you with the Home Loan perfectly suited to fit your needs. We also offer Home Loans to salaried and self-employed individuals wishing for a space of their own in their hometown or village.

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Rural Housing Loan EMI Calculator

Loan Amount

₹

₹1 Lac ₹10 Cr

Tenure (Years)

1 30

Interest Rate (% P.A.)

0.5 15

Monthly Rural Housing Loan EMI

₹198341

Principal Amount

₹198341

Interest Amount

₹198341

Total Amount Payable

₹198341

Rates & Offers
Calculators
Documents
Fees & Charges
Rates offered to Customer
(Past Quarter)
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Terms and Conditions

Interest Rates

All rates are benchmarked to Policy Repo Rate. Current applicable Repo Rate = 5.25%

Special Home Loan Rates for Salaried, Self Employed & Agriculturists
Loan Slab	Interest Rates (% p.a.)
For All Loans*	Policy Repo Rate + 2.90 to 7.70= 8.40 to 13.20

Calculators

Get an estimate of your home loan and home buying budget and own your dream home with HDFC Bank Home Loans with super ease.

Documents

Following are the documents you would need to submit for all applicants / co-applicants along with the completed and signed Application Form for loan approval:

A	Sr. No.	Mandatory Documents
	1	PAN Card or Form 60 (If the customer does not have a PAN Card)
B	Sr. No.	Description of Officially Valid Documents (OVD) that can be accepted for establishing the legal name & current address of Individuals*[Any one of the following documents can be submitted]	Identity Proof	Address Proof
	1	Passport, the validity of which has not expired.	<%y%>	<%y%>
	2	Driving license which has not expired.	<%y%>	<%y%>
	3	Election /Voters identification card	<%y%>	<%y%>
	4	Job card issued by NREGA duly signed by the officer of the State Government	<%y%>	<%y%>
	5	Letter issued by the National Population Register containing details of name, address.	<%y%>	<%y%>
	6	Proof of possession of Aadhaar Number (to be obtained voluntarily)	<%y%>	<%y%>

A document mentioned above shall be deemed to be an OVD even if there is a change in the name subsequent to issuance provided it is supported by a marriage certificate issued by State Government or Gazette notification, indicating such a change of name.

Document	Agriculturists	Salaried	Self Employed Professional	Self Employed Non Professional
Copies of Title Documents of Agricultural Land depicting Land holding	<%y%>
Copies of Title Documents of Agricultural Land depicting crops being cultivated	<%y%>
Last 6 months' Bank Statements	<%y%>
Last 3 months' Salary Slips		<%y%>
Last 6 months' Bank Statements, showing salary credits		<%y%>
Latest Form-16 and IT returns		<%y%>
Income Tax Returns along with computation of income for atleast the last 2 Assessment Years (of both the individual and the business entity and attested by a CA)			<%y%>	<%y%>
Atleast last 2 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules (of both the individual and the business entity and attested by a CA)			<%y%>	<%y%>
Last 12 months' Current A/c Statements of the business entity and Savings Account Statements of the individual			<%y%>	<%y%>

Document	Agriculturists	Salaried	Self Employed Professional	Self Employed Non Professional
Own Contribution Proof	<%y%>	<%y%>	<%y%>	<%y%>
Employment Contract / Appointment Letter in case current employment is less than year old		<%y%>
Last 6 months' Bank Statements showing repayment of any ongoing loans	<%y%>	<%y%>	<%y%>	<%y%>
Passport size photograph of all the applicants / co-applicants to be affixed on the Application form and signed across.	<%y%>	<%y%>	<%y%>	<%y%>
Cheque for processing fee favouring HDFC Bank Ltd	<%y%>	<%y%>	<%y%>	<%y%>
Statement of the last 2 years of loans availed (if any)	<%y%>	<%y%>	<%y%>	<%y%>
Business Profile			<%y%>	<%y%>
Latest Form 26 AS			<%y%>	<%y%>
List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company			<%y%>	<%y%>
Memorandum and Articles of Association of the Company			<%y%>	<%y%>
Partnership deed in case of the business entity being a partnership firm			<%y%>	<%y%>
Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.			<%y%>	<%y%>

*All documents to be self-attested. The above list is indicative in nature and additional documents can be asked for.

Housing Charges

Processing Fees & Charges

Processing Fees & Charges
Processing fee/Loan processing charge (non-refundable)	Salaried / Self employed Professional Upto 0.50% of the loan amount or Rs. 4,000/- whichever is higher, plus applicable taxes. For Self-Employed Non-Professionals: Upto 1.50% of the loan amount or Rs. 5,000/- whichever is higher, plus applicable taxes. For NRI Loans Upto 1.50% of the Loan amount or Rs. 4,000/- whichever is higher + applicable taxes / statutory levies and charges. For Value Plus Loans Upto 1.50% of the Loan amount or Rs. 5000/- whichever is higher + applicable taxes / statutory levies and charges. For HDFC Reach Scheme Upto 2.00% of the loan amount+ applicable taxes / statutory levies. Processing Fee is non-refundable in nature
Re-Appraisal Of Loan After 6 Months From Sanction(applicable for housing and non-housing)	Salaried / Self employed Professional- Upto Rs. 3300/- For Self-Employed Non-Professionals/ NRI/ Value Plus Loans/ HDFC Reach Scheme/- Upto Rs. 5000
Conversion of ROI from floating to fixed(who have availed EMI based floating rate Personal Loans)*Please refer the RBI circularNo.DBR.No.BP.BC.99/08.13.100/2017-18 on “XBRL Returns – Harmonization of Banking Statistics” dated January 04, 2018.”.	Upto Rs. 3000/-
List Of Documents (For issuance of duplicate LOD post disburserment)	Upto Rs.500/-
Photocopy of Documents	Upto Rs. 500/-
Repayment Mode Change Charges	Upto Rs.500/-
Stamp Duty & Statutory / Regulatory Charges	At actual
Incidental Charges	At actual
Cersai Charges	At actual (upto Rs.100/-)
Mortgage Guarantee	At actual
Administrative Charges	Upto Rs.5000/- plus applicable taxes
Other penal charges, if any
Non Compliance of sanction / agreed Terms	Upto 2% charges per annum on principal outstanding for non compliance of agreed terms upto its fulfillment - (Charged on monthly basis) Subject to a Max of Rs 50000/- for Critical security related deferrals Max of Rs 25000/- for other deferrals
Conversion Fees/Charges	For Home Loan, HL Top UP & Plot Equity loan (Switch to lower rate in Variable rate loans ) Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or Rs 3000 (which ever is lower ) for 1st Conversion with charges. , for Subsequent conversions charges would be Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion OR Rs 2000 ( which ever is lower ) . Switch from Combination rate home loan under fixed rate term/Fixed rate loan to Variable rate – Upto 1.50% of the Principal Outstanding
Payment Return Charges	Rs. 450/-
Premature closure charges	• Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest – Nil • Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest - 2% plus applicable taxes/statutory except when part or full prepayment is being made through own sources
Property Document Retention charges	Rs. 1000 per calendar month, after 2 calendar months from date of closure of all loans/facilities linked to the collateral

Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.
The Borrower will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan.

1. All the above charges/fees/Commissions are exclusive of applicable taxes. All government taxes will be charged as applicable
2. 10% discount to senior citizens on all the service charges
3. Service charges/Fees/Commissions may be revised with approval of Business Head in case of regulatory requirement.
4. NIL Premature Closure Charges /Foreclosure/ Prepayment Charges for Fixed rate loan facility up to Rs. 50 Lakh availed by Micro & Small Enterprises.
5. NIL Processing Fees for loan facility up to Rs. 5 Lakh availed by Micro & Small Enterprises subject to URC submission prior to disbursal
6. Interest rate of 18% p.a. will be levied on the amount utilized above the Operating Limit of overdraft facility. (Applicable for DOD facility only).
7. Penal Charges will be realised on cash basis
8. Interest will be charged on unpaid EMI for the number of days EMI is late. This interest is calculated @ loan’s contracted rate and will be added to next EMI.
9. The Borrower will be required to submit such documents that HDFC Bank may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan
10. Processing fee, administrative fee, stamp duty, cersai fee and all other charges are non refundable

In the event of default, the details of authorised associate to approach for recovery of dues will be intimated to you through a payment reminder communication and any change in details would be intimated to you thereon. List of authorised associates empanelled for handling collections are updated on the banks website for reference.

Other Charges

Other Charges
Incidental Charges	Incidental charges and expenses are levied to cover the cost, charges, expense and other monies as per actuals applicable to a case.
Stamp Duty/ MOD/ MOE/ Registration	As applicable in the respective States.
Fees/Charges levied by Regulatory /government entities such as CERSAI	As per actual charges/ fee levied by Regulatory bodies + applicable taxes/ statutory levies
Fees/Charges levied by such third parties such as mortgage guarantee company	As per actual fee/ charges levied by any third party(ies) + applicable taxes/ statutory levies

• 10% discount to senior citizens on all the service charges

Non-Housing Charges

Rural Housing Loan Eligibility

Loan eligibility is primarily dependent on income and repaying capacity. Other important factors include the customer’s profile, age at loan maturity, age of property at loan maturity, investment and savings history etc.

Important Factor	Criteria
Age	18-70 years
Profession	Salaried / Self Employed / Agriculturists
Nationality	Resident Indian
Tenure	Up to 30 years

Classification of Self Employed

SELF-EMPLOYED PROFESSIONAL	SELF EMPLOYED NON-PROFESSIONAL (SENP)
Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary etc.	Trader, Commission Agent, Contractor etc.

Classification of Agriculturists

Farmers, Horiculturists, Planters, Dairy Farmers, Fish Farmers etc.

How does adding a co-applicant benefit? *

Higher loan eligibility with an earning co-applicant.

Specially designed loans to Agriculturists, Planters, Horticulturists, Dairy Farmers, Fish Farmers for purchasing an under construction / new / existing residential property in the rural and urban areas.

*All co-applicants need not be co-owners. But all co-owners need to be co-applicants to the loans. Generally, co-applicants are close family members.

Maximum Funding**
Loans up to and including ₹30 lacs	90% of the property cost
Loans from ₹30.01 lacs to ₹75 lacs	80% of the property cost
Loans above ₹75 lacs	75% of the property cost

**Subject to market value of the plot and repayment capacity of the customer, as assessed by HDFC Bank.

Home Loan in Different Cities

Home Loans in Mumbai

Home Loans in Jaipur

Home Loans in Bangalore

Home Loans in Chennai

Home Loans in Hyderabad

Home Loans in Delhi

Home Loans in Pune

Home Loans in Gurgaon

Home Loans in Chandigarh

Home Loans in Noida/Greater Noida

Get Home Loan for Different Budgets

₹1 Crore Home Loan

₹90 Lakhs Home Loan

₹80 Lakhs Home Loan

₹75 Lakhs Home Loan

₹70 Lakhs Home Loan

₹95 Lakhs Home Loan

₹85 Lakhs Home Loan

₹1.5 Crores Home Loan

₹2 Crores Home Loan

₹65 Lakhs Home Loan

₹60 Lakhs Home Loan

₹45 Lakhs Home Loan

₹40 Lakhs Home Loan

₹55 Lakhs Home Loan

₹35 Lakhs Home Loan

₹50 Lakhs Home Loan

₹25 Lakhs Home Loan

₹30 Lakhs Home Loan

Testimonials

AGHARA RAVIKUMAR M

“

It was very easy to complete disbursement process with support of HDFC staff

”

MURALI SHEEBA

“

For people like us with a busy schedule hassle-free service online without visiting the bank was really a lifesaver.

”

FREDDY VINCENT S V

“

In this challenging situation, the entire process was carried out in a smooth way. Even the query raised was sorted out in a very short time with no hurdle. Every person involved in the inquiry procedures were courteous.

”

Frequently Asked Questions

HDFC Bank will determine your Home Loan Eligibility largely by your income and repayment capacity. Other important factors include your age, qualification, number of dependants, your spouse's income (if any), assets & liabilities, savings history and the stability & continuity of occupation.

EMI refers to the ‘Equated Monthly Installment’ which is the amount you will pay to us on a specific date each month till the loan is repaid in full. The EMI comprises of the principal and interest components which are structured in a way that in the initial years of your loan, the interest component is much larger than the principal component, while towards the latter half of the loan, the principal component is much larger.

‘Own Contribution’ is the total cost of the property less HDFC Bank's home loan.

For your convenience, HDFC Bank offers various modes for repayment of your house loan. You may issue standing instructions to your banker to pay the installments through ECS (Electronic Clearing System), opt for direct deduction of monthly installments by your employer or issue post-dated cheques from your salary account.

You can apply for a Home Loan at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced.

Rates Offered to Customer (FY27 Q1 data)
Segment	IRR			APR
Segment	Min	Max	Avg.	Min	Max	Avg.
HOUSING	7.1	12	7.35	7.1	12	7.35
NON - HOUSING	7.15	13.6	8.06	7.15	13.6	8.06

Rural Housing Loan Benefits

Customised Repayment Options

Tailor-made home loans to suit your requirements.

Easy documentation

Apply with minimal documents, save time and effort.

24x7 assistance

Connect with us on Chat, WhatsApp anytime, anywhere!

Online loan account

Key Features

Construct your home on a freehold / lease hold residential plot in the rural and urban areas.

Enhance your home in many ways such as tiling and flooring, internal and external plaster and painting etc.

Extend / add space to your home such as additional rooms etc.

For Agriculturists, no mortgage of agricultural land is required to avail the Home Loan

Longer tenure of 20 years for Agriculturists.

Loans also available for the Salaried / Self-Employed for purchasing a under construction / new / existing residential property in your village.

No mandatory requirement of Income Tax Returns from Agriculturists applying for the Home Loan

Customized repayment options to suit your needs.

Attractive interest rates.

No hidden charges.

Terms & Conditions

Security

Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC Bank.

Other Conditions

All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC Bank's products and services. For detailed information about HDFC Bank's products and services kindly visit the nearest HDFC Bank branch.

Click here for the Most Important Terms and Conditions pertaining to your loan.