HDFC Bank Rural Housing Loans

HDFC Bank Rural Housing Loan Highlights
Interest Rate	9.40%-10.75% p.a.
Loan Amount	75% – 90% of the property cost
Loan Tenure	Up to 30 years
Processing Fee	Up to 0.50% of the loan amount or Rs. 3,300 + GST

Note: Rates as of 18 March 2025

HDFC Bank Rural Housing Loan Interest Rate

Standard Home Loan Rates

Loan Slab	Interest Rates (p.a.)
For all loan amounts	9.40%-10.75%

Also Check: Current Home Loan Rates

Features of Rural Housing Loan

Purpose: 

• To purchase an under-construction/existing/new residential property in the rural and urban areas
• To add or extend space to existing home property
• To enhance the home in many ways such as internal and external plaster, tiling and flooring and painting, etc
• To construct a home on a freehold or leasehold residential plot in the urban & rural areas

Tenure: 

• For Telescopic Repayment Option under Adjustable Rate Home Loan- Up to 30 years
• For all other home loans– Up to 20 years

Loan to Value (LTV) Ratio:

Loan Amount	LTV Ratio
Up to and including Rs 30 lakh	Up to 90% of property cost
Rs 30.01 lakh-Rs 75 lakh	Up to 80% of property cost
Above Rs 75 lakh	Up to 75% of property cost

HDFC Bank Rural Housing Loan Fees & Charges

Processing Fees & Other Charges

Particulars	Charges (excluding GST)
Processing fees (for Salaried/ Self-Employed Professionals)	Up to 0.50% of the loan amount or Rs. 3,300 whichever is higher
	Minimum Retention Amount: 50% of applicable fees or Rs. 3,300 whichever is higher
Processing fees (for Agriculturists/ Self-Employed Non-Professionals)	Up to 1.50% of the loan amount or Rs 5,000 whichever is higher.
	Minimum Retention Amount: 50% of applicable fees or Rs 5,000, whichever is higher.
Prepayment 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 Loans (“CRHL”) during the period of applicability of the Fixed Rate of interest- NIL when prepaid through own sources of funds; 2% of the prepaid amount when paid through other sources of funds
Delayed Instalment Payment Charges	Maximum 18% p.a. on overdue instalment amounts
Stamp Duty/MOE/MOD/ Registration	As applicable
Payment Return Charges	Up to Rs 300/dishonor
Photo Copy of Documents	Up to Rs 500
List of documents charges- for issuance of duplicate list of documents post disbursement	Up to Rs. 500
Repayment Mode Changes	Up to Rs. 500
Charges levied on account of non- adherence of sanction terms agreed by customer at the time of disbursement of the loan	Up to 2% charges p.a. on the outstanding principal for non-compliance of agreed terms up to its fulfillment- (charged on a monthly basis) subject to a cap of Rs 50,000 for critical security-related deferrals. Max Rs. 25,000/- for other deferrals.
Custody Charges	Rs 1,000 per month for non-collection of collateral documents beyond 60 days, from the closure date of all loans or facilities linked to the collateral

Conversion Charges

Particulars	Charges
Switch to Lower Rate in Variable rate Loans (Housing/Extension/Renovation/Plot/top-Up)	Up to 0.50% of the principal outstanding and undisbursed amount (if any) at the time of conversion or Rs 3.000, whichever is lower
Switch to Variable Rate Loans from Fixed Rate Loans (Housing/Extension/Renovation)	Up to 0.50% of the principal outstanding and undisbursed amount (if any)
Conversion of ROI from floating to fixed (borrowed who have availed EMI-based floating rate Personal Loans )	Up to Rs 3,000

HDFC Bank Rural Housing Loan Eligibility

Stated below are the eligibility criteria required for availing rural housing loan from HDFC Bank:

• Nationality: Resident Indian
• Age: 18 to 70 years
• Profession: Salaried/Self-Employed/Agriculturists

Click Here:- To know more about HDFC Bank Home Loan Eligibility

Documents Required for HDFC Bank Rural Housing Loan

Identity & Residence Proof (KYC) for agriculturists, salaried individuals, self-employed individuals

• PAN Card or Form 60 (in case the applicant does not have a PAN Card) (Mandatory)
• Description of Officially Valid Documents (OVD) that can be accepted for establishing the legal name and current address of the applicant (any of the following)
  • Passport
  • Driving license
  • Election/Voter’s identification card
  • Job card issued by NREGA duly signed by the officer of the State Government
  • Letter issued by the National Population Register containing details of name, address
  • Proof of possession of Aadhaar Number

Income Proof

For agriculturists:

• Copies of Title Documents of agricultural land depicting land holding
• Copies of Title Documents of agricultural land depicting crops being cultivated
• Bank statements for the last 6 months

For salaried individuals:

• Salary Slips for the last 3 months
• Bank Statements of the last 6 months, showing salary credits
• Latest Form-16 and IT returns

For self-employed individuals:

• Income Tax Returns along with income computation for the last 3 Assessment Years (of individual and the business entity and attested by a CA)
• Balance Sheet and Profit & Loss A/c Statements of last 3 years, with Annexures / Schedules (of both the business entity and individual and attested by a CA)
• Last 6 months’ Current A/c Statements of the business entity and Savings Account Statements of the individual

Other Documents

For agriculturists

• Bank Statements of the last 6 months showing repayment of any ongoing loans
• Passport size photograph of all the applicants / co-applicants and duly signed
• Cheque for processing fee favouring ‘HDFC Ltd.’ In Indian Rupees
• Own contribution proof
• Last 2 years statement of loans availed (if any)

For salaried individuals

• Employment Contract / Appointment Letter in case current employment is less than 1 year
• Last 6 months bank statements showing repayment of any ongoing loans
• Memorandum and Articles of Association of the Company
• Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
• Own contribution proof
• Last 2 years statement of loans availed (if any)

For self-employed individuals

• Business Profile
• Latest Form 26 AS
• Memorandum and Articles of Association of the Company
• List of Directors and Shareholders certified by a CA / CS in case of the business entity being a company
• Partnership deed in case of the business entity being a partnership firm
• Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.
• Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
• Cheque for processing fee favouring ‘HDFC Ltd’
• Own Contribution Proof