1 Crore HDFC Bank Home Loan

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Are you tired of constantly paying exorbitant rent for your house? Are you frustrated that a significant portion of your salary is being wasted without any long-term benefits? Do you believe that there are better uses for this money? If you answered yes to these questions, then you are likely ready to replace your rent payments with monthly instalments. HDFC Bank offers Home Loans up to Rs 1 Crore, allowing you to purchase your own house and break free from the endless rent cycle. The approval process for these loans takes into consideration various factors such as the applicant's age, qualifications, number of dependents, spouse's income (if applicable), assets and liabilities, savings history, and the stability of their occupation. To know more, keep scrolling down.

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Table of Content

1. 1 Crore Home Loan HDFC Bank Highlights

2. 1 Crore HDFC Bank Home Loan EMI for 10 Years

3. 1 Crore HDFC Bank Home Loan EMI for 20 Years

4. 1 Crore HDFC Bank Home Loan Fees and Charges

5. 1 Crore HDFC Bank Home Loan Documents Required

6. 1 Crore HDFC Bank Home Loan Eligibility Criteria

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

1 Crore Home Loan HDFC Bank – Highlights

The following are the key highlights of an HDFC ₹1 Crore Home Loan:

Feature	Detail
Interest Rates	8.50*% p.a. onwards
Processing Fees	Nominal, with additional charges clearly stated upfront
Down Payment	10-25% of the property cost
Loan Amount	80-90% of the property’s value
Loan Tenure	Up to 30 years
Eligibility	Available to anyone with a stable source of income

1 Crore HDFC Bank Home Loan EMI for 10 Years

The following table shows the breakdown of EMI for 1 Crore Home Loan for 10 years by HDFC:

Loan Amount	1 Crore
Rate of Interest (p.a.)	8.50 %
Loan Tenure	10 Years
EMI	₹1,48,78,283

1 Crore HDFC Bank Home Loan EMI for 20 Years

The following table shows the breakdown of EMI for 1 Crore Home Loan for 20 years by HDFC:

Loan Amount	1 Crore
Rate of Interest (p.a.)	8.50 %
Loan Tenure	20 Years
EMI	₹2,08,27,758

1 Crore HDFC Bank Home Loan – Fees and Charges

Aside from the interest rate on HDFC Bank home loans, there are additional charges to consider. These charges include:

Fee/ Charge	Amount
Processing Fee	Upto 0.50% of the loan amount or Rs. 3000/-
List of Documents	Upto Rs. 500/- + taxes
Stamp Duty/ MOD/ MOE/ Registration	As applicable in the respective States.
CERSAI	As per actual charges + taxes
Late Payment Penalty	Rs. 300 + GST

1 Crore HDFC Bank Home Loan – Documents Required

You must submit the following documents to apply for a 1 Crore Home Loan at HDFC Bank:

ID Proof: (Aadhar card/ PAN card/ driving licence/ voter ID/ passport, etc.)
Address Proof: (Aadhar card/ voter ID/ driving licence/ passport, etc.)
Age Proof: (Voter ID/ passport/ PAN card/ Aadhar card/ driving licence, etc.)
Signature proof, like a passport or PAN card
Income Proof

1 Crore HDFC Bank Home Loan – Eligibility Criteria

Eligibility Criteria for a 1 Crore HDFC Bank Home Loan is as follows:

Age Limit: 18-65 years
Nature of Employment: Self-Employed/ Salaried Individuals/ Agriculturists
Minimum Income: Minimum Income of ₹20,000 per month for Delhi, Mumbai, Bangalore, Pune, and Chennai residents.
Nationality: Indian
2 years of work experience and at least 6 months in the current organisation is required for a salaried applicant.
A minimum of 3 years in business or profession is required for a self-employed applicant.

Frequently Asked Questions (FAQs)

What is the EMI for 1 Crore Home Loan for 20 years in HDFC?

₹2,08,27,758 is the applicable EMI for a ₹1 Crore Home Loan for 20 years in HDFC Bank.

Who is eligible for a 1 Crore Home loan in HDFC?

Both salaried and self-employed individuals, who can exhibit a stable source of income to cover the loan EMIs, are eligible for a ₹1 Crore home loan in HDFC Bank.

What is the monthly interest rate of a 1 Crore home loan in HDFC Bank?

The monthly interest rate for a home loan in HDFC Bank with an annual interest rate of 8.50% is approximately 0.7083% or roughly 0.71%.