20 Lakh HDFC Home Loan

HDFC Bank's 20 lakh home loan offers a flexible and accessible financing option for individuals looking to purchase, construct, or renovate their homes. Catering to a broad customer base, including salaried professionals, self-employed individuals, and NRIs, these loans come with competitive interest rates which may be either fixed or floating, depending on the borrower's preference and market conditions. The repayment tenure can extend up to 30 years, providing borrowers with the flexibility to choose an EMI plan that suits their financial capacity.

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Table of Content

1. 20 Lakh Home Loan HDFC Bank- Highlights

2. 20 Lakh HDFC Bank Home Loan EMI for 10 Years

3. 20 Lakh HDFC Bank Home Loan EMI for 20 Years

4. 20 Lakh HDFC Bank Home Loan Fees and Charges

5. 20 Lakh HDFC Home Loan Documents Required

6. 20 Lakh HDFC Bank Home Loan Eligibility Criteria

Written By

Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

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.

20 Lakh Home Loan HDFC Bank- Highlights

You can get a home loan of 20 Lakh from HDFC Bank under the following conditions:

Maximum Loan Amount	Up to 90% of the cost of property
Interest Rate (p.a.)	Starting from 8.50*% p.a
Loan Tenure	Up to 30 Years
Loan-to-Value Ratio (LTV)	Up to 80% of the property’s value
Processing Fee	Up to 0.5% of the loan amount
Type of Loan	Fixed/ Floating

20 Lakh HDFC Bank Home Loan EMI for 10 Years

The EMI payment for a loan of 20 Lakh taken for 10 years can be determined using the initial interest rate of 8.50% per annum.

Loan Amount	20 Lakh
Rate of Interest (p.a.)	8.50%
Loan Tenure	10 Years
EMI	₹24,797

20 Lakh HDFC Bank Home Loan EMI for 20 Years

The EMI payment for a loan of 20 Lakh taken for 20 years can be determined using the initial interest rate of 8.50% per annum.

Loan Amount	20 Lakh
Rate of Interest (p.a.)	8.50%
Loan Tenure	20 Years
EMI	₹17,356

20 Lakh HDFC Bank Home Loan – Fees and Charges

There are various expenses associated with home loans in addition to the interest rate of a 20 Lakh HDFC Bank home loan. Among these costs are:

Up to 0.50% of the loan amount plus applicable taxes is the processing fee and charges.
Stamp duty, MOD, MOE, registration fees, and other charges imposed by organisations like CERSAI as well as by third parties like mortgage guarantee companies
GST will be charged.

20 Lakh HDFC Home Loan – Documents Required

For 20 Lakh HDFC home loan approval, you need to submit the following documents along with the completed and signed home loan application form:

KYC Documents
Date of Birth Proof (Passport/ PAN Card/ Birth Certificate/ Driving License)
Signature Proof (Passport/ PAN Card/ Banker’s Verification)
Proof of Income (Latest Pay Slip/ Latest Bank Statement/One-year Employment Proof)
Property Related Documents
Other Documents for Home Loan

20 Lakh HDFC Bank Home Loan – Eligibility Criteria

For a ₹20 Lakh HDFC Bank Home Loan, the eligibility criteria include:

Age Range: 21-65 years.
Nationality: Indian Resident.
Minimum Income: For salaried individuals, ₹10,000 per month; for self-employed individuals, ₹2,00,000 per annum.

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Bank Wise Home Loan Eligibility Calculator

Frequently Asked Question (FAQs)

What is the EMI for 20 Lakh Home Loan for 20 years in HDFC Bank?

For a 20-year tenure on a ₹20 Lakh home loan from HDFC Bank, the estimated EMI is around ₹17,356.

Who is eligible for a 20 Lakh Home Loan in HDFC Bank?

HDFC Bank offers home loans of up to 20 lakh to eligible applicants, including salaried employees, self-employed professionals, and business owners. Eligibility is based on factors such as age, income stability, credit score, and existing debts. Both Indian residents and NRIs can apply, as long as they meet the bank’s criteria.

What is the annual interest rate of 20 Lakh Home Loan in HDFC Bank?

The annual interest rate of a 20 lakh Home Loan in HDFC Bank starts at 8.50%.