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Home Loan Required Documents Checklist, Processing Fee, Charges

While availing a Home Loan, it's essential to understand the key documents, charges, and the overall process involved. For identity and residence proof, a PAN card, passport, Aadhar card, or driving license are accepted, along with other government-issued identification. Salaried individuals need to provide the last 3 months' salary slips, 6 months' bank statements reflecting salary credits, and the latest Form-16 and IT returns. For the self-employed, income tax returns, balance sheets, profit and loss statements for the last 2 years are crucial, along with business entity statements attested by a CA. The process includes meticulous check of these documents. Home Loan charges encompass processing fees, conversion fees, and other miscellaneous charges. A comprehensive understanding of these aspects ensures a smooth and informed home loan application process.

Home Loan Documents

For home loan approval, you need to submit the following documents for applicant / all co-applicants along with the
completed and signed home loan application form.

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.
	2	Driving license which has not expired.
	3	Election /Voters identification card
	4	Job card issued by NREGA duly signed by the officer of the State Government
	5	Letter issued by the National Population Register containing details of name, address.
	6	Proof of possession of Aadhaar Number (to be obtained voluntarily)

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	Salaried	Self Employed Professional	Self Employed Non Professional
Last 3 months' Salary Slips
Last 6 months' Bank Statements, showing salary credits
Latest Form-16 and IT returns
Income Tax Returns along with computation of income for at least the last 2 Assessment Years (of both the individual and the business entity and attested by a CA)
At least 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)
Last 12 months' Current A/c Statements of the business entity and Savings Account Statements of the individual

For Purchase of a New Home

Document	Salaried	Self Employed Professional	Self Employed Non Professional
Copy of the Allotment Letter / Buyer Agreement
Receipt/(s) of payment/(s) made to the developer

For Purchase of a Resale Home

Document	Salaried	Self Employed Professional	Self Employed Non Professional
Title Deeds including previous chain of the property documents
Receipt/(s) of initial payment/(s) made to the seller
Copy of the agreement to sell (if already executed)

For Constructing a Home on a N.A. Plot

Document	Salaried	Self Employed Professional	Self Employed Non Professional
Title Deeds of the Plot
Proof of no encumbrances on the property
Copy of the plans, approved by the Local Authorities
Construction estimate by an Architect / Civil engineer

Document	Salaried	Self Employed Professional	Self Employed Non Professional
Own Contribution Proof
Employment Contract / Appointment Letter in case current employment is less than year old
Last 6 months' Bank Statements showing repayment of any ongoing loans
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 Bank.
Business Profile
Latest Form 26 AS
List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company
Memorandum and Articles of Association of the 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.

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

Housing Charges

Processing Fees

Processing Fees & Charges
Fees for Resident Housing Loan/ Extension/ House Renovation Loan/ Refinance of Housing Loan/ Plot Loans for Housing (Salaried, Self-Employed Professionals)	Upto 0.50% of the loan amount or Rs. 3300/- whichever is higher + applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3300/- +applicable taxes/statutory levies whichever is higher
Fees for Resident Housing/ Extension/ Renovation/ Refinance/ Plot Loans for Self Employed Non-Professionals.	Upto 1.50 % of the Loan amount or Rs. 5000/- whichever is higher+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 5000/- +applicable taxes/statutory levies whichever is higher
Fees for NRI Loans	Upto 1.50% of the Loan amount or Rs. 3300/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 3300/-+applicable taxes/statutory levies whichever is higher
Fees for Value Plus Loans	Upto 1.50% of the Loan amount or Rs. 5000/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 5000/-+applicable taxes/statutory levies whichever is higher
Fees for Loans under HDFC Bank Reach Scheme	Up to 2.00% of the loan amount+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3300/-+applicable taxes/statutory levies whichever is higher
Re-appraisal of loan after 6 months from date of sanction	Salaried / Self employed Professional-Upto Rs. 3300/- + applicable taxes/ statutory charges For Self-Employed Non-Professionals/ NRI/ Value Plus Loans/ HDFC Reach Scheme/- Upto Rs. 5000/- + applicable taxes + statutory charges
Increase in Loan amount	For loan amount increase fees applicable under processing charges shall be levied.

Other Charges

Other Charges
Delayed Instalment Payment Charges	A maximum of 18% P. A. on overdue instalment amounts.
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

• If you pay your EMI after the due date , Interest will be charged on unpaid EMI for the number of days you are late . This interest is calculated at your loan's contracted rate and will be added to your next EMI

Eg : EMI due date : 10th
Payment made on : 25th
Delay : 15 days
impact : interest for these 15 days will be added to your next EMI

Please pay on time to avoid this.

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

Conversion Charges
Switch to Lower Rate in Variable rate Loans (Housing/ Extension/ Renovation / Plot / Top Up)	Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or Rs 3000 (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 and Undisbursed amount (if any)+ applicable taxes / statutory levies at the time of Conversion.
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/- + applicable taxes / statutory levies.

Miscellaneous Receipts
Payment Return charges	Rs. 300/- Per Dishonor.
Photocopy of Documents	Upto Rs. 500/- + applicable taxes / . statutory levies
Fees on account of External Opinion – such as legal/technical verifications.	As per actuals.
List of documents charges- for issuance of duplicate list of documents post disbursement	Upto Rs. 500/- + applicable taxes / statutory levies.
Repayment mode changes	Upto Rs. 500/- + applicable taxes / statutory levies.
Custody Charges/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
Charges levied on account of non- adherence of sanction terms agreed by customer at the time of disbursement of the loan.	Upto 2% charges per annum on principal outstanding for non- compliance of agreed terms upto its fulfilment- (charged on monthly basis) subject to cap of Rs. 50000/- for critical security related deferrals. Max Rs. 25000/- for other deferrals.

Pre Mature Closure / Part Payment Charges
A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest	For loans sanctioned to individual borrowers with or without co-applicants, no prepayment charges shall be payable on account of part or full prepayments made through any sources* except when the loan is sanctioned for business purposes**.
B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest	For all loans sanctioned with or without co-applicants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies of the amounts being so prepaid on account of part or full prepayments except when part or full prepayment is being made through own sources*.

Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

**Conditions apply

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.

Non-Housing Charges

Pre-Payment / Part Payment Charges
Floating Interest Rate Term Loans	• No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment. • 2.5% + applicable taxes of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%. • Nil Part Payment charges for floating rate term loan availed by Individual borrowers for End Use other than Business Purpose • Nil Part Payment charges for floating rate term loans availed by Micro & Small Enterprises.
Fixed Interest rate Term loans	• Maximum of 2.5% of the Principal Outstanding. • >60 months after the disbursement of the Loan – NIL Charges. • NIL Part-payment charges for loan amount up to Rs. 50 Lakh availed by Micro & Small Enterprises. • No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment. • 2.5% (Plus applicable taxes) of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%.

Pre-Payment / Part Payment Charges

Floating Interest Rate Term Loans

• No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment.

• 2.5% + applicable taxes of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%.

• Nil Part Payment charges for floating rate term loan availed by Individual borrowers for End Use other than Business Purpose

• Nil Part Payment charges for floating rate term loans availed by Micro & Small Enterprises.

Fixed Interest rate Term loans

• Maximum of 2.5% of the Principal Outstanding.

• >60 months after the disbursement of the Loan – NIL Charges.

• NIL Part-payment charges for loan amount up to Rs. 50 Lakh availed by Micro & Small Enterprises.

• 2.5% (Plus applicable taxes) of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%.

Premature closure charges
Floating rate term loan availed by Individual borrowers for Business Purpose	2.5 % of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges
Floating rate term loan availed by Individual borrowers for End Use other than Business Purpose	NIL
Floating rate term loans availed by Micro & Small Enterprises	NIL
Floating Rate term loans availed by Non Individual borrowers*	Maximum of 2.5% of the Principal Outstanding. >60 months after the disbursement of the Loan – NIL Charges
Fixed Interest rate Term loans	- 2.5 % (Plus applicable Taxes) of the Principal Outstanding, > 60 months after the disbursement of the Loan/Facility – NIL Charges. NIL Premature Closure Charges /Foreclosure/ Prepayment /Takeover/Part-payment charges for loan amount up to Rs. 50 Lakh availed by Micro & Small Enterprises.

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 Bank may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan.

The prepayment charges are subject to change as per prevailing policies of HDFC Bank and accordingly may vary from time to time which shall be notified on www.hdfcbank.com.

Other Charges
Delayed Instalment payment Charge	A maximum of 18% P. A. on overdue instalment amounts.
Payment Return Charges	Rs 450/-
Repayment schedule charges*	Rs. 50/- per instance / Digital – Free
Repayment mode change charges*	Rs. 500/-
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
Revision in spread	0.1% of Principal Outstanding OR Rs. 3000 whichever is higher Per proposal
Legal/Repossession & Incidental charges	At actuals
Stamp Duty & other statutory charges	As per applicable laws of the state
Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers)	NIL
Charges levied for Non Adherence of ESCROW Account (as per sanction terms and conditions)	2% p. a additional on existing ROI (Applicable in LARR cases only)
Charges levied on account of non- adherence of sanction terms.	2% per annum additional on existing ROI- (Charged on monthly basis) Subject to a Max of Rs 50000/-
CERSAI Charges	Rs. 100 for each property / at actuals
Property Swapping / Partial property Release*	0.1% of the loan amount. Min – Rs. 10,000/-. Max of Rs 25000/- per property
Document Retrieval charges post Disbursement*	Rs. 500/- per document set. (Post disbursement)

Eg : EMI due date : 10th
Payment made on : 25th
Delay : 15 days
impact : interest for these 15 days will be added to your next EMI

Please pay on time to avoid this.

• All the above charges/fees/Commissions are exclusive of taxes. All government taxes are applicable.

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

Home Loan Repayment Options

*Applicable only to salaried individuals.

Options for floating rate loans in case of Increase in Benchmark Interest Rate

Effective 31-Dec-23, in case of upward revision in interest rate, subsequent to change in external benchmark lending rate, individual customers of floating rate home loans and/or loans for personal end-use will have an additional one-time option to convert to a Fixed Rate subject to our internal policies and checks.

Conversion option at fixed rates are available as under :

Housing Loans : 11.25% - 11.75% + p.a.
Top-Up Loans (for personal end use*) : 11.50% - 12.00% + p.a.
Non-Housing Loans (for personal end use*) : 11.80% - 13.30% + p.a.

Reach Loans : 0.75% p.a. higher than above

Conversion fees upto Rs 3000/- + applicable taxes / statutory levies.

*Defined as per regulatory guidelines - RBI circular No. DBR.No.BP.BC.99/08.13.100/2017-18 on “XBRL Returns – Harmonization of Banking Statistics” dated January 04, 2018”

Our customers may exercise any of the following options :