Extension Loan

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Home Extension Loan Interest Rates

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

Interest Rates Starting From

Policy Repo Rate + 2.50% to 7.95%

7.75% p.a. to 13.20% p.a.

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*Terms and Conditions Apply

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Key Benefits

  • Get Home Loan approval in 4 simple steps with our fully digital process.
  • Enjoy tailor-made Home Loans designed to fit your unique needs.
  • Apply with minimal documents and save time and effort.
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Key Features

  • Loans to expand or add space to your home, such as building extra rooms or extensions.

  • Available for both new and existing HDFC Bank customers.

  • Streamlined and hassle-free documentation process.

  • Convenient repayment options through easy monthly instalments. 

  • Loans are offered at competitive Home Loan interest rates.

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Important Notes

Rates

  • The above Home Loan interest rates/ EMI are applicable for loans under the Adjustable Rate Home Loan Scheme (Floating Interest Rate) of (HDFC Bank and are subject to change at the time of disbursement. 

  • The Home Loan interest rates above are linked to HDFC Bank's Repo Rate and are variable throughout the tenure of the loan. 

  • All loans are at the sole discretion of HDFC Bank. For further details regarding the loan slabs and interest rates above, Click here.

Terms and Conditions 

  • The loan is typically secured by a lien on the property being financed. HDFC Bank may also require additional collateral or interim security as needed.

  • The information provided here is intended for general awareness and convenience, serving as an indicative guide to HDFC Bank’s products and services. For comprehensive details about HDFC Bank’s offerings, please visit your nearest HDFC Bank branch.

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

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Wondering if You Are Eligible?

Salaried

  • Nationality: Resident Indian
  • Age: 18 to 70 years
  • Tenure: Up to 20 years

Self-Employed

  • Nationality: Resident Indian
  • Age: 18 to 70 years
  • Tenure: Up to 20 years

Pradhan Mantri Awas Yojana

(Urban) 2.0 - PMAY (U) 2.0

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Pre-verified Properties

Explore pre-approved projects and get started.

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Fees and Charges for Home Extension Loan

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

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.

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.

Name of Fee/ Charge levied Amount in Rupees
Custody charges Rs 1000/- per month for non-collection of collateral documents beyond 60 days, from date of closure of all loans/facilities linked to the collateral.

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.

More about Home Extension Loan

Home Extension Loans help homeowners finance renovations or add more space to their existing property. With flexible repayment options and attractive interest rates, these loans allow individuals to upgrade their homes without the financial burden of paying upfront.

HDFC Bank’s Home Extension Loans offer features like easy and hassle-free documentation, extending your home to accommodate a growing family and convenient repayments through monthly instalments. The loan term can be up to 20 years, and the maximum loan amount is between 75% and 90% of the construction estimate.

Home Extension Loans provide funds to expand living space, increasing property value. They often come with flexible repayment options and help you enhance your home’s comfort and functionality. It is a cost-effective solution for growing families. 

To apply for an HDFC Bank Home Extension Loan, visit their official website, select the ‘Home Extension Loan’ option under the ‘Home Loans’ tab, and click on the ‘Apply Online’ button to get started.

KYC Documents

  • PAN Card or Form 60 (if no PAN Card)
  • Passport (validity not expired)
  • Driving License (validity not expired)
  • Election/Voter’s ID
  • Job Card (NREGA)
  • Letter from National Population Register
  • Aadhaar Number (voluntary)

Income Proof

  • Last 3 months' Salary Slips 
  • Last 6 months' Bank Statements (salary credits) 
  • Latest Form-16 and IT Returns 
  • Income Tax Returns (last 2 Assessment Years, attested by CA) 
  • Last 2 years’ Balance Sheet and Profit & Loss A/c Statements (attested by CA) 
  • Latest Form 26 AS

Property & Other Documents

  • Title Deed of the Plot 
  • Proof of no encumbrances 

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

How does a co-applicant benefit?

Higher loan eligibility with an earning co-applicant.

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

Maximum Funding

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

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

Frequently Asked Questions

Yes, you can apply for a Home extension Loan. Your eligibility for an extension depends on factors such as:

  • Your income

  • Your repayment capacity 

  • The age of the property.

The maximum loan amount for a Home Extension Loan with HDFC Bank is between 75% and 90% of the construction estimate, depending on the approximate construction cost.

The maximum tenure for a Home Extension Loan with HDFC Bank is 20 years. However, the actual term may vary based on your profile, age at loan maturity, and the age of the property.

It is a loan to extend or add living space to your home, such as additional rooms, floors, etc.

Any person who wishes to add space to their existing Apartment/Floor/Row house can avail a Home Extension Loan from HDFC Bank. Existing home loan customers can also avail a Home Extension Loan.

You can avail yourself of a Home Extension Loan for a maximum term of 20 years or till your age of retirement, whichever is lower.

Interest rates applicable to home extension loans do not differ from those of Home Loans.

Yes. You are eligible for tax benefits on your home extension loan's principal and interest components under the Income Tax Act of 1961. As the benefits could vary yearly, please check with our Loan Counsellor about the tax benefits you could receive on your loan.

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

HDFC Bank will disburse your Home Extension Loan in instalments based on the progress of construction/renovation as assessed by HDFC Bank.

You can find a checklist regarding the documents required and applicable fees & charges here.

Upgrade your home without any financial burden!

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