Fees:

A processing fee of 0.5% of the loan amount applied for i.e. Rs. 5 per Rs. 1000 of the loan applied for is payable when the application form is submitted to HDFC. This fee is in respect of costs incidental to the application.
    
For example,

On approval of the loan, a loan offer is made to you. On acceptance of the offer, you will have to pay an administrative fee of 0.5% of the loan approved. You can also pay the processing and administrative fees upfront i.e. 1% of the loan at the time of submission of the loan application itself.
   
Rate of Interest:
The current applicable fixed rate of interest in respect of the total loan approved is are as follows:
For loans upto Rs.2,00,000

For loans greater than Rs.2,00,000

Interest Rates are calculated on an annual rest basis.
  
You repay the loan in Equated Monthly Instalments (EMIs) comprising principal and interest.
   
EMI per Rs.1,00,000 (for loan upto Rs.2,00,000)

EMI per Rs.1,00,000 (for loan greater than Rs.2,00,000)

Pending final disbursement, you pay interest on the portion of the loan disbursed. This interest is called pre-EMI interest.
 
An early redemption charge of 2% of the amount being prepaid is payable on repayment of a loan ahead of schedule.
    
The interest rate on your ARHL is linked to HDFC's Retail Prime Lending Rate (RPLR). The rate of interest is revised every six months from the date of first disbursement, if there is a change in RPLR. However, the EMI on the ARHL will not change. For instance, if the interest rate increases, the interest component in EMI will increase; the principal component would reduce, resulting in an extension of the term of the loan and vice-versa when the interest rate decreases. You will be provided with an annual statement indicating the details of the interest and principal payments made during the year. The current applicable rate of interest in respect of the total loan approved is 12.00% per annum.