Loan Against Property

Loan Against Property can get you a higher loan amount for your business or personal needs with the benefit of lower EMI. With easy documentation, speedy approvals and flexible repayment options, getting a loan couldn't get easier

Apply now for an HDFC Bank Loan Against Property.

Features

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Benefits

  • Higher Loan amount with Lower EMI.
  • Funds can be used for business as well as personal needs.
  • Flexible repayment - Option to choose between Dropline Overdraft Facility or EMI based loan.
  • Specially designed programs for the Self Employed.

Documents Required

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Status of Loan Application

Click here to view the status of your Loan Against Property application.

 

Contact Us

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Contact Number
Ahmedabad
6160 6161

Why take a Loan Against Property from HDFC Bank?

Whatever be your need we have a loan for you. Over the years we have won the trust of our customers and have become market leader in loan products.

Enjoy triple benefits when you take a Loan Against Property from HDFC Bank:

  • Faster loan - Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service.
  • Competitive pricing – Our loan rates and charges are very attractive
  • Transparency – No hidden charges and clear communication on loan process Update about the status of loan application at each stage

Features and Benefits of Loan Against Property

With HDFC Bank's Loan Against Property, you don't need to look for any other funding options. Whether it’s generating funds for your business without reducing capital, planning a wedding or sending your children for education abroad. HDFC Bank's Loan Against Property helps you meet all your financial needs.

  • Interest rates: What could be better than getting a loan at competitive rates? Apply for HDFC Bank’s Loan Against Property NOW!
  • Property Type: Don't be worried about the type of your property. We accept both – residential and commercial*
  • Flexible product offerings: Pick from an EMI based loan or an Overdraft facility, suited to your needs.
  • Easy repayments: With longer repayment tenure & competitive interest rates, EMI is certainly lower compared to other funding options.
  • Loan for the self employed: We offer customized loan options for self-employed individuals.

*Conditions Applied

What are the eligibility criteria to avail Loan against Property?

If you have decided to expand your business or fund your personal requirements through a Loan against Property, we advise you to first check eligibility criteria according to your employment status. If you are a salaried individual, you will require the following documents:

  • Your Proof of Residence - A ration Card / Telephone Bill / Electricity Bill / Voters Card will do.
  • Your Proof of Identity - A Voter's Card / Driver's License / Employer's Card will do.
  • Your latest Bank Statement / Passbook from where you can show a salary / income being credited from the past 6 months.
  • Your Salary Slip from the last 6 months with all deductions shown. A Form 16 from the last 2 years will also be required.
  • Copies of all Property Documents of the concerned property that you chose to pledge for the loan.

If you are a self employed professional/individual, you will require the following documents:

  • Certified Financial Statement for the last 3 years.
  • Your Proof of Residence - A ration Card / Telephone Bill / Electricity Bill / Voters Card will do.
  • Your Proof of Identity - A Voter's Card / Driver's License / Employer's Card will do.
  • Your latest Bank Statement / Passbook from where you can show a salary / income being credited from the past 6 months.
  • Copies of all Property Documents of the concerned property that you chose to pledge for the loan.

Loan Against Property Interest Rates & Charges

Enclosed below are HDFC Bank Loan Against Property Interest Rates & Charges

ChargesLoan Against Property / Loan for Commercial PropertyLoan Against Rent ReceivablesDropline Overdraft Against Property / Commercial OD against Property
Rack Interest Rate Range Base rate + 2%
to
Base rate + 3.5%
Base rate + 2%
to
Base rate + 3.5%
Base rate + 2.75%
to
Base rate + 4%
12.00% to 13.50% 12.00% to 13.50% 12.75% to 14.00%
Loan Processing Charges* Maximum of  1% of loan amount Maximum of  1% of loan amount Maximum of  1% of loan amount
( * Minimum PF of Rs.7500/- )      
Pre-payment charges  - For Floating rate term loans availed by individual borrowers - NIL**

- For Fixed rate term loans and Non Individual borrowers :

Post 6 months from the disbursement of Loan/Facility and upto 60 months -Maximum of 2.5% of the Principal Outstanding,

>60 months after the disbursement of the Loan/Facility – NIL

(*Prepayment cannot be made until 6 months of repayment. ** This is NOT applicable for Floating rate Term loans availed by Individual borrowers)

- For Floating rate term loans availed by individual borrowers - NIL**

- For Fixed rate term loans and Non Individual borrowers :

Post 6 months from the disbursement of Loan/Facility and upto 60 months -Maximum of 2.5% of the Principal Outstanding,

>60 months after the disbursement of the Loan/Facility –NIL

(*Prepayment cannot be made until 6 months of repayment ** This is NOT applicable for Floating rate Term loans availed by Individual borrowers)
Maximum of 4% of the operating limit prevailing at the time of prepayment within 12 months of the date of disbursement.

Post 12 months maximum of 2% of the operating limit prevailing at the time of prepayment .

(* prepayment cannot be made 6 months from disbursement)
Part prepayment charges for Loans - For Floating rate term loans availed by individual borrowers - NIL**

- For Fixed rate term loans and Non Individual borrowers -
No pre-payment charge upto a maximum of 25% of your outstanding loan, once every financial year.

Part pre-payment cannot be made until six months of repayment. ** This is NOT applicable for Floating rate Term loans availed by Individual borrowers)
- For Floating rate term loans availed by individual borrowers - NIL**

- For Fixed rate term loans and Non Individual borrowers -
No pre-payment charge upto a maximum of 25% of your outstanding loan, once every financial year.

Part pre-payment cannot be made until six months of repayment. ** This is NOT applicable for Floating rate Term loans availed by Individual borrowers)
NA
Charges for late payment of EMI 2 % per month on overdue EMI amount 2 % per month on overdue EMI amount NA
Interest Charged on Over utilized amount for Drop Line Overdraft NA NA 18% per annum on the amount utilized above the available credit limit
Stamp Duty & other statutory charges  As per applicable laws of the state As per applicable laws of the state As per applicable laws of the state
Bounce Cheque Charges  Rs 450/-  Rs 450/-  Rs 450/-
Legal/Repossession & Incidental charges  At actuals At actuals At actuals
Account Maintainance Charges NA NIL From 10 lacs of Limit to 50 lacs of Limit -Maximum upto Rs 3000/- Above 50 lacs of Limit Maximum upto Rs 5000/-
Commitment charges for overdraft accounts (*Minimum charges Rs 5000/-) NA NA If average quarterly utilization > 30% No commitment fee charges to be charged. If average quarterly utilization < 30% Charges upto 0.10% will be charged on the difference between the actual utilization and expected average utilization of 30%. Charges to be levied quarterly.

Note:The above charges are exclusive of taxes and statutory levies as applicable from time to time. The above charges are the maximum charges applicable for each type of charge.

The Bank reserves the right to vary any of the above charges from time to time with due intimation to the customer. Revised Charges will be communicated to the customer through Banks website and/or by any other acceptable mode of communication.

Already have a Loan Against Property?

Did you know?

  • You may contact our Retail Asset Customer Service Centre for any queries related to your Loan Against Property
  • A visit to the nearest HDFC Bank branch will acquaint you with our latest offers
  • If you are self-employed, you can get exclusive schemes and offers.

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