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HDB Finance Loan Against Property
HDB Finance Loan Against Property
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HDB Finance Loan Against Property
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HDB Finance Loan Against PropertyHere are a few factors
| Location | 40Km from Branch |
| CIBIL Score | 650+ |
| Applicant | Any Salaried or Self Employed |
| Applicant Age | 21 Year to 65 Year |
| Loan Amount & Tenure | 20
Lac- 7.50 Cr ( 3 Year to 15 Year) |
| Login Fees | 6500 |
| Rate of Interest & Type | (i)
Residential Property: 9.50%-11% (ii) Commercial Property-10% -11.50% . (iii) Industrial Property-10.50% to 12% (iv) Other Special Property-11% to 13% (All reducing) |
| TAT | 7 days |
| Processing Fees | 1% to 2% of loan amount |
| Foreclosure Charges | Upto 4% |
| Insurance | 1% to 4% |
| Minimum Business Vintage | 1 Year |
| Lock In Period | 12 month |
| Part Payment Allowed | No |
| LTV | (i)
Residential-70% (ii) Commercial-65% (iii) Industrial with Light Machinery-55%
(iv) If Commercial Purchase/Rented-then LTV will be 10% lower |
| Product | (i)
Fresh Loan (ii) BT+Topup (iii) Lease Rental Discounting (iv) Seller BT (v)
Auction Property (vi) Commercial or Industrial Purchase |
| Program | (i)
Banking Program-5 Cr (ii) Income Program-15 Cr (iii)Low LTV-7.50 Cr (50% LTV) (iv) LIP Program-8 Cr (v) RTR Program-5 Cr (18 Month Track -1.10 Multiplier) (vi) GST Surrogate-5 Cr |
| FOIR | 100% of Cash Profit |
| Cautious Profile | (i)Share Traders |
| Negative Profile | (i) Builders (ii) Real Estate (iii) Person living in dominated area (iv) Police(v) Advocate |
| Funded Property | (i)
Residential Property (ii) Commercial Property (iii) Industrial Property (iv)
Restaurant & Banquet Hall (v)Godown & Warehouse (vi) PG Property & Multi Tanented Unit (vii) Lal Dora (viii) Regularized Colony (ix) Gram Panchayat Property (x) Sub-Divided Property (xi) Stone Slab Property (xii) Legal & Technical not Clear (xiii) Nursing Home upto 25 bed (xiv) Subject to Registry Property |
| Negative Property | (i)
Lease hold Property without PTM (ii) Stand Alone Basement (iii) Hospital (iv)
School (v) Plot (vi) Industrial Property with Heavy Machine (vii) Single Sale Deed Property (viii) GPA Property (ix) Auction Property (x) Big Farm House (xi) Hotels |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | (i) Lal Dora-1 Cr (ii) Extended Lal Dora-1 Cr (iii) Stone Slab Propetry-50 Lac (iv) Legal Not Clear-25 Lac (v) Technical Not Clear-50 Lac |
| Any Specific Product for Professionals | No |
| USP | Upto 8 Cr Funding on Cash Income |
| Additional | (i) Industrial Purchase Case not doing (ii) Small Farm house doing |
HDB Finance Loan Against Property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 9 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,745 |
| Total Interest | ₹ 4,942 |
| Loan Amount + Interest | ₹ 104,942 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,165 | ₹ 2,070 | ₹ 26,235 | ₹ 75,835 | 24.16 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,832 | ₹ 2,873 | ₹ 78,705 | ₹ 3 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Required Documents to Apply for HDB Finance Loan Against Property
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
About HDB Finance Loan Against Property
Welcome to a financially empowered future where your house is more than simply a place to live. Your key to releasing your property's latent value and turning it into a catalyst for your aspirations is an HDB Finance Loan Against Property. HDB Finance is here to give you a smooth and customized solution that fits your specific financial expectations, with a dedication to your objectives and an extensive history of trust.
HDB Finance's Loan Against Property equips you with the means to achieve your goals, whether they include starting a new business, expanding an existing one, paying for further education, consolidating debts, or undertaking a new project.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
With a loan against property, whether commercial or residential, you may borrow money based on the value of the property you own.
The money borrowed through a loan against property may be utilized for a number of things, such as paying for debt consolidation, company development, educational fees, and other costs.
The value of the asset being used as collateral and the applicant's ability to repay the loan is often used to decide on the loan amount.
Businesses and residential properties may often be used as collateral for loans against property. However, the exact requirements for eligibility might change based on the lending institution.
Compared to other forms of loans, loans Against Property often have longer payback terms, frequently between 5 and 20 years.
The lender's policy, the loan size, the term, and the credit history of the applicant are some examples of the variables that may affect LAP interest rates.
Property-related paperwork, income documentation, identification documentation, address documentation, and bank statements are often requested documents.
Your chances of getting a loan approved might increase with a strong credit score, which can also affect the interest rate that is provided.
Depending on the lender's procedures and the thoroughness of your application, processing times might take a few days.
Prepayment and foreclosure fees are the costs involved with paying back the loan balance before the term is over.
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