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HDFC Bank Loan Against Property
HDFC Bank’s loans against property are offered at attractive interest rates. You can easily borrow against rental or commercial property and choose between a drop-line overdraft loan or an EMI-based term loan.
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HDFC Bank Loan Against Property
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HDFC Bank Loan Against PropertyHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 650+ |
| Applicant | Any Salaried & Self Employed |
| Applicant Age | (i)
Salaried: 21 year to 65 Year (ii) Self Employed: 21 Year to 70 Year |
| Loan Amount & Tenure | 10
Lac- 50 Cr (5 Year to 15 Year) |
| Login Fees | NiL |
| Rate of Interest & Type | 8.50%-10% (Reducing) |
| TAT | 5 days |
| Processing Fees | 0.5%-1% |
| Foreclosure Charges | (i) If MSME Registration-Nil (ii) Other-Upto 4% |
| Insurance | As per Age |
| Minimum Business Vintage | 2 Year |
| Lock In Period | 12 month |
| Part Payment Allowed | No |
| LTV | (i)
Residential-75% (ii) Commercial-70% (iii) Industrial-70% (iv) Plot-60% (v)
Hotel & Restaurent-50% (vi) if residential property is rented/vacant then LTV will be 5% lower (vii) If Commercial/Industrial Property Puchase/vacant/rented then LTV will be 5% lower (viii) Nursing Home (25 Bed+) 50% (ix) School (100+Students)-50% |
| Product | (i) Fresh Loan (ii) BT+Topup (iii) Commercial & Industrial Purchase (iv) Lease Rental Discounting (v) DOD Product |
| Program | (i)
Banking Program-7.50 Cr (ii) GST Product-3 Cr (iii) Income Program-No Limit (iv) Lease Rental Discounting-No Limit (v) Without Financial-4 Cr (vi) RTR Program-4 Cr (18 Month Track-1.25X, 24 Month Track-1.50X) |
| FOIR | (i)
Salaried:<50k-60%,50K-1 Lac-65%, >1 lac-70% (ii) Self Employed-65% of Cash Profit if Loan< 5 Cr & 75% if Loan>5 Cr |
| Cautious Profile | No Cautious Profile |
| Negative Profile | (i)
Politician (ii) Share Traders (iii) NBFC (iv) Police(v) Liquor Seller (vi)DSA
(vii) Applicant living in dominated area (viii) Real Estate (ix) GYM |
| Funded Property | (i)
Residential Property (ii) Commercial Property (iii) Industrial Property
(iv) Mall & Commercial Complex Property (v) School (vi)Hospital & Nursing Home (vii) Hotel & Restaurent (viii) Godown & warehouse (ix) Regularized Colony |
| Negative Property | (i)
Lease hold Property without PTM (ii)Stand Alone Basement (iii) Auction
Property (iv) Demolition List Property (v) Lal Dora Property (vi) PG Property (vii) Khasra & Khatauni Property (viii) Subject to Sale Deed Property (ix) GPA Property (x) Gift Deed Property (xi) Single Sale Deed Property (xii)Without MAP Property (xiii) Unapproved Freehold Property (xiv) Legal & technical not clear (xv) Stone Slab Property (xvi) Unapproved Farm House (xvii) Multi Tanented Unit (xviii) Plot |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | No |
| Any Specific Product for Professionals | Yes, Rate is low for CA & Doctors |
| USP | (i) Upto 4 Cr No financial Required (ii) In Banking Program for Loan upto 3 Cr All Credit Club* 8% |
HDFC Bank Loan Against Property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 8 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,699 |
| Total Interest | ₹ 4,386 |
| Loan Amount + Interest | ₹ 104,386 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,258 | ₹ 1,839 | ₹ 26,097 | ₹ 75,742 | 24.26 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,744 | ₹ 2,547 | ₹ 78,291 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for HDFC Bank 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
Note : HDFC Bank Loan Against Property may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
About HDFC Bank Loan Against Property
You can get a sizeable sum of money right away to meet your immediate needs without breaking your savings. HDFC offers a value that reaches up to 65% of the market value of your property. The amount being borrowed is accessible for a longer period of time and at a cheaper interest rate than other types of loans, making implementing a repayment structure easy.
This sort of quantity may be utilized indefinitely and, when used intelligently, will lead to an improvement in your quality of life. For any type of one's private, professional, or business needs and goals, such as home repairs or renovations, weddings, educational expenses for kids, international travel, medical emergencies, asset purchases, working capital requirements for businesses, expansion of business, etc., Hdfc Bank provides a loan against Property.
Customized Loans against Property options, top-of-the-line services, and a streamlined loan application procedure are all provided by Hdfc Bank. It provides competitive, alluring, and reasonable interest rates on loans secured by property or mortgage lending.
Features of HDFC Bank Loan Against Property
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High Loan Amounts
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Fulfil Your Every Need
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Easy Repayment Options
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Transparent Processing
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Quick and Efficient Servicing
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Benefits for the Self Employed
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Easy Debt Consolidation
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.
| Charges | Loan Against Property / Loan for Commercial Property | Dropline Overdraft Against Property | Loan Against Rent Receivables (LARR) |
|---|---|---|---|
| Rack Interest Rate Range | Policy Repo Rate* + 4% to 4.95%= 8.00% to 8.95% | ||
| *Policy Repo Rate- 4% | |||
| Loan Processing Charges* | Maximum of 1% of loan amount (* Minimum PF of Rs.7500/-) | ||
| Pre-Payment/ Foreclosure 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/Facility – NIL Charges | 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 . |
2.5 % of the Principal Outstand>&nb>>60 months after the disbursement of the Loan/Facility – NIL Charges |
| Floating rate term loan availed by Individual borrowers for End Use other than Business Purpose | |||
| Floating rate term loans availed by Micro & Small Enterprises and Closure from Own Source | NIL | NIL | NA |
| Floating rate term loans availed by Micro & Small Enterprises and Closure from borrowed funds | |||
| Floating Rate term loans availed by 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 Charges | 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 . |
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 Charges |
| *Prepayment cannot be made until 6 months of repayment in case of Non Individual borrowers. | |||
| Part prepayment charges for Loans | No pre-payment charge upto a maximum of 25% of outstanding loan,
once every financial year.
If the amount being prepaid is more than 25% then the charges shall be applicable on the enitre amount being prepaid and not only on the amount in excess of said 25%. No prepayment charges will be charged for prepayment post 60 months after date of last disbursement of the loan. |
NA | No pre-payment charge upto a maximum of 25% of outstanding loan,
once every financial year.
If the amount being prepaid is more than 25% then the charges shall be applicable on the enitre amount being prepaid and not only on the amount in excess of said 25%. No prepayment charges will be charged for prepayment post 60 months after date of last disbursement of the loan. |
| Part pre-payment cannot be made until six months of repayment in case of Non individual borrowers. | |||
| Charges for late payment of EMI | 2 % per month on overdue EMI amount | NA | 2 % per month on overdue EMI amount |
| Interest Charged on Over utilized amount for Drop Line Overdraft | |||
| Stamp Duty & other statutory charges | As per applicable laws of the state | ||
| Payment Return Charges | Rs 450/- | ||
| Repayment schedule charges | Rs. 50/- per instance | ||
| Rs. 500/- | |||
| Legal/Repossession & Incidental charges | At actuals | ||
| Account Maintenance Charges (AMC) | |||
| Commitment charges for overdraft accounts (*Minimum charges Rs 5000/-) | NAper annum | 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. | NA |
| Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers) | NIL | ||
| 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. 5000 whichever is higher Per proposal | ||
| Penal Interest for Non Adherence of ESCROW Account (as per sanction terms and conditions) | NIL | NIL | 2% p. a additional on existing ROI. |
| Penal Interest for not complying with submission of deferral documents | 2% Per Annum additional on existing ROI- (Charged on monthly basis)&nb>Subject to a Max of Rs 50000/- for Critical security related deferrals&nb>Max of Rs 25000/- for other deferrals | ||
| Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) Charges | Rs. 100 per customer | ||
| Property Swapping / Partial property Release | 0.1% of the loan amount.&nb>Min – Rs. 10,000/-. Max of Rs 25000/- per property | ||
| Document Retrieval charges post Disbursement | Rs. 75/- per document set. (Post disbursement) |
FREQUENTLY ASKED QUESTIONS
HDFC Bank claims to have no no hidden charges that are associated with LAP.
Yes, self-employed and salaried individuals are eligible to get a LAP from HDFC. You must keep all the documents ready with you while applying for the loan.
No collateral is required for LAP from HDFC. However, you can confirm this with the representatives of HDFC Bank.
The Interest for HDFC Bank Loan Against Property is 9 to 12% per annum depending upon the tenure and other conditions of the loan.
HDFC provides the borrower the option to get a loan of up to 65% of the market value of the property kept as a mortgage.
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