Updated: 14-06-2022 07:22:32 AM
HDFC Loan Against Property Highlights 2022 | |
Interest Rate | 8.25%-11.20% p.a. |
Loan Amount | For Existing Customers: Up to 60% of property value For New Customers: Up to 50% of property value |
Tenure | Up to 15 years |
Processing Fee | Up to 1.50% of loan amount or Rs 4,500, whichever is higher |
Table of Contents
HDFC Loan Against Property Interest Rates
Standard Interest Rates (Floating)
For Salaried/Self-employed Professionals/Self-employed Non-Professionals
Loan Slab | Interest Rates (p.a.) |
Self occupied residential property (up to Rs 49.99 lakh | 8.40%-8.90% |
Self occupied residential property (Rs 50 lakh and above) | 8.25%-9.25% |
Non-self occupied residential property (up to Rs 49.99 lakh | 8.75%-10.20% |
Non-self occupied residential property (Rs 50 lakh and above) | 8.60%-10.05% |
Commercial property (up to Rs 49.99 lakh) | 8.75%-11.20% |
Commercial property (Rs 50 lakh and above) | 8.60%-11.05% |
Compare LAP Interest Rates of HDFC vs Other Lenders
Name of the Lender | Interest Rate (% p.a.) |
State Bank of India | 9.30-9.70 |
Bank of Baroda | 9.15-14.80 |
PNB Housing Finance | 7.99-11.00 |
IDFC First Bank | 7.40-14.90 |
HDFC | 8.25-11.20 |
L&T Housing Finance | 10.30-10.90 |
LIC Housing Finance | 8.35-11.10 |
Godrej Housing Finance | 8.75-10.99 |
ICICI Bank | 9.75-10.90 |
Tata Capital | 10.10 onwards |
Bajaj Housing Finance | 7.00-18.00 |
Axis Bank | 8.90-9.10 |
Kotak Mahindra Bank | 9.50-11.70 |

Apply for Loan Against Property at Low Rates Click Here
HDFC Loan Against Property Fees and Charges
Processing Charges | 1.50% of loan amount or Rs 4,500, whichever is higher |
Prepayment charges | NIL |
Dishonour charges | Up to Rs 300 |
Documents list | Up to Rs 500 |
Disbursement cheque cancellation charge | Up to RS 500 |
PDC swap | Up to Rs 500 |
Documents photo copy | Up to Rs 500 |
Loan re-appraisal after 6 months of sanction | Up to Rs 2000 |
Eligibility Criteria for HDFC Loan Against Property
- Age: 21-65 years
- Nationality: Indian residents
- Profession: Salaried/Self-Employed Professionals (doctors, lawyers, CAs, architect, consultant, engineer, CS, etc.)/Self-Employed Non-Professionals (Commission agent, trader, contractor, etc.)
Documents Required for HDFC Loan Against Property
For Salaried
- ID/Residence Proof: PAN card, Aadhaar card, passport, voter ID, driving license
- Income Proof: Salary slips for last 3 months, salary account statement for last 6 months, Form 16/ITR
- Property Documents: Approved plan, no encumbrance proof, title deeds including previous property documents
- Other Documents: Employment contract/appointment letter, last 6 months’ bank account statement showing loan repayment history, processing fee cheque, own contribution proof, documents and declaration stating the end use of loan
For Self-Employed
- ID/Residence Proof: Aadhaar card, voter ID, driving license, PAN card
- Passport size photographs
- Income Proof: ITR for last 3 years along with income computation, balance sheet and profit and loss account statements for last 3 years with schedules/annexures, savings account statement and current account statement of business entity for past 6 months
- Property Documents: No encumbrance proof, approved plan, title deeds including previous property documents
- Business profile
- Form 26AS
- Memorandum and Article of Association
- List of shareholders and directors with the individual shareholding certified the CA/CS
- If the business entity is a partnership firm, partnership deed is required
- Details of current ongoing loans of the business entity and individuals
- Declaration and documents mentioning the end use of loan
- Processing fee cheque
- Own contribution proof