HDFC Bank Loan Against Property

HDFC Bank Loan Against Property Highlights
Interest Rate	8.55% – 13.00% p.a. (floating) 11.80%-13.30% p.a. (fixed)
Loan Amount	Up to 65% of property value
Tenure	Up to 15 years
Processing Fee	Up to 1% of loan amount (minimum Rs 7,500)

HDFC Bank Loan Against Property Interest Rates

Floating Interest Rate

Minimum Interest Rate	8.55% p.a.
Maximum Interest Rate	13.00% p.a.

Fixed Interest Rate

Minimum Interest Rate	11.80% p.a.
Maximum Interest Rate	13.30% p.a.

HDFC Bank has not disclosed differential interest rates based on the credit score, occupation profile, etc. of its application. However, many lenders consider these factors while setting their Loan Against Property interest rates.

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender	Interest Rate (% p.a.)
State Bank of India	9.20-10.50	Apply Now
Bank of Baroda	10.85-18.35	Apply Now
PNB Housing Finance	9.25-15.00	Apply Now
IDFC First Bank	9.00-16.50	Apply Now
HDFC Bank Limited	9.50-11.00	Apply Now
L&T Housing Finance	9.50 onwards	Apply Now
LIC Housing Finance	9.50-11.55	Apply Now
Godrej Housing Finance	9.75 onwards	Apply Now
ICICI Bank	10.85-12.50	Apply Now
Tata Capital	9.00 onwards	Apply Now
Axis Bank	10.50-10.95	Apply Now
Punjab National Bank	10.15-14.00	Apply Now

HDFC Bank Loan Against Property Fees and Charges

Processing Charges	Up to 1% of the loan amount (minimum Rs 7,500)
Prepayment charges	NIL, if the prepaid amount does not exceed 25% of the principal amount 2.5%, if the prepaid amount exceeds 25% of the principal amount Nil charges for floating rate term loan availed by Individual borrowers for end use other than business purpose
Legal/Repossession & Incidental charges	At actuals
Delayed Instalment payment Charge	18% p.a. plus applicable taxes on overdue installment amount
Document Retrieval charges post Disbursement	Rs 75 per document set (Post disbursement)
Property Swapping or Partial property Release	0.1% of the loan amount (Minimum – Rs 10,000; Maximum Rs 25,000 per property)
Charges for conversion of interest rate from floating to fixed (for borrowers who have availed EMI based floating rate personal loans)	Up to Rs 3000
CERSAI Charges	Rs 100 for each property

Eligibility Criteria for HDFC Bank Loan Against Property

• Age: 18 to 70 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.)

HDFC Bank may also consider the credit score, monthly income, work experience, etc. while evaluating the eligibility of Loan Against Property applicants.

Documents Required for HDFC Bank Loan Against Property

Below mentioned is the list of  Loan Against Property documents required for availing HDFC Bank LAP:

For Salaried Individuals

• ID Proof (any one): Voter’s ID Card, Employer’s Card
• Residence Proof (any one): Ration Card, Electricity Bill, Telephone Bill, Voter’s ID Card
• Income Proof: Salary slip for last 6 months showing all deductions & Form 16 for the previous 2 years
• Copies of all the property documents of the property to be pledged for the loan
• Latest Bank Statement or Passbook from where an applicant can show a salary or income being credited for the last 6 months

For Self-Employed Professionals

• ID Proof (any one): Voter’s ID Card, Employer’s Card
• Residence Proof (any one): Ration Card, Electricity Bill, Telephone Bill, Voter’s ID Card
• Financial Statement for the last 3 years (certified)
• Latest bank statement or passbook from where an applicant can show a salary or income being credited for the last 6 months
• Copies of all the property documents of the property to be pledged for the loan

Additional documents for Loan Against Rent Receivables

• Leave and License agreement copy
• Bank statement of last 12 months in which rentals are credited

FAQs on HDFC Bank Loan Against Property

What is the current Loan Against Property interest rate offered by HDFC Bank?
Ans. The floating interest rates of HDFC Bank loan against property range between 9.05% to 13.50% p.a. The fixed interest rates of HDFC Bank Loan Against Property range between 11.80% to 13.30% p.a.

What is the maximum loan amount I can avail for HDFC Bank Loan Against Property?
Ans. HDFC Bank offers Loan Against Property for loan amount of up to 65% of the property value. However, it has not mentioned the exact loan amount it offers to its loan against property applicants.

What is the maximum term for which I can avail a HDFC Bank Loan Against Property?
Ans. HDFC Bank offers Loan Against Property for tenures of up to 15 years. You can also avail Loan Against Rent Receivables from HDFC Bank for tenures of up to 9 years.

How to apply for HDFC Loan Against Property?
Ans. You can apply for HDFC Bank Loan Against Property either directly through the official website of HDFC Bank or by visiting HDFC Bank branches. You can also visit Paisabazaar.com to apply for HDFC Bank LAP.