HDFC Bank Loan Against Property

HDFC Bank Loan Against Property Highlights
Interest Rate	9.50% – 11.00% p.a.
Loan Amount	Up to 65% of property value
Processing Fee	Up to 1% of loan amount (minimum Rs 75,000)

HDFC Bank Loan Against Property Interest Rates

Minimum Interest Rate	9.50% p.a.
Maximum Interest Rate	11.00% 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	10.60-11.30
Bank of Baroda	10.85-16.50
PNB Housing Finance	9.25-15.00
IDFC First Bank	9.00-16.50
HDFC Bank Limited	9.50-11.00
L&T Housing Finance	9.50 onwards
LIC Housing Finance	9.50-11.55
Godrej Housing Finance	9.75 onwards
ICICI Bank	10.85-12.50
Tata Capital	10.10 onwards
Bajaj Housing Finance	8.50-18.00
Axis Bank	10.50-10.95
Kotak Mahindra Bank	9.15 onwards

HDFC Bank Loan Against Property Fees and Charges

Processing Charges	Up to 1% of loan amount (minimum Rs 75,000)
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
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 Bank 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.)

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

• 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