HDFC Bank Loan Against Property

Form not available.

HDFC Bank Loan Against Property

Right Documents – Easy Process

Required Documents to Apply for HDFC Bank Loan Against Property

Salaried income documents

KYC of applicant & Co-Applicant
Last 3 Month Salary Slip of Applicant
Last 12 month Bank Statement of applicant & co-applicant
Last 3 year ITR with computation of income of applicant & co-applicant
Last 2 Year Form 16 of applicant
26AS of last 2 year of applicant & co-applicant
Appointment letter of applicant if available
Agreement to Sale if purchase case
Property Paper with complete chain of last 13 years
LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
Sanction letter of all running loan
Latest utility Bill if owned residence or rent agreement if rented
2 Reference with contact details

Self Employed person documents

KYC of applicant & Co-Applicant
Last 3 year ITR with computation of income of applicant & co-applicant
Last 3 year audited balance sheet of applicant
Last 3 year Tax audit report of applicant
Last 12 month Bank Statement of applicant & co-applicant
26AS of last 2 year of applicant & co-applicant
Copy of GST registration
Copy of MSME registration
Copy of Last 12 month GST return
Agreement to Sale if purchase case
Property Paper with complete chain of last 13 years
LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
Sanction letter of all running loan
Debt Sheet
Latest utility Bill of residence if owned or rent agreement if rented
Latest utility Bill of Office if owned or rent agreement if rented
2 Reference with contact details
Last 3 year Debtors & Creditors on letter head
List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
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

For Co-Applicant

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

2. If LAP is applied with Government Bank then 30 year chain is required
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.

Share & Apply

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

High Loan Amounts
Fulfil Your Every Need
Easy Repayment Options
Transparent Processing
Quick and Efficient Servicing
Benefits for the Self Employed
Easy Debt Consolidation

Work Process

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.

Listed below are HDFC Bank Loan Against Property Interest Rates & Charges

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)