| HDFC Bank Loan Against Property Highlights | |
| Interest Rate | 9.50% – 11.00% 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) |
Table of Contents
HDFC Bank Loan Against Property Interest Rates
Floating Interest Rate
| Minimum Interest Rate | 9.50% p.a. |
| Maximum Interest Rate | 11.00% 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 | 9.75-11.05 | 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 |
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HDFC Bank Loan Against Property Fees and Charges
| Processing Charges | Up to 1% of the loan amount (minimum Rs 7,500) |
| Prepayment charges |
|
| 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 |
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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
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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 9.50% to 11% 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.