| 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 | 10.00-11.30 | Apply Now |
| Bank of Baroda | 10.85-18.60 | 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 | 10.40-12.75 | Apply Now |
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HDFC Bank Loan Against Property Fees and Charges
| Processing Charges | Up to 1% of loan amount (minimum Rs 7,500) |
| Prepayment charges |
|
| 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 |
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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
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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.