HDFC Loan Against Property

Benefits and Features of HDFC Loan Against Property

You will be benefited from the following features if you apply for HDFC Loan Against Property.

High Amount of Loans

With HDFC Bank you can avail of a loan of up to 65% of the property’s market value. These high loan amounts are accompanied by flexible and long repayment tenures along with alluring interest rates.

Customised Loan

HDFC Bank accepts both commercial and residential properties as collateral. The money received through HDFC Bank’s Loan Against Property can also be used for various business or personal purposes. 

Easy Repayments

You have an option of a Dropline Overdraft Facility or can repay the loan amount in low EMIs with the help of competitive interest rates. 

Transparent Processing

All the charges are communicated at the time of loan disbursement. There are no hidden charges that you would not be aware of. 

Efficient Services

You can apply for HDFC Loan Against Property easily through quick and efficient services. HDFC Bank provides doorstep services for your convenience.

Advantages for Self Employed

HDFC Bank offers specialised and designed programmes along with customised loan options to the self-employed individuals applying for loans.

Debt Consolidation

HDFC Loan Against Property acts as a brilliant debt consolidation tool.

HDFC Loan Against Property Overview

HDFC Bank provides a loan for 65% of your property’s value so that you can finance your planned needs like children’s education, a family wedding, or home renovation. HDFC Loan Against Property interest rates are attractive and feasible so that the loan does not feel like a burden. 

You can borrow against commercial or rental property and choose from an EMI-based term loan or drop-line overdraft loan according to your convenience.

Banks and financial institutions offer a secured loan that is sanctioned based on the property pledged as collateral. HDFC Bank is one of the leading banks to offer this loan with pocket-friendly interest rates. Apply for HDFC Loan Against Property with a hassle-free application process.

Eligibility Criteria to Apply for HDFC Loan Against Property

These individuals can fulfil the HDFC Loan Against Property eligibility criteria:

• Salaried individuals working in private or government offices.
• Self-employed individuals who are engaged in various business activities. HDFC Bank offers special schemes and offers for self-employed individuals.

HDFC Loan Against Property Fees and Charges

Have a look at the table below to learn about the charges for HDFC Bank’s Loan Against Property.

Basic Charges

Foreclosure/Pre-payment Charges

HDFC Loan Against Property Interest Rates

The interest rates for Loan Against Property vary for different categories. 

Policy Repo Rate* + 4% to 4.95%= 8.00% to 8.95%

*Policy Repo Rate- 4%

Documents required for HDFC Loan Against Property

For salaried individuals

• Residence proof (a copy of any of the following)
  • Ration card
  • Telephone bill
  • Electricity bill
  • Voter’s ID Card
• Identity proof (a copy of any of the following)
  • Voter’s ID card
  • Employer’s card
• Passbook for proof of salary or income for the last 6 months/latest bank statement
• Salary slip for the preceding 6 months showing all the deductions
• Form 16 for the last 2 years
• The copies of all property documents of the property which is being pledged for the loan

For individuals/self-employed professionals

• Financial statement (certified) for the last 3 years
• Residence proof (a copy of any of the following)

– Ration card
– Telephone bill
– Electricity bill
– Voter’s ID card

• Identity proof (a copy of any of the following)
  • Voter’s ID card
  • Employer’s card
• Passbook for proof of salary or income for the last 6 months/latest bank statement
• The copies of all property documents of the property which is being pledged for the loan

How Does the EMI Calculation Work for HDFC Loan Against Property?

You can check your loan EMIs in an instant with the HDFC EMI calculator. All you need to do is to insert the value of the loan amount that you need, your desired tenure in years, and the interest rate. The results in your monthly EMIs will be displayed on your screen. Apply for HDFC Loan Against Property with flexible EMIs. 

HDFC Loan Against Property Customer Care Number

To enquire about the HDFC Loan Against Property requirements you can reach out on HDFC customer care number at 1800 202 6161/1860 267 6161 which is accessible pan India.