- Home
- Loan Against Property
- Housing Development Finance Corporation Loan Against Property
HDFC Ltd Loan Against Property
Apply for Loan Against Property(LAP)
Housing Development Finance Corporation LAP
Interest Rate
9.5% - 12.25%
Loan Amount
₹8L - ₹1.5Cr
EMI Per Lakh
₹2,100 - ₹2,237
Processing Fees
Pre-Payment Charges
Features and Benefits of HDFC Bank Loan Against Property
- You can get higher amounts up to 65% of the property’s market value.
- You can enjoy attractive rates of interest on your loan against property.
- Both commercial and residential properties are readily taken as collateral and you can use the funds for meeting diverse requirements.
- There are flexible and seamless options for repayment including the Dropline Overdraft or low EMI options.
- There are transparent charges and fees without any hidden costs.
- Doorstep services are provided for maximum convenience.
- Self-employed customers can avail of customized options for loans as well.
You can readily apply for HDFC Bank loan against property, taking advantage of the attractive HDFC Bank loan against property interest rate and also the seamless HDFC Bank loan against property online application procedure. You can obtain up to 65% of the property value as your loan amount for covering the cost of a family wedding, home repairs and renovations, business investments, higher education of children and so on.
HDFC Bank loan against property fees and charges
The fees and charges are the following:
- Foreclosure charges- 2.5% of the principal outstanding (less than 60 months post disbursement) or 4% of the operating limit prevailing at prepayment within 12 months from the disbursement date.
- Zero prepayment charges up to 25% of the outstanding loan amount every financial year. If the amount prepaid is more than this threshold, then charges will apply to the entire amount. Zero prepayment charges for payments made after 60 months of the disbursement date.
- Late EMI payment charges- 2% per month on the amount overdue.
- Repayment Schedule charges- Rs. 200 for each schedule.
- Cheque/EMI Bounce charges- Rs. 450 + taxes for the first return. For the second in a month, it will be Rs. 500 + taxes and for the third time, it will be Rs. 550 + taxes.
HDFC Bank loan against property interest rates
The interest rates are the following:
Rack Interest Rate Range Policy Repo Rate* + 4% – 4.95% = 8-8.95% on average.
How does HDFC Bank compare with other lenders?
The rates of interest at fellow banks are the following:
IDFC First | 8% per annum onwards |
SBI (State Bank of India) | 8.45-10% per annum |
ICICI Bank | 8.35-10% per annum |
Rates are indicative and subject to changes.
Documents Required for HDFC Bank Loan Against Property
Documents for Salaried Borrowers
- Residence Proof (Ration Card/Voter ID Card/Electricity or Telephone Bill)
- Identity Proof (Employer’s Card/Voter ID Card).
- Latest passbook/bank statement with salary income credited for the last six months.
- Salary slips for the last six months which indicate all the deductions.
- Last two years’ Form-16.
- Copies of all property documents of the property to be pledged as collateral.
Documents for self-employed Borrowers
- Last three years’ certified financial statements.
- Proof of residence (telephone bill, ration card, voter ID card, electricity bill).
- Proof of identity (Voter ID card or employer’s card).
- Latest passbook/bank statement with income being credited for the last six months.
- Copies of all property documents for the property being pledged as collateral.
HDFC Bank Loan Against Property Customer Care Number
You can contact 1800 210 0018 for more information and assistance.
Most Popular on Urban Money
Loan Against Property By Banks
- Bank of Baroda Loan Against Property
- Axis Bank Loan Against Property
- HDFC Bank Loan Against Property
- ICICI Bank Loan Against Property
- Bajaj Finserv Loan Against Property
- IndiaBulls Loan Against Property
- Canara Bank Loan Against Property
- Union Bank of India Loan Against Property
- DHFL Loan Against Property
- CITI Bank Loan Against Property
- YES Bank Loan Against Property
- Federal Bank Loan Against Property
- IndusInd Bank Loan Against Property
- State Bank of India Loan Against Property
- Hero FinCorp Loan Against Property
- Punjab National Bank Loan Against Property
- IDFC FIRST Bank Loan Against Property
- IDBI Bank Loan Against Property
- Digikredit-SME Corner Loan Against Property
- Kotak Bank Loan Against Property
- Ujjivan Small Finance Bank Loan Against Property
- Muthoot Finance Ltd Loan Against Property
- Shriram Urban Co Operative Bank Limited Loan Against Property
- Godrej Housing Finance Loan Against Property
- Tata Capital Housing Finance Limited Loan Against Property
- Vastu Housing Finance Loan Against Property
- HDFC Sales Loan Against Property
- Capital First Ltd. Loan Against Property
- Home First Finance Company Loan Against Property
- Poonawalla Fincorp Limited Loan Against Property
- Hero Housing Finance Loan Against Property
- Tata Capital Financial Services LTD Loan Against Property
- Clix Capital Loan Against Property
- Aditya Birla Finance Limited Loan Against Property
- L&T Finance Loan Against Property
- HSBC Loan Against Property
- Reliance Capital Loan Against Property
- Fullerton India Loan Against Property
- IIFL Finance Loan Against Property
- InCred Financial Services Loan Against Property
- Piramal Housing Finance Loan Against Property
- Edelweiss Financial Services Loan Against Property
- Aadhar housing Finance Loan Against Property
- DCB Bank Loan Against Property
- Punjab National Bank Housing Finance Loan Against Property
- Capri Global Loan Against Property
- RBL Bank Loan Against Property
- Arka Fincap Limited Loan Against Property
- Cholamandalam Finance Loan Against Property
- Deutsche Bank Loan Against Property
- Emirates NBD Loan Against Property
Housing Development Finance Corporation Quick Links
Bank Wise Home Loan Eligibility Calculator
- SBI Home Loan Eligibility Calculator
- HDFC Home Loan Eligibility Calculator
- Axis Bank Home Loan Eligibility Calculator
- ICICI Home Loan Eligibility Calculator
- LIC Home Loan Eligibility Calculator
- PNB Home Loan Eligibility Calculator
- Canara Bank Home Loan Eligibility Calculator
- Bank of Baroda Home Loan Eligibility Calculator
- Bank of India Home Loan Eligibility Calculator
Get your latest Credit Score, FREE
Loan Against Property Guide
Get in-depth knowledge about all things related to Loan Against Property and your finances
Debt To Income (DTI) Ratio : Calculation Formula, Types and Limitations
Better debt management is crucial to avail of the available financial opportunities. Whether you wish to secure a personal loan, business loan, home loan, or even credit card, lenders have various met
Unlock Your Property’s Value with Loan Against Property
Loan Against Property or a property loan is a financial assistance tool available with an immovable asset or real estate as collateral. This secured loan can be used for myriad reasons instrumental in
How to Get Loan Against Property Without Income Proof?
When you pledge your residential or commercial property as collateral to the lender and borrow a specific amount in return, it is known as a loan against property or LAP. Simply put, it is a loan you