HDFC Bank Loan Against Property

The HDFC Bank offers loans against properties that can be utilised to meet personal expenses as well as fulfil your business goals. These loans demand a property, be it residential or commercial, as collateral. One can get 60% of the property value as a loan at competitive interest rates with enormous customising options.

The process is a speedy loan approval event at low EMI payments and is thus a perfect solution not just to meet your loan term goals but also meet urgent financial requirements. These loans can be opted for by both the salaried and self-employed people.

At loanbaba.com, you can access free-to-use HDFC Bank loan against property EMI calculator, check your HDFC bank loan against property eligibility, compare loan against property interest rates in HDFC Bank. You can apply for loan against property online at our website.

Documents required for loan application – for salaried individuals

  • Residential proof like ration card or telephone bill or voter ID card or an electricity bill.
  • Identity proof like voter ID card, employer’s or driver’s licence.
  • Passbook statement of your bank account for the last six months.
  • Salary slips of the last six months.
  • Form 16 of the last two years.
  • Legal property documents.

Documents required for loan application – for self-employed individuals

  • Certified financial statement of the past three years.
  • Residential proof like ration card or telephone bill or voter ID card or an electricity bill.
  • Identity proof like voter ID card, employer’s or driver’s licence.
  • Passbook statement of your bank account for the last six months.
  • Legal property documents.

Following table shows the charges and interest rates of the loan:

Charges

Loan Against Residential or Commercial Property

Loan Against Rent Receivables

Dropline Overdraft Against Residential or Commercial Property

Rack Rate of Interest Range

Marginal Cost of Funds based Lending Rate (MCLR)

MCLR + 1.95 %  to 
MCLR + 2.45 %

MCLR + 1.70 % to 
MCLR + 2.20 %

MCLR + 2.45 to 
MCLR + 2.95 %

10.1 % to 10.6 %

9.85 % to 10.35 %

10.60 % to 11.10 %

Loan Processing Fee

Up to 1% of the loan value.

At least 1% of the loan value.

Up to  1% of loan amount

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