Loan Against Property

Apply Loan Against Property in HDFC Bank

Pledge your property to meet your personal or business goals with HDFC Bank’s loans against property.

Apply for loan against property by pledging your commercial or residential property as collateral. Get up to 60% of your property’s value with loan against property. Enjoy competitive interest rates and customised options with the hassle-free processing on loans against property.

With low EMIs and speedy loan approvals, our loans against property are the ideal solution to meet your immediate financial needs.

✔ Low EMIs
✔ Speedy Loan Approvals
✔ High Loan Amounts
✔ Competitive Pricing

Loan Against Property Features

Enjoy the benefit of loans against property by getting a loan worth up to 60% of your property’s market value. Choose our dropline overdraft facility offered as a feature of loan against property or repay in low EMIs.

Our customer-friendly features of loan against property include doorstep service, along with quick and transparent processing.

We offer customisation features on loans against property for self-employed individuals.

  • High Loan Amounts
    Get a loan worth up to 60% of the market value of the property. Our high loan amounts also come with longer repayment tenures, all at attractive interest rates.
  • Fulfil Your Every Need
    Both residential and commercial properties* are accepted as >collateral, and the money from the HDFC Bank Loan Against Property can be used for a variety of personal or business needs.
    *Conditions Apply
  • Easy Repayment Options
    With competitive interest rates, you can easily repay your loan in low EMIs, or choose our Dropline Overdraft Facility.
  • Transparent Processing
    All our charges are communicated up front, at the time of the processing of the loan. No hidden charges or fees.
  • Quick and Efficient Servicing
    With our doorstep service, your HDFC Bank Loan Against Property will be processed quickly and easily.
  • Benefits for the Self Employed
    Self-employed individuals can benefit from our customised loan options and specially designed programmes.
  • Easy Debt Consolidation
    Remember, our HDFC Bank Loan Against Property is an excellent debt consolidation tool.

Loan Against Property Eligibility Criteria

The eligibility criteria for loans against property are applicable to both salaried and self-employed individuals. Read below or contact your nearest branch to know more about the complete eligibility criteria for loans against property.

The following individuals are eligible to apply for a Loan Against Property:

  • Salaried Individuals
  • Self Employed

Loan Against Property Documentation

We require minimal documents for loan against property applications, which enables speedy processing and quick disbursal of funds. Read below to know more about the documents required for loan against property.

The following documents are required along with your Loan Against Property application:

  • For Salaried Individuals:
    • A copy of any of the following as proof of residence:
      • Aadhar card
      • Ration Card
      • Telephone Bill
      • Electricity Bill
      • Voter's ID Card
    • A copy of any of the following as proof of identity:
      • Aadhar card
      • Voter's ID Card
      • Driver's License
      • Employer's Card
    • Latest Bank Statement/Passbook from where you can show a salary/income being credited for the previous 6 months
    • Salary slip for the previous 6 months showing all deductions
    • Form 16 for the previous 2 years
    • Copies of all the property documents of the concerned property to be pledged for the loan
  • For Self Employed Professionals/Individuals:
    • Certified Financial Statement for the previous 3 years
    • A copy of any of the following as proof of residence:
      • Ration Card
      • Aadhar card
      • Telephone Bill
      • Electricity Bill
      • Voter's ID Card
    • A copy of any of the following as proof of identity:
      • Voter's ID Card
      • Aadhar card
      • Driver's License
      • Employer's Card
    • Latest Bank Statement/Passbook from where you can show a salary/income being credited for the previous 6 months
    • Copies of all the property documents of the concerned property to be pledged for the loan

Loan Against Property Rates & Fees

HDFC Bank’s loan against property interest rates are competitive with respect to industry standards. Read below to know more about loan against property fees and charges as well as our interest rates for loan against property.

Enclosed below are HDFC Bank Loan Against Property Interest Rates & Charges

ChargesLoan Against Property / Loan for Commercial PropertyLoan Against Rent ReceivablesDropline Overdraft Against Property / Commercial OD against Property

Rack Interest Rate Range

* MCLR - Marginal Cost of Funds based Lending Rate

MCLR + 1.95%
to
MCLR + 2.45%
MCLR + 1.70%
to
MCLR + 2.20%
MCLR + 2.45%
to
MCLR + 2.95%
9.75% to 10.50%9.75% to 10.50%10.25% to 11.00%
Loan Processing Charges*Maximum of  1% of loan amountMaximum of  1% of loan amountMaximum of  1% of loan amount
( * Minimum PF of Rs.7500/- )   
Pre-payment charges 

For Floating rate term loans availed by individual borrowers

- NIL**

For Floating rate term loans availed by Micro & Small Enterprises

- If closed by own fund - Nil

- For take over closure - As applicable

For Fixed / Floating rate term loans and Non Individual borrowers:

- Post 6 months from the disbursement of Loan/Facility and upto 60 months -Maximum of 2.5% of the Principal Outstanding,

- >60 months after the disbursement of the Loan/Facility – NIL

For Fixed rate term loans availed by Micro & Small Enterprises

- No Charges to be levied up to loan amount of 50 lacs.

(*Prepayment cannot be made until 6 months of repayment. ** This is NOT applicable for Floating rate Term loans availed by Individual borrowers)

For Floating rate term loans availed by individual borrowers

- NIL**

For Floating rate term loans availed by Micro & Small Enterprises:

- If closed by own fund - Nil

- For take over closure - As applicable

For Fixed / Floating rate term loans and Non Individual borrowers:

- Post 6 months from the disbursement of Loan/Facility and upto 60 months -Maximum of 2.5% of the Principal Outstanding,

- >60 months after the disbursement of the Loan/Facility –NIL

For Fixed rate term loans availed by Micro & Small Enterprises

- No Charges to be levied up to loan amount of 50 lacs.

(*Prepayment cannot be made until 6 months of repayment ** This is NOT applicable for Floating rate Term loans availed by Individual borrowers)

Maximum of 4% of the operating limit prevailing at the time of prepayment within 12 months of the date of disbursement.

Post 12 months maximum of 2% of the operating limit prevailing at the time of prepayment .

(* prepayment cannot be made 6 months from disbursement)

Part prepayment charges for Loans

For Floating rate term loans availed by individual borrowers

- NIL**

For Floating rate term loans availed by Micro & Small Enterprises

- NIL**

For Fixed rate term loans and Non Individual borrowers

- No pre-payment charge upto a maximum of 25% of your outstanding loan, once every financial year.

- If the amount being prepaid is more than 25% then the charges shall be applicable on the enitre amount being prepaid and not only on the amount in excess of said 25%.

- No prepayment charges will be charged for prepayment post 60 months after date of last disbursement of the loan.

For Fixed rate term loans availed by Micro & Small Enterprises

- No Charges to be levied up to loan amount of 50 lacs.

Part pre-payment cannot be made until six months of repayment. ** This is NOT applicable for Floating rate Term loans availed by Individual borrowers)

For Floating rate term loans availed by individual borrowers

- NIL**

For Floating rate term loans availed by Micro & Small Enterprises

- NIL**

For Fixed rate term loans and Non Individual borrowers

- No pre-payment charge upto a maximum of 25% of your outstanding loan, once every financial year.

- If the amount being prepaid is more than 25% then the charges shall be applicable on the enitre amount being prepaid and not only on the amount in excess of said 25%.

- No prepayment charges will be charged for prepayment post 60 months after date of last disbursement of the loan.

For Fixed rate term loans availed by Micro & Small Enterprises

- No Charges to be levied up to loan amount of 50 lacs.

Part pre-payment cannot be made until six months of repayment. ** This is NOT applicable for Floating rate Term loans availed by Individual borrowers)

NA
Charges for late payment of EMI2 % per month on overdue EMI amount2 % per month on overdue EMI amountNA
Interest Charged on Over utilized amount for Drop Line OverdraftNANA18% per annum on the amount utilized above the available credit limit
Stamp Duty & other statutory charges As per applicable laws of the stateAs per applicable laws of the stateAs per applicable laws of the state
Bounce Cheque Charges Rs 550/- Rs 550/- Rs 550/-
Repayment schedule chargesRs. 200/- per scheduleRs. 200/- per scheduleRs. 200/- per schedule
Cheque / SI / ECS swapping chargesRs. 500/-Rs. 500/-Rs. 500/-
Legal/Repossession & Incidental charges At actualsAt actualsAt actuals
Account Maintenance ChargesNANILRs.5000/-
Commitment charges for overdraft accounts (*Minimum charges Rs 5000/-)NANAIf average quarterly utilization > 30% No commitment fee charges to be charged. If average quarterly utilization < 30% Charges upto 0.10% will be charged on the difference between the actual utilization and expected average utilization of 30%. Charges to be levied quarterly.
Charges for Switch-over from BPLR linked loans to Base rate linked loans
(for existing customers)
NilNilNil
Charges for switch over from Fixed Interest rate linked loans to Base Rate linked loans (for existing customers)NilNilNil
Property Document Retention chargesRs. 1000+Taxes per calendar month, after 2 calendar months from date of closure of all loans/facilities linked to the collateralRs. 1000+Taxes per calendar month, after 2 calendar months from date of closure of all loans/facilities linked to the collateralRs. 1000+Taxes per calendar month, after 2 calendar months from date of closure of all loans/facilities linked to the collateral
Conversion fees(to MCLR linked loans, without interest rate reduction)For principal outstanding upto 50 lacs :
Rs. 5000+ GST per Proposal

For principal outstanding above 50 lacs :
Rs. 10,000+ GST per Proposal

For principal outstanding upto 50 lacs :
Rs. 5000+ GST per Proposal

For principal outstanding above 50 lacs :
Rs. 10,000+ GST per Proposal

For principal outstanding upto 50 lacs :
Rs. 5000+ GST per Proposal

For principal outstanding above 50 lacs :
Rs. 10,000+ GST per Proposal

Revision in spread0.1% of Principal Outstanding OR Rs. 5000 whichever is higher Per proposal0.1% of Principal Outstanding OR Rs. 5000 whichever is higher Per proposal0.1% of Principal Outstanding OR Rs. 5000 whichever is higher Per proposal

Penal Interest for Non Adherence of ESCROW Account

(as per sanction terms and conditions)

2% additional on existing ROI.2% additional on existing ROI.2% additional on existing ROI.
Penal Interest for not complying with submission of deferral documents2% additional on existing ROI.2% additional on existing ROI.2% additional on existing ROI.
Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) ChargesRs. 500+ GST per customerRs. 500+ GST per customerRs. 500+ GST per customer

Rates offered to customer during the period July'17 to September'17

Bank IRRAPR
MinMaxAvgMinMaxAvg
8.40%11.50%9.23%8.40%11.50%9.26%

Note:The above charges are exclusive of taxes and statutory levies as applicable from time to time. The above charges are the maximum charges applicable for each type of charge.

The Bank reserves the right to vary any of the above charges from time to time with due intimation to the customer. Revised Charges will be communicated to the customer through Banks website and/or by any other acceptable mode of communication.

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