HDFC

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating Rate of Interest : 9.60 % to 11.60 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 years to 15 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee 1%  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about HDFC

HDFC  bank limited is an Indian banking and financial services company. It’s headquartered in Mumbai, Maharashtra. It has 84,325 employees and has a presence in Bahrain, Hong Kong and Dubai. In 1994 HDFC Bank was Incorporated, with its registered office in Mumbai, India. HDFC Bank is India’s largest private sector lender by assets. It was ranked 69th in 2016 BrandZ Top Most Valuable Global Brands.HDFC Bank provides a number of products and services which includes Wholesale banking, Retail banking.

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 15 years

Rate of Interest and Other Charges for Loan Against Property are following

Rate of Interest:

Sno.

Loan Slab

Rate of Interest

1

Residential Properties

9.60 to 11.60

2

Commercial Properties

10.10 to 11.60

Existing Loan take over or New Loan

Here are some points that shows why you should choose HDFC for Loan Against Property

  • HDFC Provides High Loan Amounts
  • HDFC Fulfil Your Every Need
  • Get Easy Repayment Options
  • Transparent Processing
  • Quick and Efficient Servicing
  • Benefits for the Self Employed
  • Easy Debt Consolidation

Features of Loan

Benefits and Features of HDFC bank Loan against property:

  • Higher loan amount
  • Flexible repayment facility
  • Lower EMI
  • Longer tenure period
  • Multi-purpose loan facility
  • Loan against both residential and commercial property
  • Speedy loan approval
  • Loan can be applied online
  • Specially designed loan for self-employed individuals

Documents required for HDFC Loan against Property

The following documents are required for HDFC Loan against property:

For Salaried Individuals:

  • Proof of Residence(any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voter’s ID Card
  • Proof Of Identity(any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver’s License
  3. employer’s Card
  • Bank Statement / Passbook of last 6 months
  • Salary slip of last 6 months.
  • Form 16 for previous 2 years.
  • Legal documents of the concerned property.

For Self-employed individuals

  • Certified financial statement of last 3 years.
  • Proof of Residence (any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voters Card
  • Proof of Identity (any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver License
  3. Employer’s Card
  • Latest Bank Statement or Passbook
  • Copies of all property documents which you want to use as collateral.