HDFC Bank offers Loan Against Property at a competitive interest rate @9.50% p.a. onwards. Leverage up to 65% of your property’s value and enjoy up to 15 years of easy repayment.
HDFC Loan Against Property Highlights
| Category | Highlights |
|---|---|
| Interest Rate | 9.50% p.a. – 13.30% p.a. |
| Tenure | 15 Years |
| Maximum Loan Amount | Up to 65% of the Property Value |
| Processing Fees | 1% of the Loan Amount |
HDFC Loan Against Property Interest Rates 2025
HDFC Bank sets Loan Against Property interest rates to remain competitive while accommodating a broad range of borrower profiles. The bank periodically reviews these rates to ensure affordability and alignment with market conditions.
| Category | Interest Rates |
|---|---|
| Floating Rates | 9.50% p.a. – 11.00% p.a. |
| Fixed Rates | 11.80% p.a. – 13.30% p.a. |
Suggested Read: Compare Loan Against Property Interest Rates with Top Banks
HDFC Loan Against Property Eligibility Criteria
Securing a Loan Against Property from HDFC requires meeting specific eligibility criteria designed to assess the borrower’s financial stability and repayment capacity.
| Criteria | Requirement |
|---|---|
| Age | 18 – 70 years |
| Employment | Salaried/ Self Employed |
| Nationality | Indian Resident |
Suggested Read: Loan Against Property vs. Education Loan
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HDFC Loan Against Property Processing Fees
Applying for a Loan Against Property with HDFC involves certain processing fees that borrowers should be aware of. These fees cover the administrative costs associated with evaluating and managing the loan application.
| Category | Processing Fees |
|---|---|
| Minimum | ₹7,500 |
| Maximum | 1% of the Loan Amount |
Suggested Read: How to Reduce Processing Fees?
HDFC Loan Against Property Other Fees and Charges
Beyond processing fees, obtaining a Loan Against Property from HDFC may entail additional charges that borrowers need to consider.
| Category | Fees and Charges |
|---|---|
| Conversion of Interest Rates (Floating – Fixed Rates) | Up to ₹3,000 |
| Part Prepayment (Up to 25% of Principal Outstanding Once a Year) | No charges |
| Part Prepayment (Above 25% of Principal Outstanding) | 2.5% + GST on the amount exceeding 25% of the outstanding principal. |
| Prepayment Floating Rate Term Loans | Nil charges for individual borrowers (non-business use). Nil charges for Micro & Small Enterprises. |
| Foreclosure Charges | 2.5% of Principal Outstanding After 60 months from loan disbursement: Nil charges. |
| Penal Interest | 18% p.a. + applicable taxes on overdue installment amount |
| Conversion charges for Change in Reference rate (for existing customers) | NA |
| Annual Maintenance Charge (AMC) | NA |
| Stamp Duty & other statutory charges | As per applicable laws of the state |
| Payment Return Charges | ₹450 |
| Amortization Schedule Charges | ₹50 |
| Repayment mode change charges | ₹500 |
| Legal/Repossession & Incidental charges | At Actuals |
| Custody charges | ₹1,000 per month beyond 60 days from the date of closure of all loans/facilities linked to the collateral. |
| Revision in spread | 0.1% of Principal Outstanding OR ₹3,000 whichever is higher Per proposal |
| Charges for Non Adherence of ESCROW Account of Sanction Terms | 2.00% p.a. on outstanding principal |
| Charges for Non-Compliance of Sanction Terms | 2.00% p.a. + taxes |
| CERSAI Charges | ₹100 |
| Document Retrieval charges post Disbursement | ₹75 per document |
Suggested Read: How to Apply for Loan Against Property?
HDFC Loan Against Property: Documents Required
Submitting a Loan Against Property application with HDFC necessitates the provision of specific documents to verify the borrower’s identity, property details, and financial standing. Here’s a list of documents required:
For Salaried Individuals
| Document Type | Examples/Requirements |
|---|---|
| Proof of Residence | Ration Card, Telephone Bill, Electricity Bill, Voter’s ID Card |
| Proof of Identity | Voter’s ID Card, Employer’s Card |
| Bank Statement/Passbook | Latest Bank Statement/Passbook showing salary/income credited for the previous 6 months |
| Salary Slip | Salary slips for the previous 6 months (showing deductions) |
| Form 16 | For the previous 2 years |
| Property Documents | Copies of all documents for the property to be pledged |
For Self-Employed Professionals/Individuals
| Document Type | Examples/Requirements |
|---|---|
| Financial Statements | Certified Financial Statements for the previous 3 years |
| Proof of Residence | Ration Card, Telephone Bill, Electricity Bill, Voter’s ID Card |
| Proof of Identity | Voter’s ID Card, Employer’s Card |
| Bank Statement/Passbook | Latest Bank Statement/Passbook showing salary/income credited for the previous 6 months |
| Property Documents | Copies of all documents for the property to be pledged |
Additional Documents for LARR
| Document Type | Examples/Requirements |
|---|---|
| Leave and License Agreement Copy | Copy of the leave and license agreement |
| Bank Statement (12 months) | 12 months of bank statements showing credited rentals |
Suggested Read: Loan Against Property Without Income Proof
HDFC Loan Against Property Minimum and Maximum Amount
HDFC offers flexible Loan Against Property options catering to a wide range of financial needs by setting minimum and maximum loan amounts.
| Type of Property | Loan Amount |
|---|---|
| Loan Against Commercial Property | 50% of the value of the property |
| Loan Against Residential Property | 65% of the value of the property |
Conclusion
HDFC Bank’s Loan Against Property presents a viable solution for individuals looking to tap into their real estate assets without losing ownership. At Credit Dharma, we make this possible by offering lowest guaranteed Loan Against Property interest rates that keep your monthly payments manageable, allowing you to enjoy more of what truly matters.
But that is not it. We offer:
- Guaranteed up to 100% funding
- Receive lifetime assistance and expert guidance long after your loan is approved.
- Enjoy a fully digital process with minimal paperwork
- Get your loan approved within just 1-2 weeks.
Frequently Asked Questions
A Loan Against Property is a secured loan where borrowers pledge their residential or commercial property as collateral to obtain funds.
HDFC typically offers up to 65% of the property’s market value, depending on various factors like property type and borrower’s credit profile.
The repayment period can extend from 5 to 15 years, allowing flexibility based on the borrower’s financial situation.
The approval process typically takes 7-10 working days, subject to timely submission of all required documents.
Yes, HDFC allows prepayment of the loan, subject to applicable prepayment charges as per the loan agreement.
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