HDFC BANK - Loan Against Property
HDFC Bank Retail Asset Loans provides a Secured Loan in the form of "Loan against property" or commonly called LAP. It is a Secured Loan against the mortgage of the property where the borrower gives a guarantee by using his property as security.
|Age||23 - 65||25 - 65||23 - 70|
|Loan Amount||10 -5000 Lacs||10 -5000 Lacs||10 -2500 Lacs|
|Tenure||5 - 15 Yrs||5 - 15 Yrs||5 - 15 Yrs|
|Rate of Interest / APR [Annual Percentage Rate]||9.50% To 10%||9.50% To 10%||9.50% To 10%|
|Features||Term Loan | All Properties | Maximum Eligibility||Term Loan/Overdraft | Easy Documentation | Fastest Approval assured||4 Times of Gross Receipts taken as Income | Overdraft Facility|
|Processing Fees||0.50 % To 1%||0.50 % To 1%||0.50 % To 1%|
|Special||Drop Line Overdraft Facility to Save Interest on un utilised amount.||Up to 120% of Net Income considered.||Maximum Eligibility | Easy Documentation | Fastest Approval assured|
|Documentation||KYC [ Identity Proof| Address Proof] , Financials - 2 Years Audited , Complete Property Documents.||KYC [ Identity Proof| Address Proof] , Financials - 2 Years Audited , Complete Property Documents.||KYC [ Identity Proof| Address Proof] , Financials - 2 Years Audited , Complete Property Documents.|
- Calculated on the basis of Net Take Home salary. Max 65% is eligible and considered for Repayment capacity.
|Age(Min-Max)||21 To 65 Years||21 To 70 Years||21 To 70 Years|
|Minimum Income||Min. Rs. 30,000/ Per Month||Min. Rs. 2 Lakh||Min. Rs. 6 Lakh Receipt (ANM)|
|Co-applicant||If Required||If Required||If Required|
|Loan Tenure||5 To 15 Years||5 To 15 Years||5 To 15 Years|
|Maximum Loan Amount||Max. 50 Crore||Max. 50 Crore||Max. 50 Crore|
|Employment/Business Continuity||Min. 3 Years||Min. 2 Years||Min. 1 Years|
|CIBIL Score||Min. 600||Min. 600||Min. 600|
Documents Required for Applying for HDFC Loan Against Property by All Applicants and Co-Applicants
Documents Required for Salaried Individuals
Documents Required for Self Employed Individuals
List of Property Documents
|Fee||Amount to be Paid|
|Rate of Interest||9.50% To 10%|
|Loan Processing Charges||0.50 % To 1%|
|Cheque Bounce Charges||As per Banks Nome's & Agreements|
|Cheque/ Instrument Swap charges||As per Banks Nome's & Agreements|
|Prepayment/ Foreclosure Charges||As per Banks Nome's & Agreements|
|Default Interest Rate||As per Banks Nome's & Agreements|
|Duplicate Statement Issuance Charges||As per Banks Nome's & Agreements|
|Duplicate Amortization Schedule Charges||As per Banks Nome's & Agreements|
|Duplicate Interest Certificate||As per Banks Nome's & Agreements|
|S(Provisional/ Actual) issuance Charges||As per Banks Nome's & Agreements|
HDFC Bank is Largest Private Bank in India. Incorporated in 1994. Having the largest Customer Base and Maximum CASA account, cost of borrowing by HDFC is mimimum, there it is having internal funds to lend to customers.
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