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HDFC Bank Loan Against Property

Loanmani- HDFC Bank

HDFC Bank offers Loan Against Property (LAP) to eligible individuals who own residential or commercial property. The loan amount can be used for various purposes such as funding business expansion, meeting working capital needs, consolidating debt, and more. HDFC Bank offers competitive interest rates, flexible repayment options, and doorstep services to make the LAP process convenient for customers. Customers can also avail of a top-up loan on their existing LAP.

9.00 %

Advertised Rate

15 Years

Available Terms

750

Credit Score

5 L - 50 L

Loan Amount

Why Choose HDFC Bank

  1. Competitive interest rates.
  2. High loan amount and flexible repayment tenure.
  3. Quick processing and disbursal of the loan amount.
  4. Top-up loan facility available.


HDFC Bank Eligibility Criteria

  1. The applicant should be a resident Indian.
  2. The age of the applicant should be between 18 to 65 years.
  3. The property should be owned by the applicant.


HDFC Bank Fees & Charges

  1. Processing fees: Up to 1.50% of the loan amount plus applicable taxes.
  2. Prepayment charges: Nil for floating rate loans, and up to 4% of the outstanding principal for fixed-rate loans.
  3. Late payment charges: 2% per month on the outstanding amount.
  4. Foreclosure charges: Up to 4% of the outstanding principal for fixed-rate loans, and nil for floating rate loans.
  5. Miscellaneous charges: Stamp duty, legal charges, etc. as applicable.


HDFC Bank Features & Benefits

  1. High loan amount: HDFC Bank offers a high loan amount of up to Rs. 20 crores.
  2. Flexible repayment tenure: The bank offers a flexible repayment tenure of up to 15 years.
  3. Quick processing: The loan application is processed quickly, and the funds are disbursed within a few days.
  4. Top-up loan: The bank also provides a top-up loan on the existing LAP, subject to eligibility criteria.


HDFC Bank Required Documents

  1. Identity proof (PAN card, Aadhaar card, passport, voter ID, etc.)
  2. Address proof (Aadhaar card, passport, driving license, utility bills, etc.)
  3. Property documents (title deed, sale deed, encumbrance certificate, etc.)
  4. Income proof (salary slips, bank statements, ITR, etc.)
  5. Photographs


FAQs on HDFC Bank Loan Against Property

1.What is a Loan Against Property?

A Loan Against Property (LAP) is a secured loan that you can avail by pledging your property as collateral with the bank. You can use the funds to meet a variety of personal or business needs.

2.What type of properties can be mortgaged for a Loan Against Property with HDFC Bank?

You can mortgage any residential, commercial or industrial property that you own to avail of a Loan Against Property from HDFC Bank.

3.What is the maximum loan amount that can be availed under HDFC Bank's Loan Against Property?

The maximum loan amount that can be availed under HDFC Bank's Loan Against Property depends on various factors such as the value of the property, the repayment capacity of the borrower, and other terms and conditions of the loan. However, the maximum loan amount can be up to 75% of the market value of the property.

4.What is the tenure of the Loan Against Property offered by HDFC Bank?

The tenure of the Loan Against Property offered by HDFC Bank can be up to 20 years, subject to the age of the

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