HDFC Bank Loan Against Property



HDFC Bank provides Loan Against Property starting at 9.50% per annum for loan amounts up to 65% of the property value and tenures of up to 15 years. This loan is available to both salaried and self-employed individuals for personal or business use.

HDFC Bank Loan Against Property Highlights
Interest Rate
  • 9.50% – 11.00% p.a. (floating)
  • 11.80%-13.30% p.a. (fixed)
Processing FeesUp to 1% of loan amount (minimum Rs 75,000)
Loan AmountUp to 65% of property value
TenureUp to 15 years

HDFC Bank Loan Against Property Interest Rates

Fixed Interest Rate

ProductInterest Rates (p.a.)
Minimum Interest Rate11.80% p.a.
Maximum Interest Rate13.30% p.a.

Floating Interest Rate

ProductInterest Rates (p.a.)
Minimum Interest Rate9.50% p.a.
Maximum Interest Rate11.00% p.a.

HDFC Bank has not disclosed differential interest rates based on factors such as credit score, occupation profile, etc., for its loan against property applications. However, it's common for many lenders to take these factors into consideration when determining interest rates for such loans.

Also read: Best Loan Against Property Interest Rate

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the LenderInterest Rate (% p.a.) 
State Bank of India10.00 - 11.30Apply Now
Axis Bank10.50 - 10.95Apply Now
Bank of Baroda10.85 - 16.50Apply Now
ICICI Bank10.85 - 12.50Apply Now
Standard Chartered BankStarts from 9.25%Apply Now
HSBC Bank9.75 - 14.00Apply Now
Union Bank of India10.45% - 13.10% p.a.Apply Now
PNB Housing Finance9.25 - 15.00Apply Now
IDFC First Bank9.00 - 16.50Apply Now
HDFC Bank Limited9.50 - 11.00Apply Now
L&T Housing Finance9.50 onwardsApply Now
LIC Housing Finance9.50 - 11.55Apply Now
Godrej Housing Finance9.75 onwardsApply Now
Indiabulls Finance9.75% p.a. onwardsApply Now
Tata Capital10.10 onwardsApply Now
Bajaj Housing Finance9.75 - 18.00Apply Now
Punjab National Bank10.40 - 12.75Apply Now

HDFC Bank Loan Against Property Fees and Charges

ParticularsCharges
Processing ChargesUp to 1% of loan amount (minimum Rs 75,000)
Loan re-appraisal after 6 months of sanctionUp to Rs 2000
Documents photo copyUp to Rs 500
PDC swapUp to Rs 500
Dishonour chargesUp to Rs 300
Documents listUp to Rs 500
Disbursement cheque cancellation chargeUp to RS 500
Prepayment charges
  • No prepayment penalty applies if the prepaid amount does not exceed 25% of the principal amount.
  • A prepayment penalty of 2.5% is applicable if the prepaid amount exceeds 25% of the principal amount.

Also read: Best Loan Against Property EMI Calculator

Eligibility Criteria for HDFC Bank Loan Against Property

HDFC Bank considers the following eligibility criteria for its Loan Against Property applicants:

  • Age: Between 21 and 65 years.
  • Nationality: Indian residents.
  • Profession: Salaried individuals, Self-Employed Professionals (such as doctors, lawyers, CAs, architects, consultants, engineers, CS, etc.), and Self-Employed Non-Professionals (including commission agents, traders, contractors, etc.).

Additionally, HDFC Bank may evaluate applicants based on factors such as credit score, monthly income, work experience, and other relevant criteria to determine eligibility for a Loan Against Property.

Also read: Best Loan Against Property Eligibility

Documents Required for HDFC Bank Loan Against Property

Below is the list of documents required for availing an HDFC Bank Loan Against Property:

For Salaried individuals:

  • ID/Residence Proof: PAN card, Aadhaar card, passport, voter ID, driving license
  • Income Proof: Salary slips for the last 3 months, salary account statement for the last 6 months, Form 16/Income Tax Return (ITR)
  • Property Documents: Approved plan, proof of no encumbrance, title deeds including previous property documents
  • Other Documents: Employment contract/appointment letter, bank account statement for the last 6 months showing loan repayment history, processing fee cheque, proof of own contribution, documents and declaration stating the end use of the loan.

For Self-Employed

  1. Processing fee cheque
  2. Own contribution proof
  3. Passport size photographs
  4. Business profile
  5. Form 26AS
  6. Memorandum and Article of Association
  7. ID/Residence Proof: Aadhaar card, voter ID, driving license, PAN card
  8. Income Proof
  9. Income Tax Returns (ITR) for the last 3 years along with income computation
  10. Balance sheet and profit and loss account statements for the last 3 years with schedules/annexures
  11. Savings account statement and current account statement of the business entity for the past 6 months
  12. Property Documents: Proof of no encumbrance, approved plan, title deeds including previous property documents
  13. List of shareholders and directors with individual shareholding certified by CA/CS
  14. If the business entity is a partnership firm, partnership deed is required
  15. Details of current ongoing loans of the business entity and individuals
  16. Declaration and documents mentioning the end use of the loan

Also Read : Best Loan Against Property Documents Required

HDFC Bank Credit Card

Frequently Asked Questions

You can apply for HDFC Bank Loan Against Property either directly through the official website of HDFC Bank, by visiting HDFC Bank branches, or by using third-party financial platforms such as Mybankingtips.com to facilitate the application process for HDFC Bank LAP.

The floating interest rates for HDFC Bank's Loan Against Property range from 9.50% to 11% per annum. The fixed interest rates for HDFC Bank's Loan Against Property range from 11.80% to 13.30% per annum.

HDFC Bank offers Loan Against Property with flexible tenures of up to 15 years. Additionally, you can avail of Loan Against Rent Receivables from HDFC Bank for tenures of up to 9 years.

HDFC Bank offers Loan Against Property with a loan amount of up to 65% of the property value. The exact loan amount provided to applicants may vary depending on factors such as the applicant's income, creditworthiness, property value, and other relevant criteria determined by the bank during the loan assessment process.