Apply for HDFC Bank Loan Against Property @ 9.50% Interest Rates
HDFC Bank Loan Against Property Details 2025
| Loan Amount | Up to 65% of the property’s market value |
|---|---|
| Rate of interest | 9.50% – 11.00% p.a. onwards |
| Tenure | Up to 15 Years |
| Age Limit | 18 – 70 Years |
| Processing fee | up to 1% of the loan amount + GST |
- The repayment tenure is long and flexible
- The amount provided is up to 65% of the market value of the pledged property
- Flexible repayment tenure
- Doorstep service
- No hidden charges
Note:
- HDFC Bank provides https://www.hdfcbank.com/ and the information mentioned on this page.
- HDFC Bank Important Links: https://www.hdfcbank.com/personal/useful-links/important-messages/product-features-and-policy
- HDFC Bank privacy policy: https://www.hdfcbank.com/personal/useful-links/privacy
HDFC Bank Loan Against Property Interest Rates
| Property Type | Interest Rate |
|---|---|
| Loan Against Property (LAP) | 9.50% to 11% p.a. |
| Loan for Commercial Property (LCP) | 9.50% to 11% p.a. |
| Loan Against Rent Receivables (LARR) | 9.50% to 11% p.a. |
Compare Loan Against Property Interest Rates for Top Banks
| Name of the Lender | Interest Rate (% p.a.) |
|---|---|
| HDFC Bank | 9.50% – 11.00% |
| State Bank of India | 10.10% – 11.65% |
| IDFC First Bank | 9.00% – 20.00% |
| Federal Bank | 11.15% – 14.80% |
| Home First | 12.80% – 18.50% |
| Kotak Mahindra Bank | 9.50% – 10.50% |
| PNB Housing Finance | 9.24% – 12.45% |
| Bank of Baroda | 10.85% – 16.50% |
| L&T Housing Finance | 9.60% |
| LIC Housing Finance | 9.70% – 11.55% |
| Godrej Housing Finance | 9.75% onwards |
| ICICI Bank | 10.85% – 12.50% |
| Tata Capital | 10.10% |
| Bajaj Housing Finance | 9% – 14% |
| Axis Bank | 10.50% – 10.95% |
HDFC Bank Loan Against Property Fees and Charges
| Charges | Loan Against Property |
|---|---|
| Loan Processing Charges* | Up to 1% of the loan amount (minimum Rs. 7,500) |
| Prepayment Charges | |
| Adjustable-rate loan acquired by the borrowers for utilisation in business and related management | 2.5% of the outstanding amount of the loan. Nil, if paid in above 60 months after receiving the acquired amount. |
| The adjustable-rate loan is acquired by the borrowers for personal utilisation and not for any professional or business needs | Nil |
| Adjustable-rate loan acquired by MSMEs (Micro & Small Enterprises) and is being paid from your own source | Nil |
| Adjustable-rate loan acquired by MSMEs (Micro & Small Enterprises) and is being paid from borrowed sources. | 2% of the outstanding amount of the loan. Nil, if paid in above 60 months after receiving the acquired amount. |
| Adjustable-rate loan acquired by Non Individual borrowers* | · From 6 to 60 months of the transfer of the loan amount to the account: Up to 2.5% of the outstanding loan amount. · If paid in more than 60 months after receiving the acquired amount – Nil. |
| *Prepayment cannot be made until 6 months of repayment in the case of Non Individual borrowers. | |
| In case of partly prepayment done for the acquired loan |
|
| Other Charges | |
| Late EML payment | 18% p.a. on the overdue amount |
| Stamp Duty & other statutory charges | As per applicable laws of the state |
| Payment return charges | Rs. 450 |
| Amortization schedule charges | Rs. 50 per instance (schedule can be downloaded for free from website) |
| Repayment mode change charges | Rs. 500 |
| Legal/repossession & incidental charges | At actuals |
| Property document retention charges | Rs. 1,000 for every month for the first 2 months |
| Revision in spread | 0.1% of the outstanding loan amount or Rs. 5,000 (whichever is higher) |
| Penal interest for not complying with submission of deferral documents | 2% p.m. on principal outstanding (maximum Rs. 50,000) |
| CERSAI charges | Rs. 500/ property |
| Property swapping/ partial property release | 0.1% of the loan amount (minimum Rs. 10,000 & maximum Rs. 25,000) |
| Document retrieval charges post disbursement | Rs. 75 per document set |
Features and Benefits of HDFC Loan Against Property
Some key features and benefits of opting HDFC Loan Against Property include:
Significant monetary assistance
With a value that goes up to 65% of the market value of your property, you can immediately receive a significant amount of money to fulfill your current requirements without breaking a sweat. The amount is made available at a lower interest rate as compared to other sorts of loans and for a longer tenure, making repayments a smooth process.
Meet your needs
You can place your residential or commercial land as collateral and use the money that you’ll receive for various strategic financial growth at both personal and professional levels. There is no end to the utilisation of this kind of amount that will result in your improved quality of life when used wisely.
Convenient repayment
The HDFC Loan Against Property interest rates are highly competitive with the current market trends and makes the entire process of repayment convenient with low EMIs, or Dropline Overdraft Facility.
Seamless and clear processing
You can check all kinds of charges and rates on your loan beforehand and calculate the EMIs for the entire period. With everything laid on the table at the time of processing itself and no hidden charges or surprises saved for later, you can plan the blueprint of your finances easily.
Effective assistance
HDFC offers a doorstep service of getting an expert to assist you with the loan, help you with the application process, and make the transaction quick and smooth. All of this, made available at your convenience and disposal.
Moreover, if you want to apply for a personal loan or want to open a savings account the HDFC Bank video KYC process will be helpful to verify the customer’s identity digitally.
Furthermore, there are considerable benefits for Self-employed individuals with HDFC’s specially tailored plans and deals in the programme with its easy debt consolidation tool.
Eligibility Criteria for HDFC Bank Loan Against Property
HDFC Loan Against Property eligibility is made pretty simple and straightforward. Here’s what you need to know:
- Status – Salaried/employed, or Self-employed/entrepreneur
- Age – Should be between 20 years to 60 years for salaried individuals and 25 years to 65 years for self-employed individuals.
- Monthly income – Needs to be at a minimum of Rs. 25,000.
If you meet the above eligibility criteria, you can avail of the best HDFC Bank mortgage loan interest rate offer.
HDFC Loan Against Property EMI Calculator
On understanding the amount of loan needed from your end and the rate of interest given by the Bank, you now need to settle on a repayment tenure to calculate your EMI.
EMI is derived from the input of the following information:
- Loan Amount
- Interest Rate
- Repayment Tenure
To further break down the HDFC EMI Loan Against Property at various rates and residency, you can enter the exact above-mentioned values in the Loan Against Property EMI Calculator, and get an immediate crunch value that you’ll need to pay moving forward with the loan.
The table below shows the HDFC EMI estimation at the different blends of loan amounts and a longer tenure at the most reduced rate of 9.50% – 11.00%.
Documents Required for HDFC Bank Loan Against Property
Here is a list of HDFC loan against property documents required for both categories of individuals:
Documents needed from Salaried/employed Borrower
- Address Proof, documents valid – Ration Card, Telephone Bill, Aadhar card, Electricity Bill or Voter’s ID Card
- ID Proof, documents needed – Voter’s Card, Driver’s License, Aadhaar card, PAN Card
- Bank statement/passbook record of the last six months
- Income slip of the last six months
- Form 16 from the current organisation for the previous two years.
- Valid and legal ownership documents of the Property being pledged.
Documents needed from Salaried/employed Borrower
- Address Proof, documents valid – Ration Card, Telephone Bill, Aadhar card, Electricity Bill, or Voter’s ID Card
- ID Proof, documents needed – Voter’s Card, Driver’s License, Aadhaar card, PAN Card
- Certified income statement of the last three years
- Bank statement/passbook record of the last six months
- Valid and legal ownership documents of the Property being pledged.
To get a loan against property without income proof, HDFC Bank is not possible. Hence, you must submit the list of documents mentioned above to apply for a loan against property with HDFC.