When you set your sight on a new home, you are eager and excited to move into your new space. You may however, have to wait for your existing home to be sold. HDFC’s Short Term Bridging Loan helps you during the interim period between the sale of your old home and the purchase of a new one.

Loan Essentials

Classification of Self-Employed Customers
  • Self-Employed Professional (SEP)

    Doctor  |   Lawyer  |   Chartered Accountant  |   Architect  |   Consultant  |   Engineer  |  Company Secretary etc.

  • Self-Employed Non-Professional (SENP)

    Trader  |   Commission Agent  |   Contractor etc.

Who Can Apply

You can apply individually or jointly for Short Term Bridging Loans. All proposed owners of the property will have to be co-applicants. However, all co-applicants need not be co-owners. Generally co-applicants are close family members.

Loan Term
  • You may spread out your payments for the loan over a maximum term of 2 years.
  • The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms of HDFC.
Maximum Loan Amount
Loan Amount Maximum Funding*
Up to Rs. 75 lacs 80% of the property cost
Above Rs. 75 lacs 75% of the property cost

*Subject to market value of the property and repayment capacity of the customer, as assessed by HDFC.

Types of Short Term Bridging Loans
  • Simple Interest Adjustable Rate Loan
    A Short Term Bridging Loan is a Simple Interest Adjustable Rate Loan linked to HDFC's Retail Prime Lending Rate (RPLR).

Interest Rates

Adjustable Rate Loan

RPLR: 16.30%

Loan Slab Interest Rates (% p.a.) RPLR minus Spread
Any loan amount – Residential Properties 12.30 RPLR – 4.00
Any loan amount – Commercial Properties 13.15 RPLR – 3.15

The above rates are subject to change without notice.


Following are the documents you would need to submit for all applicants / co-applicants along with the completed and signed Application Form for loan approval:

Purpose Documents
Proof of both identity and residence (any 1)
  1. Valid Passport
  2. Voter ID Card
  3. Aadhaar Card
  4. Valid Driving Licence
For the complete list of KYC documents click here
Proof of income
  1. Income Tax Returns along with computation of income for the last 3 Assessment Years
  2. Last 3 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules
    (Points 2 & 3 should be of both the individual and the business entity and attested by a CA)
  3. Last 6 months' Current A/c Statements of the business entity and Savings Account Statements of the individual
Other documents
  1. Business Profile
  2. Latest Form 26 AS
  3. List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company
  4. Memorandum and Articles of Association of the Company
  5. Partnership deed in case of the business entity being a partnership firm
  6. Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.
  7. Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
  8. Cheque for processing fee favouring ‘HDFC Ltd.’
  9. Own Contribution Proof
Property related documents (of both the properties)
  1. Title Deeds including the previous chain of the property documents
  2. Proof of no encumbrances on the property

All documents to be self attested.
The above list is indicative in nature and additional documents can be asked for.

Fees and Charges

The following is an indicative list of fees / other charges / outgoings that are payable depending on the nature of the loan availed (*):

Processing fees

0.5% of the loan amount plus applicable taxes.

Prepayment charges
Adjustable Rate Loan


For all loans sanctioned to individual customers:

No prepayment charges shall be payable on account of part or full prepayments.

For all other loans:

There will be no prepayment charges payable for any amount up to and including 25% of the opening principal balance for a given financial year.

However any part prepayment in excess of 25% or full prepayment shall bear a prepayment charge of 2%, plus applicable taxes, of the amounts being so prepaid if the prepayment is made within 3 years from the date of first disbursement of the loan (such amounts shall include all amounts prepaid during the given financial year).

There will be no prepayment charges payable for any part prepayment if such a part prepayment is made after 3 years from the date of first disbursement of the loan.

Full prepayment made after 3 years from date of first disbursement of the loan shall bear a prepayment charge of 2%, plus applicable taxes, of amounts being so prepaid if source of such prepayment is by the way of borrowing from a Bank / Housing Finance Company (HFC) / Non Banking Financial Company (NBFC) or Financial Institution. (such amounts shall include all amounts prepaid during the given financial year).

Cheque dishonour charges

Rs. 200**

Fees on account of external opinion

Fees on account of external opinion from advocates / technical valuers, as the case may be, is payable on an actual basis as applicable to a given case. Such fees is payable directly to the concerned advocate / technical valuer for the nature of assistance so rendered.

Property insurance

The customer shall pay the premium amounts directly to the insurance provider, promptly and regularly so as to keep the policy / policies alive at all times during the pendency of the loan.

Charges on account of delayed payments

Delayed payment of interest or EMI shall render the customer liable to pay additional interest up to 24% per annum.

Incidental charges

Incidental charges & expenses are levied to cover the costs, charges, expenses and other monies that may have been expended in connection with recovery of dues from a defaulting customer. A copy of the policy can be obtained by customers from the concerned branch on request.

Statutory / regulatory charges

All applicable charges on account of Stamp Duty / MOD / MOE / Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) or such other statutory / regulatory bodies and applicable taxes shall be borne and paid (or refunded as the case may be) solely by the customer. You may visit the website of CERSAI for all such charges at www.cersai.org.in

List of Documents

Up to Rs.500

Photo Copy of Documents

Up to Rs.500

PDC swap

Up to Rs.200

Disbursement cheque cancellation charge post disbursement

Up to Rs.200

Re-appraisal of loan after 6 months from sanction

Up to Rs.2,000 plus applicable taxes

Increase / decrease in loan term

Up to Rs.500 plus applicable taxes

(*) the contents of the above are subject to change from time to time and the levy of the same shall be at such rates as may be applicable as on the date of such charge.

**Conditions apply.

Terms and Conditions


Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC.

Other conditions
  • All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC’s products and services. For detailed information about HDFC’s products and services kindly visit the nearest HDFC branch.
Click here for the Most Important Terms and Conditions pertaining to your loan.