Loan Against Property

Avail HDFC's loan against property for your personal or business needs. Both residential and commercial properties can be mortgaged for taking a loan against property.

  • Loan against fully constructed, freehold residential and commercial properties for: Business Needs; Marriage, medical expenses and other personal needs; transferring your outstanding loan availed from another Bank / Financial Institution
  • Longer tenure, smaller EMIs
  • Attractive interest rates
  • Easy and hassle free documentation
  • Simple repayments through monthly instalments
  • Integrated branch network for availing and servicing the loan anywhere in India

Loan Against Property Interest Rates

Adjustable Rate Loan

Retail Prime Lending Rate:(Non Housing) 9.90%

Loan SlabInterest Rates (% p.a.)
Self Occupied Residential Property (Upto 99.99 Lakhs)9.75 to 10.75
Self Occupied Residential Property (100 Lakhs & Above)9.50 to 10.50
Non - Self Occupied Residential Property (Upto 99.99 Lakhs)10.05 to 11.05
Non - Self Occupied Residential Property (100 Lakhs & Above)9.80 to 10.80

Loan SlabInterest Rates (% p.a.)
Commercial Property (Upto 99.99 Lakhs)10.05 to 12.25
Commercial Property (100 Lakhs & Above)9.80 to 12.00

 

TruFixed Loan – 2 Year Fixed Rate Variant

Retail Prime Lending Rate:(Non Housing) 9.90%

Loan SlabInterest Rates (% p.a.)
Self Occupied Residential Property (Upto 99.99 Lakhs)10.15 to 11.15
Self Occupied Residential Property (100 Lakhs & Above) 9.90 to 10.90
Non - Self Occupied Residential Property (Upto 99.99 Lakhs)10.45 to 11.45
Non - Self Occupied Residential Property (100 Lakhs & Above)10.20 to 11.20

Loan SlabInterest Rates (% p.a.)
Commercial Property (Upto 99.99 Lakhs)10.45 to 12.30
Commercial Property (100 Lakhs & Above)10.20 to 12.05

To read terms & Conditions, Click Here

Loan Against Property Loan Details

You can apply individually or jointly for a Loan Against Property. All owners of the property will have to be co-applicants. 

Who can Apply?

Primary Applicant
  • AGE

    18-65 years

  • PROFESSION

    Salaried / Self Employed

  • NATIONALITY

    Resident Indian

  • GENDER

    All Genders

PLAN YOUR HOME
Co-Applicant(s)
  • Adding Co-Applicant helps in maximizing the loan amount.

  • Adding Women Co-Owner helps in getting better interest rate.

  • All co-applicants need not be co-owners. Generally co-applicants are close family members.

What's the maximum funding and the loan payment term?

Existing HDFC Customers

The principal outstanding on all existing loans and the Loan Against Property being availed should not cumulatively exceed 60% of the Market Value of the mortgaged property as assessed by HDFC.

New Customers

Loan Against Property being availed should not, generally, exceed 50% of the Market Value of the property, as assessed by HDFC.

You may spread out your payments for the loan over a maximum term of 15 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.

Documents and Charges

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:

Select Any One

Pan card
Mandatory document for KYC
Apply Now!

For the complete list of KYC documents click here.

  • Last 3 months' Salary Slips
  • Last 6 months' Bank Statements, showing salary credits
  • Latest Form-16 and IT returns
  • Title Deeds including the previous chain of the property documents
  • Proof of no encumbrances on the property
  • Approved plan if applicable
  • Employment Contract / Appointment Letter in case current employment is less than year old
  • Last 6 months' Bank Statements showing repayment of any ongoing loans
  • Passport size photograph of all the applicants / co-applicants to be affixed on the Application form and signed across.
  • Cheque for processing fee favouring HDFC Ltd.
  • Declaration and documents clearly stating the end use of the loan
  • Own Contribution Proof

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

Processing Fees

Up to 1.50% of the loan amount or Rs. 4,500 whichever is higher, plus applicable taxes.

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

Other Charges

Type Charges
Check Dishonour Charges  Rs.200**
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
A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest

a) For Individual Borrowers:

For all loans sanctioned only to individual borrowers, no prepayment charges shall be payable on account of part or full prepayments made through any sources.

b) For Other than Individual Borrowers - For loans sanctioned with company/ Sole Proprietorship Concern/Firm or an HUF as co-applicants:

i. In case the loan is prepaid within the first six (6) months from the date of first disbursement, Prepayment Charges shall be levied at a rate of 2 % plus taxes and statutory levies and charges, of the amounts being so prepaid;

ii. Upon the expiry of the first six (6) months and up till 36 months, the borrower shall have the option to prepay up to 25% of the opening principal amount every financial year, of the loan, without any prepayment charges. Such prepayments would need to be made from the own sources* of the Borrower.

Any amounts prepaid in any financial year in excess of the 25% threshold shall attract prepayment charges at 2% of the amounts being so prepaid in excess of 25% every financial year.

Upon the expiry of 36 months, no prepayment charges will be applicable if the loan is prepaid from own sources. However should the loan be prepaid through refinance the borrower shall be liable to pay prepayment charges.

c) The customer will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of pre-payment of the loan.

*the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

The prepayment charges as mentioned above are as on date of execution of this loan agreement, however they are subject to change as per prevailing policies of HDFC and accordingly may vary from time to time. Customers are requested to refer to www.hdfc.com for the latest charges applicable on prepayments.

B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest

a) For Individual Borrowers:

For all loans disbursed, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes and statutory levies and charges, of the outstanding amounts being so prepaid through refinance from any Bank/HFC/NBFC or Financial Institution (such amounts shall include all amounts prepaid during the given financial year) and not through own sources* and shall be applicable to all partial or full prepayments.

b) For Other than Individual Borrowers - For loans sanctioned with company/ Sole Proprietorship Concern/Firm or an HUF as co-applicants:

I. In case the loan is prepaid within the first six (6) months from the date of first disbursement, Prepayment Charges shall be levied at a rate of 2 % plus taxes and statutory levies and charges, of the amounts being so prepaid;

II. Upon the expiry of the first six (6) months and up till 36 months, the borrower shall have the option to prepay up to 25% of the opening principal amount every financial year, of the loan, without any prepayment charges. Such prepayments would need to be made for the own sources of the Borrower.

Any amounts prepaid in excess of the 25% threshold shall attract prepayment charges at 2% of the amounts being so prepaid in excess of 25% every financial year.

Upon the expiry of 36 months, no prepayment charges will be applicable if the loan is prepaid from own sources. However should the loan be prepaid through refinance the borrower shall be liable to pay prepayment charges.

c) The customer will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of pre-payment of the loan.

*the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

The prepayment charges as mentioned above are as on date of execution of this loan agreement, however they are subject to change as per prevailing policies of HDFC and accordingly may vary from time to time. Customers are requested to refer to www.hdfc.com for the latest charges applicable on prepayments.

We offer our existing customer the option to reduce the applicable interest rates on the Home Loan (by changing the spread or switching between schemes) through our Conversion Facility. You can take advantage of this facility by paying a nominal fee and opt for either reducing your monthly instalment (EMI) or loan tenure. Terms and conditions apply. To avail of our Conversion Facility and to discuss the various available options either click here to allow us to call you back or log on to our Online Access for Existing Customers, to get your Home Loan account information 24x7. The following options of conversion are available to an existing customer of HDFC:

Name of the Product/Service Name of Fee/Charge levied When Payable Frequency Amount in Rupees

Switch to Lower Rate in Variable rate Loans (Housing / Extension / Improvement)

Conversion Fees On Conversion On every Spread change Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap Rs. 50000 plus taxes whichever is lower.

Switching to Variable Rate Loan from Fixed Rate Loan (Housing / Extension / Improvement

Conversion Fees On Conversion Once Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap Rs. 50000 plus taxes whichever is lower.

Switch from Trufixed fixed rate to Variable rate

Conversion Fees On Conversion Once 1.75% of the Principal Outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.

Switch to Lower Rate (Non–Housing Loans)

Conversion Fees On Conversion On every Spread change Half of the spread difference on the principal outstanding and undisbursed amount (if any) plus taxes, with a minimum fee of 0.5% and Max. 1.50%.

Switch to Lower Rate (Plot Loans)

Conversion Fees On Conversion On every Spread change 0.5% of principal outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.

Calculators

Get the peace of mind by knowing all the details about your loan

Rs.
Rs. 1 Lac Rs. 10 Cr
1 30
0 15
Rs. 25,64,000
Rs. 25,64,000
Rs. 25,64,000
Rs. 25,64,000

Amortization Schedule

Rs.
Rs. 10 K Rs. 1 Cr
1 30
0 15
Rs.
Rs. 0 Rs. 1 Cr

Your Loan eligibility

Rs.

Looking for more funding/ need some help?

Chat with us

Your loan EMI will be

Rs. /monthly
Rs.
Rs. 0 Rs. 1 Cr
Rs.
Rs. 10 K Rs. 1 Cr
1 30
0 15
Rs.
Rs. 0 Rs. 1 Cr

You are eligible for a Loan Amount upto

Rs.

Looking for more funding/ need some help?

Chat with us

Property Cost

Rs.

Existing Loan

Rs.
Rs. 1 Lac Rs. 10 Cr
1 30
0 15

Loan from HDFC Home Loans

1 30
0 15

Total saving in Cash outflow

Rs.

Existing EMI

Rs.

Proposed EMI

Rs.

Saving in EMI

Rs.

Frequently Asked Questions

It is a loan against fully constructed, freehold residential and commercial properties for: Personal and Business Needs(other than for speculative purposes) like marriage, medical expenses and child's education etc. Existing Loan Against Property(LAP) from other banks and financial institutions can also be transferred to HDFC.

For Existing Customers, the principal outstanding on all existing loans and the Loan Against Property being availed should not cumulatively exceed 60% of the Market Value of the mortgaged property as assessed by HDFC. For New Customers, loan against property being availed should not, generally, exceed 50% of the Market Value of the property, as assessed by HDFC.

Loan Against Property(LAP) can be availed by both salaried and self employed individuals for personal and professional needs(other than for speculative purposes) like marriage, Child's education, business expansion, debt consolidation etc.

You can avail a loan against property for a maximum term of 15 years or till your age of retirement ,whichever is lower.

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

Yes ,Loan Against Property(LAP) can be availed against a fully constructed and freehold commercial properties .

You can find a checklist regarding documents required and applicable fees & charges on https://www.hdfc.com/checklist#documents-charges

Terms & 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.

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.

Key Benefits & Features

Avail HDFC's loan against property for your personal or business needs. Both residential and commercial properties can be mortgaged for taking a loan against property.

  • Loan against fully constructed, freehold residential and commercial properties for: Business Needs; Marriage, medical expenses and other personal needs; transferring your outstanding loan availed from another Bank / Financial Institution
  • Longer tenure, smaller EMIs
  • Attractive interest rates
  • Easy and hassle free documentation
  • Simple repayments through monthly instalments
  • Integrated branch network for availing and servicing the loan anywhere in India

Loan Against Property Interest Rates

Adjustable Rate Loan

Retail Prime Lending Rate:(Non Housing) 9.90%

Loan SlabInterest Rates (% p.a.)
Self Occupied Residential Property (Upto 99.99 Lakhs)9.75 to 10.75
Self Occupied Residential Property (100 Lakhs & Above)9.50 to 10.50
Non - Self Occupied Residential Property (Upto 99.99 Lakhs)10.05 to 11.05
Non - Self Occupied Residential Property (100 Lakhs & Above)9.80 to 10.80

Loan SlabInterest Rates (% p.a.)
Commercial Property (Upto 99.99 Lakhs)10.05 to 12.25
Commercial Property (100 Lakhs & Above)9.80 to 12.00

 

TruFixed Loan – 2 Year Fixed Rate Variant

Retail Prime Lending Rate:(Non Housing) 9.90%

Loan SlabInterest Rates (% p.a.)
Self Occupied Residential Property (Upto 99.99 Lakhs)10.15 to 11.15
Self Occupied Residential Property (100 Lakhs & Above)9.90 to 10.90
Non - Self Occupied Residential Property (Upto 99.99 Lakhs)10.45 to 11.45
Non - Self Occupied Residential Property (100 Lakhs & Above)10.20 to 11.20

Loan SlabInterest Rates (% p.a.)
Commercial Property (Upto 99.99 Lakhs)10.45 to 12.30
Commercial Property (100 Lakhs & Above)10.20 to 12.05

To read terms & Conditions,Click Here

Loan Against Property Loan Details

You can apply individually or jointly for Home Improvement Loans. All owners of the property will have to be co-applicants. 

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.
PLAN YOUR HOME

What's the maximum funding and the loan payment term?

Existing HDFC Customers

The principal outstanding on all existing loans and the LAP being availed should not cumulatively exceed 60% of the Market Value of the mortgaged property as assessed by HDFC.

New Customers

The LAP being availed should not, generally, exceed 50% of the Market Value of the property, as assessed by HDFC.

You may spread out your payments for the loan over a maximum term of 15 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.

Documents and Charges

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:

Select Any One

Pan Card
Mandatory document for KYC
Apply Now!

For the complete list of KYC documents click here.

  • Income Tax Returns along with computation of income for the last 3 Assessment Years (of both the individual and the business entity and attested by a CA)
  • Last 3 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules (of both the individual and the business entity and attested by a CA)
  • Last 6 months' Current A/c Statements of the business entity and Savings Account Statements of the individual
  • Title Deeds including the previous chain of the property documents
  • Proof of no encumbrances on the property
  • Approved plan if applicable
  • Business Profile

  • Latest Form 26 AS

  • List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company

  • Memorandum and Articles of Association of the Company

  • Partnership deed in case of the business entity being a partnership firm

  • Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.

  • Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across

  • Cheque for processing fee favouring ‘HDFC Ltd.’

  • Declaration and documents clearly stating the end use of the loan

  • Own Contribution Proof

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

Processing Fees

Up to 1.50% of the loan amount or Rs.4,500 whichever is higher, plus applicable taxes.

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

Other Charges

Type Charges
Check Dishonour Charges  Rs.200**
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
A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest

a) For Individual Borrowers:

For all loans sanctioned only to individual borrowers, no prepayment charges shall be payable on account of part or full prepayments made through any sources.

b) For Other than Individual Borrowers - For loans sanctioned with company/ Sole Proprietorship Concern/Firm or an HUF as co-applicants:

i. In case the loan is prepaid within the first six (6) months from the date of first disbursement, Prepayment Charges shall be levied at a rate of 2 % plus taxes and statutory levies and charges, of the amounts being so prepaid;

ii. Upon the expiry of the first six (6) months and up till 36 months, the borrower shall have the option to prepay up to 25% of the opening principal amount every financial year, of the loan, without any prepayment charges. Such prepayments would need to be made from the own sources* of the Borrower.

Any amounts prepaid in any financial year in excess of the 25% threshold shall attract prepayment charges at 2% of the amounts being so prepaid in excess of 25% every financial year.

Upon the expiry of 36 months, no prepayment charges will be applicable if the loan is prepaid from own sources. However should the loan be prepaid through refinance the borrower shall be liable to pay prepayment charges.

c) The customer will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of pre-payment of the loan.

*the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

The prepayment charges as mentioned above are as on date of execution of this loan agreement, however they are subject to change as per prevailing policies of HDFC and accordingly may vary from time to time. Customers are requested to refer to www.hdfc.com for the latest charges applicable on prepayments.

B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest

a) For Individual Borrowers:

For all loans disbursed, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes and statutory levies and charges, of the outstanding amounts being so prepaid through refinance from any Bank/HFC/NBFC or Financial Institution (such amounts shall include all amounts prepaid during the given financial year) and not through own sources* and shall be applicable to all partial or full prepayments.

b) For Other than Individual Borrowers - For loans sanctioned with company/ Sole Proprietorship Concern/Firm or an HUF as co-applicants:

I. In case the loan is prepaid within the first six (6) months from the date of first disbursement, Prepayment Charges shall be levied at a rate of 2 % plus taxes and statutory levies and charges, of the amounts being so prepaid;

II. Upon the expiry of the first six (6) months and up till 36 months, the borrower shall have the option to prepay up to 25% of the opening principal amount every financial year, of the loan, without any prepayment charges. Such prepayments would need to be made for the own sources of the Borrower.

Any amounts prepaid in excess of the 25% threshold shall attract prepayment charges at 2% of the amounts being so prepaid in excess of 25% every financial year.

Upon the expiry of 36 months, no prepayment charges will be applicable if the loan is prepaid from own sources. However should the loan be prepaid through refinance the borrower shall be liable to pay prepayment charges.

c) The customer will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of pre-payment of the loan.

*the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

The prepayment charges as mentioned above are as on date of execution of this loan agreement, however they are subject to change as per prevailing policies of HDFC and accordingly may vary from time to time. Customers are requested to refer to www.hdfc.com for the latest charges applicable on prepayments.

We offer our existing customer the option to reduce the applicable interest rates on the Home Loan (by changing the spread or switching between schemes) through our Conversion Facility. You can take advantage of this facility by paying a nominal fee and opt for either reducing your monthly instalment (EMI) or loan tenure. Terms and conditions apply.
To avail of our Conversion Facility and to discuss the various available options either click here to allow us to call you back or log on to our Online Access for Existing Customers, to get your Home Loan account information 24x7. The following options of conversion are available to an existing customer of HDFC:

Name of the Product/Service Name of Fee/Charge levied When Payable Frequency Amount in Rupees

Switch to Lower Rate in Variable rate Loans (Housing / Extension / Improvement)

Conversion Fees On Conversion On every Spread change Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap Rs. 50000 plus taxes whichever is lower.

Switching to Variable Rate Loan from Fixed Rate Loan (Housing / Extension / Improvement)

Conversion Fees On Conversion Once Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap Rs. 50000 plus taxes whichever is lower.

Switch from Trufixed fixed rate to Variable rate

Conversion Fees On Conversion Once 1.75% of the Principal Outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.

Switch to Lower Rate (Non–Housing Loans)

Conversion Fees On Conversion On every Spread change Half of the spread difference on the principal outstanding and undisbursed amount (if any) plus taxes, with a minimum fee of 0.5% and Max. 1.50%.

Switch to Lower Rate (Plot Loans)

Conversion Fees On Conversion On every Spread change 0.5% of principal outstanding and undisbursed amount (if any) plus taxes at the time of Conversion.

Frequently Asked Questions

It is a loan against fully constructed, freehold residential and commercial properties for: Personal and Business Needs(other than for speculative purposes) like marriage, medical expenses and child's education etc. Existing Loan Against Property(LAP) from other banks and financial institutions can also be transferred to HDFC.

For Existing Customers, the principal outstanding on all existing loans and the Loan Against Property being availed should not cumulatively exceed 60% of the Market Value of the mortgaged property as assessed by HDFC. For New Customers, loan against property being availed should not, generally, exceed 50% of the Market Value of the property, as assessed by HDFC.

Loan Against Property(LAP) can be availed by both salaried and self employed individuals for personal and professional needs(other than for speculative purposes) like marriage, Child's education, business expansion, debt consolidation etc.

You can avail a loan against property for a maximum term of 15 years or till your age of retirement ,whichever is lower.

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

Yes ,Loan Against Property(LAP) can be availed against a fully constructed and freehold commercial properties .

You can find a checklist regarding documents required and applicable fees & charges on https://www.hdfc.com/checklist#documents-charges

Terms & 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.

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.

Lets Chat!