HDFC Loan Against Property

HDFC Bank brings to you Loan Against Property (LAP). You can now take a loan against your residential or commercial property, to expand your business, plan a dream wedding, fund your child's education and much more.
You can depend on us to meet all your business requirements even to purchase a new shop or office for your business. Loan to purchase Commercial Property (LCP) is a specially designed product to help you expand your business without reducing the capital from your business.

Urgent requirements to meet but no cash in hand?
Unforeseen circumstances forcing you to arrange for a large sum?
Perplexed between whether to sell house or look for another option?

HDFC presents Loans Against Property (LAP), that allow you to take loans keeping your residential or commercial properties as mortgage. These may be taken to fund your children's education, to fund your business, or to even go for a vacation.

Features & Benefits

Loans from Rs. 2 Lacs onwards.
Borrow upto 50% of market value of the property.

Flexibility to choose between an EMI based loan or an Overdraft

The bank also offers to overdraft you against your self-occupied residential or commercial property; you save money by paying interest only on the amount utilized! High tenure loans for ease of repayment.

Attractive interest rates.
Simple and fast processing.
Specially designed products for the self employed.

Fees & Charges

Description of Charges

Loan Against Property

Dropline Overdraft Against Property / Commercial OD against Property

Loan Against Rent Receivables

Loan Processing Charges*( * Minimum PF of Rs.7500/- )

Pre-payment charges

4% of the outstanding principal (pre-payment is allowed only after 6 months)

4% of the operating limit prevailing at the time of prepayment

4% of the outstanding principal (pre-payment is allowed only after 6 months)

No Due Certificate / No Objection Certificate (NOC)

Nil

Solvency Certificate

Not applicable

Charges for late payment of EMI

2 % per month on overdue EMI amount

18% penal interest applicable on overdue amount

2 % per month on overdue EMI amount

Charges for changing from fixed to floating rate of interest

0.25% of the loan amount

Only Floating rate option

Charges for changing from floating to fixed rate of interest

1.5% of the loan amount

Only Floating rate option

Duplicate no due certificate / NOC

Rs 250/-

Stamp Duty & other statutory charges

As per applicable laws of the state

Cheque swapping charges

Rs 500/-

Bounce Cheque Charges

Rs 450/-

Statement Charges (per statement)

Rs 500/-

Duplicate Repayment Schedule charges

Rs 500/-

Legal / Repossession & Incidental charges

At actuals

Account Maintenance Charges

NIL

Note: The above charges are exclusive of taxes and statutory levies as applicable from time to time. The above charges are the maximum charges applicable for each type of charge.