HDFC Bank Loan Against Property, Interest Rate, Eligibility and EMI Calculator July 2017

 

(Updated on 03.07.17) HDFC Bank Loan Against Property Eligibility Calculator July 2017Loansninsurances.com provides a simple tool to calculate HDFC Bank Loan Against Property EMI on the basis of ✓ Loan Amount ✓ Interest Rate ✓ Repayment Options ✓ Processing Charges & more.

HDFC BANK LOAN AGAINST PROPERTY – INSTANT QUOTES ONLINE

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HDFC Loan Against Property

HDFC Bank Loan Against Property is a blessing by the bank to it’s customers to fulfill all their cherished dreams as they can use their property as security and receive higher loan amount to fulfill their personal and business related needs. The bank offers speedy process of approval and disbursement with minimal documentation . HDFC LAP has longer tenure ranging from 12 months to 9 years at competitive interest rates ranging from 11.20% to 13.45% and flexible repayment options. With the benefit of lower EMI getting a loan cannot be easier.

HDFC Bank Loan Against Property Features

  • The bank offers higher loan amount and attractive interest rate for longer tenure

  • Hassle free loan with speedy approval

  • The bank accepts both residential and commercial property as collateral

  • You have the provision of excellent debt consolidation tool

HDFC Loan Against Property Benefits

  • The bank offers higher loan amount with lower EMI due to longer repayment tenure & competitive interest rates

  • Provision to use the funds for business as well as personal needs

  • You have the facility of flexible repayment option to choose between Drop line Overdraft Facility or EMI based loan

  • Facility of specially designed programs for the Self Employed

  • The bank offers customized loan options for self-employed individuals

HDFC Bank Loan Against Property Eligibility

  • Salaried professionals working in government or private organizations are eligible.

  • Self employed individuals engaged in different business are also eligible to avail loan against property

The eligibility criteria for salaried customer for opting loan against property at HDFC Bank ask copies of all property documents, last 6 month salary slip with deduction shown, last 2 years Form 16, last 6 months salary credited bank statement, identity proof & residence proof.

The eligibility criteria for self-employed customer for opting loan against property at HDFC Bank required document last 3 years certified financial statement, last 6 months income credited bank statement, copies of all property documents, identity proof & residence proof.

How to apply for HDFC Bank Loan Against Property?

You can apply for HDFC Bank loan against property online as well as by visiting bank branches. If you want to apply online, you must login the registration page of bank’s loan against property and enter the required details. Both existing and new customer can apply for loan against property online. Alternatively, you can visit the nearest HDFC bank branch to fill the application form, which would ask you to state necessary personal, occupational & income details, etc. Subsequently, you should submit the form at the branch along with photographs and other documents listed below.

HDFC Loan Against Property Documents required

If you are a salaried individual, you will require the following documents:

  • A ration card / telephone bill / electricity bill / voters card as your Proof of Residence

  • You need to submit a voter’s card / driver’s license / employer’s card as Proof of Identity

  • Latest Bank Statement / Passbook as Income Proof

  • Your Salary Slip from the last 6 months with all deductions shown and Form 16 from the last 2 years will also be required to be submitted

  • Copies of all property documents of the concerned property that you chose to pledge for the loan.

If you are a self employed professional/individual, you will require the following documents:

  • You need to submit a certified financial statement for the last 3 years

  • A ration card / telephone bill / electricity bill / voters card as your proof of residence

  • A voter’s Card / Driver’s License / Employer’s Card as your proof of Identity

  • Your latest Bank Statement / Passbook from where you can show a salary / income being credited from the past 6 months

  • Copies of all property documents of the concerned property that you chose as collateral for the loan.

    HDFC Bank Loan Against Property Interest Rate and Charges

    Charges

    Loan against property

    Loan against rent receivables

    Drop line Overdraft and Charges

    Rack Interest Rate Range

    MCLR + 1.85%

    to

    MCLR + 3.35%

    11.20% to 12.80%

    MCLR + 1.85%

    to

    MCLR + 3.35%

    11.20% to 12.80%

    MCLR + 2.60%
    to
    MCLR + 4.10%

    11.95% to 13.45%

    Loan Processing Charges

    Maximum of 1% of loan amount

    Maximum of 1% of loan amount

    Maximum of 1% of loan amount

    Prepayment Charges

    Nil

    Nil

    Nil

    Repayment Schedule Charges

    Rs. 200/- per schedule

    Rs. 200/- per schedule

    Rs. 200/- per schedule

    Cheque / SI / ECS swapping charges

    Rs. 500/-

    Rs. 500/-

    Rs. 500/-

    Charges for late payment of EMI

    2 % per month on overdue EMI amount

    2 % per month on overdue EMI amount

    N/A

    HDFC Bank Loan Against Property EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get instant calculation for Property Loan EMI within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

To know EMI per month, you just need to fill in the personal amount , the rate of interest and the tenure period. For eg., if you are taking a loan against the property of Rs 20,00,000 at the interest rate of 11.20% per annum for a tenure period of 9 years, the EMI per month is Rs. 29,473.

Latest News On HDFC LAP

  1. HDFC Bank Ltd introduces digital loans against securities(LAS)

Private lender HDFC Bank Limited has recently introduced digital loans against securities (LAS). the bank has tied up with National Securities Depository Ltd (NSDL) for this. Under this process. Customers do not need to provide wet signatures while pledging shares. Customers can initiate shares directly through their demat accounts and give necessary approvals while applying for the loan. The bank approves it instantly and the money is credited to their bank accounts. The average interest rate on these loans will be 10.5 per cent and the minimum loan amount will be Rs 1 lakh. (Sources: Eletsonline)

2. HDFC to raise Rs 775 crore via debentures on a private placement basis

Mortgage lender HDFC Ltd will raise Rs 775 crore by issuing bonds on private placement basis’s part of arranging long term capital. The object of the issue is to augment long term resources of the Corporation, HDFC said in a regulatory filing today.(Sources: Economic times)

HDFC BANK LOAN AGAINST PROPERTY BRANCHES IN DELHI/NCR
Contact Address IFSC Code MICR Code
Pankaj Central Market , Near Mayur Dhwaj Society, Patparganj,Ip Extention ,New Delhi 110092 HDFC0002092 110240236
Gf No A/311 Janakpuri, New Delhi – 110058 HDFC0001558 110240186
Hdfc Bank Ltdsplender Forum, Jasola – 110025 HDFC0000923 110240122
Lobby Mezzanine Flr Taj Mahal Hotel Manshingh Road New Delhi 110001 NA 110240266
Hdfc Bank Ltd Shop No12 And 13 Lutyens Square Thyagraj Nagar Market Delhi Delhi 110003 HDFC0004273 110240405
Hdfc Bank Ltd E-51 Naraina Vihar – 110028 HDFC0002040 110240227
44 Deenar Bhawan Ground Floor Nehru Place New Delhi Delhi 110019 HDFC0003717 110240364
1st Flooraggarwal Metro Heights Plot No E 4, Netaji Subhash Palace, Pitampura – 110034 HDFC0000935 110240193
Jwala Mansion 4.2 B Asaf Ali Road, New Delhi – 110002 HDFC0000598 110240019
Kharsha No 28/10/1-2/15,Village Barwala – 110039 HDFC0000677 110240094
Gf-H, Gf-I & Gf-O, Dcm Building 16,Barakhamba Road New Delhi New Delhi 110001 HDFC0000708 110240096
HDFC BANK LOAN AGAINST PROPERTY BRANCHES IN MUMBAI
Okaz Shopping Complex, Millat Nagar, Oshiwara, Jogeshwari(W)Versova, Mumbai-400061 HDFC0CBMC39 400069024
Plot No.207,Tpsiv,S.V Road Santacruz(W)Mumbai-400054. HDFC0CBMC38 400069025
Om Chambers, August Kranti Marg, Near Godrej Chowk, Mumbai-400036 HDFC0CBMC30 400069015
Nav Ratan Bldg.69 P.D. Mello Road,Near Carnac Bunder Mumbai-400009. HDFC0CBMC22 400069013
253P. Nariman Street, Mumbai-400001. HDFC0CBMC12 400069005
Shop No.4 & 5/1B/1C/Shanti Sadan, Junction Of S.V. Road, Marve Road Malad (W) Mumbai-400064. HDFC0CBMC33 400069018
224, Veer Savarkar Marg, Mahim Mumbai-400016 HDFC0CBMC10 400069009
Kalpana Cinema Bldg. L.B.S. Marg, Kurla Mumbai-400070. HDFC0CBMC14 400069008
HDFC Bank Branches in Chennai, Tamil Nadu
#2A, 1st Floor, Duraisamy Reddy Street, West Tambaram, Chennai, Tamil Nadu HDFC0001870 600240070
HDFC Bank Ltd No.12, 6Th Block Tnhb, Mogappair West, Chennai, Tamil Nadu HDFC0001765 600240056
No6 1 Dayalu Nagar, Villivakkam, Landmark Don Bosco School, Srinivasa Nagar, 1st Main Road, Chennai Tamilnadu 600049 HDFC0004221 600240104
HDFC Bank Ltd. Ywca, 1086, P.H.Road,Chennai, Tamil Nadu HDFC0001073 600240051
No 754T, H Road, Thiruvottiyur, Chennai, Tamil Nadu HDFC0001299 600240044
HDFC Bank Ltd, No 325 E 1 Ga O New, No 46 1 Velachery Main Road, Velachery, Chennaim Tamil Nadu 600042 HDFC0003923 600240100
HDFC Bank Ltd., No. 105-1B2 and 1B2A, Adayalampattu Village, Vanagram, Chennai, Thiruvallur, Tamil Nadu 600095 HDFC0002770 600240093
HDFC Bank Ltd., No C2 1st Seaward Road, Valmiki Nagar, Tiruvanmiyur, Chennai, Tamil Nadu 600041 HDFC0004102 600240102
HDFC Bank Ltd., No 20 5 Sony Plaza, Ground and 1st floor, Valluvar, Salai Ramapuram, Chennai, Tamil Nadu 600089 HDFC0003672 600240096
HDFC Bank Ltd., No.37, 1st Floor, Car Street, Triplicane, Chennai, Tamil Nadu HDFC0001862 600240059
HDFC Bank Ltd., Ramanujan, IT Sez Neville Block, Rajiv Gandhi, Salai Taramani, Chennai, Tamil Nadu 600113 HDFC0004166 600240106
189, Thambu Chetty, Street Parrys, Chennai, Tamil Nadu HDFC0001237 600240039
HDFC Bank Ltd., Ground Floor, 411, M T High Road, Ambattur, Chennai, Tamil Nadu HDFC0001290 600240043
No 29, Rangan Street, Usman Road, Chennai Tamilnadu 600017 India HDFC0002590 600240094
HDFC Bank Ltd., 995-C, Second Avenue, Nagar (W), Chennai, Tamil Nadu HDFC0001225 600240038
Bay Castle, No 30, San Thome High Rd, Chennai, Tamil Nadu – 600028 HDFC0000386 600240017

 

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HDFC Bank Loan Against Property, HDFC Bank LAP Interest Rate
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on 2016-05-28
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