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HDFC Bank Lease Rental Discounting Loan in Jaipur

Interest Rate starts from 10.00%

HDFC Bank Lease Rental Discounting Loan Interest rates in Jaipur

Please Find the Detailed HDFC Bank Lease Rental Discounting Loan Interest Rates

Up To 50,00,00050,00,000 Above
Commercial Properties10.50%10.00%

Features of HDFC Bank Lease Rental Discounting Loan Jaipur

Type Features
Processing Fee1.0%
Pre Closure Charges2.5%
Part Payment ChargesAllowed
Min Tenure5 Years
Max Tenure15 Years
Min Age23 Years
Max Age60 Years
Min Loan AmountRs.1,00,000/-
Max Loan AmountRs.30,00,00,000/-

HDFC Bank Lease Rental Discounting Loan Jaipur Charges

Type Charges
Penal Interest@24% Per Annum
Duplicate Statement ChargesNil
Insurance CoverUpto Loan amount
Inspection ChargesAt Actuals
Legal Opinion Valuation ChargesAt Actuals
Bounce Cheque ChargesRs.550/-
Switch Variable To FixedNot Applicable
Switch Fixed To VariableNot Applicable
Photocopy DocumentsRs.1000 + Taxes
Charge For Exchanging E C S MandateRs. 500/-
Repayment Schedule ChargesRs.200/-
Loan Re Schedulement ChargesNil
N O C Issuance ChargesNil

Documentation For Lease Rental Discounting

  • Filled Application form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Latest 3 months Payslips
  • Job Continuity Proof
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents
  • Filled Application form
  • Identity Proof
  • Address Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents
  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification
  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)
  • Passport
  • Telephone bill (BSNL/MTNL)
  • Electricity bill
  • Title deed of property
  • Rental agreement
  • Driving license
  • Election ID card
  • Photo-credit card (with last two month statements)
  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)
  • Bank statements of latest 2 months
  • 3 months bank passbook
  • Min of 15 years of Link documents of Property
  • Min 15 Years of Encumbrance Certificate (EC) of the property obtained from Govt. Authorities
  • Property Sanction plan
  • BRS/LRS copies (if required, any)

HDFC Bank Lease Rental Discounting Loan FAQ's

About HDFC Bank

HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. Incorporated in 1994, it is the fifth largest bank in India as measured by assets. It is the largest private sector bank in India by market capitalization as of February 2014. The bank was promoted by the Housing Development Finance Corporation, a premier housing finance company (set up in 1977) of India.

According to the Brand Trust Report 2014, HDFC was ranked 32nd among India's most trusted brands. HDFC was ranked 45th on the list of top 50 Banks in the world in terms of their market capitalization.

HDFC Bank Highlights

KPMG India's Best Banks 2015 Awards by Business Today, 2016
Mr. Aditya Puri in Barron's Top 30 Global CEOs for 2nd year by Barron's World's Top 30 CEOs, 2016
HDFC Bank wins prestigious IBA Banking Technology Awards by IBA Awards, 2016
HDFC Bank wins Bank of the year and Best Digital Banking Initiative awards by Business Today - KPMG India's Best Bank, 2016
HDFC Bank wins NPCI National Payments Excellence Awards, 2015
Excellence in Customer Experience by IDC Insights Award 2015

Lease Rental Discounting Can Be Used For Many Purposes Like Below

For Business Expansion

For Construct a New Block

For Construction of a New House

For Future Saving Plans

For Interiors of Home

For Lumsum Amount on Lease Rentals

For Personal Investments

To Renovate Home

Why Lease Rental Discounting?

Most of the families prefer to have their own house whether big or small. There is a significant difference staying in a self owned house than in a rented shelter. House is the most costly asset owned by middle and upper middle class families and it has emotional value. Affording own house with actual money is not always possible. Even though a person has stable income, years of savings are required to own a house in this current market. A Home loan answers the problems of those people who are willing to have their own home but do not have sufficient money to do that. You can now own your dream home by availing Home loan.

Home loan is normally for purchase of a new House/ Flat/Plot or renovation/ renewing of existing residential or commercial properties. Home loans are provided by Banks and registered finance companies. In Indian market there are several Banks/ HFCs providing Home loans at competitive interest rates. Home loan is always secured against the property that you buy. In case you are unable to repay the loan amount the lending bank will have right to take possession of the home.

In case of a Home loan entire lump sum amount will be sanctioned and disbursed initially based on the credit worthiness. You can plan your housing loan repayment tenure varying from 10-30 years and is repayable in form of EMIs. The rate of interest applicable is linked with Bank's base rate. You have a option to chose floating interest rate or fixed interest rate for the loan amount. For those who want the EMI amount to be fixed and are intending to plan their payments accordingly can opt for fixed interest rate. Those who are ready to take minimal risk and intend to avail the advantage in the long run can avail floating rate of interest. Floating rate of interest is more beneficial in the long run.

Expert Advice

Best Practices for Home Loan

Buyer has to ensure sufficient due diligence before finalizing the property. Certain aspects like builder credibility, availability of required approvals, and legal clearance of property to be checked before buying a property. Though it costs little extra it is advisable to get the assistance of experts for buying a property. This will help in avoiding costly mistakes.
Calculate and plan the total expenditure involved in purchasing a property. Apart from the cost of the property there are other related expenses like stamp duty, loan application charges, processing fee, valuation fee, legal fee etc which need to be meet from own funds of the buyer. Property buyer to invest around 20-25% of the total cost apart from loan. It is to be ensured that sufficient cash reserves are available to meet these expenses.
Based on your earning and repaying capacity decide the home loan amount to be taken. The various factors to be taken into consideration include your income, fixed obligations, remaining work experience, future growth prospects, future expenses like children education, marriage etc, other source of income, job related risks etc. This thorough analysis will help in taking right decision. This will help in not making a mistake of taking small loan when your income supports higher loan and taking high loan when your income do not support a huge amount.
Improve your credit history. Clearing of all overdue before applying for home loan will helps to improve the credit score. It is to be noted that your loans will not go into 30-60 or 90 days delinquency which reduce the credit score. Loan dues to be paid before the credit card payments which have higher impact on the credit score then the credit card payment. Prioritize the payments.
Do hold all the documentation required for processing the loan in originals and copies. This will help in easy verification of documents and fast processing. Any change in the employment, changes in pay structure etc during the loan process to be intimated to the concerned officer who helps in avoiding disconnect.
Save the best possible amount from your income. This will help you in having the large down payment. During the tenure of loansave the income, which can be used for prepay of principal amount. Ensure that there are no prepayment charges before making prepayment.

Things not to do for Home Loan

Do not avail any short term loans like vehicle loans, Home Loans, credit cards before going for a home loan. Any additional loan taken will reduce your Home Loan eligibility.
Do not be very optimistic about your future income and make a choice of high loan amount. This will increase your worries and you make feel unsecured.
Do not change your employer without knowing the impact on the approval of your Home loan.
Do not get into a contract with emotions, do proper research before taking a property and ensure it is right fit for you.
Do not jump into a conclusion, do the required homework before applying for home loan.
Do not forget to read the small print, ensure to read all the terms and conditions before signing the agreements.
Do not forget to make the payment of instalments. Ensure sufficient balance in the account to meet the EMI on a monthly basis.
Do not apply for a home loan only just you have eligibility. First select the property get the technical and legal cleared then go for the home loan. In case if you have applied for a home loan and it is sanctioned based on your income, subsequently property is not eligible under Bank norms you will end up losing the processing fee.

Lease Rental Discounting Vs Mortgage Loans

Lease Rental Discounting Mortgage Loan
Home loan can be availed for own/purchase of new property (Home or Flat). Mortgage loans will be provided based on already owned property.
Under Home Loan, loan can be availed only for purchase of new property. There is no restriction on mortgage loan usage. It can be used for any purpose.
Housing Loan will be provided for max of 25 years, some banks can extend it to 30 years also. Mortgage loans will be restricted to max of 10 years of term, which will be varying from bank to bank in India.
Home Loans interest will be as low as 9.95% to max of 11.5%, these interest rates will be subject to change as per market condition. Interest rate will be very from 12% to max of 15% based on the bank to bank. Generally mortgage loans will be fixed interest loans.
Home Loan customers can be eligible for Income tax deduction of Rs 1.00 lakh on housing loan interest under section 80EE. This would be in addition to the existing tax benefit of Rs 1.5 lakh under section 24, only if the value of the property purchased should not exceed Rs 40 lakh. Also, it could result in maximum savings of Rs 30,000-31,000. If the money received from a mortgage loan is used for business purposes, the interest can be claimed as an expense on the balance sheet of the business. However, if an individual is using it for personal end use, like marriage or medical expenses, the interest is not tax deductible as per income tax guidelines.
Loan can be availed up to max of Rs. 1.0 Cr under home loan, for real estate project funding it can be up to Rs. 20.0 based on the bank risk appetite. Mortgage Loans can be avail up to Rs. 15.0 cr based on the type of property and its usage and value of property and eligibility of applicants as per banks norms.
There is no prepayment penalty for the housing loan customers, when the loan will be cleared by the own funds. There will be pre payment changes will be applicable for mortgage loans. This will be vary from 1% to 3% as per bank internal guidelines.
Part pre Payments will be allowed in Housing Loans. There were no part prepayment will be allowed for Mortgage loans.
Housing Loan can be availed with joint eligibility by Husband and wife or blood relatives. Mortgage loans also avail with the joint eligibility as company and director or blood relatives.
You can avail max of 80% of the property value as a home loan as per your eligibility criteria. In Mortgage Loan max of 65% property value can avail as a Loan based on the type of property.
You can avail a top loan facility on your home loan. Top up facility will be vary from bank to bank internal guidelines.

About Jaipur

Jaipur, popularly known as the “Pink City”, and “Paris of India”, is the capital of Rajasthan state, India. Jaipur is worldwide famous for unique Architecture, Vastu, Astrology, Forts, Monuments, Palaces, Art and Craft, Culture and last but not least for unique Food.

Jaipur was founded on 18th November 1727 by Maharaja Sawai Jai Singh II, a Kachawaha Rajput, who ruled from 1699-1744. Initially his capital was Amber (now pronounced as Amer), lies at a distance of 11 km from Jaipur. Maharaja Sawai Jai Singh II felt the need of shifting his capital city because of safety reasons as it was likely to be attacked by a Mughal King Bahadur Shah after the death of Aurangzeb.

Places To Be Visited In Jaipur

Pink City

    To experience the originality, to experience the traditional touch of the glorious past, your stop should be at old city, famously known as the Pink City, which is famous for magnificent palaces. The founder was Sawai Jai Singh II. To offer cordial welcome to Prince of Wales in 1876, the entire city was painted in pink color, which resembles hospitality. You cannot help marvel the architectural brain as the construction of the city was planned on providing excellent ventilation through out.

Hawa Mahal

    A stunning presentation of the rich architectural expertise of the past, Hawa Mahal is a not-to-miss tourist places in Jaipur. The Mahal was constructed by Maharaja Sawai Pratap Singh in 1799. True to the name it earned as the ‘Palace of the Winds’, Hawa Mahal has 953 windows to provide ventilation. The five-storey building does not have steps to reach upper floors. Slopes connect the storeys and it is said that the Mahal was constructed to enable the Royal women of Rajput family to view the happenings in the city.

City Palace

    Once you are in Pink City, you will naturally be inclined to visiting City Palace, which is situated in Pink City. It was constructed by Sawai Jai Singh II between 1729 and 1732 AD. The palace complex comprises of Chandra Mahal and Mubarak Mahal. Now, Chandra Mahal has been converted into museum that houses exclusive handcrafted products and other products that depict the cultural heritage of the kingdom.

Amber Fort

    Also known as Amer Fort, it is located in Amer, which is around 11 kilometers from Jaipur. It was constructed by Raja Mansingh in the year 1592. It was later expanded by Raja Jai Singh I. The red sandstone and marble stone construction reflect a blend of Hindu-Muslim architecture. The main entrance faces east and there are three more entrances. There are four courtyards in Amber Palace. One of the courtyards has the Public Audience Hall, called the Diwan-I-Aam.

Jantar Mantar Observatory

    If you have any doubts about having to spend your time at an observatory on your tour, reconsider it. Jantar Mantar is not just like any other average observatory; it is ranked amongst the largest observatories of the world. Built during the period of Maharaja Jai Singh II, the astronomical observatory has the largest sundial of the world. Maharaja Jai Singh II had avid interest in various subjects including architecture, astronomy, philosophy and astronomy.

Dera Amer Elephant Safari

    Dera Amer situated behind the hills of the famous Amer Fort is the ideal location for outdoor recreational and adventure activities in very close proximity to the city of Jaipur.

Total Number Of Branches In Jaipur (1052)

STATE BANK OF BIKANER & JAIPUR (145 Branches)STATE BANK OF INDIA (112 Branches)ICICI BANK LTD (79 Branches)PUNJAB NATIONAL BANK (73 Branches)BANK OF BARODA (58 Branches)HDFC BANK (55 Branches)UCO BANK (51 Branches)BANK OF INDIA (42 Branches)UNION BANK OF INDIA (41 Branches)CANARA BANK (32 Branches)CENTRAL BANK OF INDIA (31 Branches)ORIENTAL BANK OF COMMERCE (28 Branches)SYNDICATE BANK (27 Branches)ALLAHABAD BANK (23 Branches)VIJAYA BANK (21 Branches)AXIS BANK (20 Branches)CORPORATION BANK (19 Branches)BANDHAN BANK LTD (17 Branches)ANDHRA BANK (17 Branches)INDUSIND BANK (17 Branches)KOTAK MAHINDRA BANK LTD (15 Branches)INDIAN OVERSEAS BANK (15 Branches)BANK OF MAHARASHTRA (15 Branches)IDBI BANK (14 Branches)DENA BANK (9 Branches)YES BANK (8 Branches)STATE BANK OF PATIALA (8 Branches)UNITED BANK OF INDIA (7 Branches)PUNJAB & SIND BANK (7 Branches)INDIAN BANK (6 Branches)FEDERAL BANK (4 Branches)THE NAINITAL BANK LTD (3 Branches)STATE BANK OF TRAVANCORE (2 Branches)STATE BANK OF MYSORE (2 Branches)STATE BANK OF HYDERABAD (2 Branches)ING VYSYA BANK (2 Branches)KARNATAKA BANK LTD (2 Branches)KARUR VYSYA BANK (1 Branches)JAMMU & KASHMIR BANK LTD (1 Branches)LAKSHMI VILAS BANK (1 Branches)DHANALAXMI BANK (1 Branches)HSBC BANK (1 Branches)BHARATIYA MAHILA BANK LTD (1 Branches)UCO BANK (1 Branches)STATE BANK OF INDIA (1 Branches)CORPORATION BANK (1 Branches)CATHOLIC SYRIAN BANK LTD (1 Branches)DCB BANK LTD (1 Branches)CITI BANK (1 Branches)CITY UNION BANK LTD (1 Branches)RBL Bank Limited (1 Branches)RESERVE BANK OF INDIA (1 Branches)SOUTH INDIAN BANK (1 Branches)STANDARD CHARTERED BANK (1 Branches)TAMILNAD MERCANTILE BANK LTD (1 Branches)THE AP MAHESH CO-OP BANK LTD (1 Branches)THE SHAMRAO VITHAL CO-OP BANK (1 Branches)STATE BANK OF INDIA (1 Branches)STATE BANK OF INDIA (1 Branches)STATE BANK OF INDIA (1 Branches)
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