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HDFC Bank Mortgage Loan in Hyderabad

Interest Rate starts from 10.25%

HDFC Bank Mortgage Loan Interest rates in Hyderabad

Please Find the Detailed HDFC Bank Mortgage Loan Interest Rates

50,00,000 Aboveupto To 50,00,000
Commercial Properties10.75%10.75%
Industrial Properties10.75%10.75%
Residential Properties10.25%10.25%

Loan To Value (LTV) For HDFC Bank Mortgage Loan in Hyderabad

Please Find the Detailed Margin Money Details For HDFC Bank Mortgage Loan
50,00,000 Aboveupto To 50,00,000
Commercial Properties65.00%60.00%
Industrial Properties55.00%50.00%
Residential Properties80.00%75.00%

Features of HDFC Bank Mortgage Loan Hyderabad

Type Features
Processing Fee1.0%
Pre Closure ChargesNon Individual - 2.5%
Part Payment ChargesAllowed
Min Tenure5 Years
Max Tenure15 Years
Min Age23 Years
Max Age60 Years
Min Loan AmountRs.15,00,000/-
Max Loan AmountRs.30,00,00,000/-

HDFC Bank Mortgage Loan Hyderabad 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/- Per Bounce
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 Mortgage Loan

  • 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)

HDFC Bank Mortgage Loan FAQ's

What Property can be considered as collateral for LAP?

You can provide your self-occupied Residential or Commercial property (Shops and Offices) as collateral.

Are there any additional charges for loan Pre-payment?

You may refer to the "Fees & Charges" option under the product "Loan Against Property" and "Loan Against Rental Receivables".

What are the fees & charges applicable?

You may refer to the "Fees & Charges" option under the product "Loan Against Property" and "Loan Against Rental Receivables".

Can I avail an Overdraft against my Property?

A Loan Against Property can be availed as a Term Loan with EMI repayments or as a Drop line Overdraft Facility.

What is the maximum tenure to repay the Loan Against Property?

A Loan Against Rent Receivables can be sanctioned for a minimum tenure of 12 months and a maximum tenure of 108 months. This however depends on the balance lease period and other parameters.

What is the maximum loan I can get against my Property?

You can get a Loan Against Property up to a maximum of 60%* of the market value of your property.

How do I apply for a Loan Against Property (LAP)?

"You can apply for a loan in the following ways: • Fill in the online application form and our representative will get in touch with you • Call one of our PhoneBanking numbers provided on the website • Visit your nearest branch • Our existing liability customers may also get in touch with their Relationship Managers/ Personal Bankers to know more and apply for LAP "

How can I make a request to foreclose my Loan Against Property account?

Kindly submit a written request to your nearest Retail Loan Service Centre to close your account. Our customer service desk will provide you with the necessary assistance.

What is PDC?

PDC stands for Post dated cheques. PDCs are collected for repayment of EMIs.

How much time will it take to decision an application for Loan Against Property?

Applications would be decisioned within 7 days, and in cases which involve customer availability for completing a field investigation or title search and valuation of a property, within 25 days.

How can I get my address changed in my loan account?

"In order to change your address in our records, you may visit the nearest Retail Loan Service Centerand submit the following documents: • Request form for Address Change. • Self Attested copy of your revised address proof along with the original address proof for validation. • In case a bearer submits the request on your behalf, a bearer authorisation along with KYC documents(self attested copy and original for validation) of the bearer, i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided. "

What will be done with the post dated cheques if I request to change the mode of repayment/ account for my loan?

Post Dated Cheques(PDCs)/Security Cheques submitted towards loan repayment that have not been encashed, will be defaced and retained by the Bank. In case, you wish to have your old Post Dated Cheques(PDCs)/ Security Cheques to be returned to you, kindly lodge a request at the Retail Loan Service Center or through PhoneBanking or write us an email at www.apnaloanbazaar.com within 45 days from the date of application of change in repayment instructions. In case, we do not hear from you within the stipulated period, the defaced cheques will be destroyed.

How can I change the mode of repayment/ account for my loan?

In the event that you wish to change the mode of repayment/bank account for your loan repayment, you may visit the nearest Retail Loan Service Center and submit your request with the revised account mandate/instructions.

What are the charges I have to pay to change the mode of repayment/ account for my loan?

A service charge of Rs.500 is applicable for changes in loan repayment instructions issued from non-HDFC Bank Account (ECS or PDC facility). A cheque/payorder/demand draft for Rs. 500 favouring "HDFC Bank Ltd Loan Account No. << >>" will be required along with the revised set of repayment instructions.

What are the charges I need to pay to foreclose my Loan Against Property?

In case you wish to foreclose your Loan Against Property, the foreclosure charges are applicable on the outstanding principal or Outstanding Limit as the case may be.(Pre-payment is allowed only after 6 months from the date of loan disbursement).

What are the charges I need to pay to foreclose my loan?

You may refer to the "Fees & Charges" option under the product "Loan Against Property" and "Loan Against Rental Receivables".

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

Mortgage Loan Can Be Used For Many Purposes Like Below

For Business Expansion

Accelerate the Business Growth

For Acquiring New Technology

For Construct a New Block

for setting up a new Factory

Setting up a new branch

To Pay off the other Loans

To Procure the More Stock

Things Keep In Mind While Avail a Mortgage Loan

A mortgage is actually made up of several parts – the collateral you used to secure the loan, your principal and interest payments and insurance.

Since most mortgages last 10 to 15 years of monthly payments, you should understand the how exactly it will works for you.

Type of Collateral You Are Offering

1) Residential Properties:
Properties are used for the residence purpose usually called as residential properties. Independent houses, flats, villas are commonly considered as residential properties. Financial institutions like these properties and offer more LTV (loan to value) offer to the borrower. Since at the time of loan default, residential properties are easy to liquidate in the market and recover the loan amount.
2) Commercial Properties
Properties using for commercial purpose called as commercial properties. Shopping malls, Market area properties and other properties which is located in commercial area is considered as commercial properties. After residential properties, banks will give preference to the commercial properties for loansanction to a borrower. Compare to residential properties, commercial properties are little difficult to liquidate in the market. Hence the LTV of the commercial properties are will in the range of 50%-60% of the property value.
3) Industrial Properties
Properties are located in the govt declared industrial area like SEZ, Industrial zone etc., and a property is having huge infrastructure setup like machinery, which can be used for the business trading, manufacturing or storage of goods considered as industrial properties. Industrial properties liquidity in the market is low, hence the banks provide LTV to these properties are 40%-50% based on the property amenities.

Principal And Interest

The principal is simply the sum of money you borrowed on mortgage.

Interest is what the lender charges you to use the money you borrowed, usually expressed as a percentage called the interest rate.

Principal and interest comprise your monthly payments in a process called amortization, which reduces your debt over a fixed period of time. With amortization, your monthly payments largely go toward paying off the interest in the early years, and gradually reduce the principal later on.

Factors That Affect your Loan Interest Rates

1) Type of Property offered as Mortgage:

Your property will decide the interest rate on your loan. A residential property will attract lesser rate of Interest compare to the Commercial and Industrial properties. Industrial properties will have comparatively higher rate of interest. This is due to the liquidity of the property, when default occurs.

2) Property Legal and Technical Clearance:

Banks will not finance all properties. Banks look into various aspects like locality, usage etc. Property must satisfied by the lender internal policies criteria. For example, sometimes commercial properties built by the borrower basis on the residential approvals from the govt authorities, however actual usage is for commercial purpose. This is a deviation from the lender perspective. These factors will have impact on your loan approvals.

3) Bank-Customer relationship:

If you approach the bank where you already have a bank account and you are a valued customer then banks may give you certain leeway. This mean you can negotiate with the bank for a cheaper interest rate. Most banks agree to give a concession of 0.5-1% on the interest rate.

4) Credit/CIBIL History:

If you have good credit/CIBIL record then banks will definitely award you with a better rate of interest. This means that if you have taken a loan previously and managed to pay it off without defaulting then you will have a high credit/CIBIL score. Apart from the loan the banks also take into account payment of your credit card bill record.

Expert Advice

Best Practices for Mortgage Loan

Try to get a mortgage first, if there are going to be multiple financial obligations popping up in the near future. If you are going to be applying for new credit cards, the inquiry alone can affect your credit score. This will affect your loan processing.
Search in the Market:Before applying the mortgage loan, search for the best lender as per your requirement such as low interest rate, maximum loan tenure and higher LTV etc., this can help you to avoid crucial time and money for the mortgage loan processing.
Get Clarified:Get Clarified on the all the mortgage terms and conditions before put up the application, few of the lender will provide additional option like “Nil Charges” for Pre/Part payments and few Lenders provide the top up on your existing loan based on the good loan track. Get this information clarified from your lender.
Make Timely Payments: Make timely payment on all current debt obligations, including any current mortgage, car, credit card and other bills on time, particularly around the months leading up to the time you get ready to apply for a mortgage. This will ensure that your credit score is at the best mark, scoring you an ideal loan!

Tell the Truth: It may seem unnecessary to be reminded of this, but be as thorough as possible on the loan application. An in-depth analysis of your history will take place during the loan process. Failing to report a debt or misrepresenting your income will raise red flags.
Maintain Your Credit Score: Make on-time payments and make sure your credit score is above average. For mortgage loan the optimum credit score is 720. If you doubt on your credit score, get it online and get rectified before applying for Mortgage Loan.
Be Prepare with the Property Documents: Make sure all the original documents and related link documents of the property to be available to you, this can help the loan processing faster. If anything is missing try to arrange the same before applying the loan. Since Mortgage loan process will happen only after the initial fee prescribed.

Continue to make your mortgage or rent payments on time.

Things not to do for Mortgage Loan

Don’t accept any mortgage documents until you are given a breakdown on costs associated with your mortgage and understand the terms of your loan.
Don’t assume that all mortgage products are the same.
Don’t borrow more than you can afford even if you qualify for more.
Don’t- Close or open any asset accounts or transfer funds between accounts without receiving the correct documentation required for your loan.
Don’t - Change your legal name if you are a self employed.
Don’t - Alter any documents in any way.
Don’t change the bank accounts or banks unless advised

Mortgage Loans Vs Lease Rental Discounting

Lease Rental Discounting Mortgage Loan
Lease Rental Discounting (LRD) will be based on the actual rental you are receiving on the property. Mortgage loans will be provided based on already owned property.
There is no restriction on LRD loan usage. It can be used for any purpose. There is no restriction on mortgage loan usage. It can be used for any purpose.
Lease Rental Discounting (LRD) will be provided for max of 10 years, However it depends on the rental agreement Tenure. Mortgage loans will be restricted to max of 10 years of term, which will be varying from bank to bank in India.
Interest rate will be very from 11.00% to max of 15.00% based on the bank to bank. Generally Lease Rental Discounting (LRD) will be fixed interest loans. Interest rate will be very from 10.5 % to max of 15% based on the bank to bank. Generally mortgage loans will be fixed interest loans.
The money received from the LRD will be used for any purpose. There is no end use restriction on the amount. 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.
Loan can be availed up to max of Rs. 20.0 Cr under Lease Rental Discounting (LRD). Mortgage Loans can be avail up to Rs. 30.0 Cr based on the type of property and its usage and value of property and eligibility of applicants as per banks norms.
There will be pre payment changes will be applicable for Lease Rental Discounting (LRD). This will be vary from 1% to 4% as per bank internal guidelines. 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 based on the internal policies of the banks for Lease Rental Discounting (LRD). Part/Prepayment will be allowed as per bank internal policies for Mortgage loans.
Lease Rental Discounting (LRD) eligibility depends on the type of tenant and credibility of tenant. Mortgage loans also avail with the joint eligibility as company and director or blood relatives.
Banks can consider 90% of the Lease Rental value as repayment for loan under the Lease Rental Discounting (LRD) . 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 Lease Rental Discounting (LRD). Top up facility will be varying from bank to bank internal guidelines.

About Hyderabad

Hyderabad city is the capital city of the Indian state of Andhra Pradesh, in the region of Telangana.

The city has an estimated population of around 8 million, making it 4th largest city in India, while the population of the metropolitan area was estimated above 9 million. Religiously and culturally, the city is united with Hindus, Muslims and Christians.

Hyderabad is an emerging information technology (or IT) and biotechnology hub of India. Hyderabad's many epithets include the City of Pearls, the City of Nawabs, the Biryani City and, because of its high-tech draw, Cyberabad.

Hyderabad has witnessed a remarkable growth in the real estate business. A number of mega malls have come up and are being built in the city. The rapid growth of the city, along with the growth of Secunderabad and neighbouring municipalities has resulted in a large metropolitan area.

Other Cities Loan Offers

Places To Be Visited In Hyderabad

Salar Jung Museum (12 km)

    The Salar Jung Museum in Hyderabad has a unique distinction as the third largest museum in India and earned a worldwide fame for its largest one-man collection of antiques. It is a home for the prized collections from different civilizations. The Museum is a royal treat for art collectors with its 43,000 art objects and 50,000 priceless books and manuscripts. The collections range from Indian Art, Middle Eastern Art, European Art, Far Eastern Art, Children Art etc.

Birla Mandir (5 Km)

    The sparkling white structure visible through skyline of modern Hyderabad, Birla Mandir is located towards the southern end of Hussain Sagar Lake in Hyderabad situated atop the Kala Pahad which is a twin hillock of Naubat Pahad. The Birlas had built this temple in 1976 with white marbles procured from Rajasthan. The temple is dedicated to Sri Venkateswara. The hillock is at a height of 280-feet situated on a 13-acre plot

Golconda Fort (15 Km)

    Golconda was the principal capital of the Qutub Shahi kings and a bustling centre for administration and commerce. This historical monument was constructed in the 1600’s. It was once considered to be home to a vault containing the ‘Hope’ and ‘Kohinoor’ diamonds. The inner fort has ruins of palaces, mosques and a hill top pavilion, which rises to more than 120 meters high and gives a bird’s eye view of other buildings. Golconda fort is undoubtedly one of most magnificent fortress complexes in India and it rests on a granite hill, considered an iconic monument depicting the history of Hyderabad.

Nehru Zoological Garden (24 km)

    Established in 1959, Considered to be among the best zoos in Asia, the Nehru Zoological Park is home to more than 1,500 species of birds, animals, and reptiles. The zoo hosts different species such as Indian Rhino, Bengal Tiger, Mynahs, African Elephants, White Peacocks, Chimpanzees,Rhinoceros and Python are some of the attractions that make the place unforgettable.

Charminar (13 km)

    Charminar is a monument and a mosque, which is synonymous with the history of Hyderabad, India. The majestic structure was completed in 1591 CE and is not only a landmark building of Hyderabad but also a famous monument of India. A must visit place for anyone who wants to treat his eyes to an architectural masterpiece, the ‘Charminar’ is shrouded by myths regarding the purpose behind its construction.

Hussain Sagar (3 km)

    Built by noted Sufi saint, Hazrat Syed Hussain Shah Wali in 1526, this lake is located across an area of 5.7 sq.Km. It receives its water supply from the Musi River. Boasting of some exotic surroundings, Hussain Sagar serves as the ideal location for a tranquilising evening with loved ones.

Lumbini Park (5 km)

    Maintained by the Buddha Purnima Project Authority as per the directives issued by the Telangana government is urban park was constructed in 1994. It is a dream come true for those willing to enjoy scenic beauty and that right in the heart of Hyderabad.

Jagannath Temple (10 km)

    You can add a spiritual/religious flavor to your trip by visiting the ‘Jagannath Temple’ which is located in the Banjara Hills. A replica of the original temple in Puri, this sacred monument serves as a fitting tribute to the Oriya community in the city.

Falaknuma Palace (16 km)

    Equipped with a lavish reception room and a library which has a roof carved from Walnut, the Falaknuma was once private property of the Nizam’s royal family. On the architectural front, it a blend of the Italian and Tudor styles. Interestingly, its last significant guest was Rajendra Prassad who visited the palace in the 1950’s.

Ramoji Film City (55 km)

    The brainchild of noted film producer Ramoji Rao, this celebrated facility was certified the world’s largest film studio complex in the world by the Guinness book of world records nearly two decades ago. A host of films have been shot here. A popular tourist attraction, it boasts of some impressive features such as a full-fledged amusement park.

Total Number Of Branches In Hyderabad (1875)

STATE BANK OF INDIA (224 Branches)STATE BANK OF HYDERABAD (168 Branches)ANDHRA BANK (162 Branches)HDFC BANK (114 Branches)SYNDICATE BANK (84 Branches)ICICI BANK LTD (79 Branches)CANARA BANK (79 Branches)AXIS BANK (61 Branches)KOTAK MAHINDRA BANK LTD (57 Branches)INDIAN OVERSEAS BANK (46 Branches)VIJAYA BANK (46 Branches)THE STATE CO-OP BANK LTD (45 Branches)CENTRAL BANK OF INDIA (45 Branches)PUNJAB NATIONAL BANK (43 Branches)UNION BANK OF INDIA (38 Branches)ING VYSYA BANK (38 Branches)INDIAN BANK (36 Branches)BANK OF INDIA (36 Branches)BANK OF BARODA (35 Branches)ORIENTAL BANK OF COMMERCE (34 Branches)THE AP MAHESH CO-OP BANK LTD (33 Branches)CORPORATION BANK (33 Branches)KARUR VYSYA BANK (29 Branches)ALLAHABAD BANK (27 Branches)YES BANK (24 Branches)UCO BANK (22 Branches)SOUTH INDIAN BANK (22 Branches)IDBI BANK (22 Branches)DENA BANK (17 Branches)LAKSHMI VILAS BANK (16 Branches)BANK OF MAHARASHTRA (15 Branches)INDUSIND BANK (12 Branches)CITY UNION BANK LTD (12 Branches)FEDERAL BANK (12 Branches)STATE BANK OF MYSORE (12 Branches)UNITED BANK OF INDIA (11 Branches)KARNATAKA BANK LTD (10 Branches)STATE BANK OF TRAVANCORE (9 Branches)DCB BANK LTD (8 Branches)STATE BANK OF BIKANER & JAIPUR (6 Branches)THE SHAMRAO VITHAL CO-OP BANK (6 Branches)TAMILNAD MERCANTILE BANK LTD (5 Branches)PUNJAB & SIND BANK (5 Branches)DHANALAXMI BANK (5 Branches)STATE BANK OF PATIALA (4 Branches)STANDARD CHARTERED BANK (3 Branches)JAMMU & KASHMIR BANK LTD (3 Branches)CATHOLIC SYRIAN BANK LTD (3 Branches)BANDHAN BANK LTD (3 Branches)LAKSHMI VILAS BANK (2 Branches)CITI BANK (2 Branches)BHARATIYA MAHILA BANK LTD (1 Branches)STATE BANK OF INDIA (1 Branches)STATE BANK OF MYSORE (1 Branches)B N P PARIBAS (1 Branches)BANK OF BAHARAIN & KUWAIT BSC (1 Branches)IDFC BANK LTD (1 Branches)HSBC BANK (1 Branches)RBL BANK LTD (1 Branches)RESERVE BANK OF INDIA (1 Branches)THE NASIK MER CO-OP BANK LTD (1 Branches)THE ROYAL BANK OF SCOTLAND N V (1 Branches)STATE BANK OF INDIA (1 Branches)
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