HDFC Bank Mortgage Loan

Interest Rate starts from 10.55%
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Mortgage Loan From HDFC Bank

Possessing a valuable property that can be mortgaged for your needs? Check out the Mortgage Loan offers from ApnaLoanBazaar provided by various bank across India and enjoy our support till the Loan closure.

Interest Rate starts from
10.55 * %
Processing Fee
7,500
Loan Tenure
Upto 15 Years
Guarantor Requirement
Allowed
Part-Payment
Allowed
Pre-Closure Charges
2.0 * %

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.

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 India's Best Bank, 2016 - KPMG
HDFC Bank wins NPCI National Payments Excellence Awards, 2015
Excellence in Customer Experience by IDC Insights Award 2015

FAQs About HDFC Bank Mortgage Loans

What Property can be considered as collateral for LAP?
  • You can provide your self-occupied Residential or Commercial property (Shops and Offices) as collateral.a
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?

    You can apply for a loan in the following ways:

  • 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 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.

Required Documentation For Salaried Persons

  • 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

Required Documentation For Self Employed/Professionals.

  • 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

Identity Proof For Mortgage Loan

  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification 

Age Proof For Mortgage Loan

  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)

Address Proof For Mortgage Loan

  • 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) 

Income Proof For Mortgage Loan

  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Job Continuity Proof For Mortgage Loan

  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

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
Interest Rates
Expert Advice
Mortgage Loans Vs Lease Rental Discounting