HDFC Loan Against Property (Mortgage Loan)

Benefits of HDFC Bank Loan Against Property

A borrower can avail the following benefits with an HDFC Bank Loan against Property (Mortgage Loan):

1. The amount received as loan against property can be used for funding personal as well as business needs.
2. You can choose your repayment options as per your convenience. You can repay via Dropline Overdraft Facility or Equated Monthly Installments.
3. The bank offers higher loan amount with lower monthly EMIs.

Documents required for HDFC Loan Against Property

The following documents are required for salaried and self-employed individuals:

For Salaried individuals

1. Proof of Residence ( Any one of the following documents will do - Ration Card , Telephone Bill, Electricity Bill or Voter's ID Card)
2. Proof of Identity – ( Voter's Card, Driver's License or Employer's – any of the following documents will be accepted )
3. Bank Statement / Passbook of last 6 months.
4. Salary slip of last 6 months.
5. Form 16 for previous 2 years.
6. Legal documents of the concerned property.

For Self-employed individuals

1. Certified financial statement of last 3 years.
2. Proof of Residence – (Ration Card, Telephone Bill, Electricity Bill and Voters Card – any of the documents will do).
3. Proof of Identity - Voter's Card , Driver's License and Employer's Card - either of them will do)
4. Latest Bank Statement or Passbook.
5. Copies of all property documents which you want to use as collateral.

HDFC Bank Loan Against Property Interest Rate

HDFC Bank charges the following rats of interest on loan against property:

The bank charges a processing fees of 1% of the total loan amount. The above-mentioned interest rates charged on loans against property are subject to change without giving any prior notification.

HDFC Bank Loan Against Property Eligibility

The eligibility criteria for HDFC Bank Loan against Property include:

1. Salaried professionals working in government or private organizations are eligible.
2. Self-employed individuals engaged in different business activities. The bank offers exclusive offers and schemes for self-employed professionals.

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