HDFC Bank brings to you Loan Against Property (LAP). You can now take a loan against your residential or commercial property, to expand your business, plan a dream wedding, fund your child's education and much more.
You can depend on us to meet all your business requirements even to purchase a new shop or office for your business. Loan to purchase Commercial Property (LCP) is a specially designed product to help you expand your business without reducing the capital from your business.
Features and benefits of HDFC Loan Against Property:
|Interest Rates||10.00 - 12.00%|
|Max. Loan Amount||60% of Market Value|
|Min. Income||12000 P.M|
|Pre Payment Charges||Nil or 2.5%|
|Banks||up to 30 lacs||30-75 lacs||75 & above||Processing fees|
||10.35% - 12.35%||10.35% - 12.35%||10.35% - 12.35%||Up to 1.25% of the loan amount or Rs. 3,000 whichever is higher, plus applicable taxes.|
||10.65% - 11.65%||10.65% - 11.65%||10.65% - 11.65%||2.00% or Rs.50,000 Maximum|
||N.A||N.A||N.A||0.50% - 1.00% of the loan amount or Rs.2000 whichever is higher|
||11.60% - 12.25%||11.60% - 12.25%||11.60% - 12.25%||1% + Service tax as applicable|
||11.00% - 14.50%||11.00% - 14.50%||11.00% - 14.50%||Up to 1.50% of the loan amount + S. Tax as Applicable|
||13%||13%||13%||1% of the loan amount|
Documents Required for Loan Against Property HDFC:
Source: HDFC Official Website