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||8.50% - 9.00%|
|Max. Loan Amount||60% of Market Value|
|Min. Income||12000 P.M|
|Pre Payment Charges||Nil or 2.5%|
|Processing Fee||Maximum of 1% of loan amount (* Minimum PF of Rs.7500/-)|
|Banks||up to 30 lacs||30-75 lacs||75 & above||Processing fees|
||8.50% to 9.00%||9.75% - 10.50%||9.75% - 10.50%||Maximum of 1% of loan amount|
||8.45% - 9.50%||9.45% - 11.00%||9.45% - 11.00%||1.00% or Rs.50,000 Maximum|
||8.35% - 9.25%||11.35%||11.35%||1.00 % + AT*|
||10.50% - 11.25%||11.00% - 12.10%||11.00% - 12.10%||1% or Rs 10,000 (whichever is higher)|
Documents Required for Loan Against Property HDFC:
Source: HDFC Official Website