HDFC Bank Loan Against Property
Get up to 65% of the property’s value as a loan against property from HDFC Bank with HDFC mortgage loan interest rate starting at just 9.50% - 11.00% p.a. The loan amount can be used for all your personal and business needs and can be repaid within a maximum tenure of up to 15 years.
Apply for HDFC Bank Loan Against Property @ 9.50% Interest Rates
HDFC Bank Loan Against Property Details 2025
| Loan Amount | Up to 65% of the property’s market value |
|---|---|
| Rate of interest | 9.50% - 11.00% p.a. onwards |
| Tenure | Up to 15 Years |
| Age Limit | 18 - 70 Years |
| Processing fee | up to 1% of the loan amount + GST |
- HDFC offers competitive interest rates on loan against property
- The repayment tenure is long and flexible
- The amount provided is up to 65% of the market value of the pledged property
- Flexible repayment tenure
- Doorstep service
- No hidden charges
Note:
- HDFC Bank provides https://www.hdfcbank.com/ and the information mentioned on this page.
- HDFC Bank Important Links: https://www.hdfcbank.com/personal/useful-links/important-messages/product-features-and-policy
- HDFC Bank privacy policy: https://www.hdfcbank.com/personal/useful-links/privacy
HDFC Bank Loan Against Property Interest Rates
Below is the table for the current HDFC LAP interest rate:
| Property Type | Interest Rate |
|---|---|
| Loan Against Property (LAP) | 9.50% to 11% p.a. |
| Loan for Commercial Property (LCP) | 9.50% to 11% p.a. |
| Loan Against Rent Receivables (LARR) | 9.50% to 11% p.a. |
The HDFC Bank loan against property interest rate may vary from borrower to borrower, depending on their eligibility.
HDFC LAP Interest Rate for Salaried & Self-Employed Individuals
Recently, HDFC has shifted its benchmark rates for Loan Against Property(LAP), Loan Against Commercial Property(LCP), and Loan Against Rent Receivables( LARR) to Policy Repo Rate and they charge a spread of 3% to 4.5% over their Policy Repo rat,e which is 6.50% right now. This makes the cumulative lending rate in the range of 9.50% - 11.00%.
Compare Loan Against Property Interest Rates for Top Banks
| Name of the Lender | Interest Rate (% p.a.) |
|---|---|
| HDFC Bank | 9.50% - 11.00% |
| State Bank of India | 10.10% - 11.65% |
| IDFC First Bank | 9.00% - 20.00% |
| Federal Bank | 11.15% - 14.80% |
| Home First | 12.80% - 18.50% |
| Kotak Mahindra Bank | 9.50% - 10.50% |
| PNB Housing Finance | 9.24% - 12.45% |
| Bank of Baroda | 10.85% - 16.50% |
| L&T Housing Finance | 9.60% |
| LIC Housing Finance | 9.70% - 11.55% |
| Godrej Housing Finance | 9.75% onwards |
| ICICI Bank | 10.85% - 12.50% |
| Tata Capital | 10.10% |
| Bajaj Housing Finance | 9% - 14% |
| Axis Bank | 10.50% - 10.95% |
HDFC Bank Loan Against Property Fees and Charges
In addition to the HDFC Bank LAP loan interest rates of 9.50% - 11.00% p.a., HDFC Bank also levies the following fees and charges on its mortgage loan:
| Charges | Loan Against Property |
|---|---|
| Loan Processing Charges* | Up to 1% of the loan amount (minimum Rs. 7,500) |
| Prepayment Charges | |
| Adjustable-rate loan acquired by the borrowers for utilisation in business and related management | 2.5% of the outstanding amount of the loan. Nil, if paid in above 60 months after receiving the acquired amount. |
| The adjustable-rate loan is acquired by the borrowers for personal utilisation and not for any professional or business needs | Nil |
| Adjustable-rate loan acquired by MSMEs (Micro & Small Enterprises) and is being paid from your own source | Nil |
| Adjustable-rate loan acquired by MSMEs (Micro & Small Enterprises) and is being paid from borrowed sources. | 2% of the outstanding amount of the loan. Nil, if paid in above 60 months after receiving the acquired amount. |
| Adjustable-rate loan acquired by Non Individual borrowers* | · From 6 to 60 months of the transfer of the loan amount to the account: Up to 2.5% of the outstanding loan amount. · If paid in more than 60 months after receiving the acquired amount - Nil. |
| *Prepayment cannot be made until 6 months of repayment in the case of Non Individual borrowers. | |
| In case of partly prepayment done for the acquired loan |
|
| Other Charges | |
| Late EML payment | 18% p.a. on the overdue amount |
| Stamp Duty & other statutory charges | As per applicable laws of the state |
| Payment return charges | Rs. 450 |
| Amortization schedule charges | Rs. 50 per instance (schedule can be downloaded for free from website) |
| Repayment mode change charges | Rs. 500 |
| Legal/repossession & incidental charges | At actuals |
| Property document retention charges | Rs. 1,000 for every month for the first 2 months |
| Revision in spread | 0.1% of the outstanding loan amount or Rs. 5,000 (whichever is higher) |
| Penal interest for not complying with submission of deferral documents | 2% p.m. on principal outstanding (maximum Rs. 50,000) |
| CERSAI charges | Rs. 500/ property |
| Property swapping/ partial property release | 0.1% of the loan amount (minimum Rs. 10,000 & maximum Rs. 25,000) |
| Document retrieval charges post disbursement | Rs. 75 per document set |
Furthermore, a quick takeaway is that the above charges are selective of duties and legal tolls as appropriate every once in a while. The above charges are the maximum ranges of their categories. The bank maintains all authority to defer any of the above charges every once in a while with due implication to the client. Changed Charges will be conveyed to the client through the Bank's website or by any other credible and acceptable method of correspondence.
Features and Benefits of HDFC Loan Against Property
Some key features and benefits of opting HDFC Loan Against Property include:
Significant monetary assistance
With a value that goes up to 65% of the market value of your property, you can immediately receive a significant amount of money to fulfill your current requirements without breaking a sweat. The amount is made available at a lower interest rate as compared to other sorts of loans and for a longer tenure, making repayments a smooth process.
Meet your needs
You can place your residential or commercial land as collateral and use the money that you'll receive for various strategic financial growth at both personal and professional levels. There is no end to the utilisation of this kind of amount that will result in your improved quality of life when used wisely.
Convenient repayment
The HDFC Loan Against Property interest rates are highly competitive with the current market trends and makes the entire process of repayment convenient with low EMIs, or Dropline Overdraft Facility.
Seamless and clear processing
You can check all kinds of charges and rates on your loan beforehand and calculate the EMIs for the entire period. With everything laid on the table at the time of processing itself and no hidden charges or surprises saved for later, you can plan the blueprint of your finances easily.
Effective assistance
HDFC offers a doorstep service of getting an expert to assist you with the loan, help you with the application process, and make the transaction quick and smooth. All of this, made available at your convenience and disposal.
Moreover, if you want to apply for a personal loan or want to open a savings account the HDFC Bank video KYC process will be helpful to verify the customer’s identity digitally.
Furthermore, there are considerable benefits for Self-employed individuals with HDFC's specially tailored plans and deals in the programme with its easy debt consolidation tool.
Eligibility Criteria for HDFC Bank Loan Against Property
HDFC Loan Against Property eligibility is made pretty simple and straightforward. Here's what you need to know:
- Status - Salaried/employed, or Self-employed/entrepreneur
- Age - Should be between 20 years to 60 years for salaried individuals and 25 years to 65 years for self-employed individuals.
- Monthly income - Needs to be at a minimum of Rs. 25,000.
If you meet the above eligibility criteria, you can avail of the best HDFC Bank mortgage loan interest rate offer.
Documents Required for HDFC Bank Loan Against Property
Here is a list of HDFC loan against property documents required for both categories of individuals:
Documents needed from Salaried/employed Borrower
- Address Proof, documents valid - Ration Card, Telephone Bill, Aadhar card, Electricity Bill or Voter's ID Card
- ID Proof, documents needed - Voter's Card, Driver's License, Aadhaar card, PAN Card
- Bank statement/passbook record of the last six months
- Income slip of the last six months
- Form 16 from the current organisation for the previous two years.
- Valid and legal ownership documents of the Property being pledged.
Documents needed from Salaried/employed Borrower
- Address Proof, documents valid - Ration Card, Telephone Bill, Aadhar card, Electricity Bill, or Voter's ID Card
- ID Proof, documents needed - Voter's Card, Driver's License, Aadhaar card, PAN Card
- Certified income statement of the last three years
- Bank statement/passbook record of the last six months
- Valid and legal ownership documents of the Property being pledged.
To get a loan against property without income proof, HDFC Bank is not possible. Hence, you must submit the list of documents mentioned above to apply for a loan against property with HDFC.
Types of HDFC Loan Against Property
The three types of HDFC mortgage loans that you can consider are:
1. HDFC Loan Against Property Standard Rate Loan
Also known as the fixed interest rate made available at the time of applying. Here, basis the trends of the market, you can opt for a fixed rate of interest on your loan and plan the EMI for the entire period beforehand. These rates are generally higher than the adjustable rates to comply with the anticipated fluctuations in the market over the period of the loan taken.
2. HDFC Loan Against Property Adjustable-Rate Loan
Adjustable rates are the floating interest rates that are in higher preference, given that there is a larger possibility that you end up paying a lesser amount of total EMI as compared to the fixed rate. Here, the only inconvenience is in the instability of the market and its effects on your monthly EMI whenever the floating rates go higher.
3. HDFC Loan Against Property TruFixed Loan – 2 Year Fixed Rate Variant
HDFC has introduced a special category of loan, where you can opt for a fixed interest rate for 2 years with automatic conversion to an adjustable rate after the tenure is over. It will be connected to the date of the primary payment. This saves you from the trouble of going through the charges and procedure of changing the rates while also understanding and planning your expenses in the given two years.
HDFC Loan Against Property EMI Calculator
On understanding the amount of loan needed from your end and the rate of interest given by the Bank, you now need to settle on a repayment tenure to calculate your EMI.
EMI is derived from the input of the following information:
- Loan Amount
- Interest Rate
- Repayment Tenure
To further break down the HDFC EMI Loan Against Property at various rates and residency, you can enter the exact above-mentioned values in the Loan Against Property EMI Calculator, and get an immediate crunch value that you'll need to pay moving forward with the loan.
The table below shows the HDFC EMI estimation at the different blends of loan amounts and a longer tenure at the most reduced rate of 9.50% - 11.00%.
EMI Based on Loan Amount & Tenure
| Loan Amount (Rs.) | 10 Years | 15 Years | 20 Years |
| 15,00,000/- | Rs. 19,410 | Rs. 15,663 | Rs. 13,982 |
| 25,00,000/- | Rs. 32,349 | Rs. 26,106 | Rs. 23,303 |
| 40,00,000/- | Rs. 51,759 | Rs. 41,769 | Rs. 37,285 |
| 60,00,000/- | Rs. 77,639 | Rs. 62,653 | Rs. 55,928 |
The above table is a further demonstration of how to fix the amount against a certain tenure of time basis for your monthly stability and scope.
You can also use the HDFC Loan Against Property EMI Calculator to find out how much you will save on interest and how it affects your Loan EMI.
HDFC Loan Against Property Customer Care
Check out the HDFC website and avail the best offers and competitive rates on your loans. You can also get an expert to visit your house for personalized assistance and an understanding of the deal you are getting into.
Schedule your appointment by simply giving a missed call on +91 9289200017
FAQs
To apply for a loan, you can visit your nearby branch or call a loan expert at your doorstep for personalised assistance and ease of communication. Now with the facility of shifting virtually to pretty much every interaction of life, you can apply for HDFC Loan against property through online mode by visiting their official website. The target here is to additionally improve on the whole method and move beyond the traditional methodology that often causes unnecessary delays. Follow a few simple steps and get your loan within 15 days.
The processing fee of HDFC Bank Loan Against Property sums up to a maxim of 1% of the overall loan amount.
The rate of interest of HDFC Bank Loan Against Property starts from 9.50% - 11.00% on loans taken for both residential and commercial properties.
The only variable factor that you have control over is your income statement. Being a salaried individual, make sure that while applying for the loan, you have been an employee of your current organization for over a period of two years with a stable growth chart. The more years and improvement in growth, the better is your eligibility. Being a self-employed individual, you can assure a stable income and a rising chart in the cash flow statement of your business to avail credibility and benefits while applying for the loan.
Currently, HDFC offers a maximum repayment tenure of 15 years. Before applying for the tenure, check your amount’s monthly division in the current rate of interest to have a better understanding of your breakdown. The basis that a decision on the tenure can be made. Always remember, the longer the tenure is, the lower is the EMI. However, you certainly end up paying more interest.
Yes, it is indeed a very smooth and trouble-free facility that HDFC has, allowing you to transfer your Loan Against Property from any other bank to theirs. This is partly why most of the banks go out of their way to ensure the levels of their customer satisfaction. In case you are unsatisfied with your current Bank where the loan has been taken from, you can make a transfer to HDFC, where you'll have to pay lower EMIs and save more money.
EMI is your monthly repayment value or instalment that you are required to pay to the bank as a reimbursement for the amount of loan taken spread over a fixed period of time. The decision of the amount of the loan taken and the tenure you choose to repay it to the bank largely are the two parameters that determine your EMI on the given rate of interest at that period of time. HDFC’s EMI calculator takes all these pointers into consideration and gives you an exact figure that you need to allocate on a monthly basis. Once you know the exact amount of funds needed, make sure you check your EMI on the calculator and make an informed decision regarding your tenure.
A Loan Against Property (LAP) is a secured loan acquired from the banks. LAP is an advance given against Property, being a literal translation of its name. It serves as the guarantee to the lender for the duly repayment of the amount they dispense. In case of any default in the payment, they hold complete rights over the Property pledged and can sell the same to get back the amount due.
It is nothing but a contract of your property against the required loan amount. The credit sum dispensed depends on the worth of the property. Contingent upon different standards, the credit value can be estimated at the 60% market value of the property put as collateral at that given point of time.
Yes, HDFC enables you to pre-close your loan against a property account. However, the charges for the same are variable depending on the following factors:
- Adjusting loan rate: Prepayment charges are nil for individual borrowers. For Non-individual borrowers, 2% of the amount being prepaid is applicable within the first six months of the loan. In case of prepayment after six months, you have the option of depositing up to 25% of the principal value with no charges. In case the prepayment amount holds a value of above 25%, then the charges shall be applicable on the entire amount that is being transferred under prepayment and not only on the amount over said 25%.
- Standard loan rate: Prepayment charges are zero if the same is being done through your funds. In case of the prepayment being arranged from borrowed funds, a fee of 2% on the outstanding amount is applicable for individual borrowers. For non-individual borrowers, the terms are the same as the Floating Interest Rate's terms and conditions.
Yes, under the Income-tax Act, 1961, you will be eligible for the tax benefits and get a rebate on your final tax amount. The benefits may vary each year depending on the loan policies and the market trends; hence, it is advised to consult a specialist about these benefits each year.
LAP rate of interest HDFC ranges from 9.50% - 11.00% per annum.
Currently, HDFC Bank, SBI, ICICI, Kotak Mahindra Bank, and PNB Housing Finance are some of the best banks for loans against property.
Currently, the HDFC mortgage loan rate of interest varies between 9.50% - 11.00% p.a.
- Status: Salaried as well as self-employed/entrepreneur can apply.
- Age: Between 20 years to 60 years for salaried individuals and 25 years to 65 years for self-employed individuals.
- Monthly income: Minimum Rs. 25,000.
HDFC mortgage loan interest rate 2025 ranges from 9.50% - 11.00% p.a.
Currently, the HDFC home loan rate of interest varies between 8.45% - 9.30% p.a.