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Loan Against Property Offers

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Overview

By using your property as collateral to obtain funds, a Loan Against Property (LAP) enables you to access the value of your asset. LAP can be a good financial option because of its advantages, which include flexible repayment plans and low interest rates. Lenders usually look at things like your income, credit score, and property value to determine your eligibility.
During the application process, you must submit the required paperwork, have your property assessed, and get the lender's approval. Receive a loan of up to 65% of the value of your property to cover anticipated expenses such as business investments, home improvements, real estate purchases, family weddings, children's schooling, and so forth. Loans secured by real estate are available from HDFC Bank at competitive interest rates.

Features And Benefits Of Loan Against Property

High Loan Amounts

Get a loan worth up to 65% of the market value of the property. Our high loan amounts also come with longer repayment tenures, all at attractive interest rates.

Loan Against Rent Receivables (LARR)

Get up to 50% of the value of your commercial property as loan against rental receivables
The amount depends on net rentals, the balance of the tenure of rental agreement and other factors

Fulfil Your Every Need

Both residential and commercial properties* are accepted as collateral, and the money from the HDFC Bank Loan Against Property can be used for a variety of personal or business needs.


*Conditions Apply

Easy Repayment Options

With competitive interest rates, you can easily repay your loan in low EMIs, or choose our Dropline Overdraft Facility.

Loan Eligibility

  • Salaried Individuals
  • Self Employed

Loan Documents

  • A copy of any of the following as proof of residence:
  • Ration Card
  • Telephone Bill
  • Electricity Bill
  • Voter's ID Card
  • A copy of any of the following as proof of identity:
  • Voter's ID Card
  • Employer's Card
  • Latest Bank Statement/Passbook from where you can show a salary/income being credited for the previous 6 months
  • Salary slip for the previous 6 months showing all deductions Form 16 for the previous 2 years
  • Copies of all the property documents of the concerned property to be pledged for the loan

How To Apply

1
Check Your Eligibility

You must be between 21 and 65 years of age. You should have a stable source of income (salaried or self-employed). You must own a residential or commercial property that can be mortgaged. A good credit score (preferably 700 or above) increases your approval chances.

2

Compare Loan Offers:

Research and compare mortgage loan offers from leading banks and NBFCs. Consider factors like:

Interest rates

Loan tenure

Processing fees

Loan-to-value (LTV) ratio

Prepayment and foreclosure terms

3

Prepare Required Documents:

Keep the necessary documents ready, including:

Identity and address proof (Aadhaar, PAN, Passport)
Income proof (salary slips, bank statements, ITRs)
Property documents (ownership papers, title deed, NOC, etc.)
Business proof (for self-employed applicants)

FAQ's

A Loan Against Property is a secured loan where you mortgage your residential, commercial, or industrial property to avail funds from a bank or financial institution. The funds can be used for personal, business, or educational purposes.

Most lenders offer up to 60% to 75% of the current market value of the property, depending on the type and location of the property, your income, and credit history.

Interest rates typically range between 8.5% to 13.5% per annum, varying by lender, borrower profile, and loan tenure.

Repayment tenure ranges from 5 years to 20 years, depending on the lender and your repayment capacity.

For individuals with floating-rate LAP, most banks/NBFCs do not charge prepayment/foreclosure fees. For fixed-rate LAP or non-individual borrowers, fees may apply.

Loan Offers

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AU Small

Loan Up To

Rs.5000000

Min ROI

10.50%

Max Tenure

90 MNTH
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