Get up to 65% of the value of your property as a loan to meet your planned needs - family marriage, home renovation, children's education, investment in business etc. Loan Against HDFC Bank Property is given at attractive interest rates. ,
₹
500000
36
months
10
%
Monthly EMI
₹
₹ 32,124.56
Total Interest
₹
10,622.78
Principal Amount
₹
500000
Payable Amount
₹
160,622.78
| Pay No. |
Begining Balance | EMI | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|
| 1 | 150000.00 | 32124.56 | 28637.06 | 3487.50 | 121362.94 |
| 2 | 121362.94 | 32124.56 | 29302.87 | 2821.69 | 92060.07 |
| 3 | 92060.07 | 32124.56 | 29984.16 | 2140.40 | 62075.91 |
| 4 | 62075.91 | 32124.56 | 30681.30 | 1443.26 | 31394.61 |
| 5 | 31394.61 | 32124.56 | 31394.64 | 729.92 | -0.03 |
Get a loan of up to 65% of the market value of the property. Our higher loan amount also comes with longer repayment tenure, all at attractive interest rates.
Both residential and commercial properties* are accepted as collateral, and funds received from HDFC Bank Loan Against Property can be used for various personal or business needs.
With competitive interest rates, you can easily repay your loan with lower EMIs, or opt for our dropline overdraft facility.
All our charges are disclosed up front at the time of processing the loan. No hidden charges or charges.
With our doorstep service, your HDFC Bank Loan Against Property will be processed quickly and easily.
A copy of any of the following as proof of residence:
A copy of any of the following as proof of identity:
Latest bank statement/passbook from where you can show salary/income deposited for last 6 months
Salary slip for the last 6 months showing all deductions
Form 16 for last 2 years
Copies of all property documents of the property concerned to be pledged for the loan
Basically, the bank looks at your repayment capacity. For calculating the loan amount, your income, age, eligibility, number of dependents, income of spouse, assets, liabilities, stability and business continuity and savings history are taken into consideration. However, the loan eligibility generally does not exceed 60 per cent of the market value of the property.
You can include your spouse as a co-applicant and as a result more amount is borrowed. However, if the property is co-owned, all the co-owners must mandatorily be co-applicants.
The processing fee for a loan against any property varies from bank to bank and is generally around 1 percent.
Interest is calculated on the daily decreasing balance. Your monthly out-go (Equated Monthly Installment - EMI) is very less as compared to the interest on the annual reducing balance.
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