HDFC Bank, a trusted financial brand with nationwide reach, offers Loan Against Property starting at 8.55% p.a. for amounts up to 65% of property value with tenures of up to 15 years. Designed for both salaried and self-employed individuals, it provides funds for personal or business needs with a customer-first approach and transparent process.
HDFC Loan Against Property – Key Highlights
| Feature | Details |
|---|---|
| Interest Rate | 8.55% – 13.00% p.a. (Floating) 11.80% – 13.30% p.a. (Fixed) |
| Loan Amount | Up to 65% of property value |
| Tenure | Up to 15 years |
| Processing Fee | Up to 1% of loan amount (minimum ₹7,500) |
| Total Amount to be Paid | ₹92,50,000 (Assuming ₹50 lakh loan at 9% p.a. for 15 years) |
HDFC Loan Against Property Interest Rates
HDFC Bank offers two types of interest rates on Loan Against Property – Floating Rate and Fixed Rate. Borrowers have the freedom to pick options that suit their repayment style and comfort with risk.
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Floating Interest Rate: Changes with market conditions (linked to benchmark rates). Can be lower initially but may increase later.
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Fixed Interest Rate: Stays unchanged for the entire loan duration. Provides repayment stability, though it is usually a bit higher than floating rates.
Although HDFC Bank has not specified differential rates based on credit score, occupation, or income profile, most lenders typically factor these in when determining final loan pricing.
📊 HDFC Loan Against Property Interest Rates
| Type of Interest Rate | Minimum Rate | Maximum Rate |
|---|---|---|
| Floating | 8.55% p.a. | 13.00% p.a. |
| Fixed | 11.80% p.a. | 13.30% p.a. |
Compare Interest Rates on Loan Against Property for Top Banks & HFCs
| Name of the Lender | Interest Rate (% p.a.) | Apply |
|---|---|---|
| State Bank of India (SBI) | 9.20% – 10.50% | Apply Now |
| Bank of Baroda | 10.85% – 18.35% | Apply Now |
| PNB Housing Finance | 9.25% – 15.00% | Apply Now |
| IDFC First Bank | 9.00% – 16.50% | Apply Now |
| HDFC Bank Limited | 9.50% – 11.00% | Apply Now |
| L&T Housing Finance | 9.50% onwards | Apply Now |
| LIC Housing Finance | 9.50% – 11.55% | Apply Now |
| Godrej Housing Finance | 9.75% onwards | Apply Now |
| ICICI Bank | 10.85% – 12.50% | Apply Now |
| Tata Capital | 9.00% onwards | Apply Now |
| Axis Bank | 10.50% – 10.95% | Apply Now |
| Punjab National Bank (PNB) | 10.15% – 14.00% | Apply Now |
HDFC Bank Loan Against Property: Applicable Fees & Charges
| Particulars | Charges |
|---|---|
| Processing Charges | Up to 1% of the loan amount (minimum ₹7,500) |
| Prepayment Charges | • NIL, if prepaid amount ≤ 25% of principal • 2.5% of the prepaid sum, applicable when repayment exceeds 25% of the principal. • NIL for floating rate term loan by individuals (for non-business purposes) |
| Delayed Instalment Payment Charge | 18% p.a. + applicable taxes on overdue amount |
| Document Retrieval Charges (Post Disbursement) | ₹75 per document set |
| Property Swapping / Partial Property Release | 0.1% of loan amount (Min ₹10,000; Max ₹25,000 per property) |
| Conversion Charges (Floating → Fixed Rate) | Up to ₹3,000 |
| CERSAI Charges | ₹100 per property |
| Legal/Repossession & Incidental Charges | At actuals |
Documents Required for HDFC Loan Against Property
For Salaried Applicants
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Valid ID proof (Voter ID, Employer ID, etc.)
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Address proof (Ration Card, Electricity/Telephone Bill, Voter ID, etc.)
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Last 6 months’ salary slips & Form 16 for previous 2 years
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Bank statements/passbook of last 6 months (showing salary credit)
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Complete property ownership documents
For Self-Employed Professionals
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Valid ID proof (Voter ID, Employer ID, etc.)
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Address proof (Ration Card, Utility Bill, Voter ID, etc.)
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Audited financial statements of last 3 years
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Bank statements/passbook of last 6 months (showing income credit)
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Complete property ownership documents
Additional (For Loan Against Rent Receivables)
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Copy of registered Rent/Lease Agreement
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Bank statements of last 12 months showing rent credits.
FAQs on HDFC Bank Loan Against Property
Q1. What is the current interest rate for HDFC Loan Against Property?
HDFC Bank provides floating interest rates ranging from 8.55% to 13.00% per annum.. The exact rate depends on your profile, property, and loan amount.Q2. How much loan can I get against my property from HDFC?
You can avail up to 65% of your property’s market value as a loan. The sanctioned loan amount is determined by factors such as your income, repayment ability, and the type of propertyQ3. What is the maximum repayment tenure available?
HDFC provides a repayment tenure of up to 15 years for its Loan Against Property. If it’s against rental income, the tenure can go up to 9 years.Q4. How can I apply for HDFC Loan Against Property?
You can apply online via HDFC’s official website, through partner platforms, or by simply visiting your nearest HDFC branch.Q5. Can self-employed and salaried both apply?
Yes. Both salaried individuals and self-employed professionals/business owners can apply, provided they meet the eligibility and submit required documents.Conclusion
State Bank of India (SBI) stands out as a dependable option for a Loan Against Property, with attractive interest rates, flexible repayment terms, and the assurance of a strong nationwide presence. By collaborating with CreditCares, applicants gain access to expert guidance, faster approvals, and tailored solutions designed to maximize loan eligibility.
Whether you’re looking to fund business expansion, education, or personal goals, SBI’s Loan Against Property provides a smart, cost-effective way to unlock the value of your property while retaining ownership.
Make your property work for you—apply for SBI Loan Against Property through CreditCares and secure the best deal today.
