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HDFC Bank Limited – Current Loan Against Property Interest Rates



HDFC Bank Limited – Current Interest Rates for Loan Against Mortgage of Immovable Property

New Delhi (Delhi, India), September 12, 2017

HDFC Bank Limited Cuts Loan Against Property Interest Rate to 10.10% Per Annum

The HDFC Bank Limited has decreased its loan against property interest rates by 0.75 percent, or 75 basis points with effect from Saturday, January 07, 2017.

HDFC Bank Ltd has revised its minimum loan against property interest rate from 10.85 percent to 10.10 percent per annum (MCLR-1Year + 1.95%) for the self-occupied residential property.

The loan against property interest rate of HDFC Bank Ltd is benchmarked or linked to its One-Year MCLR (Marginal Cost of Funds based Lending Rate). HDFC Bank Limited’s current One-Year MCLR, which is called MCLR-1Y, is 8.15 percent per annum with effect from Saturday, January 07, 2017.

HDFC Bank Limited’s current interest rate cut will reduce the cost of funds for those people who want to avail loan against mortgage of their immovable property.

HDFC Bank Ltd Property Finance – Current Loan Against Property Interest Rates for Various Category of Properties

HDFC Bank Loan Against Mortgage of Self-Occupied Residential Property Interest Rate:
10.10% Per Annum

HDFC Bank Loan Against Mortgage of Non Self-Occupied Residential Property Interest Rate:
10.10% Per Annum

HDFC Bank Loan Against Mortgage of Commercial Property Interest Rate:
10.60% Per Annum

HDFC Bank Loan Against Property for Purchase of Commercial Property Interest Rate:
10.60% Per Annum

HDFC Bank Loan Against Property for Reverse Mortgage Interest Rate:
10.35% Per Annum

HDFC Bank Loan Against Property for Lease Rental Discounting Interest Rate:
9.85% Per Annum

HDFC Bank Loan Against Property for Overdraft Facility Against Residential Property Interest Rate:
10.60% Per Annum



HDFC Bank Loan Against Property for Overdraft Facility Against Commercial Property Interest Rate:
11.10% Per Annum

HDFC Bank Loan Against Property Minimum Borrowing Amount:
Minimum Loan Against Property Amount is Rs. 2,00,000

HDFC Bank Loan Against Property Maximum Borrowing Amount:
Maximum Loan Against Property Amount is Rs. 5,00,00,000

HDFC Bank Loan Against Property Rate of Interest is Floating or Fixed:
Floating Rate of Interest (Reset Period 1 Year)

Minimum Age Limit for Getting the HDFC Bank Loan Against Property Sanctioned:
Minimum Age 24 Years at the Time of Loan Commencement

Maximum Age Limit for Getting the HDFC Bank Loan Against Property Sanctioned:
Maximum Age 60 Years for Salaried Applicants and 65 Years for Self-Employed Applicants at the Time of Loan Maturity

Minimum Tenure for the HDFC Bank Loan Against Property:
Minimum Home Loan Tenure is 3 Years (36 Months)

Maximum Tenure for the HDFC Bank Loan Against Property:
Maximum Home Loan Tenure is 15 Years (180 Months)

HDFC Bank Loan Against Mortgage of Immovable Property Processing Fee and Documentation Charges:
1.00% of the Loan Amount (Minimum Rs. 7,500 plus GST)

Charges for HDFC Bank Loan Against Property EMI Late Payment:
Minimum 2% Per Month of the HDFC Bank Loan EMI Outstanding Amount (Minimum Rs. 500 plus GST)

HDFC Bank Loan Against Property Pre Closure Charges or Prepayment Penalty:
2.50% of the Foreclosed Amount plus GST

HDFC Bank Loan Against Property EMI Cheque, SI, or ECS Bounce Charges:
Rs. 500 plus GST

Different Options for Making HDFC Bank Loan Against Property EMI Payments:
The four options for making EMI payments are Internet Banking, Standing Instruction (SI), Electronic Clearing Service (ECS), or Post-Dated Cheques (PDCs)

Guarantor Requirement for the HDFC Bank Loan Against Property:
No Guarantor is Required

HDFC Bank Loan Against Property Margin Amount:
Minimum 20% to 30% for Purchase of Commercial Property
Minimum 40% to 50% for Loan Against Residential or Commercial Property

HDFC Bank Limited – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of HDFC Bank Limited


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