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HDFC Bank Limited – Current Loan Against Securities Interest Rates



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

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

HDFC Bank Limited Cuts Loan Against Securities Interest Rate to 8.15% Per Annum

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

HDFC Bank Limited has revised its minimum loan against securities interest rate from 8.90 percent to 8.15 percent per annum (MCLR-1Year + 0.00%) for the loan against mortgage of securities.

The home loan interest rate of HDFC Bank is benchmarked or linked to its One-Year MCLR (Marginal Cost of Funds based Lending Rate). HDFC Bank’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 securities.

Securities Eligible for HDFC Bank Loan Against Securities

– Approved List of Demat Shares
– Approved List of Mutual Fund Units
– Fixed Maturity Plans (FMP)
– Exchange Traded Funds (ETF)
– Life Insurance Policies
– Savings Bonds
– Kisan Vikas Patra (KVP)
– National Savings Certificate (NSC)

HDFC Bank Limited – Current Loan Against Mortgage of Securities Interest Rates

HDFC Bank Loan Against Mortgage of Securities Interest Rate:
8.15% to 12.00% Per Annum (Interest levied on a daily reducing balance)

HDFC Bank Loan Against Mortgage of Equity Shares Interest Rate:
8.25% to 12.85% Per Annum

HDFC Bank Loan Against Mortgage of Securities Rate of Interest is Floating or Fixed:
Fixed Rate of Interest



Quantum of HDFC Bank Loan Against Mortgage of Securities:
Up to 80% of the Market Value of the Securities

HDFC Bank Loan Against Mortgage of Securities Minimum Borrowing Limit:
Minimum Loan Amount is Rs. 100,000

HDFC Bank Loan Against Mortgage of Securities Maximum Borrowing Limit:
Maximum Loan Amount is Rs. 20,00,000

Maximum Loan Amount for the HDFC Bank Loan Against Securities:
– Demat Shares: Up to 50% of the Market Value
– Mutual Fund Units (Equity): Up to 50% of the Market Value
– Mutual Fund Units (Debt): Up to 80% of the Market Value
– Fixed Maturity Plans (FMP): Up to 80% of the Market Value
– Exchange Traded Funds (ETF): Up to 50% of the Market Value
– Life Insurance Policies: Up to 80% of the Value
– Savings Bonds: Up to 80% of the Value
– Kisan Vikas Patras: Up to 80% of the Value
– National Savings Certificates: Up to 80% of the Value

HDFC Bank Loan Against Mortgage of Securities Processing Fee and Documentation Charges:
1.00% of the Loan Amount or Sanctioned Credit Limit (Minimum Rs. 3,500 plus GST)

Maximum Tenure for the HDFC Bank Loan Against Mortgage of Securities:
Maximum Loan Tenure is 60 Months (This is reviewed and renewed annually)

Yearly Renewal Charge for the HDFC Bank Loan Against Mortgage of Securities:
0.50% of the Loan Amount or Sanctioned Credit Limit (Minimum Rs. 1,000 Maximum Rs. 5,000 plus GST)

HDFC Bank Loan Against Mortgage of Securities Pre Closure Charges or Prepayment Penalty:
Nil Charges or Penalty

Minimum Age Limit for Getting the HDFC Bank Loan Against Mortgage of Securities Sanctioned:
Minimum Age 21 Years at the Time of Loan Commencement

Charges for HDFC Bank Loan Against Mortgage of Securities Ovedue:
Minimum 2% Per Month of the HDFC Bank Loan Against Mortgage of Securities Outstanding Amount

Security Requirement for the HDFC Bank Loan Against Mortgage of Securities:
Pledge of Adequate Value of Securities and Equity Shares in Dematerialised Form from the Approved Scrips List

Guarantor Requirement for the HDFC Bank Loan Against Mortgage of Securities:
No Guarantor is Required

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


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