Hdfc Loan Against Property – Benefits, Documents Required And Apply Online

Hdfc Loan Against Property: – Loan against property is a loan given or disbursed against the pawn of assets. This type of loan given as a  somewhat percentage of the property’s market value, it is usually around 40 percentage to 60 percentage.

Through the loan against property loan seeker can get higher loan amount for the Expanding of business or personal need(Son/daughter married, For higher education, For medical treatment, etc.) with the benefits of lower EMI. The loan will be available for you by the secure documentation procedure, speedy approvals, and flexible repayment options.

Types of properties can mortgage for a loan against properties self-occupied or residential property(house or a piece of land).According to your need, you can have a loan from the HDFC bank. Now the times HDFC became the market leader in investment products. LAP is one of the best ways to raise the money. Borrower advises loan accordingly to the repaying capability. Otherwise, the bank can take possession of the mortgaged property.

Benefits Or Features Of Loan Against Property:-

Housing Development Finance Corporation Limited provides loan against the property after that Loan seeker don’t need to look for any other funding. No need to reducing capital for manufacturing funds for your business or personal needs. HDFC Bank’s LAP (Loan against property) help customers to meet all financial needs. Here are some given features or benefits of Loan against property.

  • Competitive Interest Rate: HDFC Bank provides competitive rates for their customers or the loan seekers.
  • Property Type: Loan provided in both type of assets – Residential property and Commercial properties.
  • Flexible products offerings: Suitable to your needs take an EMI based loan or an Overdraft services.
  • Easy repayments: Longer or flexible repayment tenure and competitive interest rates. Compared to other funding option EMI is certainly lower.
  • Loan for the Self-employed: Self-employed individuals have to take customized loan options.
  • Maximum loan amount: The maximum amount you can get against property loan is up to 60% maximum of the market value of your property.

Documents required for Loan against property:

 To take LAP one must need to provide some relevant documents which mentioned by the HDFC bank to fulfill the requirement. There are some criteria accordingly to the employment status. So to expand the business or funds for your personal need you can take a loan by providing some documents.

Salaried Individual require to submit following documents: 

  • Residential Proof: Ration card copy, Telephone Bill, Electricity Bill, Voter card.
  • Identity Proof: Driver’s License, Employer’s Card, Voter card.
  • Latest bank statement: Passbook, Income being credited from the past 6
  • Salary Slip: Salary Slip from the previous 6 months with all deductions shown. Form 16 required from the last 2
  • Property documents:
  • Your Proof of Residence – A Ration Card / Telephone Bill / Electricity Bill / Voters Card will do.
  • Your Proof of Identity – A Voter’s Card / Driver’s License / Employer’s Card will do.
  • Your latest Bank Statement / Passbook from where you can show a salary / income being credited from the past 6
  • Your Salary Slip from the last 6 months with all deductions shown. A Form 16 from the last 2 years will also be required.
  • Copies of all Property Documents of the concerned property that you chose to pledge for the loan.

If you are a self-employed professional/individual, you will require the following documents:

  • Certified Financial Statement for the last 3
  • Your Proof of Residence – A Ration Card / Telephone Bill / Electricity Bill / Voters Card will do.
  • Your Proof of Identity – A Voter’s Card / Driver’s License / Employer’s Card will do.
  • Your latest Bank Statement / Passbook from where you can show a salary / income being credited from the past 6
  • Copies of all Property Documents of the concerned property that you chose to pledge for the loan.

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4 thoughts on “Hdfc Loan Against Property – Benefits, Documents Required And Apply Online

    1. Yes, you can present your aadhaar card against voter ID card in requiring documents, but we will advise you that contact branch supports customer care to regard this question.

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