Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • HDFC Loan Against Property is Rated as "Great!" by 13541 Users

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    HDFC Loan Against Property

    Overview

    Now, you can easily fulfill all your long cherished dreams with HDFC Bank loan against property. The bank offers loans against property at attractive rates of interest. You can use your property as security and receive higher amount to fulfill your personal and business related needs. It is very simple to get a loan against property from HDFC Bank. The bank maintains a speed process of approval and disbursement with minimal documentation. Since, the interest rates on loan against property is less, you can enjoy the benefit of paying lower EMIs.

    Key feature of HDFC Bank Loan against Property (Mortgage Loan)

    The loan against property offered by HDFC Bank comes with a number of attractive features including:

    • Interest rates: The bank offers attractive rate of interest on loan against property.
    • High loan amount: A borrower can receive higher loan amount against his/her property for longer tenure.
    • Faster processing and quick approvals with minimal documentation.
    • HDFC Bank accepts both residential and commercial properties as security.
    • The bank offer customized loan options for self-employed individuals.

    Benefits of HDFC Bank Loan against Property

    A borrower can avail the following benefits with an HDFC Bank Loan against Property (Mortgage Loan):

    • The amount received as loan against property can be used for funding personal as well as business needs.
    • You can choose your repayment options as per your convenience. You can repay via Dropline Overdraft Facility or Equated Monthly Installments.
    • The bank offers higher loan amount with lower monthly EMIs.

    Documents required for HDFC Loan against Property

    The following documents are required for salaried and self-employed individuals:

    For Salaried individuals

    • Proof of Residence ( Any one of the following documents will do - Ration Card , Telephone Bill, Electricity Bill or Voter's ID Card)
    • Proof of Identity – ( Voter's Card, Driver's License or Employer's – any of the following documents will be accepted )
    • Bank Statement / Passbook of last 6 months.
    • Salary slip of last 6 months.
    • Form 16 for previous 2 years.
    • Legal documents of the concerned property.

    For Self-employed individuals

    • Certified financial statement of last 3 years.
    • Proof of Residence – (Ration Card, Telephone Bill, Electricity Bill and Voters Card – any of the documents will do).
    • Proof of Identity - Voter's Card , Driver's License and Employer's Card - either of them will do)
    • Latest Bank Statement or Passbook.
    • Copies of all property documents which you want to use as collateral.

    HDFC Bank Loan against Property Interest Rate

    HDFC Bank charges the following rats of interest on loan against property:

    Property type

    Interest Rates

    Loan against Property / Loan for Commercial Property

    11.35% to 12.85%

    Loan against Rent Receivables

    11.35% to 12.85%

    Dropline Overdraft against Property / Commercial OD against Property

    12.10% to 13.35%

    The bank charges a processing fees of 1% of the total loan amount. The above-mentioned interest rates charged on loans against property are subject to change without giving any prior notification.

    HDFC Bank Loan against Property Eligibility

    The eligibility criteria for HDFC Bank Loan against Property include:

    • Salaried professionals working in government or private organizations are eligible.
    • Self-employed individuals engaged in different business activities. The bank offers exclusive offers and schemes for self-employed professionals.

    HDFC Loan Against Property Reviews

    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The HDFC was good with their customer service as i took a personal loan from them . The rate of interest they provided was 10.5% and with zero processing fee they gave me a option of pre closure without any penalty charges that is one thing i liked about them . I took the loan this year 2017 i would say its a good experience .
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with HDFC bank 4 years back. The loan amount was 2.30 lakhs and the rate of interest was 18% which was very high than ICICI bank. The EMI period was 4 years. They didn't provide door step service for the documentation collection and the processing fee was 4,200 which is high and not satisfied.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I got my personal loan from HDFC Bank. My personal loan procedure was really smooth and HDFC Bank was good with processing the loan. It was a Paperless online application I submitted but I had to submit the hard copies of the documents. HDFC Bank offered me the loan around 10.99% as rate of interest and including insurance amount and processing fees they deducted around Rs. 4000 from my loan amount.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with HDFC bank 4 years back. The loan amount was 2.30 lakhs and the rate of interest was 18% which was very high than ICICI bank. The EMI period was 4 years. They didn't provide door step service for the documentation collection and the processing fee was 4,200 which is high and not satisfied.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      When I applied for the personal loan with HDFC Bank, they disbursed the loan within 24 hours at the rate of interest of 12% or 13%. The total tenure of this personal loan is 3 years. This loan gets over by September 2018 but I have decided to fore close the loan within 2 - 3 months. There is a 2 % pre-closure of the outstanding balance. According to me there should not be any pre-closure charges for the customers who have completed 1 year of the loan period.
      Was this review helpful? 0
      , kolhapur
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Personal loan"
      0.5 4.0/5 "Great!"
      Long back, I had taken a personal loan from HDFC Bank. I had received the NOC from them on time and there was no charges for the same. I had made a foreclosure of the loan and the charges are amounting to 2% on the outstanding principle amount...
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Good service "
      0.5 5.0/5 "Blown Away!"
      I had applied for a personal loan for an amount of 0.75lakhs with nominal rate of interest.customer service is good they had responded on time to my doubts.loan were processed within a short span of time.Overall had a good experience with hdfc.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached HDFC bank for personal loan. The customer service is good and the response was fast. The representative very supportive. The rate of interest is too high, they charge 16%. I have submitted the documents online and also executive collected the hardcopy.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I am a previlage customer of HDFC Bank, I have taken personal loan 1 year back. They provided doorstep for the documentation, They have charged nominal interst rate. It took 4 to 5 days for the loan disbursement. I am happy with the customer service. EMI payment is auto debited from my salary account.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      It was a very nice experience with HDFC bank on my personal loan. The rate of interest was nominal.They have disbursed the loan on time. The documents collected by the executive at doorstep. I cannot preclose the before 1 year, there should be no timeline on that.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      My personal loan is with HDFC bank.The process was pretty fast and the documentation was not much as I am an existing customer. The after loan services are also good, the EMI was taken at the right time and no issues till date. They were also normal on the interest and charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Best banking"
      0.5 5.0/5 "Blown Away!"
      I had applied for a personal loan with HDFC bank for an amount of 1.50lakhs with an interest rate of 12.99%.They took nearly7 days to process my application request.bank responded on time without much delay.My only concern about the interest rate is very high as compared tom other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I applied a personal loan with HDFC Bank. HDFC Bank offered me the personal loan with 11.49% as rate of interest which is normal when compared with other banks. Everything was followed up correctly. HDFC Bank disbursed my loan within 5 days. There was a deduction in my loan amount around Rs. 900 - Rs. 1200.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "It was very bad"
      0.5 2.0/5 "Expected more"
      I applied for a Personal Loan with HDFC bank and felt the experience to be pretty bad. I was in a need of money little urgently, that's the reason I went with paperless approval. Even after having the option, the whole loan process took almost 3 weeks to complete. Even after getting the loan, for the payment of my first month EMI I had to face issues. They need to improve a lot.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      I have approached HDFC Bank for personal loan and the process to get the loan is kind of okay. The disbursement was on time was one week. The interest rate is 18% which is very way high and processing charges was 2%. To be frank I did not like their services I have told them to start my EMI 3rd day after my salary date they said yes, but no use of telling they have mention the first day of the salary later called customer care for help they said straight away, it cannot be changed, because this might hit my credit score, because of cheque bounce.
      Was this review helpful? 0
      , nizamabad
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from HDFC Bank. I got through with the loan through an online channel. I got a rate of around 11% because this channel was able to pull it through. The process at the bank is good and they were on time to collect the documents and disburse the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      The HDFC bank offered me a personal loan with the very high interest rates, so that was the reason I haven't got the loan from HDFC bank . The customer service is good , only thing is they need to decrease their interest rate to increase their number of customers.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • HDFC Bank Personal Loan
      "Services are excellent"
      0.5 5.0/5 "Blown Away!"
      I do not mind the high interest rates and charges that HDFC Bank offers on the personal loan as I am very happy with the customer services and response. Because the customer needs to be acknowledged when ever he reaches out to the bank and he needs to get a proper response. I get the best of services at this bank.
      Was this review helpful? 0
      , jaipur
      Reviewed on Oct 15, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The HDFC bank has disbursed my loan amount within 7 days of time, but initially they have promised that they will disburse my loan within 3 to 4 days of time. The customer support was good with HDFC bank. The rate of interest is nominal with HDFC bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • HDFC Bank Personal Loan
      "Fast Approval"
      0.5 4.0/5 "Great!"
      HDFC offered me a personal loan based on my salary account. The documents are collected by the executive at doorstep. The have disbursed the loan on 5 to 6 days. Rate of interest was high, the bank has charged me 18%. The preclosure and part payment option was good when it comes to HDFC.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 15, 2017
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