The HDFC Loans against Rent Receivables a loan product from HDFC Bank meant for individuals who are expecting cash flows from Rent Receivables. The loan will be sanctioned and disbursed in quick and efficient manner, the documentation involved is also extremely simple and also the bank provides you with the loan in a quick turnaround time. The current loan to fulfill a requirement of personal nature, or get into a new business, get more funds for your current account.
Where is the purpose of HDFC Loans against Rent Receivables?
The HDFC Loans against Rent Receivables The current loan to fulfill a requirement of personal nature, or get into a new business, get more funds for your current account.
What is the eligibility criteria for HDFC Loans against Rent Receivables?
The criteria they need to match are:
The applicant should own a property listed in their name.
The applicant needs to be at least 18 years of age
Must be a Indian resident
If you represent Companies/Proprietorships/Partnership firms you will need to submit an audited Balance Sheet, Profit & Loss Account for last two years. You will also have to submit IT returns of the last 2 years
What is the maximum amount of loan I can avail?
The amount of loan can be applied for a maximum of 50% of the property’s market value. This will also be dependent on the various parameters like CIBIL rating, documents being clear, etc the balance tenure of the rental agreement, and the net rentals as well.
What are the documents required for HDFC Loans against Rent Receivables?
Documents required for this product will be:
Bank Statement of the last 12 months in which rents have been deposited
Property documents
Proof of identity and address as well, documents accepted will be voter’s id, passport, aadhar card, driver’s license.
Leave and license agreement copy
A copy of your pan card
Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original).
How do I apply for this loan?
Application process for this loan is very simple, all you need to do is fill in a loan application form with supporting documents and submit it to the nearest HDFC Bank branch. You can also apply for this loan via the HDFC Bank website by submitting an online application form with a few mandatory details.
Can I apply for HDFC Loans against Rent Receivables online?
Online application is available for the HDFC Loans against Rent Receivables, all you need to do is login to the HDFC Bank website by submitting an online application form with a few mandatory details.
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The experience with this loan has been quite good and the loan amount which they had provided has been sufficient as well. Their customer support and the staffs had been helpful during the process and the loan amount which they had provided was sufficient as well. There has not been any extra charges which they had made other than the processing fee.
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SANTHYSRI PAMPANA
, hyderabad
Reviewed on Jan 22, 2019
I carry a HDFC credit card and on that i had taken a perosnal loan. I was in need of loan and the moment i sent a request my request was taken care and it was processed with in 10 minutes. The rate of interest is bit high but apart from that i am happy with the services.
I have been using personal loan with HDFC bank, they have given me good loan amount,it is sufficient for me, as per my requirement they have given me, and the rate of interest they have charged me up to 13%,which is nominal compare to other market value,and the processing fee they had charged around 1.5% was nominal, there is no extra charged, still loan is running 2 Emi installment i have been paid.
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0
ASIT KUMAR PARIDA
, bangalore
Reviewed on Jan 22, 2019
Based on the interest rate which they are providing and the service given to me thats the reason i have selected HDFC for my personal loan. The loan disbursal got little bit delayed. They have given me a interest rate of 16% and the processing fee is fine. I have chosen tenure period of 1 year.
I have taken a personal loan with HDFC bank and my experience was good, the loan amount expected was for 4.5 lacs but they sanctioned only for 1.47 lacs and the rate of interest was high when compared to other banks. Customer service was good and the tenure period is for 4 years.
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0
VIJAYAN VINAYAKAM
, kanchipuram
Reviewed on Jan 21, 2019
My experience was very good with HDFC bank personal loan, i received my loan amount within 3-4 days. The loan amount was for Rs 75000 with nominal interest rate when compared to other banks. Customer service was good and the tenure period is for 3 years. I am planning to preclose this loan.
It was a fine experience with HDFC bank for personal loan, the process was smooth and i received my loan amount within 1 week. Customer service was good and they responded on time. Rate of interest was high when compared to others. Loan amount was for Rs 4.9 lacs and the tenure period was for 4 years.
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0
NANDHA KUMAR DHANAPAL
, vellore
Reviewed on Jan 21, 2019
I had taken this loan a while back and it is going to get closed in another four months. The loan amount which they had provided was sufficient and the interest rate with them was nominal when compared with the market rate. The charges which they had made also had been nominal as well. There has not been any issues faced with them.
It was a fine experience with HDFC bank for personal loan, the process was smooth and i received my loan amount within 1 week. Customer service was good and they responded on time. Rate of interest was nominal when compared to others. Loan amount was for Rs 1 lac and the tenure period was for 2 years
The process was smooth with HDFC bank personal loan application, the loan amount was disbursed within 7-8 days. The rate of interest was nominal when compared to other banks and the loan amount was for Rs 4.4 lacs. Tenure period for this loan is 4 years.
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0
MANISHA DESHMUKH
, hyderabad
Reviewed on Jan 21, 2019
It was a good experience with personal loan from HDFC bank, i received my loan amount on time and the rate of interest was nominal when compared to others. Loan amount was for Rs 8 lacs with tenure period of 5 years. Customer service was good and they responded on time.
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0
SHREEPADARAO SHREENIDHI
, bangalore
Reviewed on Jan 21, 2019
It was a good experience with HDFC bank for personal loan, the process was smooth and i received my loan amount on time. The loan amount was for Rs 2.5 lacs with high interest rate when compared to other banks. Customer service was good and they collected documents on time. Tenure period for this loan is 4 years.
My experience was good with HDFC bank for personal loan, loan amount was sufficient but the rate of interest was high when compared to other banks. Customer service was good and they followed up on time. Tenure period for this loan is for 2 years.
It was a good experience with HDFC bank for personal loan, the process was smooth and i received my loan amount within 4 days. The loan amount was for Rs 2.5 lacs with high interest rate when compared to other banks. Customer service was good and they collected documents on time. Tenure period for this loan is 4 years.
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0
SANKET RAMAN SAHUJI
, pune
Reviewed on Jan 21, 2019
My persona loan application was approved with HDFC bank and it was a good experience. The process took 15 days to complete and the rate of interest was high when compared to other banks. Customer service was good and they responded on time. Loan amount was for Rs 3.6 lacs with tenure period of 4 years.
It was a good experience with HDFC bank personal loan, the process was quick and i received my credit card within 2-3 days. The loan amount was for Rs 1.99 lacs with tenure period of 4 years. Documents were collected on time and the customer service was good. Rate of interest was nominal with this bank.
My personal loan experience was good with HDFC bank, the process was quite long and it took 15 days to receive the credit card. I expected the loan amount for Rs 1.5 lacs but they approved only for Rs 50000. Rate of interest was nominal and tenure period for this loan is 3 years.
It was a good experience with HDFC bank for personal loan, the process was smooth and i received my loan amount within 5-6 days. The loan amount was for Rs 4.9 lacs with high interest rate when compared to other banks. Customer service was good and they collected documents on time. Tenure period for this loan is 5 years.
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0
PRINCE KUMAR ARVIND KUMAR
, rajkot
Reviewed on Jan 21, 2019
Bought my personal loan 3 years before. When i have visited their internet banking i have received the offer at the same i have applied the loan immediately. They have sanctioned in 2 days. They came to my office and collected my documents. They have offered me a interest rate of 13%.
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0
ELANCHEZHIYAN RAJAN
, chennai
Reviewed on Jan 21, 2019
My experience with HDC bank for personal loan was good, the loan amount was for Rs 3 lacs with little high interest rate when compared to other banks. I am happy with the customer support and they responded on time. Tenure period for this loan is 3 years.
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0
SIVA GIRISH BABU GUTTULA
, hyderabad
Reviewed on Jan 21, 2019
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
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