Loan Against Property
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Loan Against Property
A Loan Against Property can be a valuable financial resource for your business or personal needs. Whether you’re looking to start a new business, expand an existing one, or meet any other financial requirement, utilizing your property as collateral can help you secure the necessary funds.
HDB Financial Services offers an instant loan against property, providing the best financial solution for those seeking long-term capital. With competitive interest rates and flexible repayment options, we ensure that you can access the funds you need at low, affordable EMIs. You can mortgage either your residential or commercial property to benefit from attractive loan terms.
Apply for an instant Loan Against Property online with HDB Financial Services.
Calculate your Loan EMI instantly
Availing a Loan Against Property from HDB Financial Services offers a wide range of benefits.
Apply for an instant Loan Against Property online or visit your nearest HDB Financial Services branch to avail the best offer based on your financial profile.
Loan Amount Offered Under Loan Against Property
Depending on your eligibility and documentation, you can access a loan against property starting from:
- Rs. 10 Lacs for all Tier 2, 3, and 4 cities
- Rs. 20 Lacs for Tier 1 cities
The maximum loan amount can go up to Rs. 15 Cr for a fresh loan application and Rs. 25 Cr for existing customers. At HDB Financial Services, we aim to meet all your financial needs, no matter how diverse they may be.
Attractive Loan against property Interest Rate
Benefit from the best low-interest rates for loans against property at HDB Financial Services. These competitive rates are customized based on your financial needs and repayment capacity.
Flexible Repayment Tenure
HDB Financial Services offers flexible repayment tenures, extending up to 80 months (15 years), allowing you to pay your EMIs without financial stress.
Hassle Free Documentation Process
Experience a simple and quick documentation process for your loan against property. Our online loan application is paperless just upload soft copies of the necessary documents, and you’re ready to go.
Quick Processing and Speedy Disbursal
Once your documentation is verified, the loan is approved instantly, and the amount is swiftly disbursed to your bank account. You can access your funds without unnecessary delays.
Balance Transfer Facility
If you already have a loan against property, you can transfer it to HDB Financial Services to take advantage of our lower interest rates. Based on your financial profile, we may offer you the best property loan rates in the market.
Loan Against Rent Receivables
You can secure a loan against the rental income from your leased property. We offer lease rental discounting (LRD) based on your financial standing and credibility.
Loans to Purchase a New Shop or Office for Your Business
HDB Financial Services also provides loans against property to purchase new shops or offices for your business needs, offering a convenient solution to fuel business growth.
Salaried :
Eligibility Criteria:-
- Minimum age of applicant: 22 years.
- Maximum age of applicant at loan maturity: 58 years (60 years for Govt Employee).
- Minimum Net salary Rs. 20,000/- per month for Government Employee.
- Minimum Net salary Rs. 25,000/- per month for Private Sector Employee.
Self-employed : Self – employed individuals, Sole proprietorship, Partnership firms, LLP, Pvt Ltd companies, OPC (One Person Company) & Closely held limited companies.
Eligibility Criteria:-
- Minimum age of applicant: 22 years.
- Maximum age of applicant at loan maturity: 65 years.
- Years in business: Minimum 4 years with at least 2 years in same business.
- Minimum Annual Income: ₹ 2,00,000 p.a. for Tier 1 & 2 & ₹ 1,50,000 p.a. for Tier 3 & 4 locations.
DOCUMENTATION
Whether you are a salaried individual, self-employed individual, partnership firm or private limited company, we have a loan designed to suit your requirement.
Documents required
Salaried Individuals:
- Proof of Identity & Address - Any one of / (Postpaid Telephone Bill, Electricity Bill– not more than two months old / Voters Card/ Drivers Licence / Employers Card.
- Latest Bank Statement / Passbook (where salary/income is credited for the past 6 months).
- Latest 3 Months Salary Slip with all deductions & Form 16 for the last 2 years
- Copies of all Property Documents.
- In case of any existing loan, need to submit sanction letter, payment track record etc.
Self Employed/Business/Self Employed professionals:
- Certified Financial Statement for the last 2 years
- Proof of Identity & Address - Any one of / Postpaid Telephone Bill, Electricity Bill – not more than two months old / Voters Card/ Drivers Licence / Employers Card.
- Latest Bank Statement / Passbook (where salary/income is credited for the past one year - (both savings and current).
- Copies of all Property Documents.
- In case of any existing loan, need to submit sanction letter, payment track record etc.
- Sales deed/ agreement (executed)
- Company registration license
- Last 3 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
- Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable
- Professional Degree Certificate: (in case of professionals)
- Investment proof (if any): fixed deposit, fixed assets, shares, etc.
- Passport size, coloured photograph
Take the next step & manage your immediate financial needs now.
Apply on WhatsAppHow to apply for a Loan against Property from HDB Financial Services
The application process for availing loan against property is very simple. You can apply using any of the following options:
- Step 1: Enter your mobile number and verify it by entering the OTP (One-Time Password) sent to your phone.
- Step 2: Provide your occupation and KYC details.
- Step 3: Upload the required documents securely online.
- Step 4: Once Your Loan Against Property application is submitted, a representative will get in touch with you shortly.
- Step 1: Open the app and enter your mobile number
- Step 2: Verify using the OTP received
- Step 3: Tap on ‘Apply for New Loan’ or ‘Pre-Approved Loans’ (if eligible)
- Step 4: Fill in required details – loan amount, purpose, PAN and employment information
- Step 5: Upload KYC documents and income proof (as applicable)
- Step 6: Submit your application for instant processing
2. Apply via ‘HDB OnTheGo’ App
Download the ‘HDB OnTheGo’ app from the Play Store or App Store to experience a seamless personal loan journey.
Enjoy a fully digital and paperless loan experience. Pre-approved users can get loans with minimal documentation and instant disbursal.
3. Visit the Nearest Branch
Prefer face-to-face assistance? Visit your nearest HDB Financial Services branch and speak to our Loan Against Property representative for personalized support.
4. Apply by Phone
Call our customer support team on +91-4442984541 and apply for a Loan Against Property Loan.
*HDB Financial Services Ltd. may use the services of various agents on its behalf for the purpose of sales and marketing for HDB’s products and services.
*Terms and conditions apply, based on applicant's eligibility and financial profile.
Loan against Property FAQs
- i. Personal requirements
- ii. Working capital needs
- iii. Consolidation of debt
- iv. Mortgage buyout
- v. Mortgage buyout
- vi. Refinance of self-financed property
- vii. Transfer of previous loan balance
- viii. Purchase of a new shop or property for business
Choosing HDB Financial Services for your LAP offers several advantages:
- i. Loan up to ₹12 Crore or up to 60% of the market value of the property
- ii. Balance transfer facility.
- iii. Loan to purchase a new shop or office for your business.
- iv. Attractive interest rates.
- v. Flexible repayment tenure.
- vi. Hassle-free documentation process.
- vii. Quick loan processing and speedy disbursal.
- viii. Flexible EMI options.
- ix. Instant customer service support.
- i. Click on 'My Account' on the website. Enter the DOB or PAN number and verify your mobile number with an OTP.
- ii. Using 'HDB - OnTheGo' mobile app.
- iii. Write to us at customer.support@hdbfs.com.
- iv. Visit the nearest HDB Financial Services branch. You can locate here.
