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:About Mortgage Loan:
Your home builds value both emotionally and economically with time. With our Loan Against Property you can leverage the economic worth of your home while continuing to enjoy occupancy of the same, so that you get immediate finance to meet a variety of personal and business needs.
features
Loans against fully constructed, freehold residential and commercial properties for:
Business Needs in India
Marriage, medical expenses and other personal needs
Transferring your outstanding loan availed from another Bank / Financial Institution
Longer tenure, smaller EMIs.
Attractive interest rates.
Easy and hassle free documentation.
Simple repayments through monthly instalments.
Integrated branch network for availing and servicing the loan anywhere
Benefits
Higher Loan amount with Lower EMI.
Funds can be used for business as well as personal needs.
Flexible repayment - Option to choose between Dropline Overdraft Facility or EMI based loan.
Specially designed programs for the Self Employed.
Customer Profile
Salaried
self employed professional
self employed non professional
Documentation
salaried individual,
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 months.
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.
self employed professional
Certified Financial Statement for the last 3 years.
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 months.
Copies of all Property Documents of the concerned property that you chose to pledge for the loan.
FAQ
Q. What Property can be considered as collateral for LAP?
You can provide your self-occupied Residential or Commercial property (Shops and Offices) as collateral.
Q. Are there any additional charges for loan Pre-payment?
You may refer to the "Fees & Charges" option under the product "Loan Against Property" and "Loan Against Rental Receivables".
All terms and conditions are at the Sole discretion of HDFC Bank Ltd. The bank reserves the right to change/ modify any of the above at any time.
Q. What are the fees & charges applicable?
You may refer to the "Fees & Charges" option under the product "Loan Against Property" and "Loan Against Rental Receivables".
Q. Can I avail an Overdraft against my Property?
A Loan Against Property can be availed as a Term Loan with EMI repayments or as a Drop line Overdraft Facility.
Q. What is the maximum tenure to repay the Loan Against Property?
A Loan Against Rent Receivables can be sanctioned for a minimum tenure of 12 months and a maximum tenure of 108 months. This however depends on the balance lease period and other parameters.
Q . What is the maximum loan I can get against my Property?
You can get a Loan Against Property up to a maximum of 60%* of the market value of your property.
*conditions apply
Q. How do I apply for a Loan Against Property (LAP)?
You can apply for a loan in the following ways:
Fill in the online application form and our representative will get in touch with you
Call one of our Phone Banking numbers provided on the website
Visit your nearest branch
Our existing liability customers may also get in touch with their Relationship Managers/ Personal Bankers to know more and apply for LAP
Contact:
Naresh
mobile no:9966963967
E-mail: nareshkurakulas@gmail.com
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