Features hdfc loans

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    HDFC Bank brings to you Loan Against Property (LAP). You can now take a loan against your residential orcommercial property, to expand your business, plan a dream wedding, fund your child's education and much more.

    You can depend on us to meet all your business requirements even to purchase a new shop or office for yourbusiness. Loan to purchase Commercial Property (LCP) is a specially designed product to help you expand yourbusiness without reducing the capital from your business.

    Features & Benefits

    Loans to expand your business or to meet any personal need

    Residential & Commercial properties accepted

    Maximum Loan to value*

    Flexible product offerings - EMI based loan / Overdraft facility available.

    High tenure loans for ease of repayment.

    Attractive interest rates.

    Specially designed products for Self Employed.

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    HDFC Loan Against PropertyIf you are in need of a large amount of money and also have a property in your name,then availing that money as loan is not a big deal. Although banks offer various kindsof personal loan such as education loan, car loan, marriage loan and so on, it always

    sets certain limitations. That is why the HDFC bank has come out with LAP also calledthe HDFC loan against property. This LAP or the HDFC loan against property is givenon your present property which is owned by you without the need of selling or rentingthe same. Thus, you can now take loan against a residential or a commercial property

    for a number of purposes.

    Purpose of availing HDFC loan against property

    Loans are availed for a number of purposes and it varies from one person to the other.Some avail loans for expanding their businesses, some avail the same to plan out adream wedding and some use it for their child's education purposes. However, the

    reasons can be never ending. Let us have a look at a few of them one by one:

    Loan against property for expanding business: This is the most commonly availedloan. There are a number of small scale business that dream of becoming big. But

    without proper finances and financial assistance, this is not possible. That is why, theHDFC loan against property is given in order to expand business and aim for a better

    future.

    Loan against property for funding your child's education: HDFC bank gives loans forsupporting your child's education throughout all the stages. Once your child completes

    his/her education you can easily repay the whole amount.

    Loan against property for renovation purposes: We often dream of a lavish house withall the necessary equipments in it. But, seldom this dream is turned true. But with thehelp of HDFC LAP you will able to fund your house and renovate it the way you want

    to.

    HDFC bank also gives loan against gold, loan against securities and loan againstland.

    Loan Feature

    Loan Amount 4% of the outstanding principal

    Interest Rate N.A.

    Tenure Upto 50% of value of the property

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    Pre Payment Charges 4% of the outstanding principal

    Service Charges

    Loan Processing Charges:

    2% of the loan amountPre-payment charges:

    4% of the outstanding principal (pre-payment is allowed only after 6 months)Charges for late payment of EMI:

    2 % per month on overdue EMI amountCharges for changing from fixed to floating rate of interest:

    0.25% of the loan amount

    Eligibility Criteria : Loan Against Property

    Salaried Self

    Age Age criteria not provided Age criteria not provided

    Income Income criteria not provided Income criteria not provided

    Job Experience Job experience not provided Job experience not provided

    Residence Proof Residence proof not provided Residence proof not provided

    Docs Required : Loan Against Property

    Salaried Self

    ID ProofPAN card/voters ID/

    passport/driving licensePAN card/voters ID/

    passport/driving license

    Address ProofRecent telephone bill/electricity bill/property

    tax receipt/passport/voters ID

    Recent telephone bill/electricity bill/property

    tax receipt/passport/voters ID

    DOB Proof 10th class certificate 10th class certificate

    Financial Docs Statements (latest 3 months bank

    statement / 6 months bankpassbook)

    Bank Statements(latest 6 monthsbank statement /passbook)

    Latest ITR along with computation of

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    Latest salary slip or current datedsalary certificate with latest Form 16

    income, B/S & P&L a/c for the last 2yrs. certified by a CA

    Qualification proof of the highestprofessional degree

    HDFC Personal Loan

    Whatever the occasion, the range ofHDFC Personal Loanscan help.HDFC bank offers

    1. Borrow up to Rs 15,00,000 for any purpose depending on your requirements.

    2. Flexible Repayment options, ranging from 12 to 60 months.

    3. Repay with easy EMIs.

    4. One of the lowest Personal Loan Rates.

    5. Hassle free Personal Loan- No guarantor/security/collateral required.

    6. Convenience of service at your doorstep.

    7. Speedy loan approval.

    8. Personal Accident Cover Insurance.

    9. Credit Shield.

    Top of Form

    Apply HDFC Personal Loan

    Bottom of Form

    Req_Loan_Perso HD SEO 1

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    DOB :

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    OtherCity :

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    Mobile :

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    Annual Income :

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    Eligibility Criteria for HDFC Bank Personal Loan

    Age of Applicant Min-21 years ; Max-60 years.

    No. of years in employment 2 years & above

    Current Experience 1 year & above

    Net Monthly Income

    Rs. 15,000/- & above (cat-A companies) Rs. 20,000/-

    & above (non-listed companies)

    Loan Amount offered by HDFC Bank

    Minimum Funding Rs. 50,000/-

    Maximum Funding Rs. 15,00,000/-

    Loan Tenure offered by HDFC Bank

    Minimum Tenure 12 months

    Maximum Tenure 60 months

    Turn Around Time of HDFC Bank Personal LoanSalary below Rs. 75,000 working days (48 hours).

    Salary above Rs. 75,000 7 working days

    Processing Fee of HDFC Bank Personal Loan

    Salary account holder 2% of loan amount

    Nonsalary account holder 2.5% of loan amount

    Prepayment Charges of HDFC Bank Personal Loan

    Foreclosure Charges4% of outstanding principal (Can be foreclosed after

    6 months only)

    Salary available for making EMIs

    Up to Rs. 25,000 p.m 35% of salary is considered

    Bet Rs. 25,000 to Rs. 50,000 p.m. 40% of salary is considered

    Above Rs. 50,000 p.m 45% - 50% of salary is considered

    Documents Required for HDFC Bank Personal Loan

    Identity Proof

    Passport/ drivinglicense/PAN card/Photo credit card(with embossed

    Signature and lasttwo monthsstatement)/bankers sign

    verification

    Age Proof PAN Card/

    Passport/ DrivingLicence/ School

    leaving certificate/Voters card/

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    BirthCertificate/LIC policy (only for

    age Proof).

    Address Proof

    Passport/

    Telephone bill(BSNL/MTNL)/Electricity bill/

    Title deed ofproperty/Rental

    agreement/Driving license/Election ID card/

    Photo-credit card(with last two

    monthstatements)

    Income Proof

    Latest salaryslip/current dated

    salary Certificatewith latest form 16

    Job Continuity Proof

    Form 16/relieving

    letter/appointmentLetter (for last two

    months)

    Banking History

    Bank statementsof latest 2

    months/ 3 monthsbank passbook

    Borrow up to Rs 15,00,000 for any purpose, depending on your requirements.

    Repay with easy EMIs.

    Avail Attractive Interest Rates

    Hassle-free Loans - No Guarantor / Security / Collateral required

    Speedy Loan Approval.

    Flexible repayment options, ranging from 12 to 48 months.

    Convenience of service at your doorstep.

    Credit Shield.

    Personal Accident Cover.

    Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Privatelimited companies, Government Sector employees including public sector undertakings and

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    Proof of Identity (Passport Copy/ Voters ID card/ Driving Licence)

    Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Tradelicence /Est./Sales Tax certificate)

    Bank Statements(latest 6 months bank statement /passbook)

    Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs.

    certified by a CA Proof of continuation (Trade licence /Establishment /Sales Tax certificate)

    Other Mandatory Documents(Sole Prop. Decl. Or Cert. Copy of PartnershipDeed,Cert. Copy of MOA, AOA & Board resolution.)

    Self Employed (Pvt Cos and Partnership Firms) include Private Companies andPartnership firms in the Business of Manufacturing, Trading or Services

    Eligibility Criteria

    Years in business: Minimum of 3 years in current business and 5 years totalbusiness experience

    Business must be profit making for the last 2 years

    Minimum Annual Income: Rs 100000 p.a.

    Available in select cities

    Documents required:

    Address Proof (Ration card Tel/elect. Bill/ Rental agr. / Passport copy/Tradelicence /Est./Sales Tax certificate)

    Bank Statements(latest 6 months bank statement /passbook)

    Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs.certified by a CA

    Proof of continuation (Trade licence /Establishment /Sales Tax certificate)

    Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed,

    Certified true copy of Memorandum & Articles of Association (certified by Director) &Board resolution (Original).)

    Credit Shield

    In case of Death or Total Permanent Disability of the loanee, the loanee/nominee

    can avail of the Payment Protection Insurance (Credit Shield) which insures the

    Principle Outstanding on the Loan up to a maximum of the loan amount.

    Principle Outstanding is defined as the amount of loan outstanding (not including

    any arrears in payment or interest thereon) at the Date of Loss, having accounted

    for payments made and interest accruing as determined in the Policy.

    Hence, the amount covered does not include any Principal added because of non -

    payment of EMI and also will not include interest/ accrued charges.*

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    Personal Accident Cover

    In order to ensure that your family is taken care of, we also offer a Personal

    Accident cover of Rs.2,00,000 at a nominal premium.*

    * Premium will be charged for both these products which will be deducted from the

    loan amount at the time of disbursal. A transaction fee of Rs.350 will also be

    deducted at the time of disbursal. Please note that service tax @ 12.36% will also

    be charged.

    If you are an HDFC Bank account holder, we have special rates for you.

    If you are an existing Auto Loan customer with a clear repayment of 12 months or

    more from any of our approved financiers or us, you can get a hassle free Personal

    Loan (without income documentation).

    If you are an existing HDFC Bank Personal Loan customer with a clear repayment of

    12 months or more, we can Top-Up your personal loan.

    nk, we understand that you need more than just finance for your dream car. Thus we offer you a complete package oes & competent guidance along with 100% finance on select models. So come to HDFC Bank Auto Loans and put y

    track.

    Features & Benefit

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    er to your life. Unlock the value of your gold while you continue to own it.

    d Loan, you can get an instant loan against your gold jewellery and ornaments.

    fits

    10,00,000 & upto 90% of value.

    your Gold Jewellery

    dity

    y Interest and enjoy the Loan facility

    s - Your savings can be Invested in several Investment Avenues

    Bank customer, we have special rates for you !!!

    mentation

    individual, professional or a businessman, we have loan designed to suit your requirement.

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    plicant at loan application should not be more than 65 years

    ld be owned by you or any of the family member.

    ired

    ssport Copy/ Voters ID card/ Driving License).

    on card/ Tel, Electricity. Bill/ Rental Agr. / Passport copy/Trade license /Shop & Est License./Sales Tax certificate).

    ssport Copy/Driving License/Banker's verification/cheque)

    ographs.

    anted only for personal purposes. Loan Amount can not be used for speculative activities or any purpose linked to capital market activities or for any anti social purposes.All credit

    Gold Loan

    Description of Charges Gold Loan

    Loan Processing Charges Upto 0.50% of loan amount

    Valuation Fee Nil

    No Due Certificate / No Objection Certif icate (NOC) Nil

    Duplicate no due certificate / NOC Not Applicable

    Solvency Certificate Not Applicable

    Charges for late payment of loan amount 2% p.a. as penal interest over and above applicable rateof interest.

    Charges for changing from fixed to floating rate ofinterest Not Applicable

    Charges for changing from floating to fixed rate ofinterest

    Not Applicable

    Stamp Duty & other statutory charges As per applicable laws of the state.

    Credit assessment charges Nil

    Non standard repayment charges Not Applicable

    Outstation clearing charges Not Applicable

    Cheque swapping charges Not Applicable

    Loan cancellation / re-booking charges Not Applicable

    Bounce Cheque Charges Not Applicable

    Statement Charges (per statement) Not Applicable

    Duplicate Repayment Schedule charges Not Applicable

    Legal, Repossession & Incidental charges As incurred by the Bank.

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    Renewal Processing Fees Rs 500/-

    All fees & charges mentioned in the Tarriffs, Charges or Fees Brochures will attract Service Tax @ 10% & Education Cess @ 3% ofthe service tax amount. The same will appear as separate debits in the statements.

    Please note that the loan is granted only for personal purposes. Loan Amount can not be used for speculative activities or any

    purpose linked to capital market activities or for any anti social purposes.All credit is at the absolute discretion of HDFC Bank.

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