Property Loan

I'M Salaried 

Avail loan against the property for your personal or business needs. Both residential and commercial properties can

be mortgaged for taking a loan against property. 

• Loan against fully constructed, freehold residential and commercial properties for:
• Business Needs
• 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 installments.
• Integrated branch network for availing and servicing the loan anywhere in India.

I'M Self Employed 

Your home builds value both emotionally and economically with time. With 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.

• Loans against fully constructed, freehold residential and commercial properties for:
  • Business Needs
  • 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 installments.
• Integrated branch network for availing and servicing the loan anywhere in India.

Classification Of Self-Employed Customers

• Self-Employed Professional (SEP):
  Doctor  |   Lawyer  |   Chartered Accountant  |   Architect  |   Consultant  |   Engineer  |  Company Secretary etc.
• Self-Employed Non-Professional (SENP):
  Trader  |   Commission Agent  |   Contractor etc.

Who Can Apply

You can apply individually or jointly for a Loan Against Property. All owners of the property will have to be co-applicants. However, all co-applicants need not be co-owners. Generally, co-applicants are close family members.

DOCUMENTS

Purpose 

Proof of both identity and residence (any 1) 

Documents 

1. Valid Passport
2. Voter ID Card
3. Aadhaar Card
4. Valid Driving Licence

Proof of income 

1. Income Tax Returns along with computation of income  for the last 3 Assessment Years'
2. Last 3 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules
   (Points 2 & 3 should be of both the individual and the business entity and attested by a CA)
3. Last 6 months' Current A/c Statements of the business entity and Savings Account Statements of the individual.

Other documents 

1. Business Profile
2. Latest Form 26 AS
3. List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity is a company
4. Memorandum and Articles of Association of the Company
5. Partnership deed in case of the business entity is a partnership firm
6. Details of ongoing loans of the individual and the business entity including the outstanding amount, installments, security, purpose, balance loan term, etc
7. Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form and signed across
8. A cheque for processing fee favoring ‘HDFC Ltd.’
9. Declaration and documents clearly stating the end use of the loan
10. Own Contribution Proof.

Property related documents 

1. Title Deeds including the previous chain of the property documents
2. Proof of no encumbrances on the property
3. Approved plan if applicable