Loan Against Property
What is a Loan Against Property?
A Loan Against Property (LAP) lets you tap into your property’s value by using it as collateral to secure funds. With benefits like low-interest rates and flexible repayment options, LAP can be a suitable financial solution. To qualify, lenders typically assess factors like property value, your income and credit score.
The application process involves submitting necessary documents, having your property evaluated and receiving approval from the lender. Get up to 65% of the value of your property as a loan to fund planned needs – investment in business, home renovation, purchase of property, wedding in the family, children’s education and so on. HDFC Bank’s loan against property are offered at attractive interest rates.
High Loan Amounts
Get a loan worth up to 65% of the market value of the property. The amounts also come with longer repayment tenures, all at attractive interest rates.
Loan Against Rent Receivables (LARR)
Amount depends on net rentals, balance tenure of rental agreement and other factors.
Fulfil Your Every Need
Both residential and commercial properties* are accepted as collateral, and the money from the Loan Against Property can be used for a variety of personal or business needs.
*Conditions Apply
Easy Repayment Options
With competitive interest rates, you can easily repay your loan in low EMIs, or choose our Dropline Overdraft Facility.
Transparent Processing
All our charges are communicated up front, at the time of the processing of the loan. No hidden charges or fees.
Benefits for the Self Employed
Self-employed individuals can benefit from our customised loan options and specially designed programmes.
Easy Debt Consolidation
Remember, Loan Against Property is an excellent debt consolidation tool.
Turn Around Time
Application will be decisioned within 15 days from the date of its receipt and subject to submission of all the documents and details by the customer as may be required by the Bank and Application in cases which involve customer availability for completing a field investigation or fie search & valuation of a property, will be decisioned within 25 days from the date of its receipt.