Loan Against Property

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Key Features

Avail HDFC Bank's loan against property (LAP) for your personal or business needs at attractive interest rates. Both residential and commercial properties can be mortgaged for availing a loan against property. HDFC Bank provides a smooth & hassle-free loan against property to both salaried and self-employed individuals. HDFC Bank loan against property is a simple solution to your financial needs.

Repayment: Repayments through monthly instalments

Documentation: Apply with minimal paperwork, saving you valuable time and effort throughout the process.

24x7 assistance: Reach us anytime via Chat or WhatsApp for instant assistance, no matter where you are.

Digital: Login to your account to conveniently manage your loan.

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Get a Call Back

Loan Against Property Benefits

Transparent processing

Quick disbursal

Customised loan options

High loan amount worth up to 65% of the property's market value

Know More

Get a Call Back

Application Process

Step by Step Process of How to Apply for a Home Loan

Step 1: Visit the website of the online home loan provider – https://www.hdfc.com
Step 2: Click on ‘Apply for Home Loan’
Step 3: To find out the home loan amount you are eligible for, click on ‘Check Eligibility’.
Step 4: Under the ‘Basic information’ tab, select the type of housing loan you are looking for (home loan, house renovation loans, plot loans, etc.). You can click on the link beside the loan type for more information.
Step 5: If you have shortlisted a property, click on ‘yes’ in the next question and provide the property details (state, city and estimated cost of property); if you haven’t yet decided on the property, select ‘no’. Fill in your name under ‘Applicant’s Name’. If you want to add a co-applicant to your home loan application, select the number of co-applicants (you can have a maximum of 8 co-applicants).
Step 6: Under the ‘Applicants’ tab, select your residential status (Indian / NRI), provide the state and city you are currently residing in, provide your gender, age, occupation, retirement age, email ID and mobile number, gross/total monthly income, and EMI paid each month for all existing outstanding loans.
Step 7: You will then be taken to the ‘Offers’ tab where you will see home loan products that you can avail of, the maximum loan amount you are eligible for, the EMI payable and the loan tenure, interest rate and whether the interest is fixed or floating.
Step 8: Select the loan product you would like to apply for. You will be taken to the home loan application form where the details you have already provided (such as your name, email ID, etc) will be prefilled. Fill in the balance details – your date of birth and password and click on ‘Submit’.
Step 9: You will then be required to upload all the documents.
Step 10: Now all you have to do is pay the processing fees and your online housing loan application is complete.

Why Apply for a Home Loan with HDFC Bank

HDFC Bank is India’s premier housing finance company offering a wide range of home loan products that are customized to your needs and can be comfortably repaid over a longer tenure. HDFC Bank end-to-end digital home loan application process, integrated branch network across the county and 24X7 online assistance can make your home owning journey a memorable one.

You can now apply for a home loan online in 4 simple steps with HDFC Bank’s quick and easy apply online module.

Things to Check/Do Before You Apply for a Home Loan

The following points need to be kept in mind before applying for a home loan

Check your loan eligibility before starting your home loan application.
Go through the list of documents required and keep them ready before starting your home loan application process.
Be clear about the type of home loan you need (home loan, home improvement loan, plot loan, etc.)
Read the FAQs before starting your loan application process.
Make sure you provide all the details that the home loan provider will need to process your application.

Benefits of Taking a Home Loan

It helps you avail funds for home purchase
It can take years to accumulate sufficient funds for buying a house. However, you don’t need to wait this long. You can simply take a home loan to purchase your dream house.
It offers Tax Benefits
A home loan offers income tax benefit on the interest and principal repayments. You can claim tax deduction on principal repayments u/s 80C and on interest repayments u/s 24B.
Low interest rates
Interest rates on home loan are lower than other types of loans. Availing a housing loan has become very affordable today.
Customised repayment options
Home loan providers tailor your home loan repayment to suit your requirements.

How do I Improve My Chances of Getting a Home Loan?

Improve your credit score by creating a reasonable track record of timely repayments so that you achieve a high credit score which would improve your prospects of getting a home loan.
Obtain your credit report periodically, say once or twice in a year, verify the same for errors and get them rectified as and when required.
Ensure that the documentation of your home loan application is in order as per the requirement of the lender.
Avoid frequent job changes as this presents a picture of instability.
Check with the lender if the property that you have shortlisted will be considered for a housing loan. At the same time, do an independent due diligence.
You can take the following steps to improve your chances of getting a home loan

Do’s and Don’ts while Applying for a Home Loan

Do’s	Don’ts
Check your housing loan eligibility before starting your home loan application	Avoid making an application for an adhoc loan amount without checking your eligibility
Go through the list of documents required and keep them ready before starting your online application process	Don’t leave out submitting important documents.
Be clear about the type of loan you need (home loan, home improvement loan, plot loan, etc.)	Don’t ignore you CIBIL score while making your loan application (your score has an impact on your loan application)
Read the FAQs before starting your loan application process
You could use the online chat facility if you have any queries.
Make sure you provide all the details that the home loan provider will need to process your application.

Loan Against Property Eligibility Details

Primary Applicant

Age

18-70 years
Profession

Salaried / Self Employed
Nationality

Resident Indian
Tenure

Upto 15 years

Co Applicants

Adding Co-Applicant helps in maximizing the loan amount.
Adding Women Co-Owner helps in getting better interest rate.
All co-applicants need not be co-owners. Generally co-applicants are close family members.

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Loan Against Property FAQs

Loan against property is a secured loan that financial institutions provide against fully constructed, freehold residential and commercial properties. A mortgage loan can be availed for Personal and Business Needs(other than for speculative purposes) like marriage, medical expenses and child's education etc. Existing Loan Against Property from other banks and financial institutions can also be transferred to HDFC Bank.

You can get a loan of up to 65% of your property's market value to support your planned expenses.

Loan Against Property(LAP) can be availed by both salaried and self employed individuals for personal and professional needs(other than for speculative purposes) like marriage, Child's education, business expansion, debt consolidation etc.

You can avail a loan against property for a maximum term of 15 years or till your age of retirement ,whichever is lower.

Security of the loan would generally be security interest on the property being financed by us and / or any other collateral / interim security as may be required by us.

Yes ,Loan Against Property(LAP) can be availed against a fully constructed and freehold commercial properties .

You can find a checklist regarding documents required and applicable fees & charges on https://www.hdfc.com/checklist#documents-charges

Click here for the Most Important Terms and Conditions pertaining to Loan Against Property

Key Features

Avail HDFC Bank's loan against property(LAP) for your personal or business needs. Both residential and commercial properties can be mortgaged for availing a loan against property. HDFC Bank provides a smooth & hassle-free LAP to both salaried and self-employed individuals. HDFC Bank’s loan against property is a simple solution to your financial needs.

Repayment: Repayments through monthly instalments

Documentation: Apply with minimal paperwork, saving you valuable time and effort throughout the process.

24x7 assistance: Reach us anytime via Chat or WhatsApp for instant assistance, no matter where you are.

Digital: Login to your account to conveniently manage your loan.

Know More

Get a Call Back

Loan Against Property Benefits

Transparent processing

Quick disbursal

Customised loan options

High loan amount worth up to 65% of the property's market value

Know More

Get a Call Back

Loan Against Property Eligibility Details

SELF-EMPLOYED PROFESSIONAL (SEP)

Doctor
Lawyer
Chartered Accountant
Architect
Consultant
Engineer
Company Secretary, etc.

SELF-EMPLOYED NON-PROFESSIONAL (SENP)

Trader
Commision Agent
Contractor etc.

Know More

Get a Call Back

Click here for the Most Important Terms and Conditions pertaining to Loan Against Property

Plot Loan FAQs

How will HDFC Bank decide the home loan amount i am eligible for?

HDFC Bank will determine your Home Loan Eligibility largely by your income and repayment capacity. Other important factors include your age, qualification, number of dependants, your spouse's income (if any), assets & liabilities, savings history and the stability & continuity of occupation.

What does an EMI mean?

EMI refers to the ‘Equated Monthly Installment’ which is the amount you will pay to us on a specific date each month till the loan is repaid in full. The EMI comprises of the principal and interest components which are structured in a way that in the initial years of your loan, the interest component is much larger than the principal component, while towards the latter half of the loan, the principal component is much larger.

When can I make a home loan application?

You can apply for a Home Loan at any time once you have decided to purchase or construct a property, even if you have not selected the property or the construction has not commenced.

What does ‘own contribution’ mean?

‘Own Contribution’ is the total cost of the property less HDFC Bank home loan.

How do I repay a home loan?

For your convenience, HDFC Bank offers various modes for repayment of your house loan. You may issue standing instructions to your banker to pay the installments through ECS (Electronic Clearing System), opt for direct deduction of monthly installments by your employer or issue post-dated cheques from your salary account.

Now create your own space with HDFC Bank Home Loans.

Mortgage Loans On Property
with HDFC Bank LAP

Loan Against Property

Key Features

Loan Against Property Benefits

Application Process

Step by Step Process of How to Apply for a Home Loan

Why Apply for a Home Loan with HDFC Bank

Things to Check/Do Before You Apply for a Home Loan

Benefits of Taking a Home Loan

It helps you avail funds for home purchase

It offers Tax Benefits

Low interest rates

Customised repayment options

How do I Improve My Chances of Getting a Home Loan?

Do’s and Don’ts while Applying for a Home Loan

Loan Against Property Eligibility Details

Primary Applicant

Age

Profession

Nationality

Tenure

Co Applicants

Loan Against Property FAQs

Key Features

Loan Against Property Benefits

Loan Against Property Eligibility Details

SELF-EMPLOYED PROFESSIONAL (SEP)

SELF-EMPLOYED NON-PROFESSIONAL (SENP)

Plot Loan FAQs

How will HDFC Bank decide the home loan amount i am eligible for?

What does an EMI mean?

When can I make a home loan application?

What does ‘own contribution’ mean?

How do I repay a home loan?

Other Products

Non Housing Loans

Other Home Loan Products

Now create your own space with HDFC Bank Home Loans.

Mortgage Loans On Property with HDFC Bank LAP

Loan Against Property

Key Features

Loan Against Property Benefits

Application Process

It helps you avail funds for home purchase

It offers Tax Benefits

Low interest rates

Customised repayment options

Loan Against Property Eligibility Details

Primary Applicant

Age

Profession

Nationality

Tenure

Co Applicants

Loan Against Property FAQs

What is Loan against Property?

What is maximum funding that I can avail on a property as LAP?

Who can avail a Loan Against Property (LAP) ?

What is the maximum term for which I can avail a Loan Against Property (LAP) ?

What is the security that I need to provide to avail a Loan Against Property (LAP) ?

Can I avail Loan Against Property (LAP) for a commercial property?

What are the documents required for a Loan Against Property ?

Key Features

Loan Against Property Benefits

Loan Against Property Eligibility Details

SELF-EMPLOYED PROFESSIONAL (SEP)

SELF-EMPLOYED NON-PROFESSIONAL (SENP)

Plot Loan FAQs

Other Products

Non Housing Loans

Other Home Loan Products

Mortgage Loans On Property
with HDFC Bank LAP