HDFC Bank accepts both residential and commercial properties as collateral for its Loan Against Property, providing flexibility in usage for various personal or business needs. This means that individuals or businesses can leverage the value of their property to secure a loan, which can be used for a wide range of business or personal purposes, including debt consolidation. You can get a loan worth up to 65% of the market value of your property. This makes it a valuable option for funding planned needs.

A fixed-rate Commercial Loan refers to a type of loan where the interest rate remains constant throughout the loan term, providing borrowers with predictable monthly payments. The interest rate typically ranges from 11.80% to 13.30% or higher, depending on market conditions and the borrower's creditworthiness. There is also an option available, as per a circular from RBI, to avail of an increase in interest rates for term loans and borrowers with personal end-use facility, once during the loan tenure. This option provides flexibility in managing interest rate changes, ensuring stability in repayments for the borrower.

For HDFC Bank Loan Against Property, Loan for Commercial Property, and Loan Against Rent Receivables, the interest rate ranges from 9.50% to 11%, calculated as Policy Repo Rate of 6.50% plus 3.00% to 4.50%. For Dropline Overdraft, this applies to the sanctioned operating limit only.

If you utilise more than your sanctioned operating limit in the HDFC Bank Dropline Overdraft Against Property, interest at 18% per annum is charged on the excess usage amount, along with applicable taxes. This charge is specific to the amount exceeding the approved limit.

When applying for an HDFC Bank Loan Against Property, you will be charged a processing fee of up to 1% of the total loan amount, with a minimum fee of ₹7,500. This fee is exclusive of applicable government taxes and is collected upfront during processing.

For HDFC Bank Loan Against Property, one part prepayment annually is allowed without charge if it is up to 25% of the outstanding principal. You are charged 2.5% plus GST on the excess amount if it exceeds this. Certain categories may be eligible for a full waiver.

Premature closure of HDFC Bank Loan Against Property attracts up to 2.5% of the principal outstanding for floating rate loans for business use. Fixed-rate loans incur similar charges unless over 60 months old. Individual borrowers for non-business use or MSMEs enjoy a full waiver.

If you delay your EMI payment on an HDFC Bank Loan Against Property, you are charged interest at 18% per annum on the overdue amount, in addition to applicable taxes. These charges are calculated on the delayed installment until the bank receives full payment.

For HDFC Bank Loan Against Property, if you have a floating rate EMI-based loan and wish to convert it to a fixed rate, a one-time fee of up to ₹3,000 may apply. This is applicable as per relevant RBI circulars and subject to eligibility.

HDFC Bank charges 0.1% of the loan amount for property swapping or partial property release under Loan Against Property. The fee ranges from a minimum of ₹10,000 to a maximum of ₹25,000 per property, excluding applicable taxes and levies.

For HDFC Bank Loan Against Property, document retrieval post-disbursement costs ₹75 per document set. An amortisation schedule is available at ₹50 per request, though it can also be downloaded free from the official HDFC Bank website.

Yes, HDFC Bank imposes a 2% per annum charge plus taxes on the principal outstanding for non-compliance with the sanction terms in the Loan Against Property. This fee is capped at ₹50,000 and is charged monthly until full compliance is achieved.