HDFC Home Equity Loans helps you encash the present market value of the property by taking a loan by mortgaging the property.
Features of
Loan Against Property
Purpose Loan can be for any purpose. However, the funds should not be used for speculation or any illegal purposes.
Customers have benefited by taking loans to meet the following funding requirements
Education
Marriage Expenses
Medical Expenses
Property
Residential
Non Residential
- Should be Fully Constructed
- Should be a Freehold property having a clear and marketable title.
Adjustable Rate Home Loan Loan under Adjustable Rate is linked to HDFC's Retail Prime Lending Rate (RPLR). The rate on your loan will be revised every three months from the date of first disbursement, if there is a change in RPLR, the interest rate on your loan may change. However, the EMI on the home equity loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases. * Conditions Apply
Fixed Rate
Maximum Loan
Existing Customers
- Balance of 60% of the market value and present loan outstanding
New Customers
- 50% of the market value of the property (including the cost of the land)
Subject to
- Minimum Market Value of the property being Rs.5,00,000 for Residential property and Rs.7.50 Lacs for Non Residential Property
- Repayment Capacity of the customer
Home Loans