HDFC Bank Loan Against Property - Fees and Charges

Enclosed below are HDFC Bank Loan Against Property Interest Rates & Charges


Charges

Loan Against Property / Loan for Commercial Property

Loan Against Rent Receivables

Dropline Overdraft Against Property / Commercial OD against Property

Rack Interest Rate Range

* MCLR - Marginal Cost of Funds based Lending Rate

MCLR + 1.95% 
to 
MCLR + 2.45%

MCLR + 1.70% 
to 
MCLR + 2.20%

MCLR + 2.45% 
to 
MCLR + 2.95%

10.25% to 10.75%

10.00% to 10.50%

10.75% to 11.25%

Loan Processing Charges*

Maximum of  1% of loan amount

Maximum of  1% of loan amount

Maximum of  1% of loan amount

( * Minimum PF of Rs.7500/- )

 

 

 

Pre-payment charges 

- For Floating rate term loans availed by individual borrowers - NIL**

- For Floating rate term loans availed by Micro & Small Enterprises - NIL

- For Fixed rate term loans and Non Individualborrowers : 

Post 6 months from the disbursement of Loan/Facility and upto 60 months -Maximum of 2.5% of the Principal Outstanding,

>60 months after the disbursement of the Loan/Facility – NIL 

- For Fixed rate term loans availed by Micro & Small Enterprises - No Charges to be levied up to loan amount of 50 lacs.

(*Prepayment cannot be made until 6 months of repayment. ** This is NOT applicable for Floating rate Term loans availed by Individual borrowers)

- For Floating rate term loans availed by individual borrowers - NIL**

- For Floating rate term loans availed by Micro & Small Enterprises - NIL

- For Fixed rate term loans and Non Individualborrowers : 

Post 6 months from the disbursement of Loan/Facility and upto 60 months -Maximum of 2.5% of the Principal Outstanding,

>60 months after the disbursement of the Loan/Facility –NIL

- For Fixed rate term loans availed by Micro & Small Enterprises - No Charges to be levied up to loan amount of 50 lacs.

(*Prepayment cannot be made until 6 months of repayment ** This is NOT applicable for Floating rate Term loans availed by Individual borrowers)

Maximum of 4% of the operating limit prevailing at the time of prepayment within 12 months of the date of disbursement.

Post 12 months maximum of 2% of the operating limit prevailing at the time of prepayment .

(* prepayment cannot be made 6 months from disbursement)

Part prepayment charges for Loans

- For Floating rate term loans availed by individual borrowers - NIL**

- For Floating rate term loans availed by Micro & Small Enterprises - NIL

- For Fixed rate term loans and Non Individual borrowers -
No pre-payment charge upto a maximum of 25% of your outstanding loan, once every financial year.

If the amount being prepaid is more than 25% then the charges shall be applicable on the enitre amount being prepaid and not only on the amount in excess of said 25%.

No prepayment charges will be charged for prepayment post 60 months after date of last disbursement of the loan.

- For Fixed rate term loans availed by Micro & Small Enterprises - No Charges to be levied up to loan amount of 50 lacs. 

Part pre-payment cannot be made until six months of repayment. ** This is NOT applicable for Floating rate Term loans availed by Individual borrowers)

For Floating rate term loans availed by individual borrowers - NIL**

- For Floating rate term loans availed by Micro & Small Enterprises - NIL

- For Fixed rate term loans and Non Individual borrowers -
No pre-payment charge upto a maximum of 25% of your outstanding loan, once every financial year.

If the amount being prepaid is more than 25% then the charges shall be applicable on the enitre amount being prepaid and not only on the amount in excess of said 25%. 

No prepayment charges will be charged for prepayment post 60 months after date of last disbursement of the loan. 

- For Fixed rate term loans availed by Micro & Small Enterprises - No Charges to be levied up to loan amount of 50 lacs.

Part pre-payment cannot be made until six months of repayment. ** This is NOT applicable for Floating rate Term loans availed by Individual borrowers)

NA

Charges for late payment of EMI

2 % per month on overdue EMI amount

2 % per month on overdue EMI amount

NA

Interest Charged on Over utilized amount for Drop Line Overdraft

NA

NA

18% per annum on the amount utilized above the available credit limit

Stamp Duty & other statutory charges 

As per applicable laws of the state

As per applicable laws of the state

As per applicable laws of the state

Bounce Cheque Charges

 Rs 550/-

 Rs 550/-

 Rs 550/-

Repayment schedule charges

Rs. 200/- per schedule

Rs. 200/- per schedule

Rs. 200/- per schedule

Cheque / SI / ECS swapping charges

Rs. 500/-

Rs. 500/-

Rs. 500/-

Legal/Repossession & Incidental charges 

At actuals

At actuals

At actuals

Account Maintenance Charges

NA

NIL

Rs.5000/-

Commitment charges for overdraft accounts (*Minimum charges Rs 5000/-)

NA

NA

If average quarterly utilization > 30% No commitment fee charges to be charged. If average quarterly utilization < 30% Charges upto 0.10% will be charged on the difference between the actual utilization and expected average utilization of 30%. Charges to be levied quarterly.

Charges for Switch-over from BPLR linked loans to Base rate linked loans
(for existing customers)

Nil

Nil

Nil

Charges for switch over from Fixed Interest rate linked loans to Base Rate linked loans (for existing customers)

Nil

Nil

Nil

Property Document Retention charges

Rs. 1000+Taxes per calendar month, after 2 calendar months from date of closure of all loans/facilities linked to the collateral

Rs. 1000+Taxes per calendar month, after 2 calendar months from date of closure of all loans/facilities linked to the collateral

Rs. 1000+Taxes per calendar month, after 2 calendar months from date of closure of all loans/facilities linked to the collateral


Rates offered to customer during the period October’16 to December’16


Bank IRR

APR

Min

Max

Avg

Min

Max

Avg

9.30%

12.50%

10.23%

9.30%

12.56%

10.26%

Note:The above charges are exclusive of taxes and statutory levies as applicable from time to time. The above charges are the maximum charges applicable for each type of charge. 

The Bank reserves the right to vary any of the above charges from time to time with due intimation to the customer. Revised Charges will be communicated to the customer through Banks website and/or by any other acceptable mode of communication.

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