HDFC Bank Mortgage Loan Interest rates in Tirupati
50,00,000 Above | upto To 50,00,000 | |
---|---|---|
Commercial Properties | 10.75% | 10.75% |
Industrial Properties | 10.75% | 10.75% |
Residential Properties | 10.25% | 10.25% |
Loan To Value (LTV) For HDFC Bank Mortgage Loan in Tirupati
50,00,000 Above | upto To 50,00,000 | |
---|---|---|
Commercial Properties | 65.00% | 60.00% |
Industrial Properties | 55.00% | 50.00% |
Residential Properties | 80.00% | 75.00% |
Features of HDFC Bank Mortgage Loan Tirupati
Type | Features |
---|---|
Processing Fee | 1.0% |
Pre Closure Charges | Non Individual - 2.5% |
Part Payment Charges | Allowed |
Min Tenure | 5 Years |
Max Tenure | 15 Years |
Min Age | 23 Years |
Max Age | 60 Years |
Min Loan Amount | Rs.15,00,000/- |
Max Loan Amount | Rs.30,00,00,000/- |
HDFC Bank Mortgage Loan Tirupati Charges
Type | Charges |
---|---|
Penal Interest | @24% Per Annum |
Duplicate Statement Charges | NIl |
Insurance Cover | Upto Loan amount |
Inspection Charges | At Actuals |
Legal Opinion Valuation Charges | At Actuals |
Bounce Cheque Charges | Rs. 550/- Per Bounce |
Switch Variable To Fixed | Not Applicable |
Switch Fixed To Variable | Not Applicable |
Photocopy Documents | Rs. 1000+Taxes |
Charge For Exchanging E C S Mandate | Rs. 500/- |
Repayment Schedule Charges | Rs. 200/- |
Loan Re Schedulement Charges | Nil |
N O C Issuance Charges | Nil |
Documentation For Mortgage Loan
For Salaried Persons
- Filled Application form
- Identity Proof (PAN CARD)
- Address Proof
- Latest 3 months Payslips
- Job Continuity Proof
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
For Self Employed/Professionals
- Filled Application form
- Identity Proof
- Address Proof
- Last 2 years Income Tax Returns
- Professional/Self employed existence proof for more than 3 years
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
Identity Proof For Mortgage Loan
- Passport
- Driving License
- PAN card
- Photo credit card (with embossed Signature and last two months statement)
- Banker's sign verification
Age Proof For Mortgage Loan
- PAN Card
- Passport
- License
- School leaving certificate
- Voter card
- Birth Certificate
- LIC policy (only for age Proof)
Address Proof For Mortgage Loan
- Passport
- Telephone bill (BSNL/MTNL)
- Electricity bill
- Title deed of property
- Rental agreement
- Driving license
- Election ID card
- Photo-credit card (with last two month statements)
Income Proof For Mortgage Loan
- Latest salary slip
- Current dated salary Certificate with latest form 16.
- Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
Job Continuity Proof
- Form 16
- Relieving letter
- Appointment Letter (for last two months)
- Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)
HDFC Bank Mortgage Loan FAQ's
What Property can be considered as collateral for LAP?
You can provide your self-occupied Residential or Commercial property (Shops and Offices) as collateral.
Are there any additional charges for loan Pre-payment?
You may refer to the "Fees & Charges" option under the product "Loan Against Property" and "Loan Against Rental Receivables".
What are the fees & charges applicable?
You may refer to the "Fees & Charges" option under the product "Loan Against Property" and "Loan Against Rental Receivables".
Can I avail an Overdraft against my Property?
A Loan Against Property can be availed as a Term Loan with EMI repayments or as a Drop line Overdraft Facility.
What is the maximum tenure to repay the Loan Against Property?
A Loan Against Rent Receivables can be sanctioned for a minimum tenure of 12 months and a maximum tenure of 108 months. This however depends on the balance lease period and other parameters.
What is the maximum loan I can get against my Property?
You can get a Loan Against Property up to a maximum of 60%* of the market value of your property.
How do I apply for a Loan Against Property (LAP)?
"You can apply for a loan in the following ways: • Fill in the online application form and our representative will get in touch with you • Call one of our PhoneBanking numbers provided on the website • Visit your nearest branch • Our existing liability customers may also get in touch with their Relationship Managers/ Personal Bankers to know more and apply for LAP "
How can I make a request to foreclose my Loan Against Property account?
Kindly submit a written request to your nearest Retail Loan Service Centre to close your account. Our customer service desk will provide you with the necessary assistance.
What is PDC?
PDC stands for Post dated cheques. PDCs are collected for repayment of EMIs.
How much time will it take to decision an application for Loan Against Property?
Applications would be decisioned within 7 days, and in cases which involve customer availability for completing a field investigation or title search and valuation of a property, within 25 days.
How can I get my address changed in my loan account?
"In order to change your address in our records, you may visit the nearest Retail Loan Service Centerand submit the following documents: • Request form for Address Change. • Self Attested copy of your revised address proof along with the original address proof for validation. • In case a bearer submits the request on your behalf, a bearer authorisation along with KYC documents(self attested copy and original for validation) of the bearer, i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided. "
What will be done with the post dated cheques if I request to change the mode of repayment/ account for my loan?
Post Dated Cheques(PDCs)/Security Cheques submitted towards loan repayment that have not been encashed, will be defaced and retained by the Bank. In case, you wish to have your old Post Dated Cheques(PDCs)/ Security Cheques to be returned to you, kindly lodge a request at the Retail Loan Service Center or through PhoneBanking or write us an email at www.apnaloanbazaar.com within 45 days from the date of application of change in repayment instructions. In case, we do not hear from you within the stipulated period, the defaced cheques will be destroyed.
How can I change the mode of repayment/ account for my loan?
In the event that you wish to change the mode of repayment/bank account for your loan repayment, you may visit the nearest Retail Loan Service Center and submit your request with the revised account mandate/instructions.
What are the charges I have to pay to change the mode of repayment/ account for my loan?
A service charge of Rs.500 is applicable for changes in loan repayment instructions issued from non-HDFC Bank Account (ECS or PDC facility). A cheque/payorder/demand draft for Rs. 500 favouring "HDFC Bank Ltd Loan Account No. << >>" will be required along with the revised set of repayment instructions.
What are the charges I need to pay to foreclose my Loan Against Property?
In case you wish to foreclose your Loan Against Property, the foreclosure charges are applicable on the outstanding principal or Outstanding Limit as the case may be.(Pre-payment is allowed only after 6 months from the date of loan disbursement).
What are the charges I need to pay to foreclose my loan?
You may refer to the "Fees & Charges" option under the product "Loan Against Property" and "Loan Against Rental Receivables".
About HDFC Bank
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Things Keep In Mind While Avail a Mortgage Loan
A mortgage is actually made up of several parts – the collateral you used to secure the loan, your principal and interest payments and insurance.
Since most mortgages last 10 to 15 years of monthly payments, you should understand the how exactly it will works for you.
Type of Collateral You Are Offering
Principal And Interest
The principal is simply the sum of money you borrowed on mortgage.
Interest is what the lender charges you to use the money you borrowed, usually expressed as a percentage called the interest rate.
Principal and interest comprise your monthly payments in a process called amortization, which reduces your debt over a fixed period of time. With amortization, your monthly payments largely go toward paying off the interest in the early years, and gradually reduce the principal later on.
Factors That Affect your Loan Interest Rates
Expert Advice
Best Practices for Mortgage Loan
Things not to do for Mortgage Loan
Mortgage Loans Vs Lease Rental Discounting
Lease Rental Discounting | Mortgage Loan |
---|---|
Lease Rental Discounting (LRD) will be based on the actual rental you are receiving on the property. | Mortgage loans will be provided based on already owned property. |
There is no restriction on LRD loan usage. It can be used for any purpose. | There is no restriction on mortgage loan usage. It can be used for any purpose. |
Lease Rental Discounting (LRD) will be provided for max of 10 years, However it depends on the rental agreement Tenure. | Mortgage loans will be restricted to max of 10 years of term, which will be varying from bank to bank in India. |
Interest rate will be very from 11.00% to max of 15.00% based on the bank to bank. Generally Lease Rental Discounting (LRD) will be fixed interest loans. | Interest rate will be very from 10.5 % to max of 15% based on the bank to bank. Generally mortgage loans will be fixed interest loans. |
The money received from the LRD will be used for any purpose. There is no end use restriction on the amount. | If the money received from a mortgage loan is used for business purposes, the interest can be claimed as an expense on the balance sheet of the business. |
Loan can be availed up to max of Rs. 20.0 Cr under Lease Rental Discounting (LRD). | Mortgage Loans can be avail up to Rs. 30.0 Cr based on the type of property and its usage and value of property and eligibility of applicants as per banks norms. |
There will be pre payment changes will be applicable for Lease Rental Discounting (LRD). This will be vary from 1% to 4% as per bank internal guidelines. | There will be pre payment changes will be applicable for mortgage loans. This will be vary from 1% to 3% as per bank internal guidelines. |
Part/Pre Payments will be allowed based on the internal policies of the banks for Lease Rental Discounting (LRD). | Part/Prepayment will be allowed as per bank internal policies for Mortgage loans. |
Lease Rental Discounting (LRD) eligibility depends on the type of tenant and credibility of tenant. | Mortgage loans also avail with the joint eligibility as company and director or blood relatives. |
Banks can consider 90% of the Lease Rental value as repayment for loan under the Lease Rental Discounting (LRD) . | In Mortgage Loan max of 65% property value can avail as a Loan based on the type of property. |
You can avail a top loan facility on your Lease Rental Discounting (LRD). | Top up facility will be varying from bank to bank internal guidelines. |
About Tirupati
Tirupati is a city in Chittoor district of the Indian state of Andhra Pradesh. It is a municipal corporation and the headquarters of Tirupati (urban) mandal, and of the Tirupati revenue division.As of 2011 census, it had a population of 287,035, making it the ninth most populous city.
It is the seventh most urban agglomerated city in the state, with a population of 459,985. Tirupati is one of the holiest Hindu pilgrimage site because of Tirumala Venkateswara Temple, besides other historical temples, and is referred to as the "Spiritual Capital of Andhra Pradesh".
Places To Be Visited In Tirupati
Swami Pushkarni Lake
Swami Pushkarni Lake lies within the sacred premises of Thirumala Venkateswara Temple. A place of utmost reverence and religious significance, it’s believed that Lord Venkateswara himself bathed in this lake along with his consorts. In fact, the lake is considered to be as holy as the mighty River Ganges.
Thirumala Venkateswara Temple
One of the holiest and most sacred Hindu pilgrimage temples in the world, the Thirumala Venkateswara Temple stands tall in full glory on the seventh peak, the Venkatachala, of the majestic Tirupati Hills.
Chandragiri Palaces and Fort
Chandragiri was the fourth capital of Vijayanagar Empire and is most famous for its historical fort built in the 11th century as well as the Raja and Rani Palaces found within it. It was in the year 1646 when the fort was won over by the Golkonda territory and then came under Mysore rule. The Raja Mahal is now an archeological museum and is a brilliant example of Indo-Saracenic architecture of Vijayanagar period. The three-storeyed palace with its tall towers standing for certain Hindu architectural elements, was made of stone, brick and lime mortar. The Queen’s Palace or the Rani Mahal is just like the King’s Palace in terms of architecture.
Silathoranam
Silathoranam is one of the few natural bridges or arches to be found in Asia. It’s a natural rock formation and has the peculiar shape that appears to be the hood of a serpent and a conch. This is perhaps why it is believed that the idol of Lord Venkateswara at the Tirumala Venkateswara Temple is exactly of the same height as the Silathoranam.
Talakona Waterfalls
With a 270 feet-fall, Talakona is the highest waterfall in Andhra Pradesh. The region has a serne quality and it was declared as a biosphere reserve in 1989-90 because of the rich variety of flora and fauna here. The forests here are home to some rare and endangered species of animals such as Slender Loris, Indian Giant Squirrel, Mouse Deer, Golden Gecko, Panther, Porcupine, Chital and Sambar. The forest has a large cover of sandalwood trees and medicinal plants.
Sri Padmavathi Ammavari Temple
This is the temple of Sri Padmavathi Devi, the consort of Lord Sri Venkateswara.The temple is about 5 kilometres away from Tirupati, and there’s a reason why it is located away from the Lord’s temple. Legend has it that the Lord (Sri Maha Vishnu, who later took on the incarnation of Sri Venkateswara) expressed his worship towards the sage, Bhrigu Maharshi, even though the sage had insulted Vishnu. This enraged his consort, Sri Maha Lakshmi, who went to Patala Loka, where she heard a divine voice stating that a pushkarini was dug on the banks of the river Swarnamukhi. So, she immersed herself here in penance for 12 years. In the 13th year Sri Padmavathi emerged from a golden lotus. It is also said that Goddess Mahalakshmi herself emerged as Sri Padmavathi.