HDFC Bank Mortgage Loans in Chennai

HDFC Bank offers the most flexible option to raise fund instantly soon you need during an emergencies. You can raise fund through HDFC mortgage loan for both personal and business needs, no matter for what purpose you use the loan amount. The loan against property is designed especially by HDFC in order to support self-employed individuals and salaried people who want to meet some immediate fiscal emergencies but could not wait for long. Both residential and commercial properties can be mortgaged as security for the loan amount.

Features of Mortgage loan from HDFC Bank

  • The fund through mortgage loan can be used for any purposes
  • The process is fast and simple
  • Interest rates are attractive and affordable
  • Easy repayment tenure option and you can also opt longer term period
  • The EMI for mortgage loan will be certainly low when compared to other loan options
  • Self-employed can avail customized loan options that will be useful for them in various aspects
  • About 2% is taken as processing fee
  • About 4% is taken as pre-payment charges
  • There is no pre-payment charges for outstanding loan amount maximum of 25%

Eligibility for Mortgage loan

  • Both salaried and self-employed can apply for this mortgage loan
  • The applicant must hold proper address proof, salary proof, identity proof to avail mortgage loan
  • The applicant must be over 23 years and maximum of 65 years
  • The asset or property to be provided as collateral must have reasonable market value

Documents Required for Applying Mortgage loan

  • Applicant must provide proper address proof such as current telephone bill, ration card, voters' card, ration card
  • Identity proof must be provided such as driving license, employer's card, voter's card
  • Latest bank statement or passbook as the proof of income credited into your account regularly for past 6 months
  • Salary slip of last 3 months needs to be provided
  • Copies of property document must be provided
  • Self-employed must provide last 2 years certified financial statements