Loan Against Property by HDFC
Sunday, June 6, 2010
HDFC has said it will give loans only up to 50% of the property’s market value, The loan value can go up to 60% if the borrower is an existing home loan customer. HDFC’s loan against property is available at an interest rate of 11.25% for loans up to Rs 1 crore and 11.00% for loans above Rs 1 crore. The loan term can be up to 15 years for both residential properties and non-residential properties.
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