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HDBFS Interest Rates 2024 – Secured & Unsecured Loans

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HDBFS Interest Rates and Charges

  • Charges
    Charge Name Loan Against Property Loan Against Securities Loan Against Gold Auto Refinance Loan For Commercial Vehicles Personal Loans
    Application Fee Upto Rs. 5,000/- per Asset Upto Rs. 5,000/- per Asset – – Upto Rs. 5,000/- per Asset –
    Loan Processing Fee 1.5% 1.5% 1.5% 1.5% 1.5% 3%
    Bounce Cheque Charges 500 500 500 500 500 500
    Charges for Late Payment of EMI 2% per month on overdue EMI amount 2% per month on overdue EMI amount 2% per month on overdue EMI amount 2% per month on overdue EMI amount 2% per month on overdue EMI amount 2% per month on overdue EMI amount
    PDC/ECS Swap Charges 500 500 500 500 500 500
    Statement of Account Charges 1000 1000 1000 1000 500 500
    Document Retrieval Charges 750 750 750 750 750 750
    Copy of Property/Security Papers 750 750 750 750 750 NA
    NOC Revalidation Charges NA NA NA 500 500 NA
    Additional Repayment Schedule 1000 1000 1000 1000 500 500
    Copy of Sanction Letter 750 750 NA NA NA NA
    Loan Cancellation Charges 10000 5000 5000 5000 5000 1000

    Note: The above charges are exclusive of Service Tax. Please refer to your Loan agreement for the exact charges.

  • Prepayment/Foreclosure charges
    Months on Books
    Product 0-6 Months 6-12 Months 12-18 Months 18-36 Months 36 Months & Above
    Loan Against Property Not Allowed 6% 5% 4% 2%
    Loan Against Securities Not Allowed 6% 5% 4% 2%
    Loan Against Gold Not Allowed 6% 5% 4% 2%
    Loan For Commercial Vehicles Not Allowed 4% 2% 2% 2%
    Personal Loans Not Allowed 6% 5% 4% 4%
    Auto Refinance Not Allowed 6% 5% 4% 2%

    Service Tax, as applicable, will be charged on prepayment charges
    Note: If the Loan Facility is being transferred to another bank / financial institution- an additional 2% of Principal Outstanding will be charged over and above the slabs mentioned above in case of LAP product.

  • Normally applicable Indicative interest rates are:
    Product Rate
    Loan Against Property 13.00-20.00%
    Loan Against Securities 13.00-20.00%
    Loan Against Gold 13.00-18.00%
    Loan For Commercial Vehicles 13.00-19.00%
    Personal Loans 18.00-33.00%
    Auto Refinance 15.00-22.00%
    Loan against Shares 13.00-16.00%

    The Rate of Interest on your loan will be based on the Risk parameters, Market conditions and Cost of Funds.

    Unless stated otherwise explicitly in your loan agreement, Loan Against Property, Loan Against shares and any other loans with a contracted tenure of more than 36 months are offered on Floating Rate of Interest Basis only.

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