HDBFS Interest Rates 2024 – Secured & Unsecured Loans
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.