Lawsuit Against First Franklin Financial Corp, a Subprime Lender, Alleges Violations of Fair Business Practices


#first franklin mortgage

#

April 04, 2007 16:37 ET

Lawsuit Against First Franklin Financial Corp, a Subprime Lender, Alleges Violations of Fair Business Practices Act, Says Plaintiff, Allison Morris

ATLANTA, GA — (MARKET WIRE) — April 4, 2007 — A lawsuit now in the United States District Court for the Northern District of Georgia against First Franklin Financial Corp, a subprime lender and operating subsidiary of Merrill Lynch Bank Trust Company, was amended today to add allegations of unfair and deceptive acts and practices. The suit alleges that the plaintiffs were denied a mortgage based on company claims that the plaintiffs say are fabrications and misrepresentations of their credit information. “The company may be looking to tighten its credit standards, but it should make sure its standards are lawful and don’t result in reckless, and intentionally dishonest and fraudulent conduct,” says Allison Morris, the plaintiff in this case.

Merrill Lynch Bank Trust Company acquired First Franklin in September 2006. Published reports show that while First Franklin was part of National City it did more than 650 loans per day or 13,000 loans per month to consumers in 2005. “With the number of loans they transact each day, I’d be surprised if we are the only applicants that have had this First Franklin experience. More than likely people with less than perfect credit let these kinds of misrepresentations and fraudulent claims go unchallenged and that’s what companies that do this are counting on. We’ve established a website, www.stopff.com. hoping to hear from others who have had similar experiences with First Franklin. Just ten instances such as ours could lead to a class action suit,” says Morris.

Before filing suit the plaintiffs say they wrote Mitch Narvett, manager of the Atlanta branch of First Franklin, asking that the company reconsider its decision. The plaintiffs subsequently wrote company president, L. Andrew Pollack, but never received a response from him. Morris says she believes there will be many more of these type lawsuits as subprime lenders continue to change their credit standards on the fly while showing little, if any, regard to consumers or the law.

Contact Information


Lawsuit Against First Franklin Financial Corp, a Subprime Lender, Alleges Violations of Fair Business Practices


#first franklin mortgage

#

April 04, 2007 16:37 ET

Lawsuit Against First Franklin Financial Corp, a Subprime Lender, Alleges Violations of Fair Business Practices Act, Says Plaintiff, Allison Morris

ATLANTA, GA — (MARKET WIRE) — April 4, 2007 — A lawsuit now in the United States District Court for the Northern District of Georgia against First Franklin Financial Corp, a subprime lender and operating subsidiary of Merrill Lynch Bank Trust Company, was amended today to add allegations of unfair and deceptive acts and practices. The suit alleges that the plaintiffs were denied a mortgage based on company claims that the plaintiffs say are fabrications and misrepresentations of their credit information. “The company may be looking to tighten its credit standards, but it should make sure its standards are lawful and don’t result in reckless, and intentionally dishonest and fraudulent conduct,” says Allison Morris, the plaintiff in this case.

Merrill Lynch Bank Trust Company acquired First Franklin in September 2006. Published reports show that while First Franklin was part of National City it did more than 650 loans per day or 13,000 loans per month to consumers in 2005. “With the number of loans they transact each day, I’d be surprised if we are the only applicants that have had this First Franklin experience. More than likely people with less than perfect credit let these kinds of misrepresentations and fraudulent claims go unchallenged and that’s what companies that do this are counting on. We’ve established a website, www.stopff.com. hoping to hear from others who have had similar experiences with First Franklin. Just ten instances such as ours could lead to a class action suit,” says Morris.

Before filing suit the plaintiffs say they wrote Mitch Narvett, manager of the Atlanta branch of First Franklin, asking that the company reconsider its decision. The plaintiffs subsequently wrote company president, L. Andrew Pollack, but never received a response from him. Morris says she believes there will be many more of these type lawsuits as subprime lenders continue to change their credit standards on the fly while showing little, if any, regard to consumers or the law.

Contact Information


Chicago Criminal Defense Lawyer – Cook County, Illinois Battery Attorney – Law Office of Chris


#

Chicago Criminal Defense Lawyer

People who have been arrested and charged with a crime need a lawyer they can trust. Someone who not only understands their fears, but, who can guide them through the legal wilderness they are in.

That s where I come in. My name is Chris Shepherd, a lawyer living in downtown Chicago focusing on the legal needs of people arrested for a misdemeanor or felony in Chicago and throughout Cook County.

To learn more about me and my practice philosophy, read my Attorney Profile page.

Here s How I Can Help You

Most of my clients fall into two categories: a) people who have been arrested for misdemeanors. such as battery. shoplifting or soliciting a prostitute and b) people who have been arrested for felonies such as sexual assault. drug offenses and armed robbery.

Your Primary Objectives in Misdemeanor Cases

For clients charged with misdemeanors and some less serious felonies. my primary objectives as a Chicago criminal defense attorney are usually:

  • Getting you through the case with no permanent impact to your record and
  • Getting there in the quickest, least expensive and lowest risk way.

Today’s job market is extremely competitive and my clients are justifiably concerned with the impact a conviction or guilty plea can have on their earning potential and career prospects.

Depending on several specific factors, there are usually ways to achieve these goals through negotiations with prosecutors instead of lengthy and expensive litigation.

For more on this, read my Settlement Options page.

Your Primary Objectives in Felony Cases

For clients charged with serious felonies, quick resolutions are usually not an option, so the primary objective is avoiding jail. How do we do this?

Often at the beginning of a felony case, everything looks like it favors the police and prosecution. After all, if the prosecutor saw a serious weakness, they could easily have declined to bring the case.

The key in these high stakes cases is to out-think, out-imagine, out-investigate, out-research and out-prepare the other side. Experience teaches that out of court action ensures the greatest possibility of success in court.

In many cases, there is a single piece of evidence that severely weakens the prosecution s case leading either to total dismissal or a more favorable settlement offer. Securing a video before it is destroyed, finding criminal history in your accuser s background, getting witness statements down on paper before they disappear these are just a few of the many methods that have completely broken cases against my clients.

For more on this, read my Beat Your Case page.

Let s Have a Conversation

If you re the type of person who values experience and discipline in the people who serve you, get in touch. Since 2005, I have helped hundreds facing felony and misdemeanor accusations defeat the charges or at least control the damage they can cause. If there is a way to beat your case, I will find it. If there is a way to settle your case quickly while keeping your record clean, I will find it. On the way, phone calls and email will be answered promptly and you will have direct access to me personally.

For a free and confidential 15-minute consultation with a Chicago criminal defense lawyer, call me at 312.396.4112 or contact me online.


Loan Against Property #balloon #mortgage #calculator


#loan rates mortgage

#

Loan Against Property

Avail HDFC’s loan against property for your personal or business needs. Both residential and commercial properties can be mortgaged for taking a loan against property.

Salient Features :

  • Loans against fully constructed, freehold residential and commercial properties for:
    • Business Needs
    • Marriage, medical expenses and other personal needs
    • Transferring your outstanding loan availed from another Bank / Financial Institution
  • Longer tenure, smaller EMIs.
  • Attractive interest rates.
  • Easy and hassle free documentation.
  • Simple repayments through monthly instalments.
  • Integrated branch network for availing and servicing the loan anywhere in India.

Loan Essentials

Who Can Apply

You can apply individually or jointly for a Loan Against Property. All owners of the property will have to be co-applicants. However, all co-applicants need not be co-owners. Generally co-applicants are close family members.

Loan Term
  • You may spread out your payments for the loan over a maximum term of 15 years.
  • The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms of HDFC.
Maximum Loan Amount
Existing HDFC Customers

The principal outstanding on all existing loans and the LAP being availed should not cumulatively exceed 60% of the Market Value of the mortgaged property as assessed by HDFC.

  • New Customers

    The LAP being availed should not, generally, exceed 50% of the Market Value of the property, as assessed by HDFC.

  • Types of Loan Against Property
    Adjustable Rate Loan

    A Loan Against Property under the Adjustable Rate is linked to HDFC’s Retail Prime Lending Rate (RPLR). If there is a change in our RPLR, the interest rate on your loan will be revised once in three months depending on the date of your first disbursement with or without a change in EMI. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting usually in an extension of term of the loan, and vice versa when the interest rate decreases.

    Interest Rates

    Adjustable Rate Loan

    Please connect the nearest branch for any further details in this regards

    The Board of Directors at its meeting held on April 29, 2015 recommended a dividend of Rs. 13 per equity share of Rs. 2 each, subject to the approval of the shareholders at the 38th AGM to be held on Tuesday, July 28, 2015 at Birla Matushri Sabhagar, 19, New Marine Lines, Mumbai 400 020 at 3.00 P M.

    The Register of Members and the Share Transfer Books of the Corporation will remain closed from July 17, 2015 to July 28, 2015 (both days inclusive) for the purpose of payment of dividend for the financial year 2014-15.

    Shareholders who have not claimed their dividend for the F.Y. 2007-08, are requested to do so, on or before August 22, 2015, failing which it will be transferred to the IEPF and no further claim shall lie against the Corporation or the IEPF pursuant to Section 205C of the Companies Act, 1956.

  • RE-LOCATION OF INVESTOR SERVICES DEPARTMENT(ISD)

    All Investors are requested to take note that ISD will be re-located from Tel Rasayan Bhavan, Ground floor, Opp. BEST Workshop, Gate No. 4, Tilak Road Extn, Dadar T.T. Mumbai 400014 to the registered office of the Corporation located at 5th Floor, Ramon House, H. T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai – 400020 with effect from September 1, 2014. Contact details of ISD will remain unchanged.

    We request you to send all correspondence pertaining to the securities of the Corporation held by you to the said new address.

    QUICK LOAN FACILITY AGAINST DEPOSITS Loan against deposit is available after 3 months from the date of deposit upto 75% of the deposit amount, subject to the terms and conditions framed by HDFC. Interest on such loans will be 2% above the deposit rate. This facility is not available for deposits from minors and NRIs. The loan amount can be repaid either in part or in full at any time, before maturity date. In case loan is not repaid, the outstanding loan amount along with accumulated interest (including tax/levy, if any) would be recovered from the deposit amount on the maturity date or on premature withdrawal.

    Disclaimer Dear User, you will be redirected to hdfcred.com for showcasing of the properties. HDFC Ltd does not guarantee any funding or loan facility or endorse the displayed properties in any form or manner. All transactions are as per usual course of business and applicable law.


  • Lawsuit Against First Franklin Financial Corp, a Subprime Lender, Alleges Violations of Fair Business Practices


    #first franklin mortgage

    #

    April 04, 2007 16:37 ET

    Lawsuit Against First Franklin Financial Corp, a Subprime Lender, Alleges Violations of Fair Business Practices Act, Says Plaintiff, Allison Morris

    ATLANTA, GA — (MARKET WIRE) — April 4, 2007 — A lawsuit now in the United States District Court for the Northern District of Georgia against First Franklin Financial Corp, a subprime lender and operating subsidiary of Merrill Lynch Bank Trust Company, was amended today to add allegations of unfair and deceptive acts and practices. The suit alleges that the plaintiffs were denied a mortgage based on company claims that the plaintiffs say are fabrications and misrepresentations of their credit information. “The company may be looking to tighten its credit standards, but it should make sure its standards are lawful and don’t result in reckless, and intentionally dishonest and fraudulent conduct,” says Allison Morris, the plaintiff in this case.

    Merrill Lynch Bank Trust Company acquired First Franklin in September 2006. Published reports show that while First Franklin was part of National City it did more than 650 loans per day or 13,000 loans per month to consumers in 2005. “With the number of loans they transact each day, I’d be surprised if we are the only applicants that have had this First Franklin experience. More than likely people with less than perfect credit let these kinds of misrepresentations and fraudulent claims go unchallenged and that’s what companies that do this are counting on. We’ve established a website, www.stopff.com. hoping to hear from others who have had similar experiences with First Franklin. Just ten instances such as ours could lead to a class action suit,” says Morris.

    Before filing suit the plaintiffs say they wrote Mitch Narvett, manager of the Atlanta branch of First Franklin, asking that the company reconsider its decision. The plaintiffs subsequently wrote company president, L. Andrew Pollack, but never received a response from him. Morris says she believes there will be many more of these type lawsuits as subprime lenders continue to change their credit standards on the fly while showing little, if any, regard to consumers or the law.

    Contact Information


    Chicago Criminal Lawyer – Cook County Criminal Defense Attorney – Law Offices of David L


    #

    Chicago Criminal Defense Attorney

    Effective and Persuasive Defense of Misdemeanors and Felonies in Cook County and DuPage County

    Our firm understands that being charged with a criminal offense can be one of the most unsettling and daunting occurrences to happen to an individual. Nothing can prepare you for an arrest and subsequent stay at the local police station while awaiting questioning or for formal criminal charges to be brought against you or a family member. And if you have never been through this process before, your first inclination might be to make a statement in the hopes that they will set you free. This would be your first mistake. Before speaking with any law enforcement personnel, you need to obtain legal representation from an experienced Chicago criminal lawyer. DO NOT DISCUSS YOUR CASE WITH ANYONE INCLUDING LAW ENFORCEMENT UNTIL YOU HAVE AN ATTORNEY PRESENT TO PROTECT YOUR INTEREST AND PROVIDE LEGAL ADVICE!

    Whether you are the target of an investigation by a state or federal law enforcement agency or you have been formally arrested and charged, there are important step you can take to protect your rights, freedom and reputation. Police officers and detectives know that they have a distinct advantage when dealing with an unrepresented arrestee who might have only a limited understanding of his or her rights. Damaging admissions or inconsistent statements often become key components in a prosecutor s case. If you refuse to speak with the police and immediately assert your rights to have an attorney present, this is the best way to protect your future. When you are represented by legal counsel prior to charges being filed, your lawyer can protect your interest during interrogations, searches, lineups and other aspects of the pre-charge investigation process.

    Criminal defense lawyer David L. Freidberg recognizes that experiencing the cold steel of handcuffs around your wrist can be one of the most disturbing and disruptive experiences you can face. Whether you are charged with a misdemeanor or a felony offense, your liberty, reputation, financial security and driving privileges may be placed in immediate jeopardy. The impact of the terms of sentencing on your life can be compounded by adverse effects on your career, family, education and immigration status.

    Successfully Defending People Charged with Serious Crimes in Chicago for Two Decades

    Cook County criminal defense attorney David L. Freidberg provides extensive legal expertise and skill in challenging prosecutors in state and federal courts based on defending those charged with serious criminal offenses for over two decades. Mr. Freidberg s success in obtaining positive results for his clients while demystifying the criminal process has earned our law firm a wide range of accolades that including the following designations by AVVO, which rates every attorney across the nation:

    Rating of Excellent
    Clients Choice in 2015
    Criminal Defense Featured Attorney

    Chicago criminal attorney David L. Freidberg is firmly committed to the principle that every person deserves the most tenacious defense of his or her rights and liberty. He carefully scrutinizes every aspect of his clients cases from the initial contact with law enforcement, so he can identify violations of his clients constitutional rights and exculpatory evidence.

    Mr. Freidberg also understands that people typically have a barrage of questions when they are dealing with the criminal justice system. While the criminal process can be daunting, our goal is to explain your rights, potential penalties, defenses and the process in clear straightforward language. A greater understanding of the criminal justice system can demystify the court process and minimize an accused s apprehension and confusion. Mr. Freidberg provides the information you need to make you an effective partner in the legal process and enable you to make informed decisions.

    Committed to Your Success Get a Free Consultation Today

    Innovative and Proven Defense Strategies

    While there are many factors that must be considered when determining the best defense strategies in your case, Mr. Freidberg often uses private investigators, forensic experts and other resources to conduct a thorough investigation of the underlying facts. This careful scrutiny of the evidence, law enforcement procedures and facts ensures that our law firm can build an effective defense whether it is in pursuit of the dismissal of charges, an acquittal or a favorable plea agreement. Although many criminal cases ultimately are resolved by a plea agreement that keeps clients out of jail or prison and even prevents a permanent record of conviction, Mr. Freidberg diligently investigates the facts and researches applicable legal issues in preparation for a criminal trial. Our philosophy is that the best plea negotiations are based on preparing a winning trial strategy that will increase the risk for the prosecutor to take the case to a jury. Our law firm carefully crafts our approach to the unique facts of a case, but some of the defenses we might utilize when fighting for your freedom include:

    • Seeking suppression of evidence seized during an unlawful search or detention
    • Moving for exclusion of illegally obtained confessions or incriminating statements
    • Challenging suggestive lineups
    • Attacking the credibility or reliability of government witnesses
    • Exposing racial bias and inappropriate racial and ethnic profiling
    • Establishing the prosecutor failed to prove every element of the offense beyond a reasonable doubt
    • Exposing contamination of forensic evidence
    • Revealing shoddy lab work
    • Proving a break in the chain of custody
    • Revealing stops based on insufficient evidence
    • Arguing that the accused did not have the requisite intent

    Whether you are facing your first criminal prosecution or potential status as a habitual offender, an experienced Chicago criminal lawyer can make the difference between going home to your family and spending months or years in jail or the penitentiary. Although some people consider working with a public defender, Mr. Freidberg s defense of your case is not compromised by the limits in public funding and heavy caseloads that can hinder a court appointed attorney. While public defenders might be skilled and conscientious, they are often burdened by massive caseloads that make it difficult to meet and discuss your case. They might also have more limited financial resources to devote to forensic experts and expensive testing.

    Persuasive Criminal Defense to the Full Spectrum of Criminal Offenses

    Because Mr. Freidberg has provided effective criminal defense to hundreds upon hundreds of people accused of criminal offenses during his 20 years as a criminal defense lawyer, he is qualified to handle all types of crimes, such as:

    The criminal justice system is oppressive and unforgiving, so you should not settle for anything less than a Chicago criminal defense lawyer with an unwavering commitment to your interest and the experience to take on seasoned prosecutors. Our law firm is ready to prepare your case for trial and fight tooth and nail for your future.

    Speak with an Experienced Criminal Defense Lawyer Today!

    Regardless of whether you elect to contact our criminal defense law firm, you should not discuss your criminal case with anyone other than your criminal defense attorney. Mr. Freidberg understands your concerns, and he is prepared to ferociously fight for you liberty and future. If you have been charged with any type of offense ranging from a misdemeanor to a violent felony, we invite you to talk to us to learn how we can help. Attorney David Freidberg is prepared to seek the best possible outcome for his clients whether pursuing a diversion option like deferred prosecution or trying a case to a jury. The Law Offices of David L. Freidberg, P.C. takes pride in being available by phone 24 hours a day, seven days a week. Call us at 312-560-7100 or contact us online today for a free, no-obligation initial consultation.


    Lawsuit Against First Franklin Financial Corp, a Subprime Lender, Alleges Violations of Fair Business Practices


    #first franklin mortgage

    #

    April 04, 2007 16:37 ET

    Lawsuit Against First Franklin Financial Corp, a Subprime Lender, Alleges Violations of Fair Business Practices Act, Says Plaintiff, Allison Morris

    ATLANTA, GA — (MARKET WIRE) — April 4, 2007 — A lawsuit now in the United States District Court for the Northern District of Georgia against First Franklin Financial Corp, a subprime lender and operating subsidiary of Merrill Lynch Bank Trust Company, was amended today to add allegations of unfair and deceptive acts and practices. The suit alleges that the plaintiffs were denied a mortgage based on company claims that the plaintiffs say are fabrications and misrepresentations of their credit information. “The company may be looking to tighten its credit standards, but it should make sure its standards are lawful and don’t result in reckless, and intentionally dishonest and fraudulent conduct,” says Allison Morris, the plaintiff in this case.

    Merrill Lynch Bank Trust Company acquired First Franklin in September 2006. Published reports show that while First Franklin was part of National City it did more than 650 loans per day or 13,000 loans per month to consumers in 2005. “With the number of loans they transact each day, I’d be surprised if we are the only applicants that have had this First Franklin experience. More than likely people with less than perfect credit let these kinds of misrepresentations and fraudulent claims go unchallenged and that’s what companies that do this are counting on. We’ve established a website, www.stopff.com. hoping to hear from others who have had similar experiences with First Franklin. Just ten instances such as ours could lead to a class action suit,” says Morris.

    Before filing suit the plaintiffs say they wrote Mitch Narvett, manager of the Atlanta branch of First Franklin, asking that the company reconsider its decision. The plaintiffs subsequently wrote company president, L. Andrew Pollack, but never received a response from him. Morris says she believes there will be many more of these type lawsuits as subprime lenders continue to change their credit standards on the fly while showing little, if any, regard to consumers or the law.

    Contact Information


    Lawsuit Against First Franklin Financial Corp, a Subprime Lender, Alleges Violations of Fair Business Practices


    #first franklin mortgage

    #

    April 04, 2007 16:37 ET

    Lawsuit Against First Franklin Financial Corp, a Subprime Lender, Alleges Violations of Fair Business Practices Act, Says Plaintiff, Allison Morris

    ATLANTA, GA — (MARKET WIRE) — April 4, 2007 — A lawsuit now in the United States District Court for the Northern District of Georgia against First Franklin Financial Corp, a subprime lender and operating subsidiary of Merrill Lynch Bank Trust Company, was amended today to add allegations of unfair and deceptive acts and practices. The suit alleges that the plaintiffs were denied a mortgage based on company claims that the plaintiffs say are fabrications and misrepresentations of their credit information. “The company may be looking to tighten its credit standards, but it should make sure its standards are lawful and don’t result in reckless, and intentionally dishonest and fraudulent conduct,” says Allison Morris, the plaintiff in this case.

    Merrill Lynch Bank Trust Company acquired First Franklin in September 2006. Published reports show that while First Franklin was part of National City it did more than 650 loans per day or 13,000 loans per month to consumers in 2005. “With the number of loans they transact each day, I’d be surprised if we are the only applicants that have had this First Franklin experience. More than likely people with less than perfect credit let these kinds of misrepresentations and fraudulent claims go unchallenged and that’s what companies that do this are counting on. We’ve established a website, www.stopff.com. hoping to hear from others who have had similar experiences with First Franklin. Just ten instances such as ours could lead to a class action suit,” says Morris.

    Before filing suit the plaintiffs say they wrote Mitch Narvett, manager of the Atlanta branch of First Franklin, asking that the company reconsider its decision. The plaintiffs subsequently wrote company president, L. Andrew Pollack, but never received a response from him. Morris says she believes there will be many more of these type lawsuits as subprime lenders continue to change their credit standards on the fly while showing little, if any, regard to consumers or the law.

    Contact Information


    Lawsuit Against First Franklin Financial Corp, a Subprime Lender, Alleges Violations of Fair Business Practices


    #first franklin mortgage

    #

    April 04, 2007 16:37 ET

    Lawsuit Against First Franklin Financial Corp, a Subprime Lender, Alleges Violations of Fair Business Practices Act, Says Plaintiff, Allison Morris

    ATLANTA, GA — (MARKET WIRE) — April 4, 2007 — A lawsuit now in the United States District Court for the Northern District of Georgia against First Franklin Financial Corp, a subprime lender and operating subsidiary of Merrill Lynch Bank Trust Company, was amended today to add allegations of unfair and deceptive acts and practices. The suit alleges that the plaintiffs were denied a mortgage based on company claims that the plaintiffs say are fabrications and misrepresentations of their credit information. “The company may be looking to tighten its credit standards, but it should make sure its standards are lawful and don’t result in reckless, and intentionally dishonest and fraudulent conduct,” says Allison Morris, the plaintiff in this case.

    Merrill Lynch Bank Trust Company acquired First Franklin in September 2006. Published reports show that while First Franklin was part of National City it did more than 650 loans per day or 13,000 loans per month to consumers in 2005. “With the number of loans they transact each day, I’d be surprised if we are the only applicants that have had this First Franklin experience. More than likely people with less than perfect credit let these kinds of misrepresentations and fraudulent claims go unchallenged and that’s what companies that do this are counting on. We’ve established a website, www.stopff.com. hoping to hear from others who have had similar experiences with First Franklin. Just ten instances such as ours could lead to a class action suit,” says Morris.

    Before filing suit the plaintiffs say they wrote Mitch Narvett, manager of the Atlanta branch of First Franklin, asking that the company reconsider its decision. The plaintiffs subsequently wrote company president, L. Andrew Pollack, but never received a response from him. Morris says she believes there will be many more of these type lawsuits as subprime lenders continue to change their credit standards on the fly while showing little, if any, regard to consumers or the law.

    Contact Information


    Loan Against Property #interest #rates #mortgage


    #loan rates mortgage

    #

    Loan Against Property

    Avail HDFC’s loan against property for your personal or business needs. Both residential and commercial properties can be mortgaged for taking a loan against property.

    Salient Features :

    • Loans against fully constructed, freehold residential and commercial properties for:
      • Business Needs
      • Marriage, medical expenses and other personal needs
      • Transferring your outstanding loan availed from another Bank / Financial Institution
    • Longer tenure, smaller EMIs.
    • Attractive interest rates.
    • Easy and hassle free documentation.
    • Simple repayments through monthly instalments.
    • Integrated branch network for availing and servicing the loan anywhere in India.

    Loan Essentials

    Who Can Apply

    You can apply individually or jointly for a Loan Against Property. All owners of the property will have to be co-applicants. However, all co-applicants need not be co-owners. Generally co-applicants are close family members.

    Loan Term
    • You may spread out your payments for the loan over a maximum term of 15 years.
    • The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms of HDFC.
    Maximum Loan Amount
    Existing HDFC Customers

    The principal outstanding on all existing loans and the LAP being availed should not cumulatively exceed 60% of the Market Value of the mortgaged property as assessed by HDFC.

  • New Customers

    The LAP being availed should not, generally, exceed 50% of the Market Value of the property, as assessed by HDFC.

  • Types of Loan Against Property
    Adjustable Rate Loan

    A Loan Against Property under the Adjustable Rate is linked to HDFC’s Retail Prime Lending Rate (RPLR). If there is a change in our RPLR, the interest rate on your loan will be revised once in three months depending on the date of your first disbursement with or without a change in EMI. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting usually in an extension of term of the loan, and vice versa when the interest rate decreases.

    Interest Rates

    Adjustable Rate Loan

    Please connect the nearest branch for any further details in this regards

    The Board of Directors at its meeting held on April 29, 2015 recommended a dividend of Rs. 13 per equity share of Rs. 2 each, subject to the approval of the shareholders at the 38th AGM to be held on Tuesday, July 28, 2015 at Birla Matushri Sabhagar, 19, New Marine Lines, Mumbai 400 020 at 3.00 P M.

    The Register of Members and the Share Transfer Books of the Corporation will remain closed from July 17, 2015 to July 28, 2015 (both days inclusive) for the purpose of payment of dividend for the financial year 2014-15.

    Shareholders who have not claimed their dividend for the F.Y. 2007-08, are requested to do so, on or before August 22, 2015, failing which it will be transferred to the IEPF and no further claim shall lie against the Corporation or the IEPF pursuant to Section 205C of the Companies Act, 1956.

  • RE-LOCATION OF INVESTOR SERVICES DEPARTMENT(ISD)

    All Investors are requested to take note that ISD will be re-located from Tel Rasayan Bhavan, Ground floor, Opp. BEST Workshop, Gate No. 4, Tilak Road Extn, Dadar T.T. Mumbai 400014 to the registered office of the Corporation located at 5th Floor, Ramon House, H. T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai – 400020 with effect from September 1, 2014. Contact details of ISD will remain unchanged.

    We request you to send all correspondence pertaining to the securities of the Corporation held by you to the said new address.

    QUICK LOAN FACILITY AGAINST DEPOSITS Loan against deposit is available after 3 months from the date of deposit upto 75% of the deposit amount, subject to the terms and conditions framed by HDFC. Interest on such loans will be 2% above the deposit rate. This facility is not available for deposits from minors and NRIs. The loan amount can be repaid either in part or in full at any time, before maturity date. In case loan is not repaid, the outstanding loan amount along with accumulated interest (including tax/levy, if any) would be recovered from the deposit amount on the maturity date or on premature withdrawal.

    Disclaimer Dear User, you will be redirected to hdfcred.com for showcasing of the properties. HDFC Ltd does not guarantee any funding or loan facility or endorse the displayed properties in any form or manner. All transactions are as per usual course of business and applicable law.