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Apply for Loan Against Property Starting at 9.5%* p.a.

Loan up to ₹15 Cr with an extended tenure of 25 years
Get funding up to 80% of your property value
Attractive Rates of Interest & fully digitized process
Option to transfer your existing loan with top-up

Apply Now

Loan Against Property EMI Calculator

Loan amount

₹10L ₹15cr

Loan term in months

11 Months 300 Months

Choose the Interest Rate

9.5 20 %

Your EMI will be

₹2,174/Lakh

*Loan Against Property EMI Calculator is only for illustration purposes. For actual calculations refer to your Repayment Schedule & Loan Agreement.*T&C Apply

Overview
Benefits
Eligibility
Fees & Charges
How to apply
FAQs

Apply Now

Loan Against Property

A Loan Against Property (LAP) is a secured credit facility that helps you to access funds by pledging your owned property. Whether you are a salaried professional or a self-employed individual, this financing option can help you meet large-scale personal or business-related expenses without disrupting your savings.

At IDFC FIRST Bank, we offer a seamless and reliable mortgage loan solution that helps you unlock the hidden value of your property. You can avail funding up to 80% of your property’s market value, with flexible tenures of up to 25 years and competitive loan against property interest rate.

Be it for your child’s higher education, business expansion, medical emergencies, or a family wedding—our property loan offers tailored financing solutions to suit your needs. From residential and commercial properties to plots and institutional spaces, we offer coverage across a wide range of property types. Take the next step in securing your future.

Benefits of Loan Against Property

Higher Loan Value

Avail financing of up to 80% of your property's current market value. This high loan-to-value ratio enables you to access a large amount of funds without selling your property.

Flexible Repayment Tenure

Get flexible repayment options with property loan tenures extending up to 300 months. This long-term repayment period makes your EMIs more affordable and manageable, allowing you to repay the loan at your convenience without financial strain.

Multi-Purpose Use

The funds availed through your property loan can be used for diverse needs, including business expansion, higher education of children abroad, home renovation projects, or urgent medical expenses.

Top-Up and Balance Transfer

Already have a loan against property with another lender? You can easily transfer it to IDFC FIRST Bank and enjoy better interest rates, simplified terms, and even get additional top-up funding.

Funding for All Property Types

Whether it’s for residential, commercial, industrial, or institutional property—IDFC FIRST Bank’s loan against property can provide easy financing solutions tailored to your specific requirements.

Features of Loan Against Property

Get loans of up to ₹15 crore for tenures up to 300 months

Fast-track approval using GST returns or business bank statement

Avail fundings under Lease Rental Discounting Program with rental income

Dropline Overdraft facility with reducing balance overdraft

Purchase commercial property

Enjoy simplified process and personalised support

Dropline Overdraft

Are you facing unexpected expenses and need quick access to funds? Look no further!

A Dropline Overdraft Loan is a versatile financial product that allows you to access a pre-approved line of credit whenever you need it. This facility allows you to utilize amount up to an agreed limit. The withdrawal limit reduces every month till the end of the loan tenure. The interest is levied only on the utilized amount and not on the total amount borrowed. The amount can be deposited to the account anytime to reduce the outstanding balance.

Avail your Loan Against Property as a Dropline Overdraft Facility and enjoy amazing benefits like interest only on the amount utilized, instant access to funds, extended loan tenure of up to 300 months, and much more.

Key Features:

1. 24/7 instant access to funds

2. Continuous access to a predetermined line of credit

3. Flexibility to repay the borrowed amount

4. Interest payment only on the amount utilized

5. Financial security against unexpected financial emergencies

Loan Against Property Eligibility and Documentation

Check your Loan Against Property Eligibility

Before applying, you must meet the following basic loan against property eligibility criteria:

Eligible applicants:
• Salaried professionals
• Self-employed individuals
• Partnership firms
• Private companies
• Trusts, and societies
Salaried professionals
• Age: 21 years to 60 years or retirement, whichever is earlier
• Work Experience: Minimum 3 years
• Minimum Income:

(i) ₹2.4 lakh per annum for loans under ₹50 lakh
(ii) ₹10 lakh per annum for loans above ₹50 lakh
Self-employed individuals
• Age: 23 years to 70 years
• Business Vintage: At least 2 years of continuous operation
• Minimum Turnover:

(i) ₹0.75 lakh per annum for loans less than ₹50 lakh
(ii) ₹6 lakh per annum for loans above ₹50 lakh

Documents Required to Apply for Loan Against Property

To apply for a mortgage loan or loan against property, you must submit the following documents based on your employment type:

For Salaried Individuals
• Photo ID and address proof (as per KYC norms)
• Latest 2 years' ITR or Form 16
• 3 months’ salary slips
• Last 6 months’ bank statement reflecting salary credits
• Property ownership documents (complete chain and approved plan)
• Existing loan documents (if applicable)
For Self-Employed Individuals
• KYC documents and business proof (GST registration, MOA/AOA, Shop Act, etc.)
• Latest year’s ITR and audited financials
• 6 to 12 months’ bank statements based on the loan amount
• GST returns (if applicable)
• Property papers with title chain
• Existing loan documents (if any)

Interest Rates & Charges for Loan Against Property

Get attractive loan against property interest rate and transparent charges on your loan against property with IDFC FIRST Bank.

Type	Details
Interest Rate (ROI)	Starting from 9.50% p.a.*
Processing Fees	Up to 3% of loan amount
Disbursement Time	Minimum 15 working days
Stamp Duty	As applicable as per state laws
Late Payment/Penal Charges/Default Interest/Overdue (Per Month)	2% of the unpaid EMI or ₹300 whichever is higher
EMI bounce charges	7.5% of EMI bounced with minimum charge of Rs. 400 & maximum of Rs. 1000 (excluding GST)

*Interest rates are indicative and subject to change based on borrower profile, credit score, property type, and RBI repo rate movements.

Find out about our minimal and transparent fees & charges

Know More

How to Apply for a Loan Against Property

Step 1. Click on ‘Apply Now’:

Ready to apply? Click on the ‘Apply Now’ button.

Step 2. Check eligibility

Use the loan calculator to estimate the loan amount and EMI.

Step 3. Fill application form

Submit your personal, financial, and property details online.

Step 4. Upload documents:

Provide the required documentation digitally.

Step 5. Verification & approval

Our team will verify your documents and process your request.

Step 6. Get disbursal

Upon approval, the loan amount will be disbursed to your account.

You can also visit the nearest IDFC FIRST Bank branch during banking hours with all the necessary documents and apply for a loan against property offline.

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FREQUENTLY ASKED QUESTIONS

What is a Loan Against Property?

Loan Against Property is a mortgage loan offered to individuals, firms & companies against their existing property.

You can access the untapped potential of your real estate holdings with Loan Against Property. You can borrow money using your property as collateral, while paying it back over time via EMIs.

This way, you can continue to own your property and raise funds against it.

What can a Loan Against Property be used for?

You can use a Loan Against Property to raise funds for working capital, business expansion, debt consolidation, purchase of machinery, funding other business requirements, etc.

What kind of properties are eligible as collateral for Loan Against Property?

The below properties are eligible as collaterals for IDFC FIRST Bank Loan Against Property

• Residential

• Commercial

• Industrial

• Plots

What is the range of loan amounts, minimum and maximum, that I can apply for?

The minimum loan amount one can avail of is ₹10 Lakhs and up to a maximum of ₹15 Crores.

What is the minimum and maximum property loan tenure?

Being one of the leading banks in the Loan Against Property segment, we are currently offering our customers a loan tenure from a minimum of 12 months up to a maximum of 300 months.

What are the benefits of availing a Loan Against Property from IDFC FIRST Bank?

We have one of the best Loan Against Property solutions. Some of our major features are:

• Loan amount of up to ₹15 Crores for an extended tenure of 25 years

• Unique balance transfer and additional top-up facilities

• Higher mortgage loan facility basis audited financials

• Quick loan based on bank statements or basis GST returns

• Loan available for salaried individuals too

• Loan available based on your Rental income

• Loan also available for purchase of a commercial property

• Funding solutions for educational institutes, hospitals, and restaurants

• Superior customer experience with easy documentation and a hassle-free digitized processes

What are the different types of loans offered under Loan Against Property?

Loan Against Property can be availed in the form of a term loan or a dropline overdraft facility.

How does a term loan facility work?

Term loan is a type of credit facility that provides borrowers with a lump sum of cash upfront in exchange for specific borrowing terms.

Borrowers agree to pay their lenders a fixed amount over a certain repayment schedule with either a fixed or floating interest rate.

What is a Dropline Overdraft facility and how does it work?

Dropline Overdraft is another type of credit facility that allows you to withdraw funds from pre-approved credit limit as and when required.

With the dropline feature, the Overdraft limit gradually decreases over time until it reaches zero. You will be charged interest only on the overdraft amount utilized.

What are the different eligibility assessment criteria for availing a Loan Against Property?

The eligibility assessment criteria for availing a Loan Against Property from IDFC FIRST Bank include factors such as:

• Income - Eligibility calculation basis the derived income & net profit of the business

• Banking - Eligibility calculation basis the average bank balance

• GST returns - Eligibility calculation basis the annual business turnover

• Rental Income - Eligibility calculation basis the net rental

How do I apply for IDFC FIRST Bank Loan Against Property?

You can apply for IDFC FIRST Bank Loan Against Property via –

Our Website - https://www.idfcfirstbank.com/business-banking/loans/loan-against-property

Our Mobile App - https://my.idfcfirstbank.com/digital-banking-app

Our Branches - https://nearme.idfcfirstbank.com/

Our Loan Centres - https://www.idfcfirstbank.com/support/asset-branch

Or you can call us on 1800 10 888 and speak to our representative

What is the loan application process?

Here's a step by step break down of our application process for Loan Against Property:

• Submission of the Application Form along with the required documents,

• Document verification (mandatory verifications instituted to ensure validation of documents provided)

• Personal Discussion (for assessment & to understand the customer profile from a risk perspective)

• Legal & Technical valuation

• Credit Decision

• Loan Disbursement

Does IDFC FIRST Bank offer insurance for my Loan Against Property in case of an unforeseen event?

At IDFC FIRST Bank, we aim to safeguard our customer's interest by offering the below insurance covers:

• Property Insurance - Covers the tangible assets of a person's personal or commercial property from unforeseen events.

• Life Group Credit Protect - In event of death, disability or illness of the insured member, it will protect their families from the burden of repaying the outstanding loan to the financial institution.

• Health Protect plans - Covers medical expenses that arise due to an illness.

• Accident protect plan - Covers medical expenses pertaining to injuries like a broken limb, loss of a limb, burns, lacerations, or paralysis.

• EMI Protect Plan - Protection plan that offers insurance coverage on EMI in case you are unable to pay an EMI

How will my EMI be calculated?

The principal amount and the interest rate applied to the principal make up your EMI. The amount you borrow, the rate of interest charged, and the loan tenure are the variables that affect the EMI. If the interest rate increases, EMIs may alter.

By making a partial prepayment, that is, paying back more than you are obligated to, you can lower your EMI amount.

You can calculate your potential EMI here

What are the various charges incurred?

Click on the link to know more about the charges.

How is Dropline Overdraft different from an overdraft facility?

Unlike a standard overdraft where limit remains constant, a dropline overdraft is a revolving credit line wherein limit decreases every month and reduces to zero at the end of the loan tenure.

How is the interest charged on the borrowed amount for a Dropline Overdraft facility?

The interest is levied only on the utilized amount and not on the total amount borrowed. Interest is calculated daily and levied at the end of each month.

How does the limit drop for a Dropline Overdraft facility?

The withdrawal limit reduces every month till the end of the loan tenure. The limit can be renewed every year based on the repayment behaviour.

How can I foreclose my LAP earlier?

To foreclose a LAP earlier, kindly call on 180010888 or walk-in to your nearest IDFC First Bank Asset branch. To locate the nearest asset branch, click Find Nearest Asset Branch

Can I part-prepay my loan?

Yes, part-prepayment option is available for LAP. Based on the program selected, there will be charges levied for part-prepayment. You may refer to the sanction letter for applicable charges. You can also click Loan Against Property Fees and Charges to view the complete schedule of charges for your loan

Kindly call our customer care number 180010888 or walk-in to your nearest IDFC First Bank Asset branch. To locate the nearest asset branch, click Find Nearest Asset Branch

How do I change my repayment account?

Kindly call our customer care number 180010888 or walk-in to your nearest IDFC First Bank Asset branch. To locate the nearest asset branch, click Find Nearest Asset Branch

What are the Fees and Charges levied on my loan?

You may refer to your sanction letter for the applicable fees and charges. You can also click Loan Against Property Fees and Charges to view the complete schedule of charges for your loan

What are the foreclosure charges for repaying my loan?

You may refer to your sanction letter for the applicable fees and charges. You can also click Loan Against Property Fees and Charges to view the complete schedule of charges for your loan

What are the interest rates applicable for taking a LAP?

Click for Interest Rates

What is the eligibility criteria for getting a LAP?

Click for Eligibility Criteria

How can I avail overdraft facility for my business basis the LAP taken?

1. Click here to Apply
2. Give a call on the customer care number - 1800108883.
3. Walk-in to your closest IDFC First Bank Branch. To locate the nearest asset branch, click Find Nearest Asset Branch

Where can I get my loan related information?

Loan related information such as EMI, loan tenure, EMI date etc. is available on mobile banking app

1. Login to IDFC FIRST Bank mobile app and click on Loan
2. Select the loan account number
3. All loan related details will be available in 'Details' tab

Alternatively, you can also use WhatsApp banking

How do I check my repayment account number?

Repayment account details can be checked through mobile banking App

1. Login to IDFC FIRST Bank mobile app and click on Loan
2. Select the loan account number
3. In Details tab, you will be able to check the ECS bank name and ECS bank account number

How do I change my EMI due date?

Kindly call our customer care number 180010888 or Walk-in to your closest IDFC FIRST Bank Branch. To locate the nearest asset branch , click Find Nearest Asset Branch

How do I change my registered mobile number/ email ID?

Please visit your nearest IDFC FIRST Bank Branch. To locate the nearest asset branch, click Find Nearest Asset Branch

What documents are required for getting a LAP?

Click here to view list of documents required for applying a LAP

Click here to view list of documents required for applying a LAP How can I get an NOC for my LAP?

An NOC will be sent on your registered email ID within 24 hours after loan closure. The same can also be downloaded through WhatsApp banking - click and type 9904 from your registered mobile number. You can also login to the IDFC FIRST Bank mobile app, click on Loans and download the NOC through the Documents tab.

How can I download my Account Statement?

You may download the account statement through the mobile banking app by following the below steps:

1. Login to IDFC FIRST Bank mobile app and click on Loan
2. Select the loan number for which you would like to download the statement
3. Click on 'Statement of accounts'

How can I download loan repayment schedule?

You may download the repayment schedule through mobile banking app by following the below steps:

1. Login to IDFC FIRST Bank mobile app and click on Loan
2. Select the loan number for which you would like to download the repayment schedule
3. In 'Documents' tab, click on Repayment schedule

The same can also be downloaded through WhatsApp - click and type 9902 from your registered mobile number

How do I get the Digitally sign affixed on the CHG4 form post loan closure when the property owner is a non-individual?

We request you to send the filled and digitally signed CHG4 form from your registered email ID at Banker@idfcfirstbank.com. You will receive the digitally signed acknowledgement on the CHG4 form from IDFC FIRST bank within 48-72 Hrs.

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