Grow your business exponentially with IDFC FIRST Bank Loan Against Property and enjoy amazing benefits like a top-up facility, extended loan tenure of up to 240 months, and much more. With us, you can get a loan against property for all kind of residential, commercial, industrial plots, and godowns,.
In case you have a loan with another financier. we have also made it easier for you to transfer the loan with the help of simplified processes and minimal documentation. What’s more, the foreclosure charges that your existing bank may charge will be borne by IDFC FIRST Bank.Read More
Make the right decision for your business with IDFC FIRST Bank Loan Against Property.Read Less
MSMEs/ Non-Individual entities such as:
Any one of the additional documents basis selected program
It is a Mortgage Loan offered to individuals/firms/companies against their existing property. Typically, the purpose of the loan is business expansion, debt consolidation, etc., A Loan Against Property helps you unlock the hidden equity in your property holdings. You can borrow money using your property as collateral and repay it in EMIs over time. This allows you to hold on to your property and, at the same time, raise funds for your business.
Being one of the best banks for Property Loans, we offer our customers a loan tenure from a minimum of 12 months up to a maximum of 240 months.
Our Property Loan allows customers to apply for a minimum of ₹10 lakhs up to a maximum of ₹7 crores for their business, depending on the program they’ve selected.
Properties eligible as collateral for our Loan Against Property are as follows:
· Industrial plots
Apart from the many benefits of this loan, here’s a list of some of the features we offer:
· Superior customer experience with easy documentation and processes
· Unique loan transfer and top-up facility where loan closure charges will be borne by us
· Higher Mortgage Loan facility basis audited financials
· Quick loan based on business bank statements or your GST returns
· Loan Against Property for salaried individuals
· Rental income-based eligibility with a facility of lease rental discount program
· Avail Mortgage Loan to buy a commercial property
· Funding solutions for educational institutes, hospitals, and restaurants
Customers who wish to avail IDFC First Bank’s online Loan Against Property can apply basis the following:
· Income documents
· Average bank balance
· GST returns
· Rental income
· Balance transfer with top-up facility
We cannot predict future and hence we try to protect it by providing you insurance cover as below-
· Property insurance
· Group term insurance
· Life Group Credit Protect
· Health Protect plans
· Accident protect plan