Unlimited benefits with a start-to-finish digital process with IDFC First Bank Home Loans
The only FASTag with triple benefits
If you are looking for funds up to ₹7 crores, then you can rely on IDFC FIRST Bank Loan Against Property. We provide the highest loan value of your property - up to 80%. With extended loan tenure up to 20 years, you end up paying lower EMIs. We offer funding for all types of properties such as residential, commercial, industrial plots, godowns, etc. If you have already availed a Loan Against Property with another financier, you can transfer it with ease & enjoy amazing benefits like the top-up facility. What’s more, your foreclosure charges will be borne by us!Read More
Make the right decision for your funds requirement with IDFC FIRST Bank Loan Against Property.Read Less
1 Year 30 Year
8 % 15 %
You will pay an EMI of only monthly
"I would definitely like to make a special mention of my experience of Loan Against Property (LAP) that I have availed recently for my business. I was really struggling to communicate with some other banks which are faceless and operating only through call centers. I approached IDFC FIRST Bank with two major requirements - Lower Rate Of Interest and a longer Loan Tenure than what is being offered by terms of my ongoing LAP.To my amazement, both the requirements were perfectly addressed and to the extent I needed."
"The time taken for sanctioning our LAP, from the date papers were submitted was less than other banks normally take. There was constant follow-up done with our accounts department. It seems like banking is changing with the time, and IDFC FIRST Bank is the first to come forward. Special thanks to branch executives for coordinating and going an extra mile for making things happen in shortest time possible."
Any one of the additional documents set 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 home 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 Rs.10 lakhs up to a maximum of Rs.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