IDFC FIRST Bank provides loan against property or mortgage loan for salaried/self-employed to fund your business or meet your personal requirement. IDFC FIRST Bank can help unlock the hidden value in your residential/commercial property to give you a loan against property. Our mortgage loans are especially designed to unlock the maximum value of your property. IDFC FIRST Bank provides loan up to 90% of your property’s value. IDFC FIRST Bank provides mortgage loans starting from 5 lakhs to 10 crores, repayment tenure upto 20 years at attractive interest rates starting is 10.25%, lowest EMI just 982/per Lakh.
Generally the purpose of the loan against property is Business expansion, purchase machinery, house expansion, Debt consolidation etc. Mortgage loan allows you to hold on to your property and at the same time, raise funds. Loan Against Property EMI is a fixed amount of money you pay IDFC First Bank towards repayment of your property loan EMI date is the 2nd or 5th of every month till your Mortgage loan is fully repaid. IDFC FIRST Bank also offers you a flexible part prepayment facility to help you in paying off your loan early.
Compare Loan Against Property Interest rates, processing fees from Banks like HDFC, ICICI, Axis, Kotak etc. You can calculate loan Against property monthly EMI through LoanMoney EMI Calculator. Just enter the loan amount, rate of interest and loan tenure, and you can find out the monthly instalment amount instantly. Minimal documents required to apply for IDFC FIRST Bank’s loan against property are easy to obtain. List of documents for loan against property: Photo Identity Proof, Address Proof, Property Document, Income Proof.
|Age||23 To 60 Years||23 To 70 Years||23 To 70 Years|
|Loan Amount||5 Lakh To 10 Crore||5 Lakh To 10 Crore||5 Lakh To 10 Crore|
|Tenure||Max. 20 Years||Max. 20 Years||Max. 20 Years|
|Rate of Interest / APR [Annual Percentage Rate]||10.25% To 11%||10.25% To 11%||10.25% To 11%|
|Features||Loan Tenure Upto 20 Yr. & Loan Up to 90% of Property Value||Loan Tenure Upto 20 Yr. & Loan Up to 90% of Property Value||Loan Tenure Upto 20 Yr. & Loan Up to 90% of Property Value|
|Processing Fees||Upto 1%||Upto 1%||Upto 1%|
|Documentation||KYC/Financial(2 Years) & Property Documents.||KYC/Financial(2 Years) & Property Documents.||KYC/Financial(2 Years) & Property Documents.|
|Age(Min-Max)||23 To 60 Years||23 To 70 Years||23 To 70 Years|
|Minimum Income||Min. 3 Lakh Per Annum||Min. 2.5 Lakh Per Annum||Min. 2.5 Lakh Per Annum|
|Loan Tenure||Upto 20 Years||Upto 20 Years||Upto 20 Years|
|Maximum Loan Amount||Max. 10 Crore||Max. 25 Crore||Max. 25 Crore|
|Employment/Business Continuity||Min. 5 Years||Min. 3 Years||Min. 3 Years|
|CIBIL Score||Min. 600||Min. 600||Min. 600|
|Fee||Amount to be Paid|
|Rate of Interest||9.50% To 11.80%|
|Loan Processing Charges||Upto 1%|
|Cheque Bounce Charges||NA|
|Cheque/ Instrument Swap charges||NA|
|Prepayment/ Foreclosure Charges||NA|
|Default Interest Rate||NA|
|Duplicate Statement Issuance Charges||NA|
|Duplicate Amortization Schedule Charges||NA|
|Duplicate Interest Certificate||NA|
|S(Provisional/ Actual) issuance Charges||NA|
A loan against property or a mortgage loan from IDFC FIRST Bank is a convenient way to fund your business or meet your personal needs. You can be self-employed or a salaried person to secure a mortgage loan. IDFC FIRST Bank can help unlock the hidden value in your property to offer you a loan against property.
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