Apply for IDFC First Bank Loan Against Property

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Years Of Experience

About IDFC First Bank Loan Against Property

IDFC First Bank offers a secured Loan Against Property, providing financial support for various needs such as Wedding Expenditures, Medical Emergencies, Higher Education, Home Renovation, and Business Expansion.

LoanMoney, an authorized direct selling agent, can assist you in obtaining a Loan Against Property from various National, Multinational, and Non-Banking Financial Companies. As a registered and authorized Direct Selling Agent, LoanMoney provides reliable and trusted financial solutions tailored to your needs. Enjoy the benefits of a loan with minimal documentation, low-interest rates for an extended tenure, a swift approval process, nominal processing fees, and a range of flexible repayment options. Apply for a IDFC First Bank Loan Against Property and avail of all these benefits.

Features of IDFC First Bank Loan Against Property

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.

Details of IDFC First Bank Loan Against Property

Interest Rate
Eligibility Criteria
Documents Required
General Information

Interest Rate

Fee	Amount to be Paid
Rate of Interest	8.50% To 9.50%
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

IDFC First Bank Loan Against Property Eligibility Criteria

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 Co-applicant NA NA NA 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 Year Min. 3 Year Min. 3 Year CIBIL Score Min. 600 Min. 600 Min. 600

Particulars	Salaried	Self Employed	Professional

IDFC First Bank Documents Required

Photo Identity Proof: Passport, Pan Card, Voter Identity card, Driving License.
Address Proof: Bank Account Statement, Aadhaar Card, Electricity Bill, Telephone Bill.
Property Document:Copy of original sale deed, Allotment-possession letter, NOC from Society.
Income Proof:Latest ITR, Latest form 16, Latest salary slip/certificate, Bank details with last 6 months salary credited, Latest Audited Financials,
Business Proof -Qualification Certificate/Certificate of Practice(COP), Shop Act License/MOA & AOA/Sales TaxNat registration I Partnership Deed

IDFC First Bank General Information

	Salaried	Self Employed	Professional
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]	8.50% To 9.50%	8.50% To 9.50%	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%
Special	NA	NA	NA
Documentation	KYC/Financial(2 Years) & Property Documents.	KYC/Financial(2 Years) & Property Documents.	KYC/Financial(2 Years) & Property Documents.
Eligibility	Minimum age requirement is 23 years at the time of taking the loan and maximum of 60 years or retirement at the time of maturity 5 years’ work experience (for salaried individuals) Micro, Small and Medium Enterprises Clean record in terms of past loans and statutory payments.	Minimum age requirement is 23 years at the time of taking the loan and maximum of 70 years or retirement at the time of maturity Minimum 2 years in business in an industry with a positive net worth (for Self-employed) Micro, Small and Medium Enterprises Clean record in terms of past loans and statutory payments.	Minimum age requirement is 23 years at the time of taking the loan and maximum of 70 years or retirement at the time of maturity Minimum 2 years in business in an industry with a positive net worth Micro, Small and Medium Enterprises Clean record in terms of past loans and statutory payments.

Quick Enquiry for IDFC First Bank Personal Loan

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Purpose for Taking IDFC First Bank Loan Against Property

Wedding Expenditure

Make your wedding day more memorable by adding some extra facilities

Medical Emergencies

Fulfill your medical expenses like hospitalization bills, surgeries, and many other treatments.

Higher Education

Reduces the strain on your family savings and eliminates the need to liquidate your investments in fixed deposits.

Clients words

What our clients say

We pride ourselves on providing transparent and quality service to our clients, but you don’t just have to take our word for it. Read what our clients have to say about us.

Job Varghese

Client

I am totally satisfied by loan money and the way it services its customers.... especially I thank and appreciate Ms. Somya as she is a great resource to the organization. She has been constantly assisting me from start till the end and has been a very prompt and sensible officer as she could offer the relevant deal for me.

Vishwajeet Nanaware

Client

LoanMoney is really good in providing loan services. Particularly Chanchal, my loan assistant has great skills to communicate with her clients and understand their needs. She processed my personal loan on time. The rate of interest offered was lower than the others. it was overall a good experience with 100% satisfaction.

Avlokit Kaushik

Client

This is my second time in have taken a loan from LoanMoney. Kavita has helped me a lot..very cooperative very helpful very fast. Thanku again.

FAQ of Loan Against Property

How does the lending bank decide the amount that I can get as loan against property?
Basically, the bank looks at your repayment capacity. For calculating the loan amount, your income, age, eligibility, number of dependents, the income of spouse, assets, liabilities, stability, and business continuity and savings history are taken into consideration. However, the loan eligibility generally does not exceed 60 percent of the market value of the property.
Can there be a co-applicant for Loan Against Property?
You can include your spouse as a co-applicant and as a result, more amount is borrowed. However, if the property is co-owned, all the co-owners must mandatorily be co-applicants.
What is the processing fee for such a loan?
The processing fee for a loan against any property varies from bank to bank and is generally around 1 percent.
How is the interest rate calculated on Loan Against Property?
Interest is calculated on the daily decreasing balance. Your monthly out-go (Equated Monthly Installment - EMI) is very less as compared to the interest on the annual reducing balance.

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Noida - 201305, India

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Apply for IDFC First Bank Loan Against Property

20

About IDFC First Bank Loan Against Property

Features of IDFC First Bank Loan Against Property

Details of IDFC First Bank Loan Against Property

Interest Rate

Eligibility Criteria

Documents Required

General Information

Interest Rate

IDFC First Bank Loan Against Property Eligibility Criteria

IDFC First Bank Documents Required

IDFC First Bank General Information

Quick Enquiry for IDFC First Bank Personal Loan

How much do you need?

Purpose for Taking IDFC First Bank Loan Against Property

Wedding Expenditure

Medical Emergencies

Higher Education

What our clients say

Job Varghese

Vishwajeet Nanaware

Avlokit Kaushik

FAQ of Loan Against Property

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