IDFC First Loan Against Property Highlights |
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Interest Rate | Floating- 9.00%-16.50% p.a. Fixed- 9.00%-20% p.a. |
Loan Amount | Up to Rs 7 crore |
LTV Ratio | Up to 70% of property value |
Tenure | Up to 20 years |
Processing Fee | Up to 3% of loan amount |

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Table of Contents
IDFC First Bank Loan Against Property Interest Rates
Floating Interest Rates
Slab (Rs) | Interest Rate (p.a.) |
>=10 lakh | 9.00%-16.50% |
Fixed Interest Rates
Loan Amount Slab (Rs) | Interest Rate (p.a.) |
>=10 lakh to <50 lakh | 9.00%-20% |

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Compare Interest Rates on Loan Against Property for Top Banks & HFCs
Name of the Lender | Interest Rate (% p.a.) |
State Bank of India | 10.60-11.30 |
Bank of Baroda | 10.85-16.50 |
PNB Housing Finance | 9.25-15.00 |
IDFC First Bank | 9.00-16.50 |
HDFC Bank Limited | 9.50-11.00 |
L&T Housing Finance | 9.50 onwards |
LIC Housing Finance | 9.50-11.55 |
Godrej Housing Finance | 9.75 onwards |
ICICI Bank | 10.85-12.50 |
Tata Capital | 10.10 onwards |
Bajaj Housing Finance | 8.50-18.00 |
Axis Bank | 10.50-10.95 |
Kotak Mahindra Bank | 9.15 onwards |

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IDFC First Bank Loan Against Property Fees and Charges
Processing Fee | Up to 3% of loan amount |
Penal charges | 2% of unpaid EMI or Rs 300, whichever is higher |
Pre-payment Charges | NIL |
Foreclosure Charges | NIL |
Loan Rescheduling Charges | Rs 1,000 |
Loan Cancellation and Rebooking | Rs 10,000 |
Document retrieval charges | Rs 500 |
Initial money deposit charges | Rs 6,500 |

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Also Check Loan Against Property EMI Calculator
Eligibility Criteria for IDFC First Bank Loan Against Property
- Salaried
- Self-employed professionals
- NRI individuals
Documents Required for IDFC First Bank Loan Against Property
For Salaried
- Photo ID proof and address proof
- Income Proof: ITR/Form 16 for last 2 years, salary account statement for last 6 months, salary slips for last 3 months
- Details of ongoing loans
- Property documents
For Self-employed
- ID proof and address proof
- Business Proofs: Memorandum of Association (MOA) & Article of Association (AOA)/GST Registration/Shop Act License/ITR/Partnership deed
- Property documents
Any one additional document set basis additional program
- Basis Banking:
Bank statement of last 6 months for loans up to Rs 2 crore or 1 year, latest year ITR along with latest year’s financials
- Basis GST:
ITR for last 1 year or financials for last 1 year/ net worth statement by CA/ bank statement for last 3 months/ last 1 year GST returns
- Basis Income:
Latest ITR along with latest year financials, bank statement for last 6 months for loans up to Rs 2 crore, else 12 months

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FAQs
Q. Can I apply for LAP jointly, and who all join as co-applicants?
Ans. Yes, you can apply for LAP jointly with spouse, parents or children. Also, it is mandatory that all co-owners of the property be declared as co-applicants.
Q. When will I receive my Income Tax certificate?
Ans. IDFC Bank provides I-T certificate to customers in the welcome kit, or you can also request for a provisional certificate any time during the course of the year.
Q. What type of property can be used to avail LAP?
Ans. In order to avail LAP, any commercial, residential and industrial property can be used.
Q. Is it mandatory to get a property insurance?
Ans. Yes, the property against which you are availing LAP needs to be insured throughout the tenure of the loan in order to protect it against uncertain situations