IDFC First
Loan Against Property

Tip: Check free credit score before applying for a loan

• Avail customised IDFC First Mortgage Loan up to 80% of property value.
• Individuals & non individuals, residents & non-residents can apply.
• High value loans available against residential, commercial or industrial units.
• IDFC First Loan Against Property amount ranges between Rs 10 Lakh to 7 Crore.
• Maximum tenure for IDFC First LAP can go up to 20 years.
• IDFC First Loan Against Property interest rates start at 7.35% p.a.
• Currently lowest IDFC First Loan Against Property EMI is Rs 797 per lakh.
• Maximum processing fee may go up 3%. A 50% waiver is also available on processing charge.
• Non IDFC First LAP customers can opt for low cost IDFC Balance Transfer with top up.

Additional Info: You can also avail Loan Against Property without Income Proof and ITR

IDFC First Bank offers customised loans against different types of properties. The lowest IDFC LAP interest rate is 7.35% p.a. The effective rate of interest for your LAP application depend on your repayment capacity, credit score and property value & location.

To apply for IDFC First Loan Against Property, meet following criteria:

• You must have a stable income source. All profiles, including salaried individuals, self-employed professionals & non-professionals can apply. 
• Sole proprietorship/ partnership firm, company and business enterprises under the SME and MSME sector are also eligible for IDFC LAP.
• Individual borrowers should be between 23 to 70 years (or till retirement).
• The minimum business vintage required for the self-employed is 2 years.
• Salaried borrowers should have minimum work experience of 5 years.
• The lender will also assess past repayment record & cibil score.
• Equitable loan value collateral is required which can be in the form of residential, commercial, industry plot or godown.

Additional Reading: Online cibil score check by pan number

Use IDFC First LAP EMI calculator to calculate loan monthly loan instalment instantly for free. Share loan amount, tenure and the rate of interest and submit query. The calculator will share EMI as well as amortization schedule.

You can use the EMI Calculator to assess loan affordability and make an informed decision. Here is a sample EMI calculation for IDFC First LAP for various tenures at lowest ROI: 7.35%

Additional Info: You can also Check Loan Against Property EMI Calculator

IDFC First Loan Against Property EMI Calculation:

IDFC Bank offers customised mortgage schemes against all types of properties, such as:

• Residential
• Commercial
• Industial 
• Godowns

Customers can apply for IDFC First Bank’s Loan Against Property online or offline according to their preference. Online you need to provide minimal documentation, such as:

• Income documents
• Average bank balance
• GST returns
• Rental income

LAP Balance Transfer can be availed with Top Up, subject to meeting adequate collateral requirement.

Contact IDFC First Loan Helpline on 1860 500 9900

between 9:30 am to 6.00 pm on all working days, except second and fourth Saturday and bank holidays.

Registered Office

IDFC FIRST Bank Ltd
KRM Tower, 7th Floor, No. 1,
Harrington Road, Chetpet,
Chennai - 600031, Tamil Nadu,
India

Corporate Office

IDFC FIRST Bank Ltd
Naman Chambers,
C-32, G-Block,
Bandra-Kurla Complex,
Bandra East, Mumbai - 400051,
India

Additional Reading: What is cibil score customer care number?