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Purpose for Loan Against Property

Wedding Expenditure
Medical Emergencies
Balance Transfer
Higher Education
Travel & Tourism
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IDFC First Bank Loan Against Property in Purnea, Bihar

If you are looking for funds, then you can rely on IDFC FIRST Bank Loan Against Property. IDFC FIRST Bank provides the highest loan value of your property - up to 80%. With extended loan tenure of up to 20 years, you end up paying lower EMIs. IDFC FIRST Bank offers funds for all types of properties such as residential, commercial, industrial plots, godowns, etc. If you have already availed of a Loan Against Property with another financier, you can transfer it with ease & enjoy amazing benefits like the top-up facility.





EMI Calculator

₹ 

500000

36

 months

10

 %

Monthly EMI

₹ 

₹ 32,124.56

Total Interest

₹ 

10,622.78

Principal Amount

₹ 

500000

Payable Amount

₹ 

160,622.78

Created with Highcharts 4.1.3 EMI Calculator Loan : 93.4 % Interest : 6.6 %
Pay
No.		 Begining Balance EMI Principal Interest Ending Balance
1 150000.00 32124.56 28637.06 3487.50 121362.94
2 121362.94 32124.56 29302.87 2821.69 92060.07
3 92060.07 32124.56 29984.16 2140.40 62075.91
4 62075.91 32124.56 30681.30 1443.26 31394.61
5 31394.61 32124.56 31394.64 729.92 -0.03


IDFC First Bank Loan Against Property Important Information







Eligibility Criteria for IDFC First Bank Loan Against Property


Who can apply?



Documents Required for IDFC First Bank Loan Against Property


For Salaried For Self-Employed



Fees & Charges for IDFC First Bank Loan Against Property





FAQ for IDFC First Bank Loan Against Property

    What is a Loan Against Property?

    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.

    What is the minimum and maximum property loan tenure?

    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.

    What is the minimum and maximum mortgage loan amount I can apply for?

    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.

    What kind of properties are eligible as collateral for this mortgage loan?

    Properties eligible as collateral for our Loan Against Property are as follows:

    • Residential
    • Commercial
    • Industrial plots
    • Godowns

    What are the features of this property loan?

    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


Note: This content is taken from IDFC First Bank website