IDBI Loan Against Property – Interest Rates 2024, Emi, Documents
IDBI Loan Against Property: Get Details on Eligibility, Documents, EMI, Interest Rates, Processing Fees & Charges Charged By Bank on Property Loans. IDBI Bank’s LAP is money when you need it the most and at a lower rate of interest. Take a loan against your residential or commercial property for any amount ranging from Rs. 5 lakh to Rs. 10 crores for a period of upto 15 years.
IDBI Bank’s Loan against property can be availed for
- As a Business loan for expanding your business
- Marriage of your Son / daughter or marriage of a sibling
- Loan for higher studies
- Purchase of a new property or as a bridge loan
- Any other emergency like Medical Treatments etc.
IDBI Loan against Property Interest Rates 2024
| Loan against property | |
| Residential | 9.50% – 11.45% |
| Commercial | 10.75% – 11.70% |
| Loan For Commercial Property Purchase (LCPP) | 10.95% – 11.95% |
Prepayment charge of 2% on principal outstanding will be applicable if prepayment is made within 6 months of final disbursement.
IDBI Bank Advantage
- Tenor up to 15 years
- Attractive Rate of Interest
- Maximum Funding
- Interest rate on daily reducing balance
- Simple documentations
- Personalised doorstep services
The facility is offered to Salaried individuals, Self employed professionals, Businessman and NRIs (only for salaried).
Loan amount
- Upto 65% of the market value in case of residential property
- Upto 55% of the market value in case of leased out residential property
- Upto 50% of market value in case of commercial property
Prepayment charges – No prepayment/foreclosure charges after 6 months of final disbursement, if paid from own source of funds. Prepayment charge of 2% on principal outstanding will be applicable if prepayment is made within 6 months of final disbursement.
IDBI Loan against property Documents List
The Following documents are required along with The Application Form to process your Loan Application.
