Explore Your Options
IDFC Bank Loan against Property
IDFC Bank Loan against Property
Powered By
IDFC Bank Loan against Property
Apply Now
IDFC Bank Loan against PropertyHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 670+ |
| Applicant | Any Salaried & Self Employed |
| Applicant Age | (i) Salaried: 21 year to 65 Year (ii) Self Employed: 21 Year to 70 Year |
| Loan Amount & Tenure | (i)
Term Loan 50 Lac- 15 Cr ( 5 Year to 15 Year) (ii) Lease Rental Discounting-Upto 20 Cr |
| Login Fees | Nil |
| Rate of Interest & Type | 9%-11% (Reducing) |
| TAT | 5 days |
| Processing Fees | 0.5%-1% |
| Foreclosure Charges | (i) If MSME Registration-Nil (ii) Other-Upto 4% |
| Insurance | As per Age |
| Minimum Business Vintage | 3 Year |
| Lock In Period | 12 month |
| Part Payment Allowed | No |
| LTV | (i)
Residential-75% (ii) Commercial-70% (iii) Industrial-70% (iv) Plot-60% (v)
Hotel & Restaurent-50% (vi) if residential property is rented/vacant then LTV will be 5% lower (vii) If Commercial/Industrial Property Puchase/vacant/rented then LTV will be 5% lower (viii) Nursing Home (25 Bed+) 50% (ix) School (100+Students)-50% |
| Product | (i) Fresh Loan (ii) BT+Topup (iii) Commercial & Industrial Purchase (iv) Lease Rental Discounting |
| Program | (i)
Banking Program-5 Cr (ii) GST Product-3 Cr (iii) Income Program-15 CR (iv) Lease Rental Discounting-20 Cr |
| FOIR | (i) Salaried:<50k-60%,50K-1 Lac-65%, >1 lac-70% (ii) Self Employed-150% of Cash Profit |
| Cautious Profile | No Cautious Profile |
| Negative Profile | (i) Politian (ii) Share Traders (iii) NBFC (iv) Police(v) Liquor Seller (vi)DSA (vii) Applicant living in dominated area (viii) Real Estate |
| Funded Property | (i)
Residential Property (ii) Commercial Property (iii) Industrial Property (iv)
Mall & Commercial Complex Property (v) Plot (vi) Primary School & School (vii)Nursing Home viii) Hotel & Restaurant (viii) Godown & warehouse |
| Negative Property | (i)
Lease hold Property without PTM (ii)Stand Alone Basement (iii) Auction
Property (iv) Demolition List Property (v) Lal Dora Property (vi) PG Property (vii) Khasra & Khatauni Property (viii) Subject to Sale Deed Property (ix) GPA Property (x) Gift Deed Property (xi) Single Sale Deed Property (xii)Without MAP Property (xiii) Unapproved Freehold Property (xiv) Legal & technical not clear(xv) Stone Slab Property (xvi) Unapproved Farm House (xvii) Multi Tenanted Unit |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | Only School Property-5 Cr, Other Property 10 Cr |
| Any Specific Product for Professionals | No |
| USP | (i) Upto 3 Cr No financial Required (ii) Zero Login Fees |
IDFC Bank Loan against Property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 9 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,745 |
| Total Interest | ₹ 4,942 |
| Loan Amount + Interest | ₹ 104,942 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,165 | ₹ 2,070 | ₹ 26,235 | ₹ 75,835 | 24.16 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,832 | ₹ 2,873 | ₹ 78,705 | ₹ 3 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for IDFC Loan Against Property
Salaried income documents
-
KYC of applicant & Co-Applicant
-
Last 3 Month Salary Slip of Applicant
-
Last 12 month Bank Statement of applicant & co-applicant
-
Last 3 year ITR with computation of income of applicant & co-applicant
-
Last 2 Year Form 16 of applicant
-
26AS of last 2 year of applicant & co-applicant
-
Appointment letter of applicant if available
-
Agreement to Sale if purchase case
-
Property Paper with complete chain of last 13 years
-
LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
-
Sanction letter of all running loan
-
Latest utility Bill if owned residence or rent agreement if rented
-
2 Reference with contact details
Self Employed person documents
-
KYC of applicant & Co-Applicant
-
Last 3 year ITR with computation of income of applicant & co-applicant
-
Last 3 year audited balance sheet of applicant
-
Last 3 year Tax audit report of applicant
-
Last 12 month Bank Statement of applicant & co-applicant
-
26AS of last 2 year of applicant & co-applicant
-
Copy of GST registration
-
Copy of MSME registration
-
Copy of Last 12 month GST return
-
Agreement to Sale if purchase case
-
Property Paper with complete chain of last 13 years
-
LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
-
Sanction letter of all running loan
-
Debt Sheet
-
Latest utility Bill of residence if owned or rent agreement if rented
-
Latest utility Bill of Office if owned or rent agreement if rented
-
2 Reference with contact details
-
Last 3 year Debtors & Creditors on letter head
-
List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
Work Process
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
ReferLoan is a Marketplace which connect Financial institutes with prospective users through its integrated approach. ReferLoan helps users to increase their CIBIL Score and finding the best Financial Products from the available Financial Institutions. ReferLoan is the only Market Place which helps the users to explore the opportunities in Debt as well as in Equity.
Card
Copyright 2023 © Referloan.in.