IDFC First Bank Loan Against Property

A Mortgage Loan from IDFC First Bank to meet your financial needs

The perfect loan scheme to consolidate your debts

IDFC First Bank Loan Against Property

This loan helps borrowers get access to funds by mortgaging their property to the bank to meet their urgent financial needs such as wedding expenses, travel expenses, medical exigencies, higher education and so on. This loan can also be repurposed into a consolidation loan to pay off high-interest debts

Features of IDFC First Bank Loan Against Property

Why this Loan?

  • The IDFC First Bank Loan Against Property is meant for borrowers who want to avail financial assistance by mortgaging their property to the bank to meet their urgent financial needs such as travel expenses, medical expenses, debt consolidation, etc.
  • Borrowers can increase their loan eligibility by adding the income of other family members

Loan Amount

  • The maximum loan amount sanctioned under this loan scheme is Rs. 5 crore. Borrowers can get up to 60% of the property value as loan amount under this scheme


  • As of October 2020, the interest rate applicable to this loan is 12.50%


  • This loan must be repaid within 15 years

Margin Money (Borrower’s Contribution to Total Cost)

  • As of October 2020, this information is not mentioned on the bank’s website. Please talk to a representative to get more details

Security Needed

  • The bank asks for the first charge of equitable/registered mortgage of property

Processing Charges

  • The bank charges 3.00% of the loan amount for processing this loan

Documents Needed for Individuals (Salaried and Self-employed)

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan / Form 26AS / TDS Certificate, IT Assessment, etc.
  • Property related documents

Reference Facts

  • IDFC First Bank Website:
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Toll-Free Number: 1860 500 9900