Life doesn’t wait. Neither should your finances. Whether it’s a startup idea, a home makeover, or an urgent bill, IDBI Bank’s Loan Against Property has your back. Up to ₹5 Crore at 9.40% p.a., repayable over 17 years. Your property stays yours—no strings attached. Quick, hassle-free, and zero asset loss.
IDBI Bank Loan Against Property Highlights
Here’s a quick overview of the key features—interest rates, loan amounts, and fees—so you can decide if the home loan is the right choice for you.
| Aspects | Highlights |
|---|---|
| Interest Rates | 9.50% p.a. onwards |
| Loan Amount | Up to ₹10 Crores |
| Tenure | 15 Years |
Suggested Read: How to Get a Loan Against Airbnb Property?
IDBI Bank Loan Against Property Interest Rates
Check out the interest rates for home loan in 2025 to get an idea of your potential EMI and costs.
| Loan Type | Property Type | Interest Rate (p.a.) |
|---|---|---|
| LAP – Floating Rate Loan | Residential Property | 9.50% – 11.45% |
| LAP – Floating Rate Loan | Commercial Property | 10.00% – 11.70% |
| LAP – Fixed Rate Loan (Fixed for 5 yrs) | Residential Property | 12.40% – 12.55% |
Suggested Read: Home Loan vs. Loan Against Property
Types of IDBI Bank Loan Against Property
IDBI Bank offers a range of Loan Against Property (LAP) products tailored to meet diverse financial needs of individuals and businesses. Whether it’s for personal milestones like education or marriage, or business requirements such as working capital or expansion, LAP provides access to high-value funds by leveraging owned property—be it residential, commercial, or rental income-generating assets.
| Product Type | Purpose |
|---|---|
| LAP (Mortgage Loan) | Personal or business needs: education, marriage, home purchase/expansion, medical, etc. |
| LAP (Overdraft Facility) | Short-term working capital needs for businesses: raw materials, salaries, etc. |
| LAP (Against Rent Receivables) | Monetize rental income for funding business, property work, education, or productive expenses |
IDBI Bank Loan Against Property Eligibility Criteria
Find out the basic eligibility requirements, such as age, income, and existing home loan status, before applying for a home loan.
| Criteria | Details |
|---|---|
| Loan Amount Basis | Based on applicant’s repayment capacity |
| Factors Considered | Age, income, occupation, dependents, liabilities, assets, spouse’s income, savings history |
| Loan-to-Value (LTV) Ratio | Should not exceed 85% of the property’s value |
Suggested Read: Loan Against Agricultural Land
IDBI Bank Loan Against Property Processing Fees
Understand the processing fees involved so you can factor them into your overall cost when opting for a home loan.
| Particulars | Card PF |
|---|---|
| All Loan Amounts | 0.50% – 1.00% of the loan amount Minimum: ₹10,000 |
IDBI Bank Loan Against Property Other Fees and Charges
Be aware of any extra charges, such as prepayment penalties or overdue fees, that may apply to your home loan.
Foreclosure Charges (Plus taxes)
| Loan Type | Condition | Charge |
|---|---|---|
| Home Loans to individuals (Floating Rate) | – | NIL pre-payment/foreclosure charges |
| Mortgage Loans to individuals (non-business purpose) | – | NIL pre-payment/foreclosure charges |
| Mortgage Loans to individuals (business purpose) | Up to 12 months of disbursement | 3% on sanctioned loan amount |
| Beyond 12 months | 3% on outstanding loan amount | |
| Mortgage Loans to non-individuals | Up to 12 months of disbursement | 3% on sanctioned loan amount |
| Beyond 12 months | 3% on outstanding loan amount | |
| Fixed Rate Loan – Own Funds (≤ 6 months) | – | 2% on outstanding loan amount |
| Fixed Rate Loan – Own Funds (> 6 months) | – | NIL pre-payment/foreclosure charges |
| Fixed Rate Loan – Balance Transfer | – | 2% on outstanding loan amount |
Part Payment Terms and Conditions
| Loan Type | Condition | Charge |
|---|---|---|
| Home Loan | Max Number of Payments | Not more than one per month |
| Minimum Amount | ₹25,000 | |
| Mortgage Loan Variants | Max Number of Payments | 4 times per financial year |
| Max Amount (per financial year) | Up to 30% of sanctioned amount | |
| Minimum Amount | ₹25,000 | |
| Additional part/pre-payments beyond limit | Not allowed |
Penal Charges for Default/Delayed Payment
| Charge Type | Rate |
|---|---|
| Penal Interest | 2% per annum on overdue amount (plus applicable taxes) |
Property Inspection Charges (Plus taxes)
| Loan Type | Loan Amount Slab | Charge |
|---|---|---|
| Home Loan (Rural/Semi Urban/Urban) | Up to ₹35 Lakh | ₹750 |
| ₹35–₹75 Lakh | ₹1500 | |
| Above ₹75 Lakh | ₹2000 | |
| Mortgage Loans & Variants | Up to ₹50 Lakh | ₹750 to ₹1500 |
| ₹50–₹100 Lakh | ₹1250 to ₹2500 | |
| Above ₹100 Lakh | ₹2500 to ₹5000 |
Partial Property Release / Property Swapping Charges (Plus taxes)
| Charge Type | Amount |
|---|---|
| Property Swapping Charges | ₹25,000 * |
| Partial Release of Property | ₹10,000 |
Legal & Technical Charges for Home Loans (All Variants) – Plus taxes
| Property Location | Legal Charges | Technical Charges |
|---|---|---|
| Metro & Urban | ₹2500 | ₹2500 |
| Semi Urban & Rural | ₹2500 | ₹2500 |
Interest Rate Conversion Charges (Plus taxes)
| Conversion Type | Account Type | Charge |
|---|---|---|
| Floating rate → RLLR linked | Individual | ₹5000 |
| Floating rate → RLLR linked | Non-individual | 0.25% of outstanding loan amount |
| Home Loan Interest Saver → Regular Loan / Mortgage Loan | – | 0.50% of outstanding loan amount |
| Fixed Rate Loan → Floating Rate (prior to end of fixed term) | – | 0.50% of outstanding loan amount |
Other Charges
| Service | Charge |
|---|---|
| Cheque Book Issuance | ₹5 per leaf |
| Omni Pay Issuance | ₹1.10 per ₹1000; Minimum ₹53 |
| Other Charges | As per latest Schedule of Charges (SOC) of FDOD |
Suggested Read: LAP Tax Benefits
IDBI Bank Loan Against Property Documents Required
Ensure you have all the necessary documents ready, from identity proof to income statements, to make the home loan application process smooth.
For Salaried Customers
| Document | Particulars |
|---|---|
| Application Form | Application form with photograph |
| Identity & Address Proof | Identity and residence proof |
| Bank Statement (3-month salary slips) | Latest salary-slip for the last 3 months |
| Tax Returns | Form 16 / ITR |
| Bank Statement (6-month account) | Last 6 months bank statement + processing-fee cheque |
For Self Employed Professionals
| Document | Particulars |
|---|---|
| Application Form | Application form with photograph |
| Identity & Address Proof | Identity and residence proof |
| Education Qualification | Certificates + proof of business existence |
| Tax Returns | Last 3 years income-tax returns (self & business) |
| Profit/Loss Statement | Last 3 years P&L and balance-sheet |
| Bank Statement | Last 6 months bank statements |
| Processing Fee | Processing-fee cheque |
For Self-Employed Non-Professionals
| Document | Particulars |
|---|---|
| Application Form | Application form with photograph |
| Identity & Address Proof | Identity and residence proof |
| Proof of Business | Proof of business existence |
| Business Profile | Detailed business profile |
| Tax Returns | Last 3 years income-tax returns |
| Profit/Loss Statement | Last 3 years P&L balance |
| Bank Statement | Last 6 months bank statements (self & business) |
| Processing Fee | Processing-fee cheque |
Suggested Read: Can You Get a Loan Against Property Without Property Documents?
How to Apply for IDBI Bank Loan Against Property?
The application process is easy—simply fill in your details, upload the required documents, and get started on your loan.
- Visit the official IDBI Bank website. Under “Loans” tab, click on “Loan Against Property and Its Variant.”
- Click on “Apply Now.” This launches the secure Retail Loan Application portal
- Choose whether you are an existing IDBI customer (Yes/No), then fill in the mandatory personal details—title, full name, age band, mobile number, and email address.
- Select your preferred contact time, state, city and nearest branch, then pick “Home Loan” from the Product Required drop-down list.
- Enter the CAPTCHA code, tick the consent box authorising the bank to contact you, and press “Submit.”
- Note the on-screen reference ID; you’ll also receive an SMS/email acknowledging your application.
- A loan officer will call or mail you shortly to collect KYC, income and property documents and guide you through e-signature or branch visit if needed.
Suggested Read: Can You Claim HRA without Rent Agreement?
Compare Top Banks Home Loan Interest Rates
Explore home loan top-up offers from different banks to find the best deal that fits your needs.
| Banks/ NBFCs | Rate of Interest | Maximum Loan Amount |
|---|---|---|
| SBI | 10.60% p.a. – 11.30% p.a. | Rs. 7.5 Crore |
| HDFC | 9.50% p.a. – 11.00% p.a. | 65% of the market value of the property |
| IDFC | 9.25% p.a. onwards | 50% – 70% of the market value of the property |
| Tata Capital | 14.25% p.a. onwards | Depending on the market value of the property |
| Axis Bank | 10.50% p.a. – 10.90% p.a. | Rs. 5 Crore |
| Kotak Mahindra Bank | 9.50% p.a. onwards | Rs. 5 Crore |
| Bank of India | 10.10% p.a. Per lakh | Rs. 5 Crore |
| LIC Housing Finance | 9.70% p.a. – 11.55% p.a. | Rs. 2 lakhs onwards |
| PNB Housing Finance | 9.24% p.a. – 12.75% p.a. | 70% of the market value of the property |
| ICICI Bank | 10.85% p.a. – 12.50% p.a. | 75% of the market value of the property |
Conclusion
Credit Dharma is your trusted partner for securing the best Home Loan offers, with over ₹500 Cr+ loans handled and partnerships with 20+ leading banks. We provide exclusive access to the lowest interest rates and a seamless, digital process with fast approvals in just 1-2 weeks, backed by lifetime support from our home loan experts.
Why choose Credit Dharma? We provide:
- Lowest Interest Rates: Save more with every EMI.
- Maximum Funding: Get up to 100% funding for your dream home.
- Simple & Digital Process: No tedious paperwork or branch visits.
- Expert Guidance: Lifetime support from our team of specialists.
Compare, choose, and secure the best Home Loan offer with Credit Dharma — your home loan journey starts here!
Frequently Asked Questions
Absolutely. LAP can be used for a wide range of purposes—marriage, education, medical emergencies, home renovation, business expansion, or even debt consolidation.
No. You continue to be the legal owner of the property. The bank only holds a charge (mortgage) on it until the loan is fully repaid.
A home loan is for buying or constructing a house. A loan against property is a loan you get by mortgaging a property you already own, and it can be used for almost any purpose.
Yes, through Loan Against Rent Receivables, you can leverage future rental income from your leased property to get a loan—ideal if you have long-term tenants under a valid agreement.
The processing time can vary, but with proper documentation, IDBI Bank typically processes LAP applications within 7 to 10 working days. Faster approvals may happen for straightforward cases.
Missing an EMI can attract penal interest (typically 2% p.a. on the overdue amount) and may impact your credit score. It’s advisable to inform the bank in advance if you’re facing issues and explore restructuring options.
Yes, but all co-owners must be co-applicants in the loan application. The eligibility will be assessed based on the combined income and repayment capacity of the co-applicants.
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