Loan Against Property Loan Related Customer Care FAQs

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What is the minimum and maximum loan tenure available?

Being one of the leading banks in the loan against property segment, we are currently offering our customers a loan tenure from a minimum of 12 months up to a maximum of 300 months.

What is the minimum and maximum loan amount available against the property?

Our Property Loan allows customers to apply for a minimum of ₹10 lakhs up to a maximum of ₹15 crores for their business, depending on the program they’ve selected.

What are the interest rates applicable for taking a LAP?

Visit https://www.idfcfirst.bank.in/personal-banking/loans/loan-against-property/lap-interest-rate to view the interest rates

What is the eligibility criteria for getting a LAP?

Click https://www.idfcfirst.bank.in/personal-banking/loans/loan-against-property to check the eligibility criteria for LAP.

How can I avail overdraft facility for my business basis the LAP taken?

To apply for LAP overdraft facility, you may:

Go to https://www.idfcfirst.bank.in/personal-banking/loans/loan-against-property and click on 'Apply now'
Give a call on the customer care number - 180010888
Walk-in to your closest loan centre. To locate the nearest loan center, click https://www.idfcfirst.bank.in/support/asset-branch

What kind of properties are eligible for collateral?

Properties eligible as collateral for our Loan Against Property includes the following:

Residential
Commercial
Industrial
Plots
Godowns

We also fund non-standard collaterals like education institute, hospitals, warehouses, shopping malls, multiplexes etc.

Where can I get my loan related information?

Loan related information such as EMI, loan tenure, EMI date etc. is available on mobile banking app

Login to IDFC FIRST mobile banking app and click on Loan
Select the loan account number
All loan related details will be available in 'Details' tab

Alternatively, you can also use WhatsApp banking - click idfcfir.st/WAEng and type 9901

How do I check my repayment account number?

Repayment account details can be checked through mobile banking App

Login to IDFC FIRST mobile banking app and click on Loan
Select the loan account number
In Details tab, you will be able to check the ECS bank name and ECS bank account number

How do I change my EMI due date?

Kindly call our customer care number 180010888 or walk in to your nearest loan center. To locate the nearest loan center, click https://www.idfcfirst.bank.in/support/asset-branch

How do I change my registered mobile number/ email ID?

Please visit your nearest Loan Center. To locate the nearest loan center, click https://www.idfcfirst.bank.in/support/asset-branch

What is the turnaround time for LAP disbursement?

The turnaround time will be 7-10 days*