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Home > Loan > Loan Against Property with Interest Saver

IDBI Bank Loan Against Property with Interest Saver

You can decide what amount you want to pay while taking loan against the Property. The Product will facilitate to save the interest cost and repay the loan much faster.

How Does Loan against Property Interest Saver (LAPIS) work?
Loan against Property Interest Saver (LAPIS) provides you the facility of linking your Loan account with the Flexi Current Account (The interest liability of your LAPIS loan comes down to the extent of surplus funds parked in the operative current account). You will be allowed to withdraw or deposit funds from this operative current account as and when required. Interest on your loans will be calculated on outstanding balance of loan minus the balance in the Current Account based on EOD balance.

Advantage: Loan against Property Interest Saver.
• Use the Flexi Current Account to deposit your excess savings, annual bonus etc. You will have the flexibility to withdraw the idle/surplus money deposited in Flexi Current Account at any point of time.

• Just deposit these funds into your Flexi Current Account and enjoy interest saving on your loan to the extent deposited.

• The Flexi Current Account can be used like a normal current account and you will be provided with a cheque book and an ATM Card. You will also have access to our online banking portal and our entire gamut of banking facilities.


Bullet Loan Purpose:
• Business Expansion
• Education/Marriage expenses
• Purchase of house
• Improvement/Extension of existing Property
• Medical Treatment
• Any other personal Need.

Loan Amount:
Up to Rs 10 Cr. For loan above Rs.10 Cr, depends on individual cases.

Loan Tenor:
Up to 15 years.

Processing Fees:
Up to 1% of the loan amount Plus applicable service tax.

Maximum Funding*:
• Up to 65% of the market value of the property (Residential Self Occupied)
• Up to 55% of the market value of the property (Residential Leased Out)
• Up to 50% of the market value of the property(Commercial/Industrial)
• More Funding to existing Bank’s customer.

*Subject to repayment capacity of the individual as assessed by IDBI Bank Ltd.

The Following documents are required along with Application Form to process your Loan.

Salaried Customers

Self Employed Professionals

Self Employed Non Professionals

Application form with photograph

Application form with photograph

Application form with photograph

Identity and Residence Proof

Identity and Residence Proof

Identity and Residence Proof

Latest Salary-slip for last 3 months

Education Qualifications Certificate and Proof of business existence

Proof of business existence

Form 16/ITR

Last 3 years Income Tax returns

Business profile

Last 6 months bank statement

Last 3 years Profit /Loss and Balance Sheet

Last 3 years Income Tax returns

Last 3 years Profit /Loss and   Balance sheet statement.

Processing fee cheque

Last 6 months bank statements

Last 6 months bank statements

Processing fee cheque

Processing fee cheque

Property Related Documents

All Title related Documents along with approved sanction/building plan.

Note: The documents indicated above are indicative in nature. IDBI Bank may ask for additional document if required during the processing of your loan application.

Primary: First Charge on the mortgaged property by way of equitable mortgage against which IDBI Bank has advanced the loan.

Collateral: Liquid Collaterals as required by Bank depending on individual cases in the form of Pledge/Hypothecation and Assignment.

Other Charges:
Following are the schedule of charges and Terms & Conditions applicable on Home Loans and Loans against property.
Click here to download the schedule of charges.

How to apply:
You can help us by choosing any of the following ways to provide you our Loan Solution:-
IDBI Bank Branch Locator: Click here to know the Branch nearest to your location. Contact our Branch Personnel.

Call IDBI Loan Against Property Sales Officer in your City.

Apply online

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