Loan Against Property with Interest Saver

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IDBI Bank Loan Against Property with Interest Saver


You can decide what amount you want to pay while taking Loan Against Property with Interest Saver. 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.


Loan Purpose

Any Productive Purpose such as
  • 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.

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.

Processing Fees

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

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

Application form with photograph

Identity and Residence Proof

Latest Salary-slip for last 3 months

Form 16/ITR

Last 6 months bank statement

Processing fee cheque

Property Related Documents

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


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


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

Other Charges

Attractive Interest Rates to Make
Your Loan Against Property with Interest Saver Affordable and Convenient

Schedule of charges and Terms & Conditions applicable on Loan Against Property with Interest Saver
Schedule Of Charges
How To Apply

Get a Loan against Property (Interest Saver) in 3 easy steps.

01. Basic Details

Provide your basic details to help us know you better.

02. Check Eligibility

Determine your eligibility to get a Loan Against Property with Interest Saver

03. Submit Documents

Documents such as residential proof, income and, employment details.