BoB vs IDFC Loan Against Property, 2026.
Reviewed by Jay Patel· Last reviewed: stale
A ledger-columns read on Bank of Baroda and IDFC First Bank— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
BoB vs IDFC — Loan Against Property Comparison
Key parameters compared side by side.
| Parameter | BoB | IDFC |
|---|---|---|
| Interest Rate (p.a.) | 8.85% – 10.75% | 9.25% – 12% |
| Processing Fee | 0.50% (max Rs 50,000) | 1.50% (max Rs 75,000) |
| Max Loan Amount | Rs 7.5 Cr | Rs 5 Cr |
| Max Tenure | 15 Years | 18 Years |
| Bank Type | Public Sector | Private Sector |
| Founded | 1908 | 2015 |
| Headquarters | Vadodara | Mumbai |
Interest Rate (p.a.)
BoB
8.85% – 10.75%
IDFC
9.25% – 12%
Lower/better: BoB
Processing Fee
BoB
0.50% (max Rs 50,000)
IDFC
1.50% (max Rs 75,000)
Max Loan Amount
BoB
Rs 7.5 Cr
IDFC
Rs 5 Cr
Lower/better: BoB
Max Tenure
BoB
15 Years
IDFC
18 Years
Lower/better: IDFC
Bank Type
BoB
Public Sector
IDFC
Private Sector
Founded
BoB
1908
IDFC
2015
Headquarters
BoB
Vadodara
IDFC
Mumbai
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 30 Lakh LAP for 15 years at each bank's lowest rate.
BoB
IDFC
Savings: Choosing BoB saves you approximately ₹715 per month, or ₹1,28,700 in total interest over the loan tenure.
Feature Comparison
Key features offered by BoB and IDFC for loan against property.
| Feature | BoB | IDFC |
|---|---|---|
| Up to 65% LTV | ||
| Both residential & commercial | ||
| Competitive PSU rates | ||
| Overdraft facility | ||
| Attractive for professionals | ||
| Balance transfer accepted | ||
| Quick valuation |
Up to 65% LTV
Both residential & commercial
Competitive PSU rates
Overdraft facility
Attractive for professionals
Balance transfer accepted
Quick valuation
Which Is Better — BoB or IDFC?
It depends on your priorities. Here is a quick guide.
Choose BoB If...
- Lower starting interest rate (8.85% vs 9.25%)
- Higher max loan amount (Rs 7.5 Cr vs 5 Cr)
- Government-backed (public sector bank)
- Lower maximum rate (10.75% vs 12%)
Choose IDFC If...
- Longer max tenure (18 yrs vs 15 yrs)
Still unsure? Contact Money Matrix Hub for a free personalised recommendation based on your income, credit score, and loan requirement.
Eligibility Comparison
General eligibility criteria for loan against property at both banks.
BoB Eligibility
- Property must be free from encumbrance
- CIBIL score: 650+ preferred
- Salaried or self-employed applicants
- Min income: Rs 25,000 per month
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
IDFC Eligibility
- Property must be free from encumbrance
- CIBIL score: 700+ preferred
- Salaried or self-employed applicants
- Min income: Rs 30,000 per month
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Frequently Asked Questions
Common questions about BoB vs IDFC loan against property.
Which bank has a lower loan against property interest rate in 2026 — BoB or IDFC?
BoB currently offers a lower starting rate of 8.85% p.a. for loan against property. However, the actual rate you receive depends on your credit score, income, and loan amount. Money Matrix Hub can help you get the best negotiated rate from both banks.
What is the maximum loan against property amount I can get from BoB vs IDFC?
BoB offers a higher maximum loan amount of up to Rs 7.5 Cr. BoB offers up to Rs 7.5 Cr while IDFC offers up to Rs 5 Cr for loan against property.
Which bank charges a lower processing fee for loan against property — BoB or IDFC?
BoB charges a processing fee of 0.50% (max Rs 50,000), while IDFC charges 1.50% (max Rs 75,000). Processing fees are often negotiable, and Money Matrix Hub can help waive or reduce these charges.
Should I choose BoB or IDFC for loan against property in 2026?
The best choice depends on your specific needs. BoB offers rates from 8.85%–10.75% with a max tenure of 15 years, while IDFC offers 9.25%–12% with 18 years tenure. Contact Money Matrix Hub for a personalised comparison based on your profile.
Can Money Matrix Hub help me apply for a loan against property from both BoB and IDFC?
Yes. Money Matrix Hub is an authorised DSA partner for both BoB and IDFC. We can submit parallel applications at no extra cost and help you pick the best sanction offer. Our service is 100% free for borrowers.
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