Home Loan Interest Rates

IIFL Home Loan offers attractive interest rates that ensure that your EMIs are affordable and stay light on your pocket during the loan tenure. At IIFL, we are transparent in our dealings and we do not believe in hidden charges that take customer by surprise.

All charges or fees that a Home Loan entails are given below:

Housing Loan Interest Rate

IIFL offers competitive interest rate for New Home Loan starting from 8.70%

Home Loan Charges

Processing Feeupto 1.25% of loan amount
Collateral Evaluation Charges in Non-APF HL & non HLRs 3000-25000/- depending on loan amount
Transaction/Legal Handling charges in Balance TransferRs 2500/-
CERSAI FeesRs 100/-(for Loans>5Lacs)
Rs 50/-(for Loans<=5Lacs)
ACH Dishonour ChargesRs500/- for each ACH bounce - Nil on Representation of ACH
Late Payment Charges36% per Annum of Outstanding EMI
ACH Swapping chargesRs 500/- per instance
Retrieval charges for original property document in IIFL custody (before loan closure)Rs 2000

Retrieval charges for original property documents in IIFL custody at the time of loan closure OR

more than 2 documents retrieved during tenor of loan

Rs 1000/- per instance for loans upto Rs 1 cr AND  

Rs 2000/- per instance for loans > Rs 1 cr

Retrieval charges for Copies of loan /copies of property document in IIFL custodyRs 500/- per instance
Charges for Statement Of Account / Amortization ScheduleNil
Collection Visit ChargesRs 500/- per instance
Issuance of FC statementRs 500/- (for 2 instances within 1 month)
Custodial Fee for property documents in closed loansRs 500/- Per month (post 60 Days from Loan Closure Date)

Prepayment Charges on Home Loan

  • Nil
  • Nil
  • Within 1st year of First Disbursement5% After 1st year of First Disbursement1%
  • Within 1st year of First Disbursement5% After 1st year of First Disbursement3%

Note: *All charges, interest, tax, fee, GST and all other imposts, taxes, levies etc. as prescribed by any statutory/regulatory bodies from time to time shall be solely borne by the Borrower. The above mentioned charges, fees, GST etc areas on date of the Loan Agreement and other transaction documents and the charges above stated are subject to change from time to time. GST is applicable over & above the charges specified above.

If loan is under mixed ROI, then Foreclosure and part-payment charges are applicable for Individuals till the time fixed rate is valid

Foreclosure charges to apply on full loan amount in case of full pre-payment, inclusive of all partial pre-payments made within preceding 12 months.

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