Home Loan Interest Rates, Fees & Charges

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:

Rate of Interest

IIFL offers competitive interest rate for New Home Loan starting from 8.5%

Fees and Charges*

TypeCharges
Processing FeeRs 2500* to 0.75%* of Loan amount
Collateral Evaluation Charges in Non HL > Rs 2 crRs 15000-25000/- depending on loan amount
Transaction/Legal Handling charges in Balance TransferRs 2500/-
CERSAI FeesRs 100/-(for Loans>5Lacs)
Rs 50/-(for Loans<=5Lacs)
ECS Dishonour ChargesRs500/- for each ECS bounce - Nil on Representation of ECS
Late Payment Charges36% per Annum of Outstanding EMI
ECS Swapping chargesRs 500/- per instance
Retrieval charges for original property document in IIFL custody (before loan closure)Rs 500/- upto 2 documents

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

  • Nil
  • Nil
  • Within 1st year of Last Disbursement5% After 1st year of Last disbursement1%
  • Within 1st year of Last Disbursement5% After 1st year of Last 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.

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