Loan Against Property Interest Rates
We offer Loan Against Property at attractive interest rates to ensure that your EMIs are affordable throughout the loan tenure. Our loan application process is simple and convenient with minimum documentation and no hidden costs.
All charges or fees that a Loan Against Property entails are given below:
Property Loan Interest Rate
- 11.50% - 15.50%*
- 11.50% - 16.00%*
- 13.75% - 16.75%*
- N.A
*Applicable only in case property is owned by female borrower/ co-borrower
Property Loan Prepayment Charges
- Nil
- Nil
Property Loan Fees & Charges
| Type | Regular LAP Charges |
|---|---|
| Processing Fee | upto 3% of loan amount |
| Transaction/Legal Handling charges in Balance Transfer | Rs 2500/- |
| CERSAI Fees | Rs 100/-(for Loans>5Lacs) Rs 50/-(for Loans<=5Lacs) |
| ECS Dishonor Charges | Rs 500/- for each ECS bounce - Nil on Representation of ECS |
| Late Payment Charges | 36% per Annum of Outstanding EMI |
| ECS Swapping charges | Rs 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 | Rs 1000/- per instance |
| Retrieval charges for Copies of loan /copies of property document in IIFL custody | Rs 500 per instance |
| Charges for Statement Of Account / Amortization Schedule | Nil |
| Collection Visit Charges | Rs500/- per instance |
| Issuance of FC statement | Rs 500/- (for 2 instances within 1 month) |
| Custodial Fee for property documents in closed loans | Rs500/- Per month (post 60 Days from Loan Closure Date) |
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