Loan Against Property Interest Rates, Fees and Charges

IIFL Loan against property offers attractive interest rates that ensure that your EMIs are affordable throughout the loan tenure. At IIFL, we do not believe in hidden charges that take customer by surprise and are transparent in our dealings.

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

Rate of Interest

  • 10.50 - 13.00%*
  • 11.75 - 13.50%*
  • 11.75 - 14.25%*
  • N.A

Prepayment Charges

  • Nil
  • Nil

Fees & Charges

TypeRegular LAP Charges
Processing FeeUpto 1.5%* of the loan amount
Transaction/Legal Handling charges in Balance TransferRs 2500/-
CERSAI FeesRs 100/-(for Loans>5Lacs)
Rs 50/-(for Loans<=5Lacs)
ECS Dishonor ChargesRs 500/- 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 closureRs 1000/- per instance
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 ChargesRs500/- per instance
Issuance of FC statementRs 500/- (for 2 instances within 1 month)
Custodial Fee for property documents in closed loansRs500/- 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.

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