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

TypeRegular LAP Charges
Processing Feeupto 2% of 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 2000
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. GST is applicable over & above the charges specified above

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