Loan Against Property Interest Rates, Fees & Charges
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:
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 500/- upto 2 documents
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.
