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 - 13.50%*
- 11.25 - 14.00%*
- 11.75 - 14.75%*
- N.A
Prepayment Charges
- Nil
- Nil
Fees & Charges
| Type | Regular LAP Charges |
|---|---|
| Processing Fee | Upto 1.5%* of the 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 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.