IIFL Finance Home Loan

IIFL Finance Home Loan Highlights

IIFL Finance Home Loans offers a smooth and reliable borrowing experience, helping you purchase or construct a house without any hassle. These loan plans are tailored to suit both first-time and repeat borrowers, offering competitive interest rates, longer repayment tenures, dedicated customer support, and swift approval and disbursal processes to meet every housing need. Here are some highlights of the IIFL Finance Housing Loan that make it one of the best financial  products in the market:

Features and Benefits of IIFL Finance Home Loan

Here are some major advantages of choosing the IIFL Finance Home Loan option:

Attractive Interest Rates from 8.75% p.a.

IIFL offers home loan interest rates starting from 8.75%, enabling eligible borrowers with stable incomes and a strong repayment track record to benefit from lower interest costs. These competitive rates help reduce long-term interest while allowing borrowers to enjoy better savings throughout the years.

Quick Approvals and Digital Processing

IIFL Finance boasts quick approvals and loan application processing, sometimes within 30 minutes. Thanks to their seamless digital platform, borrowers can easily upload documents and track applications in real-time.

Flexible Tenures Up to 30 Years

IIFL Finance offers housing loans with repayment options of up to 30 years, enabling borrowers to manage their EMIs comfortably.  This makes the loan easily accessible for young and first-time borrowers. This longer loan tenure also ensures reduced financial pressure.

Different Loan Options for Various Types of Employees

IIFL offers customised home loan solutions for salaried individuals, self-employed professionals, NRIs, and first-time buyers, as well as those eligible for government schemes. This diverse product range ensures that every borrower finds the right fit for their needs.

Eligibility Criteria of IIFL Finance Home Loan

Here is the official eligibility criteria of IIFL Finance Home Loan:

• Applicants must be Indian citizens aged between 18 and 65 years.
• The loan must be repaid before the official retirement age, i.e., 65 years.
• Salaried and self-employed individuals are eligible, provided they can demonstrate consistent income proof.
• A CIBIL score of around 650 or higher is generally required, with ideal applicants scoring above 750.
• Applicants with a Fixed Obligation to Income Ratio of less than 0.65 will be preferred.

Types of IIFL Finance Home Loan

Here are the various types of IIFL Finance housing loan options available:

IIFL Finance Home Loan Processing Fees and Charges

If you want to apply for the IIFL Finance Home Loan, you will have to pay the following fees and charges:

Documents Required for IIFL Finance Home Loan

Here is a list of documents required for applying for the IIFL Finance Housing Loan that prove your identity and income eligibility:

• Filled application form
• Identity and Address Proof (PAN, Aadhaar, voter ID, passport, or driver’s license)
• Income Proof (Latest 2–3 months’ salary slips for Salaried; Audited balance sheet & P&L statements for Self-Employed)
• Property-related documents (Sale agreement, allotment letter, or buyer agreement)
• Additional Documents (NOC or Renovation Plan)