IIFL Finance Home Loan
It is comparatively easier to apply for IIFL home loans without any hassles. You can get the benefits of a seamless IIFL home loan online application procedure along with getting a really competitive IIFL home loan interest rate as well. IIFL Home Loans are available for a wider spectrum of customers along with accompanying technical and legal assistance alongside. You can apply for buying a plot, home, apartment, bungalow and so on. The maximum tenure goes up to 25 years and there is a quick and digital procedure for home loan processing and disbursement.
- Home Loan
| Loan Amount | : | ₹2L - ₹3Cr |
| Interest Rate | : | 8.7% - 16% |
| Processing Fee | : | Up to 1.25% |
| Tenure | : | 20 Years |
| Banks | Interest Rate | Processing Fee | Loan Amount/Tenure | |
|---|---|---|---|---|
8.7% - 16% | Up to 1.25% | ₹2L - ₹3CrTenure(5 - 20 Years) | Details |
Features & Benefits of IIFL Home Loans
- Easy digital applications and quick sanctioning process.
- Digital process with minimal paperwork.
- Attractive interest rates on home loans.
- PMAY interest subsidies.
IIFL Home Loan Overview
It is comparatively easier to apply for IIFL home loans without any hassles. You can get the benefits of a seamless IIFL home loan online application procedure along with getting a really competitive IIFL home loan interest rate as well. IIFL Home Loans are available for a wider spectrum of customers along with accompanying technical and legal assistance alongside. You can apply for buying a plot, home, apartment, bungalow and so on. The maximum tenure goes up to 25 years and there is a quick and digital procedure for home loan processing and disbursement.
IIFL Home Loan Eligibility Criteria
The IIFL home loan requirements include the following:
- Resident Indian citizen.
- Between 18-75 years of age.
- Both self-employed and salaried borrowers are eligible to apply.
Documents Required for IIFL home loans
| KYC Documents | Identity Proof and Address Proof |
| Income Proof | Last 6 months’ bank statements and ITR/Form-16/salary slips |
| Property Documents | Copy of entire property document chain, copy of receipt given to the developer, copy of the sale agreement, and copy of the buyer agreement |
How the EMI calculation works for IIFL Home Loan?
You can calculate the EMI online by entering the loan tenure, interest rate, and the amount. This will help you work out the amount that is payable every month.
How IIFL Home Loan Compares with Other Lenders?
| Name of the Lender | Rate of interest per annum (onwards) |
| Citibank | 6.75% |
| Kotak Mahindra Bank | 6.55% |
| Bank of Baroda | 6.50% |
| Union Bank of India | 6.60% |
| Bank of India | 6.85% |
| State Bank of India | 6.75% |
| Central Bank of India | 6.85% |
| LIC Housing Finance | 6.90% |
| HDFC LTD | 6.70%* |
| Axis Bank | 6.90% |
| Punjab and Sind Bank | 6.85% |
| Canara Bank | 6.90% |
| Bank of Maharashtra | 6.40% |
| IDFC First Bank | 6.50% |
| Punjab National Bank | 6.50% |
| Indian Overseas Bank | 7.05% |
| UCO Bank | 6.90% |
| United Bank of India | 8.00% |
| IDBI Bank | 6.75% |
| DBS Bank | 7.30% |
| Karur Vysya Bank | 7.20% |
| HSBC Bank | 6.45% |
| Jammu and Kashmir Bank | 7.20% |
| Saraswat Bank Home Loan | 6.70% |
| PNB Housing Finance | 6.99% |
| South Indian Bank | 7.85% |
| Federal Bank | 7.65% |
| Aavas Financiers | 8.00% |
| Standard Chartered Bank | 7.99% |
| Karnataka Bank | 7.50% |
| Dhanlaxmi Bank | 7.85% |
| Tamilnad Mercantile Bank | 8.25% |
| Sundaram Home Finance | 6.95% |
| Tata Capital | 6.90% |
| Bandhan Bank | 6.40% -13.50% |
| IIFL | 10.50% |
| Yes Bank | 8.95% |
| Shriram Housing | 8.90% |
IIFL Home Loan Customer Care Number
The customer care number is 1860-267-3000.
FAQs
From refinancing to reducing your interest, we have the answers right here.
Is a Home Loan A Tax Saving Deduction?
Yes you can save taxes on home loans under the Sections 80C and 24 respectively.
What is The Minimum Salary For A Home Loan?
The minimum salary for taking a home loan is usually between Rs. 25,000 and Rs. 30,000.
Can I Take Two Home Loans At A Time?
You can take two home loans simultaneously without any issues.
When Does The Loan Repayment Period Start?
The repayment period starts from the month after the one in which the loan has been disbursed.
Does IIFL Provide Home Loan at the best rate?
Yes, you can expect attractive interest rates at IIFL, beginning from 8.20% onwards.
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