IIFL Finance Home Loan Interest Rates July 2026

It is comparatively easier to apply for IIFL home loans without any hassles. You can benefit from a seamless IIFL home loan online application procedure and a competitive IIFL home loan interest rate. IIFL Home Loans are available for many customers and accompanying technical and legal assistance. You can apply for IIFL home loans to buy a plot, home, apartment, or bungalow. The financial institution offers a digital loan application procedure for quick disbursal. At IIFL Finance, you get affordable interest rates and flexible repayment tenure of up to 30 Years.

IIFL Housing Loan Interest Rates

IIFL offers several housing finance schemes to cater to versatile customer needs. Whether you seek funds to build your new home or wish to renovate the existing one, get an IIFL home loan at a competitive interest rate starting from 8.75% onwards. Compare current rates across lenders on the home loan interest rate page to benchmark IIFL Finance against other lenders before finalising your application.

The offered IIFL home loan interest rate depends on the applicant’s creditworthiness. Generally, banks consider several factors to determine the proposed interest rates, such as credit score, work profile, financial history, monthly income, existing debt, and much more.

IIFL Home Loan Highlights

IIFL Home Loan
Home Loan Interest Rate	Starting from 8.75% onwards
Loan Amount	From ₹2Cr
Loan Tenure	30 Years
Processing Charges	Usually Up to 2%-6% of loan amount

IIFL Home Interest Rates on Loan Schemes

IIFL offers various housing finance schemes to cope with distinct customer requirements.

IIFL Secured SME Loan

• These finances are available for business professionals who need quick funding to fulfil their business requirements.
• Secured SME loan against residential property, commercial property, and plot.
• Available at affordable interest rates from 11.5% onwards.
• Flexible repayment tenure of up to 15 years.

Specifics	Charges
IIFL Secured SME Loan Interest Rate	From 11.5% per annum
IIFL Secured SME Loan Processing Fee	Up to 2% of the loan amount

IIFL Home Loan Balance Transfer

• A home loan balance transfer is available for loan applicants who have an existing home loan account with another bank at higher interest rates.
• Applicants can select repayment terms at their convenience to make repayment easy.
• Same-day approval with attractive IIFL interest rates.

Use the Home Loan Balance Transfer Calculator to evaluate the savings before making the move.

Specifics	Charges
IIFL Home Loan Balance Transfer Interest Rate	Starting from 10.25% per annum
IIFL Home Loan Balance Transfer Processing Fee	From ₹3,000 to 1.75% of the approved loan amount

IIFL New Home Loan

• Applicants willing to purchase flats, row houses, villas, bungalows, and plots can secure IIFL new home loans.
• Available at competitive home loan interest rates from 8.70% per annum onwards.
• Quick approval for MHADA, DDA projects, and other ongoing constructions.
• Flexible home loan repayment tenure up to 20 years.

Specifics	Charges
IIFL Home Loan Interest Rate	Starting from 8.75%
IIFL Home Loan Processing Fee	Up to 2%-6% of loan amount

IIFL Home Improvement Loan

• Home improvement loans are provided to renovate or extend the existing house.
• Financing of up to ₹2 crore based on the applicant’s eligibility.
• A repayment time frame of 30 years at maximum.

Specifics	Charges
IIFL Home Improvement Loan Interest Rate	Starting from 8.7% per annum onwards
IIFL Home Improvement Loan Processing Fee	₹3,000 to 1.75% of the approved loan amount

IIFL NRI Home Loan

This home loan scheme is available only for Non-Resident Indians who wish to purchase a residential property in India.

Specifics	Charges
IIFL NRI Home Loan Interest Rate	Starting from 8.70% per annum onwards
IIFL NRI Home Loan Processing Fee	At a maximum of 1.75% of the approved home loan amount

IIFL Pradhan Mantri Awas Yojana

• This IIFL home loan scheme is available for beneficiaries falling under economically weaker sections under the PMAY scheme.
• An interest subsidy of ₹2.67 lakh is available.

Specifics	Charges
IIFL Pradhan Mantri Awas Yojana Interest Subsidy	Starting from 6.5% per annum onwards
IIFL Pradhan Mantri Awas Yojana Processing Fee	1.75% of the approved home loan amount

Shakti Loan Against Property

To meet the financial needs of India’s unorganised and small organisations, IIFL Home Finance provides the Shakti Loan. It is a small ticket-size loan provided against property. Shakti Loan gives company owners access to capital for expanding daily operations and promotes inclusive growth for underserved and informal segments of society that struggle to obtain quick credit through other lenders. Small grocery stores, bars, vegetable vendors, small traders, and agricultural ancillaries are a few examples of the micro businesses that Shakti Loan against Property serves. With online documentation and quick loan processing, loan approval can be obtained in as little as 25 minutes.

Home Loan for Uniformed Services

To all uniformed and armed forces branches, IIFL Finance offers an exclusive and unique home loan scheme. All members of the Indian Defence Forces, along with Paramilitary Forces, fall under the eligibility criteria of this scheme. Both currently employed or retired pensioners can apply for a loan under this programme “Residential Home Loan for Uniformed Services.” Exclusive interest rates, a lower processing charge, and free health insurance up to ₹3 lakh are all features of this scheme.

IIFL Home Interest for Salaried and Self-Employed

IIFL Finance offers home loans to salaried and self-employed individuals. Use the Home Loan Eligibility Calculator to estimate your eligible loan amount before applying.

Category	Applicable Interest Rates
IIFL Home Loan Interest Rate for Salaried Employee	Starting from 8.75% per annum
IIFL Home Loan Interest Rate for Self-Employed Individual	Starting from 8.75% per annum

IIFL Home Loan Balance Transfer Rates

IIFL provides balance transfer home loans to customers who wish to transfer their existing loan to IIFL at lower interest rates.

Category	Offered Interest Rate
For Salaried Employees	From 8.75% onwards
For Self-Employed Individuals	From 8.75% onwards

IIFL Home Loan Interest Rates for Govt Employees

IIFL Finance provides home loans to government employees with interest rates starting from 8.20% onwards. An individual working for any government organisation needs to provide valid proof for the same such as an identity card. However, the financial institution does not offer additional benefits to government employees.

IIFL Finance Home Loan Interest Rate for Women

IIFL Finance offers home loans to working women professionals with an attractive interest rate starting from 8.75%. Home loans are not available for homemakers. Additionally, you must adhere to the set eligibility criteria to secure housing finance from IIFL.

IIFL Finance Home Loan Interest Rate for NRI

IIFL NRI home loan is available for Non-Resident Indians who wish to purchase residential or commercial property in India. To determine the offered interest rates, you must get in touch with the bank, as the rates might vary from one applicant to another based on their credibility. Before finalising the bank or financial institution, you must compare the product with other lenders to make a more informed decision.

IIFL Home Loan Interest Rate and Other Charges

When you apply for an IIFL home loan, you must get acquainted with the associated charges to determine the actual cost of your loan. It helps to understand what costs you might need to bear when you make part prepayments or decide to foreclose your loan.

Type of IIFL Charges	Costing
Loan Processing Fees	Up to 2%-6% of loan amount
Collateral Evaluation Charges in Home Loan Non-AFP	₹3,000
Charges Associated with Late Payment	At a maximum of 18% p.a. of the remaining debt amount
Loan Foreclosure Charges	Not applicable

How to Calculate IIFL Home Loan Interest?

You can easily calculate the IIFL home loan interest rate through Urban Money’s high-tech interest rate calculator. All you need to do is enter a few values in the dedicated fields, including loan amount, interest rate, and repayment tenure. Use the Home Loan EMI Calculator to instantly estimate your monthly repayments without manual calculations.

If you wish to calculate manually, use the given mathematical formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N − 1]

Where:

• P is the principal home loan amount
• R is the applicable IIFL home loan interest rate
• N is the number of EMIs you will pay across the repayment tenure

Why IIFL Home Loan Interest Rates are the Best for Customers?

IIFL Finance offers an array of home loan schemes to cater to versatile customer needs, including PMAY, Loan Against Property, and Property Loans for SMEs. These home loan schemes are available at attractive interest rates from 8.75% onwards. Once your loan is sanctioned, use the Home Loan Prepayment Calculator to estimate interest savings from early repayments, and the Home Loan Tax Benefit Calculator to estimate your annual deductions under Section 80C and Section 24(b).

Factors Affecting IIFL Home Loan Interest Rate and EMI

The offered home loan interest rates may vary from one applicant to another based on their credit profile. This variation is rooted in several factors, including property location, LTV ratio, and loan repayment tenure.

Here are the major factors directly affecting the IIFL home loan interest rates:

• Type of home loan interest rate
• MCLR rate set by the bank
• Loan-to-Value ratio
• Location of the property
• Applicant’s income and job profile
• Chosen loan repayment tenure
• Credit or CIBIL score