Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range

Rate of Interest

  • Floating rate of Interest : 8.85% p.a. to 11.50% p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 3 years to 30 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing Fees 0.00% to 1.00% depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about IIFL

IIFL stands for India Infoline Finance Limited. IIFL provides to customers a range of best affordable and flexible home loans. IIFL is an Indian diversified financial services company. It’s headquartered in Mumbai. This organisation was founded by Nirmal Jain. IIFL is ranked among the top secen financial conglomerates in India.

Your Eligibility depends on following

You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Make your spouse as co applicant , her/his income will also be added in eligibility
Choose longer tenure of loan period maximum upto 30 years
Add more than one co applicant if required to enhance your eligibility
Close short term loans, this will also increase your eligibility

Rate of Interest and Other Charges for Home Loan are following

Rate of Interest for IIFl:


Loan Schemes

Interest Rates


IIFL (India Infoline Finance Limited)


Existing Loan take over or New Loan

IIFL Home Loans come with some unique and attractive features which are as follows:

  • Various funding values have been set according to the loan amount.
  • Attractive rate of interest.
  • Trouble free and faster documentation process.
  • A strong branch network for applying and servicing of the loan thereafter.
  • A very simple EMI based IIFL Home loan repayment option.
  • A very sound Legal and Technical advice.

Features of Loan

Features and Benefits of IIFL Home Loan:

  • Both salaried and a self-employed group of people are eligible for home loans.
  • Home Loan assistance from experts
  • Proper documents and good CIBIL score lead to some rebate or discount on processing fee and interest rate.
  • Attractive Interest Rates
  • Collateral evaluation services are offered at free of cost.
  • A widespread branch network
  • Hassle-free doorstep service
  • Availability of Tax benefits on the principal and interest components of your Home Loan under the Income Tax Act, 1961.

IIFL Home Loan Documents Required

  • Signed application form with passport size photo
  • ID and residence proof.
  • Processing fee Cheque.
  • Latest bank statements.
  • Documentation for salaried applicants
    1. Last 3 years Income Tax Returns with computation of Income .
    2. Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
  • Documentation for self-employed applicants
    1. Latest income tax returns.
    2. Latest computation of income.
  • Copy of complete chain documents of the property.
  • Copy of agreement to sell.
  • Copy of the allotment letter.
  • Letter from a recognized public authority or public servant verifying the identity and residence of the customer.
  • Pension or family pension payment orders (PPOs) issued to retired employees by Govt. departments or Public Sector Undertakings, if they contain the address.
  • Documents issued by Govt. departments of foreign jurisdiction and letter issued by Foreign Embassy or Mission in India.
  • Letter of allotment of accommodation from employer issued by State or Central Govt.departments, statutory or regulatory bodies, and public sector undertakings, scheduled commercial banks, financial institutions, and listed companies. Similarly, leave and license agreements with such employers allotting official accommodation.