For some people owning their first home can be one of the most fulfilling experiences, while for others it could be having a stable local business. If you are planning to buy a home for your family, start a local business, or expand your small business, and your funds are insufficient, you can always look up to lenders and housing finance companies. However, most lenders and housing finance companies take their own sweet time to approve the loan application.
Different lenders offer products for different types of customers with a varied range of home loan interest rates, loan amounts, tenure, processing charges, loan sanction, disbursement time, etc. However, IIFL Home Finance Limited is one of the most preferred home finance company for adding value to the lives of its customers.
We support those who dream big and have the courage to turn their dreams into reality. They work towards the fruition of it, even with budgeted finances. Our focus is on ensuring the highest standards of ethics, compliance and maintaining transparency with customers. A wide range of branches, backed by digital infrastructure and social development intent, we cater to the needs of marginalised sections across the nation. Being one of the largest housing finance companies in India, we aim to make home finance and loan against property option more accessible. While also improving the home buying or business expansion experience with our specialised offerings such as:
Our team works seamlessly towards the sanction and disbursal of loan. However, the eligibility of the applicant for Home Loan depends on these three points:
To qualify for IIFL Shakthi Loan, the customer needs to meet the following eligibility criteria:
While most of the non-housing financial institutions ask for numerous documents, we only ask for the basic documents, which are easily available with the applicant.
Documents required for Home Loan:
|Latest Salary Slip||Yes||No|
|Bank statement of the last 6 months||Yes||Yes|
|Copy of chain documents of the property (if applicable)||Yes||Yes|
|Copy of Receipt made to the developer (if applicable)||Yes||Yes|
|Copy of Buyer Agreement||Yes||Yes|
|Copy of Agreement to Sell (if executed)||Yes||Yes|
Documents required for Shakthi Loan:
How to get home loan or shakthi loan with approval in just 25 minutes?
It may come as a surprise to you that you can get your home loan or shakthi loan sanctioned in just 25 minutes. We aim to provide best of our service to the first-time home buyers and small business owners and make their loan approval process easier.
You will be amazed to know that our loan application starts with less than 2 minutes journey where you get to know whether your loan application will be further processed or not. Once the loan is accepted for further processing, it is considered as a hot lead and we dedicate a sales person for handling the loan application, who would be connecting with the customer within 24 hours. The sales person would meet with you and complete your digital loan application and give you an instant in principle approval with maximum sanction amount as per your income and loan requirements within 25 minutes.
How do we do it?
You can make an online home loan or shakthi loan application by clicking here. The documentation process is simple and IIFL Home Finance offers instant sanctions for home loans or shakthi loans. You can also call on our Helpline Number: 1860-267-3000 for assistance.