Home Loan Approval in Just 25 Minutes*! 
Over 1,25,000 Happy Families Home Loan
Owning your dream home just got easier with IIFL Home Loans. As one of the largest operating housing finance companies, we aim to make home financing more accessible and improve the home buying experience with legal and technical counselling from our experts.
If you plan to buy a home, plot, bungalow or land, simply apply for a home loan online with IIFL Home Loans. At IIFL Home Loans, the home loan interest rate starts from 8.20% onwards, and the maximum loan tenure is up to 25 years. With an easy digital process, competitive home loan interest rates, affordable EMIs and quick disbursement, our team is here to make your home loan process a simple and hassle-free affair.
The IIFL Home Loans offers a host of benefits such as home loan balance transfer, interest subsidy under the PMAY scheme, longer tenure, zero pre-payment charges, doorstep services, others.
Get one step closer to your dream of buying a home. We at IIFL Home Loans understand that buying a house is not only a sought-after 'next step' for you but also a valuable investment! Our experts intend to simplify the entire process and make it seamless and memorable.
Check Home Loan Eligibility Check Subsidy Eligibility Calculate Your EMIHOME LOAN FEATURES
Apply for a home loan for a purchase of a flat, or row house or bungalow from private developers. IIFL Home Loans housing loan is also available for MHADA, DDA projects, construction on a freehold/leasehold plot, others.
Easy application & instant sanction
Just fill in the details for an online home loan application and avail of instant sanction from the comfort of your home or office.
Transfer of home loan
High EMIs taking a toll on your finances, switch to the IIFL Home Loans' home loan to enjoy a lower Home Loan interest rate
Hassle-free Documentation
With minimum documentation, the home loan application process is quick and hassle-free.
Interest subsidy under PMAY (U)
As part of Pradhan Mantri Awas Yojana (PMAY) (U), avail interest subsidy on home loans to contribute towards the "Housing for All" mission.
Home Loan Eligibility
Prior to applying, it is always advisable to check how much loan amount you can avail with the help home loan eligibility calculator. To qualify for a home loan, you need to meet the following home loan eligibility criteria.
- Any resident Indian citizen can apply for the home loan
- Applicants need to be between the age group of 18 to 75 years
- Both salaried and self-employed individuals are eligible for home loan
Home Loan Documents
Getting a home loan from IIFL Home Loans is an easy and quick process. The paperwork is minimal. If you are looking to fund your dream home with IIFL Home Loans, then the following list of documents are required for home loan.
Mandatory documents:
| Document type | Salaried | Self-employed |
|---|---|---|
| Application Form | Yes | Yes |
Identity Proof
|
Yes | Yes |
Address Proof
|
Yes | Yes |
Income & other documents:
| Document type | Salaried | Self-employed |
|---|---|---|
| Latest Salary Slip | Yes | No |
| Form 16/ITR | Yes | Yes |
| Bank statement of the last 6 months | Yes | Yes |
Property Documents:
| Document type | Salaried | Self-employed |
|---|---|---|
| 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 |
Home Loan FAQs
A home loan is a financing solution that helps you fund your dream home at a predetermined rate of interest and loan repayment tenure. Once you apply and get approval for the loan at any bank or financial institution, you are required to repay the amount in EMIs. Until you pay the entire sum, the lender has ownership of the property.
The home loan interest rate at IIFL Home Loans starts from 8.2% onwards.
You can make an online home loan application by clicking here. Our documentation is simple, and we offer instant sanctions for home loans. You can also call us on our Helpline Number: 1860-267-3000 for assistance.
Any Indian citizen, either salaried or self-employed, between 18 to 75 years of age can apply for a Home Loan from IIFL Home Loans.
Yes, it is mandatory to have a co-applicant for a home loan.
Equated Monthly Instalment or EMI is the monthly payment you are required to pay until your loan amount is fully repaid.
Know More about IIFL NRI Home Loan Apply for Home Loan Relevant Blog - NRI Home Loan
Before applying for a home loan, it is pivotal to evaluate how much EMI you can afford for a home loan. To help you out with this, IIFL Home Loans offer a self-help Home Loan Calculator, which is a free online tool wherein you need to enter basic details such as expected loan amount, loan tenure and interest rate. The EMI calculator for a home loan provides the exact EMI figure that you are liable to pay.
To qualify for the home loan at IIFL Home Loans, you need to meet the following home loan eligibility conditions:
- Nationality: Indian
- Age Limit: 18 to 75 years
- Salaried & Self-employed Individuals
At IIFL Home Loans, the maximum loan tenure can be up to 25 years.
We aim to save our customers from tedious paperwork. With minimum documentation, we aim to simplify the whole home loan processing. Basic documents required for a home loan are: Identity Proof, Address Proof, Income Proof, Property related documents & Others.
Both fixed and floating interest rates have their advantages and disadvantages. If you select a fixed interest-based home loan, you are assured of the EMI you need to pay each month. This also helps in planning your finances better. A floating interest rate would be beneficial if you are aware of the market conditions and expect the home loan interest rates to fall in the coming months.
If you are contemplating to refurbish your home, IIFL Home Loans offer Home Improvement Loan, which is specifically designed to meet your home improvement or extension needs.
Instant access to information, tips & insights
10 Home Loan Terms You Should Know
10 things you must know about home loan EMI calculator
11 tips for buying property
5 Broken Promises in the Real Estate Sector
A Step Towards Sustainable Future: Green Affordable Housing, Policy & Finance
A Step Towards Sustainable Future: Green Affordable Housing, Policy & Finance
Success Stories
They have moved to their new home, where they now live. They are now saving for their retirement. With Pradhan Mantri Awas Yojana, we could buy our own home. This is nothing short of a dream come true.
Sh. Avtar Singh & Smt. Harvinder Kaur
Sukhwinder now owns home in Chandigarh, and lives their happily with his wife and child. It is a great feeling to own a home and save for the future of your children. We will always be thankful to Pradhan Mantri ji for this.
Sukhwinder Singh & Kamaljeet Kaur
Post completion of process and successful verification of documents they were handed over the sanction letter and their loan was processed. They immediately moved to their newly bought house. Now, they are happily living and enjoying the ownership of their property.
Wajahat Hussain & Omah Alam
Family finally decided to explore the option to buy their a home. Soon, they visited IIFL Home Loans branch near their home, where they got to know about the Credit Linked Subsidy Scheme under Pradhan Mantri Awas Yojana