Bina subh waqt gawaye ₹999* mein apne ghar ka labh uthayein
Approval in just 30 minutes*
Loan starting from ₹2 lakhs*
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*Terms & Conditions apply.
Home in Rs.999 is initial money deposit (IMD).
Additional processing fees is applicable, if any.
Namaste, let’s make dreams come true!
How can we guide you today?
What is Home Loan ?
IIFL Home Loans progressively works towards facilitating affordable home loans to first-time home buyers in the country. Through a wide network of branches, backed by a digital infrastructure and social development intent, the Company caters to the evolving home finance needs of marginalized sections across the length and breadth of the nation. Customer-centricity forms the core of our offerings. As one of the largest housing finance companies, we aim to make home financing more accessible and improve the home-buying experience of our customers with Jhatpat digital loan approval, competitive home loan interest rates, easy EMIs, and quick disbursement.
IIFL Home Loans offers a host of benefits such as home loan balance transfer, longer tenure, zero pre-payment charges, doorstep services, and others.
Key Features
Loan approval in 30 minutes*
Easy balance transfer
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Loan starting from ₹ 2 lakh*
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 criteria:
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Resident Indian citizen
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In the age group of 18 to 75 years
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Salaried or self-employed
| Document Type | Salaried |
| Application Form |  |
Identity Proof
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Address Proof
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Income & Other Documents
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Property Documents
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| Document Type | Self-employed |
| Application Form | |
Identity Proof
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Address Proof
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Income & Other Documents
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Property Documents
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The interest component in the home loan indicates the price that is charged over and above the "principal" amount in a home loan. The amount of interest depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent or borrowed. At IIFL Home Loans, the home loan interest rate is linked to the Benchmark Prime Lending Rate, also known as BPLR, which helps us ensure transparency and appropriate pricing of the home loans. The rate of interest varies for different borrowers as our housing finance team considers various parameters such as credit score, borrower profile, loan amount, property type, and others. All these factors contribute to the margin being higher or lower at the time of onboarding the customer.
Floating Interest-based Home Loan: As the name suggests, the rate of interest changes as per the changes in the market. As a borrower, if you are well informed about the market conditions and expect the rates to fall in the future, it is beneficial for you to select a floating interest rate on the home loan.
| Processing fees | Up to 1.75% |
| Collateral Evaluation Charges in Home Loan Non APF | Rs. 3000 |
| Late Payment charges: | 18% per annum of outstanding EMI |
| Foreclosure charges : | Nil |
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.
The home loan interest rate at IIFL Home Loans starts from 8.90% onwards.
You can make an online home loan application by applying now. 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.
