IIFL Home Loan Apnayen,
Kiraye Se Mukti Payen!

Home Loan approval in 25 minutes*

Check Home Loan Eligibility Check Subsidy Eligibility

Home > Home Loan > Overview

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 EMI

HOME 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.
nearest-branch_0_0
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.

nearest-branch_0_0
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

nearest-branch_0_0
Hassle-free Documentation

With minimum documentation, the home loan application process is quick and hassle-free.

nearest-branch_0_0
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
  • PAN (Mandatory)
  • Passport
  • Driving Licence
Yes Yes
Address Proof
  • PAN (Mandatory)
  • Passport
  • Driving Licence
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 Home Loan Terms You Should Know

10 things you must know about home loan EMI calculator

10 things you must know about home loan EMI calculator

11 tips for buying property

11 tips for buying property

5 Broken Promises in the Real Estate Sector

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