IIFL Home Finance offers attractive interest rates Against its product offerings that ensure that your EMIs are affordable and stay light on your pocket during the loan tenure. At IIFL, we are transparent in our dealings and we do not believe in hidden charges that take customer by surprise. All charges or fees that a Home Loan Or a Secure SME Loan entails are given below:
Processing Fees (Home Loans) | Upto 1.75% (Home Loans) Upto 2.00% (LAP) |
CERSAI Fees | Rs 50/- (for loans <= Rs 5 lacs) Rs 100/- (for loans > Rs 5 lacs) |
Transaction/Legal Handling charges in Balance Transfer – only Home Loans | Rs. 2500/- |
Collateral Evaluation Charges in HL Non APF | Rs.3000/- |
Collateral Evaluation Charges Non HL <=2 Cr. | Rs.5000/- |
Collateral Evaluation Charges Non HL >2 to 5 Cr. | Rs.10000/- |
Collateral Evaluation Charges Non HL > 5 Cr. | Rs.25,000/- |
Collateral Evaluation Charges Project Finance <5Cr | Rs.15,000/- |
Collateral Evaluation Charges Project Finance >=5Cr | Rs.1,00,000/- or actual charges, whichever is higher |
Collateral Evaluation Charges in P+C transactions | Rs.5500/- |
Sammaan and Samman Plus | Loan amount till Rs. 35 lacs: Rs.4000/- Loan amount above Rs.35 lacs: Rs.6000/- |
Shakthi Loan | Loan amount till Rs. 5 lacs: Rs.2000/- Loan amount above Rs.5 lacs: Rs.4000/- |
Presentation Charges | For HL/ Swaraj HL- Rs 444/- For LAP/ Sammaan/ Secured business loan - Rs.313/- For Construction Finance / Project Finance cases - Rs. 129/- |
Note: The above charges are exclusive of applicable taxes, if any.
Retrieval charges for original property document in IIFL custody (before/post loan closure) | Rs 2000/- per instance Post loan closure: Upto Loan Rs.1 Cr – Rs.1000/- >Rs.1 cr - 2,000/- |
Retrieval charges for Copies of loan /copies of property document in IIFL custody | Rs 500/-per instance |
Cheque / ECS Dishonour Charges | Rs 500/- for each ECS/cheque bounce - Nil on Representation of ECS / Cheque |
Late Payment Charges | 18% per annum of the overdue loan amount |
Charges for Statement Of Account / Amortization Schedule | Nil |
Custodial Fee for property documents in closed loans | Rs 500/- Per month (post 60 Days from Loan Closure Date) |
Cheque/ECS Swapping charges | Rs 500/- per instance |
Collection Convenience Fee Issuance of FC statement |
For Online Transaction: Rs. 100 /- per instance for online collection. This fee would not be charged if customer makes a payment of below INR 500/- For cash Deposit: Rs. 200 per instance will be charged for depositing cash with channel partners. This fee would not be charged if customer makes a payment of below INR 500/- |
Note: The above charges are exclusive of applicable taxes, if any.
Home Loan (Portfolio: HL HFC)/Swaraj HL – During Floating ROI tenor | |||||||
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Main applicant: Individuals | Main applicant: Non-Individuals(where loan is availed by company only) | ||||||
ROI Type | Foreclosure Charges (Full Prepayment/ Loan Foreclosure) | Pre-payment Charges (Part Prepayment) | Foreclosure Charges (Full Prepayment/ Loan Foreclosure) | Pre-payment Charges (Part Prepayment) | |||
Variable (Repayment from any source of funds) | NA | NA | Within 12 months of 1st Disbursement - 5% of amount prepaid + taxes Post 12 months till fixed rate tenor - 3% of amount prepaid + taxes |
Within 12 months of 1st Disbursement - 5% of amount prepaid + taxes Post 12 months till fixed rate tenor - 1% of amount prepaid + taxes |
Note: Loan to proprietorship shall be considered as "Loan to individual" only
Swaraj HL - During fixed ROI tenor | ||||
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Sources of funds | Main applicant: Individuals | Main applicant: Non-Individuals(where loan is availed by company only) | ||
Foreclosure Charges (Full Prepayment/ Loan Foreclosure) | Pre-payment Charges (Part Prepayment) | Foreclosure Charges (Full Prepayment/ Loan Foreclosure) | Pre-payment Charges (Part Prepayment) | |
Own sources of funds | NA | NA | Within 12 months of 1st Disbursement - 5% of amount prepaid + taxes | Within 12 months of 1st Disbursement - 5% of amount prepaid + taxes |
Balance transfer | Within 12 months of 1st Disbursement - 5% of amount prepaid + taxes Post 12 months till fixed rate tenor - 3% of amount prepaid + taxes |
Within 12 months of 1st Disbursement - 5% of amount prepaid + taxes Post 12 months till fixed rate tenor - 1% of amount prepaid + taxes |
Post 12 months till fixed rate tenor - 3% of amount prepaid + taxes | Post 12 months till fixed rate tenor - 1% of amount prepaid + taxes |
Note: Loan to proprietorship shall be considered as "Loan to individual" only
LAP/ HE (Portfolio: HE HFC/ HE IIFL) /Swaraj HE & Samman- During Floating ROI tenor | ||||
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End use of funds | Main applicant: Individuals | Main applicant: Non-Individuals | ||
Foreclosure Charges (Full Prepayment/ Loan Foreclosure) | Pre-payment Charges (Part Prepayment) | Foreclosure Charges (Full Prepayment/ Loan Foreclosure) | Pre-payment Charges (Part Prepayment) | |
Other than business | NA | NA | Within 12 months of 1st Disbursement - 5% of amount prepaid + taxes Post 12 months of 1st disbursement - 3% of amount prepaid + taxes |
Within 12 months of 1st Disbursement - 5% of amount prepaid + taxes Post 12 months of 1st disbursement - 1% of amount prepaid + taxes |
Business use | Within 12 months of 1st Disbursement - 5% of amount prepaid + taxes Post 12 months of 1st disbursement - 3% of amount prepaid + taxes |
Within 12 months of 1st Disbursement - 5% of amount prepaid + taxes Post 12 months of 1st disbursement - 1% of amount prepaid + taxes |
Swaraj HE/ Samman - During fixed ROI tenor | ||||
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Sources of funds | Main applicant: Individuals | Main applicant: Non-Individuals | ||
Foreclosure Charges (Full Prepayment/ Loan Foreclosure) | Pre-payment Charges (Part Prepayment) | Foreclosure Charges (Full Prepayment/ Loan Foreclosure) | Prepayment Charges (Part Prepayment) | |
Own sources of funds | NA | NA | Within 12 months of 1st Disbursement - 5% of amount prepaid + taxes Post 12 months till fixed rate tenor - 3% of amount prepaid + taxes |
Within 12 months of 1st Disburseme nt - 5% of amount prepaid + taxes Post 12 months till fixed rate tenor - 1% of amount prepaid + taxes |
Balance transfer | Within 12 months of 1st Disbursement - 5% of amount prepaid + taxes Post 12 months till fixed rate tenor - 3% of amount prepaid + taxes |
Within 12 months of 1st Disbursement - 5% of amount prepaid + taxes Post 12 months till fixed rate tenor - 1% of amount prepaid + taxes |