iconAttractive Rates & Charges

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/-
Rs 100/- (for loans > Rs 5 lacs)
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 <5 Cr Rs.15,000/-
Collateral Evaluation Charges Project Finance <=5 Cr Rs.1,00,000/- or actual charges, whichever is higher
Collateral Evaluation Charges in P+C transactions Rs.5500/-

Note: The above charges are exclusive of applicable taxes, if any.

Retrieval charges for original property document in IIFL custody (before loan closure) Rs 2000/- per instance
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 outstanding EMI
Charges for Statement Of Account / Amortization Schedule Nil
Collection Visit Charges Rs 500/- per instance
Collection Convenience Fee

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/-
Issuance of FC statement Rs 500/- per instance
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
Presentation Charges

For HL- Rs.1000

For LAP- Rs.700

Note: The above charges are exclusive of applicable taxes, if any.

Portfolio ROI Type End Use of Funds Source of Closure Foreclosure Charges Pre-Payment Charges

LAP/ HE (Portfolio: HE HFC/ HE IIFL) /Swaraj HE & Samman

 Floating ROI

 

 Other Than Business

 

 Balance Transfer/Own Source of Fund

 

 Nil Charges

 

 Nil Charges

 

LAP/ HE (Portfolio: HE HFC/ HE IIFL) /Swaraj HE & Samman

 Floating ROI Business Use Balance Transfer/Own Source of Fund 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 till fixed rate tenor - 1% of amount prepaid + taxes
LAP/ HE (Portfolio: HE HFC/ HE IIFL) /Swaraj HE & Samman Fixed ROI Any Usage Balance Transfer/Own Source of Fund 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
Home Loans Floating ROI Any Usage Balance Transfer/Own Source of Fund Nil Charges Nil Charges
Home Loans Fixed ROI Any Usage Own Sources of Fund Nil Charges Nil Charges
Home Loans Fixed ROI Any Usage 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