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/-
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
  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
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
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
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