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Schedule Of Charges
Schedule Of Charges
| Processing Fees | Housing Loan - Upto 1.75% Non-Housing Loan - Upto 2.00% |
| CERSAI Fees | Loans <= Rs 5 lacs - Rs 50 Loans > Rs 5 lacs - Rs 100 |
| Collateral Evaluation Charges | Housing Loan (Resale Transactions) - Rs 4,200 Samman Loans <= Rs 35 lacs – Rs 4,000 Samman Loans >35 lacs – Rs 6,000 Non-Housing Loans <= Rs 2 Cr – Rs 5,000 Non-Housing Loans >2 to <= 5 Cr – Rs 10,000 Non-Housing Loans > 5 Cr – Rs 25,000 Project Finance <= Rs 5 Cr – Rs 15000 Project Finance > Rs 5 Cr – Rs 1,00,000 or actual charges, whichever is higher |
| Presentation Charges | Housing loans - Rs 444 Non-Housing loans - Rs.313 Project Finance Loans – Rs.129 |
| Transaction Handling charges in Balance Transfer | Rs 2,500 |
Note: The above charges are exclusive of applicable taxes, if any.
| Retrieval charges for Copy of loan document / Property document in IIFL custody | Rs 500 per instance |
| Retrieval charges for original property document in IIFL custody | Before Loan Closure- Rs 2,000 per instance |
| Custodial Fee for property documents in closed loans | Custodial Fee for property documents in closed loans Rs 500 Per month (post 60 Days from Loan Closure Date) |
| Late Payment Charges | 18% per annum on the overdue loan amount |
| Charges for Statement of Account / Amortization Schedule | Nil |
| Collection Visit Charges | Rs 500 per instance |
| Cheque/ECS Swapping charges | Rs 500 per instance |
| Issuance of FC statement | Rs 500 per instance |
| Cheque / ECS Dishonor Charges | Rs 500 for each ECS/cheque bounce NIL on Representation of ECS / Cheque |
Note: The above charges are exclusive of applicable taxes, if any.
| Home Loan During Floating ROI tenor |
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|---|---|---|---|---|---|---|---|
| Individual and/or non-individual borrowers with or without co-borrower(s) | |||||||
| Sources of funds | Foreclosure Charges (Full Prepayment/ Loan Foreclosure) | Pre-payment Charges (Part Prepayment) | |||||
| Any source of funds | NA | NA | |||||
Note: Loan to proprietorship shall be considered as "Loan to individual" only
| Non Home Loan During Floating ROI tenor |
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|---|---|---|---|---|
| Borrower Type | Loan Sanctioned | End Use of Loan | Foreclosure Charges (Full Prepayment/Loan Foreclosure) | Pre-payment Charges (Part Prepayment) |
| Individuals* | Before 1 Jan 2026 | Other than business purpose | NA | NA |
| Business purpose | Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 3% of amount prepaid + taxes |
Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 1% of amount prepaid + taxes |
||
| On or after 1 Jan 2026 | Other than business | NA | NA | |
| Business purpose and loan amount upto ₹50 Lakh | NA | NA | ||
| Business purpose and loan amount more than ₹50 Lakh | Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 3% of amount prepaid + taxes |
Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 1% of amount prepaid + taxes |
||
| Non-Individuals (MSE) | Before 1 Jan 2026 | Irrespective of end use of loan or loan amount | Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 3% of amount prepaid + taxes |
Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 1% of amount prepaid + taxes |
| On or after 1 Jan 2026 | Other than business | Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 3% of amount prepaid + taxes |
Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 1% of amount prepaid + taxes |
|
| Business purpose and loan amount upto ₹50 Lakh | NA | NA | ||
| Business purpose and loan amount more than ₹50 Lakh | Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 3% of amount prepaid + taxes |
Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 1% of amount prepaid + taxes |
||
| Non-Individual (Non MSE) | Before 1 Jan 2026 | Irrespective of end use of loan or loan amount | Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 3% of amount prepaid + taxes |
Within 12 months of 1st disbursement – 5% of amount prepaid + taxes |
| On or after 1 Jan 2026 | Other than business | Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 3% of amount prepaid + taxes |
Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 1% of amount prepaid + taxes |
|
| Business purpose and irrespective of loan amount | Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 3% of amount prepaid + taxes |
Within 12 months of 1st disbursement – 5% of amount prepaid + taxes Post 12 months – 1% of amount prepaid + taxes |
||
*Loan to proprietorship shall be considered as "Loan to individual" only
Note: For Shakthi Product, Foreclosure/ Prepayment charges are not applicable.
| Type of Loan | Tenure | Switch Fee |
|---|---|---|
| Normal Home Loans | 6 months from the date of disbursement | INR 5000 |
| Swaraj Home Loans | 6 months from the date of disbursement | INR 5000 |
| Home Equity Loan | 12 months from the date of disbursement | If foreclosure charges are applicable then, 50% of difference in Proposed and Existing ROI of Outstanding Principal Value or INR 5000/- (Whichever is Higher) else if foreclosure charges are not applicable then,25% of difference in New and Existing ROI or 5000/- (Whichever is Higher) |
| Samman Loans | 12 months from the date of disbursement | 50% of difference in Proposed and Existing ROI of Outstanding Principal Value or INR 5000/- (Whichever is Higher) |
Fees will be paid upfront prior to conversion and is subject to applicable taxes.
Any outstanding dues need to be cleared prior to ROI conversion
The contents of the above are subject to change from time to time and the levy of the same shall be at such rates as may be applicable as on the date of such charge.
Last updated: 1st January 2026
