Rates and charges Banner

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:

Schedule of Charges : On Application

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.

Schedule of Charges : During Term of Loan

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.

Schedule of Charges - On Foreclosure / Pre-Payment:

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

Attractive Rates & Charges