Schedule of Charges

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/-
Collateral Evaluation Charges in HL Non APF	Rs.3000/-
Collateral evaluation charges for Non Home Loan <= ₹ 2 Cr	Rs.5000/-
Collateral evaluation charges for Non HL > ₹ 2 to ₹ 5 Cr	Rs.10000/-
Collateral evaluation charges for Non HL > ₹ 5 Cr	Rs.25,000/-
Collateral evaluation charges for Project Finance < ₹ 5 Cr	Rs.15,000/-
Collateral evaluation charges for Project Finance >= ₹ 5 Cr	Rs.1,00,000/- or actual charges, whichever is higher
Collateral evaluation charges in P+C and Construction transactions	Rs.5500/-
Sammaan and Sammaan Plus	Loan amount till ₹ 35 Lac: ₹ 4,000 Loan amount above ₹ 35 Lacs: ₹ 6,000
Shakthi Loan	Loan amount till ₹ 5 Lacs: ₹ 2,000 Loan amount above ₹ 5 Lacs: ₹ 4,000
Presentation charges	₹ 444 (For Home Loan / Swaraj Home Loan) ₹ 313 (For Secured Business Loan / Sammaan Loan Against Property) ₹ 129 (For Construction Finance / Project Finance Cases)

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 Home Finance Ltd.’s custody (before/post loan closure)	₹ 2,000 per instance Post loan closure: a. Upto Loan of ₹ 1 Cr: ₹ 1,000 b. > ₹ 1 Cr: ₹ 2,000
Retrieval charges for copies of loan / copies of property document in IIFL Home Finance Ltd.’s custody	₹ 500/-per instance
Cheque / ECS Dishonour Charges	₹ 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	₹ 500/- per instance
Custodial Fee for property documents in closedloans	₹ 500 per month (post 60 Days from Loan Closure Date)
Cheque/ECS Swapping charges	₹ 500 per instance
Collection Convenience Fee	For Online Transaction: ₹ 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 Foreclosure Statement	₹ 500 per instance

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
Secured Business Loan / Loan Against Property / Home Equity (Portfolio: Home Equity HFC/ Home Equity IIFL) /Swaraj Home Equity, Samman & Shakthi	Floating ROI	Other Than Business	Balance Transfer/Own Source of Fund	Nil Charges	Nil Charges
Loan Against Property / Home Equity (Portfolio: Home Equity HFC/ Home Equity IIFL) / Swaraj Home Equity , Project Finance Samman & Shakthi	Floating ROI	Business Use	Balance Transfer/Own Source of Fund	Within 12 months of 1st Disbursement - 5% of amount prepaid Post 12 months of 1st disbursement - 3% of amount prepaid	Within 12 months of 1st Disbursement - 5% of amount prepaid Post 12 months till fixed rate tenor - 1% of amount prepaid
Loan Against Property / Home Equity (Portfolio: Home Equity HFC/ Home Equity IIFL) / Swaraj Home Equity , Project Finance Samman & Shakthi	Fixed ROI	Any Usage	Balance Transfer/Own Source of Fund	Within 12 months of 1st Disbursement - 5% of amount prepaid Post 12 months till fixed rate tenor - 3% of amount prepaid	Within 12 months of 1st Disbursement - 5% of amount prepaid Post 12 months till fixed rate tenor - 1% of amount prepaid
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 Post 12 months till fixed rate tenor - 3% of amount prepaid	Within 12 months of 1st Disbursement - 5% of amount prepaid Post 12 months till fixed rate tenor - 1% of amount prepaid

ROI Switch Policy

IIFL HFL provides an option to its customers to reduce the existing rate of interest on the loan through our rate reduction/conversion scheme. Every customer can take the benefit of the scheme by paying a nominal fee and opt for either reduction of residual loan tenure or Equated Monthly Installment or both.

In order to seek the same, customer can raise a request via the below channels:

Raise a Request
Customer Portal
IIFL Loans Mobile App
Call our helpline 1860 267 3000 from your registered mobile no.

Eligibility Criteria

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	50% of difference in Proposed and Existing ROI of Outstanding Principal Value or INR 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.