BUY YOUR DREAM HOME WITH IIFL HOME LOANS
We offer our product “New Home Loan” to customers across PAN India. The product is available for both salaried and self employed group of people. Be it Average Middle Class or Upper Class – Our customer segment includes every type of customer. We finance the housing dreams at a very attractive interest rate and would keep doing the same. Our constructive role in shaping the real estate sector is noteworthy.
We believe in “affordable housing for all by 2022” and are engaged in empowering people make their housing dream come true. Under affordable housing scheme, 2 crore new houses would be constructed across the nook and corner of the country by 2022; we are playing an instrumental role in making this unique mission success.
Home loan involves lots of paper works and formalities. We have tried our best to keep the process simple and hassle-free. To make it more simple and for fast processing of applications, we leverage the right technology. However, acustomer approaching for a home loan must arrange his documents for smooth functioning of the home loan process.
With proper documents and good CIBIL score, the customer can avail some rebate or discount on processing fee and interest rate. Let us see how home loan is sanctioned. It depends on varied factors like collateral security, repayment capacity, credit score, past credit story of the applicant.
We comprehend the varied profiles, and ensure our services reach to the maximum possible number of people. We have reached Tier 1, Tier 2 and even Tier 3 cities and are expanding our footprints there on a colossal scale. Our customer base also includes those people who have bad or nil credit history. We offer our customers “azaadi” from strict income documentation and “azaadi” from long turnaround time.
Moving on to loan documentation process, it is simple and trouble-free. If we talk about the home loan tenure, here in IIFL Home loans, the loan tenure starts from 1 year and can be up to 30 years, subject to varied terms & conditions. The tenure of loan is determined by borrower’s age, loan scheme or nature of the product, collateral security etc.
We offer the collateral evaluation services at free of cost. Again, e filing charges, stamp `duty and other statutory charges depend on situation to situation and place to place. We believe in transparent and ethical operations, and hence showcase annual income tax certificate and annual outstanding balance sheet of preceding financialyear to our all home loan borrowers. These reports are displayed in the first quarter of every financial year.
To mitigate the risk of unforeseen disasters like fire, theft or earthquake, we arrange home loan insurance for our clients. The insurance helps the dependants of the home buyers to settle the outstanding dues on time. This provides mental relief to loan borrowers.
An applicant should compute his/her eligibility before applying for the home loans. The best way to check the eligibility is through Home Loan E.M.I Calculator. With few basic details, one can figure out his eligible amount, calculate his interest and take wise decisions accordingly.
SO, GO AHEAD. BUY YOUR NEW HOME WITH US.