Rates and Charges | IIFL Home Loan

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/-
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.

Schedule of Charges : During Term of Loan

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*	For Online Transaction: Rs. 100 /- per instance for online collection. This fee would not be charged if the 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

Note: The above charges are exclusive of applicable taxes, if any.

Schedule of Charges - On Foreclosure / Pre-Payment:

Home Loan During Floating ROI tenor
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

Home Loan During fixed ROI tenor
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)
Own sources of funds#	NA	NA
Any other source of funds	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

#Note : The expression “own sources” for the purpose means any source other than by borrowing from a bank/ HFC/ NBFC and/or a financial institution.

Non HL During Floating ROI tenor
End use of funds	Borrower Type- Individuals		Borrower Type- Non-Individuals
End use of funds	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	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

Non HL During fixed ROI tenor
	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)
Own sources of funds	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
Any other source of funds	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

Attractive Rates & Charges