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IIFL Home Loan

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Lowest interest rates starting from 7.1%

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Starting 7.10% p.a.

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HDFC Bank
Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
ICICI Bank
Min Loan Amt. ₹15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
Axis Bank
Min Loan Amt. ₹30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee₹ 14,000
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How Can I Apply for a Home Loan Online?

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Step 1: Enter your mobile number in the application form.

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Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

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IIFL Home Loan Highlights

Interest Rate 8.75% p.a. onwards
Loan Amount Rs 2 lakh onwards
Loan Tenure Up to 30 years
Processing Charges Up to 1.75% of the loan amount

IIFL Home Loan Interest Rates

IIFL home loan interest rate starts at 8.75% p.a. onwards. The final interest rates offered to the applicants will depend on various factors such as credit score , age, monthly income, job profile, employer’s profile, loan amount, LTV ratio, etc. All these factors contribute to the margin being higher or lower at the time of on-boarding the customer. Hence, home loan applicants should ensure to compare home loan interest rates of top banks and HFCs before making a home loan application. Stated below are the IIFL home loan interest rates based on the home loan scheme:

Particulars Interest Rates (p.a.)
Home Loan 8.75% onwards
Home Improvement Loan 8.90% onwards

Compare Interest Rates on Home Loans for Top Banks & HFCs

Name of Lender Loans of Up to Rs. 30 Lakh
Bank of India 7.10% p.a. onwards Check Eligibility
State Bank of India 7.25% p.a. onwards Check Eligibility
Punjab National Bank 7.20% p.a. onwards Check Eligibility
Canara Bank 7.15% p.a. onwards Check Eligibility
HDFC Bank 7.90% p.a. onwards Check Eligibility
Bajaj Housing Finance 7.40% p.a. onwards Check Eligibility
ICICI Bank 7.65% p.a. onwards Check Eligibility
Axis Bank *8.25% p.a. onwards Check Eligibility
Federal Bank *7.90% p.a. onwards Check Eligibility
Kotak Mahindra Bank 7.70% p.a. onwards Check Eligibility
IDFC FIRST Bank 8.85% p.a. onwards Check Eligibility
IDBI Bank 7.35% p.a. onwards Check Eligibility
RBL Bank 8.20% p.a. onwards Check Eligibility
Tata Capital Housing Finance 7.75% p.a. onwards Check Eligibility
PNB Housing Finance *7.20% p.a. onwards Check Eligibility
Sammaan Capital
(Formerly known as Indiabulls Housing Finance) 		8.75% p.a. onwards Check Eligibility
India Shelter Home Loan 8.43% p.a. onwards Check Eligibility
L&T Finance Limited *8.40% p.a. onwards Check Eligibility
Godrej Housing Finance 7.75% p.a. onwards Check Eligibility
Home First Finance 8.00% p.a. onwards Check Eligibility
Easy Home Finance 8.99% p.a. onwards Check Eligibility
Piramal Capital Housing Finance *8.25% p.a. onwards Check Eligibility
Shubham Housing Finance 10.45% p.a. onwards Check Eligibility
Punjab & Sind Bank 7.30% p.a. onwards Check Eligibility
Jio Housing Finance 8.20% p.a. onwards Check Eligibility
HDFC Sales Pvt Ltd 7.90% p.a. onwards Check Eligibility

Check home loan processing fees  as charged by leading banks and HFCs.

IIFL Home Loan Processing Fee and Other Charges

Particulars Charges/Fees
Processing Fee Up to 1.75% of the loan amount
Transaction/Legal Handling charges in Balance Transfer Rs. 2,500
CERSAI Fees Rs 100 (for loans > Rs 5 lakh)
Rs 50 (for loans <= Rs 5 lakh)
Cheque / ECS Dishonour Charges Rs 500 for each ECS/cheque bounce
Nil on Representation of ECS/ Cheque
Late Payment Charges 18% p.a. of outstanding EMI
Cheque / ECS Dishonour Charges Rs 500 for each ECS/cheque bounce
Nil on Representation of ECS / Cheque
Foreclosure Charges For individuals: No foreclosure or part prepayment charges on floating rate home loans
For non-individuals:
Within 1st year of the first disbursement
For Full/Part Prepayment: 5% of amount prepaid
After 1st year till fixed-rate tenor
For Full Prepayment: 3% of amount prepaid
For Part Prepayment: 1% of amount prepaid

Types of IIFL Home Loan

IIFL New Home Loan
Purpose:

IIFL New Home Loan is a regular housing loan scheme for salaried and self-employed home loan applicants. This home loan scheme can only be availed by Resident Indian citizens.

Loan Amount:

The HFC offers home loans starting from a loan amount of Rs 2 lakh

Tenure:

Applicants can apply for home loan of up to 30 years

IIFL Home Loan for Uniformed Services

IIFL Home Loan for Uniformed Services (Residential Home Loan for Uniformed Services) is a special home loan scheme for working and retired personnel of Indian Defence Forces and Paramilitary Forces.

Purpose:

The eligible applicants can avail the loan for house construction or house purchase (ready to move in or under construction) from a builder or developer or self-construction of house or purchase of property from an individual seller.

Benefits:
  • The scheme features free health insurance of up to Rs 3 lakh for 1 year, starting from the date of the first disbursal of the loan
  • Borrowers can get one EMI cashback on completion of 48 EMIs
IIFL Home Improvement Loan
Purpose:

Consumers can apply for IIFL Home Improvement Loan to renovate, extend, and enhance their existing homes. This includes flooring, tiling, bathroom makeovers, kitchen remodeling, garden design, home extensions, plastering and more. The loan amount also covers expenses related to contractors, interior designers, purchase of raw materials, and other associated costs.

Loan amount:

IIFL offers home improvement loan of loan amount of up to Rs 50 lakh

Tenure:

Prospective borrowers can avail loan of up to 25 years

IIFL Home Loan Balance Transfer

Existing home loan borrowers of other banks and HFCs can exercise home loan balance transfer facility to transfer their outstanding home loans to IIFL Home Finance Limited at lower interest rates and/or better terms and conditions. The HFC offers loan of tenures of up to 20 years.

IIFL NRI Home Loan

IIFL NRI home loan scheme is for Non-Resident Indians (NRIs) to purchase residential properties in India. Both salaried and self-employed NRIs residing in the following countries can apply for NRI home loan :

  • North America - USA and Canada
  • Middle East Countries - U.A.E. (Dubai, Abu Dhabi, Sharjah only), Riyadh, Bahrain, Saudi Arabia, Qatar, Oman, Muscat, Kuwait
  • East Asian Countries - Singapore, Japan, Thailand, Malaysia, Hong Kong
  • All EU Countries (except Greece, Portugal, Spain and Italy)
  • Australia and New Zealand
IIFL Pradhan Mantri Awas Yojana

IIFL Home Finance Ltd. also offers home loans under the Pradhan Mantri Awas Yojana (PMAY) scheme for meeting the housing needs of Lower Income Group/Economically Weaker Section/ Middle Income Group (EWS/LIG/MIG) (first-time home buyers) by offering them interest subsidy of up to Rs. 2.67 lakh on a home loan.

Eligibility Criteria to Apply for IIFL Home Loans

General Eligibility Criteria for IIFL Home Loans are:
  • Resident Indians, Non-Resident Indians (NRIs), and Person of Indian Origin (PIOs) are eligible for the loan
  • The age of the applicant should be from 18 to 75 years
  • Applicant should have a clean record in terms of past loans and statutory payment

While the HFC has not stated any cut-offs for home loan applicants’ credit score and EMI/NMI ratios, banks and HFCs also consider these factors for evaluating their applicants’ home loan eligibility.

Eligibility Criteria for Home Loan Balance Transfer
  • The applicant should have paid at least 12 months of home loan EMIs
  • The applicant should not have defaulted on his/her home loan EMIs
  • If the property is under construction, the applicant must possess a copy of the approved plan
  • If the home loan is disbursed to the applicant and the registration of the property is pending, the applicant will not be eligible for IIFL Home Loans Balance Transfer
  • In the case of ready-to-move-in property, the registration of the property is a mandatory requirement for a home loan balance transfer
Eligibility Criteria to Apply for NRI Home Loans
  • Any Indian citizen (salaried or self-employed) between the age group 18 to 75 years can apply for the loan
  • The applicant should hold a Valid Indian Passport.
  • The passport of the home loan applicant should not have a NO ENTRY stamp, prohibiting NRI applicants from entering the country.
  • Passport with Valid Entry Visa for NRI applicant where he is appearing in person for submitting the application.
  • Applicants with PIO / OCI status should have a Valid PIO / OCI Card copy in addition to a foreign country passport.

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IIFL Home Loan Documents Required

Following are the documents required to successfully apply for IIFL Home Loan:

  • Duly filled IIFL home loan application form
  • Proof of Identity
  • Proof of Address
  • Proof of Address of Business Entities (if applicable)
  • Proof of Income for Salaried:
    • Last 2 months’ salary slip
    • Last 6 months’ bank statement of salaried account
    • Latest Form 16 / ITR
  • Proof of Income for Self Employed
    • Income Tax Returns along with computation for the last 2 financial years
    • Balance Sheet and Profit & Loss account along with all annexures (duly CA certified and audited if applicable)
    • Last six months current account statement of the business entity and saving account statement of individual
  • Copy of complete chain documents of the property (as applicable)
  • Copy of Agreement to Sell (if executed)
  • Copy of the Allotment Letter/Buyer Agreement (if applicable)
  • Copy of Receipt/(s) of payment/(s) made to the developer (if applicable)

How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

Apply Now

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FAQs

A co-applicant is not required to apply for a home loan. However, if there are other co-owners of the property for which you are availing the home loan, then it is mandatory to include them as co-applicants.

IIFL Home Finance has not specified the cut-off credit score for its home loan applicants. However, the applicants with credit scores of 750 and above have higher chances of availing home loans at lower interest rates.

Lower LTV ratio decreases credit risk for lenders; therefore, lenders too prefer approving home loan request of applicants having lower LTV ratios. Hence, opting for a lower LTV ratio can enhance your home loan eligibility. Some banks and HFCs also offer lower home loan interest rates to applicants going for lower LTV ratios. Furthermore, lower LTV ratios translate to lower loan amounts, which when combined with lower interest rates can significantly reduce your overall interest cost.

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What our customers say

Time saving process

Office ke chalte jyada samay nahi nikal pata tha. Paisabazaar ke online process ki wajah se na hi mene banks ke rates compare karliye ghar bathe balki mera loan application aur disbursal bhi ghar bathe hi ho gaya...bank jana hi nahi pada...

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Pradeep SinghJan 7, 2026

Kam rates pe loan mila

Paisabazaar se mujhe bahut kam rate pe loan mil gaya...isse mere budget pe jada asar nahi pada aur jald hi mera apna ghar ho jayega..

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Nidhi SharmaJan 6, 2026

eligibility check ho jati hai free

me home loan lene ka soch raha tha uske liye mene pehle paisabazaar app se free me apni eligibility check ki..usse mujhe pata chala muje kya cheeze improve karni hai aur fir mera loan jaldi approve ho gaya.

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Shikhar SahuJan 5, 2026

Home loan mila yaahaan par

Mujhe home loan chahiye tha aur yahaan par sahayta kiya inhone aur loan mila. Pehla loan tha mera lekin sab ache se ho gaya.

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Prem Prakash PandeyDec 7, 2025

Home loan here

I took home loan here and they helped me in every step specially in collecting and submitting documents at the time of approval.

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Chandan SinghDec 1, 2025

Got the best home loan interest rate

I was confused and did not have so much time to carry out all the research, so I logged in to Paisabazaar’s portal and was able to see the home loan options I was eligible for. With the assistance of Paisabazaar’s experts, I was able to find the home loan that offered the rate of interest I could afford. Thank you Paisabazaar!

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Anu BhatnagarSep 10, 2021

Excellent Home Loan Service by Paisabazaar

Ended up taking an ICICI Home Loan and I think it was one of the best decisions I ever made. I thank Paisabazaar for helping me out and answering my questions with so much patience.

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KJ ThomasSep 10, 2021

Had a great experience with Paisabazaar

I have always heard my friends talking about how tedious it was for them to avail a home loan and decide the most suitable option. But with the help of Paisabazaar, I was able to compare several home loans and opt for the one that suited my needs. I am happy that I considered Paisabazaar for helping me.

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Ritesh SharmaSep 10, 2021

quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

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Rupanjali MishraSep 3, 2021

Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

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Soumil KhannaSep 3, 2021
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