IIFL Mortgage loan Hyderabad with low interest rates.
IIFL Mortgage Loan Interest Rate
| For Commercial / Purchase | 13.75% - 15.75% |
| For Residential | 12.50% - 15.25% |
| For Industrial | N.A |
| For Plots / Others | 13.75% - 16.50% |
Other Fee & Charges
| Description | Charges |
|---|---|
| Processing Fee | Upto 1.5% of the loan amount |
| Transaction/Legal Handling charges in Balance Transfer | Rs. 2,500/- |
| Late Payment Charges | 36% per year of Outstanding EMI |
| ECS Swapping charges | Rs 500/- per instance |
Documentation Required for IIFL Mortgage Loan
For Self Employed
Filled Loan application form
2 passport size photographs
Last 2 years ITR
Identity Proof: Driving License/ Passport/ PAN/ Voter ID
Address Proof: Valid Rent Agreement/ Passport/ Utility Bill/ License
Business Proof: Business Address Proof/ VAT/Service Tax registration/ Balance Sheets certified by CA/ Profit & Loss Account/ Partnership Deed/ Business profile and Business Existence Proof
For Salaried Employee
Filled Loan application form
2 passport size photographs
Job continuity proof
Identity Proof: Driving License/ Passport/ PAN/ Voter ID
Address Proof: Valid Rent Agreement/ Passport/ Utility Bill/ License
Income Proof: Last 6 months payslips/ Last 6 months bank statement/ 2 years Form 16/ any debit card
Property Documents
Lease Deed/ Registered Sale Deed/ conveyance
Previous Sale Deeds Chain
Approved Building plan from Municipal Corporation
Latest Home tax return/ receipt
IIFL Mortgage Loan Eligilibility
Age should be 21 to 60 years
Minimum credit score is 650 and above
Loan to value ratio - Up to 60%
Fixed Obligations to Income Ratio(FOIR) - 0.65
Small & mid sized businesses, partnership firms, private or closely held companies, self employed professionals are eligibile for mortgage loans.
IIFL Mortgage Loan EMI Calculator
You can use our online EMI calculator to calculate your loan EMIs. EMI is a fixed amount that you need to pay for every month.
Features and Benefits of IIFL Mortgage Loan
Higher loan amount and tenure up to 15 years
Low interest rates
Simple and quick approval
Flexible repayment option
Higher loan amount with low EMIs
