IIFL Finance offers home loans to both salaried and self-employed residents of India with interest rates starting at 8.2% annually. The repayment period can extend to 25 years, and loans are available from INR 2 lakhs. Enjoy benefits like quick approval within 25 minutes, zero prepayment charges, simple documentation, and balance loan transfer options.

IIFL Finance Home Loan Interest Rate Offer

IIFL Finance is currently offering a home loan interest rate of 8.5%, available from ₹1 lakh to ₹2 crore with a flexible tenure of 1 to 30 years. For a loan, the estimated EMI is ₹2,052 per lakh. Inquire now to learn more about this exciting offer.

Comparing IIFL Finance Home Loan Interest Rates with Other Lenders

Before choosing a lender for your home loan, compare IIFL's rates with others to make an informed decision. Here are some rates from other lenders:

• Clix Capital: Interest starts from 15% with a processing fee of up to 10%
• Ujjivan Small Finance Bank: Interest starts from 13.75%
• Hero FinCorp: Interest is 13.22% with a processing fee of 2.5%
• Hero Housing Finance: Interest is 13.22%

EMI Calculator and Balance Transfer

Use our EMI calculator for payment estimates. Consider transferring an existing loan to IIFL Finance for better terms.

Easy and Convenient IIFL Home Loans

IIFL Finance offers a seamless online application process, with competitive interest rates and up to 25 years of repayment flexibility. Whether buying a plot, home, or apartment, IIFL supports various customer needs with quick disbursal.

IIFL Home Loan Interest Rates in 2024

Offering rates starting from 8.20%, IIFL caters to diverse needs, including building or renovating homes. Work on your credit profile for improved approval chances.

Key Highlights of IIFL Home Loans

• Interest Rates: Starting from 8.20% annually
• Loan Amount: From INR 2 lakh
• Tenure: Up to 25 years
• Processing: Typically 1.75% of loan amount

Loan Schemes

IIFL offers various schemes, including:

• Secured SME Loan: Interest from 11.5%
• Home Loan Balance Transfer: Starts at 10.25%
• New Home Loan: Starts at 8.70%

IIFL Finance also provides loans to uniformed services members, offering exclusive rates and free health insurance.

IIFL Home Interest for Salaried and Self-Employed

Interest rates start from 8.20% annually for both groups.

Balance Transfer Rates

Starts from 8.20% for transferring existing loans.

IIFL Interest Rates for Government Employees

Rates start from 8.20%, though no additional benefits are specified.

IIFL Home Loan Interest Rate for Women

Interest rates begin at 8.20% for working women; not available for homemakers.

Interest Rates for NRIs

NRIs can apply for home loans with attractive rates; eligibility criteria apply.

Comparing Rates and Charges

Understand the complete costs, including:

• Processing Fees: Up to 1.75% of the approved amount
• Late Payment: Up to 18% per annum

Calculating IIFL Home Loan Interest

Use Urban Money's calculator or the formula EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P is the principal, R is the rate, and N is the number of payments.

Benefits of IIFL Home Loan Interest Rates

Starting from 8.20%, these rates are typically lower than many major banks, suiting diverse needs like PMAY and SME loans.

Factors Affecting Rates and EMI

Factors include credit profile, property location, loan-to-value ratio, and income. IIFL provides flexibility and competitive rates across various schemes, ideal for different needs.