IIFL Finance, an NBFC established in 1995 and headquartered in Mumbai, registered with the RBI in the NBFC class, offers a home loan with a floating interest rate ranging from 8.9% to 17.1%. The prepayment penalty is 0%, and IIFL Finance states no foreclosure charges apply. The loan amount ranges from ₹2 lakh to ₹2 crore, with tenure between 24 and 360 months.
A collateral evaluation fee of ₹4,200 applies for non-APF properties. The interest rate is pegged to IIFL HFL's own BPLR. Required documentation includes PAN, proof of identity, proof of address, property documents, and proof of income. Processing fee, minimum CIBIL score, and borrower age and salary requirements are not published for this product.
As published by IIFL Finance. Your branch may ask for more.
The upper age limit is set so the loan closes by retirement.
Tax: principal up to ₹1.5L under 80C and interest up to ₹2L under 24(b) per year for a self-occupied home (subject to conditions). Confirm with a tax adviser.
Most home loans are floating (EBLR/repo-linked). Floating-rate loans to individuals carry no foreclosure charge, so you can prepay freely — usually the better choice unless you specifically need rate certainty.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.