IIFL Home Finance Home Loan Eligibility
InferredBy ClearToLend's estimate (not a rule IIFL Home Finance publishes). See the source card.
| Age | 18 to 75 years (age when the loan ends) |
|---|---|
| Minimum income | ₹25,000 net per month; self-employed: ₹1,20,000 a year |
| Minimum credit score | 660 (CIBIL or equivalent) |
| Employment | Salaried or self-employed |
| Business vintage (self-employed) | 2 years in business |
| Funding (LTV) | Within RBI limits: up to 75-90% of the property value, depending on the loan size |
| Loan amount | ₹3,00,000 to ₹3,00,00,000 |
| Tenure | 1 year to 25 years |
Fees and charges
Processing fee up to 1.75%; collateral evaluation Rs 4,200 for non-APF home loans; overdue charge 18% a year on the overdue amount; no foreclosure charges per the product page.
Documents IIFL Home Finance lists
- Identity: PAN (mandatory), Aadhaar, driving licence, passport or voter ID
- Address: Aadhaar, driving licence, passport, voter ID, utility bills, rental agreement or property tax receipt
- Salaried: recent salary slips, Form 16, ITR, bank statements, employment letter
- Self-employed: ITR, bank statements, P&L statements, Form 16 where applicable, certificate of incorporation / partnership deed / MOA
- Property: buyer agreement, sale deed, builder or society NOC, developer payment receipt, chain documents, ownership documents, property tax receipts, encumbrance certificate, site plan and layout approval
Research notes
The product page publishes only resident Indian applicants aged 18 to 75, salaried or self-employed, with an optional co-applicant, and rates from 9.45% a year (no ceiling, so no rate block is set and the engine rate card applies). The FAQ states a 660 minimum CIBIL, Rs 25,000 minimum monthly salary and tenure up to 25 years; these are FAQ-only and kept as estimates. Amount, LTV and the self-employed floor and vintage are not published and remain estimates.