IIFL (India Infoline Finance Limited) offers home loans in 2025 with rates starting at 8.75% p.a. for salaried and self-employed individuals. With flexible terms, quick approvals, and minimal documentation, IIFL caters to diverse needs like purchasing, constructing, or renovating homes. Rates are tailored according to credit score, loan amount, and tenure to ensure affordability.
IIFL Home Loan Interest Rates by Employment
IIFL Home Loan Interest rates for 2025 will start from 8.75% per annum for salaried employees and for self-employed borrowers. It is due to income consistency, credit score and repayment ability.
IIFL Home Loan Interest Rates for Salaried Employees
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan For Salaried | 8.75% p.a. – 9.10% p.a |
IIFL Home Loan Interest Rates for Self Employed
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan For Self Employed | 8.75% p.a – 9.20% p.a |
IIFL Home Loan Interest Rates for NRIs
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan For NRIs | 8.80% p.a. – 10.50% p.a |
Check Out: IIFL Finance Home Loan EMI Calculator
IIFL All Schemes Home Loan Interest Rates
IIFL presents a range of home loan schemes in 2025, with interest rates beginning at 8.75% p.a., designed for salaried, self-employed, and NRI customers. The loans feature flexible tenures, easy documentation, and fast approvals.
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| IIFL Home Loan | 8.75% p.a onwards |
| IIFL Secured Business Loan | 10.65% p.a onwards |
| IIFL Shakthi Loan Against Property | 10.75% p.a – 14.00% p.a |
| IIFL Home Loan Balance Transfer | 8.90% p.a onwards |
| IIFL Home Improvement Loan | 8.90% p.a onwards |
| IIFL Home Loan For Uniformed Services | 8.75% p.a onwards |
| IIFL NRIs Home Loan | 8.80% p.a – 10.50% p.a |
All Schemes Offered by IIFL: A Detailed Overview
Explore all the loan schemes offered by IIFL home loans, business loans, personal financing and many more planned to suit numerous financial needs through flexible terms.
IIFL Home Loan
IIFL Home Loans provide quick approvals, minimal documentation, and tailored solutions for purchasing, constructing, or renovating your dream home.
| Features | Details |
|---|---|
| Interest rate | 8.75% p.a onwards |
| Maximum loan amount | Up to Rs. 5 crores |
| Loan tenure | Up to 30 years |
| Processing fees | 0.50% to 2% of the loan amount, plus applicable taxes. |
| Eligibility | New and Existing Bank Customers |
IIFL Secured Business Loan
IIFL Home Loans offers secured business loans for new and existing ventures, providing quick financial assistance to meet your business needs.
| Features | Details |
|---|---|
| Interest rate | 10.65% p.a onwards |
| Maximum loan amount | Up to Rs. 10 crores |
| Loan tenure | Up to 10 years |
| Processing fees | 2% to 9% of the loan amount, plus applicable taxes. |
| Eligibility | minimum of 21 years and a maximum of 70 years. |
Read More: IIFL Finance Home Loan Eligibility Calculator
IIFL Shakthi Loan Against Property
Shakthi Loan Against Property offers quick financing by pledging commercial or residential property as collateral, ideal for business expansion or home renovation.
| Features | Details |
|---|---|
| Interest rate | 10.75% p.a – 14.00% p.a |
| Maximum loan amount | Up to Rs. 10 crores or up to 65% of the property value |
| Loan tenure | Up to 7 years |
| Processing fees | 2% of the loan amount, plus applicable taxes. |
| Eligibility | New and Existing Bank Customers |
IIFL Home Loan Balance Transfer
A Balance Transfer allows borrowers to move their loan to another bank for a lower interest rate, a top-up, or a longer repayment tenure, though many are unaware of its benefits.
| Features | Details |
|---|---|
| Interest rate | 8.90% p.a onwards |
| Maximum loan amount | Up to Rs. 35 lakhs |
| Loan tenure | Up to 30 years |
| Processing fees | Upto 2% of the loan amount, plus applicable taxes. |
| Eligibility | New and Existing Bank Customers |
IIFL Home Loan Improvement Loan
IIFL Home Loans offers Home Improvement Loans to help you transform your space with ease. Whether it’s for remodeling, flooring, or design work, the loan covers all expenses, relieving your financial burden.
| Features | Details |
|---|---|
| Interest rate | 8.90% p.a onwards |
| Maximum loan amount | Up to Rs. 50 lakhs |
| Loan tenure | Up to 25 years |
| Processing fees | Up to 2% of the loan amount, plus applicable taxes. |
| Eligibility | New and Existing Bank Customers |
IIFL Home Loan For Uniformed Services
IIFL Home Finance offers a special “Residential Home Loan for Uniformed Services” for Indian Defence and Paramilitary Forces, including serving and retired personnel.
| Features | Details |
|---|---|
| Interest rate | 8.75% p.a onwards |
| Maximum loan amount | Up to Rs. 2 crore |
| Loan tenure | Up to 25 years |
| Processing fees | 0.50% – 1.75% of the loan amount, plus applicable taxes. |
| Free Health Insurance | Up to 3 lakhs |
IIFL NRIs Home Loan
IIFL Home Loans offers NRI Home Loans for overseas residents looking to buy property in India, along with expert legal and technical support. Available for salaried and self-employed NRIs in select countries.
| Features | Details |
|---|---|
| Interest rate | 8.80% to 10.50% p.a. |
| Maximum loan amount | Up to Rs. 5 crore |
| Loan tenure | Up to 30 years |
| Processing fees | Up to 2% of the loan amount, plus applicable taxes. |
| Eligibility | New and Existing Bank Customers |
How to Get Lowest and Best Home Loan Interest Rates at IIFL
- Check your credit report: the tradeoff is that the higher your score is, the greater chance to qualify for a lower rate of interest.
- Comparison: Rate should be an IIFL Bank rate. Compare it with others too.
- Earn steady income to hand it over: it is more vital to be drawing a salary over time.
- Decide to Choose the Best-Wanted Loan: Fixed interest is good because it means relaxation, yet floating rates typically start lower.
- Opt for the higher tenure: The duration of the loan becomes longer so that the EMI decreases while the total amount of interest increases.
- Make Profitable Investment: Cut down the loan amount by major payment options and receive improved rates.
- Express Interest in Special Offers: Especially for the female and IIFL account holders, there are no special offers for female customers and IIFL account holders presently.
- Get a discount on higher loan amounts: For loans drawn in higher amounts, the predominant factors are what reduction has been given on it.
- Check Loan Attachment: Look to swap or refinance in case of better loan terms available anymore.
- Negotiate on Processing Charges: With reference to some of those charges in terms of variations, you need to bargain out the ‘take-it-or-leave-it’ stance adopted by them.
Check Out: CIBIL Score for IIFL Home Loans
Factors that Affect IIFL Home-Loan Interest Rate
- If you have a good credit score, then you can benefit from the lower interest rates.
- Qualifying for larger loan amounts allows you to enjoy lower interest rates.
- A loan-lasting time of fewer years always yields lower interest for any long-dated deals.
- Employees who receive salaries generally are given the lowest interest rate, in comparison to self-employed people.
- The new loans have added a high rate of property and a lower loan-to-value ratio along with lower rates.
- Locations and survey nature (residential/commercial) of property influences that rate for home loans.
- Home Loans directly affected by the repo rates of The Reserve Bank of India.
- For long-time clients, IIFL offers special rates, better than the lowest published rate.
- LOW LTV ratios get more favorable at imposing lower interest rates.
- Loan Rates are comfortably affected by Economic factors like Inflation and Housing Markets.
Types of Home Loan Interest Rates
| Interest Rate Type | Definition | Pros | Cons |
|---|---|---|---|
| Fixed | Rate remains constant throughout a predetermined period or entire tenure. | – Predictable EMIs for budgeting – Protection against rising interest rates | – Typically, higher rates compared to floating – No benefit if market rates go down |
| Floating (Variable) | Linked to market benchmarks (e.g., Repo Rate, MCLR) and changes over time | – Often cheaper when rates fall – Can partly or fully prepay with lower penalties | – EMIs fluctuate with market conditions – Costs may rise if rates increase |
How is IIFL Interest Rates Calculated
IIFL Bank calculates its home loan interest rates after analyzing certain key elements:
- Benchmark Rate: Based on the RBI guidelines and market conditions, IIFL uses either MCLR or EBLR.
- Spread or Markup: An individual and the type of loan granted it determines the spread added by IIFL.
- Credit Score: A higher credit rating often translates into lower interest rates.
- Type and Term of Loan: Other factors such as the loan type also play a key role in determining interest.
- Loan-to-Value (LTV) Ratio: A higher LTV ratio is likely to result in higher interest rates.
- Economic Factors: How interest rates swing given the current circumstances; inflation will help you understand how these factors will influence such borrowing rates as the Repo Rate set by the RBI.
- Loan Amount: Higher loan amounts can help avail better interest rates, but this insight is subjective to how lenders perceive your risk grade.
How to Switch my IIFL home loan from Fixed to Floating Interest Rates?
Migrate from a fixed interest rate to a floating home loan interest rate from IIFL:
- Check Eligibility: Your loan account should be eligible to be converted. Subject to some terms and conditions in your existing loan agreement.
- Please get in touch with IIFL Bank: Contact the customer care or your relationship manager from IIFL Bank requesting the switch from fixed to floating rate.
- Just Fill up the Form: Sometimes it is required to fill a formal request for beginning the conversion process physically or via an online submitted form.
- T&Cs will follow: The terms will follow about the prevailing floating rates, charges, and the re-definition of loan tenure or Emi Post-after discussion.
- What you are to know: You have to be cautious about the charges that may apply during the conversion like the processing fees or administrative charge or both even.
- Sign the Agreement: Sign a formal document if the conversion is approved to switch in reality to floating rates.
- Wait for Confirmation: IIFL Bank will acknowledge the request after completion and put your home loan under the floating interest rate.
How to Obtain IIFL Home Loan Interest Certificate
Time needed: 3 minutes
- Visit IIFL’s Website
Log in to your IIFL account on their official website.
- Navigate to the “Customer Portal” and sign in using your credentials
- Request Certificate
Look for the “Interest Certificate” option under the loan section.
- Download or Request
You can download the certificate directly or request it via email.
The interest certificate will include details of the interest paid on your home loan during the financial year, which is useful for tax purposes.
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Owning a house is a very big decision. Most people have a hard time getting a home loan. But we are here to make it easy for you-choosing to take Credit Dharma’s home loans is the best way to simplify all the processes. Our advice and personalized assistance can help alleviate your concerns.
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Conclusion
The IIFL Bank offers lower Home Loan Interest Rates with attractive flexible options, partnering with finance seekers to offer affordable and acceptable financing.
Frequently Asked Questions
IIFL Home Finance offers home loans starting at 8.75% p.a. for up to 30 years, along with a balance transfer facility at lower interest rates for existing borrowers.
IIFL stands for India Infoline Finance Limited.
IIFL is a non-banking financial company (NBFC), not a bank.
Yes, IIFL is a reputable and regulated financial institution, making it a safe option for loans.
Yes, IIFL is registered and approved by the Reserve Bank of India (RBI) as a non-banking financial company (NBFC).
Individuals above 21 years of age, with a stable income source and a good credit history, are eligible for IIFL loans.
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