The IIFL home loan processing fee charges up to 1.75% of the sanctioned loan amount for home loans. This fee covers administrative expenses such as application evaluation, document verification, and credit assessments. Beyond this processing fee, you must aware of the following charges:
CERSAI Fees: Rs.50 for loans up to Rs.5 lakhs and Rs.100 for loans exceeding Rs.5 lakhs.
Collateral Evaluation Charges:
Rs.3,000 for Home Loans under Non-Approved Project Finance (Non-APF).
Rs.5,000 for Non-Home Loans up to Rs.2 crores.
Rs.10,000 for Non-Home Loans between Rs.2 crores and Rs.5 crores.
Rs.25,000 for Non-Home Loans above Rs.5 crores.
Transaction/Legal Handling Charges: Rs.2,500 for balance transfer cases.
It's important to note that the processing fee is non-refundable, even if the loan is not sanctioned or disbursed. I hope you found this helpful.
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What is IIFL Processing Fees For Home Loan?
I think more and more individuals are choosing IIFL Home Loans for their house loan needs as a result of our affordable interest rates, prompt approvals, little documentation requirements, and flexible EMI payments! Although you may opt to go with IIFL for a home loan to obtain quick and easy access to funds for purchasing your dream residence, there are certain costs and charges involved as well. IIFL offers competitive and affordable interest rates, as previously stated, with rates as low as 8.75%. The following are the additional charges associated with choosing an IIFL Home Loan, on top of the interest rate charges:| Processing Fees | Up to 1.75% |
| Collateral Evaluation Charges in Home Loan Non-APF | ₹3,000 |
| Late Payment Charges | 18% per annum on the overdue loan amount |
| Foreclosure Charges | When a loan is availed by the company - Within 12 months of 1st Disbursement - 5% of the amount prepaid + taxes Post 12 months till fixed rate tenor - 3% of amount prepaid + taxes |
What is the Processing Fee For IIFL Home Loan?
Usha
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2024-05-07T10:57:03+00:00 2024-05-07T10:57:16+00:00Comment
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