IIFL Finance Loan Against Property

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Right Documents - Easy Process

Required Documents to Apply for IIFL Loan Against Property

Salaried income documents

  • KYC of applicant & Co-Applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Appointment letter of applicant if available
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented
  • 2 Reference with contact details

Self Employed person documents

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo

Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If LAP is applied with Government Bank then 30 year chain is required
3. If applicant is professional, then his professional degree is required

Note : IIFL Loan Against Property may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

Share & Apply

About IIFL Loan Against Property

Take advantage of flexible EMI choices and appealing interest rates to apply for an IIFL loan secured by the property. The interest rate for IIFL LAP is 14% per year. Mortgage finance with multiple uses is available for up to Rs 2 crore over ten years. With a cheap processing charge, simple eligibility requirements, a free LAP Calculator, and a quick online application process, IIFL provides highly customized LAP options for salaried and self-employed individuals alike.

A completely built home, as well as both residential and commercial properties, may be used as collateral for an IIFL Loan Against Property. It is a flexible loan that may be used for a variety of purposes, including personal needs like higher education costs, wedding expenses, medical bills, etc.

Work Process

Save Your Time with a Simple Loan Process

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Our lives are full of ups and downs, and when it comes to down phases, that is the time we are facing personal issues in our lives. And among these individual issues, financial losses play a significant role. For such losses, IIFL is a renowned finance company offering the best loans against properties with the lowest interest rates and loan amounts. So let us move ahead in this article and learn more about the features and all other essential details about IIFL Loan Against Property.
Loan amount Up to Rs. 10 crores
Interest rates 10.75% p.a. onwards
Loan tenures Up to 15 years
Processing fees Up to 2% of the sanctioned loan amount
Late payment fee 18% of the outstanding loan EMI amount
Collection visit charges Rs. 500 per visit
Cheque bounce charges Rs, 500 per bounce
Loan to value (LTV) Up to 65% of the market value of the property
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