India Infoline Loan Against Property
Right Documents - Easy ProcessRequired 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
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
- 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
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.
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.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
| 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 |