About Home Loan

We are in the business of providing affordable financing options to fulfill all your dreams. Our vision is to make your dream home come true instantly in a hassle-free manner.

Eligibility Criteria

• An interactive tool is available on their website

Documents Required

• PROOF OF IDENTITY/ADDRESS
• PROOF OF INCOME

For Salaried:

• Copy of complete chain documents of the property (As applicable)
• Copy of Agreement to Sell (If executed)
• Copy of the Allotment Letter / Buyer Agreement (If applicable)
• Copy of Receipt/(s) of payment/(s) made to the developer (If applicable)

For Self Employed:

• Latest List of share holding pattern (duly CA/CS certified)
• MOA (for private Limited companies)
• Partnership deed (for partners

Do’s and Dont’s

Do’s

• Make your mortgage or rent payments on time
• Stay current on all existing accounts
• Continue to work for the same employer
• Continue living at your current residence
• Keep credit card balances at or below 40% of credit limits
• Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

• Don’t make a major purchase (car, boat, etc.)
• Don’t apply for new credit or loans of any kind
• Don’t change bank accounts or banks unless advised
• Don’t consolidate your debt into fewer accounts
• Don’t Deposit cash or non-traceable funds
• Don’t close credit card accounts
• Don’t borrow money
• Don’t transfer checking or savings balances from one account to another
• Do not give notice to your landlord before consulting with your loan officer

APPLY

About Loan against property

Loan against fully constructed , residential and commercial properties for business needs, marriage, medical expenses and other personal need

Eligibility Criteria

• Any Resident Indian Individual (Salaried / Self Employed) can apply Individually or Jointly. Co applicants can be close relatives, partnership firms, and private limited company

Documents Required

•   KYC Documents

Proof of Income

Salaried	Non Salaried
Last 2 months Salary Slip	Income Tax Returns along with computation for last 2 financial years
Last 6 months bank statement of Salary account (for salaried)	Balance Sheet and Profit & Loss account along with all annexure (duly CA certified and audited if applicable)
Latest form 16 and ITR	Last six months current account statement of the business entity and saving account statement of individual

 

Other Documents

Salaried	Non Salaried
Duly Filled and Signed application form	Duly Filled and Signed application form
Documents related to running loans along with last 6 months bank statement from which the repayment of these loans are made	Documents related to running loans along with last 6 months bank statement from which the repayment of these loans are made
	List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company
	Memorandum and Articles of Association of the Company
	Partnership Deed in case of the business entity being a partnership firm

 

Property related documents required for file sanctioning

Salaried	Non Salaried
Copy of complete chain documents of the property as applicable	Copy of complete chain documents of the property as applicable
Copy of Approved Plan, if applicable	Copy of Approved Plan, if applicable

Do’s and Dont’s

Do’s

• Make your mortgage or rent payments on time
• Stay current on all existing accounts
• Continue to work for the same employer
• Continue living at your current residence
• Keep credit card balances at or below 40% of credit limits
• Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

• Don’t make a major purchase (car, boat, etc.)
• Don’t apply for new credit or loans of any kind
• Don’t change bank accounts or banks unless advised
• Don’t consolidate your debt into fewer accounts
• Don’t Deposit cash or non-traceable funds
• Don’t close credit card accounts
• Don’t borrow money
• Don’t transfer checking or savings balances from one account to another
• Do not give notice to your landlord before consulting with your loan officer

APPLY

About Business Loan

IIFL SME Loans is a credit facility to help fund business inventory and receivables to meet your day-to-day working capital needs.

Eligibility Criteria

IIFL Provide working capital finance to all entities engaged in business of:

• Manufacturing, Services of Trading.

• Sole Proprietorship Firms

• Partnership Firms

• Private limited Companies

• Applicant age: Minimum 21 years and Maximum 75 years

• Business vintage of minimum 3 years

• Positive net worth

• Good repayment history

Documents Required

• Duly filled application form
• KYC documents (click here to view KYC policy)
• Incorporation documents
• Audited financial statements of the preceding 2 years
• IT Returns (along with computation of income, Balance Sheet and Profit & Loss A/c) of the preceding 2 years
• Bank Statements of the preceding 6 months
• Other Mandatory Documents (example: Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)

Do’s and Dont’s

Do’s

• Make your mortgage or rent payments on time
• Stay current on all existing accounts
• Continue to work for the same employer
• Continue living at your current residence
• Keep credit card balances at or below 40% of credit limits
• Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

• Don’t make a major purchase (car, boat, etc.)
• Don’t apply for new credit or loans of any kind
• Don’t change bank accounts or banks unless advised
• Don’t consolidate your debt into fewer accounts
• Don’t Deposit cash or non-traceable funds
• Don’t close credit card accounts
• Don’t borrow money
• Don’t transfer checking or savings balances from one account to another
• Do not give notice to your landlord before consulting with your loan officer

APPLY