IKF Home Finance

  1. Home
  2. »
  3. Loan Against Property

You dream of a home we make it a reality

About Home Loans

To make the dream of homeownership a reality for everyone. We understand that many of you and your families have limited access to housing finance options, which is why we are here to bridge that gap. Our affordable housing loans are designed to cater to the needs of those who may not have access of financial assistance from conventional lenders. We offer flexible terms and competitive interest rates to ensure that owning a home is within reach for everyone. Whether you’re a first-time homebuyer or looking to upgrade to a better place, IKFHFL is here to support you every step of the way.

Loan Against Property

Our loans are incredibly versatile, serving various purposes like debt consolidation, asset acquisition, wealth building, working capital, and more. We understand that your financial needs are diverse, and we’re here to support your ambitions. With flexible repayment options and competitive interest rates, IKFHFL is your reliable partner in realizing your financial goals through Loan Against Property. Whether you’re looking to consolidate debts or invest in your future, we’ve got you covered, ensuring your financial journey is both convenient and rewarding.

Eligibility Loan amount Repayment Tenure Interest Rate (%)
  1. Salaried or self-employed with minimal proof of income or
  2. Self-employed with no minimal proof of income

Rs. 10 lakh to 1 cr

Equated Monthly Installments (EMI) comprising of principal and interest through Post Dated Cheques/ Electronic Clearance System.

3 to 20 years

Interest Rate (%): 11.75 to 14.75

Loan to Estimated cost of Construction: Up to 80%

Up to 75

Loan Amount

₹5 Lac - ₹100 Lacs *

Loan Tenure

Upto 15 Yrs *

Rate of Interest

Starting from 19% *

Maximum Loan

Upto 60% of the Market value of the property *

We offer adaptable loan repayment terms, stretching up to 15 years or until the borrower's retirement age. We believe in tailoring loan repayments to your unique financial situation, making homeownership more accessible and manageable. With us, you can comfortably repay your loan while securing your dream home, all on your terms

We're proud to offer loans with a transparent and swift service, right at your doorstep. Our digital loan processing ensures a hassle-free experience, making borrowing easier and more convenient than ever. Trust us to bring financial solutions directly to you, with transparency and speed as our guiding principles

we are delighted to offer loans without the requirement for income tax returns. We understand that not everyone may have tax returns readily available, and our goal is to provide accessible financial solutions to a wider range of individuals. With IKFHFL, you can secure the loan you need, hassle-free

IKFHFL offers loans with complete transparency and no hidden charges. We believe in straightforward financial solutions, ensuring you have a clear understanding of your loan terms without any unexpected fees.

We understand that financial situations can change, and that's why we offer the flexibility of part-payments during the middle of your loan tenure. Our commitment to your financial well-being means you can make additional payments towards your loan when it suits you, helping you reduce your interest burden and pay off your loan faster. With IKFHFL, you have the freedom to manage your loan on your terms.

Home Loans Eligibility

SHFL offers loans to a variety of individuals & Non-Individual. Home loan eligibility is determined by various factors such as income, employment status, tenure and so on. Our aim is to provide affordable housing loans to as many individuals and families as possible.

  • You should be between the ages of 24 to 70 (at the time of completion of your home loan).
  • You should be a salaried individual, a self-employed Professional/Non-Professional or Non-Individual Entities.
SALARIED
SELF EMPLOYED
For salaried individuals, home loan eligibility criteria is as follows –

A minimum of two years of work experience is a must

KYC Documents

IDENTITY & AGE PROOF (Self attested copy of any one of the following)
Valid Passport
PAN Card
Voters ID Card
Identity Card (only government & PSU employees)
Aadhar Card (UID)
Valid Driving License
Birth Certificate
SSC certificate
ADDRESS PROOF (Self attested copy of any one of the following)
OVD (Officially Valid Documents)
Copy of Aadhaar/Virtual Aadhar ID Card
Voter ID Card
Driving License** which has not expired
Passport, the validity of which has not expired
Job Card issued by NREGA & duly signed by an officer of the state Government.
Letter issued by the National Population Register containing details of name and address.

Note: If submits a Deemed Officially Valid Document (DOVD) to IKFHFL, serving as limited current address proof, they must provide updated Officially Valid Documents (OVD) within 2 months from the disbursement date of the first tranche of IKF Home Finance Limited loan.

Income & Experience Documents

Income & Experience Documents
A minimum of 3 years of working experience is must
Latest 3 Months Salary slips / Salary Certificate
Latest Form 16 / Experience Letter
Appointment Letter & Previous relieving letters
6 Months Bank Statement

Terms & Conditions

MITC English

MITC Telugu

MITC Hindi

MITC Kannada

MITC Marathi

MITC Tamil

MITC Gujarati

For self employed  individuals, home loan eligibility criteria is as follows –

A minimum of three years of work experience is a must

KYC Documents

IDENTITY & AGE PROOF (Self attested copy of any one of the following)
Valid Passport
PAN Card
Voters ID Card
Identity Card (only government & PSU employees)
Aadhar Card (UID)
Valid Driving License
Birth Certificate
SSC certificate
ADDRESS PROOF (Self attested copy of any one of the following)
OVD (Officially Valid Documents)
Copy of Aadhaar/Virtual Aadhar ID Card
Voter ID Card
Driving License** which has not expired
Passport, the validity of which has not expired
Job Card issued by NREGA & duly signed by an officer of the state Government.
Letter issued by the National Population Register containing details of name and address.

Note: If submits a Deemed Officially Valid Document (DOVD) to IKFHFL, serving as limited current address proof, they must provide updated Officially Valid Documents (OVD) within 2 months from the disbursement date of the first tranche of IKF Home Finance Limited loan.

Income & Experience Documents

Income & Experience Documents
Minimum 5 years in similar / current business and place
Latest valid registration proof to be documented
Income tax Return (for last 2 years
GST Returns (12 Months) / Bill Book / Purchase Receipts
Any document for validating borrower’s business turnover
All Bank Statements evidencing income flow

Terms & Conditions

MITC English

MITC Telugu

MITC Hindi

MITC Kannada

MITC Marathi

MITC Tamil

MITC Gujarati

Calculator

Application Process

Submit your application and documents online.

Our Credit Manager will visit to understand your needs.

We'll offer the loan amount based on your requirements, income, and property.

2024
document.addEventListener('DOMContentLoaded', function() { const menuItems = document.querySelectorAll('.elementor-nav-menu--main .menu-item-has-children'); function adjustSubmenu(item) { const submenu = item.querySelector('.sub-menu'); if (!submenu) return; const rect = submenu.getBoundingClientRect(); if (rect.left < 0) { submenu.classList.add('submenu-right'); } else { submenu.classList.remove('submenu-right'); } } menuItems.forEach(item => { item.addEventListener('mouseenter', () => adjustSubmenu(item)); }); window.addEventListener('resize', () => menuItems.forEach(adjustSubmenu)); });