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.
Ashray Home Loans
We IKFHFL believe in making homeownership dreams come true, even for those facing documentation challenges in the un-served and under-served segments. We recognize that not everyone has the conventional financial and property documents, yet the desire for a place to call home is universal. With Ashray, we’re offering a helping hand to individuals in these situations. Our specialized schemes, including Ashray – Self-Construction Loan, Ashray – Ready Purchase Loan (Resale/New), Ashray – Ready Purchase (Resale) – Group House Flat, Ashray – Under Construction Purchase, Ashray – Balance Transfer Loan, Ashray Loan – Top Up, and Ashray Loan – BT plus Top-Up, are tailored to fit a range of homeownership needs.
- Salaried or self-employed with minimal proof of income or
- 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%
Loan Amount
Loan Tenure
Rate of Interest
Maximum Loan
- Kindly note that the specifics mentioned may be subject to change based on the borrower's risk assessment, and loan approval is solely at the discretion of IKFHFL.
- An additional 2% shall be applicable in cases where there is no approved plan.
We offer adaptable loan repayment terms, stretching up to 20 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've simplified the loan process with minimal documentation requirements, ensuring a convenient and hassle-free experience for borrowers. We understand that your time is valuable, so we've streamlined the paperwork to make securing a loan easier than ever. Trust us to provide you with a straightforward and efficient path to your financial goals.
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
IKFHFL is pleased to offer housing loans that qualify for income tax exemption under the relevant income tax sections, such as Section 24(b) for interest payments and Section 80C for principal repayments. We understand the importance of financial benefits for our customers, and our housing loans are designed to provide eligible borrowers with the advantage of income tax exemptions.
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.
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.
For salaried individuals, home loan eligibility criteria is as follows –
A minimum of two years of work experience is a must
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
|
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
|
For self employed individuals, home loan eligibility criteria is as follows –
A minimum of three years of work experience is a must
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
|
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
|