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.
Vikaas MSME Loans
“IKFHFL is proud to introduce ‘Vikaas_MSME,’ a loan against property designed exclusively for male entrepreneurs looking to fuel their business expansion and meet working capital needs. In India, the Micro Small and Medium Enterprises (MSMEs) sector plays a pivotal role in the nation’s socio-economic development, contributing significantly to the GDP and exports.
Access to timely and adequate financing has always been a major challenge for MSMEs. The financial requirements of this sector vary based on factors such as size, industry, customer base, and stage of development. Unfortunately, due to perceived risk and limited access to immovable collateral, traditional financial institutions have been reducing their exposure to MSMEs.
This situation creates a unique opportunity for IKFHFL to bridge the gap by offering tailored loan schemes for micro and small enterprises. Our Vikaas_MSME loan empowers male entrepreneurs to secure the necessary funds for business expansion, working capital, and even renovation of existing shops. We understand the critical role MSMEs play in the nation’s progress, and we’re here to support their growth and success.”
- 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
Documentation Fee
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.
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
IKFHFL ensures timely and hassle-free access to finance, enabling entrepreneurs to focus on their business operation.
Vikaas_MSME provides customized loan solutions specifically designed for male entrepreneurs, addressing their unique business need. This loan empowers entrepreneurs to expand their businesses, helping them tap into new markets and opportunities. Access to working capital is crucial for business stability and growth.
Borrowers receive expert guidance and personalized support throughout the loan application and repayment process.
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.
Timely repayment of the loan can contribute positively to the borrower's credit score, enhancing their financial profile
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
|