IKF Home Finance

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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.

Vandana Home Loan

At IKFHFL, we are committed to fostering financial independence and homeownership among women borrowers. That’s why we proudly introduce Vandana Home Loans, a specialized offering tailored specifically for women who aspire to own their homes. Vandana Home Loans are designed to cater to a variety of needs, including Vandana – Self-Construction Loan, Vandana – Ready Purchase Loan for Resale and New properties, Vandana – Ready Purchase for Resale in Group Housing projects, Vandana – Home Loan Balance Transfer, Vandana Home Loan Top-Up, Vandana – Home Loan Balance Transfer with Top-Up, and Vandana – Under Construction Purchase. As part of our commitment to empowering women, we offer reduced interest rates and lower documentation fees compared to our other products. With Vandana Home Loans, we aim to make the path to homeownership smoother and more accessible for women borrowers, enabling them to achieve their housing dreams with confidence and financial ease.

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

₹3 Lac - ₹100 Lacs *

Loan Tenure

Upto 20 Yrs *

Rate of Interest

Starting from 12.25% *

Maximum Loan

Upto 90% of the property cost *

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.
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
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