India Infoline Housing Finance Limited (IIFL) - Loan Against Property
Overview
India Infoline Housing Finance Limited (IIFL) offers loan against property to individuals who own a residential or commercial property. This loan can be used for various purposes such as business expansion, children's education, medical emergencies, etc. IIFL provides hassle-free loan approval process and flexible repayment options.
Features
- Loan amount: Up to 70% of the property value
- Loan tenure: Up to 15 years
- Interest rates: Competitive interest rates
- Quick and easy approval process
- Flexible repayment options
Eligibility Criteria
To avail a loan against property from IIFL, you need to meet the following eligibility criteria:
- Minimum age: 21 years
- Maximum age: 65 years
- Stable source of income
- Good credit history
Documents Required
- Identity proof
- Address proof
- Property papers
- Income proof
- Bank statements
How to Apply
To apply for a loan against property from IIFL, you can visit their nearest branch or apply online through their website. You will need to fill out the application form and submit the required documents for verification.
Contact Information
For more information about loan against property from IIFL, you can contact them at:
Phone: 1800-300-21-111 Email: info@iifl.com
Frequently Asked Questions about IIFL Loan Against Property
1. What is a loan against property?
A loan against property is a type of secured loan where you can mortgage your property to avail a loan from a financial institution.
2. What are the eligibility criteria for a loan against property from IIFL?
Eligibility criteria for a loan against property from IIFL may vary, but typically include factors such as age, income, property value, and credit score.
3. How much can I borrow through a loan against property from IIFL?
The amount you can borrow through a loan against property from IIFL will depend on factors such as the value of your property, your income, and creditworthiness.
4. What is the tenure of a loan against property from IIFL?
The tenure of a loan against property from IIFL can vary, but typically ranges from 5 to 15 years.
5. What documents are required to apply for a loan against property from IIFL?
Documents typically required to apply for a loan against property from IIFL include property documents, income proof, identity proof, and address proof.
6. Can I prepay my loan against property from IIFL?
Yes, you can prepay your loan against property from IIFL. However, prepayment charges may apply.
