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IIFL Home Loan Eligibility

IIFL Home Loan Eligibility Calculator is a useful financial tool which helps you to check your IIFL Home Loan Eligibility almost instantly. IIFL Home Loan lends their helping hand in making your dream of buying your own house a reality with a wonderful tool IIFL Home Loan Eligibility Calculator. With the help of IIFL Home Loan Eligibility Calculator, you can check your IIFL Home Loan Eligibility before you proceed to IIFL Home Loan apply online. For using IIFL Home Loan Eligibility Calculator, you need to input basic details like- birth date, PAN Card, professional details and property details. After that IIFL Home Loan Eligibility Calculator will show you IIFL Home Loan Amount Eligibility.

IIFL Swaraj Home Loan

IIFL Swaraj Home Loan is a home loan variant if IIFL Home Loan. IIFL Swaraj Home Loan Eligibility is very flexible and offers home loan to those who do not have formal income documentation. Those who are from the unstructured or low-income group with zero credit history can also opt for IIFL Swaraj Home Loan Eligibility. Salaried, as well as self-employed employees both, are applicable for IIFL Swaraj Home Loan Eligibility to fulfill the dream of buying their own house

Which factors affect IIFL Home Loan Eligibility Calculator?

Before you opt for IIFL Home Loan apply online, you should check your IIFL Home Loan Eligibility using IIFL Home Loan Eligibility Calculator which saves your time and hassles. If you want to have a higher IIFL Home Loan Eligibility, then you must apply for the home loan at a young age, pay off your debts and can include a co-applicant.

IIFL Home Loan is a secured loan which finances the loan maximum of 90% of the property value with attractive interest rate starting from 9.50%* with a repaying time of 30 years.

IIFL Home Loan Eligibility Calculator is affected by the following factors that are mentioned below-

  • Age

    IIFL Home Loan Eligibility is greatly affected by the applicant’s age. The minimum and maximum age limit for IIFLHome Loan Eligibility criteria lies between 18 to 70 years. IIFL Home Loan Eligibility will be high for a younger applicant who have longer repaying loan tenure. But IIFL Home Loan Eligibility is low for the older applicant as they have shorter loan repayment tenure.

  • Credit Score

    One of the most important factor that affects IIFL Home Loan Eligibility criteria is the credit score. Your creditworthiness and credit history is reflected by your credit score. If your CIBIL score is 750 or above will result in higher IIFL Home Loan Eligibility criteria which can lead to higher IIFL Home Loan Amount Eligibility.

  • Co-applicant

    You can apply for a home loan with a co-applicant which will improve your IIFL Home Loan Eligibility and IIFL Home Loan amount Eligibility. Co-applicant’s monthly income helps inincreasing your IIFL Home Loan Eligibility criteria.

  • Existing Debts

    For financial obligations like EMI of loans or credit card dues, the bank includes FOIR (Fixed Obligation to Income Ratio) where the FOIR should not be above 65% of your net income otherwise, IIFL Home Loan Eligibility will be low. So, if you repay the existing debts before you opt for IIFL Home Loan apply online, it will increase the IIFL Home Loan Eligibility.

  • Employment

    IIFL Home Loan Eligibility criteria is affected by your employment status. Both salaried and self-employed individuals having a stable income source are applicable for IIFL Home Loan Eligibility. NRI applicant’s are also eligible. For salaried employees, the required minimum work experience is 2 years while that for self-employed individuals, minimum 5 years of business continuity experience is needed for higher IIFL Home Loan Eligibility criteria.

  • Income

    Applicant’s monthly income affects IIFL Home Loan Eligibility in a huge way. Applicant who earn a higher monthly income, will have a higher IIFL Home Loan Eligibility criteria. While lower monthly income will lower your IIFL Home Loan Eligibility.

  • Property Value

    IIFL Home Loan Eligibility criteria is dependent on the property value that is kept as mortgage. IIFL finances 75% to 90% of the property value that lies between less than Rs. 30 lakhs to more than Rs. 75 lakhs which is known as LTV or Loan To Value Ratio. Moreover, you have to produce property documents that are geunine and legally clean for a higher IIFL Home Loan Eligibility.

IIFL Home Loan Eligibility Criteria

IIFL Home Loan Eligibility Criteria Salaried Individual
Age 18-70 years
Profession Employed in MNCs, public or private sector
Job Experience Minimum 2 years
Maximum EMI % of income Maximum 65%
CIBIL Score 750 or above


IIFL Home Loan Eligibility Criteria Self-employed Individual
Age 18-70 years
Business Tenure At least 5 years

Why should you use IIFL Home Loan Eligibility Calculator?

  • You can check your IIFL Home Loan Eligibility instantly using IIFL Home Loan Eligibility Calculator.
  • Your home loan process gets easier and quickly approved if you check your IIFL Home Loan Eligibility using IIFL Home Loan Eligibility Calculator.
  • Your dream of owning a house is fulfilled by taking the home loan and checking the eligibility with the help of IIFL Home Loan Eligibility Calculator.
  • Use of IIFL Home Loan Eligibility Calculator is absolutely free.
  • You can check your eligibility using IIFL Home Loan Eligibility Calculator for n number of times.

FAQ’s

The minimum interest rate for IIFL Home Loan starts from 9.50%* .
The lower and upper limit to apply for IIFL Home Loan is 18 and 70 years respectively.
Yes, you can apply for IIFL Home Loan with a co-applicant.
The maximum tenure to repay IIFL Home Loan is 25 to 30 years.
For IIFL Home Loan Eligibility, the minimum credit score that must be maintained is 750 or above.
*Interest rate and Loan approval are subjected to bank discretion and approval.