IIFL Home Finance Home Loan Interest Rate — 16th September 2026
Housing finance company
IIFL Home Finance publishes the home loan interest rates it actually charged — 8.90% to 17.10% for April – June 2026, with a mean of 10.36%. That tells you more than a card rate would, and this page explains why, alongside the EMI those rates produce.
Lowest rate charged
8.90%
Mean rate charged
10.36%
Highest rate charged
17.10%
Period
April – June 2026
Read from IIFL Home Finance’s own website on 16 September 2026. Source and method
IIFL Home Finance home loan interest rates: what borrowers actually paid
Rates IIFL actually charged (April – June 2026)
| Borrower | Minimum | Maximum | Weighted average |
|---|---|---|---|
| Individual home loans | 8.90% | 17.10% | 10.36% |
IIFL publishes the range of rates on loans it issued each quarter rather than an advertised card rate.
What IIFL Home Finance’s disclosed interest rates tell you
IIFL Home Finance doesn’t advertise a card rate. It publishes what it actually charged: home loans issued to individuals between April and June 2026 ranged from 8.90% to 17.10%, with a weighted average of 10.36%. That average is the honest planning figure, about 1.50% above the minimum. The top of the range reaches well into the teens, so if your income is documented and your score is strong, check a bank before accepting a quote here.
On its lowest disclosed rate, IIFL Home Finance would rank 37th of the 48 lenders we track — though that compares a rate it actually charged with other lenders’ advertised floors, so read it loosely. IIFL Home Finance doesn’t price off the RBI repo rate directly: its rates move with its own PLR (home loan), so a repo cut reaches its borrowers only if IIFL Home Finance chooses to pass it on. For scale, its lowest disclosed rate is 3.65 points above the repo rate of 5.25%. Paying the mean rate of 10.36% rather than the lowest, 8.90%, adds ₹2,392 a month to a ₹25 lakh, 20-year loan.
EMI at the interest rates IIFL Home Finance actually charged
Monthly EMI at 10.36%, the mean rate IIFL Home Finance charged in April – June 2026 — a realistic planning figure. The last column shows the EMI at 8.90%, the lowest rate it charged.
| Loan amount | 10 years | 15 years | 20 years | 25 years | 20 yrs at 8.90% (lowest) |
|---|---|---|---|---|---|
| ₹15 lakh | ₹20,123 | ₹16,451 | ₹14,835 | ₹14,013 | ₹13,400 |
| ₹25 lakh | ₹33,538 | ₹27,418 | ₹24,725 | ₹23,355 | ₹22,333 |
| ₹40 lakh | ₹53,661 | ₹43,869 | ₹39,560 | ₹37,368 | ₹35,732 |
| ₹60 lakh | ₹80,491 | ₹65,804 | ₹59,340 | ₹56,052 | ₹53,598 |
Reducing-balance EMI, before processing fees and insurance. Run your own numbers →
IIFL Home Finance against lenders priced nearby
The four lenders whose published starting rates sit closest to IIFL Home Finance’s, with the EMI each floor produces on ₹25 lakh over 20 years.
| Lender | Published rate | EMI, ₹25 lakh / 20 yrs | vs IIFL Home Finance |
|---|---|---|---|
| Bandhan Bank Private sector bank | 8.55% – 13.52% | ₹21,775 | −₹558/mo |
| IIFL Home Finance Housing finance company | 8.90% – 17.10% | ₹22,333 | — |
| Can Fin Homes Housing finance company | 8.95% – 11.00% | ₹22,413 | +₹80/mo |
| Grihum Housing Finance Housing finance company | 9.00% – 18.00% | ₹22,493 | +₹160/mo |
| SMFG Grihashakti Housing finance company | 9.25% onwards | ₹22,897 | +₹564/mo |
What to expect when you apply to IIFL Home Finance
- Treat IIFL’s 10.36% weighted average as your planning rate, and ask what would bring your quote below it — a quote above the average on a documented profile is a signal to shop around.
- Plan around the mean, not the minimum. The minimum was earned by the strongest files the lender saw that period; the mean is a far better guide to an ordinary one.
- A bigger down payment helps at almost every lender: it lowers the loan-to-value ratio and the loan size at once, and both feed into pricing.
Processing fee and other IIFL Home Finance charges
| Processing fee | Up to 1.75% plus taxes, non-refundable. A login fee may be collected when you apply; it counts toward the total. On a ₹25 lakh loan, that comes to at most ₹43,750, before GST. |
|---|---|
| Prepayment and foreclosure | None on floating-rate loans. IIFL publishes no figure for fixed-rate loans. |
| Collateral evaluation (resale homes) | ₹4,200 plus taxes |
| Balance transfer handling | ₹2,500 |
| Late payment | 18% a year on the overdue amount |
Source: IIFL Home Finance’s own schedule of charges, read on 16 September 2026: https://www.iiflhomeloans.com/schedule-of-charges
Who IIFL Home Finance lends to
| Who can apply | Resident salaried and self-employed individuals. NRIs apply under a separate product. |
|---|---|
| Age | Minimum 18 |
| Longest term | 25 years |
| Minimum income | ₹25,000 a month |
Source: IIFL Home Finance’s home loan page, read on 16 September 2026. Meeting these criteria doesn’t guarantee approval. https://www.iiflhomeloans.com/home-loan
IIFL Home Finance home loan interest rate — common questions
What home loan interest rate does IIFL Home Finance charge?
What is IIFL Home Finance’s home loan processing fee?
What is the maximum tenure of a IIFL Home Finance home loan?
What rate do IIFL Home Finance borrowers actually pay?
What is the EMI on a ₹25 lakh home loan from IIFL Home Finance?
Is IIFL Home Finance’s home loan interest rate fixed or floating?
How does IIFL Home Finance compare with Can Fin Homes?
Where these figures come from
Source: IIFL Home Finance’s own interest rate page, read by BankCreds on 16 September 2026: https://www.iiflhomeloans.com/quarterly-interest-rate-range
The figures cover April – June 2026.
This is the first reading in our IIFL Home Finance rate history, taken on 16 September 2026, and future changes will be dated from it. The fees and eligibility shown were read from IIFL Home Finance’s own schedule of charges and product pages.
Rates are what IIFL Home Finance publishes, not an offer: the rate you’re quoted is set by IIFL Home Finance after it assesses your application. How we collect and check rates →