Loan comparison of Muthoot Housing Finance Ltd Home Loan vs IIFL Finance Home Loan

Interest Rate

12-19% per annum
8.20% - 8.70 onwards per annum

Loan Amount

Up to Rs. 75,000 to Rs. 25 Lakhs or Rs. 2 Lakhs to Rs. 30 Lakhs
Up to 2 to 5 Cr

Loan Tenure

Up to 3 to 20 Years
Up to 25-30 Years

Loan Processing fees

2.5% of the loan amount approved
Up to 1.25 of the loan amount + GST

EMI per Lakh

Rs.1101 Per Lakh
Rs. 748 Per Lakh

Part Payment Charges

5% within the first year of disbursement and 1% after the first year of the last disbursement

Minimum Income

Rs. 25,000 per month and above
Rs. 25,000 per month and above



* Ration Card/Passport/Driving Licence/Voter's ID Card

* Bank Account Statement

* Current Telephone / Electricity / Gas Bill / Water Bill / Property Tax


* Passport/Driving Licence/Aadhar Card (UIDAI)

* Letter confirming identity from a commercial bank

* Employee ID Card issued by Central / State Government undertaking

* Voter’s ID Card/Pan Card


* Salary Slip of last 3 months

* Bank Statement for the last 12 months

* ITR for last 2 years if available


* Business ownership proof documents like license, rent agreement of shop etc.

* Income documents like purchase bills, sales bills, sales register etc.

* Bank statement for last 12 months

* ITR for last 2 years if available

* PAN/Passport/Driving license/Election /Voters ID card/Aadhaar Card

* Job card issued by NREGA duly signed by the officer of the State Government/ Letter issued by the National Population Register containing details of name and address

* Copy of complete chain documents of the property

* Copy of approved plan (if available) 

* Proof of Income                  

More comparisions with Muthoot Housing Finance Ltd Home Loan

More comparisions with IIFL Finance Home Loan