Loan comparison of Sundaram Home Finance Home Loan vs IIFL Finance Home Loan

Interest Rate

6.95% onwards per annum
8.20% - 8.70 onwards per annum

Loan Amount

Up to Rs. 3 Cr
Up to 2 to 5 Cr

Loan Tenure

Up to 20 Years
Up to 25-30 Years

Loan Processing fees

Rs. 3,000 + GST PF (for salaried)
Up to 1.25 of the loan amount + GST

EMI per Lakh

Rs. 772 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. 20,000 and above
Rs. 25,000 per month and above


General documents are: 

* Aadhaar Card/Driving Licence/PAN Card/Passport/Voter ID Card/Bank Passbook with photo

* Photo Credit Card

* Any other Photo ID 

For Salaried the extra documents required are: 

* Salary Slips from past 6  months 

* Last 6 months Bank Statements showing salary credits

* Latest Form-16 and IT returns

For Self Employed the extra documents required are:

* Last 12 months GST Returns

* Last 6 months Bank Statements

 * Last 3 years IT returns                                                                                                            

* 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                  

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