.svg)
Frequently Asked Questions
You can learn more from our asked questions
IKF Home Finance Limited is a Housing Finance Company registered with the National Housing Bank (NHB) and regulated by the Reserve Bank of India (RBI). We provide loans for purchasing, constructing, renovating, or improving residential and commercial properties.
Any individual aged 21 years or above, whether salaried or self-employed, with a stable income or business can apply, subject to required documentation and verification.
To apply, visit www.ikfhomefinance.com or call us on 1800-309-3010 or drop a missed call at 7065515122. You can also apply by visiting the nearest IKF Home Finance branch where our team will assist you.
The documentation requirements vary based on the type of loan. Generally, you will need proof of identity, address, income, and property documents.
We provide a wide range of housing finance solutions. Detailed information on our products, including loan amounts, tenure, and other key features, is available on our company website www.ikfhomefinance.com under the Product tab.
The amount you can borrow from IKFHF depends on various factors such as your income, credit score, property value, and loan eligibility criteria.
Interest rates are linked to prevailing market rates and depend on loan type, tenure, credit profile, and company policy. Both fixed and floating rate options are available and disclosed in the Key Fact Statement (KFS) at sanction.
A guarantor may be required depending on the loan type and your credit profile.
Following persons can be co-applicants:
∙Spouse -Blood relative (immediate family members)
∙Co-owner must be necessarily co-applicant in the loan.
A disbursement of the home loan can be made once the property has been technically appraised, all legal documentation has been completed, and your own contribution has been paid in full
Yes, you can foreclose your loan by:
∙Visiting our nearest branch and giving a request for Foreclosure Statement Request.
∙Applicable charges are available in the Schedule of Charges and Guidelines are updated on the Foreclosure Statement issued.
Yes, we offer a balance transfer facility, allowing you to shift your existing loan to us at potentially lower interest rates and with flexible repayment options.
Yes, the Income Tax Act, 1961 provides tax benefits on the principal and interest components on home loans.
The term ‘own contribution’ typically refers to the down payment that a homebuyer makes from their own funds when purchasing or constructing a property. It is the portion of the property’s price that is paid upfront by the borrower for a home purchase loan or home construction loan. In simpler terms, the portion paid by the customer during construction is also known as ‘own contribution’.
Your loan details including EMI schedule, outstanding balance, and payment history are available under the "My Loans" section of the mobile app.
You repay the loan in Equated Monthly Instalments (EMIs) comprising principal and interest. Repayment by way of EMI commences from the month following the month in which you take full disbursement.
EMIs can be paid via NACH auto-debit, UPI, net banking on the app, or by visiting the branch or authorised field executives as applicable.
Pre-EMI is the Interest paid on the Loan Amount availed in part and before the start of the actual EMI. This generally occurs in Self Construction or Construction Stage Linked Disbursals. The EMI doesn't get started till the loan is disbursed in full and hence interest is charged on partially disbursed loan amount only which is Pre EMI.
Missing EMI payments may attract late payment charges, impact your credit score, and affect your future borrowing capacity, so it is important to pay on or before the due date.
Once your loan is fully repaid, an NOC (No Objection Certificate) may be collected from the branch as confirmation of loan closure.
You can raise complaints or feedback using the app’s ‘Raise a Request’ section, via email to customercare@ikfhomefinance.com, or by visiting a nearby branch.
Level 1: Customer Service
Level 2: Grievance Redressal Officer
Level 3: Nodal Officer Level 4: National Housing Bank (if not resolved within 45 days)
If your issue is not resolved within 45 days, you may lodge a complaint through the NHB’s GRIDS portal https://grids.nhbonline.org.in/(S(yobinq1ftzp2vzzulaqqam53))/Complainant/Default or via the CPGRAMS portal https://pgportal.gov.in/
Ready to Own Your Dream Home?
Let's make it happen together. Our team of experts is ready to guide you through every step of the home loan process.
.png)