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IIFL offers affordable and convenient personal loan starting at an interest rate of 16% p.a. which are processed and disbursed quickly. The company does not charge any hidden charges and be transparent with its customers.
IIFL offers diversified financial services in India and is ranked among the top seven financial conglomerates in India. Planning for a holiday or buying a new vehicle, wants to pay for child’s education or do a home renovation, IIFL offers personal loan for all the purposes. With IIFL, you can get the personal loan for an amount starting from ₹50,000 and up to ₹25 Lac at an interest rate starting at 16% p.a.
The loan tenure of personal loan from IIFL will be in between 12 months to 60 months.
IIFL Personal Loan provides easy loan within 48 hours with interest 16% p.a. onwards. Below table gives the complete details of Personal Loan.
| IIFL Personal Loan | Details |
|---|---|
| Loan Category: | Personal Loan |
| Loans Offering: | Personal Loan, Marriage Loan, Holiday Loan, Medical Loan, Home Renovation Loan |
| Loan Type: | Unsecured personal loan |
| Interest Rate: | 16% p.a. onwards |
| Processing Fee: | Upto 2% + applicable tax |
| Approval Process: | Both online and offline |
| Minimum Income Requirement: | ₹35,000 |
| Loan Approval Timing: | 48 hours |
| Minimum Loan Amount: | ₹50,000 |
| Maximum Loan Amount: | ₹25 Lac |
| Minimum Loan Period: | 12 months/ 1 year |
| Maximum Loan Period: | 60 months/5 years |
| Type of Interest Rate: | Fixed Interest Rate |
| Interest Charging Method: | Reducing balance method |
There are eligibility criteria set by IIFL for their personal loan:
| IIFL Personal Loan | Details |
|---|---|
| Salaried Employees | Yes |
| Salaried Doctors | Yes |
| Employees of public and private limited companies | Yes |
| Government sector employees including Public Sector Undertakings, Central and Local bodies | Yes |
| Loan for Pensioners | No |
| Loan for Existing Customers | Yes |
| Self-Employed | Yes |
| Selected Corporate | No |
| Other Criteria | Applicant must have at least 6 months of work experience in current organisation with at least 2 years of total work experience. |
| Minimum Age | 25 years |
| Maximum Age | 60 years at maturity of loan |
| Minimum Income Requirement | ₹35,000 |
NA
IIFL offers the following products and services under personal loan head:
If you dream to go on any domestic or international holiday with your friends or family, but short of resources, you can take the help of IIFL through its personal loan.
Enjoy all your wedding affairs without worrying about money because IIFL will take care of all your expenses from purchasing to booking the venue.
The company offer its customers personal loan to purchase any vehicle whether two-wheeler or four-wheeler.
In India or abroad, studies are essential and therefore, IIFL will take care of the studies of your kids and even yourself.
A home is a place which makes you complete and therefore, IIFL offers its home loan to salaried and self-employed, so they can make their home a dream place to live.
You can also use IIFL Personal Loan for buying any latest gadget or for debt consolidation so that you have to pay only for one without worrying about the high interest rate.
IIFL Personal Loan offer various services, please find below the list of features offered by the vendor.
| IIFL Personal Loan | Details |
|---|---|
| Personal Loan | Yes |
| Wedding Loan | Yes |
| Education Loan | Yes |
| Home Renovation Loan | Yes |
| Two Wheeler Loan | Yes |
| New Car Loan | Yes |
| Used Car Loan | No |
| Travel Loan | No |
| Medical Loan | Yes |
| Top Up Loan | No |
Here is the detail charge list for IIFL Personal Loan process. We have covered all possible charges for your loan requirements for clear visibility on IIFL Personal Loan processing.
| IIFL Personal Loan | Details |
|---|---|
| Co-Applicant Allow | No |
| Income Criteria | Yes |
| Collateral Requirement | No |
| Pre Approved Credit Limit | NA |
| Foreclouser Charges | Upto 6% |
| Loan Foreclouser Conditions | NA |
| Bounce Charges | ₹500/- Per Bounce Plus GST |
| Bounce Charges Self Employed | ₹500/- Per Bounce Plus GST |
| Late Payment Penalty | ₹500/- Per Bounce Plus GST |
| Duplicate NOC Charges | ₹500/- Per Bounce Plus GST |
| Stamp Duty Charges | Nil |
| Instrument Swapping Charges | ₹500/- Per Bounce Plus GST |
| Loan Cancellation Charges | NA |
| Stamp Duty Charges | Nil |
| Loan Rebooking Charges | NA |
| Statement Of Account Charges | ₹500/- Per Bounce Plus GST |
| Duplicate Repayment Schedule | ₹500/- Per Bounce Plus GST |
| EMI Payment Mode | Standing Instruction (SI), Electronic Clearing Service, Post-dated cheque |
| Overdue Payment Mode | NA |
| Hidden Charges | NA |
In this section we have listed all important links related to IIFL Personal Loan.
| IIFL Personal Loan | Details |
|---|---|
| Banks | NA |
| Charges Information | Link |
| Personal Loan Eligibility Calculator Link | Personal Loan Calculator Link |
| Personal Loan EMI Calculator Link | Personal Loan EMI Calculator Link |
| Education Loan EMI Calculator Link | NA |
| Car Loan EMI Calculator Link | NA |
| Product Demo Link | NA |
| Website Link | Website Link |
| Android App Downlaod Link | Android Mobile App Download |
| iOS App Downlaod Link | iOS Mobile App Downlaod |
For new customers:
Please find below the list of documents required to avail personal loan. Aadhar, PAN and Income Proof are the most important documents, other documents are optional. The complete list of documents you can keep ready for your loan application.
| IIFL Personal Loan | Details |
|---|---|
| Age Proof | Copy of Passport/Driving License/Aadhar Card |
| Address Proof | Copy of Passport/Driving License/Aadhar Card/Voter ID/Ration Card |
| Identity Proof | Registered Rent Agreement/Utility Bills last 3 months/Copy of Passport/Copy of Ration card |
| Income Proof for Salaried Emp | Salary slip of last 3-6 months, ITR or Form 16, 6 month bank statement |
| Income Proof for Self Emp | IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years |
Last Updated on 2020-06-02T04:44:44+00:00
IIFL accepts the pre-payment after the completion of 6 months of the loan and charge up to 6% of the pre-payment amount. It accepts pre-payments via NEFT and RTGS transfers through the online portal.
IIFL provides maximum loan up to ₹25 Lakh for a period of 1 to 5 years.
