Personal Loan

IIFL Finance customized personal loans are designed around your capital requirements with a hassle-free application process. This quick personal loan can accomplish your plans such as marriage, vacations, home renovation and much more. With IIFL Finance’s best personal loan in India, you do not have to compromise on your bucket list!

IIFL Personal Loan up to 5 Lakh is designed to ensure that you get express disbursal into your account in just a few hours.

IIFL Finance’s personal loan comes with attractive, affordable, and lowest interest rates to help you raise funds instantly. When you apply to get an instant personal loan , it is processed in less than 5 minutes without any extensive documentation. The personal loan EMIs are flexible and allow for better liquidity and easy achievement of set personal goals.

Apply for a personal loan online today with IIFL Finance and fulfil your dreams!

Personal Loan EMI Calculator

Calculate your EMI and choose the most suitable product for you

Benefits of IIFL Personal Loan

IIFL Finance’s personal loan is a comprehensive product that offers instant funds up to Rs 5 lakh with a quick disbursal process. The funds can be used to fulfil capital requirements for domestic or international vacations, weddings, buying the latest gadget, pursuing higher education, purchasing a vehicle or even home renovation. As IIFL is one of the leading financial companies in India, their personal loans offer the highest monetary value.

IIFL Finance Personal Loan Features

Personal Loans Ranging From INR 5,000 to INR 5,00,000
Rate of Interest 11.75% - 33.75%
Tenure 03 months to 42 months
Disbursal Time Within 24 hours
Documents Required Only PAN, Aadhar & Bank Statements required
Processing Fee 2% to 4 % + GST
  • Loan Amount: ₹20,000
  • Tenure:180 days (6 months)
  • Interest Charged: ₹ 1,426 (24% per annum)
  • Processing Fee: 590 (2.5% of Loan Amount- 500 + GST @18%= 90)
  • Amount Disbursed- 19,410
  • EMI Amount: ₹ 3,571
  • Loan amount is ₹ 20,000. Disbursed amount is ₹ 19,410. Total loan repayment amount is ₹21,426.

*The annual interest rates and processing fee will vary as per the risk profile of the customers and the selected tenure.

How to apply for a personal loan from IIFL Finance

IIFL’s personal loan application is easy, quick and hassle-free. All you have to do to get an instant personal loan is:

Fill the basic details.

Upload KYC documents.

Choose the Personal Loan Amount.

Click on ‘Submit’ to complete your application.

Personal Loan Rates and Charges

The rates and charges are predefined and are presented with utmost clarity to ensure there are no hidden costs. The loan process ensures that you understand the amount you will have to pay to avail of the personal loan online, and how you can calculate your loan EMI.

With a customer-oriented and transparent loan process, you do not have to pay more than the pre-communicated rates and charges.

  • Interest Rate

    0.79% onward p.m.
    (6.48% - 27% p.a.)

    Rates vary according to the amount and tenure & Purity

  • Processing Fee

    0 onwards

    Varies depending on scheme availed

  • MTM Charges


    Valuing an asset to reflect its current market rate

Personal Loan Eligibility Criteria.


23 years to 65 years*


Salaried Employees & Self Employed Individulas

CIBIL score

750 or higher

Monthly salary

Starting Rs. 22,000, based on your city of residence

What are the Documents Required for Personal Loans

To ensure the highest customer safety and quick personal loan disbursal, the loan process requires some identity proof of the borrower.

Accepted documents:
    • Valid KYC through government-issued documents such as PAN Card, Aadhar Card, and Driving Licence along with a selfie.
    • Three months of bank statements for income proof.
    • Debit Card or Net Banking details for setting up e-mandate.
    • eSign or eStamp for quick personal loan disbursal.

Loan process in less than 5 minutes

Find Your Nearest Branch - IIFL Finance

Through one form, you can get your personal loan eligibility

Personal Loan Eligibility link
Documents Required Icon - IIFL Finance

Pre-fill application form through Aadhar, get instant approval in 5 minutes

Simple Process Calculator - IIFL Finance

Upload all documents online

Access your loan account on-the-go

IIFL Loans Mobile App

IIFL Mobile APP Screen
Account Summary Account Summary
Make EMI Payment Make EMI Payment
Complete A/c Statement Complete A/c Statement
Submit A Query Submit A Query
IIFL Mobile APP Screen

6 Million + Happy Customers

I loved the way IIFL took my documents digitally while applying for personal loan and gave faster disbursal into my bank account. Thanks Team IIFL for giving me a truly seamless & digital experience.

Personal Loan - Ashish Sharma

Ashish K. Sharma

I needed the money for my daughter's marriage. I have taken many loans from IIFL and I am very happy with their services.

Labhuben - Testimonials - IIFL Finance

Chavada Labhuben


Customer Support

We are devoted to solving your queries and concerns, quickly and to your satisfaction.

Personal Loan FAQs

Yes, you can foreclose your loan. However, it is wise to consult the financial institution to ensure there are no penalties for the same.

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For personal loans, you can borrow up to Rs 5 lakh.

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You can opt for personal loan EMI where a certain amount is automatically debited every month from your bank account. There are other repayment options available such as foreclosing or balance transfer.

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No, personal loans do not require any security or collateral.

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IIFL provides one of the highest instant personal loans of up to Rs 5 lakh.

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To get instant loan approval, all you have to do is apply for the personal loan online with IIFL Finance and fill in the application form based on the eligibility requirements.

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There are numerous EMI calculators available such as on the IIFL website to calculate EMI for a personal loan.

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The minimum tenure varies based on the amount. However, the minimum tenure is 3 months and the maximum tenure is up to 7 years.

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