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
IIFL Finance Personal Loan Features
Product Features for Personal Loan:
1. Get Loans ranging from INR 5,000 to INR 5,00,000
2. 100% online loan process - Only PAN, Aadhar & Bank Statement required
3. Disbursal within 24 hours
4. Rate of Interest - 11.75% - 33.75%
5. Minimum tenure is 03 months & maximum tenure is 42 months
6. Processing Fee is 2% - 4 %
7. Get a higher loan on successful repayment
*The annual interest rates and processing fee will vary as per the risk profile of the customers and the selected tenure.
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.
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
0.97% onward p.m.
(11.75% - 33.75% p.a.)Rates vary according to the amount and tenure & Purity
- Processing Fee
₹0 onwards
Varies depending on scheme availed
- MTM Charges
₹500.00
Valuing an asset to reflect its current market rate
Personal Loan Eligibility Criteria.
Age23 years to 65 years*
EmploymentSalaried Employees & Self Employed Individulas
CIBIL score750 or higher
Monthly salaryStarting 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
Through one form, you can get your personal loan eligibility
Personal Loan Eligibility link
Pre-fill application form through Aadhar, get instant approval in 5 minutes
Upload all documents online
Access your loan account on-the-go
IIFL Loans Mobile App
Account Summary
Make EMI Payment
Complete A/c Statement
Submit A Query
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.
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.
Chavada Labhuben
HomemakerCustomer Support
Personal Loan FAQs
IIFL Insights
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