Personal Loan FAQs



You can apply for a personal loan using our online application form. The form is easy to fill up and complete! There are many helpful instructions while filling it. If you encounter any problems, you can always contact our customer service and speak to one of our executives.

The basic eligibility criteria are mentioned in our eligibility section. We do hope you can avail of an IIFL Personal Loan soon!

Your monthly EMI’s will be deducted from your salary account as per your ECS and NACH.

We will be charging you the following extra fees!

  1. Processing fee charged will be upto 3%
  2. Late payment charges in case of default only.


Late payment charges/bounce charges will be levied as per the rates and penalties mentioned in the sanction/welcome letter. We would hence recommend that you don’t default on EMI payments.

In this Digital age, our loan application can be completed with minimal documentation if you have access to a scanning machine.

The loan tenures are between 10-36 months.

You can update your contact information on the online portal or call our call center for any form of assistance.

We happily accept prepayments via NEFT and RTGS transfers through the online portal.


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