Personal Loan Interest Rates, Fees and Charges

IIFL Personal Loan offers attractive interest rates that ensure that your EMIs are affordable throughout the loan tenure. At IIFL, we do not believe in hidden charges that take customer by surprise and are transparent in our dealings.

Rate of Interest

  • 13.50% to 18.00% p.a

Fees and Charges*

Loan Processing ChargesUpto 2% Of Loan Amount Plus GST
Penal Charges, Late Payment Charges, Defaults Of Any Monies Payable2% Compounded Monthly
Charges for:
  • Cheque Bounce
  • Cheque Dishonour
  • Cheque Swap
  • SI/ECS Dishonour
  • No-Dues
  • Document Retrieval
  • Duplicate Statement / Repayment Schedule, Etc.
Rs. 500/- Per Bounce Plus GST
Other Charges Including Documentation Charges, Inspection Charges, Stamp Duty Charges, Etc.NIL
Foreclosure Charges (After 12 months)NIL
Customer Portal Access for Loan Details, Account Summary, etcNIL


  • Interest rate is applicable to a customer based on Risk Segmentation
  • IIFL reserves the right to revise the rate of interest and processing fee from time to time, at its sole discretion
  • GST and other govt. taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges at the discretion of IIFL
  • The charges or fees given in above table are subject to change and the one recorded in agreement will be binding over this site
  • Current GST applicable is 18.00% with effect from July 01, 2017
  • EMI date will be 3rd of every month

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