Rates 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.
  • Interest Rate

    24% onwards

     

  • Loan Processing Charges

    2% onwards

     

  • Penal Charges, Late Payment Charges, Defaults Of Any Monies Payable

    2% Compounded Monthly

     

  • Foreclosure Charges

    Upto 6%

     

FAQs

We will be charging you the following fees

  • Processing fee upto 2%
  • Late payment charges in case of default only
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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.

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We happily accept prepayment of loans after 6 months of loan payments. We do not charge any prepayment fees.

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