Personal Loan Interest Rates

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 Interest16% p.a. onwards
Loan Processing ChargesUpto 3% of Sanctioned Amount + GST
Cheque / ACH Return Charges₹ 500/- + GST per instance
Cheque / ACH Swapping Charges Duplicate No-dues Certificate₹ 500/- + GST per instance
Duplicate Statement / Amortisation / Repayment Schedule/ Agreement/ Sanction Letter₹ 200/- + GST per instance
Penal Interest24% p.a.
Prepayment / Foreclosure (01-06 months of EMI Repayment)7% + GST* (Approval required)
Prepayment / Foreclosure (07-24 months of EMI Repayment)5% + GST*
Prepayment / Foreclosure (more than 24 months of EMI Repayment)4% + GST*
Loan CancellationInterest will be charged for the Interim period between date of Disbursement & date of loan cancellation
Documentation ChargesAt Actuals
Security Creation and Perfection ChargesAt Actuals
Property Valuation ChargesAt Actuals
Inspection ChargesAt Actuals
Stamp Duty ChargesAt Actuals
Legal Collection & Incidental ChargesAt Actuals
Any other charges from case to case basisAt Actuals

Note: * Part Payment allowed up to 25% of Principal Outstanding. It is allowed only once in a year and twice during Loan tenure. Government Taxes and other levies as applicable, would be charged additionally. These charges are in effect from June 15, 2020.

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