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 Interest

  • 16% onwards

Processing Fee for Personal Loan

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 ChargesUpto 6%
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 fee given herein may vary on a case to case basis depending upon the profile of the applicant. It is however clarified that the charges or fees as agreed under the facility documents shall be final and binding upon the borrower
  • Current GST applicable is 18.00% with effect from July 01, 2017
  • EMI date will be 3rd of every month

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