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IIFL Finance customized personal loans are designed around your capital requirements with a hassle-free application process. This quick personal loan can accomplish your plans such as marriage, vacations, home renovation and much more. With IIFL Finance’s best personal loan in India, you do not have to compromise on your bucket list!
IIFL Personal Loan up to 5 Lakh is designed to ensure that you get express disbursal into your account in just a few hours.
IIFL Finance’s personal loan comes with attractive, affordable, and lowest interest rates to help you raise funds instantly. When you apply to get an instant personal loan , it is processed in less than 5 minutes without any extensive documentation. The personal loan EMIs are flexible and allow for better liquidity and easy achievement of set personal goals.
Benefits of IIFL Personal Loan
IIFL Finance’s personal loan is a comprehensive product that offers instant funds up to Rs 5 lakh with a quick disbursal process. The funds can be used to fulfil capital requirements for domestic or international vacations, weddings, buying the latest gadget, pursuing higher education, purchasing a vehicle or even home renovation. As IIFL is one of the leading financial companies in India, their personal loans offer the highest monetary value.
Age
23 years to 65 years*
Employment
Salaried Employees & Self Employed Individulas
CIBIL score
750 or higher
Monthly salary
Starting Rs. 22,000, based on your city of residence
IIFL Finance customized personal loans are designed around your capital requirements with a hassle-free application process. This quick personal loan can accomplish your plans such as marriage, vacations, home renovation and much more. With IIFL Finance’s best personal loan in India, you do not have to compromise on your bucket list!
IIFL Personal Loan up to 5 Lakh is designed to ensure that you get express disbursal into your account in just a few hours.
IIFL Finance’s personal loan comes with attractive, affordable, and lowest interest rates to help you raise funds instantly. When you apply to get an instant personal loan , it is processed in less than 5 minutes without any extensive documentation. The personal loan EMIs are flexible and allow for better liquidity and easy achievement of set personal goals.
Personal Loan EMI Calculator
Calculate your EMI and choose the most suitable product for you
EMI CALCULATOR
Loan Amount
₹ 5 K₹ 50 L
Time to Repay (Tenure)
Years
0.25 YEARS3.5 YEARS
Rate of Interest
11.75 %34 %
Your EMI Amount
₹ 4,752
Total Payment
₹ 57,027
Interest Payable
₹ 7,027
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Benefits of IIFL Personal Loan
IIFL Finance’s personal loan is a comprehensive product that offers instant funds up to Rs 5 lakh with a quick disbursal process. The funds can be used to fulfil capital requirements for domestic or international vacations, weddings, buying the latest gadget, pursuing higher education, purchasing a vehicle or even home renovation. As IIFL is one of the leading financial companies in India, their personal loans offer the highest monetary value.
IIFL Finance Personal Loan FeaturesProduct Features for Personal Loan:
Get Loans ranging from INR 5,000 to INR 5,00,000
100% online loan process - Only PAN, Aadhar & Bank Statement required
Disbursal within 24 hours
Rate of Interest - 11.75% - 33.75%
Minimum tenure is 03 months & maximum tenure is 42 months
Processing Fee is 2% - 4 %
Get a higher loan on successful repayment
Loan Amount: ₹20,000Tenure:180 days (6 months)Interest Charged: ₹ 1,426 (24% per annum)Processing Fee: 590 (2.5% of Loan Amount- 500 + GST @18%= 90)Amount Disbursed- 19,410EMI Amount: ₹ 3,571Loan amount is ₹ 20,000. Disbursed amount is ₹ 19,410. Total loan repayment amount is ₹21,426.
*The annual interest rates and processing fee will vary as per the risk profile of the customers and the selected tenure.
How to apply for a personal loan from IIFL Finance
IIFL’s personal loan application is easy, quick and hassle-free. All you have to do to get an instant personal loan is:
Fill the basic details.
Upload KYC documents.
Choose the Personal Loan Amount.
Click on ‘Submit’ to complete your application.
Personal Loan Rates and Charges
The rates and charges are predefined and are presented with utmost clarity to ensure there are no hidden costs. The loan process ensures that you understand the amount you will have to pay to avail of the personal loan online, and how you can calculate your loan EMI.
With a customer-oriented and transparent loan process, you do not have to pay more than the pre-communicated rates and charges.
INTEREST RATE0.79% onward p.m.
(6.48% - 27% p.a.)
Rates vary according to the amount and tenure & Purity
PROCESSING FEE₹0 onwards
Varies depending on scheme availed
MTM CHARGES₹500.00
Valuing an asset to reflect its current market rate
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Personal Loan Eligibility Criteria.
Age
23 years to 65 years*
Employment
Salaried Employees & Self Employed Individulas
CIBIL score
750 or higher
Monthly salary
Starting Rs. 22,000, based on your city of residence
What are the Documents Required forPersonal Loans
To ensure the highest customer safety and quick personal loan disbursal, the loan process requires some identity proof of the borrower.
Accepted documents:
Valid KYC through government-issued documents such as PAN Card, Aadhar Card, and Driving Licence along with a selfie.
Three months of bank statements for income proof.
Debit Card or Net Banking details for setting up e-mandate.
eSign or eStamp for quick personal loan disbursal.
