Apply online for an IIFL and experience quick, hassle-free approval with minimal documentation. IIFL is designed to meet your financial needs, whether for home renovation, medical expenses, travel, or debt consolidation.
Happy Customers
Monthly Personal Loans Disbursal
Partner Banks & NBFCs
Team Size of Experts
Here are the eligibility criteria for applying for an IIFL Personal Loan:
To apply for the IIFL Personal Loan, you must provide a recent selfie as part of the verification process.
You are required to submit a valid PAN card as a form of identification proof when applying for the IIFL Personal Loan.
For address proof, either an Aadhaar card or a valid driver's license will be accepted.
Applicants must submit bank account statements for the last six to twelve months from their current or savings account (CA/SA) as proof of financial stability.
Processing Fee | Up to 2% of the loan amount |
Transaction/Legal Handling Charges in Balance Transfer | ₹ 2,500 |
CERSAI Fees | ₹ 100 (for loans > ₹ 5 lakh) ₹ 50 (for loans <= ₹ 5 lakh) |
Cheque / ECS Dishonour Charges | ₹ 500 for each ECS/cheque bounce Nil on Representation of ECS/Cheque |
Late Payment Charges | 18% p.a. of outstanding EMI |
Prepayment Charges | For individuals: No foreclosure or part prepayment charges on floating rate home loans For non-individuals: Within 1st year of the first disbursement: 5% of amount prepaid After 1st year till fixed-rate tenor: 3% of amount prepaid |
An IIFL personal loan helps individuals manage unexpected financial situations by offering quick processing and disbursement, all without requiring any collateral. The loan can be used for a wide range of purposes, including household expenses, consumer durables, emergencies, and more. The loans are hassle-free and come with competitive interest rates, along with door-step services.
Ans. After six months from the start of the loan, you can prepay the remaining balance without any prepayment fees.
Ans. The lowest EMI per lakh, depending on your financial situation and selected tenure, is around ₹ 2,705 per month, subject to variations in the interest rate and tenure.
Ans. To close the loan, visit an IIFL branch, fill out the loan closure form, and provide the required documents and the remaining balance to complete the process.
Happy Customers
Monthly Personal Loans Disbursal
Partner Banks & NBFCs
Team Size of Experts
Amount
Tenure
% Interest
0/month
Principal
Interest
Total Payable