IIFL Personal Loan

With affordable interest rates, IIFL offers personal loans. Additionally, IIFL provides paperless digital loan processing along with online, quick personal loan. IIFL with interest rates starting at 12.75% -13.50% onwards. A maximum loan from Rs 1lacs to 25 lacs with a maximum 1 to 5 year repayment period is available to you.

Interest Rate 12.75% -13.50% onwards
Maximum Loan Rs 1lacs to 25 lacs
Processing Fees 2% -4%
Maximum Loan Tenure 1 to 5 year

Loan Disbursal in 3 hrs*
100% Online Process

A Four-Step Guide to Efficient Financing

Complete Your Basic Details
Check Your Soft Eligibilty
Complete Your Details
Get Disbursal in account

IIFL Personal Loan EMI Calculator



% Interest



Total Payable

Documents Required for IIFL Personal Loan 

If you want to apply for an IIFL Personal Loan, you are required to present the following paperwork; otherwise, your application will be denied.

  • A candidate's selfie

  • ID Document - PAN Card

  • Aadhaar cards or driver's licences are acceptable forms of address proof.

  • Bank records over the previous six to twelve months for CA/SA.

A IIFL personal loan is designed to help you get out of any kind of unexpected financial bind. Quick processing and disbursement are provided for personal loans. Additionally, no collateral is needed. You can use the loan money to pay for any consumer durables or to cover household, social, and other unanticipated emergency costs. Personal loans from IIFL are simple, hassle-free, and offered at incredibly low interest rates. They also come with extra perks like door-step services. In order to access IIFL personal loan options that best suit your individual needs, you can log in to the IIFL loan website.

Feature and Benefits of IIFL Personal Loan 

From simple loan approval to lower interest rates, together with variable loan terms and IIFL Online payment, IIFL Personal Loan offers appealing features and advantages. The following are some key characteristics of an IIFL personal loan.

  •  Interest rates are competitive and reasonable according to IIFL, which offers fares starting at 13% annually.

  • No deposit or guarantee is necessary.

  • You have the option of repaying your IIFL Personal Loan over any period of time between 12 and 60 months.

  • Personal loans with several uses: The IIFL Personal Loan can be taken out to cover any genuinely needed personal debt, such as expenses for travel, education, weddings, and unexpected medical bills. Without a doubt.

  • Quick eligibility verification and disbursement: Through IIFL login, you can receive quick online approval as well as quick eligibility verification in only a minute. The documentation procedure is quite painless. Additionally, you can receive your customised loan expressly in as little as 8 hours.

  • Simple online platform: The IIFL's online platform is simple and transparent in every way. Fast online processes like eSign (through Aadhar) and eKYC enable faster processing of your loan application and IIFL online payment.

  • There is no pre-closure fee; pre-closing is only permitted after 12 months.

    Process of applying IIFL Personal Loan 

    The personal loan application process at IIFL is simple, fast, and hassle-free. To qualify for an immediate personal loan, simply:

      • Visit the official website Fincrif.com .

      • Firstly , login with your name and number .

      • Then fulfill your employment type.

      • Verify OTP.

      • Upload all the documents and submit .

      • Last , you will get a call from the Fincrif team and help you to proceed next.

    Frequently Asked Questions ( FAQ )

    1. How can I pay off my IIFL Personal Loan early?

    ANS. After six months from the start of the loan duration, you are able to pay off the remaining balance of your loan if you desire to do so in the midst of your tenure. Those who prepay the entire amount in the middle of the term are not subject to any prepayment fees from IIFL Finance.

    1. What is the personal loan from IIFL's lowest EMI per lakh?

    ANS. Depending on your financial situation and personal characteristics, the lowest EMI per lakh for the shortest term and lowest interest rate is often around $2705 per month. It could change based on the interest rate, the selected tenure, and the principal sum you borrow from IIFL.

    1. How is a personal loan from IIFL Finance closed?

    ANS. You can fill out the form for loan cancellation there while making a direct visit to the branch. Following that, the bank will ask you for some supporting papers and the remaining balance.

Eligibility Criteria for IIFL Personal Loan 

Here are the list of IIFL Personal Loan eligibility: 

  • In order to be considered for this loan, your Cibil Score must be at least 700.

  • It should be 19 years old or older for the Individual.

  • The person should be at least 65 years old when fully developed.

  • A salary of at least INR 15,000 per month is required.

  • The UW will utilise ABB if you are self-employed.

  • In the past six months, there won't be any minimum balance fees.

Fees and Charges of IIFL Personal Loan 

Processing FeeUp to 1.75% of the loan amount
Transaction/Legal Handling charges in Balance TransferRs. 2,500
CERSAI FeesRs. 100 (for loans > Rs. 5 lakh)
Rs. 50 (for loans <= Rs. 5 lakh)
Cheque / ECS Dishonour ChargesRs. 500 for each ECS/cheque bounce
Nil on Representation of ECS/ Cheque
Late Payment Charges18% p.a. of outstanding EMI
Prepayment ChargesFor individuals: No foreclosure or part prepayment charges on floating rate home loans
For non-individuals:
Within 1st year of the first disbursement
For Full/Part Prepayment: 5% of amount prepaid
After 1st year till fixed-rate tenor
For Full Prepayment: 3% of amount prepaid
For Full Prepayment: 1% of amount prepaid

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