IIFL is offering up to Rs. 5 lakhs instant personal loans. The process is 100% digital. You can apply for a loan online. The minimal documentation process. India Infoline (IIFL) Finance personal loan interest rate starts from 12.75% per annum.
Let’s read the article to learn more about IIFL personal loans.
IIFL Personal Loan Quick Recap
| Loan Amount | Up To 5 Lakh |
| Interest Rate | 12.75% to 33.75% p.a. |
| Tenure | 1 -5 years |
| Age Required | 23 -60 years |
| CIBIL Required | -1 /700+ |
| Processing Fees | Up to 4% of the loan amount |
| Eligible For | Salaried Person |
Benefits of IIFL Personal Loan
Instant Disburse: IIFL personal loan provides an instant loan disbursement process within 72 hours.
Minimal Documents: The documentation process is minimal compared with other Banks.
Digital Loan: You don’t visit brunch for other Banks or NBFCs. You can apply online.
Competitive Interest: IIFL provides a competitive interest rate. The interest rate is 12.75% to 33.75% per annum.
Flexible Tenure: The flexible loan tenure offering by IIFL. The loan repayment tenure starts from 1 year to 5 years.
No Hidden Fees: There are no hidden charges. IIFL takes the processing fees at loan disbursement time.
Also Read: Personal Loan for Self Employed in India
Eligibility Criteria for IIFL Personal Loan
- Indian Residence
- Age 23 to 60 years required
- A monthly net salary of Rs. 15,000 required
- The minimum job experience of 2 years required
- CIBIL Score should be -1 or 700+ required
- Maintain ABB (Average Bank Balance) of Rs. 8,000
Documents Required for IIFL Loan
Apply for an IIFL personal loan requires the following documents:
- Aadhaar Card
- Pan Card (Identity Proof)
- Current address proof (Aadhaar Card, Rent agreement, Electricity bill)
- Recent 3 month’s salary slip
- Last 6-month bank statement pdf
Also Read: Personal Loan for Minimum Salary 15,000
IIFL Personal Loan Interest Rate
| Minimum Interest Rate | 12.75% p.a. |
| Maximum Interest Rate | 33.75% p.a. |
IIFL Personal Loan Fees & Other Charges
| Processing fee | Up to 4% of the loan amount |
| Late Fees, Penal Charge | 2% of monthly compounded |
| Pre-close Charges | No charges (after 12 month) |
How to Apply for an IIFL Personal Loan
Step 1: Click on the “IIFL Personal Loan” button.
Step 2: Enter the Aadhaar-linked phone number.
Step 3: Fill in the basic customer details
Step 4: Again enter the customer’s phone number
Step 5: Give pan card & customer email ID.
Step 6: After the credit check, upload the salary account statement.
Step 7: If you are eligible, you will get the loan offer.
Step 8: Now complete the e-mandate process.
Step 9: After the process, the loan will be credited to your bank account.
Also Read: Flexpay Instant Personal Loan
IIFL Personal Loan Customer Care
You will get all queries through IIFL customer care. Customer care will solve the loan or other queries as soon as possible.
Customer Care: 1860 267 3000 / 7039 050 000
Official Email: reach@iifl.com
Office Address
India Infoline Finance Limited, 802, 8th Floor
Hubtown Solaris, N. S. Phadke Marg
Vijay Nagar, Andheri East, Mumbai – 400 069
FAQs on IIFL Personal Loan
Can I get an IIFL Personal Loan without a co-applicant?
You may apply for an IIFL personal loan without a co-applicant. Only customer documents will be required.
How much personal loan does IIFL provide?
IIFL is offering up to Rs. 5 lakhs instant personal loans.
What is the IIFL Personal Loan interest rate?
The personal loan interest rate is 12.75% to 33.75% p.a. Your credit history will depend on getting the best interest rate.
How to call IIFL customer care?
You may call customer care at 1860 267 3000 / 7039 050 000 on working days (10 am – 6 pm).