Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!

 

IIFL Finance Limited offers a diverse range of financial services, including loans and mortgages. One among them is IIFL Digital Personal Loan, which can be used to pay medical bills, meet emergency financial needs, fulfil educational purposes and fund a wedding or a vacation.

IIFL Finance Personal Loans are popular among Indian customers for their ease of application, lower interest rate, and flexible repayment tenures. With minimal documentation, these loans are approved in a few minutes. IIFL Online Personal Loans are disbursed within 24 hours once approved.

IIFL Personal Loans up to Rs. 5 Lakhs can be availed within a few simple steps since it is 100% digital. The interest rate of Personal Loans from IIFL ranges between 16.50% and 27.50% per annum. Bajaj MARKETS is one of the trusted platforms that has partnered with IIFL Finance, through which you can avail of an IIFL Personal Loan easily.

Let us check out the details of the IIFL Personal Loans here. 

IIFL Personal Loan Details

Here are the details of the IIFL Online Personal Loans, including the interest rate, fees, charges, and much more.

Interest Rate

16.50% - 27.50% per annum

Processing Fees

2.50% - 4% of the loan amount + GST

Tenure

Maximum of up to 42 months

Loan Amount

Up to Rs. 5 Lakhs

IIFL Personal Loan Rate of Interest 2022

IIFL Digital Personal Loan interest rate ranges between 16.50% and 27.50% per annum. It is one of the major determining factors in deciding the EMI you have to pay. It changes depending on the applicant’s profile, loan tenure, loan amount, etc. Since it is an IIFL Personal Loan, like any other lender, IIFL also prefers salaried individuals as borrowers. It is because a regular source of income increases the chances of repayment. So, IIFL offers a lower interest rate to salaried individuals.

IIFL Personal Loan Features & Benefits

IIFL Personal Loan has many unique features and benefits that will instantly help you meet your financial requirement. They are:

  • Attractive Loan Amount: You can get up to a maximum of Rs. 5 Lakhs to fulfil your financial needs through IIFL Personal Loan.

  • 100% Digital: You can carry out the IIFL Personal Loan application procedure from the convenience of your home. No physical visit to the branch is required.

  • Instant Approval: You can upload your KYC documents and get the IIFL Personal Loan approval in a few minutes.

  • Minimal Documentation: There is no need for complicated loan application forms and documents. The documentation is simplified, and you can get approval only based on your bank statement. No salary slip is required.

  • Collateral-free Loans: You do not have to submit any collateral or security to avail a Personal Loan from IIFL.

  • Quick Disbursal: If your KYC is fully approved, the loan amount can be credited to your bank account in just 24 hours.

IIFL Personal Loan Eligibility

Eligibility for an IIFL Personal Loan is dependent on various factors, including current age, monthly income, retirement age, etc. Your personal loan eligibility can also be considered an indicator of your repayment ability. Here are the personal loan eligibility criteria you need to fulfil to qualify for an IIFL Online Personal Loan.  

  • The applicant must be a resident of India.

  • The applicant must be between 19-60 years. 

  • The applicant must be a salaried individual with a monthly salary of at least Rs. 15,000.

Documents Required for IIFL Personal Loan 

Here are the common documents required to avail an IIFL Finance Personal Loan.

  • A selfie

  • PAN Card

  • Address Proof – Aadhaar/Passport/Voter ID

  • Latest 6 months bank statement

IIFL Personal Loan EMI

If you are interested in availing an IIFL Personal Loan but are confused about the EMIs you need to pay, you should use an online Personal Loan EMI calculator to check the EMI. All you have to do is enter the loan amount, interest rate, and loan tenure. The Personal Loan EMI Calculator will display the EMI amount you will need to pay each month.

You must know the monthly EMI you have to pay before you decide to take a personal loan. Since IIFL Finance offers an extended tenure of up to 42 months, you can choose a longer tenure. The longer the tenure, the lower will be the EMI you have to pay. 

How to Apply for IIFL Personal Loan  Online

If you want to apply for any IIFL Personal Loans at Bajaj MARKETS, simply follow these simple steps mentioned below: 

  • Step 1 - Filling Details Online: Enter your personal and professional details.

  • Step 2 - Select your Lending Partner: From the list of loan offers, select IIFL Finance to proceed.

  • Step 3 - Enter your requirement: Select the loan amount and repayment tenure as per your choice.

  • Step 4 - Approval & Disbursal: Get online approval in 2 minutes and money in your bank within 24 hours.

IIFL Customer Care

You can use any of the contact options given below to enquire about the IIFL Finance Personal Loan or other schemes, and leave a feedback about the services:

  • Reach out to IIFL Finance via the customer care number - 1860-267-3000, 7039-050-000 (09.30 am to 6.00 pm from Monday to Friday & 09.30 am to 4.00 pm on Saturdays, Closed on: Sunday and Public Holidays)

  • Write an email to IIFL at reach@iifl.com 

  • You can raise an online request at https://www.iifl.com/contact-us/raise-a-request 

  • Else, you can pay a visit to the nearest IIFL branch.

IIFL Personal Loan FAQs

  • ✔️Does IIFL offer different types of Personal Loan interest rates?

    IIFL Personal Loan interest rate ranges between 16.50% and 27.50% per annum. It varies depending on the applicant’s profile, loan tenure, loan amount, etc.

  • ✔️Can students apply for the IIFL Personal Loan?

    No, only salaried individuals can apply for the IIFL Personal Loan.

  • ✔️What is the maximum Personal Loan a salaried person can get?

    The maximum IIFL Personal Loan a salaried person can get is Rs. 5 Lakhs.

  • ✔️How to increase the chances of loan approval from IIFL?

    To increase your chances of loan approval from IIFL you should maintain a good credit profile and maintain good relation with the bank.

  • ✔️Who is eligible for IIFL Personal Loan?

    Here are the eligibility criteria you need to fulfil to qualify for an IIFL Online Personal Loan.  

    •  The applicant must be a resident of India. 

    • The applicant must be between 19-60 years. 

    • The applicant must be a salaried individual with a monthly salary of at least Rs. 15,000.

  • ✔️How to repay my IIFL Personal Loan?

    You can repay your IIFL Personal Loan through any of the given methods:

    •  Pay through online methods like Internet Banking

    • Pay through the IIFL Loans Mobile app

    • Pay through online wallets like Phone Pe, Google Pay, Paytm