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

IIFL Finance Limited offers quick 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. An IIFL Personal Loan is a popular credit option 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 Loans are disbursed within 24 hours once approved. Let us check out the details of the IIFL Finance Personal Loans here.

IIFL Finance Personal Loan Details

Loan amount

₹40,000 - ₹5 Lakhs


6 - 36 months (for self-employed applicants)

9 - 42 months (for salaried applicants)

Interest rate

Starting from 18.00% per annum

Processing fee

2% - 6% of the loan amount + GST

(Additional ₹500 as Convenience Fees)

Note that the interest rate and charges mentioned above are indicative and might change depending on the applicant’s eligibility.

IIFL Personal Loan Interest Rate

IIFL Personal Loan interest rate starts from 18% 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 Finance Personal Loan: Eligibility & Documents

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. 

1. Eligibility Criteria for IIFL Finance Personal Loan

  • The applicant must be a resident of India

  • The applicant must be between 19-60 years

  • For IIFL loan the applicant must be a salaried individual with a minimum monthly salary of ₹15,000. Self-employed applicants must have average bank balance of minimum ₹8000


 2. IIFL Personal Loan Documents Required

  • A selfie

  • PAN Card

  • Address Proof – Aadhaar/Passport/Voter ID

  • Latest 6 months bank statement

  • Proof of Identity: PAN Card & Live Selfie

  • Proof of Address (Aadhaar)

  • Bank statement of last 6 months


Note that the lender may ask you for additional documents if required.

Calculate Your EMI for IIFL Personal Loan

Loan Amount
  • Months
  • Years
Rate of Interest

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest
Year Principal Interest Balance

Features and Benefits

Attractive Loan Amount

Attractive Loan Amount

You can get up to a maximum of ₹5 Lakhs to fulfil your financial needs through IIFL Personal Loan.
100% Digital

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

Instant Approval

You can upload your KYC documents and get the IIFL Personal Loan approval in a few minutes.
Minimal Documentation

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

Collateral-free Loans

You do not have to submit any collateral or security to avail a Personal Loan from IIFL.


Quick Disbursal

Quick Disbursal

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

Know How IIFL Personal Loans Can Help You

A personal loan from IIFL can help you meet your small and big-ticket financial requirements. The loan amount ranges between ₹40,000 and ₹5 Lakhs, and comes with no end-use restriction. In simple terms, you can utilise the amount for various purposes, including wedding, education or travel.

How to Apply for IIFL Personal Loans?

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

  • Fill Details: Enter your personal and professional details.

  • Select Lender: From the list of loan offers, select IIFL Finance to proceed.

  • Choose Amount: Select the loan amount and repayment tenure as per your choice.

  • Get Approval: Get online approval in 2 minutes and money in your bank within 24 hours.

Comparison of IIFL Personal Loan with other Partner Lenders

One of the most important considerations before obtaining personal loan is to compare IIFL personal loan interest rate with that of other banks:

Lending Partner Name

Interest Rate Range

Avail Laon


30% p.a. Onwards

Apply Now


14% p.a. Onwards

Apply Now


15.95% p.a. Onwards

Apply Now


21% p.a. Onwards

Apply Now


15% p.a. Onwards

Apply Now

Kotak Mahindra Bank

10.99% p.a. Onwards

Apply Now

L&T Finance

11% p.a. Onwards

Apply Now


16% p.a. Onwards

Apply Now


24% p.a. Onwards

Apply Now

Muthoot Finance

14.50% p.a. Onwards

Apply Now

PaySense Partners

14% p.a. Onwards

Apply Now


9.99% p.a. Onwards

Apply Now


2% p.m. Onwards

Apply Now

SMFG India Credit

12% p.a. Onwards

Apply Now


1.5% p.m. Onwards

Apply Now


10.99% p.a. Onwards

Apply Now

Disclaimer: The interest rates in the above table are indicative and might change depending on the bank or NBFC.

IIFL Finance Customer Care Details

You can use any of the contact options given below to enquire about the IIFL personal loan or other schemes, and leave 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 Finance branch.

FAQs on IIFL Personal Loan

IIFL Personal Loan interest rate starts from 18% per annum. It varies depending on the applicant’s profile, loan tenure, loan amount, etc.

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

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

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

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.

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

Typically, IIFL processes a loan application within a week. However, this may differ depending upon your eligibility and document submission.

IIFL is a leading financial institution in the country, which has been operating for several years. Thus, it is completely safe to obtain a loan from IIFL.

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