IIFL Finance Personal Loan Interest Rates

You can get an IIFL Finance Personal Loan with interest rates starting at just 1.5% per month. Get flexible tenures of up to 42 months and comfortably repay the loan. Your personal loan terms are usually affected by factors like your income, credit score, job stability, and more. Thus, it is important to learn about the interest rates, other associated charges, and various factors that affect them.

Let’s understand the interest rates and other details of an IIFL Finance Personal Loan:

*Disclaimer: The mentioned values are subject to change at the lender’s discretion.

Along with the interest rates, here are some charges to consider before applying for a loan:

*Disclaimer: The mentioned values are subject to change at the lender’s discretion.

Some factors which may have an impact on your IIFL Finance personal loan interest rate are:

• Income 

• Credit Score

• Job Stability 

• Employment Type

• Loan Tenure

• Debt-to-Income (DTI) Ratio

• Collateral

• Economic Conditions

Use the formula provided below to check the EMI for a personal loan from IIFL Finance:

EMI = P x R x (1+R) ^N / [(1+R) ^N-1]

Here,

• EMI = The instalment amount

• P = The principal amount 

• N = The tenure

• R = The rate of interest  

Instead, you can also use the personal loan EMI calculator on Bajaj Markets. This tool allows you to get instant and accurate results about your instalments. Simply provide the loan amount, tenure, and interest rate to get the calculations done within seconds. This eliminates the need for complex and tedious calculations, helping you avoid any errors and miscalculations.