IIFL Finance Pre-approved Personal Loan

IIFL Finance offers pre-approved personal loans that make borrowing simple and convenient. With minimal documentation, no collateral, and a fully digital process, getting funds becomes quick and hassle-free.

Whether it is for an urgent need or a planned expense, these loans are designed to support your financial goals with ease and flexibility. 

IIFL Finance provides pre-approved personal loans of up to ₹5 Lakhs with interest rate starting from 18% per annum. The loan comes with a flexible tenure of up to 42 months, allowing you to choose a repayment plan that fits your budget. 

With a completely digital process and fast approvals, the funds are typically disbursed within 24 hours. You can use the loan for various personal needs, and all charges are clearly disclosed upfront, ensuring full transparency.

IIFL Finance makes borrowing quick and hassle-free with its pre-approved personal loan offer. Here are the key features:

• Borrow up to ₹5 Lakhs for expenses like medical emergencies, education, home renovation, or travel

• Apply at your convenience through a fully digital process

• Receive instant approval within minutes of application

• Complete the process with minimal documentation and no physical paperwork

• No need to pledge any collateral or security

• Funds are disbursed to your bank account within 24 hours of approval

IIFL Finance offers pre-approved loans with convenient features to simplify your borrowing experience:

• Quick loan disbursal with the amount credited to your account within 24 hours

• Only basic documents and digital verification are required for minimal paperwork

• Flexible repayment options let you choose EMIs and tenure that suit your budget

• No restrictions on how you use the loan, whether for travel, medical, education, or shopping

• All charges are transparently listed with no hidden fees

• Part-payment is allowed to help you lower your loan burden and repay sooner

IIFL Finance personal loans include specific fees and charges that apply during processing and repayment. Below is a breakdown of the key charges you may incur:

Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.

It is essential to review the interest rate before applying to understand your total borrowing cost. Here is a clear overview:

To apply for a pre-approved personal loan from IIFL Finance, you must meet the following basic criteria:

• You must be an Indian Citizen

• Your age should be between 19 and 60 years

• If you are a salaried individual, your minimum monthly salary should be ₹15,000

• If you are self-employed, your bank account should maintain a balance of at least ₹8,000.

• You must have a CIBIL score of 700 or above

Note: This is a pre-approved offer. Final eligibility is subject to the lender's internal policies and approval process. Terms and conditions apply.

Keep the following documents ready to make your loan application process faster and smoother:

Note: Additional documents may be requested at the sole discretion of the lender during the verification or approval process. Submission of all required documents does not guarantee approval of the loan.

Applying through Bajaj Markets gives you access to trusted lenders, flexible personal loan options, and a completely digital process. It simplifies comparison, application, and approval all in one place.

• Competitive Interest Rates

You get access to personal loans at reasonable rates from various reputable lenders. This helps make your monthly payments more manageable. 

• Flexible Tenure

You can choose a repayment period that fits your budget and financial goals. This ensures better planning and ease of repayment.

• Transparent Charges

All fees and charges are disclosed clearly at the start. You do not have to worry about unexpected costs later. 

• Multiple Lending Options

If one lender’s offer does not suit your needs, you can easily check and apply with others. This increases your chances of loan approval without extra effort.

Boost your chances of receiving a pre-approved personal loan by following these simple, effective steps:

• Maintain a Good Credit Score

Keep your credit score above 700 by paying your EMIs and credit card bills on time. Avoid maxing out your credit limits to show responsible usage.

• Responsible Credit Usage 

Try to reduce your credit utilisation ratio below 30% of your total limit. It improves your chances of approval and improves your overall credit profile. 

• Consistent Income Source 

Maintain a stable income through regular employment or business. This reassures lenders of your repayment ability. 

• Monitor Revised Pre-approved Offers 

Lenders often revise their pre-approved loan offers depending on your credit score. You must keep an eye on these offers to benefit from opportunities. 

• Avoid Multiple Loan Applications

Applying with multiple lenders simultaneously can negatively affect your credit score. Use platforms like Bajaj Markets view and compare multiple offers in one place without harming your credit health.