IIFL Finance Personal Loan

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Completely Online Process

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Transparent and Flexible

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Instant Loan Disbursal

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Seamless and Stress-free

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto 25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%
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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

About IIFL Finance Personal Loan

  • IIFL Finance offers tailored personal loans to meet the urgent financial needs of the applicants.
  • The lender offers instant digital approval making the financial journey easy and hassle-free.
  • The loan is approved in just a few minutes.
  • IIFL Finance offers transparency and flexibility with minimal documentation.
  • The loan amount ranges from Rs. 5,000 to Rs. 5 lakh depending on the repayment capacity of the applicants.
  • The loan proceeds can be used for wedding, vacation, travel, medical emergency, home renovation, etc.

IIFL Finance Personal Loan Interest Rate

The personal loan interest rates offered by IIFL Finance are mentioned below:

Minimum Interest Rate 12.75% p.a.
Maximum Interest Rate 44% p.a.

IIFL Finance Personal Loan Fees and Charges

Particulars Charges
Processing Fees 2%-9%
Penal Charges 24% p.a.
NACH/E-mandate bounce charges Rs 500
Bank swapping charges Rs 500

Foreclosure Charges

Loan Tenure (in months) >=6 >=12 <=24 >24
0-6 7% 7% 6% 6%
7-12 NA 6% 6% 6%
13-18 NA NA 5% 5%
19-24 NA NA 3% 3%
>24 NA NA NA 2%

Types of IIFL Finance Personal Loan

Personal Loan for Women

Purpose: IIFL Finance Limited offers Personal Loan for Women to cater to the personal financial requirements of women.

Loan amount: Rs 5,000- Rs 5 lakh

Loan Tenure: 3 months- 42 months

Emergency Loan

Purpose: Individuals can avail Emergency Loan through IIFL Finance Limited to meet their financial requirements in case of an emergency.

Loan amount: Rs 5,000- Rs 5 lakh

Loan Tenure: 3 months- 42 months

Marriage Loan

Purpose: Consumers can avail Marriage Loan through IIFL Finance to meet their financial requirements for marriage related expenses.

Loan amount: Rs 5,000- Rs 5 lakh

Loan Tenure: 3 months- 42 months

Medical Loan

Purpose: The NBFC offers Medical Loan for meeting the financial requirements of the applicants in case of any medical emergency.

Loan amount: Rs 5,000- Rs 5 lakh

Loan Tenure: 3 months- 42 months

Agriculture Personal Loan

Purpose: IIFL Finance offers Agriculture Personal Loan to cater to the financial requirements of the applicant related to agriculture activities.

Personal Loan for Doctors

Purpose: Medical professionals can avail Personal Loan for Doctors through IIFL Finance to meet their financial requirements for various purposes such as wedding, travel, opening and expanding clinic, purchasing medical equipment, education, etc.

Loan amount: Rs 5,000- Rs 5 lakh

Loan Tenure: 3 months- 42 months

Personal Loan for Salaried Employees

Purpose: Salaried individuals can avail instant Personal Loan for Salaried through IIFL Finance to fulfil their financial needs.

Loan amount: Rs 5,000- Rs 5 lakh

Loan Tenure: 3 months- 42 months

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All Your Needs

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Eligibility Criteria of IIFL Finance Personal Loan Applicants

The personal loan eligibility criteria set by IIFL Finance Limited for its personal loan applicants is mentioned below:

For Salaried Individuals:

  • Minimum age of the applicant at the time of loan application should be 23 years and the maximum age of the applicant at the time of loan maturity should be 58 years.
  • Individuals having minimum monthly income of Rs 25,000 are eligible for IIFL Finance Personal Loan.
  • Applicant should have a minimum work experience of 2 years with an experience of 1 year in the current organisation.
  • Applicants having a minimum CIBIL Score of 700 have higher chances of availing personal loan through IIFL Finance at lower interest rates.

For Self-employed Individuals:

  • Minimum age of the applicant should be 25 years at the time of loan application whereas maximum age at the time of loan maturity should be 65 years.
  • Applicant should display business vintage of atleast 3 years.
  • Applicant should have a minimum annual income of Rs 5 lakh.

For Medical Loan:

  • The age of the eligible applicant should be between 23 to 65 years.
  • Applicant should have a minimum CIBIL score of 750 or above.
  • Eligible applicant should be salaried or self-employed individual.
  • The minimum monthly income of the applicant should be Rs 22,000.

For Agriculture Personal Loan:

  • The minimum age of the applicant at the time of loan application should be 18 years and the maximum age at the time of loan maturity should be 65 years.
  • The applicant should be deriving a consistent income through agricultural activities.

Documents Required for Availing IIFL Personal Loan

ID and Address Proof:

  • PAN card
  • Aadhar card
  • Passport
  • Voter ID
  • Salary slip for last 3 months
  • Bank statement for last 6 months

Business and Income Proof

  • ITR for last 2 years with income computation
  • Bank statement for last 1 year
  • Proof of business registration

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Avail Personal Loan For
All Your Needs

Avail Personal Loan Banner

FAQs

IIFL Finance offers personal loan to applicants having a minimum CIBIL score of  700.

Salaried and self-employed individuals having a minimum CIBIL score of 700 and a minimum income of Rs 25,000 per month and Rs 5 lakh per annum respectively are eligible for IIFL Finance Personal Loan.

IIFL Finance personal loan interest rates range from 12.75% to 44% p.a. depending on the credit profile of the applicant.

Salaried employees should have a minimum monthly income of Rs 25,000 and self-employed individuals should have a minimum income of Rs 5 lakh per annum to be eligible for availing IIFL Finance Personal Loan.

An individual can avail a minimum personal loan amount of Rs 5,000 through IIFL Finance.

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What our customers say

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

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Tanmay BorkatakiDec 12, 2025

Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

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Aridaman Singh ParhichaDec 11, 2025

My loan got approved immediately

I wanted a loan and I was able to get it approved through Paisabazaar. It was instantaneous and I got the amount in my account in 2 days only.

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Priyam Sarkar MajumdarDec 10, 2025

I get loan from here

I get loan from Paisabazaar here and it is very quickly given to me.

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Bilal ZaidiDec 9, 2025

Excellant EMI calculator and expert assistance available

The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.

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Mohit YadavDec 3, 2025

Fully Digital Process for Real.

Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

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Gautam BakshiDec 3, 2025

Lower Rate than My Own Bank

Got a lower interest rate than my bank was offering.Smooth digital verification and quick disbursal.

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Shivani SuryaDec 3, 2025

Pre-approved offers with quick approval

I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

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Suraj VermaDec 3, 2025

Same day approval. wow.

The loan was approved the same day — super smooth and transparent process.

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Shiv KumarDec 3, 2025

Best Loan Terms on My Credit Score in the Market

Paisabazaar helped me get a loan even with a borderline credit score. Really impressed with how smooth everything was.

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SunnyDec 3, 2025
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