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

Itna Badhiya Rate and Service Hai!

Apke yaha itna acha interest rate mil gya market mei sabse kum and service toh aur bhi achi h. thank you.

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Mohit SinghDec 2, 2025

Best Interest Rate Offer

Got the best interest rate on your website. Best assistance and seamless experience.

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Aniket SinghDec 2, 2025

Best Marketplace to Shop for Loans

Your website is the best to apply for a personal loan. Got my loan disbursed within 3 days. So easy and hassle-free.

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Nikita SharmaDec 2, 2025

Fast loan approval

I got my loan approved within 24 hours. The process was fast, transparent, and reliable, exactly what I was looking for.

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Pragati ShuklaDec 2, 2025

Best place to compare loans

I was able to compare offers from multiple lenders on a single platform. This not only made my search easy but also saved a lot of time which was otherwise not possible if I checked with different lenders separately.

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Ashok SinghDec 1, 2025

Quickest Disbursal and Best Offer

I have got a personal loan from other platforms in the past. But your website is the quickest and the easiest place to get a loan. Great work!

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Sachin SharmaNov 25, 2025

Quick Loan disbursal

Mera loan amount bahut hi jaldi mere account me a gaya tha. Koi lengthy doucmentation process ni follow karna pada. Sab kuch asani se ho gaya.

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Dinesh PantNov 16, 2025

Best marketplace to shop for loans

I highly recommend Paisabazaar app to everyone looking out for personal loans. The customer support is so supportive and follows up with you throughout the loan process.

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Shweta SinghNov 13, 2025

Excellent features of Paisabazaar app

Good for tracking multiple loans and payments. I especially like auto-reminder feature to avoid missed EMIs.

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Jyoti SinghNov 12, 2025

User friendly interface

The platform is very user-friendly. I used the EMI calculator provided on the Paisabazaar website and was able to plan my EMIs as per my financial situation.

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Palash SinghNov 11, 2025
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