- 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
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₹65k Cr+Loans Disbursed
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Instant Loan Disbursal
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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 Fee₹ 6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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About IIFL Finance Personal Loan
IIFL Finance Personal Loan Interest Rate
The personal loan interest rates offered by IIFL Finance are mentioned below:
| Minimum Interest Rate | 12.00% p.a. |
| Maximum Interest Rate | 28.00% p.a. |
Rates as of 15th April 2026
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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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:
For Self-employed Individuals:
For Medical Loan:
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:
Business and Income Proof
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FAQs
At what minimum CIBIL score does IIFL Finance offer personal loan to its applicants?
IIFL Finance offers personal loan to applicants having a minimum CIBIL score of 700.
Who is eligible for IIFL Finance Personal Loan?
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.
At what interest rate does IIFL Finance offer personal loan to its applicants?
IIFL Finance personal loan interest rates range from 12.75% to 44% p.a. depending on the credit profile of the applicant.
What is the minimum income requirement to be eligible for IIFL Finance Personal Loan?
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.
What minimum personal loan amount can an individual avail through IIFL Finance?
An individual can avail a minimum personal loan amount of Rs 5,000 through IIFL Finance.
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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