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IIFL Finance Personal Loan

IIFL Finance Limited offers personal loans to its applicants to meet their personal financial requirements such as wedding, travel, medical emergency, home renovation, etc. The lender offers personal loans at interest rates ranging from 12.75% to 44% p.a. for loan tenure of up to 42 months. Applicants can avail loan amounts of up to Rs 5 lakh through IIFLFinance. The NBFC offers personal loans with loan approval within 5 minutes of submission of loan application and loan disbursal within 24 hours of loan approval.

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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
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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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

IIFL Finance Personal Loan Highlights

Interest Rate 12.75%-44% p.a.
Loan Amount Rs 5,000- Rs 5 lakh
Loan Tenure 3 months- 42 months
Processing Fee 2%- 9%
Prepayment charges NIL
Minimum Monthly Income Rs 25,000

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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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

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What our customers say

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

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Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency &amp; need funds instantly I applied for loan at Paisabazaar &amp; see I have a pre approved offers &amp; apply to it &amp; amount disbursed in 48 hours thanks to paisabazaar teams

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Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025

Loan Approved in on day

I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

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Rahul MehtaSep 23, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

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Pankaj SinhaSep 22, 2025
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