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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% to 28% 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 Fee6,500
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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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

Apply Now

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 12.00% 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:

  • 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

Apply Now

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

Avail Personal Loan for
All Your Needs

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

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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