IIFL Personal Loan 2022

IIFL Personal Loans Details

An IIFL personal loan is meant to overcome the unpredicted financial crunches at any point in your life. Personal loans are processed and disbursed quickly. Moreover, they do not require any collateral. The loan amount may be utilized for the purpose of purchasing any consumer durables or for meeting domestic, social and other such emergency expenses. IIFL provides easy and hassle-free personal loans to individuals at highly competitive interest rates along with other benefits such as door-step services. You can do an IIFL loan login and avail IIFL personal loan products as per your distinct requirements. You can also check your personal loan eligibility with its accurate IIFL personal loan calculator.

Special Note: rates, fees and charges are subject to periodic changes. Personal loan interest rates and other fees and charges in IIFL bank are subject to regular reviews and can vary from customer to customer depending upon a number of factors ranging from credit score to existing loans, amount of savings, company with which you are currently employed, number of years of relationship with the lender etc.

Compare IIFL personal loan from other lenders

Eligibility for an IIFL  personal loan is decided on the basis of certain parameters. A loan seeker must satisfy the below-mentioned eligibility criteria to avail an IIFL Personal Loan:

• Salaried employees residing in Delhi/NCR, Thane, Mumbai, Bengaluru, Pune and Vashi are eligible. They should be working in the present organization for the last 6 months at least and should have an overall work experience of at least 2 years.
• Age Limit: The age of the IIFL personal loan applicant should be between 25 to 60 years
• Quantum of the Loan: Individuals can avail a loan amount up to Rs 25 lakhs
• Income: Individuals should have a minimum monthly income of Rs.25,000/- to avail a personal loan from IIFL.
• Eligibility and EMI calculator: Now, you can easily calculate your IIFL personal loan eligibility and IIFL personal loan EMI amount using utility tools like IIFL personal loan calculator and personal loan EMI calculator at afinoz.com. These tools will help you to determine your monthly EMI outflow, plus the interest rate you need to pay. Using these calculators at Afinoz.com is free and simple.
• CIBIL score: Credit score is an important factor for the approval of any loan Usually, your creditworthiness is determined by evaluating your credit score (from CIBIL or EXPERIAN). Loan applications of IIFL  applicants having poor credit score may get rejected. We would advise you to keep on improving your credit score on a continuous basis. If you have a poor credit score and your loan application gets approved somehow, you may be offered a higher rate of interest with other unfavorable terms and conditions on your IIFL  loan, in comparison to someone with an excellent credit score.

Individuals applying for an IIFL personal loan should submit the following documents-

1. Aadhar number for KYC
2. Photo Id, age proof and address proof( not necessary if eKYC is done through IIFL login)
3. Signed loan application form with photographs
4. Last 3 months bank statement
5. Last 3 months salary slips
6. Rental agreement( if applicable)

IIFL personal Loan offers attractive features and benefits from easy loan approval to lower interest rates along with flexible loan tenure and IIFL Online payment. Here are some of the salient features of a personal loan from IIFL.

•  Affordable rate of interest: IIFL offers competitive interest rates starting from 13 % per annum.
• No collateral or security required.
• Flexible Repayment Options: You can choose any tenure from 12 to 60 months to repay your IIFL Personal Loan.
• Multipurpose Personal Loan: The IIFL Personal Loan can be used for any genuine personal credit need including educational expenses, wedding expenses, travel costs and to meet the expenses of emergency medical funds. No questions asked.
• Quick processing and disbursal- Quick checking of your eligibility within just a minute and quick online approval is offered through IIFL login. The documentation process is entirely hassle-free. Also, express disbursal of your personal loan is possible within just 8 hours.
• Easy online platform-  The IIFL online platform is an easy and completely transparent one. Faster processing of your loan application and IIFL online payment are made possible through effective online procedures such as eSign (via Aadhar) and eKYC.
• No pre-closure charge (pre-closure will be allowed only after 12 months.

IIFL Bank Personal Loan EMI calculator is one of the simplest and easy to use feature made available to its customers. This feature ensures that the customers can make suitable choices before applying for the loan of their desired amount. The formula which is used here includes the processing fees, the anticipated rate of interest and the tenure for which the amount of loan is to be availed.

The EMI calculator will ask about the amount you wish to borrow and the total number of months over which the amount is to be repaid, on the basis of this information the calculator will provide various applicable monthly instalments varying according to the tenure of the loan repayment. 

Amount of ₹ 2 Lakh availed at the rate of interest of 13% per annum, for flexible repayment tenure:

Different amounts of loan taken at the rate of interest of 13% per annum for a period of 12 months:

While you can do your IIFL personal loan application through Afinoz, you should follow the following:

• Check your IIFL personal loan eligibility with the personal loan eligibility calculator at Afinoz. Simply visit Afinoz.com, fill in a few easy details and get an instant and accurate assessment of your personal loan eligibility
• Check your IIFL personal loan EMI with the personal loan EMI calculator at Afinoz.com. This will help you to know the exact amount you need to pay every month towards the repayment of your loan
• Check the documentation required for your IIFL personal loan application. Whether you are salaried or self-employed, applying with the proper set of documents will enhance your chances of getting your loan approved in the least possible time

With IIFL, one can easily track the status of your personal loan process application by taking a few steps. First, by visiting the online site or the mobile phone application, and login using your credentials, one needs to enter the application number. Going forward, the page shows the account summary, where one easily tracks the loan application status, thus can know whether the loan has been approved, in process or is rejected.

Afinoz is one of India's leading personalized financial marketplaces. It has created a personal loan platform that lets you choose the best personal loan from multiple options available to you. All the options are system generated, designed while taking into consideration your specific needs and requirements:

Instant Approval – Once you fill in some basic details and submit your application form along with valid documents, your e-approval will be accorded within 2 to 3 days.

Real-time application tracking – You can keep track of the application status in real-time with a unique transaction id that is generated at the time of IIFL business loan application submission. We ensure that all the applicants are kept informed about their application process at each step via regular SMS and emails.

Online eligibility check – You can do all your dealings with the lender online. You just need to provide your basic information and our online personal loan eligibility calculator will let you know the amount of loan you are eligible to borrow from IIFL for your personal financing.

Secure Environment - Afinoz.com has a built-in security system in place for your personal information which is stored in a secure environment in our system with your consent. This information is then sent to the lenders in an encrypted format digitally and is extremely secure.

24/7 Customer Service - At any stage of your application process, if you happen to have any query or wish for any financial advice, our experienced customer service professionals will offer the best financing/investment solutions to address your issues. So there is no need for you to waste time and make multiple trips to the lender to discuss loan specifications with them.

No third-party agent – Afinoz online loan application process is absolutely free. Through Afinoz one can directly approach multiple providers online without involving any agent and therefore avoiding unnecessary delays and hassles.

Free quotations – Get online deals on an IIFL personal loan or IIFL business loan and get free unbiased quotes of the best loan rates. All you have to do is to select the loan amount you want to borrow and the tenure of the IIFL personal loan. You will get a customized online quote within a couple of minutes.

About IIFL

The full form of IIFL is India Infoline. It is a leading investment and financial services company in India, having its headquarters in Mumbai and with a global presence in UK, Singapore, Canada, US, Switzerland, Hong Kong, and UAE. It was founded in 1995 by Nirmal Jain. As of today, IIFL has a net worth of over Rs. 45 billion and a workforce of over 12,000 employees spreading across about 1200 locations in India. IIFL provides diverse services such as Housing Financial Services and Non-banking services, Broking, Asset and Wealth Management Services, Investment Banking, Financial Product Distribution, and Equities. IIFL was awarded in the year 2017 by Euromoney as the ‘Best Private Banking Service in India’.The Global Finance Best Private Bank Awards also awarded IIFL as the ‘Best Private Bank in India’ in the same year