IIFL Personal Loan Apply Online upto 5 lakh: Check Eligibility, Interest Rates & Application Process

Hey there! Are you tired of struggling with financial difficulties every day? Trust me, I know the feeling. But what if I told you that there’s a solution that can make all your financial worries disappear? Enter IIFL Personal Loan apply online!

With a user-friendly online application process, quick eligibility check, and competitive interest rates, IIFL is a top choice for those in need of financial assistance.

In just a few easy steps, you can apply for a loan amount of up to Rs.5 lakh and receive a decision in just 5 minutes.

With a dedication to customer support and a trusted reputation in the industry, you can rest assured that your loan experience with IIFL will be a smooth one.

Eligibility Criteria: IIFL Personal Loan

Thinking about applying for an IIFL Personal Loan but not sure if you’re eligible? No worries, we’ve got you covered! Let’s take a look at the eligibility criteria for this personal loan.

IIFL Personal Loan Apply Online

Age: Are you between the ages of 19 and 65? Congratulations, you’re one step closer to being eligible for an IIFL Personal Loan!

Employment: You’re in Luck! Being a salaried individual is the next requirement to be eligible for this loan. So, if you have a regular income coming in, you’re on the right track.

Indian Resident: You’ll need to be a resident citizen of India to apply for this loan, so don’t worry if you’re not a tourist or a temporary resident.

Minimum Net Salary: Your minimum net salary needs to be at least Rs.15,000 per month for you to be eligible for this loan. This way, you’ll be able to repay the loan comfortably.

Residence: Unfortunately, this loan is only available in certain cities – Delhi NCR, Mumbai, Pune, and Bengaluru. So, if you’re not residing in any of these cities, you’ll have to wait for a little longer to avail this loan.

Job Experience: Last but not the least, you’ll need to have at least 2 years of job experience to be eligible for this loan. So, if you’re a fresh graduate or someone who just started working, you’ll have to wait a little while to apply for this loan.

So, now that you know the eligibility criteria, if you meet all of the above requirements, you’re good to go and can start the application process for an IIFL Personal Loan!

Eligibility CriteriaDetails
Age19 years to 65 years
EmploymentSalaried individual
CitizenshipResident citizen of India
Minimum Net SalaryRs. 15,000 monthly
Residing CityDelhi NCR, Mumbai, Pune, and Bengaluru and some other big cities
Total work experienceShould have at least 2 years of job experience

IIFL Personal Loan: Loan Amount and Interest Rates

iifl personal loan apply online

So, you’re in need of some extra cash and you’re considering an IIFL Personal Loan. Well, good news! You can borrow up to a whopping Rs.5 lakh to cover your expenses.

But wait, there’s more. The interest rate on your loan will range from 11.75% to 28% per annum, which is still a pretty sweet deal if you ask me.

And let’s not forget about the processing fees. You’ll be charged 2% to 4% of the loan amount, plus good old GST (because what’s a financial transaction without some taxes thrown in?). So, just keep that in mind when you’re budgeting for your loan repayment.

Documentation and Approval Process

We all know how frustrating the loan approval process can be, with endless paperwork and endless waiting.

But with IIFL Personal Loan, All you need is your Aadhaar number for eKYC and a few other documents to prove who you are, where you live, and how you make your money. That’s it!

With our quick online eligibility check, you can see if you’re a good fit for our loan in just one minute. And if you are, you’ll be approved in just 5 minutes with IIFL lightning-fast online approval process.

Everything is completely online, from start to finish. You can sit back, relax, and watch as your loan application is processed in a jiffy through eKYC and eSign via Aadhaar. And if you need help along the way, our dedicated customer support team is here for you.

Benefits of Choosing IIFL Personal Loan

Think about it: you need some extra cash for an emergency or to fulfill a long-awaited dream, and you want it ASAP.

You don’t want to spend hours filling out forms and submitting a bunch of documents, right?

That’s where IIFL comes in! With just a quick 1-minute eligibility check and a 5-minute online approval process, you could have the money in your account in just 8 hours. Can you even imagine a more speedy solution?

  • 1-minute eligibility check
  • 5-minute online approval
  • 8-hour loan disbursal
  • Loan amount up to Rs.5 lakh
  • Hassle-free documentation
  • Completely online application
  • Transparent process
  • Efficient processing with eKYC and eSign
  • Dedicated customer suppor
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Fees and Charges: IIFL Personal Loan

Hey, who likes hidden fees and charges, right? Well, fear not my friends! With IIFL Personal Loan, you won’t have to worry about any surprise costs. Just a few things you should know about, so you can plan ahead:

  • Processing fees: 2% – 4% of the loan amount plus GST
  • Late payment charges: If you’re a little late on your payment, don’t worry, we won’t charge you an arm and a leg! Just a 2% compounded monthly fee, which is still reasonable, I’d say.
  • Penal charges: And if you’re really late, well, we’ll have to penalize you. But again, no need to panic, just a 2% compounded monthly fee. And think about it, it’s a good reminder to make payments on time.
  • Preclosure fee: None! That’s right, folks! You can pay off your loan anytime you want, without any extra cost. How cool is that?

IIFL Personal Loan Apply Online: A step by step Application Process

We know you’re busy, so we’ve made the application process as simple and straightforward as possible. Here’s how to apply for an IIFL Personal Loan in just a few easy steps:

Step 1: Start by entering your full name and mobile number, and click “Next.”

Step 2: You’ll receive an OTP to your mobile number, so simply enter that and click on “Verify Me.”

Step 3: Next, enter your personal details, such as your full name as per your PAN, email address, and tick the checkbox. Then, click “Next.”

Step 4: Verify the OTP sent to your mobile number.

Step 5: Enter some basic details, like your PAN number, date of birth, gender, and pincode. Then, click “Next.”

Step 6: Choose your salary bank account name and upload 6-12 months of bank statements through net banking, document upload, or OTP.

Step 7: Wait with bated breath as our system checks your eligibility. If you’re approved, you’ll move on to the next step.

Step 8: Choose your loan amount, repayment tenure, interest rate, and EMI. Then, click on “Apply for Loan.”

Step 9: Select the reason for the loan and click “Next.”

Step 10: Enter some personal details, like your education level and marital status.

Step 11: Upload your KYC documents, like your address proof, PAN card, and selfie. Tick the checkbox, and click “Continue.”

Step 12: Add your bank account details and set up auto EMI repayment through E-NACH or physical mandate.

Step 13: E-sign the loan agreement using an OTP sent to your registered mobile number.

Step 14: Wait for your loan to be approved, and once it is, the cash will be transferred to your savings account within 2 working days!

So, there you have it. That’s all it takes to apply for an IIFL Personal Loan.

Check out this informative video for a detailed overview of the IIFL Personal Loan application process and its features.

Documents Required for IIFL Personal Loan apply online

  • Aadhar number for eKYC
  • Proof of identity
  • Proof of address
  • Salary slips
  • Bank statement
  • Rental agreement (if applicable)

Overview of IIFL Personal Loan

Interest Rate11.75% p.a. – 28% p.a.
Processing Fee2% – 4% of the loan amount plus GST
Loan AmountUp to Rs.5 lakh
TenureUp to 60 months
Age19 years to 65 years
EmploymentSalaried individual
Minimum Net SalaryRs. 15000 Per Month


So, there you have it! A complete overview of all the benefits and requirements of IIFL Personal Loan.

And let me tell you, there are a lot of perks!

Quick online eligibility check and approval, express disbursal, hassle-free documentation, completely online application process, and a dedicated customer support team. What more could you ask for?

And as a final thought, if you’re in the market for a personal loan, we highly recommend considering IIFL. With its trusted name, large customer base, and transparent process, you won’t regret it.

So, what are you waiting for? Click on below button to apply instantly.


What is IIFL Personal Loan?

IIFL Personal Loan is a credit option offered by IIFL Finance that allows you to borrow money for various personal needs such as marriage, vacation, home renovation, medical emergency, etc. You can apply for an instant personal loan online with IIFL Finance and get it approved in less than 5 minutes with minimal documentation.

What are the features and benefits of IIFL Personal Loan?

No end-use limits, no collateral, easy documents, flexible repayment, quick disbursal, low interest rates.

What are the eligibility criteria for IIFL Personal Loan?

CIBIL score > 685, no pending EMIs, age 19-65, income > ₹15,000 (salaried) or balance > ₹8,000 (self-employed).

How can I apply for IIFL Personal Loan?

You can apply for IIFL Personal Loan online through the following steps:
Fill the online loan application form on IIFL’s website or app and accept the terms and conditions. Submit your KYC and other documentation such as PAN, Aadhar and bank statements. Initiate and complete e-NACH (electronic mandate) for automatic deduction of EMIs from your bank account. Get the loan disbursed to your bank account within 24 hours of approval.

How can I calculate my EMI for IIFL Personal Loan?

You can use the personal loan EMI calculator on IIFL’s website or app to calculate your EMI for IIFL Personal Loan. You need to enter the loan amount, tenure and interest rate and the calculator will show you the total payment, interest payable and EMI amount.

What are the processing fee and other charges for IIFL Personal Loan?

The processing fee for IIFL Personal Loan ranges from 2% to 6% + GST (additional up to ₹500 will be charged as convenience fees) of the loan amount. There are no foreclosure or prepayment charges for IIFL Personal Loan.

How can I contact IIFL Customer Care for any queries or complaints regarding my personal loan?

ou can contact IIFL Customer Care through any of the following channels for any queries or complaints regarding your personal loan:
Call: +91-22-41035000 / +91-22-42499000 / +91-22-40077000 Email: reach@iifl.com Visit: www.iifl.com/contact-us”

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