Indian Infoline (IIFL) Finance offers personal loans @ 12.75% p.a. onwards for loan amounts of up to Rs 5 lakh and for tenures of up to 42 months. It also offers minimum documentation, instant personal loan approval in just 5 minutes and express loan disbursal within 8 hours. Read on to know more about Indian Infoline Finance Personal Loan.
| Indian Infoline Finance Personal Loan Highlights | |
| Interest Rates | 12.75%-44% p.a. |
| Loan Amount | Up to Rs 5 lakh |
| Tenure | Up to 42 months |
| Processing Charges | Up to 2%-6% of loan amount |
| Prepayment charges | NIL |
| Minimum Monthly Salary | Rs 22,000 onwards |
Indian Infoline Finance Personal Loan Interest Rates
| Minimum Interest Rate | 12.75% p.a. |
| Maximum Interest Rate | 44% p.a. |
Indian Infoline Finance Personal Loan Fees and Charges
| Processing Fee | Up to 2%-6% of loan amount |
| Penal Charges, late payment, Defaults of any money payable | 2% compounded monthly |
| Prepayment Charges | NIL (allowed only after 6 months of repayment) |
Eligibility Criteria for Indian Infoline Finance Personal Loan
For Salaried:
- Minimum age at the time of loan application: 23 years
- Maximum age at the time of loan maturity: 60 years or retirement age, whichever is earlier
For Self-employed:
- Minimum age at the time of loan application: 25 years
- Maximum age at the time of loan maturity: 65 years
- Business vintage of at least 3 years
Documents Required for Personal Loan Application
The following documents are required to avail the personal loan:
- Selfie
- Address Proof (Aadhar Card/Driving License)
- ID Proof (PAN Card)
- 6-12 months bank statement for current account and savings account
Personal Loan Interest Rates offered by Top Banks/NBFCs
| Banks/NBFCs | Interest Rates(p.a.) | |
| Axis Bank | 10.49% onwards | Apply Now |
| indusind bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.75% onwards | Apply Now |
| HDFC Bank | 10.50% onwards | Apply Now |
| ICICI Bank | 10.80% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Federal Bank | 11.49% onwards | Apply Now |
| DMI Finance | 12.00% – 40.00% | Apply Now |
| L&T Finance | 12.00% onwards | Apply Now |
| Kreditbee | 16.00% – 29.95% | Apply Now |
| MoneyTap | 13.00% onwards | Apply Now |
| Piramal Finance | 12.99% onwards | Apply Now |
| Aditya Birla | 13.00% onwards | Apply Now |
| Moneyview | 15.96% onwards | Apply Now |
| Cashe | 27.00% onwards | Apply Now |
FAQ Questions and Answers
Indian Infoline Finance offers personal loans ranging from Rs 50,000 to Rs 5 lakh.
The interest rates for Indian Infoline Finance personal loans start from 12.75% per annum and can go up to 44% per annum.
Salaried individuals must be between 23 to 60 years of age at the time of loan maturity, with a minimum monthly salary of Rs 22,000.
Yes, Indian Infoline Finance charges a processing fee ranging from 2% to 6% of the loan amount.
Self-employed individuals must be between 25 to 65 years of age at the time of loan maturity, with a business vintage of at least 3 years.
