India Infoline Finance Personal Loan

 

About India Infoline Finance Personal Loan

India Infoline Finance or IIFL as it is popularly known as these days, is an Indian financial services company which is headquartered in Mumbai. They are ranked amongst the top seven Indian financial conglomerates and are the best independent financial services company in India (in terms of market capitalization). Having more than 3.5 million satisfied customers all over the country, India Infoline Finance have firmly established themselves as a reputed Nonbanking Financial Company.

India Infoline Finance personal loan’s USP is that the sanctioned loan amount can be credited into your account in a matter of only 8 hours. They complete the entire process online, with eKYC and eSign done through your Aadhaar number. Below-provided are details on India Infoline Finance personal loan eligibility criteria, features and applicable charges.

Personal Loan Eligibility Criteria for Salaried / Self-Employed

India Infoline Finance personal loan can only be availed by salaried individuals who have a monthly income of at least INR 35,000. The applicant must be aged between 25 years and 60 years, and reside in any of the following cities: Mumbai, Pune, Bengaluru or Delhi/NCR. In addition, s/he should have been working in his/her current organization for a minimum time period of six months, with a total work experience of minimum two years. The applicant’s eligibility is mainly checked on three parameters: Where s/he works? What is his/her net monthly salary? And what are his/her current EMIs? Following are more up-to-date details on India Infoline Finance personal loan eligibility criteria.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income (Doctors/ Chartered Accountants)

4k – 65k

Minimum Income (Company Secretary / Architect)

4k – 65k

Minimum Income Self Employed (Businessman)

India Infoline Finance Personal Loan Features / Details

You can avail an India Infoline Finance personal loan of up to INR 25 lakh within just 8 hours. The repayment tenure of the loan can be anywhere from 12 months to 60 months depending upon your convenience and repayment capacity. The loan can be for any purpose like a wedding, international/domestic travel, education, home renovation etc. India Infoline promises personal loan approval with hassle-free and minimum documentation. The entire process can be completed online and you can even include a co-applicant in your application in order to get a better deal.

18.25%

Interest Rate (Min)

Upto XX Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

India Infoline Finance Personal Loan Fees / Charges

India Infoline Finance personal loan involves a processing charge of up to 2% of the approved loan amount (plus GST). They happily allow repayment of loans after 6 months without the need of paying any prepayment fees. Various other charges like late payment fee, cheque bounce charges, cheque swapping charges, document retrieval charges, ECS dishonour penalty, foreclosure charges etc. might apply. Updated details of all these charges have been provided below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees