You can apply instant IIFL Personal Loan online as the lender offers instant approval of a loan amount ranging up to 25 lakh. And the entire application, verification, and approval process are online.

Benefits That You Get When You Apply IIFL Personal Loan Online

  • You get collateral-free loans and the process is completely secure.
  • Minimal documents will be required to complete the application process.
  • IIFL offers express loan disbursal within 8 hours.
  • High loan quantum can be really helpful to manage financial needs.
  • The eKYC and eSign make the loan application process 100% paperless and contactless.
  • Customer support is guaranteed and the existing customers are happy with the lender’s services and assistance.

Loan Criteria and Charges

Loan Amount Up to 25 Lakh
Loan Tenure Up to 60 months
ROI 16% onwards
Processing Fee Up to 3% on the loan amount (GST applicable)
Penal Interest 24% p.a.
Foreclosure Charges 1st to 6th EMI- 7% (GST applicable)

7th to 24th EMI- 5% (GST applicable)

After 24th EMI- 4% (GST applicable)

Cheque/ACH swapping or return charges Rs. 500 (GST applicable)


Eligibility Criteria Required

To apply instant IIFL Personal Loan Online, you need to meet the following eligibility criteria.

  • You should be a salaried person.
  • Your net monthly income should be Rs. 35,000 or above.
  • Your age should be at least 25 years and a maximum of 60 years.
  • You should currently reside in Delhi and NCR, Mumbai, Thane, Vashi, Pune Bengaluru.
  • You should have at least 2 years of work experience and the age of your current employment should be of at least 6 months.

Documents Required

To apply instant IIFL Personal Loan Online, the following documents will be required for the eKYC.

  • You need to enter your Aadhaar number.
  • Your current salary slips (last 3 months).
  • Your latest bank statements (last 3 months).
  • Rent agreement (if the lender asks for so).


  • Are physical documents required if I apply instant IIFL Personal Loan Online?

If you apply IIFL Personal Loan online, then physical documents are not necessary for the application. To complete the eKYC, only the Aadhaar number, salary, slips, and bank statements will be sufficient.

  • What are the ways to repay the loan?

When you apply instant IIFL Personal Loan online, you get multiple options like ECS, NACH, RTGS, NEFT, etc, to repay the loan in easy EMIs.

  • How can I correct the contact information after the application?

For the applicants who apply instant IIFL Personal Loan online, they can correct the contact information by visiting the IIFL loan online portal. Or you can call at 1860 267 3000 or 703905000 to contact the customer care.