Hello Friends today we will discuss about iifl personal loan. In our life all of us need money. But for middle class families it is quite hard to have big amount of money. So for that they took loan. Iifl also offer you a personal loan by which use can do your works. So if you want to know about the IIFL personal loan, its interest rate,eligibility and various benefits so connect with still end. In this post we will discuss about all these characteristics ofl personal loan so stay tuned with us.
IIFL Personal Loan is Easy to Get Without More Documentation
Indian Infoline (IIFL) Finance offers personal loans @ 12.75% p.a. onwards for loan amounts of up to Rs 5 lakh. In this loan you get tenures of up to 42 months. It also have very minimum documentation. So the process of taking loan from IIFL finance is very easy and comfortable. Iifl instant personal loan approval in just 5 minutes and express loan disbursal within 8 hours. For this loan the Processing Fee Is Upto 2% – 6% + GST* (Additional Upto ₹500 will be charged as Convenience fee). There are no pre payment charges for the personal loan. For this loan your monthly income must be atleast 23000 per month.
IIFL Personal Loan Eligibility Criteria
1. For Salaried Person
The Minimum age at the time of loan application is must be 23 years and the
Maximum age at the time of loan maturity is 60 years or retirement age, whichever is earlier.
2. For Self-employed person
If we discuss about self employment person eligibility criteria for IIFL personal loan The Minimum age at the time of loan application must be 25 years and the
Maximum age at the time of loan maturity must be 65 years. Business vintage of at least 3 years.
Documents Needed for Personal Loan Application
- Selfie
- Address Proof (Aadhar Card/Driving License)
- ID Proof (PAN Card)
- 6-12 months bank statement for current account and savings account.
Benefits of IIFL Personal Loan
If we talk about the benefits of IIFL personal loan With an IIFL Personal Loan you experience the liberty of using your loan amount for any purpose you want. it can be renovating your home, planning a dream vacation, or managing unexpected expenses, the choice is entirely yours. There are no any limitations on how you can use your money. One of the biggest benefit of choosing an IIFL Personal Loan apply online is the ‘No Collateral’ feature. This means you don’t have to pledge any assets to protect your loan. Whether you’re a tenant or an asset owner, you have equal right to get financial aid without any stress. The process of taking loan from IIFL is also very easy and comfortable. You can get the loan without very much documentation.
The process of taking loan from IIFL is very smooth
The simple and straightforward process ensures your loan journey is smooth and stress-free and leading you quickly to your financial aids. If you want money in urgent IIFL’s quick personal loan is best option. The disbursal process ensures that you get the financial support you need, exactly when you require it. Fast processing and disbursal mean you won’t have to wait long to receive your funds.
IIFL Finance Personal Loan EMI Calculation
When you apply for an IIFL Finance Personal Loan, understanding your monthly repayment amount is crucial for effective financial planning. The EMI (Equated Monthly Installment) is fixed by three key factors: the loan amount, the interest rate, and the loan tenure.
How to Apply for an IIFL Personal Loan via MyMoneyMantra
- Applying for an IIFL Personal Loan by MyMoneyMantra involves a user-friendly process. For this application of loan you have to go the apply oage of the website.
- After this you have to fill the application form.
- In this application from you requires to add all the necessary details such as your name, contact information, employment details, income, and the loan amount you wish to apply for.
- After filling this information you will need to upload the necessary documents. These typically include ID proof, address proof, income statements, and any other documents that IIFL may require for the loan application.
- Once your application is submitted, MyMoneyMantra will process it and present it to IIFL.
- After this your application and documents IIFL will review by Iifl. If you are eligible according to their eligibility criteria, they will provide you with a loan offer, which includes details like the loan amount, interest rate, tenurs etc.
- If you are happy with the loan offer, you can take it. This may involve signing a loan agreement and providing any additional information or documents that IIFL may need.
- Once everything is finalized and approved by IIFL, the loan amount will be transferred to your bank account. The time taken for disbursal can vary but is usually quite fast.
So by this easy process you can get Personal loan by iifl and complete your works which are pending due to lack of money.