IIFL Loans App

IIFL Loans is a must have mobile application for all India Infoline Finance Limited customers. This app will help you apply for loans and also provide a complete view of all your existing loans with us. The Application has been designed to offer a convenient login process , easy navigation and ease of usage.

 

With IIFL Loans app, you can

– Apply for loan with us
– View loan details of all your existing loans with us ( Gold Loan, Business Loans, Home Loans)
– Give detailed statement of accounts
– Pay your Loan Outstanding
– View Transaction History
– Get loan offers on our various products
– Refer & Win

 

Product Features for Personal Loan

1. Get loans ranging from INR 5,000 to INR 1,00,000
2. 100% online loan application process – Only few documents to be uploaded on the application
3. Disbursal within 24 hours
4. Minimum APR (Annual Percentage Rate) is 22% and the Maximum APR (Annual Percentage Rate) is 28%
5. Minimum Tenure is 3 months and Maximum Tenure is 12 months
6. Processing Fee is 2% – 4%
7. Get a higher loan on successful repayment

*The annual interest rates and processing fee will vary as per the risk profile of the customers and the selected tenure.

 

IIFL Loans Example

Loan Amount: ₹20,000
Tenure:180 days (6 months)
Interest Charged: ₹ 1,426 (24% per annum)
Processing Fee: ₹236 (1% of Loan Amount – ₹200 + GST @18% – ₹36)
Amount Disbursed: ₹19,764
EMI Amount: ₹ 3,571

Loan amount is ₹ 20,000. Disbursed amount is ₹ 19,764. Total loan repayment amount is ₹ 21,426.

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