IIFL Personal Loan 2021

An IIFL personal loan is meant to overcome the unpredicted financial crunches at any point in your life. Personal loans are processed and disbursed quickly. Moreover, they do not require any collateral. The loan amount can be utilized for the purpose of purchasing assets or any other financial needs. IIFL provides easy and hassle-free personal loans to individuals with competitive interest rate. IIFL provides you with a Personal Loan EMI calculator tool, through which you can check your eligibility for availing of a personal loan.

IIFL Personal Loan- Interest Rate, Repayment Tenure, Processing Fee

IIFL Personal Loan- Eligibility criteria:

• Salaried individual residing in Delhi/NCR, Thane, Mumbai, Bengaluru, Pune and Vashi are eligible for IIFL Personal Loan. If you are looking for a Personal Loan in Delhi, then IIFL Personal Loan is the best option as they are providing best-in-class interest rates to individuals who are residing in Delhi.

• The age of the applicant availing IIFL Personal loan should be between 25 to 60 years.

• Individuals can avail of the loan amount up to INR 25 Lakhs.

• Eligibility and EMI calculator- You can easily calculate your IIFL Personal Loan eligibility and IIFL personal loan EMI amount using utility tools like the IIFL EMI calculator at Afinoz.com. These tools help you to determine your EMI and total interest you need to pay.

• CIBIL score- Credit score is an important factor as it determines your worthiness of availing of a personal loan. Your interest rate is totally depended on the credit score of yours, if your credit score is good, you will get a low-interest rate and if you have a poor credit score, you will get higher interest rate with other unfavorable terms and condition. We would always suggest you keep improving your credit score.

IIFL Personal Loan- Documents Required:

• Aadhar Number

• PAN Card

• Electricity Bill

• Latest Bank Statement

• Latest salary slip

IIFL Personal Loan- Features and Benefits:

• Affordable Rate of Interest- IIFL personal Loan offers a competitive Rate of interest starting from 13% per annum.

• No collateral required- You no need to provide any collateral or security for availing IIFL personal Loan.

• Flexible Repayment options- IIFL Personal Loan provides flexible tenure starting from 12 to 60 months.

• Quick processing and disbursal- since, the application of loan is online, it reduces the time period of loan processing. Hence, after the processing, your loan gets approved and the amount will get disbursed in the bank account within few hours.

Multipurpose Personal Loan- IIFL Personal Loan can be utilized in many ways such as wedding expense, home renovation, traveling, emergency medical funds, or for education also. Comparison of IIFL Personal Loan with other Lenders-

IIFL Personal Loan EMI calculator-

IIFL Personal Loan EMI Calculator is one of the simplest and easy methods made available to its customers. This feature ensures that the customers can make suitable choices according to their needs before applying for the Personal Loan. The IIFL Personal Loan EMI Calculator includes the processing fees, the anticipated rate of interest, and the tenure for which the amount of loan is to be availed.

The EMI calculator will ask about the amount you wish to borrow and the total number of months over which the amount is to be repaid, on the basis of this information the calculator will provide various applicable monthly installments varying according to the tenure of the loan repayment.

Conclusion-

To conclude, IIFL Personal Loan is one of the best personal loans available in the market. However, it is always advisable to do research before applying for the Personal Loan and check for the best Interest rate for personal loan.