Nowadays, we can’t say when we may fall short of money but there are some financers are available in the market which are providing personal loans with really competitive interest rates and amazing repayment options.
Similarly, Personal Loan giving by IIFL lies under this category that is facilitating with lots of customization as per the user’s need. Also, you will be allowed to foreclose the loan after the 12 EMI’s without foreclosure charges.
| Part Pre-Payment Facility | N/A |
| APR (Annual Percentage Rate) | 13% |
| Loan Tenure | 1 to 5 Years |
| Charges for Loan Processing | 2% Excluding GST |
| Late Payment Charges | Up to 6% |
| Charges for Foreclosure | After 6 Months Allowed, Between 7 to 12 Months – 5% to 6% and after 1 Year – Nil |
| Charges for Part-Payment | Not allowed |
| Loan Amount (Maximum) | 25 Lakh |
Profile of IIFL Finance Limited
Industry Type: Financial Services
Sector: Finance
IIFL or we can say India Infoline is a Mumbai, India based financial services company which came into existence in 1995. IIFL is mainly focused on financial services including mortgages and loans and considered as one of the leading companies in this sector.
IIFL is providing different types of loans including home loan, business loan, gold loan, loan against property, finance for small and medium enterprises, construction and development finance, capital market finance and much more.