IIFL Finance — review & key facts
Non-banking financial company (NBFC) · loans issued by IIFL Finance Limited
✓ Regulated entity identified
Fact sheetevery field shows its verification state — no silent blanks
Public name
IIFL Finance
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Legal lender
IIFL Finance Limited
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App ↔ entity relationship
—
∅ Not applicable
RBI evidence
FAQ section references 'Non-Banking Financial Institutions (NBFCs)' generically, without an IIFL-specific RBI-registration statement or number.
— Not disclosed
Loan amount
₹5,000 to ₹5,00,000
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Tenure
3 months to 42 months
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Interest & APR
12.75%–44% p.a. per main text; a separate rates section lists '12%–28% (Fixed)' — figures conflict.
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Processing fee
2%–9% + GST, plus up to ₹500 additional 'Convenience Fee'.
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Service fee
—
∅ Not applicable
Late-payment fee
2% per month (24% p.a.) on overdue amounts; NACH bounce charge ₹500 + GST.
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Prepayment / foreclosure
Page states foreclosure is possible but consult the lender; no specific charge percentage given.
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KFS
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— Not disclosed
Eligibility & KYC
Age 23–58; min monthly income ₹25,000 (salaried); min CIBIL 700; 2 years work experience, 1 year at current employer.
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Disbursal route
Direct transfer to the borrower's bank account following approval.
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Repayment route
EMI via NACH (auto-debit) or manual payment options.
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Grievance contact
Hardik Panchal (Principal Nodal Officer); regional nodal officers Charles Fernandes and Neelam Kadam · +91 22-4520-5810 / +91 22-6817-8410; +91 22-4103-5099 (PNO) · nodalofficer@iifl.com; pno@iifl.com
✓ Verified
Editorial assessment
IIFL Finance is a NBFC lending in its own name. Its official site publishes most of the core loan terms — compare the figures below against other lenders before applying. A grievance escalation contact is published on its official site.
Contact & registered office
Customer care1860-267-3000 / 7039-050-000
Emailcare@iifl.com
Registered officeIIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, Thane Industrial Area, Wagle Estate, Thane - 400604
Grievance & complaints
Grievance Redressal Officer: Hardik Panchal (Principal Nodal Officer); regional nodal officers Charles Fernandes and Neelam Kadam
Not resolved in 30 days? RBI Ombudsman route →Alternatives to compare
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Minimum personal loan amount is about Rs 50,000, while the maximum is up to ₹50 lakhs. · Tenure 1 to 7 Years (per EMI calculator tool) · Indicative range of Rate of Interest: 10% p.a. to 28% p.a.; also stated: Personal Loan Starting at 10.99%* p.a.
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