IIFL Finance Personal Loan EMI Calculator
Calculate your monthly EMI for IIFL Finance personal loans at 12.75%-44% interest for amounts up to ₹5,00,000.
₹
₹5,000₹5,00,000
%
12.8%44.0%
3 Mo60 Mo
Monthly EMI
₹9,485
Total Interest
₹27,638
Total Payment
₹2,27,638
Monthly EMI
₹9,485
Principal Amount
₹2,00,000 (87.9%)
Total Interest
₹27,638 (12.1%)
Amortization Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹93,666 | ₹20,154 | ₹1,13,820 | ₹1,06,334 |
| Year 2 | ₹1,06,334 | ₹7,486 | ₹1,13,820 | ₹0 |
IIFL Finance Personal Loan at a Glance
Interest Rate
12.75%
to 44%
Max Amount
₹5,00,000
min ₹5,000
Min CIBIL
600
minimum score
Tenure
Up to 60 mo
min 3 months
IIFL Finance Loan Details
| Interest Rate | 12.75% — 44% p.a. |
| Loan Amount | ₹5,000 to ₹5,00,000 |
| Tenure | 3 to 60 months |
| Processing Fee | Up to 3% |
| Prepayment Charges | 2% of outstanding |
| Min CIBIL Score | 600+ |
| Min Monthly Salary | ₹12,000 |
| Age Requirement | 21 to 65 years |
| Employment Types | Salaried, Self-employed |
| Disbursal Time | 24 hours |
EMI Example: ₹2,00,000 at 12.75%
Loan Amount: ₹2,00,000
Interest Rate: 12.75% p.a. (best rate)
Tenure: 24 months
Monthly EMI: ₹9,485
Total Interest: ₹27,640
Total Payment: ₹2,27,640
Pros
- +Accepts 600+ CIBIL
- +Low minimum salary (₹12,000)
- +Strong Tier 3 reach
- +Small loans from ₹5,000
Cons
- -High rates for low CIBIL
IIFL Finance EMI Calculator — FAQs
What is the EMI for a IIFL Finance personal loan?
For a ₹2,00,000 loan at 12.75% interest for 24 months, the EMI would be approximately ₹9,485 per month. Total interest payable would be ₹27,640. Use the calculator above to try different amounts and tenures.
What interest rate does IIFL Finance charge on personal loans?
IIFL Finance charges personal loan interest rates starting from 12.75% p.a. going up to 44% p.a. The actual rate depends on your credit score, income, employment type, and existing obligations. A CIBIL score of 750+ typically gets you rates closer to the lower end.
What is the minimum CIBIL score for a IIFL Finance personal loan?
The minimum CIBIL score required for a IIFL Finance personal loan is 600. A higher score (750+) will help you get a lower interest rate and better terms.
Can I prepay my IIFL Finance personal loan early?
IIFL Finance's prepayment policy: 2% of outstanding. Prepaying your loan reduces the outstanding principal and can save you significant interest over the remaining tenure. Use the calculator to see how much you can save.
How fast does IIFL Finance disburse personal loans?
IIFL Finance typically disburses personal loans within 24 hours. Disbursal time depends on document verification, KYC completion, and your profile. Existing IIFL Finance customers may get faster disbursal through pre-approved offers.
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Calculate EMI →Compare IIFL Finance with 14 other lenders — automatically
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