NBFC

IIFL Finance Loan Eligibility Criteria

What IIFL Finance asks for on personal, business loans - age, income, credit score, amounts, rates and documents - read from its own pages and labelled by how sure we are. Last verified 2 November 2026.

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How IIFL Finance tends to lend (our read): Small-ticket digital personal loans (up to Rs 5 lakh) and an unsecured business loan up to Rs 75 lakh with a published 700 score gate; home loans sit with the separate IIFL Home Finance entity. Lends in: Metro, Tier 2, Tier 3 / other locations.

IIFL Finance Personal Loan Eligibility

Official

According to IIFL Finance's own website. See the source card.

Age23 to 58 years (age when the loan ends); self-employed up to 65
Minimum income₹25,000 net per month; self-employed: ₹1,80,000 a year
Minimum credit score700 (CIBIL or equivalent)
EmploymentSalaried or self-employed
Work experience (salaried)2 years total, 1 year with the current employer
Business vintage (self-employed)3 years in business
Loan amount₹5,000 to ₹5,00,000
Tenure3 months to 42 months
Interest rate12% to 28% p.a.

Fees and charges

Processing fee up to 5% (another section of the page says 2%-9% + GST) plus a convenience fee up to Rs 500; NACH / e-mandate Rs 500 + GST if applicable; penal / late-payment charge 2% a month (24% a year).

Documents IIFL Finance lists

  • KYC
  • Income proof
  • Bank statements

Research notes

IIFL's personal-loan product page (checked live 25 Oct 2026) publishes age 23 to 58 at maturity, 2 years total experience with 1 year in the current company, Rs 25,000 minimum monthly income and CIBIL 700, and for self-employed applicants 3 years in business with Rs 5 lakh annual turnover; the older eligibility page gave salaried 23-60 and self-employed 25-65, which are kept for self-employed applicants only. Loans Rs 5,000 to Rs 5 lakh, rate 12-28% fixed (the calculator shows 12.75-44%), tenure 3-42 months (an FAQ says up to 7 years). The page currently shows a 'personal loan sourcing is currently unavailable' banner. The self-employed income floor is a nominal estimate.

Sources

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IIFL Finance Business Loan Eligibility

Inferred

By ClearToLend's estimate (not a rule IIFL Finance publishes). See the source card.

Age23 to 65 years (age when the loan ends)
Minimum credit score700 (CIBIL or equivalent)
Business vintage2 years or more
Annual turnover₹20,00,000 or more
Filed ITR1 year
Loan amount₹1,00,000 to ₹75,00,000
Tenure1 year to 3 years
Interest rate12% to 28% p.a.

Research notes

Re-tagged inferred because the vintage gate is FAQ-sourced: the FAQ asks for 6 months of operation in general and 2 years for sole proprietors, and the 2-year figure is applied. The eligibility page publishes self-employed applicants aged 23 to 65 with CIBIL 700+ and a business not on a negative list. The Rs 75 lakh cap, 1-3 year tenure and 12-28% rate come from the EMI calculator, not the eligibility page; minimum ticket and turnover are not published and the Rs 1 lakh floor and Rs 20 lakh turnover are estimates.

Sources

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ClearToLend is not affiliated with or endorsed by IIFL Finance. Criteria are taken from public sources as of 2 November 2026 and can change; confirm the current terms with IIFL Finance before you apply. A match is not a loan offer or approval.

IIFL Finance Loan FAQs

The minimum net monthly income is ₹25,000, according to IIFL Finance's own website, as checked on 2 November 2026. Lenders can ask for more depending on your city, employer and existing EMIs.

A credit score of 700 or above, according to IIFL Finance's own website. A higher score usually gets a better rate; the lender makes the final call after pulling your report.

You need to be at least 23 and no older than 58 when the loan ends, according to IIFL Finance's own website.

Rates run from 12% to 28% a year, according to IIFL Finance's own website. Your own rate depends on your credit score, income and employer.

A credit score of 700 or above, by ClearToLend's estimate (not a rule IIFL Finance publishes). A higher score usually gets a better rate; the lender makes the final call after pulling your report.

You need to be at least 23 and no older than 65 when the loan ends, by ClearToLend's estimate (not a rule IIFL Finance publishes).

Rates run from 12% to 28% a year, by ClearToLend's estimate (not a rule IIFL Finance publishes). Your own rate depends on your credit score, income and employer.

No. ClearToLend compares your details with IIFL Finance's published criteria without pulling your credit report, so nothing is recorded on your CIBIL file. ClearToLend is not affiliated with IIFL Finance and does not send your details to it.

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