IIFL Finance will never request any extra fees during the loan process. All applicable charges are explained at the branch before signing and listed on the Interest Rates and Charges page.IIFL Finance will never request any extra fees during the loan process. All applicable charges are explained at the branch before signing and listed on the Interest Rates and Charges page.
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Digital Finance

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IIFL Digital Finance

Digital Finance Rates & Charges

This product is offered to customers through aggregators in the e-commerce space. The process is simple and loan is processed very quickly. Given below is the list of fees and charges for Digital Finance:

  • Rate of Interest

    Upto 28% p.a.*

    * effective from July 01, 2025

  • Loan Processing Charges

    Upto 5% p.a.*

    * effective from Sep 01, 2024

  • FORECLOSURE CHARGES

    NIL

  • PENAL / DEFAULT CHARGES

    (To be charged in case of any failure to make timely payments)

    24% p.a. + GST (if applicable)

  • Nach / e-mandate bounce Charges (In Rupees)

    ₹ 500/ + GST (if applicable)

  • Bank Swapping Charges

    Rs.500 + GST (If applicable)

  • Other Charges (NESL Reporting)

    As Applicable* + GST

    These charges shall be charged annually in accordance with the fee schedule provided by NESL and are subject to change by NESL.

  • Document Charges + GST (in Rupees)

    NIL

    *Only applicable for Loan serviced by Lendingkart Finance Limited

  • Cooling-off Period

    7 Days

    The borrower shall have the explicit option to exit the digital loan during the initial “cooling-off period” by repaying the principal along with the proportionate APR, without any penalty. In case the customer exits the loan during the cooling-off period, the Company may retain a reasonable one-time processing fee.

*Note:

All charges, interest, tax, fee, GST and all other imposts, taxes, levies etc. as prescribed by any statutory/regulatory bodies from time to time shall be solely borne by the borrower. The above mentioned charges, fees, GST etc are as on date of the loan agreement and other transaction documents and the charges above stated are subject to change from time to time.