IIFL Finance Ltd Car Loan

• Competitive interest rates
• Simple and transparent loan process
• High loan-to-value ratio
• Minimal documentation required
• No hidden charges or fees

• Loan tenure of up to 7 years
• Funding up to 100% of the car's on-road price
• Flexible repayment options
• Quick and hassle-free loan disbursal process
• No prepayment charges for individual borrowers
• Doorstep service for document collection

• ID proof (Aadhaar card, passport, driving license, voter ID card)
• Address proof (Aadhaar card, passport, driving license, voter ID card, utility bills)
• Income proof (salary slips, bank statements, income tax returns)
• Car-related documents (purchase invoice, registration certificate, insurance policy)

1.What is the maximum loan amount that I can get for a car loan from IIFL Finance Ltd?

The maximum loan amount for a car loan from IIFL Finance Ltd varies depending on the value of the car, your income, credit score, and other factors. However, you can get up to 100% of the on-road price of the car as a loan amount.

2.What is the minimum and maximum tenure for a car loan from IIFL Finance Ltd?

The minimum tenure for a car loan from IIFL Finance Ltd is 12 months, while the maximum tenure is 60 months.

3.What is the minimum and maximum age limit to apply for a car loan from IIFL Finance Ltd?

The minimum age limit to apply for a car loan from IIFL Finance Ltd is 21 years, while the maximum age limit is 60 years at the time of loan maturity.

4.Can I prepay my car loan from IIFL Finance Ltd? Are there any charges for prepayment?

Yes, you can prepay your car loan from IIFL Finance Ltd. There are no charges for prepayment if you prepay your loan from your own sources. However, if you prepay your loan with funds borrowed from any other financial institution, then you will have to pay a prepayment penalty.

5.What are the interest rates for a car loan from IIFL Finance Ltd?

The interest rates for a car loan from IIFL Finance Ltd vary depending on the loan amount, tenure, and other factors. Typically, the interest rates range from 10% to 14% per annum.

6.Can I get a car loan from IIFL Finance Ltd for a used car?

Yes, you can get a car loan from IIFL Finance Ltd for a used car. However, the maximum loan amount and tenure may vary depending on the age and condition of the car.

7.What documents do I need to submit to apply for a car loan from IIFL Finance Ltd?

The documents required to apply for a car loan from IIFL Finance Ltd include identity proof, address proof, income proof, bank statements, and other documents related to the car purchase. The specific list of documents may vary depending on your profile and the loan amount.