Wednesday, February 8, 2023

IVL Finance Limited Personal Loan: Interest Rate @1.16%

IVL Finance Limited Personal Loan is available at an attractive interest rate with flexible tenors and minimum documentation. If you are looking for a personal loan, you can get an instant personal loan online of up to ₹15 lacks at an interest rate starting from just 1.16% per month (13.99% per annum). The loan repayment period can be up to a maximum of 24 months.

IVL Finance Limited offers a wide range of personal loans: such as marriage loans, vehicle loans, travel loans, used car loans, etc. Here we will tell you in detail about the IVL Finance ltd personal loan features, benefits, and charges so that you do not face any problems in availing of the loan.

IVL Finance Limited Personal Loan Review

IVL Personal Loan Interest RateCompetitive Interest Starting from 13.99% p.a.
Loan AmountMaximum Loan up to ₹15 lacks
Loan Tenure3 to 24 months
Processing fee3% on the Personal Loan Amount + GST
Employment TypeSalaried and Self-employed
CIBIL Score RequiredA good CIBIL Score Requires 720+
IVL Finance Limited Customer Care Number1860-419-3333

IVL Finance Limited Personal Loan Interest Rates

IVL Finance Limited provides personal loans to people under various schemes. IVL Finance Limited offers Personal Loans up to ₹15 Lakhs to its customers at the lowest interest rate of 13.99% p.a. Here, the interest rate is decided based on repayment history, income structure, credit score, age, etc., which may differ from one customer to another.

Comparison of IVL Finance Limited Personal Loan Interest Rates with Other Lenders

Name of the LenderRate of Interest (p.a.)
IIFL Finance Personal Loan12.75% to 33.75%
Home Credit12% to 36%
Bajaj Finance13% to 26%
Axis Bank10.99% to 21%
Bank of Baroda10.70 to 14.20%
EarlySalary App12% to 30%
IDFC First Bank10.49% to 24%
IndusInd Bank10.49% to 26.50%
Kotak Mahindra Bank10.99% to 19.20%
IVL Finance Limited Personal Loan13.99% p.a. Onwards
Tata Capital10.99% to 21%
L&T Finance11% to 19%

Factor affecting IVL Finance ltd personal loan interest rates

Age of the applicant: The interest charged on the personal loan can be more or less according to our Age. Younger applicants have to pay less interest as the risk involved is less, and older applicants may have to pay higher interest as the risk involved is more.

CIBIL Score: The credit score of the applicant is taken into consideration before determining the personal loan interest rate. If the applicant has a low CIBIL score and has failed to repay his previous loans or credit card bills on time, the interest will be determined higher.

Loan Tenure: In most cases, the loan repayment tenure is chosen by the applicant. The option is in the hands of the applicant as to when he will repay the loan. The longer the tenure of the personal loan, the higher the interest.

Higher Loan amount: The interest charged on the personal loan is decided according to the amount you get. You are charged a lower interest rate if you apply for a higher loan amount.

Features of IVL Finance Limited Personal Loan

IVL Finance Limited Personal Loan

Indiabulls Ventures Limited (IVL) is a financial services company providing securities and derivatives broking services. Indiabulls Ventures Limited Finance Limited (IVFLL) is a wholly owned subsidiary of IVL, a part of the Indiabulls Group.

IVL Finance Limited Personal loan is a registered NBFC (Non-banking Financial Institution). If you want to Personal loan, you can check offers online. You can get a personal loan from IVL Finance ltd with a few documents.

Loan Amount: You can get an instant personal loan from 1000 to ₹15 Lakhs at reasonable interest rates. You can use this amount for financial needs, like family marriage, vehicle purchase, home renovation, etc.

Low-interest rate: Here you get a personal loan of up to ₹15 Lakhs at an interest rate of 13.99%.

Processing Fee: The processing fee is charged by the bank/NBFC taking the personal loan. The processing fee for this loan is 3% of the loan amount Onwards.

Register NBFC: Any financial institution is called a registered NBFC only when it follows the guidelines of RBI. IVL Finance Limited is a registered NBFC.

Digital Process: The IVL Finance Personal Loan process of applying is fully digital. You don’t even have to submit any document to the manual. The company has kept the entire loan application process 100% digital.

Long Tenure: Loan tenure starts from 3 to 24 months based on your loan amount. The final tenure will be decided by the IVL Persona Loan team as per your eligible loan amount, interest rate, and credit profile.

Quick Eligibility Check: You can check your eligibility to apply for Personal Loan in just 2 minutes. Thereby you get to know about the loan-eligible loan amount and tenure time.

Types of IVL Finance Limited Personal Loans

IVL Finance Limited offers a variety of personal loans to meet your financial needs, be it paying for higher education, wedding expenses, medical bills, flight tickets, home renovation, and any other major purchase.

Personal Loan for Education: Fulfil the education-related goals in your life with his hassle-free instant personal loan.

Medical Expenses: Face unexpected situations with a smile through low-interest personal loans.

Personal Loan for Home Renovation: Give your home a facelift by renovating it to perfection.

Wedding Loan: Make that dream wedding a reality with an instant online application process.

Eligibility Criteria for IVL Finance Limited Personal Loan

You must check the eligibility criteria before applying for any loan. If you are eligible for that loan, then only you should apply for that loan because repeatedly applying for loans affects your credit score.

  • The age of applicant should be between 21 to 65 years.
  • The applicants must have a monthly income source.
  • Applicant must have citizenship of India.
  • Selfie

Documents Required for IVL Finance Personal Loan

  • PAN (Permanent Account Number) Card
  • The mobile number must be linked with an Aadhaar card.
  • Last 3 months’ salary slips
  • Statement of account for last 6-12 months of Bank.
  • Income Tax Return – last 1 year for applicants, 26 AS, Traces

Tips to Improve Personal Loan Eligibility:

A high salary and credit score also improve your loan eligibility. Furthermore, there are certain steps you can take to ensure that your loan application is approved faster.

Maintain a healthy credit score: The higher your credit score, the higher your loan eligibility. Generally, a credit score of 750 and above is considered healthy by any of the credit bureaus. The bank sees you as a good customer and may also offer you a competitive interest rate.

Keep your EMIs within a limit: The total EMI of your existing loan should not exceed 40% of your take-home salary.

Avoid applying for multiple loans or credit cards: This will bring down your credit score as you will be seen as credit hungry. Therefore, you should apply for a loan or credit card only when necessary.

Don’t default on EMIs or delay your credit card payments: If you have existing loans, make sure to pay EMIs on time.

How to Apply for IVL Finance Ltd Personal Loan Online?

  • Visit the official website of IVL to apply for a personal loan.
  • Click on the Apply Now button and fill out the online application form.
  • Upload all the documents asked by IVL and click on submit.
  • Once your application is approved, the IVL finance ltd team will contact you for verification. The amount will be transferred to your bank account once the verification process is complete.

You can also visit any IVL branch near you to apply for a personal loan, and you will need to submit the loan form along with the required documents.

IVL Finance Limited Personal Loan Fees & Charges

Type of ChargesAmount
Interest RateCompetitive Interest Starting from 13.99% p.a.
Processing Fees3% of the loan amount Onwards.
Foreclosure Charges5% of the prepayment loan amount
EMI Bounce chargesRs 400 per bounce for salaried
Rs 750 per bounce for Self-employed
Late Payment penalty3% per month
Stamp DutyAs per the applicable state laws
Duplicate NOCRs 500 per request
Duplicate repayment scheduleRs 500
Loan Statement ChargesRs 500

IVL Finance limited Online Payment

Online: You can pay your loan EMIs online quickly. You can use NEFT, UPI, etc., and pay your EMIs online. Enjoy the convenience of paying directly from your bank account with auto loan facilities.

Mobile Apps: Paying your loan is now in your hands. You can repay your monthly EMIs using IVL’s official mobile application on your mobile phone.

IVL Finance Limited Personal Loan Customer Care Number

For any support, information, or assistance regarding the IVL Personal Loan, you can reach their support team at the customer care number: 1860-419-333

Or, you can raise an online request at IVL Finance’s official website or visit the nearest IVL Finance limited branch.

FAQ:

What is a Personal Loan?

Personal loans help you to borrow money for a price of a personal nature – be it for some other requirement such as an emergency, education, family marriage, or home renovation. With the IVL Finance Limited Personal Loan, with various loans ranging from 1000 to 15 Lakh, you can enjoy a minimum interest rate starting from 13.99% per annum with flexible functions ranging from 3 to 24 Months.

What is the EMI for a 2.5 lakhs IVL Finance Personal loan?

The EMI amount will vary based on loan tenures and desired interest rates. You can use the EMI interest calculator to determine how much EMI you will need to pay for the 2.5 Lakh loan by selecting the loan tenure and interest rates.

What is the loan tenure?

Loan tenure starts from 3 to 24 months based on your loan amount. The final tenure will be decided by the IVL Finance ltd Persona Loan team as per your eligible loan amount, interest rate, and credit profile.

What are the interest rates offered?

Your interest rate depends on your profile, credit history, and multiple aspects. Interest usually varies between 13.99% – 36%.

How do I pay the EMIs for my IVL Finance limited Personal Loan?

You can pay the EMIs for your IVL Personal Loan through monthly EMIs which will be debited from your salary account through ECS or NACH.

Do I need to provide physical copies of my documents for my IVL Finance Personal Loan application?

No, IVL offers personal loans against minimal documentation that can be submitted online. You can scan and submit digital copies of your documents for the application process.

Can I prepay my IVL Personal Loan?

Yes, you can repay your IVL (Indiabulls Ventures Limited) Personal Loan after the first 6 installments. IVL accepts payments through its online portal. You can make the payment through RTGS or NEFT.

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