IBL : Instant Personal Loan 4.5

IBL is a brand of RBI registered NBFC, IBL Finance Pvt. Ltd., and fully adheres to RBI's Fair Practice Code. It is committed to promoting best practices in digital lending.

Interest and other applicable charges:

• Loan Amount: ₹ 2000 to ₹ 50,000
• Minimum Annual Percentage Rate (APR): 15%, Maximum Annual Percentage Rate (APR): 36%
• Minimum repayment period: 3 months, Maximum repayment period: 12 months
• Processing fee on personal loan app: ₹ 0 to ₹ 1500*
• Penalty is charged only when someone delays their scheduled payment.

*These numbers are for representation only and the final interest rate or processing fee may vary from one borrower to another depending on their credit assessment.

Example of the total cost of a loan:

If the loan amount is ₹40,000 & interest is 22% per annum with a tenure of 12 months, a processing fee of ₹750 will be charged. The interest for 12 months would come out to be ₹4,925. The EMI per month would be ₹3,744. This would translate to a maximum APR of 23.875%. The total cost of the loan will be ₹5,678. The total amount paid back including everything at the end of the term will be ₹45,678.

Features of IBL - Instant Personal Loan and Automatic Money Manager App:

• Wide range of easy instant loans to meet your financial needs
• Instant loan eligibility check
• Quick loan application process via online loan app
• Convenience of loan repayment through various payment channels
• No guarantors or collaterals needed
• 100% paperless loan application
• No salary slip or income proof required
• Get your loan instantly credited to your bank account
• Automatic income expense track - Money Manager
• Auto bank account balance tracker
• Auto credit card reporting

IBL is the best money manager and daily expense tracker to automatically and securely track your monthly spends. Stay within budget, pay bills on time, and save more every month. Find out how much you spend on food, shopping, groceries, etc. and how you are saving month on month.

If you are looking for an instant cash loan or personal loan, IBL is by your side. Its money you need, when you need it, whatever you may need it for. It's simple, completely transparent, and the very best online loan app in India.

Get an instant personal loan up to ₹50,000 with IBL. Know your loan eligibility in minutes and apply for a personal loan in a few simple steps without any collaterals or physical paperwork. Apply for a loan and get your easy cash loan transferred directly to your bank today.

Loan Eligibility:

• Indian resident
• Above 21 years of age
• Should have a monthly source of income

How to apply for an easy loan with IBL:

• Install the IBL app
• Register through Mobile Number and OTP
• Fill your basic details to know your instant loan eligibility
• Submit KYC documents and apply for a quick loan.
• Once the application is approved, we transfer the loan directly to your bank account.

Documents required to apply for a loan:

• Selfie
• PAN card
• Aadhaar card

Benefits and Risks:

1. Get access to higher amounts and tenures as you repay on time
2. As a compliance requirement, your payment behavior is shared with credit rating agencies. Based on that, your credit score may increase/decrease.

Contact Us:

For help or any other details about our instant personal loans, you may write to us at [email protected]

Address:

IBL Finance Pvt. Ltd.
6025, World Trade Centre, Nr. Udhana Darwaja, Ring Road, Surat, Gujarat-395002.