IVL Finance Limited Personal Loan
With IVL Finance personal loan, you can get a loan amount of up to Rs. 15 Lakhs at attractive interest rates starting from just 13.99% p.a. Onwards. The tenure to repay the loan can be a maximum of up to 2 years. IVL Finance offers various types of personal loans such as a wedding loan, travel loans, two-wheeler loans, used car loans, and medical loans.
About IVL Finance Limited
Indiabulls Ventures Limited (IVL) is a financial services company that provides securities and derivative broking services. Indiabulls Ventures Limited Finance Limited (IVLFL) is a wholly-owned subsidiary of IVL, which is a part of Indiabulls Group. The Group has vast experience in the lending business. The company began its lending operation in FY2018 and is involved in providing IVL Finance Limited personal loans and funding to small and medium enterprises (SMEs).
IVL Finance Limited Personal Loan Features & Benefits
IVL Finance Ltd personal loan offers various attractive features and benefits. Some of them are mentioned below:
- You can avail of Rs. 1,000 to Rs. 15 Lakhs Loan as Indiabulls IVL Finance personal loan amount.
- The tenure of repayment ranges from 3 months to 24 months.
- The personal loan interest rates are affordable and start from as low as 13.99% p.a.
- IVL also offers pre-approved instant personal loans for select existing customers.
- The entire loan application process is completely online, and you can view the IVL Finance Ltd personal loan status online.
- IVL transfers money into your bank account instantly after successful loan approval.
- The processing fee for the loan is 3% onwards.
IVL Finance Limited Personal Loan Interest Rates
The interest rate for IVL Finance personal loan starts from 13.99% p.a. onwards. Various factors usually affect personal loan interest rates, such as the borrower’s age, credit score, monthly income, job profile, loan repayment history, and so on. Borrowers with a high income and excellent credit score usually get low interest rates on personal loans.
Comparison of IVL Finance Limited Personal Loan Interest Rates with Other Lenders
| Name of the Lender | Rate of Interest (p.a.) |
|---|---|
| IVL Finance Limited | 13.99% p.a. onwards |
| HDFC Bank | 10.25% - 21% |
| SBI | 10.30% - 13.60% |
| ICICI Bank | 10.75% - 19% |
| Axis Bank | 10.25% - 21% |
| Kotak Mahindra Bank | 10.99% onwards |
| IndusInd Bank | 10.49% - 29.50% |
| IDFC First Bank | 10.49% - 25% |
| Bajaj Finserv | 13% onwards |
| Tata Capital | 10.99% onwards |
IVL Finance Limited Personal Loan Fees & Charges
| Type of Charges | Amount |
|---|---|
| Processing fees | 3% of the loan amount onwards |
| Foreclosure & prepayment charges | 5% of the prepayment amount |
| EMI bounce charges |
|
| Stamp duty charges | As per the applicable laws |
| Duplicate NOC | Rs. 500 per request |
| Repayment mandate or instrument swapping charges | Rs. 500 per request |
| Charges for loan cancellation | Rs. 3,000 |
| Loan rebooking charges | Rs. 1,500 |
| Duplicate repayment schedule | Rs. 500 |
| IVL Finance Limited personal loan statement charges | Rs. 500 |
Eligibility Criteria for IVL Finance Limited Personal Loan
IVL Finance offers Personal Loans to Salaried as well as self-employed individuals. While the lender has not stated the minimum credit score and monthly income requirements clearly, like most lenders, it is likely to factor in the CIBIL score, employer’s profile, monthly income, EMI/NMI ratio, and other eligibility factors of personal loan applicants for evaluating their personal loan eligibility.
Documents Required for IVL Finance Limited Personal Loan Application
You will be required to submit the following key documents required to apply for an IVL Finance personal loan:
- PAN Card
- Address proof like Voter ID card, Ration card, utility bills, etc.
FAQs
The full form of IVL Finance is Indiabulls Ventures Limited Finance.
The Dhani app is developed by IVL Finance Limited, which is a wholly-owned subsidiary of Indiabulls Ventures. Dhani is an app for instant personal loan disbursals based on the unique Aadhar number of the customer linked to their bank account and their PAN.
Go to the ‘Recharge & Bills’ section to pay through IVL Finance.
Yes, taking a personal loan from IVL Finance is safe and easy. The lender keeps your data and personal information confidential and secure.
You can reach IVL customer care number by calling their 24x7 helpline number 1860-419-3333.