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 loan, two wheeler loan, used car loan, and medical loan.
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 ltd personal loan offers various attractive features and benefits. Some of them are mentioned below:
The interest rate for IVL Finance personal loan starts from 13.99% p.a. onwards. There are various factors that 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 Personal Loan||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|
|Type of Charges||Amount|
|Processing fees||3% of the loan amount onwards|
|Foreclosure & prepayment charges||5% of the prepayment amount|
|EMI bounce charges|
Rs. 400 per bounce for salaried & Rs. 750 per bounce for self-employed
(Late payment penalty - 3% per month)
|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|
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.
You will be required to submit the following key documents required to apply for an IVL Finance personal loan:
Tip: Check Credit Score before applying for a loan
The full form of IVL Finance is Indiabulls Ventures Limited Finance.
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.
Additional Reading: CIBIL Score Check Free Online by Pan Number
You can reach IVL customer care number by calling their 24x7 helpline number 1860-419-3333.