IIFL Spreads, leverage, minimum deposit Revealed

WikiFX | 2026-04-20 22:19

Abstract：　　IIFL is an online trading platform, offering a variety of loan products, including instant Gold Loans and Business Loans up to ₹75 Lakhs, with transparent rates and clear prepayment policies. They provide a convenient online payment system via their IIFL Loans Mobile App and popular payment apps like Google Pay and Paytm.

IIFL Review Summary
Founded	1995
Registered Country/Region	India
Regulation	No Regulation
Services	Gold Loans, Gold Loans at Home, and Business Loans
Platform/APP	IIFL Loans Mobile App
Customer Support	Live chat
	Tel: 1860-267-3000, 7039-050-000(09:30 am to 6:00 pm from Monday to Friday & 09.30 am to 4.00 pm on Saturdays)
	Email: gold-helpline@iifl.com

IIFL Information

　　IIFL is an online trading platform, offering a variety of loan products, including instant Gold Loans and Business Loans up to ₹75 Lakhs, with transparent rates and clear prepayment policies. They provide a convenient online payment system via their IIFL Loans Mobile App and popular payment apps like Google Pay and Paytm.

Pros and Cons

Pros	Cons
Diverse loan offerings	Unregulated broker
Transparent rates and charges	High interest rates

Is IIFL Legit?

　　IIFL is an unregulated broker. Please be aware of the risk!

　　The WHOIS search shows the domain iifl.com was registered on July 28, 2003. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar.

Loan Services

　　RIIFL offers a variety of loan products, including instant Gold Loans, Gold Loans at Home, and Business Loans up to ₹75 Lakhs.

Fees

Charge Type	Details/Amount	Notes
Rate of Interest	Upto 36% p.a.	Effective from Sep 01, 2024
Loan Processing Charges	Upto 5% + GST	Effective from Sep 01, 2024
NACH / E-Mandate Bounce Charges	Upto Rs. 2500/- + GST	If applicable
Penal / Default Charges	24% p.a. + GST	For failure to make timely payments (if applicable)
Document Charges + GST	Upto Rs. 4500 + GST	In Rupees
Bank Swapping Charges	Rs. 500 + GST	If applicable
Other Charges (NESL Reporting)	As Applicable + GST	Charged annually per NESL fee schedule; subject to change by NESL

　　Prepayment / Foreclosure

Condition	Charge
Within 6 months from the date of first drawdown	7% of the outstanding loan amount together with applicable taxes
On and from the 7th month up till 24th month from the date of first drawdown	5% of the outstanding loan amount together with applicable taxes
After 24 months from date of first drawdown	4% of the outstanding loan amount together with applicable taxes

Platform/APP

Trading Platform	Supported	Available Devices
IIFL Loans Mobile App	✔	Android, iOS

Payments

　　RIIFL offers a quick, easy, and convenient online payment system for loan dues. Customers can conveniently make payments anytime, anywhere, directly through popular apps such as Google Pay, Paytm, Bhim, PhonePe, and Mobikwik.