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No Regulation
Score
1.54 /10
Danger
IIFL
Influence
B
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.20
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2026-01-01
- This broker lacks valid forex regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Data Source 
WikiFX Data provide
WikiFX Data provideUpdated: 2026-01-01
| 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 | |
| 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.
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