IIFL Finance
Read about IIFL Finance interview process, rounds, and FAQs to prepare for sales, credit, and operations roles at this leading Indian NBFC.
- 195 open jobs
- 1995 founded
- Approx. 30,000 employees in India
- Mumbai headquarters
About IIFL Finance
IIFL Finance is one of India's leading non-banking financial companies (NBFCs), founded in 1995 and headquartered in Mumbai, Maharashtra. The company offers a wide range of retail lending products, including gold loans, home loans, loans against property, business loans, and microfinance, serving individuals and small businesses across urban and semi-urban India.
As a publicly listed company, IIFL Finance operates through an extensive pan-India branch network supported by digital lending platforms, reaching customers in both metro cities and smaller towns. The company continues to expand its retail credit book while strengthening compliance and risk management in line with RBI norms for NBFCs.
IIFL Finance looks for candidates who are customer-focused, comfortable with target-driven sales and credit roles, and willing to work closely with local markets, whether at a branch, in collections, or in credit underwriting. Freshers and experienced professionals in finance, sales, and operations will find opportunities across its lending verticals.
IIFL Finance hiring process
1. Online application and resume screening
Candidates apply through IIFL Finance's careers page, job portals, or campus placement drives. The HR team screens resumes for relevant qualifications in finance, sales, or operations depending on the role.
2. Online assessment
For fresher and entry-level roles, shortlisted candidates typically take an online aptitude and reasoning test covering numerical ability, logical reasoning, and basic financial concepts.
3. Telephonic or HR screening
A recruiter conducts a short call to confirm eligibility, discuss the role, current compensation, and notice period, and assess communication skills and cultural fit for a target-driven NBFC.
4. Functional or technical interview
Depending on the department, candidates meet a hiring manager for a discussion on credit appraisal, sales targets, loan products, or the operational processes relevant to the role.
5. Branch or department head interview
A senior interview with the branch manager or department head evaluates decision-making, customer handling, and readiness to work in a target-driven NBFC environment.
6. HR discussion and offer
The final round covers compensation, joining formalities, and documentation, followed by a background and reference check before the offer letter is issued to the selected candidate.
IIFL Finance interview rounds
IIFL Finance's interview process typically has three to four rounds depending on the role, department, and seniority level.
Round 1: Online aptitude and reasoning test
A 30-45 minute online test covering numerical ability, logical reasoning, and basic financial and English-language skills, mainly used for freshers and junior sales or operations roles.
- Simple interest and profit-loss calculations
- Data interpretation from tables and charts
- Basic English comprehension
Round 2: HR screening call
A recruiter verifies your background, current CTC, notice period, and willingness to work in field, branch, or collections roles typical of an NBFC.
- Why do you want to join IIFL Finance
- Comfort with travel or branch-based targets
Round 3: Functional or technical interview
Conducted by a hiring manager or credit and sales head, this round tests your understanding of loan products, credit evaluation, or sales strategy depending on the profile.
- How would you evaluate a loan applicant's creditworthiness
- Handling a customer default or delayed EMI
- Cross-selling financial products to existing customers
Round 4: Branch or department head interview
A senior leader assesses ownership, target orientation, and long-term fit within the NBFC's growth plans, often closing with a compensation discussion.
- Your approach to achieving monthly disbursement targets
- Handling pressure in a target-driven sales environment
IIFL Finance salaries
| Designation | Average salary |
|---|---|
Branch / Area Manager Experience: 6 - 10 years yrs |
₹ 22.1 Lakhs /year Typical range â‚ą15.6 L – â‚ą28.6 L/yr |
Credit / Risk Analyst Experience: 2 - 5 years yrs |
₹ 13.7 Lakhs /year Typical range â‚ą9.1 L – â‚ą18.2 L/yr |
Assistant Manager Experience: 2 - 5 years yrs |
₹ 11.1 Lakhs /year Typical range â‚ą7.8 L – â‚ą14.3 L/yr |
Relationship Manager Experience: 1 - 4 years yrs |
₹ 7.8 Lakhs /year Typical range â‚ą5.2 L – â‚ą10.4 L/yr |
Figures are estimates based on typical market ranges for this role and sector, not company-published pay. Actual offers vary by location, skills and negotiation.
IIFL Finance interview questions
Question banks most relevant to roles at IIFL Finance, with model answers.
IIFL Finance interview FAQs
Q1How many rounds are there in the IIFL Finance interview process?
IIFL Finance typically conducts three to four rounds: an online aptitude test for freshers, an HR screening call, a functional or technical interview with the hiring manager, and a final discussion with the branch or department head before the offer is extended.
Q2How long does the IIFL Finance hiring process take?
The process usually takes about two to three weeks from application to offer, though it can move faster for branch-level sales and operations roles and take slightly longer for senior credit or leadership positions requiring multiple approvals.
Q3Why do you want to work at IIFL Finance?
A strong answer connects your interest in lending and NBFCs with IIFL Finance's scale and product range, such as gold loans, home loans, and MSME financing, and mentions your comfort with a target-driven, customer-facing role in financial services.
Q4How would you handle a customer who has missed an EMI payment?
Explain a structured approach: understand the reason for the delay, communicate policies clearly and empathetically, offer restructuring options where feasible, document the interaction, and escalate persistent defaults following the company's collection and compliance procedures.
Q5What do you know about NBFCs and how they differ from banks?
A good answer notes that NBFCs like IIFL Finance provide loans and credit facilities but cannot accept demand deposits or issue cheques like banks, are regulated by the RBI under a separate framework, and often serve credit-hungry segments faster than traditional banks.
Q6What is the typical salary and eligibility for freshers at IIFL Finance?
Entry-level roles in sales, credit, or operations typically require a graduate degree, with compensation depending on role, city, and business vertical rather than one fixed figure; candidates should check the specific job posting on the careers page for exact eligibility and pay bands.
Quick facts about IIFL Finance
- How do I apply for a job at IIFL Finance?
- Open roles are listed on the company's own careers page: https://www.iiflfinance.com/careers.
- How many people work at IIFL Finance?
- IIFL Finance employs approximately Approx. 30,000. Headcount figures move over time and are indicative.
- Is IIFL Finance a public or private company?
- Ownership: Public.
- Who founded IIFL Finance?
- IIFL Finance was founded by Nirmal Jain.
195 open jobs at IIFL Finance
Apply on Jobaaj, and use this guide to prepare before your first round.
Log in with Google
Log in with LinkedIn
