They will just cheat you in a way that you wont be knowing it. They will offer you best rate But with the passage of time.they will increase the interest rate to the level that you wont realize that you are paying extra money as the EMI will remain same even when the Principal Amount will decrease and in the same ratio they will increase the interest rate.Dont take loan becasue once all the formalities have been done, they will impose the Insurance also.which will cost about 4% of total amount.
They wont charge any processing fee.they will lure.
customer service is worst.you cant contact them.stupid service.
Rather go for HDFC, SBI or a Big bank.they will take processing fee but provide much better services.Here IIFL dont take any processing fee but they increast interest rate and will burden you with Insurance(compulsory) of Loan also. which will be much costlier than the processing fee by Banks such as HDFC or SBI.