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Get business loans in India that are best matched to your credit profile
09 to 60 Months
IIFL Business Loans promise its customers a hassle-free application process and instant disbursal. Eligible customers can get up to Rs.30 lakhs at an interest rate of just 11% p.a. They also get 5 years’ repayment flexibility and a 100% peace of mind with superior customer support from the IIFL team.
About IIFL Business Loans
- Completely online application process with no paperwork or lengthy form filling
- Approvals in minutes and disbursal in just 48 hours
- High loan amounts of up to Rs.30 lakhs
- Best interest rate in the market at just 11% p.a.
- 5 years’ repayment flexibility with prepayment option
- No need for any collateral or guarantor
- Online customer portal for total transparency and ease of account management
- IIFL Loans Mobile App to manage all your loan related activities anywhere
- 100% customer support via email, phone and branch walk-in
IIFL Business Loans are available to sole proprietorship firms engaged in manufacturing, trading, and services with a minimum 2-year business vintage. They should have a strong net worth and a track record of timely repayment.
Check your eligibility for a business loan with CreditMantri’s Business Loan Eligibility Calculator!
IIFL Business Loans can be applied for online through the company's website.
1. Login to the IIFL Finance website
2. Choose 'Business Loans' from the menu bar
3. Click on 'Apply Now' to proceed to the next page
5. These details will be processed to determine your loan eligibility.
6. You can choose the loan amount you want and submit your application.
7. You will then be required to upload your bank account details, business documents, PAN & Aadhaar copy, and other KYC documents to complete the loan processing.
8. Once these documents have been verified, your loan is approved. You will be informed via SMS and email regarding your loan processing.
9. The loan amount will be credited to your bank account within 48 hours of loan approval.
IIFL promises a simple and hassle-free application process that doesn’t require loads of documentation. Here are the documents you will need –
For loans of up to Rs.10 lakhs –
- PAN Borrower's and all co-borrowers' credit cards
- Bank statement from the main operative business account for the previous six months (12 months preferable to avail maximum loan amount)
- Standard terms signed copy (term loan facility)
- Additional document(s) may be required for credit assessment and loan request processing.
For loans above Rs.10 lakhs & up to Rs.30 lakhs –
- Bank statement from the main operative business account for the previous 12 months
- Additional document(s) may be required for credit assessment and loan request processing
IIFL Business Loans offer one of the lowest interest rates on business loans.
Prepayment / Foreclosure (07-24 Months Of EMI Repayment) - 5% + GST
Prepayment / Foreclosure (More Than 24 Months Of EMI Repayment) - 4% + GST
IIFL Business Loans can be comfortably repaid in 5 years. The EMIs are generally paid via ECS or NACH mandate submitted during the time of loan disbursal. If you want other ways to pay, here they are –
- Use IIFL Loans mobile app to manage your loan account and make payments
- Walk in to your nearest IIFL Finance branch and make payments at the counter
1. Is IIFL Finance a bank?
IIFL Finance is an NBFC with decades of experience in the lending market. They are primarily into commercial lending and consumer finance. They have various credit products like business loans, equipment financing, gold loan, home loans, loans against securities, and more.
2. Is it safe to apply for IIFL Business Loans online?
IIFL website has necessary security features in place to protect your personal and financial information. You can confidently apply for the business loan online and get approved within minutes.
3. IIFL website has necessary security features in place to protect your personal and financial information. You can confidently apply for the business loan online and get approved within minutes.
IIFL offers business loans of up to Rs.30 lakhs.
4. What is the interest rate on IIFL Business Loans?
The interest rates start at just 11% p.a.
5. Do I have to pledge any security or collateral to get IIFL Business Loans?
No, you don’t have to produce any security or collateral for IIFL business loans of up to Rs.30 lakhs.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.