Interested in financial products

IIFL Finance offers three popular loan categories including Insta loan, Fast Track Loan and Business loan. The company provides SME business loans at competitive interest rates and offers loans with minimal documentation requirements. Some of the noteworthy features and benefits of the business loans are:

Interest rate

18% onwards

Loan Amount

Business loan up to Rs. 50 lakhs

Insta Loan up to Rs. 15 lakhs

POS Loan up to Rs. 50 lakhs

Repayment Tenure

12 months – 36 months


Not required

Processing Fee

3% of the loan amount + GST

Additional noteworthy points of IIFL business loans:


Fees & Charges

Interest rate range

Starting from 16% up to 30%

Cheque Return Charges

Rs. 500/-  per instance + GST

Cheque Original Swapping Charges No-dues Certificate

Rs. 500/- per instance + GST

Duplicate Statement / Duplicate Amortisation / Original Repayment Schedule

Rs. 200/- per instance + GST

Penalty Interest

24% per annum

Authentic Prepayment / Original Foreclosure (1-6 months of EMI Repayment)

7% + GST (Approval required)

Original Prepayment / Foreclosure (7-24 months of EMI Repayment)

5% + GST

Actual Prepayment / Foreclosure (more than 24 months of EMI Repayment)

4% + GST

Original Loan Cancellation Process

Interest will be applicable for the Intermediate period from the date of disbursement to the date of loan cancellation

Eligibility Criteria:

Following eligibility criteria are applicable for a business loan from IIFL Finance:

  • Sole Proprietorship firms, Partnership firms, Private Limited Companies with a business focus in Manufacturing, Trading and Services are eligible
  • The establishment must be carrying out the business for a minimum of 3 years
  • The company should reflect gradual progress and profits 
  • The applicant should carry a good credit history
  • Applicants should not have any default history
  • An Indian citizen with no criminal record
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