IIFL Finance Business Loan

Fund your next equipment purchase or any other business requirements with the help of IIFL Finance Business Loans on Bajaj Markets. Secure a high loan amount of up to ₹30 Lakhs at low interest rates starting from just 16.50% p.a.

Furthermore, you can enjoy flexible repayment tenures of up to 4 years with these loans. 

Discover the key details of the IIFL Finance Business Loan on Bajaj Markets. Find the latest information on loan amounts, tenure, and more:

Knowing the interest rates upfront can help you make smarter borrowing decisions. IIFL Finance offers business loan rates that vary based on your credit score, loan amount, business performance, and chosen tenure. The table below highlights the minimum interest rates you might be offered.

Understanding the fees and charges associated with your loan is essential to managing your finances well. Here is a list of the additional fees charged on a business loan by IIFL Finance:

Use the IIFL Finance Business Loan EMI Calculator to check your monthly repayment amount. You can also explore the various repayment options available.

Fulfil the following IIFL Finance Business Loan eligibility criteria to increase the chances of your loan approval:

• Residency: You must be an Indian citizen

• Age: Your age must be in the range of 23-60 years

• Creditworthiness: Your CIBIL score must be at least 675 for a loan amount of up to ₹2 Lakhs and 720 or above for greater amounts

• Business Vintage: Your business must be at least 1 year old for loans up to ₹5 Lakhs and 2 years old for loans between ₹5 Lakhs – 30 Lakhs

Here are the standard documents required for an IIFL Finance Business Loan: 

• A Selfie for Identity Verification

• PAN Card of both the Primary Borrower and Co-Borrowers (if any)

• Address Proof: Any one of the following

1. Aadhaar card

2. Passport

3. Voter ID

• Bank statements of the last 6 months (current account or salary account)

If you are looking to apply for a loan of more than ₹10 Lakhs, you may be asked to submit additional documents that are listed below:

• Business Vintage and Continuity Proof: Any one of the following:

1. GST certificate

2. FSSAI certificate

3. Trade licence

4. Shop and establishment certificate

5. Import-export certificate

6. Udyog and Udyam Aadhaar

7. Hospital registration certificate

8. Drug licence

• Bank Statements of the Last 12 Months (Current Account or Salary Account)

• GST Registration Certificate of Your Business

• Property Ownership proof

Here is how you can apply for this loan on Bajaj Markets and benefit from the key features of the IIFL Finance business loan:

• High Loan Amount

Get up to ₹30 Lakhs with this business loan and meet all your financial needs

• Affordable Interest Rates

Benefit from interest rates starting as low as 16.50% p.a.

• Online and Paperless

Complete all the application formalities without the need to step out of your home or office through the online process

• Quick Disbursal

The amount may be credited to your account within 48 hours, post approval

• No Collateral Needed

Get a business loan without having to submit any collateral

If you have any questions or need assistance regarding your loan application or any other inquiries, you can reach out to the IIFL Finance Business Loan support through the following contact options: