✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now! Check Eligibility

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. 

Interest Rates and Charges

Here is a list of the interest rates and other fees charged on a business loan by IIFL Finance:

Interest Rate

16.50% p.a. onwards

Processing Fees

2% to 6% of the loan amount + GST

Convenience Fee

₹500

*Disclaimer: The interest rates and charges mentioned are subject to constant change at the lender’s discretion.

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Features and Benefits

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

Eligibility Criteria and Documents Required

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

  • You must be an Indian citizen

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

  • Your CIBIL score must be 675 or above 

  • If you are applying for a loan amount of up to ₹5 Lakhs, your business must have a vintage of at least 1 year

  • If you are applying for a loan amount ranging between ₹5 Lakhs and ₹30 Lakhs, your business must have a vintage of at least 2 years.

 

Here are the standard documents required to apply for this 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

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How to Apply?

Here is how you can apply for this loan on Bajaj Markets:

  • Click on ‘Apply Now’ on this page

  • Enter your personal and business details

  • Select ‘IIFL Finance’ from the list of loan providers

  • Choose the required loan amount and the preferred tenure

  • Submit the application

  • After this, an executive will contact you to further process your application.

business loan

FAQs

What is the maximum amount one can get with IIFL Finance business loan?

You can borrow amounts as high as ₹30 Lakhs with IIFL Finance loan. However, the amount offered to you will depend on your eligibility and the lender’s policies. 

Who is eligible for a business loan from IIFL Finance?

Fulfil the following IIFL Finance Business Loan eligibility criteria to secure the required amount:

  • Your age should be between 23 and 60 years

  • For loans of up to ₹2 Lakhs, you should have a CIBIL score of at least 675

  • For loans over ₹2 Lakhs, you must have a CIBIL score of 720 or above

  • Your business must have a minimum vintage of 1 year to be eligible for amounts of up to ₹5 Lakhs

  • Your business must have a vintage of at least 2 years to borrow amounts ranging between ₹5 Lakhs and ₹30 Lakhs

  • You must be an Indian citizen, residing in India

What is the rate of interest charged on IIFL Finance business loans?

The interest rates charged on IIFL Finance business loans start from 16.50% p.a.

Do I have to pledge any security or collateral to get a IIFL Finance business loan?

No. You don’t have to pledge any asset as collateral to get IIFL Finance business loan.

How to get in touch with the IIFL Finance Business Loan Customer Care team?

You can contact IIFL Finance Business Loan customer support through the following channels:

  • IIFL Finance Business Loan customer care number: 1865-267-3000, 7039-050-000

  • You can raise an online request at https://www.iifl.com/contact-us/raise-a-request 

How to repay IIFL Finance business loan?

You can repay your loan through any of the following modes:

  • Net Banking 

  • IIFL Loans Mobile app

  • Online wallets like Phone Pe, Google Pay, Paytm

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