✓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. 

IIFL Business Loan Highlights

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

Particulars

Details

Minimum Loan Amount

₹50,000

Maximum Loan Amount

₹30 Lakhs

Minimum Tenure

12 months

Maximum Tenure

48 months

Interest Rate

Starting from 16.50% p.a.

Disbursal Time

48 hours post approval

Disclaimer: The details mentioned above are subject to constant change at the lender’s discretion.

IIFL Business Loan Rate of Interest

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.

Particulars

Details

Minimum Interest Rate

16.50% p.a.

Disclaimer: The details mentioned above are subject to constant change at the lender’s discretion.

IIFL Finance Business Loan Other Fees and Charges

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:

Particulars

Details

Processing Fee

2.50% of the loan amount

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

IIFL Business Loan EMI Calculator

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

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Eligibility Criteria for IIFL Business Loan

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

Documents Required for IIFL Business Loan

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

How to Apply for IIFL Business Loan on Bajaj Markets

Here is how you can apply for an IIFL Finance business loan online on Bajaj Markets:

  • Click on ‘CHECK ELIGIBILITY’ 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

Why Opt for IIFL Business Loan via Bajaj Markets

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

IIFL Finance Loan Customer Care Details

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:

Method

Details

Customer Care Number

1865-267-3000, 7039-050-000

Register Complaint/Inquiry

https://www.iifl.com/contact-us/raise-a-request

Frequently Asked Questions

What is the maximum amount one can get with the IIFL Finance Business Loan?

You can borrow amounts as high as ₹30 Lakhs with the IIFL Finance business loan on Bajaj Markets. 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:

  • You must be an Indian citizen, residing in India

  • 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

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. on Bajaj Markets.

Do I have to pledge any security or collateral to get an IIFL Finance Business Loan?

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

How to get in touch with the IIFL Finance business loan Customer Care team?

You can contact IIFL Finance’s 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 an 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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