Here is all you need to know about 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:
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.
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.
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.
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
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 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.
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:
Method |
Details |
Customer Care Number |
1865-267-3000, 7039-050-000 |
Register Complaint/Inquiry |
https://www.iifl.com/contact-us/raise-a-request |
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.
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
The interest rates charged on IIFL Finance business loans start from 16.50% p.a. on Bajaj Markets.
No. You don’t have to pledge any asset as collateral to get an IIFL Finance business loan on Bajaj Markets.
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
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