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


IIFL Finance Limited (erstwhile known as India Infoline) is a reputed financial services company in India. It offers a wide range of loans and mortgages that includes business loans for people looking to expand their business or pay off debts or for a variety of other reasons. Those who have taken a business loan from IIFL rank the company’s features and services highly. IIFL business loan can be applied for up to ₹30 Lakhs without the need to submit any collateral or security for it. If you’re excited to know more about the IIFL business loan details, then you can easily apply for it on the Bajaj MARKETS website.

IIFL Business Loan Details

This table will help you understand the main points worth noting about the IIFL business loan. 

Interest Rate

16.50% - 27.50% per annum

Processing Fees

2.50% - 4% of the loan amount + GST


Up to 60 months

Loan Amount

Up to ₹ 30 L

Note: The mentioned interest rates, fees and charges are subject to change as per the company’s policies.

IIFL Business Loan Rate of Interest 2022

When you take a business loan, the rate of interest is one of the key factors to consider. This is because the business loan interest rate directly impacts the instalment amount, EMI, that you will be required to pay. When you apply for a business loan from IIFL you can expect to pay an interest rate between 16.50% and 27.50% per annum. Your final EMI will further depend on the amount of loan taken (this can be between ₹ 10 - 30 L) and the tenure (this can be between 06 - 60 months).

IIFL Business Loan Features & Benefits

Getting an IIFL-financed business loan comes with several attractive features and benefits. Here’s a glimpse at a few of them:

  • Online and Paperless: IIFL business loans can be applied online, which means you can complete all the application formalities without the need to step out of your home or office. 

  • Quick Disbursal: Being a digital loan, you can expect quick disbursal as well. Upon KYC approval, the loan amount can be availed in just 48 hours.

  • High Loan Amount: A business loan from IIFL can be taken up to 30 Lakhs to meet your varying business needs. 

  • Basic Documentation: IIFL keeps its processes customer centric, and you can apply for a loan up to ₹ 10 L with basic documentation such as PAN Card, Aadhaar Card, business related documents and 6 months bank statements. For loans above ₹ 10 L, additional address proof in the form of utility bill or rent agreement may be needed.

  • No Collateral Needed: There is no requirement of putting up a collateral or providing any security for availing an IIFL business loan.

IIFL Business Loan Eligibility

If you’re interested in getting an IIFL business loan by applying online, then you meet the basic eligibility criteria set forth by the company. It is as follows:

  • Applicant must be an Indian citizen, residing in India

  • Applicant’s age should be in the range of 23-60 years

  • Good credit rating is important, hence, the applicant's CIBIL score needs to 700 or above; or, must be a new-to-credit customer

Documents Required for IIFL Business Loan 

IIFL business loans require minimal documentation, making the processing fast and convenient. Here are the standard documents required to be provided with your loan application.

  • A selfie for identity verification

  • PAN Card

  • Address Proof – one among the following: Aadhaar Card/Passport/Voter ID

  • Business vintage proof and continuity proof- GST certificate/FSSAI certificate/Trade licence/Shop and establishment certificate, import export certificate/Udyog and Udyam Aadhaar/Hospital registration certificate/Drug licence

  • Latest 6 months bank statement

The above mentioned documents are needed for loans up to ₹ 10 L. In case your requirement is of a higher amount, then additional address proof would be required. This includes a recent utility bill with the address mentioned on it or a valid rent agreement. 

IIFL Business Loan EMI

It is crucial to figure out how much EMI you'll have to pay if you take out a business loan. This helps you plan your monthly expenses and factor in your business budget and operating expenses accordingly.

It is advisable to calculate the EMI before applying for the loan. You can make use of an online business loan EMI calculator by entering your desired loan amount (between ₹ 10 Lakhs - 30 Lakhs), preferred tenure for repayment (between 06 - 60 months) and the expected interest rate. Based on these inputs, your monthly instalments will be shown to you. 

How to Apply for IIFL Business Loan Online

If you would like to avail an IIFL-financed Business Loan then here are the steps to be followed.

  • Step 1: Filling Details Online - Enter your personal and professional details.

  • Step 2: Select your Lending Partner - From the list of loan offers, select IIFL Finance to proceed.

  • Step 3: Enter your requirement - Select the loan amount and repayment tenure as per your choice.

  • Step 4: Approval & Disbursal - Get online approval in 2 minutes and money in your bank within 48 hours.

IIFL Customer Care

For any support, information or assistance regarding the IIFL Business Loan, you can reach their support team on phone:  

1860-267-3000, 7039-050-000


Time: 09.30 am to 6.00pm from Monday to Friday & 09.30am to 4.00pm on Saturdays

Closed on: Sunday and Public Holidays


Or, you can raise an online request at https://www.iifl.com/contact-us/raise-a-request 

Or, visit the nearest IIFL branch

IIFL Business Loan FAQs

  • ✔️Does IIFL offer different types of Business Loan Interest rates?

    Yes, IIFL business loans come with an interest rate in the range of 16.50%-27.50% per annum.

  • ✔️ Can students apply for the IIFL Business Loan?

    IIFL business loans are meant for business owners and entrepreneurs. Hence, students cannot apply for it.

  • ✔️ What is the maximum Business Loan one can get?

    IIFL business loan amounts are as high as ₹ 30 L.

  • ✔️ How to increase chances of loan approval from IIFL?

    Having a good credit rating and keeping all your application related documents properly organised can increase your chances for an IIFL business loan approval.

  • ✔️Who is eligible for IIFL Business Loan?

    Indian citizens between the ages of 23-60 years who own their own business and meet the eligibility criteria, can apply for an IIFL business loan.

  • ✔️How do I download my IIFL business loan statement?

    Your IIFL Finance business loan statement can be easily downloaded online. For this you will need to register on IIFL’s web site or mobile app.

  • ✔️How to repay my IIFL Business Loan?

    You can repay your IIFL Business Loan through any of the following modes:

    • Pay through Net Banking account

    • Pay through the IIFL Loans Mobile app

    • Pay through online wallets like Phone Pe, Google Pay, Paytm