Apply for an IIFL business loan that is 100% digital process. This MSME (Micro Small Medium Enterprise) loan is offering up to 30 lakhs instant loans with 5 years tenure. IIFL provides fast loan approval.
The interest rate starts from 11.25% p.a. Get the loan within 3 days.
IIFL Business Loan Quick Recap
| Loan Amount | Up To 30 Lakh |
| Interest Rate | 11.25% to 33.75% p.a. |
| Tenure | 1 -5 years |
| Age Required | 23 -65 years |
| CIBIL Required | -1 /700+ |
| Processing Fees | Up to 4% of the loan amount |
| Eligible For | Self Employed |
Benefits of IIFL Business Loan
Instant Approval: You will get the loan within 3 days. IIFL provides a fast loan process.
100% Digital: The loan application process is 100% digital. Don’t require visiting any brunch.
Affordable Tenure: You can get a 12 to 60-month loan tenure. Select loan tenure as per your requirement.
Flexible Interest: The interest rate starts from 11.25% to 33.75% per annum. The loan interest rate will calculate based on your CIBIL score.
Higher Loan Amount: IIFL provides up to 30 lakh business loans. The loan amount depends on your bank statement.
Fewer Documents: Minimum documents required to apply for an IIFL business loan. KYC & other documents will require.
Also Read: HDFC Bank Instant Personal Loan
Eligibility Criteria for IIFL Business Loan
The following eligibility criteria for an IIFL business loan:
- Proprietor businesses are only eligible
- 2-year Business vintage proof
- -1 or 700+ CIBIL score
- An average bank balance of 8,000 required
- Businesses did not fall under negative pin codes.
Documents Required
- Applicant Pan Card
- Aadhaar Card
- 2 yr Trade License/ MSME Certificate / IT File
- 6-month bank statement pdf
- Residence proof (Electricity bill / Gas bill/ Rent agreement)
IIFL Business Loan Interest Rate & Other Charges
| Interest Rate | 11.25% to 33.75% p.a. |
| Processing fee | Up to 4% of the loan amount |
| Cheque / ACH return charges | Rs. 500 + GST |
| EMI bounce charge | Up to Rs. 1,200 |
How to Apply for IIFL Business Loan
Step 1: Click on the “IIFL Business Loan” button.
Step 2: Enter your mobile no to start the process.
Step 3: Fill out the form with your name, phone no, email id & other details.
Step 4: Now enter the mobile number once again & verify through OTP.
Step 5: Give pan card no & email id.
Step 6: Verify through OTP.
Step 7: After the CIBIL check, enter the business name & business starting date.
Step 8: Upload 6 months’ bank statement.
Step 9: If you are eligible, you will get the loan offer.
For any queries, you can mail us at [email protected]. We will reply to you within 24 hours.
Also Read: How to get business loan up to 30 lakh
IIFL Business Loan Customer care
Contact IIFL business loan 24/7. Customer care solves your queries quickly.
Customer Care Number: 1860-267-3000
Email ID: [email protected]
FAQs on IIFL Business Loan
Can I apply for a business loan without IT File?
Don’t need for IT file to apply for an IIFL business loan. Just 2 yr Trade License is required as vintage proof. If you have an MSME certificate, you can also be eligible for loan.
How much amount available through IIFL?
IIFL provides up to 30 lakh business loans. Your bank statement will decide the loan amount.
I have a construction business. Am I eligible for the loan?
You are eligible for the loan. But you have to provide vintage proof (Trade License, IT File, GST File, or MSME Certificate) to apply.
What is the interest of an IIFL business loan?
The IIFL business loan interest rate starts from 11.25% to 33.75% p.a.