IIFL Business Loan

IIFL Business Loan: Up To 30 Lakh Instant Loan

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 AmountUp To 30 Lakh
Interest Rate11.25% to 33.75% p.a.
Tenure1 -5 years
Age Required23 -65 years
CIBIL Required-1 /700+
Processing FeesUp to 4% of the loan amount
Eligible ForSelf 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 Rate11.25% to 33.75% p.a.
Processing feeUp to 4% of the loan amount
Cheque / ACH return chargesRs. 500 + GST
EMI bounce chargeUp 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.

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