Business Loan

Business loans are vital for entrepreneurs looking to kickstart or expand their businesses. IIFL Finance’s range of financial products has continually innovated to cater to businesses that seek funds. IIFL Finance’s small business loan is designed to fulfil capital requirements for small and medium enterprises. The MSME business loan is a comprehensive product that offers quick funds to help you grow your small business and invest in vital infrastructure, machinery, plants, operations, advertising, marketing etc.

IIFL Finance’s online business loan is the ideal loan for a new business as a source of capital for all your business needs. The business loan interest rate is attractive and affordable to ensure you do not have to cut down on essential expenses of your business. Through extensive market research, the instant business loan process is tailored to ensure that it is at par with being the best business loan in India.

Apply for an instant business loan from IIFL Finance today and watch your business soar to new heights of success!

Business Loan EMI Calculator

Calculate your EMI and choose the most suitable product for you

Benefits of IIFL Business Loans

IIFL Finance offers an instant MSME loan perfect for small financial requirements. It is a 100% online process from application to disbursement. You do not need to visit any branch. Without the need for pledging assets and collateral, the small business loan is ideal for small businesses to avail of benefits such as:

For amount upto ₹ 30 Lakh
Fulfill a wide variety of needs
Loan tenure of 5 years
Vastly extend credit relief for your business
Interest rate of 11.75% p.a.
Repay as per your invoicing cycle
No collateral needed
No worries about risking your valuable asset
Loan amount disbursed within 48 hours
Complete application in a few clicks

IIFL Finance Business Loan Features

IIFL Finance’s business loan is a combination of unique borrower-oriented features and extensive market research-based factors to ensure your business gets the required capital to achieve success.

  • Instant loan amount up to Rs 30 lakh
  • Easy and online application process
  • Instant credit of loan amount to your bank account.
  • Affordable EMI repayment options

Choose one of our product variants

01
Documents Required Icon - IIFL Finance

Business Loan upto ₹30,00,000

Business Loan Rates and Charges

IIFL Finance’s loan rates and charges do not restrict you from investing the desired amount in your business. With an attractive business loan interest rate, your monthly EMIs are absolutely affordable. Furthermore, IIFL Finance’s instant business loan comes with utmost transparency and no hidden costs. The MSME loan details are presented at the time of application to ensure you do not pay anything over the communicated rates and charges.

  • Rate of Interest:

    11.75% - 33.75% p.a.

  • Loan Processing Charges:

    2% - 4% + GST* ( Additional Upto ₹500 will be charged as Convenience Fees)

     

  • Cheque / ACH Return Charges:

    500/ + GST* per instance

     

Business Loan Eligibility Criteria

  • Established business operating for more than six months at the time of application.
  • Minimum turnover of Rs 90,000 in the last three months from the time of application.
  • The business does not fall under any category or list of blacklisted/excluded businesses.
  • The office/business location is not on the negative location list.
  • Charitable organisations, NGOs, and trusts are not eligible for a business loan.

What are the documents required for business loan?

Here are the documents Proprietorship, Partnership and Pvt. Ltd/ LLP /One Person Company will need to submit to complete the application

Accepted documents:
  • Documents for 30 Lakhs
    • KYC documents – Identity proof and address proof of the borrower and all co-borrowers
    • PAN Card of borrower and all co-borrowers
    • Last (6-12 Months) months bank statement of main operative business account
    • Signed copy of standard terms (term loan facility)
    • Additional document(s) may be required for credit assessment and processing of loan request
    • GST Registration.
    • Previous 12 months’ bank statements
    • Proof of business registration
    • PAN Card and Aadhar Card copy of the Proprietor(s).
    • Deed copy and company PAN Card copy in the case of partnerships
Access your loan account on-the-go

IIFL Loans Mobile App

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Account Summary Account Summary
Make EMI Payment Make EMI Payment
Complete A/c Statement Complete A/c Statement
Submit A Query Submit A Query
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6 Million + Happy Customers

I am thankful to IIFL for fulfilling my finance requirement at the right moment. IIFL provided me with every detail of the loan through timely SMSes.

Savaliya Jitendra - Testimonials - IIFL Finance

Savaliya Jitendrabhai Vinubhai

We are enjoy a delightful relationship with IIFL. We have found it extremely smooth and easy to get any information regarding our loans from them. Their processes are well-defined and loans are disbursed within agreed timelines. There is complete co-operation from the entire team and we look forward to borrow more from IIFL in the future.

Rajesh - IIFL Finance

Rajesh Maheshwari

Customer Support

We are devoted to solving your queries and concerns, quickly and to your satisfaction.

Business Loan FAQs

A business loan caters to the capital requirements for various purposes such as infrastructure, operations, manufacturing, expansion, advertising, marketing etc.

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You can speed up your loan approval by applying for the loan online and completing eKYC.

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You can use the business loan EMI calculator on the IIFL website to calculate the EMI for your loan.

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Your business must have a turnover of Rs 90,000 in the past three months from the date of application.

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An MSME business loan is offered to Micro, small and medium enterprises.

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Yes, it benefits the business as you can use the funds to invest in the business and ensure smooth operations.

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If your business fulfils the eligibility criteria mentioned above, you can get a business loan for your SME from IIFL Finance.

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Yes, part payment is allowed. However, as it varies from lender to lender, you should ensure the lender has this facility.

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Proprietorship, Partnership and Pvt. Ltd/ LLP /One Person Company can avail of a business loan.

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With IIFL Finance, you can take a loan of up to Rs 30 lakh.

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Yes, a salaried employee can apply. The minimum age of the applicant must be 23 years and the maximum age must be 55 years. The applicant must have a monthly income greater than Rs 25,000.

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You can apply by filling in the online loan application and uploading the required KYC documents.

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Yes, the Prepayment / Foreclosure (01-06 months of EMI repayment) charges are 7%+ GST.

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