Business Loan: Interest Rates & Charges

Rates and Charges

IIFL Finance ensures that your finance needs are met promptly and that you can focus on business growth without worrying about day-to-day business expenses.
IIFL business loan is available at attractive rates and reasonable 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

     

  • Cheque / ACH Swapping Charges Duplicate No-dues Certificate:

    500/ + GST* per instance

     

  • Duplicate Statement / Amortization / Repayment Schedule/ Agreement/ Sanction Letter

    200/ + GST* per instance

     

  • Penal Interest

    24% per annum

     

  • Prepayment / Foreclosure (01-06 months of EMI Repayment):

    7% + GST*

     

  • Prepayment / Foreclosure (07-24 months of EMI Repayment):

    5% + GST*

     

  • Prepayment / Foreclosure (more than 24 months of EMI Repayment)

    4% + GST*

     

  • Loan Cancellation
     
    Interest will be charged for the interim period between date of disbursement and date of loan cancellation

     

  • Any other charges from case to case basis

    At actuals

     

FAQs

Yes, you can choose to prepay your loan anytime with applicable foreclosure charges.

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We offer a reducing rate of interest

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