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% to 26% per annum

   

• Loan Processing Charges:

  Upto 2.5% to 4% of Sanctioned Amount + GST

   

• 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*(approval required)

   

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

  5% + GST^*

   

• Prepayment / Foreclosure (25-36 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

   

• Documentation Charges

  At actuals

   

• Security Creation and Perfection Charges

  At actuals

   

• Property Valuation Charges

  At actuals

   

• Inspection Charges

  At actuals

   

• Stamp Duty Charges

  At actuals

   

• Legal Collection & Incidental Charges

  At actuals

   

• Any other charges from case to case basis

  At actuals

   

Note: Part payment allowed up to 25% of principal outstanding. It is allowed only once in a year and twice during the entire loan tenure. Government taxes and other levies as applicable, would be charged additionally. These charges are in effect from June 15, 2020.