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:
12.75% - 32% p.a.
Loan Processing Charges:
2% - 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.