Supply Chain Finance (SCF)

Supply Chain Finance (SCF) represents a vital financial tool tailored for optimizing working capital within businesses. It serves as a short-term financing solution extended to vendors and dealers, facilitating the enhancement of operational efficiency and liquidity management.

Key Features Of Supply Chain Finance

SCF encompasses two primary products designed to address distinct aspects of the supply chain:

Vendor Finance

This product offers a capital limit directly to vendors involved in the supply chain.

Payable Finance

Payable Finance establishes a capital limit specifically allocated to the anchor entity within the supply chain.

Rates and Charges

Rate of Interest Starts from 10%

IIFL Business Loan

FAQs

To avail the loan, simply click the 'Apply Now' button on the banner above or give a missed call on 180030001155

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You can repay through Electronic Clearance Service (ECS) or Direct Debit facilities.

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You repay the loan in equated monthly installments. Calculate how much you will repay each month here.

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You repay the loan in equated monthly instalments. Calculate how much you will repay each month by clicking here.

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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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The MSME loan interest rate differs from lender to lender. While banks charge lower rates compared to NBFCs, the application is processed faster by NBFCs. The current rate of interest starts from 12.75% - 44% per annum.

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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 50 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 65 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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The ideal business loan interest rate ranges anywhere between 12.75%-44%.

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You have to choose the loan amount you want to borrow while the EMI is calculated using the formula: [P x R x (1+R) ^N]/[(1+R) ^(N-1)].

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MSME loan interest rate is a fee from the lender for a business loan given to any Micro, Small and Medium Enterprise.

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An Indian national between the age of 24-70 who is either a self-employed professional or a self-employed non-professional. Entities such as limited liability partnerships, partnerships, private limited companies and closely held limited companies with a business vintage of a minimum of 3 years are eligible.

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A business loan calculator is an online tool that helps you ascertain how much EMI you will have to pay based on the loan amount, interest rate and loan tenure.

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Through IIFL Finance, you can get a loan approved in a matter of minutes.

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The optimum business loan EMI differs from business to business. The loan EMI will be based on your chosen loan amount and loan tenure and should be affordable for your business to repay.

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You can get a business loan up to Rs 5,40,000 on a Rs 20,000 salary. However, use the business loan calculator to get better calculation results.

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The rate of interest on business loans is the amount levied by the lender over the principal amount. Such rates range between 12.75% - 44% per annum.

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The processing fee is the amount borne by the lender while processing and sanctioning the business loan. IIFL Finance charges processing of 2%-9% +GST.

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The EMI bounce charge is levied on the borrower by the lender for missing an EMI payment during the loan tenure. Generally, such a charge is up to Rs 1,200.

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A foreclosure charge is levied on the borrower by the lender for repaying the loan before the loan tenure. A foreclosure charge of 7%+GST is levied if the business loan is prepaid within 1-6 months of EMI repayment.

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You can take an instant business loan with IIFL Finance for a minimum loan tenure of 1 year and maximum loan tenure of 3 years.

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Yes, pledging an asset as collateral or security is mandatory to avail of a business loan. The higher the value of the pledged asset, the higher the business loan amount.

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No, a business loan in Mumbai is not risky. However, it is important to take it from a reputed and experienced lender such as IIFL Finance.

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When you apply for business loans by IIFL Finance, you can apply for a minimum loan amount of Rs 50,000 and a maximum loan amount of Rs 5,00,000.

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Yes, lenders consider the company's business turnover ratio before applying for a business loan in Mumbai.

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You can improve the chances of getting a business loan in Mumbai by improving the business turnover, and credit score and ensuring that you submit all the required documents.

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You can calculate the EMI for the business loan from IIFL Finance through the EMI calculator on IIFL’s website. However, you will receive the loan amount based on the business loan eligibility in India.

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No, when you take a business loan, you do not have to pledge any asset as collateral. Rarely will you need to pledge collateral if you do not meet the business loan eligibility in India. However, most lenders increase the interest rate to offset their risk in sanctioning the loan for your business.

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You can get a business loan in Mumbai by visiting the selected lender's website, filling out the loan application form, and submitting the relevant documents.

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IIFL Finance seeks a CIBIL score, more than 700 to grant a business loan to borrowers.

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You can check the status of your loan application at the time of filling up the form or you can call us at 022-62539302 to find out.

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Yes, you can. A business loan can be used for a variety of purposes including for paying vendors, buying inventory and managing working capital.

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No, IIFL Finance doesn’t allow any change in the due date of the EMI once the loan agreement has been signed.

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You can apply for a small business loan in Bangalore by visiting the selected lender's website, filling out the loan application form, and submitting the relevant documents.

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Every lender may have different eligibility criteria for offering an unsecured loan in Bangalore. Follow the eligibility criteria for IIFL Finance’s MSME loans in Bangalore by heading to the “Eligibility Criteria for Business Loan in Bangalore” section.

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No, IIFL Finance’s business loan process is easy and quick, where the business loan application is approved within 30 minutes, and the loan amount is disbursed within 48 hours.

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No, IIFL Finance’s unsecured business loan in Bangalore does not require the pledging of any asset as collateral.

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Yes, a good credit score is essential for approving the business loan application. As an eligibility factor, you should have a credit score greater than 700 out of 900 to take a business loan in Delhi.

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An Indian national between the age of 21-70 and with an established business operating for more than 2 years at the time of application can apply for business loans.

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Yes, you can use the IIFL business loan EMI calculator available on our website to know the EMI of your loan before applying.

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You can get a business loan in Hyderabad by visiting IIFL Finance’s website and filling in the online application form.

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IIFL Finance allows entrepreneurs in Hyderabad to take up to Rs 30 lakh business loans.

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IIFL Finance offers varying financial services, including customised and comprehensive business loans. Through IIFL Finance’s business loan, you can get instant funds up to Rs 30 lakh with a quick disbursal process online and minimal paperwork. The loan’s interest rate is attractive and affordable to ensure the repayment doesn’t create a financial burden.

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Yes. There are additional charges apart from the interest rate, such as loan processing charges, cheque/return charges, prepayment charges, etc.

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When you take a business loan in Pune with IIFL Finance, it takes less than 30 minutes to get approved and 48 hours to disburse.

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The interest rates on business loans in Pune range between 11.25% - 33.75% p.a.

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Different lenders have different requirements. However, a majority of them expect you to fulfil the following eligibility criteria:

  1. Your business should be functioning for at least two years
  2. A CA should audit the business' past two years
  3. Your credit/ CIBIL score should be more than 650
  4. Your business should not be blacklisted
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Anyone with gold jewellery or gold in any other form, such as coin, bar or biscuit, is qualified to apply. Only the gold content of the jewellery will be calculated. The candidate must fall between the ages of 18 and 60. Professionals, self-employed people, business owners, and other people can get loans against gold.

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The maximum limit for a gold loan in India is Rs. 50lakhs.

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While applying for a business loan, you should be self-employed,  your age should be between 23 & 65, at least 2 years into the business, CIBIL score of over 700, and the business should not be blacklisted.

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Yes, credit score or CIBIL score of at least 700 is needed.

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Yes. Simply visit the official website to access this list.

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Unsecured business loans do not require security or collateral.

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Yes, sole proprietorship does qualify for a business loan provided they fulfill certain criteria:

  1. Age between 23 & 65
  2. Business should be operating for at least 2 years
  3. Should fulfill the criteria of CIBIL score, minimum turnover, profits, repayment capacity etc.
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Some of the typical ways to secure business financing in the city:

  • Bank Loans
  • Non-Banking Financial Companies (NBFCs)
  • Government Schemes 
  • Microfinance Institutions
  • Venture Capital and Angel Investors
  • Online Lending Platforms
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Here are a few steps that can help in getting your business loan approved for an online business: 

  • Prepare a comprehensive business plan
  • Build a strong online presence
  • Maintain good creditworthiness
  • Organize financial documentation
  • Research suitable lenders
  • Gather necessary documents
  • Highlight revenue generation
  • Present a realistic loan request
  • Provide collateral or guarantees
  • Be prepared for negotiations
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In India, a business loan can impact taxes in the following ways:

  1. The interest paid on a business loan is generally tax-deductible as a business expense, reducing the taxable income.
  2. Principal repayment does not directly impact taxes as it is not considered a deductible expense.
  3. Loan processing fees may be considered a business expense and deducted from taxable income.
  4. If a loan is forgiven or cancelled, the forgiven amount may be considered taxable income unless specific exceptions apply.
  5. Expenses related to eligible business use of loan funds may be deductible, reducing taxable income.
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To apply for a business loan in Manipur, individuals and entities must meet eligibility criteria and follow a structured process. This includes researching lenders, preparing required documents, completing the application accurately, and reviewing and accepting loan offers. The lender evaluates the application and, if approved, disburses the loan amount.

It is essential to note that each lender may have specific processes and requirements for business loan applications in Manipur. Therefore, it's advisable to contact the chosen financial institution directly for detailed information and guidance throughout the loan application process.

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Yes, it is possible to obtain a business loan without collateral in Manipur. Many financial institutions offer unsecured business loans that do not require borrowers to provide collateral. These loans are evaluated based on factors such as business turnover, profitability, credit history, and the overall financial health of the business. However, interest rates and loan terms for unsecured loans may differ from those with collateral.

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While specific requirements may vary among lenders, having a good credit score, such as the CIBIL score, is generally advantageous when applying for a business loan in Manipur. Lenders often consider the creditworthiness of the borrower, which includes factors like credit history, repayment track record, and the CIBIL score.

A higher CIBIL score demonstrates responsible borrowing behavior and increases the likelihood of loan approval. It also helps in negotiating favorable loan terms, including interest rates and repayment periods.

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Yes, besides interest rate charges, there will be a processing fee that you will be required to pay while applying for a business loan in Telangana. Every lender has its own fees, so it is advisable to check with them first.

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Loan sums ranging from Rs. 50,000 to Rs. 100 crores are available to eligible candidates.

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To address the concerns and hardships the Dalits in the State face, the Telangana Government has implemented the "Dalit Bandhu Scheme." The programme gives beneficiaries a one-time payout of Rs. 10,00,000, giving them a sense of financial security and hope for a better future. The Telangana government will support the recipients in making wise use of the financial aid.

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Various individuals and entities can apply for a business loan in Assam, including sole proprietors, partnership firms, private limited companies, public limited companies, and limited liability partnerships (LLPs). Each category of the applicant must fulfill specific criteria set by the lender, such as business vintage, turnover, profitability, and creditworthiness.

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Yes, it is possible to get a business loan without collateral in Assam. Several financial institutions, including banks and non-banking financial companies (NBFCs), offer unsecured business loans in the state. Unsecured business loans do not require borrowers to pledge collateral such as property, inventory, or assets to secure the loan.

Instead of relying on collateral, lenders assess the creditworthiness of the borrower based on factors such as business turnover, profitability, cash flow, credit history, and the overall financial health of the business. These loans are typically evaluated based on the borrower's ability to repay the loan through their business operations and cash flow.

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While the specific requirements may vary among lenders, most financial institutions in Assam consider the CIBIL score as an important factor in the loan approval process. A higher CIBIL score indicates a better credit profile and demonstrates a track record of responsible borrowing and timely repayments.

A good CIBIL score helps establish the borrower's creditworthiness and can positively influence the lender's decision to approve a business loan. It also plays a role in determining the loan amount, interest rate, and repayment terms offered by the lender.

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Yes, unsecured business loans do not need security or collateral. Almost all banking and financial institutions offer this service at affordable interest rates. Without putting up any assets or collateral as security, you are eligible to borrow up to Rs 50 lakhs.

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MSME loans in India meet the financial needs of micro, small, and medium-sized enterprises, offering working capital, machinery purchase, infrastructure development, and other requirements. SME loans encompass both MSMEs and larger small and medium-sized enterprises, catering to a wider range of businesses with working capital, expansion, equipment purchase, and funding needs. Additionally, unlike a typical SME business loan, MSME loans are collateral-free and available for relatively new enterprises as well.

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Yes, CIBIT score is absolutely crucial for the lender to evaluate your creditworthiness. A score above 650 will work in your favour while applying for a business loan in Kerala.

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Yes, a CIBIL score or a comparable credit score is typically necessary when applying for a business loan. This score is used by lenders to assess the creditworthiness of the company, its owners, or its guarantors.

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The main difference is in the scope:

- SME (Small and Medium Enterprise) loans can encompass a broader range of businesses, including both small and medium-sized enterprises.

- MSME (Micro, Small, and Medium Enterprises) loan specifically targets micro, small, and medium-sized enterprises, with a focus on smaller businesses.

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Business loans are certainly available, just as they are in many other places, including Indore. These loans, also referred to as unsecured business loans, don't need security. However, depending on the lender, your company's financial situation, creditworthiness, and other circumstances, the terms and availability of such loans may change.

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Yes, typically a CIBIL score or an equivalent credit score is a prerequisite when seeking a business loan. Lenders rely on this score to assess the creditworthiness of the business, its proprietors, or its guarantors.

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The main difference is in the scope:

- SME (Small and Medium Enterprise) loan can encompass a broader range of businesses, including both small and medium-sized enterprises.

- MSME (Micro, Small, and Medium Enterprises) loan specifically targets micro, small, and medium-sized enterprises, with a focus on smaller businesses.

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Yes, unsecured business loans, also known as collateral-free business loans, are available in Lucknow, similar to many other places. These loans do not require assets as collateral. However, the terms and availability of such loans may vary based on factors like the lending institution, your business's financial health, creditworthiness, and specific circumstances.

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The main difference is in the scope:

- SME (Small and Medium Enterprise) loan can encompass a broader range of businesses, including both small and medium-sized enterprises.

- MSME (Micro, Small, and Medium Enterprises) loan specifically targets micro, small, and medium-sized enterprises, with a focus on smaller businesses.

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Yes, unsecured business loans are indeed available in Patna, as in many other locations. These loans, also known as collateral-free business loans, do not require assets as security. However, the terms and availability of such loans may vary depending on factors such as the lending institution, your company's financial standing, creditworthiness, and individual circumstances.

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Yes, typically a CIBIL score or an equivalent credit score is a requirement when applying for a business loan. This score is used by lenders to gauge the creditworthiness of the company, its owners, or its guarantors.

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A good CIBIL score is a good indicator of a borrower's creditworthiness and can be a positive factor in a lender's decision to approve a business loan. It may also impact the lender's loan conditions, interest rate, and loan size.

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SME stands for small and medium enterprise, while MSME stands for micro, small, and medium enterprise. As the names suggest, an SME loan is for businesses that fall into the small and medium enterprise category, while an MSME loan is for businesses that fall into the micro, small, and medium enterprise category.

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Yes, it is possible to get a business loan without collateral in Nagpur. These loans are called unsecured business loans. However, the specific terms and availability of these loans will vary depending on the lender, the financial health of your business, and your creditworthiness.

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Yes, a CIBIL score or a similar credit rating is often a prerequisite when applying for a business loan. Lenders utilize this score to evaluate the business' creditworthiness and its proprietors or guarantors.

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The primary distinction lies in the scope. SME (Small and Medium Enterprise) loans encompass small and medium-sized businesses, whereas MSME (Micro, Small, and Medium Enterprises) loans specifically target these three types of businesses, focusing on smaller enterprises.

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Yes, securing a collateral-free business loan in Agra is possible, much like in various other locations. These loans are typically known as unsecured business loans. Nevertheless, the availability and terms of such loans can vary depending on the lender, your business's financial profile, creditworthiness, and other factors

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Yes. A CIBIL score or an equivalent credit rating is necessary when applying for a business loan. Lenders use this score to evaluate the business' creditworthiness and its proprietors or guarantors

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The main distinction is in the scope. While SME (Small and Medium Enterprise) loans include small and medium-sized businesses, MSME (Micro, Small, and Medium Enterprises) loans focus on smaller enterprises besides targeting these three types of businesses.

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Yes. You can get a collateral-free Business Loan in Bhubaneshwar, much like in many other locations. Known as unsecured business loans, their availability and terms can vary depending on the lending financial institution, your business's financial profile, creditworthiness, and other aspects.

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Yes. A CIBIL score or another official credit rating is a prerequisite when seeking a business loan in Coimbatore. Lenders rely on this score to assess the creditworthiness of the business as well as its owners or guarantors.

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The basic difference lies in the extent of coverage. SME (Small and Medium Enterprise) loans encompass small and medium-sized businesses, whereas MSME (Micro, Small, and Medium Enterprises) loans specifically target smaller enterprises while also encompassing these three categories.

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Yes. You have the option to secure a business loan in Coimbatore without pledging collateral. These are commonly referred to as unsecured business loans, and their availability and conditions can differ based on the specific financial institution, as well as the financial profile and creditworthiness of your business, among other factors.

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Yes, a good CIBIL score is required for a business loan in Ludhiana. A CIBIL score is a credit score that ranges from 300 to 900. A higher CIBIL score indicates that the borrower has a good credit history and is less likely to default on the loan. Lenders use CIBIL scores to assess the creditworthiness of borrowers and to determine the interest rates and loan terms that they will offer.

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An SME loan is a loan that is offered to small and medium-sized enterprises (SMEs). An MSME loan is a loan that is offered to micro, small, and medium-sized enterprises (MSMEs). MSMEs are businesses that have a turnover of up to ₹250 crore and an investment in plant and machinery of up to ₹100 crore. SMEs are businesses that have a turnover of up to ₹500 crore and an investment in plant and machinery of up to ₹250 crore.

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Yes, it is possible to get a business loan without collateral in Ludhiana. These loans are called unsecured business loans. However, unsecured business loans typically have higher interest rates and shorter repayment terms than secured business loans. Lenders also tend to be more selective when approving unsecured business loans, so it is important to have a good credit history and strong financial statements.

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Absolutely, a favourable CIBIL score is a prerequisite for securing a business loan in Kochi. CIBIL, which ranges from 300 to 900, reflects an individual's credit history. A higher score signifies responsible credit behavior and lowers the risk of loan default. Lenders utilize CIBIL scores to gauge borrowers' creditworthiness, which, in turn, influences interest rates and loan terms offered.

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An SME loan is tailored for small and medium-sized enterprises (SMEs), whereas an MSME loan caters specifically to micro, small, and medium-sized enterprises (MSMEs). MSMEs are defined as businesses with turnovers up to ₹250 crore and investments in plant and machinery up to ₹100 crore. On the other hand, SMEs encompass businesses with turnovers up to ₹500 crore and investments in plant and machinery up to ₹250 crore.

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Yes, obtaining an unsecured business loan in Kochi is feasible. Unsecured business loans do not require collateral but typically entail higher interest rates and shorter repayment periods compared to secured business loans. Lenders also tend to be more discerning in approving unsecured business loans, necessitating a strong credit history and robust financial statements for a successful application. can choose a plan that works best for your business. Versatile use of funds: You can use the funds from an unsecured business loan for any business purpose, such as working capital, inventory, equipment, or marketing.

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To qualify for a gold loan, Vapi residents must meet specific requirements, provide necessary documents, and pledge gold jewelry as collateral.

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Not necessarily! Business loans often fall under the unsecured loan category, meaning you don't need to pledge any assets like property or equipment as collateral. However, this depends on various factors like the loan amount, your business's financial health, and your creditworthiness. Some lenders might require a personal guarantee, especially for larger loans or if you're a new business. It's always best to check with the specific lender you're interested in to understand their requirements.

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The diverse world of business loans caters to various needs. Here's a breakdown of some common types:

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Your EMI can differ significantly depending on the lender that you approach and the interest rates they offer on the loan. Another important factor is the tenure for which you apply. A higher interest rate leads to a higher EMI. A shorter tenure means higher monthly payments, while a longer tenure leads to lower EMIs. Some lenders charge processing fees and other charges that increase the total loan amount and indirectly impact your EMI. For a more accurate estimate, use a business loan EMI calculator, readily available online. You'll need to input specific details like interest rate, tenure, and potential fees for a personalized EMI calculation.

For eg,
Let’s consider a business loan of Rs. 10 lakhs, If the Rate of interest is 13% for a time period of 5 years, then as per the formula of [P x R x (1+R) ^N]/[(1+R) ^(N-1)] The business loan EMI would be ₹ 22,753

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Applicants seeking a business loan require a minimum CIBIL score of 700, demonstrating strong creditworthiness. Additionally, their business must maintain a healthy Credit Monitoring Report (CMR) score, ideally below 7, indicating positive financial performance.

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Business loans vary in terms of repayment tenures. Unsecured loans, without collateral, are typically repaid within five years, with a maximum borrowing limit of around Rs 50 lakh. Secured loans, backed by assets, can be repaid within 10 years, with higher loan amounts. However, unsecured loans are commonly taken for 2-3 years, while term loans are usually repaid over 5-7 years.

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Those who qualify, can avail loans in the range of Rs. 40,000 to Rs. 30 Lakhs are offered.

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Most banks and NBFCs have a minimum CIBIL score requirement of 700 for business loans

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Yes, you will have to pay a processing fee in addition to interest rates when you apply for a business loan in Telangana. It is best to verify with the lender first because each one has different fees.

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Begin by researching lenders to find the best fit for your needs, then determine the exact loan amount required. Check eligibility criteria and gather necessary documents, including proof of identity, financial statements, and business registration. After submitting your application, undergo evaluation based on financial health and creditworthiness. Upon approval, carefully review the loan offer's terms before accepting. Following acceptance, the loan amount will be disbursed to your business account, and repayment will commence as per the agreed schedule.

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Yes, it is indeed possible to secure a business loan without collateral in Morbi. Many financial institutions, including banks and non-banking financial companies (NBFCs), offer unsecured business loans that don't require borrowers to provide collateral such as property, inventory, or assets as security. Instead, these loans typically assess the creditworthiness of the borrower based on factors like business turnover, profitability, cash flow, credit history, and the overall financial health of the business. This approach enables businesses in Morbi to access much-needed funding without the burden of collateral obligations, promoting flexibility and ease of borrowing.

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While requirements can vary, most Morbi financial institutions consider the CIBIL score significant for business loan approval. A higher score reflects creditworthiness and responsible financial behavior, often influencing approval and loan terms.

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Yes, a CIBIL score or a comparable credit score is typically necessary when applying for a business loan. This score is used by lenders to assess the creditworthiness of the company, its owners, or its guarantors.

Was this helpful?

Business loans are certainly available, just as they are in many other places, including Jaipur. These loans, also referred to as unsecured business loans, don't need security. However, depending on the lender, your company's financial situation, creditworthiness, and other circumstances, the terms and availability of such loans may change.

Was this helpful?

The main difference is in the scope:

- SME (Small and Medium Enterprise) loan can encompass a broader range of businesses, including both small and medium-sized enterprises.

- MSME (Micro, Small, and Medium Enterprises) loan specifically targets micro, small, and medium-sized enterprises, with a focus on smaller businesses.

Was this helpful?

A favourable CIBIL score serves as an indicator of the borrower's creditworthiness and can have a beneficial impact on the lender's decision to grant a business loan. Additionally, it contributes to shaping the loan amount, interest rate, and repayment conditions extended by the lender.

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As the name suggests, SME Loan is meant for Small and Medium Enterprises covering a broader range of businesses. An MSME Loan, on the other hand, specifically looks into smaller businesses targeting micro, small and medium enterprises.

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Business loans are indeed accessible, as they are in numerous locations, Guwahati included. These loans, often known as unsecured business loans, do not necessitate collateral. Nevertheless, such loans' specific terms and availability may fluctuate depending on the lender, your company's financial standing, creditworthiness, and other factors.

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