Business Loan Interest Rate

IIFL SME Loans ensure that your finance needs are met promptly and that your can focus on business growth without worrying for day-to-day business expense needs.

IIFL SME Business Loans are available at attractive rates and the documentation requirement is minimum. Here’s a glance at the charges levied upon your SME Loan:

Rate of Interest18 to 25% p.a.
Processing feeUpto 3% of the loan amount
Charges on late payments2% per month on overdue amount from date of default
Prepayment Charges4% of the outstanding amount
PDC/ECS/ACH dishonor ChargesRs500/- per instance
PDC/ECS/ACH swapping chargesRs500/- per instance
Stamp Duty & other statutory chargesAs per applicable laws of the State

Note: GST and other Government taxes, levies etc. applicable as per prevailing rate will be charged over and above the Fees and Charges

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