| Interest Rate | 12% p.a. onwards |
| Loan Amount | Rs. 75 lakh |
| Tenure | Up to 3 years |
| Processing Fees | Up to 5% + GST* |
| Collateral/Security | Not required for unsecured business loans |
Note: Interest rates as of 2nd Dec, 2025.
IIFL Finance Business Loan
IIFL Finance offers collateral-free business loans up to Rs. 75 lakh to entrepreneurs, MSMEs, proprietorships and various other business entities at an interest rate starting from 12% p.a. Business loans offered by this NBFC are customized to provide instant financial support to business entities without demanding any collateral or security.
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Apply Business Loan Online
Lowest Interest Rates4.5/5
15.5L Reviews
51M+Satisfied Customers
65+Lending Partners
800+Cities across India
Paisabazaar Exclusive Benefits
Paisabazaar Exclusive Benefits
Best Loan Offers
Curated Offers from 20+ Lenders
Unsecured Loan
Term Loan & OD Facilities Available
Expert Advice
Guidance & Assistance
Top Up Facility
Loan to Get Additional Funds
Business Loan EMI Calculator
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₹20 L
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₹1 Cr
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50K2Cr
%
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1Y 10Y
Your Monthly EMI Payment
₹0
Principal Amount₹0
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Total Amount₹0
Find Best Business Loan Offers
HDFC Bank
Max Loan Amt.Upto ₹75L
Rate of Interest16% - 28%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Axis Bank
Max Loan Amt.Upto ₹75L
Rate of Interest11.5% - 19%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Max Loan Amt.Upto ₹2Cr
Rate of Interest11.75% - 26%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Why Choose Paisabazaar?
Choose from 20+ Partner Banks/NBFCs
Pick from Secured & Unsecured Options
Get Working Capital & Top-Up Loan Solutions
Flexible Tenure of Up to 4 years
How Can I Apply for a Business Loan Online?
Get up to ₹1 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Enter OTP to verify your mobile number.
Step 3: Provide your personal details.
Step 4: Select a bank account for account aggregator consent.
Step 5: Compare offers and apply for the best-suited loan.
IIFL Finance Business Loan – Highlights
IIFL Finance Business Loan Interest Rates - 2025
The business loan interest rates offered by IIFL Finance range from 12% to 28% p.a., depending on the loan type, borrower profile, and risk assessment.
Business Loan Interest Rates by Other Lenders:
| Lenders | Interest Rate (% p.a.) |
|---|---|
| HDFC Bank | 10.75 % onwards |
| Axis Bank | 15% - 19.25% |
| Bajaj Finserv | 14% - 25% |
| YES Bank | 17.25% onwards |
| Tata Capital | 12% onwards |
| LendingKart | 13.5% onwards |
| IDFC FIRST Bank | 12.99% onwards |
| Flexiloans | 12% onwards |
| Kotak Mahindra Bank | 9.50% - 30.50% |
| Muthoot Fincorp | 15% - 36% |
| Shriram Finance | 12% to 42% |
| Indifi Capital | 18% onwards |
Note: Interest Rates as of 3rd December, 2025.
Benefits of Choosing IIFL Finance Business Loan
Below mentioned are the key benefits of choosing unsecured business loans from IIFL Finance:
How to Apply for IIFL Finance Business Loan Online via Paisabazaar
Applying for an IIFL Finance Business Loan online via Paisabazaar is a simple and quick process. At Paisabazaar you can check and compare business loan offers from multiple lenders and choose the best that suits your business requirements. Find below the simple steps to apply for IIFL Finance Business loan online:
Step 1: Visit Paisabazaar website or mobile app and go to the ‘Business Loan’ section.
Step 2: Enter your mobile number to authenticate with the received OTP.
Step 3: Browse the list of lenders, select IIFL Finance, and check its offerings.
Step 4: Fill out the application form and provide the required details, such as personal and business details, loan amount required and financial information.
Step 5: Upload the required documents.
Step 6: Submit the application after reviewing all the entered details.
Step 7: Wait for the approval and disbursal.
After application submission, Paisabazaar and IIFL Finance shall process your application, as per the submitted details and revert with their approval or denial.
Who Can Apply for IIFL Finance Business Loan?
Find below the list of eligible applicants of IIFL Finance Business Loan:
Eligibility Criteria
The business loan eligibility criteria set for availing business loans from IIFL Finance are as follows:
Eligible Entities: Business owners, startups, self-employed individuals and professionals, such as doctors and CAs, and proprietorships, partnerships, private limited companies, Limited Liability Partnership (LLPs) and One Person Company (OPC).
Note: Charitable organisations, NGOs, and trusts are not eligible for a business loan.
Fees and Charges
Processing Fees
| Particular | Rates |
|---|---|
| Processing Fees | Up to 5% of the loan amount |
Prepayment/Foreclosure Charges
| Prepayment / Foreclosure Charges | |
| If closed within 1-6 months of EMI repayment | 7% of the outstanding loan amount |
| If closed within 7-24 months of EMI repayment | 5% of the outstanding loan amount |
| If closed after 24 months of EMI repayment | 4% of the outstanding loan amount |
Other Fees & Charges
| Particulars | Fees and Charges |
|---|---|
| Penal/Default Charges | 24% p.a. |
| Document Charges | Up to Rs. 4500 |
| NACH / e Mandate Bounce Charges | Up to Rs. 2500 |
| Bank Swapping Charges | Rs. 500 |
| Other Charges (NESL Reporting) | As Applicable |
Note: The above-mentioned fees, rates and charges are exclusive of GST, which shall be levied as applicable.
Documents Required for IIFL Finance Business Loan
The business loan documents required for availing the IIFL Finance Business Loan are as follows:
IIFL Finance Business Loan Customer Care
How Can I Apply for a Business Loan Online?
Get up to ₹1 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Enter OTP to verify your mobile number.
Step 3: Provide your personal details.
Step 4: Select a bank account for account aggregator consent.
Step 5: Compare offers and apply for the best-suited loan.
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FAQs
IIFL Finance offers business loans, but the NBFC has not clearly stated that they offer loans specifically under Government schemes, such as Mudra Loan under Pradhan Mantri Mudra Yojana (PMMY), Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE) or any other Government-backed loan scheme.
IIFL Finance Business Loan interest rates generally start from 12% p.a. for their unsecured business loans.
To apply for a business loan online, you need to visit Paisabazaar and browse IIFL Finance to apply online by filling in all the required personal and business details. Secondly, you can visit the official website of IIFL Finance and apply directly on their website.
No, you are not required to provide any collateral to avail of their unsecured business loans from IIFL Finance for amounts up to Rs. 75 lakh.
Yes, IIFL Finance is an approved member lending institution (MLI) under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme. However, the loan amount and interest rate are not specifically stated for particular government-backed loan schemes.
To get the exact details regarding the Mudra loan, you need to go to the official website of IIFL Finance or visit the NBFC directly.
Yes, IIFL Finance offers several government-linked financial products tailored for small and micro enterprises (SMEs) in India. However, you need to check with the NBFC directly by visiting their office or official website.
The processing fee charged by IIFL Finance is up to 5% of the sanctioned loan amount plus GST for its business loans. This fee shall be deducted from the loan amount at the time of disbursement.
The repayment tenure offered by IIFL Finance for its unsecured business loans is up to 3 years.
The minimum turnover required to qualify for a business loan from IIFL Finance varies depending on the type of business and loan product.
Yes, startups can apply for a business loan with IIFL Finance, provided they meet specific eligibility criteria defined for new businesses or startups.
Yes, IIFL Finance allows borrowers to pre-close their business loans, either partially or in full, before the scheduled tenure. The foreclosure charges are up to 7% of the outstanding principal amount.
To check the status of your IIFL Finance business loan application, you can call their toll-free number 1860-267-3000 or write an email to gold-helpline@iifl.com.
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Written By
Sumit Kumar
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