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IIFL Finance Business Loan

IIFL Finance offers collateral-free business loans up to Rs. 75 lakh to entrepreneurs, MSMEs, proprietorships and various other business entitiesat 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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HDFC Bank
Max Loan Amt.Upto ₹75L
Rate of Interest10.75% - 28%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
ICICI Bank
Max Loan Amt.Upto ₹50L
Rate of Interest13.25% 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Axis Bank
Max Loan Amt.Upto ₹75L
Rate of Interest15% - 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%

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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

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 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:

  • No collateral/security required
  • Quick approval and disbursals
  • Customized loan products and loan tenure
  • Minimum documentation
  • Transparent online and paperless process
  • Special offerings to women entrepreneurs

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.

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Who Can Apply for IIFL Finance Business Loan?

Find below the list of eligible applicants of IIFL Finance Business Loan:

  • Private Limited Companies and Enterprises
  • Self-Employed Professionals: Doctors, CAs, architects, and consultants.
  • Sole Proprietorships, Partnership Firms, Registered Partnerships or Limited Liability Partnerships (LLPs)
  • Traders, Manufacturers, and Service Providers
  • Businesses involved in Trading, Manufacturing, or Services Sectors

Eligibility Criteria

The business loan eligibility criteria set for availing business loans from IIFL Finance are as follows:

  • Salaried individuals aged between 23 years to 65 years with a minimum monthly income of more than Rs. 25,000
  • Business Vintage: Minimum 2 years
  • CIBIL Score: Minimum 700 or above
  • Business should not be a part of the blacklisted or excluded businesses
  • Business location should not be on the negative location list

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:

  • KYC Documents: Identity proof and address proof of the borrower and co-borrowers
  • PAN Card (of borrower and co-borrowers)
  • Last 6 months’ bank statements of the main operative business account
  • Signed Copy of standard terms (for term loan facility)
  • GST Registration (for business loans of Rs 30 lakh)
  • Business Registration Proof
  • PAN Card & Aadhaar Card copy of Proprietor(s)
  • Deed Copy and Company PAN Card Copy in the case of Partnerships
  • Additional Document(s), if required

IIFL Finance Business Loan Customer Care

  • Toll-free number: 1860-267-3000
  • ‌Email: gold-helpline@iifl.com

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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