IIFL Business Loan

Following are the key highlights of IIFL loan for business

IIFL Finance business loan interest rates are low and floating in nature. Following are the details of IIFL business loan rate of interest:

Here are the key eligibility criteria for an IIFL Finance business loan -

• Type of Business: Proprietorship
• Business Vintage: Minimum 2 years
• Age: 23 to 65 years
• Type of Bank Account: Current Account / Savings Account
• CIBIL Score: IIFL Finance considers a CIBIL score of 700 and above to find the applicant eligible for a business loan. Also, a strong financial history and submission of all the relevant documents are contributing factors towards a strong business loan application.

All business loan applicants are required to fulfil the IIFL business loan eligibility criteria mentioned above before submitting the relevant documents for business loan disbursement.

There is no generic documentation requirement list as such but the documents required for IIFL business loan depend on the magnitude of your business loan amount.

Documents Required for Loans up to Rs. 10 Lakhs

• KYC documents – Identity proof and address proof of the borrower and all co-borrowers.
• PAN Card (Individual)
• Aadhaar Card (Individual)
• Business Vintage Proof (at least 2 years)
• Minimum 6 months (CA/SA) bank statement
• Additional document(s) may be required for credit assessment and processing of loan requests.

Documents Required for Loans up to Rs. 30 Lakhs

• KYC documents – Identity proof and address proof of the borrower and all co-borrowers.
• PAN Card (Individual)
• Aadhaar Card (Individual)
• Business Vintage Proof (at least 2 years)
• GST with minimum 2 years vintage
• Minimum 12 months (CA/SA) bank statement
• Additional document(s) may be required for credit assessment and processing of loan requests.

Following are the main charges involved in availing of an IIFL business finance:

You can apply for IIFL Finance business loans online.

• Visit the IIFL business loan page.
• Click “Apply Now” and fill out the online application form.
• Submit your bank statements and other required business documents.
• Upload KYC documents.
• ‌If the lender approves your loan, we will deposit the money into your bank account within 48 hours after approval.

You can check your IIFL business loan application status with the following steps:

• Contact the lender: You can call/ visit the lender to inquire about your business loan status. Keep your loan number handy to make this process smoother.
• Check your account online: If you have an online registered account with IIFL, you can log in to your account and check your business loan status and other details.
• Check your email: Most lenders generally email updates about the status of your loan. Check your inbox or even the spam folder to see any updates from your lender.
• Visit the lender's website: Most lenders have a section where you can track your loan status by entering your loan number/ personal information.
• Send a written request: You can also write a letter to your lender asking for an update on your loan status.

In case you have any query, complaint, suggestion or feedback regarding IIFL business loan, you can contact the IIFL business loan customer care number.

• Phone: 1860-267-3000, 7039-050-000
• Time: 09.30 am to 6.00 pm from Monday to Friday and 09.30 am to 4.00 pm on Saturdays
• Closed on: Sundays and Public Holidays