IIFL Business Loan

IIFL Business Loan Policy - 2023

Age 

22 to 58 years.

Income

30000/M

Process

Online

Loan Amount

30 Lakh

Interest Rate ( Reducing )

15.00% – 32.00%

Processing Fee

2.00% -3.00%

Cibil Score 

650+

Physical Verification 

Credit Decision

Documents Required
  • Pan Card
  • Aadhar Card
  • 12 Month Bank Statement
  • 2 Year Old Business Proof Required
  • Ownership proof of Office or Residence is required Above ( 10 Lakh )

Loan Tenure

1 To 5 Years

Key Points –

  • No Co-applicant required
  • No Itr Require
  • No Ownership Proof Required for below 10 Lakh
  • Insurance mandatory
  • Average bank balance should be 12000/ 
  • No Business Vintage Required For 2 Lakh Loan