1. The business should be operating for at least two years at the time of applying for a loan.

2. Self-employed people, professionals such as doctors and CAs, and proprietorship

concerns can also apply.

3. Charitable organisations, NGOs, and trusts are not eligible for a business loan.

4. The applicant should have a credit score, or CIBIL, score of 700 and above.

5. The business should not fall under any list of blacklisted businesses.

6. The office location should not be on any negative list.

IIFL Finance Business Loan Highlights

Interest Rate 12.75% to 44.00% p.a.

Loan Amount Up to Rs 50 lakh

Loan Tenure Up to 3 years

2% to 9% plus GST with an additional amount of up to Rs 500

Processing fees
convenience fees

Particulars Rates

2% to 9% plus GST with an additional amount of up to Rs 500 charged

Processing fees
Convenience fees