Features and Application Process of IIFL Business Loan

IIFL is another leading Business Loan provider in the nation which extends attractive benefits to a borrower right from quick approval of loans to affordable Business Loan interest rate along with longer loan terms.  

IIFL Business Loan mainly relies on the elements like profits generated by the business in the past 3 years, credit past, etc., consisting of the borrower’s needs and his/her repayment history.  

Features and benefits of IIFL Business Loan  

Here are some of the basic cum core features and benefits of IIFL Business Loan. Take a look at them to decide smartly:  

• You can check your eligibility for IIFL Business Loan online in accordance with your requirements within a minute.  

• You can avail of IIFL Business Loan within 3 to 4 working days into your bank account based on your requirements. 

• IIFL Business Loan is completely free from collateral demand based on EMI’s.  

• The highest amount of IIFL Business Loan depends upon the quality and size of your business including the profits being produced every year.  

• The lender gives flexibility to its customers in the form of loan terms which can vary from 12 months to 48 months.  

• The lender gives a high level of transparency to its customers about the charges engaged at every step of the loan procedure. 

• Legal and technical recommendation at every step of the IIFL Business Loan process is extended.  

• The processing fee on IIFL Business Loan is around 3% of the loan amount.  

• The application process is quite simple and easy alongside the documentation process.  

• There are no hidden charges.  

• There are zero foreclosure charges.  

• The lender levies very low pre-payment charges.  

• You can relish lower EMIs with the added advantage of getting additional funds by transferring your existing Business Loan to IIFL and saving on your interest segment.  

• The loan amount can be availed in-between the range of Rs. 1 lakh to Rs. 50 lakhs.  

Application Procedure of IIFL Business Loan 

There are many ways to avail of the IIFL Business Loan across the space, yet, the most convenient one is Afinoz. Yes! IIFL holds an exclusive tie-up with Afinoz India.  

Thus, if you are seeking a Business Loan from IIFL at appealing rates and terms, you can undoubtedly and simply log on to Afinoz.com to check your Business Loan eligibility and apply for the same.  

To apply for Business Loan from IIFL with the help of Afinoz India, simply follow the below mentioned 3 simple steps:  

• Check your eligibility 

Firstly, make sure you fulfill the IIFL Business Loan eligibility criteria on Afinoz.com. What all you need to do for that is submit some basic details concerning you and your business like the city, mobile number, email id, employment type, business turnover, via Afinoz’s Business Loan eligibility page.  

After you have submitted your details, the system intelligence of Afinoz will then run an algorithm and get you a swift quotation on the best Business Loan alternatives available for you within a minute.  

• Choose the loan amount and tenor  

After you fulfill the eligibility criteria, choose the loan amount and term in accordance with your eligibility and submit.  

• Upload and submit documents  

The eventual step is to fill in the application form along with details of the KYC documents and submit your application for processing from IIFL. The institution then verifies the applicant's details and commences processing the loan for disbursement.  

The Upshot  

To wrap up, you can avail of IIFL Business Loan and utilize it for broadening your existing business or commencing a new venture.  

The lending entity also extends a hassle-free Business Loan application procedure with simplified documentation, flexible terms, and lower rates of interest for businesses of all sizes.