Apply For IIFL Business Loan For Small Businesses

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IIFL Business Loan 2021
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Description

• To start a business, you will require two main
  things a business plan and a business loan.
  Sometimes you may have a great idea and may even
  start a new business with a small fund but with
  time your need for a business loan to keep the
  business growth steady will grow. Business loans,
  from banks or other lending institutions, can
  provide you with a great financing solution so
  that you can make most of the opportunities for
  your business growth. Keeping this in mind, IIFL
  Business Loan is available to meet your
  developing financial needs and upgrade your
  business to achieve the required growth. IIFL
  Business Loan is available into three categories
• IIFL Business Loan - Insta Loan Quantum of loan
  up to Rs. 10 lakhs
• IIFL Business Loan - Fast track Loan Maximum
  loan amount up to Rs. 20 lakhs
• IIFL Business Loan Loan up to Rs. 50 lakhs

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DESCRIPTION

• You can avail IIFL business loan and use it for
  expansion of an existing business or start up a
  new venture. The company also offers a
  hassle-free business loan application process
  with simplified documentation, flexible tenures
  and lower interest rates for businesses of all
  sizes. Afinoz.com has an exclusive tie-up with
  IIFL. Therefore IIFL Business Loan
  through Afinoz.com makes your life much easier
  and quicker. IIFL Business Loan interest rate is
  competitive and thus, business owners can achieve
  their dreams of making their business productive
  and more profitable.

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Eligibility Criteria for IIFL Business Loan

• Age Minimum age of the borrower at the time of
  application of loan should be 21 years Maximum
  age at the time of maturity to be 65 years
• Business Vintage The business should have been
  well-established and should be up and running for
  more than 3 years
• Turnover The gross income of the company should
  range from Rs. 30 lakhs to Rs. 10 crores or more,
  per annum
• Work Experience Minimum 2 years of experience in
  the current line of work for Self-employed
  individuals
• CIBIL score Loan approval will be difficult if
  your CIBIL score is low. In some cases, even if
  your credit score is low, but your business is
  doing good then your loan application might get
  approved, but you might be asked to pay a high
  interest rate and will be offered many
  unfavorable terms and conditions on your loan.
• IIFL business loan eligibility calculator Using
  the business loan EMI calculator and business
  loan eligibility calculator at Afinoz.com you can
  easily calculate the exact amount of your monthly
  installment and your eligibility as per your
  potential.

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About IIFL

• IIFL is a leading finance and investment services
  company in India headquartered in Mumbai with a
  global presence in Canada, UK, Singapore, US,
  Hong Kong, Switzerland, and UAE. The organization
  was founded by Nirmal Jain in the year 1995. As
  of today, IIFL has an overall net-worth of Rs. 45
  billion and an employee workforce of over 12,000
  spread across 1150 locations in India. IIFL
  offers diverse financial services such as
  Non-banking and Housing Financial Services,
  Broking, Wealth and Asset Management Services,
  Financial Product Distribution, Investment
  Banking, and Equities. IIFL has been awarded the
  prestigious Best Private Banking Service in
  India for the year 2017 by Euromoney and the
  Best Private Bank in India by Global Finance
  Best Private Bank Awards for the year 2017.

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