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Now you can avail IIFL business loan and use it for the expansion of your existing business or start up a new venture. Now the company has also started a hassle-free business loan application process with simple documentation, flexible paying tenures with lower interest rates for small businesses. Apply now at Afinoz. <br>
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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
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.
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.
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.
