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Secured Business Loan - Rates & Charges

The sme business loan is the best way to scale up your business footprint. As compared to unsecured loans, the sme business loan interest rates are lower. Apart from this, a few other charges and fees are applicable over and above the interest rates when you apply for a business loan.

At IIFL Home Loans, the interest rate of a Secured Business Loan starts at 10.45%* and may vary depending on several factors. When it comes to additional charges associated with the loan type, it is as follows:

  • The loan required you to pay a nominal one-time processing fee
  • Late payment of the loan would attract a nominal fee as applicable
  • Other miscellaneous charges include those related to collateral evaluation, stamp duty, registration certificate collection, documentation, amortization charges and so on.
 
Type of Interest Rate

Pricing

Interest Rate

Starting from 10.45%*

Processing Fees Up to 2%
Late Payment charges 18% per annum of outstanding EMI
Collateral evaluation charges Starting from Rs. 5000*

Please get in touch with our customer care representative to know details about our collateral business loans.