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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 10.75%* and may vary depending on several factors. When it comes to additional charges associated with the loan type, it is as follows:
Type of Interest Rate |
Pricing |
Interest Rate |
Starting from 10.75%* |
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.