Secured Business Loan is a non-housing loan product intended at providing customers with funds by mortgaging their pre-owned property or for purchasing Non-residential property. This is a secured loan that can be availed at IIFL HFL not only against constructed residential or commercial properties, but also against a plot of land. It has lower rate of interest as compared to an unsecured personal loan or a business loan.
At IIFL HFL, the interest rate of Secured Business Loan start at 10.00%* and may vary depending on several factors. The loan tenor is offered upto 15 years. We have different programs with the help of which both salaried as well as self employed can avail loan to meet their personal as well as business requirements.
To cater financial needs of small business owners, we have customized low ticket product as well. Maximum loan amount that can be availed under small ticket LAP is up to Rs 35 lacs. Expanding our footprint, we offer this loan to small set-up owners including kirana store, mobile store, or restaurant.
You can quickly arrive at an EMI amount using IIFL HFL’s EMI calculator where all you check what will be the EMI if you take a specific loan amount at say “x%” interest for 10 or 15 years. However, to estimate how much loan amount you can get given your monthly income and other parameters like other EMIs, you must try IIFL HFL’s Loan Eligibility Calculator.
With lower EMIs, attractive interest rates and repayment tenure upto 15 years, IIFL’s Secured Business Loan help you to manage your finances and repay your loan comfortably.
If you have already taken a Secured Business Loan from another bank or NBFC and are unhappy with the service or wish to reduce the EMI burden, you can apply for Balance Transfer and save money.
Note: *Applicable only if case property is owned by female borrower/ co-borrower