Corporate Loan

• The applicant must be engaged in an acknowledged field of business and must have been doing business for at least 5 years.
• Good CIBIL/score and a large past record of successful business operations over many years.
  The applicant has to be an Indian national and must not have any criminal record.
• past loan applications will be evaluated depending on the record of the applicant and records of the repayment of the loans.
• The business should have generated some profits for the last two financial years.
• There should be no past records of any default with any of the financial institutions in case of the business as well as in case of the applicant.

• Business plan as well as plans detailing the use of borrowed funds
• PAN cards of both the business and the applicant
• Records and balance sheets of the business for the past 3 years
• Registrations and licence
• Company establishment certificate
• Business address proof
• Bank statements
• Income tax certificate and Sales tax returns
• Completed application form with passport-sized photographs
• Identity proof, such as Passport, PAN card, Voter’s ID, or driving licence
• Address proof, including documents like electricity bill, water bill, Ration card, or trade licence
• Any additional documents as specified by the lender.

Interest rates on corporate loans vary depending on the provider of the loans, type of loans and credit-worthiness of the corporate borrower in India. In general, interest rates for business loans starting from 9% per annum for both the bank and NBFCs. Unearthing the Benefits of IIFL Corporate Loans

• Flexible Repayment Options: Get an extra long time to pay back your loans at a time that is convenient for your business.
• No Collateral Required: Find the cash you need for whatever purpose without having to offer up securities as collateral.
• Minimal Documentation: Process is very convenient and simple; hardly any paperwork involved when applying.
• Quick Approval: Benefit from swift approval of your loan application.

Extended Repayment Tenure: Repay your loan comfortably over a period of 12 to 48 months.

Corporate loans provided by banks and financial institutions offer a solution, bridging the gap between financial needs and business aspirations. Businesses are constantly evolving to better serve their customers. To facilitate growth and expansion, organizations often require additional funds.