IIFL Finance will never request any extra fees during the loan process. All applicable charges are explained at the branch before signing and listed on the Interest Rates and Charges page.IIFL Finance will never request any extra fees during the loan process. All applicable charges are explained at the branch before signing and listed on the Interest Rates and Charges page.
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E-commerce Business Loans

India has a vast and rapidly expanding market with growing internet users and smartphone penetration. The country's population of over 1.3 billion people presents a significant customer base for e-commerce businesses. The rising middle class, increasing disposable incomes, and changing consumer preferences towards online shopping make it an opportune time to tap into this market. Starting an e-commerce business in India is relatively easier and more cost-effective than setting up a physical retail store. This makes it more accessible for entrepreneurs and small businesses to enter the market.

IIFL Finance understands the nuances of setting up an e-commerce business and hence offers business loans that are tailored to every requirement.

An e-commerce business loan is a type of funding provided through a business loan to web or online-based businesses.

E-commerce Business Loan Features and Benefits

Small business loans for e-commerce offer several benefits and features that can be advantageous for online retailers. Here are some of the key benefits and features:

  1. Provides immediate working capital up to INR 50 lakhs to cover operational expenses

  2. Fuels business expansion and growth by funding initiatives

  3. Helps bridge cash flow gaps, ensuring smooth operations and preventing disruptions

  4. In the majority of cases, sellers' collateral is not even required

  5. Processing is as quick as within 48 hours and simpler than at traditional banks

  6. Compared to other loan forms, the interest rates are significantly lower

  7. No restrictions on the physical location of the company

E-commerce Loans Eligibility Criteria

Various qualifications must be satisfied in order to submit an application for a loan for e-commerce business in India. Before submitting an application, reviewing all the information carefully is essential.

  1. If your business is at least six months old, apply now

  2. Please provide proof of your recent quarter's turnover of at least INR 90,000.

  3. Make sure your business is not omitted or on a blacklist

  4. Stay away from unfavourable areas for your workplace or business

  5. Sorry, no trusts, NGOs, or charities are permitted

Documents required for E-commerce Business Loans

In order to ensure a smooth transition of your e-commerce business loan, here are a few essential documents that will be required:

  1. KYC records of you and your co-borrower

  2. Mandatory PAN card of you and your co-borrower

  3. Bank statement for the most recent 6 to 12 months for the main business account

  4. Signed copy of Standard terms (Term Loan Facility)

  5. Additional document(s) for processing loan requests and credit evaluation

  6. GST Registration details

  7. Copy of the owners' PAN and Aadhar cards, as well as their most recent 12 months' worth of bank statements

  8. Proof of a company's registration

  9. Copy of the partnership contract and the company's PAN card

Business Loan EMI Calculator

Estimate your EMI and repayment schedule for business loans.

‌
‌
Your monthly EMI
₹71,735
for 10 years at 12% a year
Principal
₹50,00,000
Total interest
₹36,08,257
Total you'll pay₹86,08,257
₹50 Lakh
₹
₹20 Lakh₹5 Cr*
10 years (120 months)
years
3 years20 years*
% a year
11%28%
‌
‌

*The maximum loan amount of ₹5 Cr and maximum tenure of 20 years (240 months) are subject to eligibility, property valuation and credit assessment.

The EMI shown is indicative and is not a loan offer. Your actual interest rate, loan amount and tenure are confirmed at sanction. Processing fees, GST and other charges are extra, as per our schedule of charges.

Disclaimer: The EMI amount displayed by this calculator is indicative and provided for illustrative purposes only. The actual EMI, interest rate, loan amount, tenure and other applicable terms may vary based on the applicant’s profile, credit assessment, applicable product policies and terms and conditions of IIFL. The calculation does not constitute a loan offer, sanction, approval or commitment by IIFL. Final loan eligibility and terms shall be subject to IIFL’s applicable credit, legal, technical and other assessment criteria. Customers are advised to refer to the loan agreement and applicable terms and conditions for final details.