Loan App – Get 10 Lakh Loan Through WhatsApp – Best Loan App 2023 – Instant Loan App – Personal Loan App


In a bid to simplify the loan application process and cater to the evolving needs of borrowers, IIFL Finance has unveiled a groundbreaking service offering instant loan disbursal via WhatsApp. Recognizing the challenges faced by individuals when approaching banks and traditional financial institutions for loans, IIFL Finance has leveraged technology to provide a seamless and convenient lending experience. Through this innovative initiative, customers can now obtain business loans of up to ₹10 lakh (1 million) using the popular social media platform.

Transforming the Lending Landscape

Traditionally, obtaining a loan from banks and financial institutions has been a time-consuming and cumbersome process, involving extensive paperwork and numerous visits to brick-and-mortar locations. However, IIFL Finance aims to revolutionize the lending landscape by introducing a 24×7 digital lending process with the help of WhatsApp. By embracing the power of instant messaging and the widespread usage of WhatsApp in India, IIFL Finance is set to redefine the loan application experience.

Unleashing the Potential of WhatsApp

With over 450 million WhatsApp users in India, the platform offers a unique opportunity to connect with customers in an easy, convenient, and secure manner. IIFL Finance recognizes this potential and has become the first non-banking financial company (NBFC) in the country to launch instant business loans through WhatsApp. By combining technology, simplicity, and accessibility, IIFL Finance is bridging the gap between merchants and financial institutions, offering a chat-based loan application process that mirrors the way people interact with their friends and family.

Streamlined Loan Application Process

IIFL Finance has seamlessly integrated an AI-bot into the loan application process to ensure a hassle-free experience for borrowers. The AI-bot screens users’ inputs, provides information about the loan offer, and facilitates essential steps such as know-your-customer (KYC) verification, bank account verification (BAV), and mandate setup. This streamlined process eliminates the need for extensive documentation and reduces the time taken for loan approval.

Empowering MSMEs

Micro, Small, and Medium Enterprises (MSMEs) form the backbone of the Indian economy, and access to timely and hassle-free credit is crucial for their growth. Through the instant loan disbursal via WhatsApp, IIFL Finance aims to empower MSMEs by providing them with a digital loan journey that is accessible and convenient. This initiative is a significant step forward in enhancing financial inclusion and supporting the entrepreneurial aspirations of small business owners.

Collaborative Technology

To realize this pioneering initiative, IIFL Finance has partnered with Setu, a technology service provider. Setu’s expertise and digital infrastructure play a pivotal role in enabling a 100% digital loan journey on WhatsApp. By seamlessly integrating their respective capabilities, IIFL Finance and Setu are driving innovation in the MSME lending industry, ensuring that the loan application-to-disbursal process is entirely digital, eliminating the need for physical interactions and paperwork.

How to Avail a Loan?

To get loan from IIFL Finance through WhatsApp, borrowers will have to send a “Hi” to 9019702184, then share basic details. Once the loan is approved, the user will complete know-your-customer procedure (KYC), verify bank transfer details and mandate registration, all on the messaging app, to receive funds in account.


IIFL Finance’s introduction of instant loan disbursal via WhatsApp marks a significant milestone in the Indian lending landscape. By leveraging the ubiquity of WhatsApp and harnessing the power of technology, IIFL Finance has transformed the loan application experience, making it faster, simpler, and more accessible. This groundbreaking initiative not only streamlines the process for borrowers but also empowers MSMEs by providing them with an inclusive and efficient digital lending solution. With IIFL Finance leading the way, it is expected that more financial institutions will embrace similar digital advancements, revolutionizing the lending landscape and driving economic growth across India.

Lets Check Shortly…. 

-> Get a loan on WhatsApp too! That too business loan up to Rs.30 lakh

-> IIFL offers 24×7 end-to-end digital loan facility to its customers.

-> It is one of the largest retail NBFCs in India with over 10 million customers.

-> It offers loans to small businesses.

-> With branches across the country, IIFL offers loans digitally.

-> This is a great option for small businesses looking for a quick loan.

-> WhatsApp users can start the process of getting a loan from IIFL Finance by sending a message ‘Hi’ to 9019702184

-> Loan disbursement through WhatsApp has been made paperless by eliminating the complex steps of loan application.

-> The initiative focuses more on small businesses.

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