IBL Finance was originally incorporated as a private company in the name and style of ‘IBL Finance Private Limited’ under Companies Act, 2013 vide certificate of incorporation dated August 03, 2017 issued by Registrar of Companies, Central Registration Center. The company was converted into a public limited company pursuant to the special resolution passed by the Shareholders of the Company at the Extra-Ordinary General Meeting held on April 27, 2023 and consequently upon conversion, the name of the company was changed to ‘IBL Finance Limited’ vide a fresh certificate of incorporation dated May 22, 2023.

IBL Finance commenced its lending business to self-employed professional and small business entrepreneurs during the financial year March 31, 2019. Subsequently, from the Fiscal 2020 it migrated to fintech based financial services platform. As a technology-driven fintech company, it leverages technology and data-science to make lending quick and easy. The company through its mobile App provides instant personal loans which is almost 100% digital process. It launched personal loans business to fulfil the needs of the underserved Indian population. Its digital personal loan offering is well-suited to address the needs of the growing digitally connected Indians.

The company’s digital lending process is the key differentiators driving business growth. The process of downloading the IBL: Instant Personal Loan App, completing the entire loan application and receiving the approval in under 5 minutes and disbursement of the proceeds of the loan in their bank account is within 24 hours. Its personal loan is repaid in equal monthly installment basis (EMI) over the tenure of the loan. Its extensive range of ticket sizes and tenors of loans can address a large number of use cases such as: (a) planned personal expenses, e.g., home renovation, travel, high ticket purchases and weddings, (b) emergency medical expenses, and (c) short-term business needs.

Business area of the company

The company commenced its lending business to self-employed professional and small business entrepreneurs during the financial year March 31, 2019. Subsequently, from the Fiscal 2020 it migrated to fintech-based financial services platform that leverages technology and data-science to provide instant personal loans. 

History and milestones

• 2017-18: Incorporation of the Company in the name and style of ‘IBL Finance Private Limited’.
• 2018-19: Received certificate of registration to commence business of non-banking financial institution without accepting public deposits.
• 2020-21: Launched a personal loan application on Google Playstore named IBL: Instant Personal Loan’.