IBL Finance
IBL Finance Limited is a Surat-based RBI-registered NBFC providing digital personal loans via two mobile apps, onward lending to NBFCs, and secured NCDs, serving individual borrowers and financial institutions across India.
- Company typePublic
- Founded2017
- HeadquartersSurat, India
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What IBL Finance does
IBL Finance Limited is a Surat, India-based, RBI-registered non-banking financial company (NBFC) operating since 2017 (RBI Certificate of Registration dated 8 March 2018) and publicly listed on the NSE SME platform since January 2024 following a ₹33.41 crore IPO. The company provides a digital-first lending platform built around two Android mobile applications (IBL Money: Instant Loan App and IBL: Instant Personal Loan App) that deliver unsecured personal loans to individual borrowers, with interest rates of 12.00%–43.20% per annum on EMI loans and 0.10%–1.00% per day on Pay Day loans. As of May 2025, the company had disbursed ₹250+ crore to 1,86,000+ customers, reached 10 Lakh+ app downloads, and crossed ₹100 crore in AUM. Beyond retail personal loans, IBL Finance offers Onward Lending to financial institutions (NBFCs and banks) at 14%–30% p.a. with tenures up to 36 months, and since June 2026 has issued secured, redeemable Non-Convertible Debentures (13% coupon, January 2028 maturity) as a third product line.
The company's technology stack combines a proprietary Prime Lending Rate benchmark (IBLPLR, 18%), digital KYC with selfie verification, automated loan approval and disbursement to bank accounts, and integration with four credit bureaus (CIBIL, CRIF High Mark, Equifax, Experian), payment rails (NPCI, Paytm), and verification services (NSDL, CERSAI, DigiO). Risk and operational automation includes financial SMS parsing for cash-flow credit decisioning, device fingerprinting for fraud detection, and automated SMA/NPA account classification. The business model is primarily net interest margin and processing fees, with processing fees of up to 10% on personal loans and up to 4% on institutional facilities, plus one-time charges for documentation (up to ₹2,00,000) and due diligence (up to 4%). Distribution is hybrid: PLG via mobile apps and the iblfinance.in website, supplemented by channel partners (IFAs, MFDs, wealth firms) for NCD distribution and dedicated relationship managers plus DSA/DMA/RA partners for B2B onward lending. The company holds a BBB- long-term investment grade credit rating from Acuité Ratings (March 2026) and ISO 9001:2015 certification.
IBL Finance firmographics
Firmographics- Name
- IBL Finance
- Legal name
- IBL Finance Limited
- Website
- https://iblfinance.in
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- IBL Finance Limited is a Surat-based RBI-registered NBFC providing digital personal loans via two mobile apps, onward lending to NBFCs, and secured NCDs, serving individual borrowers and financial institutions across India.
- Ownership category
- akta.pro rank
IBL Finance industry classification
Industry- Product category
- Digital Consumer Lending
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Direct-to-Consumer (D2C) Personal Lending Platforms (Unsecured Installment) (FSAKAAAK)
- akta.pro secondary industries
- Emergency & Short-Term Installment Personal Loans (Unsecured) (FSAKAAAH), Asset-Based Lending (ABL) (FSANADAD)
Keywords
Where IBL Finance is headquartered
LocationHeadquarters
- HQ city
- Surat
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
IBL Finance business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Others, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Interest Income from Personal Loans: Interest income from unsecured digital personal loans (Pay Day Loans and EMI Loans) charged to individual borrowers based on credit assessment
- Interest Income from Institutional Lending: Interest income from Onward Lending to Financial Institutions (NBFCs, banks) with longer repayment tenure and secured/unsecured facilities
- Processing Fees: One-time processing fees charged on loan disbursement: up to 10% for personal loans, up to 4% for financial institutional lending
- NCD Issuance: Non-Convertible Debenture issuance for raising debt capital from investors at specified coupon rates (13% for June 2026 issuance)
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Digital Personal Loan (Pay Day Loan) |
| Subscription | Monthly | Digital Personal Loan (EMI Loan) |
| Subscription | Monthly | Financial Institutional Lending |
| One time/ perpetual license | Multi-year contract | NCD (Non-Convertible Debenture) |
| Transaction based/ take rate | Pay-as-you-go | Personal Loan - Processing Fees |
| Transaction based/ take rate | Pay-as-you-go | Financial Institutional Lending - Processing Fees |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels4 records
IBL Finance product offering
Product offeringCore offering
IBL Finance Limited is a technology-driven RBI-registered NBFC providing unsecured digital personal loans (Pay Day Loans and EMI Loans) to individual borrowers through its proprietary Android apps IBL Money and IBL: Instant Personal Loan, with end-to-end paperless onboarding, instant approval and bank-account disbursement. It also extends Onward Lending facilities to NBFCs and financial institutions at 14%–30% per annum, and issues secured redeemable Non-Convertible Debentures (NCDs) with a 13% coupon to raise debt capital from investors.
Product overview
IBL Finance Limited operates as a technology-driven NBFC offering a digital lending ecosystem. The core product portfolio consists of unsecured Personal Loans through two mobile apps (IBL Money: Instant Loan App and IBL: Instant Personal Loan App), Onward Lending for financial institutions, and NCD investment products. The company provides digital personal loans with interest rates ranging from 12.00% to 43.20% per annum (EMI Loan) or 0.10% to 1.00% per day (Pay Day Loan), with loan disbursement within four days of completed application. Supporting infrastructure includes a payment portal for EMI management and a mandate cancellation service. For institutional lending, Onward Lending offers rates of 14% to 30% per annum with tenures up to 36 months. NCDs provide secured fixed-income investment options.
Differentiator
Problem solved
Functional benefit
Products and services
- IBL Money: Instant Loan App Android mobile application providing end-to-end digital personal loans (Pay Day and EMI) with five-step processing: app download, KYC entry, instant approval, auto-debit setup and direct bank-account disbursement. Targeted at salaried, self-employed and pensioner borrowers across India.
- IBL: Instant Personal Loan App Android mobile application for unsecured personal loans with online application processing and instant approval, offered as a parallel digital channel to IBL Money. Targets retail borrowers across India.
- Personal Loans (Pay Day Loan and EMI Loan) Unsecured digital personal loans for individual borrowers with two variants: Pay Day Loan (interest 0.10%–1.00% per day) and EMI Loan (interest 12.00%–43.20% per annum). Fully digital application, KYC, approval and disbursement into the borrower's bank account with no foreclosure or prepayment charges.
- Onward Lending (Financial Institutional Lending) B2B lending product addressing the fund requirements of NBFCs, HFCs and other financial institutions with long-term repayment tenure up to 36 months. Interest rates range from 14% to 30% per annum; processing fees up to 4% of facility amount, documentation charges up to ₹2 lakh, due diligence up to 4%, foreclosure up to 5%.
- NCD (Non-Convertible Debentures) Secured, redeemable non-convertible debentures offering a fixed 13% coupon, ₹10 lakh per NCD unit, with multi-year tenor (e.g., maturing 11 January 2028). Distributed via IFA/MFD/Wealth firm channel partners and the company's website to retail and HNI investors seeking fixed-income yield.
Quantifiable outcome
- ₹250 Cr+ loans disbursed to 1.86 lakh+ customers
- +3 more outcomes
Companies that use IBL Finance
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles4 records
IBL Finance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability8 records
Feature3 records
IBL Finance partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core.
- Acuité Ratings & Research LimitedcoreCredit rating agency providing BBB- long-term investment grade rating with stable outlook, enabling company to access capital at competitive rates and enhancing market positioning
- Reserve Bank of India (RBI)coreRegulatory authority that registered IBL Finance as NBFC under section 45 IA of RBI Act 1934. Company operates under RBI guidelines including NBFC Master Directions and Responsible Business Conduct Directions
- CIBILcoreCredit information bureau providing credit history data for borrower assessment and credit reporting
- CRIF High MarkcoreCredit bureau partner for credit information and borrower risk assessment
- ExperiancoreInternational credit bureau providing credit data and analytics for borrower evaluation
- EquifaxcoreGlobal data analytics and credit rating company providing credit information services
- NSE (National Stock Exchange)coreStock exchange where company is listed on SME platform, enabling public trading of equity shares
- NPCI (National Payments Corporation of India)corePayment infrastructure provider enabling UPI, NACH mandates, and digital payment processing for loan disbursements and repayments
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
IBL Finance competitors and assessment
Company assessmentDirect peers
- KreditBee: India-headquartered D2C digital personal loan platform targeting salaried and self-employed borrowers in Tier II/III cities. Closely comparable to IBL on product, customer segment, and mobile-first distribution model.
- Money View: Digital lending app offering personal loans, salary advances, and small-ticket credit to Indian consumers. Direct competitor to IBL Money and IBL Instant Personal Loan on app-based D2C unsecured lending.
- CASHe: Short-term personal loan and salary advance platform serving young working professionals in India. Overlaps with IBL's Pay Day Loan and short-tenure EMI products in customer profile and pricing band.
- EarlySalary: Salary advance and personal loan fintech providing instant credit to salaried employees. Comparable to IBL in targeting salaried borrowers with short-duration, app-based personal loans.
- Fibe (formerly EarlySalary): Digital lending platform offering personal loans and salary advances, particularly to young professionals in India. Direct comparable to IBL on product, customer profile, and mobile-first distribution.
Broad incumbents
- Navi Technologies: Indian fintech offering personal loans, home loans, and insurance with a digital-first approach. Comparable to IBL on digital personal lending and broader NBFC positioning, but with a much larger and more diversified product set.
- Bajaj Finance: One of India's largest NBFCs offering personal loans, consumer durable finance, and business loans. Useful as a broad incumbent benchmark for the Indian unsecured personal loan category IBL operates in.
- IIFL Samasta Finance: Established Indian NBFC offering personal loans, microfinance, and institutional lending. Comparable to IBL's onward lending-to-NBFC business model and broader NBFC positioning, with deeper institutional scale.
Emerging players
- PaySense (now part of PayU): D2C digital lending platform (now part of PayU's LazyPay) offering personal loans to Indian consumers. Comparable to IBL's app-based consumer credit model with a focus on thin-file borrowers.
Regional players
- Spice Money: India-focused digital financial services platform providing loans and credit to underserved segments. Comparable in customer profile (Tier II/III, thin-file) and digital-first delivery, though regionally varied product mix.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
IBL Finance social profiles
Digital presenceIBL Finance compliance and trust
Trust signalCompliance3 records
IBL Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
IBL Finance leadership team
Management profileNumber of profiles
Profiles1 record
IBL Finance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IBL Finance M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IBL Finance
What does IBL Finance do?
IBL Finance Limited is a technology-driven RBI-registered NBFC providing unsecured digital personal loans (Pay Day Loans and EMI Loans) to individual borrowers through its proprietary Android apps IBL Money and IBL: Instant Personal Loan, with end-to-end paperless onboarding, instant approval and bank-account disbursement. It also extends Onward Lending facilities to NBFCs and financial institutions at 14%–30% per annum, and issues secured redeemable Non-Convertible Debentures (NCDs) with a 13% coupon to raise debt capital from investors.
Is IBL Finance a public or private company?
IBL Finance is a public company. It is classified as public and is currently operating.
When was IBL Finance founded?
IBL Finance was founded in 2017. It employs 51 to 100 people.
Where is IBL Finance based?
IBL Finance is headquartered in Surat, India, in the Asia region.
How does IBL Finance make money?
Four revenue lines are on record. Interest Income from Personal Loans are the primary driver. The others are interest Income from Institutional Lending, processing Fees and NCD Issuance.
Who are IBL Finance's main competitors?
Direct peers on record are KreditBee, Money View, CASHe, EarlySalary and Fibe (formerly EarlySalary). Broad incumbents are Navi Technologies, Bajaj Finance and IIFL Samasta Finance. PaySense (now part of PayU) is listed as an emerging player. Spice Money is listed as a regional player.
Does IBL Finance have an API?
No public API is recorded for IBL Finance.
What industry is IBL Finance in?
IBL Finance's product category is Digital Consumer Lending. Its primary akta.pro industry code is FSAKAAAK, Direct-to-Consumer (D2C) Personal Lending Platforms (Unsecured Installment), with a secondary code of FSAKAAAH, Emergency & Short-Term Installment Personal Loans (Unsecured). Its NAICS code is 522 and its SIC code is 6141.