IIFL launches IIFL Secured Bonds 2023 with an annual effective yield of 9.00%

We all have our own needs and desires, which we fulfill by earning or taking loans. IIFL Finance Limited is a Non-Deposit Accepting or Holding Non-Banking Financial Company and is registered with RBI. This bank caters to the loan related needs of the people, that too with its excellent products.  IIFL gives all types of loans. Its clients include retail and corporate clients. It offers home loans, gold loans and business loans. In business loans, you can take many types of loans, such as medium and small loans, micro loans, loans for construction and real estate, etc.

IIFL has several other subsidiaries, including IIFL Home Finance Limited, IIFL Samasta Finance Limited, IIHFL Sales Limited and IIFL Open Fintech Private Limited. Apart from this, the company has brought IIFL Secured Bonds 2023, on which you get an annual effective yield of 9.00%. This is the highest yield for the cumulative series with monthly, annual and 60 month duration. Its face value is Rs 1000 per NCD.

IIFL Secured Bonds is available in 2023 with various interest payment options such as 24, 36 and 60 months tenure and frequency tenures. Proposed to be listed on BSE and NSE. Trading will take place only in dematerialized form. No TDS on interest as the holding will be in demat mode. It is completely safe which is rated AA/Stable by CRISIL. At the same time, ICRA has also given it a rating of AA / Stable. Both of these ratings indicate a high level of security regarding its service. Such products reduce the credit risk very much. The closing day of IIFL Secured Bonds 2023 scheme is January 18, 2023.