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flexiloans
FlexiLoans is an online lending platform, with years of experience in helping businesses and people just like you secure the financing they need to succeed.
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flexiloansHere are a few factors
| Location | PAN India |
| CIBIL Score | 700+ |
| Processing | Online |
| Business Vintage | 1 Year |
| Minimum Turnover | 20 Lac+ |
| Loan Amount & Tenure | 1
Lac-1 Cr (12 month to 36 month) |
| Loan Product | Term Loan & OD Limit |
| Rate of Interest & Type | 18% to 27% (Reducing) |
| TAT | Sanction-2
Days Disbursement-3 Days |
| Processing Fees | Upto 3% |
| Foreclosure Charges | 4% |
| Applicant Type | Any Self Employed Person |
| Whether Co-Applicant Mandatory | Yes if Applicant is Other than Proprietorship Firm |
| Proprietor Age/Co-Applicant Age | 23 year to 65 year |
| Part Payment Allowed | Yes |
| Whether Ownership Proof Required | Yes, either office or residence one should be owned anywhere in India |
| Business Registration Proof Mandatory | Yes |
| Program | Banking -25 Lac, GST Program-25 Lac, Income-1 Cr |
| Product for Professionals | No |
| Negative Profile | School, Advocates, Share Traders, Real Estate |
| USP | 1.
1 Year Business Vintage required 2. Both Side Rented applicant |
| Additional | 100% Shareholding required on Loan if applicant is LLP/Partnership firm/Company |
flexiloans EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 17 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,120 |
| Total Interest | ₹ 9,446 |
| Loan Amount + Interest | ₹ 109,446 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,438 | ₹ 3,922 | ₹ 27,360 | ₹ 76,562 | 23.44 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,554 | ₹ 5,526 | ₹ 82,080 | ₹ 8 | 99.99 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Flexiloans Business Loans
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Note : Flexiloans Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
About Flexiloans Business Loans
It may be a difficult, time-consuming, and stressful process to launch a business. There are so many choices to make and actions to take. How a businessperson will fund their company venture is a crucial choice that has to be made early in the entrepreneurial process. A business loan is among the most common ways to raise funding for your company.
Business loans help you raise funds for your business so that you may, among other things, grow your operations, boost supplies, put your business online, or buy new equipment. The quick supply of cash provided by business loans enables you to complete necessary operations and make payments on time, retaining the flawless operation of your business.
Start with Flexiloans in few steps
If you are planning to apply for a Business loan at Bank Of FlexiLoans there are certain details that you should be aware of, Let’s discuss
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
The minimum sale of the business to apply
for a FlexiLoan Business Loan must be at least Rs. 20 lakhs per year.
FlexiLoans offers
business loans to those businesses that have been running for at least 1 year.
FlexiLoans Business Loans are available to individual corporations, sole
proprietors, and private companies involved in trading, production, or
services.
The minimum age to apply for FlexiLoan Business
Loan is 23
The maximum age to apply for FlexiLoan
Business Loan is 65
While submitting your application for a FlexiLoan Business Loan the applicant will have to submit a few business KYC documents such as a GST registration certificate, Shops & Establishment certificate, and Business PAN Card.
The bank charges a one-time fee for
processing the loan application. They can range from Rs 2,000 to Rs 6,000.
The lender charges this monthly fee for maintaining
the loan account. It can range from 0.025-0.075% per month.
No,
you don’t need to provide collateral to apply for FlexiLoans Business Loan.
With
Flexi Loan Business Loan, one can avail of a maximum loan amount of up to Rs. 1
Crore
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