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indifi unsecured business loan
The business loan schemes offered by Indifi include Indifi Term Loans, Indifi Business Loan Line of Credit, Indifi Working Capital Loans, Indifi Merchant Cash Advance Loans, etc.
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indifi unsecured business loan
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indifi unsecured business loanHere are a few factors
| Location | PAN India |
| CIBIL Score | 650+, Minus-1 CIBIL, 0 Cibil |
| Processing | Online |
| Business Vintage | 1 Year |
| Minimum Turnover | 20 Lac+ |
| Loan Amount & Tenure | 1
Lac-50 Lac (12 month to 36 month) |
| Loan Product | Only Term Loan No OD Limit |
| Rate of Interest & Type | 17% to 30% (Reducing) |
| TAT | Sanction-2
Days Disbursement-3 Days |
| Processing Fees | 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, Income-50 Lac |
| 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 |
indifi unsecured business loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 16 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,073 |
| Total Interest | ₹ 8,877 |
| Loan Amount + Interest | ₹ 108,877 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,530 | ₹ 3,689 | ₹ 27,219 | ₹ 76,470 | 23.53 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,471 | ₹ 5,186 | ₹ 81,657 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Documents Required for indifi unsecured business loan
Documents Required
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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
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
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
About Indifi unsecured business loan
As a business person, you wouldn't have started your own business without considering the financial risk involved. However, as your company grows and you increase your customer base, more people and outside parties will be looking to profit from working with you, even if it means risking their investment by offering loans without security. This is where the importance of an unsecured business loan steps in. Unsecured business loans are a popular source of financing because they avoid the need for a borrower to provide collateral, which can help borrowers who cannot find or do not have collateral to use.
So have you ever gone to the bank to ask for financing only to hear, "Sorry, you don't have any collateral or enough credit history"? If this has happened to you, you understand that getting a loan without collateral can be difficult. But with a reliable lending platform like Indifi, the process can be certainly simplified for you.
Indifi is your trusted option for unsecured business loans. With their hassle-free approach and flexible repayment options, you can rest assured that your business will get all the funds it needs in no time. At Indifi, we believe that small businesses are the driving force behind a nation’s economy. That’s why our team at Indifi has worked relentlessly to create an unsecured business loan process that is faster and easier than ever before. Indifi offers loans for up to Rs. 1 Cr, which can be repaid in convenient monthly installments. Indifi also offers a variety of business loan options tailored to meet the needs of your business. Let’s discuss their approach and features in detail for a better understanding:
Features:
No Hidden Charges
10 Days Turnaround Time
Transparent Processing
Zero Collateral
1 Year Vintage
Customized Loan
Low-Interest Rates
Flexible Repayment Options
Multiple Lenders
Start with Indifi unsecured business loan in few steps
If you are planning to apply for a business loan at indifi unsecured business loan 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.
Let us take an example, How EMI is being calculated
For instance, if "Shubham" applies for a Indifi Unsecured Business Loan of INR 30 Lacs and get the loan sanctioned at the rate of 20 % with a tenure range of 30 Months , in such a case his EMI would be INR 1,27,889 and complete repayment amount till the end of 30 Months tenure would be INR 38,36,663(i.e 1,27,889 EMI * 30 Months), wherein the total interest amount is INR 8,36,663 along with principal repayment of INR ₹38,36,663. Few additional charges like those of minimal one-time processing fee 3% of the disbursed amount + GST of loan amount may apply. T&C apply.| Year | Principal (A) |
Interest (B) |
Total Payment (A + B) |
Balance | Loan Paid To Date |
|---|---|---|---|---|---|
| 2022 | ₹ 77,889 | ₹ 50,000 | ₹ 1,27,889 | ₹ 29,22,111 | 2.60% |
| Dec | ₹ 77,889 | ₹ 50,000 | ₹ 1,27,889 | ₹ 29,22,111 | 2.60% |
| 2023 | ₹ 10,42,374 | ₹ 4,92,291 | ₹ 15,34,665 | ₹ 18,79,737 | 37.34% |
| Jan | ₹ 79,187 | ₹ 48,702 | ₹ 1,27,889 | ₹ 28,42,924 | 5.24% |
| Feb | ₹ 80,507 | ₹ 47,382 | ₹ 1,27,889 | ₹ 27,62,418 | 7.92% |
| Mar | ₹ 81,848 | ₹ 46,040 | ₹ 1,27,889 | ₹ 26,80,569 | 10.65% |
| Apr | ₹ 83,213 | ₹ 44,676 | ₹ 1,27,889 | ₹ 25,97,356 | 13.42% |
| May | ₹ 84,600 | ₹ 43,289 | ₹ 1,27,889 | ₹ 25,12,757 | 16.24% |
| Jun | ₹ 86,009 | ₹ 41,879 | ₹ 1,27,889 | ₹ 24,26,747 | 19.11% |
| Jul | ₹ 87,443 | ₹ 40,446 | ₹ 1,27,889 | ₹ 23,39,304 | 22.02% |
| Aug | ₹ 88,900 | ₹ 38,988 | ₹ 1,27,889 | ₹ 22,50,404 | 24.99% |
| Sep | ₹ 90,382 | ₹ 37,507 | ₹ 1,27,889 | ₹ 21,60,022 | 28.00% |
| Oct | ₹ 91,888 | ₹ 36,000 | ₹ 1,27,889 | ₹ 20,68,134 | 31.06% |
| Nov | ₹ 93,420 | ₹ 34,469 | ₹ 1,27,889 | ₹ 19,74,714 | 34.18% |
| Dec | ₹ 94,977 | ₹ 32,912 | ₹ 1,27,889 | ₹ 18,79,737 | 37.34% |
| 2024 | ₹ 12,71,062 | ₹ 2,63,603 | ₹ 15,34,665 | ₹ 6,08,675 | 79.71% |
| Jan | ₹ 96,560 | ₹ 31,329 | ₹ 1,27,889 | ₹ 17,83,177 | 40.56% |
| Feb | ₹ 98,169 | ₹ 29,720 | ₹ 1,27,889 | ₹ 16,85,008 | 43.83% |
| Mar | ₹ 99,805 | ₹ 28,083 | ₹ 1,27,889 | ₹ 15,85,203 | 47.16% |
| Apr | ₹ 1,01,469 | ₹ 26,420 | ₹ 1,27,889 | ₹ 14,83,734 | 50.54% |
| May | ₹ 1,03,160 | ₹ 24,729 | ₹ 1,27,889 | ₹ 13,80,574 | 53.98% |
| Jun | ₹ 1,04,879 | ₹ 23,010 | ₹ 1,27,889 | ₹ 12,75,695 | 57.48% |
| Jul | ₹ 1,06,627 | ₹ 21,262 | ₹ 1,27,889 | ₹ 11,69,067 | 61.03% |
| Aug | ₹ 1,08,404 | ₹ 19,484 | ₹ 1,27,889 | ₹ 10,60,663 | 64.64% |
| Sep | ₹ 1,10,211 | ₹ 17,678 | ₹ 1,27,889 | ₹ 9,50,452 | 68.32% |
| Oct | ₹ 1,12,048 | ₹ 15,841 | ₹ 1,27,889 | ₹ 8,38,404 | 72.05% |
| Nov | ₹ 1,13,915 | ₹ 13,973 | ₹ 1,27,889 | ₹ 7,24,489 | 75.85% |
| Dec | ₹ 1,15,814 | ₹ 12,075 | ₹ 1,27,889 | ₹ 6,08,675 | 79.71% |
| 2025 | ₹ 6,08,675 | ₹ 30,769 | ₹ 6,39,444 | ₹ 0 | 100.00% |
| Jan | ₹ 1,17,744 | ₹ 10,145 | ₹ 1,27,889 | ₹ 4,90,931 | 83.64% |
| Feb | ₹ 1,19,707 | ₹ 8,182 | ₹ 1,27,889 | ₹ 3,71,224 | 87.63% |
| Mar | ₹ 1,21,702 | ₹ 6,187 | ₹ 1,27,889 | ₹ 2,49,522 | 91.68% |
| Apr | ₹ 1,23,730 | ₹ 4,159 | ₹ 1,27,889 | ₹ 1,25,792 | 95.81% |
| May | ₹ 1,25,792 | ₹ 2,097 | ₹ 1,27,889 | ₹ 0 | 100.00% |
FREQUENTLY ASKED QUESTIONS
An unsecured business loan is a flexible way to borrow money for business purposes. It allows you to get instant cash without using valuable assets or any collateral such as property, equipment, or machinery.
Applying for a business loan with Indifi takes less than ten minutes. You can apply through ReferLoan or directly from the official website of Indifi. All you need to do is fill in your basic business information, upload supporting documents, and get an answer in less than twenty-four hours.
No, you don’t need to provide any asset or collateral to get an Indifi Business Loan. Therefore, it is called an Unsecured Business Loan.
Yes, the borrowers will have to pay 4% pre-payment charges to close the loan amount early.
It’s easy, you can calculate your business loan EMIs through the EMI calculator available on ReferLoan.
A business loan is a certain amount borrowed from any lender for the purpose of starting or expanding a business.
The minimum ROI of an Indifi Unsecured Business Loan is 17% per annum
The minimum ROI of an Indifi Unsecured Business Loan is 30% per annum
The highest loan amount you can avail with an Indifi Unsecured Business Loan is Rs. 50 Lacs
The minimum loan amount you can avail of with an Indifi Unsecured Business Loan is Rs. 1 Lac.
The processing fee for Bajaj Finserv’s Personal loan is between 3% of your loan amount.
The minimum repayment tenure of Bajaj Finserv's Personal Loan is 12 months.
The maximum repayment tenure of Bajaj finserv's Personal loan is 36 months.
Yes, you can apply for an Indifi Unsecured Business Loan anywhere from India as it holds PAN India access.
The minimum required business turnover to apply for an Indifi Unsecured Business Loan is Rs. 20 Lacs per annum.
To apply for Indifi Unsecured Business Loan your Minimum CIBIL score must be 650
No, to apply for an Indifi Unsecured Business Loan your Minimum CIBIL score must be 650
Yes, to apply for Indifi Unsecured Business Loan your Minimum CIBIL score must be 650
You can go to the official website of Indifi or you can also switch to ReferLoan for an easy and smooth loan application process.
Yes, Indifi accepts minus CIBIL scores for Personal loans.
The minimum required age to apply for an Indifi Unsecured Business Loan is 23
The maximum required age to apply for an Indifi Unsecured Business Loan is 65
Yes, the applicant needs to provide either office or residence ownership proof to apply for an Indifi Unsecured Business Loan.
No, Indifi does not offer any OD Limit on Unsecured Business Loan
If you are planning to apply for an Indifi Unsecured Business Loan, your minimum business vintage must be 1 year.
Any Self-employed individual can apply for an Indifi Unsecured Business loan
Yes, it is not mandatory to provide a Co-applicant to apply for an Indifi Unsecured Business Loan, if the applicant is other than any proprietorship firm.
Yes, it is mandatory to provide Business Registration Proof to apply for an Indifi Unsecured Business Loan.
No, you can’t apply for an Indifi Unsecured Business Loan for a School.
No, any business of Real Estate is considered a negative profile in Indifi Unsecured Business Loan.
No, Advocacy is considered as an adverse profile in Indifi Unsecured Business Loan.
No, share traders are considered an adverse profile in Bajaj Finserv’s Personal Loan.
Yes, partial payment is allowed in an Indifi Unsecured Business Loan.
The foreclosure charges on an Indifi Unsecured Business loan is 4%
It is an unsecured loan so the applicant won’t need to provide any collateral.
Indifi requires 100% shareholding on its unsecured business loan if the applicant is an LLP/Partnership firm/Company.
Bajaj Finserv takes 3 days for the disbursement of a personal loan
Bajaj Finserv takes 2 days for the confirmation of a personal loan
Yes, you can apply for an Indifi Unsecured Business Loan online
The customer care number of Bajaj Finserv is 8448895332
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