FlexiLoans is offering up to 1 crore unsecured business loans. This loan is applicable for MSMEs, SMEs & small businesses, etc. FlexiLoans is a registered NBFC (non-banking financial company) company.
FlexiLoans charge a 12% interest rate per annum. You may get this loan with minimal documents. FlexiLoans business loan is helping to extend the current business.
FlexiLoans Business Loan Quick Recap
Interest Rates | 12% p.a. |
Processing Fees | Up to 2% of the loan amount |
Loan Tenure | 1 year to 5 year |
CIBIL Score | -1 / 700+ |
Loan Amount | Rs. 50,000 – Rs. 1 crore |
Eligible For | Self-Employed Business |
Benefits of FlexiLoans Business Loan
Online Process: The loan application process is online. You can apply the entire process without going to any brunch.
Higher Loan Amount: FlexiLoans gives you up to 1 crore business loan.
Flexible Tenure: FlexiLoans business loan offering 12-month to 60 months loan repayment tenure.
Processing Fees: You have to pay up to 2% processing fees only.
Collateral-free: The FlexiLoans is a collateral-free business loan. That means you may apply for a loan with a co-applicant.
Quick Disburse: You may receive the fund within 48 hours. FlexiLoans provide a fast loan disbursement process.
Also Read: Lendingkart Business Loan Apply
Types of FlexiLoans Business Loan
Term Loan for Business
Term Loan is available for business growth in the form of working capital, overdraft, and equipment financing. This is a short-term loan.
Loan Amount: Up to 1 crore
Tenure: Up to 24 months
Interest: 12% p.a.
Loan Against POS
A loan against POS means you can get the loan against a point of sale (POS) machine. This is a merchant cash advance (MCA) loan. Within 48 hours, you will get the loan.
Loan Amount: Up to 1 crore
Tenure: Up to 36 months
Interest: 12% p.a.
Line of Credit
FlexiLoans provides a line of credit loans to customers. This is an instant credit limit feature. The money will credit within 2 days.
Loan Amount: Up to 1 crore
Tenure: 3 months to 36 months
Interest: 12% p.a.
Also Read: Bandhan Bank Business Loan
Vendor Financing
Purchase goods or services from vendors through FlexiLoans vendor Financing loans.
Loan Amount: Up to 2.5 crore
Tenure: Up to 36 months (loan against invoice tenure 30 to 120 days)
Interest: 12% p.a.
Eligibility Criteria for FlexiLoans Business Loan
- The applicant should be Indian Citizenship
- The required age should be 21 to 65 years
- An annual business turnover of 12 lakhs required
- Business should be a minimum of 1 year old
FlexiLoans Documents Required
As an applicant, you will require the following documents to apply for a FlexiLoans business loan:
- Aadhaar Card
- Pan Card
- GST Registration proof
- Last 2-year ITR File
- Shop and establishments Act Registration Certificate (Trade License)
- GST Returns for the past 6 months
- Residential Proof (Electricity bill/ Gas bill / Water bill)
How to Apply for FlexiLoans Business Loan
Step 1: Click on the “FlexiLoans Business Loan” button.
Step 2: Fill in the basic details.
Step 4: Send all the documents at 24hrloan2022@gmail.com
Step 5: Our customer representative calls you for the verification process.
Step 6: After applying, FlexiLoans will check your eligibility.
Step 7: If you are eligible, you will get the loan.
Also Read: Can I get business loan up to 25 lakh?
FlexiLoans Business Loan Customer Care
If you have any FlexiLoans-related queries, you may contact customer care. They will solve your problems within 24 hours.
Customer Care Number: 07948061722
Email ID: connect@flexiloans.com
Customer cares are available from 10 am to 7 pm.
FAQs on FlexiLoans Business Loan
What is the FlexiLoans customer care number?
FlexiLoan’s customer care number is 07948061722. Also, you can send the email to connect@flexiloans.com
Is FlexiLoans available for Self Employed businesses?
Yes. FlexiLoans are available only for Self- employed business owners.
Can I apply for FlexiLoans at zero CIBIL?
You can apply for a FlexiLoans business loan with a zero CIBIL score.
Is FlexiLoans safe to use?
FlexiLoans is a registered NBFC company. This is 100% safe to use.
What is the interest rate of FlexiLoans?
FlexiLoans’ interest rate starts from 12% per annum.