FlexiLoans is a Non-Banking Financial Corporation (NBFC) offering loans to small and medium scale businesses in the country. The main aim of FlexiLoans Business Loans is to provide funds to small businesses as per their capital requirements. As a business owner, you can get a loan of up to Rs. 50 Lakhs. The rate of interest charged by FlexiLoans is very low, i.e., 12% per annum. So, apply for FlexiLoan Term Loan on Finserv MARKETS today.
Features and Benefits of FlexiLoans Business Loan
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Flexible Repayment Structure
FlexiLoans Business Loans have a flexible repayment module ranging from 12 – 36 months. The applicant can mention their preferred repayment module in the application form and pay their EMI accordingly.
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Lower Interest Rates
FlexiLoans offer minimal interest rates (starting at 12%) that are economical for the applicant in comparison to their competitors in the market.
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Fast and Quick Procedure
From application to disbursal of funds, FlexiLoans offer a fast and seamless procedure to render a hassle-free experience to their customers.
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Minimal Processing Fees
FlexiLoans charges 1.5%-2.5% of the loan amount as processing charges.
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Easy digital process
With the entire loan process being completely online, the KreditBee Business Loan is easy to avail.
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Zero Collateral
The FlexiLoans Business Loans do not require any collateral against the loan amount. This feature is helpful for many small business owners.
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Quick Documentation Process
FlexiLoans have very simple eligibility criteria with a basic documentation process, enabling the applicants to enjoy a stress-free experience.
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Quick Fund Disbursal
Once a FlexiLoan application is approved, the applicants receive funds in their bank accounts within 48 hours.
Why Choose Finserv MARKETS
How to Apply for FlexiLoans Business Loan
If the entire process of making a loan application, submission of the relevant documents and going through the loan fine print makes you stressed and worried, you can simply choose to apply for this loan on the Finserv MARKETS platform. Here’s a look at the easy and simple steps that you need to follow:
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FlexiLoans Term Loan: Eligibility & Documents
- The applicant should be a native of India.
- Your age must be between 21 and 65 years.
- The annual turnover of your business must be at least Rs. 12 Lakhs.
- Business vintage of at least 1 year is mandatory.
- PAN card
- Address proof: Rental agreement/Driver's license/Voter's ID/Ration card/Aadhaar Card/Passport
- Current account bank statement of last 6 months
- GST registration certificate / Shops and establishment certificate
- Audited financials of last 2 years, ITR of last 2 years, GST Returns of past 6 months (if the loan amount is greater than Rs. 20 Lakhs)
FlexiLoans Term Loan Interest Rate & Charges
The interest rate and other charges levied on the FlexiLoans are -
Interest Rate |
Starting at 12% per annum |
Associated Charges |
Processing fee: 1.5% - 2.5% of the loan amount |
Repayment Tenure |
12 - 36 months |
**Note - The interest rates and other charges of FlexiLoans may be reframed according to the NBFCs discretion and guidelines issued by RBI.
Frequently Asked Questions
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✔️What are the different types of loans offered by FlexiLoans?
There are four types of loans offered by FlexiLoans - Flexi-Term Loan, Flexi-Vendor Financing, Flexi-Merchant Advance, and Flexi-Line of Credit.
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✔️What are the financial documents required above Rs. 5 lakh of loan?
For a loan above Rs. 5 lakhs, the applicant has to submit bank statements for the last 12 months.
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✔️How much maximum business loan amount can I avail from FlexiLoans?
The maximum business loan amount offered by FlexiLoans is Rs. 50 Lakhs.
