Indifi is a lending platform that provides loans to small businesses. It aims to fill the credit gap which the small businesses witness in order to get access to loans. It provides loans for Travel, Hospitality, e-Commerce and Retail Businesses. Indifi business loans can be availed through a quick online process. Avail the Indifi Business Loan now at Bajaj Markets at low interest rates and reap amazing benefits.
You can apply for Indifi Business Loans by following these easy steps:
Filling Details Online: Enter your personal and professional details.
Select your Lending Partner: From the list of loan offers, select Indifi to proceed.
Specify Loan Details: Select the loan amount and repayment tenure as per your choice.
Approval & Disbursal: Get online approval in 2 minutes and money sanctioned in your bank account within 48 hours.
You can get an Indifi Business Loan with an interest rate between the range of 18% to 35% at a reducing rate basis. The other associated charges for the same is as follows:
Indifi Business Loan
18% to 35% per annum (Reducing rate basis)
Processing fee: 3% of the loan amount + GST
Foreclosure charges: 4% of principal outstanding
Prepayment Charges- No charges if done before 27th of the month*
Up to 48 hours (Loan offer sanction)
*The repayment tenure for the Indifi Business Loan is between 12-36 months.
There are many factors which affect the interest rates of business loans. They come under internal and external factors, some of which are stated below.
Credit History – Your credit score plays a huge role when it comes to even applying for a loan. All financial institutions and NBFCs monitor your credit score. The credit score has a direct impact on your interest rates. Your interest rates can fluctuate based on the credit score.
Monthly Revenue – The monthly profit your business generates makes a high impact on your accountability on the repayment of loans. This directly affects the interest rates of the business.
Economy – The economy of a country affects the interest rates of the loan. The macro-economy of a country has a direct effect of the disbursal of the loan amounts and is directly proportional to the interest loans on the loans.
Monetary Policies – The latest monetary policies influence the interest rates of loans. It depends upon factors such as liquidity, cash flow and the circulation of currency.
Inflation Rate – Higher inflation rates lead to higher interest rates. The inflation rates are directly proportional to the interest rates on the loans.
These are some of the major factors that directly affect the interest rates on the loans. Many other factors affect the interest rates on loans, such as - collateral, type of business or the type of lender. These factors have an indirect effect on the interest rates. Apply for Indifi Business Loan now at Bajaj MARKETS now to enjoy the low interest rates.
Indifi loans have exciting features and benefits which will help your start-up/small business to reap its benefits:
Quick Process – The process to get the Indifi Business Loan is very quick and easy. With minimum documentation and zero collateral, you can easily get the Indifi Loan.
Customized Loan Packages – Indifi has customized loan packages for all kinds of small businesses. It helps you to extract maximum benefits for your business type.
Easy access and Flexible – Idifi Loans are easily accessible to everyone. It is flexible and requires minimum documentation. It has a quick process which will save time and effort.
Transparent – Indifi Business Loans are transparent; it has no hidden charges and helps in the welfare of your small business.
Quick Approval - You can get an instant loan approval, provided you meet the eligibility criteria.
There are some basic eligibility criteria for the Indifi Loan mentioned below:
You must be between 22-60 years.
The annual turnover of the business must be at least Rs. 12 Lakhs.
Business vintage of at least 1 year is mandatory.
There are many factors which directly and indirectly determine the loan eligibility -
Credit score – The credit score gives lenders an assurance that you can pay the loan on time without defaulting.
Age – You must be in between the age group of 22-60 years to get the Indifi Business Loan. A person with lesser age would give assurance to the lender for the seamless repayment of the EMI.
Business vintage – Your business vintage will influence your business loan eligibility. A vintage of 2-3 years gives the lender an assurance that you have a stable source of income and that you can pay the EMIs on time.
These are the basic documents required to avail Indifi Business Loans.
Address proof of promoter(s) and firm
Business registration proof
Bank Statement of last 6 months
Latest ITR – (If loan amount is greater than 15 Lakhs or if banking turnover is greater or equal to ₹1.5 Crores)
Indifi offers the following types of loans:
Business Loans – Indifi offers business loans for small businesses and start-ups at zero collateral and minimum documentation.
Term Loans – Indifi offers Term Loans of up-to ₹1 Crores at a low interest rate of 1.5% per month. It offers a repayment tenure of 36 months with a low processing fee of 2%.
Line of Credit Loans – Indifi offers its Line of Credit Loans of up-to ₹1 Crores with a low interest rate at 1.5% per month. It needs a one-time approval for usage of 12 months. You pay according to your usage and the processing fee is just 2%.
Overdraft Loans- Indifi offers overdraft loans ranging between ₹50,000-₹1,00,000. It has an interest rate of 1.5%-2.5% which are competitive in nature with a flexible tenure of 12-36 months.
No, Indifi offers its Business Loans at zero collateral and minimum documentation.
The interest rate of the Indifi Business Loan ranges between 18%-35%.
Indifi offers business loans to business segments including transportation, e-commerce, retail, manufacturing and hospitality.
The Indifi Business Loans can be repaid through an eMandate, Net Banking, UPI and Cheques.
If you are making a pre-payment of the loan, the charges applied will come around 4% of the outstanding principal amount.
Yes, a foreclosure charge of 4% must be paid on the principal outstanding amount. There is no part-payment charge.
Yes, Indifi conducts a background check before approving a loan and it includes your CIBIL Score.
It depends upon many factors which include your monthly income, credit score, CIBIL score and much more.
To get an Indifi Business Loan, you must submit the following documents:
Business registration proof
Bank Statement of the firm (last 6 months)
Latest ITR (in cases of loans exceeding 15 lacs)