What Is Business Loan

Are you a chartered accountant or self-employed businessman who aspires to start a new business or expand the existing one? Now you can easily attain your business objectives with the help of customized business loans offered by Indifi. Indifi ensures that the right loan is available at the right time. Business loans can help a company scale new heights by using the funds for manpower management, working capital management,opening a new outlet, marketing, renovation, faster turnaround time, and advanced machinery.

As a business owner, there may be times when you feel the need for quick and easy access to funds to optimize the growth of your business. The requirement may vary from expanding current operations and buying new inventory or machinery to taking up another large project or even starting a new business. Regardless of what the requirement may be, having a quick and hassle-free access to funds is an obstacle in most such cases! Indeed, there are a lot of traditional lending institutions offering loans to businesses. However, when it comes to small businesses, the scenario tends to get a little difficult. This is because traditional lenders mostly offer loans to businesses on the basis of collaterals which most of the small businesses are unable to furnish. As a result, there is a certain need-gap for the availability of credit to these small businesses hindering their growth and expansion.

Get Instant Business Loan Online With Indifi

Indifi addresses this need-gap with its innovative online lending platform that facilitates tailor-made small business loans without security to cater to the financial requirements of small businesses.

Over 10,000 customers trust Indifi for quick and hassle-free business loans customized to their requirements, with minimal documentation and eligibility criteria.

The process of applying for a loan with Indifi is really simple and transparent. A business owner just needs to fill his basic business and KYC details, and Indifi uses its advanced algorithms to procure relevant data from other sources, draw insights, and judge the creditworthiness of the business along with its current and past performances.

Moreover, small businesses can also avail quick and simple loans from Indifi based on their business transactions. For example, a small restaurant can get an instant restaurant loan for its business basis its transactions with food aggregator and delivery apps. The restaurant just needs to fill a simple online application form with Indifi and Indifi evaluates the application further, basis the restaurant’s financial transactions with different food delivery apps.

With Indifi, small businesses can optimize their growth avenues by availing an instant loan of up to INR 50 Lacs as quickly as within 48-72 hours. Indifi offers various types of loans for businesses including term loans, credit lines, short term loans, invoice discounting, and merchant cash advance, among several other unique and customized loans for business products.

Apply now to get an instant loan based on your business’ current and previous transactions through a quick and simple application process provided by Indifi, enabling you to enjoy better business growth trajectories! Let’s have a look at some of the salient features of business loans that we provide:

Features & Benefits Of Business Loan

Collateral Free

Indifi offers collateral-free business loans to its customers. In other words, there is no need for any sort of guarantee, pledge, or investment to avail this loan. Swift Disbursal

Indifi follows a swift and hassle-free loan disbursal process. You can get a business loan within 48 to 72 hours for an amount up to INR 50 Lacs. Flexible Repayment Terms

Indifi gives flexibility to its borrower of choosing between weekly or monthly payment cycles. Please note that there are no hidden charges in this process. Tailored To Your Business Requirements

A businessman might need funds for several reasons like procurement, development, and so on. Indifi facilitates tailor-made loans that are customized as per the business requirements of the applicant. Low-Interest Rates Indifi rolls-out business loans at low interest rate, starting from 1.5% per month. However, the borrower also needs to pay upto 2% processing fee.

Why Do MSME Need Business Loans?

Indifi is one of the leading online lending platforms in India. Here are some simple reasons which will help you make the decision faster:

Improved Cash Flow

Live up to your goals and aspirations by increasing business cash flow. Business expansion

MSME Loan helps to expand your business, hire more employees and renovate your office building. Loan for new machinery/equipment

Experiment with and purchase new equipment based on your project requirements. Loans for MSMEs are helpful to establish your new machinery and plants as well. Access to new technology

Always be ahead of the curve! Start upgrading to the latest technology by availing these loans. Funds for seasonal and specific needs

Don't hesitate to hire seasonal employees and stock on the inventory based on your requirements. Franchise Financing

With the help of MSME loan scheme you can start franchises for your business in other cities and expand your brand’s geographical footprint. Funding for next project opportunity Take risks at the right time to grab projects that yield you an increased ROI.

Why choose Indifi for a business loan?

Indifi is one of the leading online lending platforms in India. Here are some simple reasons which will help you make the decision faster:

Quick and Simple

Indifi follows a complete online loan approval process with less documentation. It spares you tedious paperwork and long waiting queues making the entire process quick and simple. Multiple lenders

Indifi is an online lending platform that brings multiple lenders and partners together, along with their own lending arm. Their prime motive is to fill the gap and help businesses in accessing unsecured loans. Best Fit

The expert professionals of Indifi will help you in getting the best custom-made loan ever. The loan experts assess all the business capital needs and design a loan plan accordingly. Flexible and Transparent Indifi believes in complete transparency in operations. You can get all the business loan related information on our webpages, upfront. Last but most important, we do not have any hidden charges.

Simple Steps To Your Business Loan

Get a business loan from Indifi in three simple steps:

Application

Applicants who want to secure a business loan need to fill an online application form. This form will contain all the fund requirements and bank account information. Documents

The applicant now needs to upload all the relevant documents along with the application form. These documents are bank statements, Adhaar Card Copy, PAN Card Copy, GST Filing, Business Registration Certificate, Drug License, VAT Registration, Trade License, and TIN. Sanction Process Indifi will sanction the loan amount after verifying all the documents and application forms.

Business Loan Eligibility Criteria

Age greater than 23 years

Business vintage of around 1 year

Documents For Business Loan Application

Pan Card of promoters and the firm

Address proofs of promoters and the firm

Business registration proof

Bank statement of the firm for the last 9 months

In case of a business loan of more than 15 lacs, latest ITR is mandatory

Benefits of Business Loans

Better Cash Flow

Business loans are an excellent way to boost up the cash flow of a business. Business Expansions

Business loan a vital role in increasing manpower, business expansion, and infrastructural development. Latest Technology

You can incorporate advanced technology into your business operations with these loans. Procurement of Machinery

Are you planning to procure new equipment or machinery? If yes, business loans can help you with that. Franchise Financing

Business loans allow you to initiate your business franchises and expand your operations. New Project Grab the most promising business opportunities that can boost your profits with the help of business loans.

Business Loan FAQs