FlexiLoans provides easy and quick short-term unsecured business loans ranging from Rs. 50,000 to Rs. 1 crore. These loans support business growth, working capital requirements, and improved cash flow.
Avail a business loan today and improve your business operations with an interest rate starting at 1% p.m. You can pay back the loans over up to 5 years through flexible monthly installments.
FlexiLoans aims to smoothly deliver short-term financing to businesses looking to expand, manage expenses, and boost their capital.
FlexiLoans Business Loan Details
Before availing of a business loan from FlexiLoan, it's crucial for business owners to know the loan information. Key highlights of FlexiLoans business loan include:
| Loan Amount | ₹50,000 to ₹1 Crore |
| Loan Tenure | Up to 5 Years |
| Interest Rates | Starting from 1% per month |
FlexiLoans Interest Rate & Charges
When applying for a FlexiLoans business loan, it is important to understand the associated interest rates and fees. While the interest rate is affordable, additional charges like processing fees may also apply. Know the full breakdown of applicable rates and charges before opting a small business loan or MSME loan.
| Interest Rate | Starting from 1% per month |
| Processing Fees | Up to 2% of the loan amount |
| Pre-closure charges | 5% of the loan amount |
FlexiLoans Eligibility
FlexiLoans has outlined specific eligibility criteria for small businesses seeking financing in India. Here is the overview of FlexiLoans business loan eligibility:
Applicant’s Age: Between 21 to 65 years old
Business Type: Sole proprietors, in partnerships, private limited companies in trading, start-ups, manufacturing, or services
Time in Business: Minimum 1 year in operations
Minimum Sales: Rs. 2,00,000 monthly sales
Experience: Minimum 3 years in industry and 5 years of overall experience
FlexiLoans Business Loan EMI Calculator
Use a Business Loan EMI Calculator to estimate your monthly EMI payments. This helps verify the loan that aligns with your budget.
Simply input the loan amount you would like to borrow, interest rate, and repayment tenure to check your EMI.
The FlexiLoans EMI calculator lets you determine your monthly loan payment upfront, so you can pick affordable loan terms and repayment plans. This convenient tool helps you optimize your business loan repayment.
Compare FlexiLoan Business Loans Over Other NBFCs
Compare FlexiLoan with top NBFC business lenders to find the best financing solution for your company. Here is the comparison of FlexiLoan interest rates with top business loan NBFCs:
| Top Business Loan NBFCs | Interest Rate (p.a.) |
|---|---|
| FlexiLoan | 12% onwards |
| Bajaj Finserv | 9.75% onwards |
| Lendingkart | 12% onwards |
| HDB Financial Services Ltd. | Up to 36% |
| Indifi | 18% onwards |
| Mcapital | 24% onwards |
| NeoGrowth Finance | 18% onwards |
| Tata Capital | 12% onwards |
| Protium | 18% onwards |
| Aditya Birla Capital | 14% onwards |
| InCred | 12% onwards |
| IndiaLends | 10.25% onwards |
| Ambit Finvest | As per the lender |
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Note: The interest rates mentioned above are subject to change at the lenders' discretion.FlexiLoans Business Loan Documents Required
When applying for a FlexiLoans small business loan specifically, entrepreneurs must submit several documents for eligibility verification. FlexiLoans requires the following documentation:
| Identity Proof | PAN card |
| Address Proof | Rent Agreement, Driving License, Voter's ID, Ration Card, Passport, Aadhaar Card |
| Banking Details | Last 6 months current account bank statements |
| Business Proof | GST Registration Certificate, Shops & Establishment Certificate, Business PAN Card |
Types of FlexiLoans Business Loans
FlexiLoans provides a range of business loans for varied business financing needs. Here are the highlights of each type of business loan offered by FlexiLoans:
FlexiLoans Term Loans
FlexiLoans provides collateral-free term loans to companies for working capital, overdraft protection, and purchasing equipment. Well-established businesses with strong credit and reasonable existing debts may qualify for longer-term loan amounts from FlexiLoans.
Borrow loan amount up to Rs 1 crore
2-5 year repayment tenure
Interest Rate: 1% per month onwards
FlexiLoans Loans Against POS
FlexiLoans offers unsecured merchant cash advance loans against point-of-sale (POS) machines. These loans are provided against the future debit and credit card transactions of small businesses. FlexiLoans states they can disburse approved financing in as little as 48 hours.
Loans up to Rs 1 crore limit
Tenure: 3-36 months
FlexiLoans Line of Credit
FlexiLoans provides a revolving line of credit loans to meet urgent business financial needs. With these credit lines up to Rs 1 crore, borrowers only pay interest on the capital utilized, not the full approved amount. FlexiLoans says funds can be disbursed into approved applicants' accounts within 48 hours.
Revolving credit line up to Rs 1 crore
3-36 month repayment period
FlexiLoans Vendor Financing
FlexiLoans' Vendor Financing Loans allow businesses to finance the purchases of goods and services. These loans facilitate financing the procurement of necessary materials from vendors.
Loan up to Rs 2.5 crores
Tenure: Up to 3 years
Steps to Apply for a Business Loan
Follow the steps to apply for FlexiLoan business loan through Buddy Loan:
Step 1: - Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
Step 2: Open the business loan application page. Enter your mobile number and OTP.
Step 3: Specify the desired loan amount and email. Next, choose the Business Loan option.
Step 4: Choose if you have a Business Proof (Yes/ No)
- If ‘Yes’ (If you have a business proof), enter your business and personal details. or
- If ‘No’ (If you do not have a business proof), choose the profession type and enter your personal details.
Step 5: Provide income details and Click the ‘Submit’ button.
Ready to take next step ?
FAQs on FlexiLoans Business Loan
FlexiLoans claims to disburse approved business loans within 48 hours.
No, FlexiLoans offers unsecured business loans that do not require collateral.
You can get a business loan of up to Rs 1 crore from FlexiLoans.
Yes, FlexiLoans business loans can be used for working capital needs.
Repayment tenure offered is up to 5 years.
Yes, FlexiLoans offers business loans for women entrepreneurs.
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