Business Loan In Ambala

The population of Ambala city is 207,983 with 95,094 females and 112,840 males. The ratio is 1000:843(males: females) as per the census was taken in 2011. The average literacy rate of Ambala is 89.31% with 91.76% of males and 86.41% of females literate.

The major industry being textiles the cloth market attracts shoppers from adjoining areas. There are 900 to 1000 wholesale shops. The wide-ranging shops are as follows:

• Suitings and Shirtings
• Silk and Sarees
• Handloom
• Variety of dress material

Sarees and Silks are a few of the major clothes sold in large quantities at Ambala. The shoppers come mainly come from Himachal Pradesh and Punjab.

Economically Ambala is the major growing city in India. The financial sector is blooming in Ambala with a growing and increasing population.

Business ideas in Ambala

1. Textile –  Textile is the major growing economy in the city of Ambala. There are a lot of shops and anyone knowing the art of weaving and making clothes can set up the shops here. Textiles can be the clothes we wear, for bed, sofa and other handlooms and textiles for homes and industry can be manufactured here.
2. Food Processing – One of the other major industries in Ambala is food production and depends mainly on agriculture. The major produces of Ambala are Fruits and Vegetables, Fisheries, Meat and Poultry, Packaged/Convenience foods, Soft drinks, Alcoholic Beverages, and Grains
3. Automobile industry –  Automobile and auto ancillary units are major industries that can be set up here and is profitable because of the major hub in Haryana, Punjab and Himachal Pradesh. This industry will provide excellent revenue
4. Tourism – Tourism is a major industry in Ambala. With a contribution of 6.23% to the national GDP and 8.78% of the total employment in India, India is becoming a major global destination of the world. The tourist comes from all over the world and all the seasons to India.

The travel industry flourishes if you have good tourist spots and placed geographically in the center of many states and cities such as Punjab, Chandigarh, Himachal Pradesh, and Kashmir, the city of Ambala attracts many tourists to it. With the potpourri of various and variety of traditions, cultures, festivals, and places of visits, the Indian subcontinent attracts tourists the whole year-round. Anyone doing business in Ambala can set up a private travel agency to support the tourism industry.

Basic Eligibility Criteria

Only with flexiloans for a business loan in Ambala

Usually, the applicants who ask for a loan may have a lot of questions. Applicants often worry about who is the best lender, what would be their terms, what would be the duration to repay, and many others. We will see to that that you get a loan to your satisfaction and do not get suffocated in this process. The following are some of the loan facilities that make us unique and the best in this niche.

• We offer 10 million INR as a loan.
• We never ask for a guarantee of any kind.
• No hidden clauses you need to worry about.
• We make sure we make it simpler and put in plain words about the interest rates and EMI calculations clearly to you, leaving no room for doubt.
• You can apply for a loan online and get cleared within a short period.
• Apply online with a click. Absolutely no paperwork. Get online, connect, upload, and submit documents for approval within 2 business days.
• We provide service to more than 100 cities in India.

For all the reasons listed above and much more, we are definitely a favorite among our competitors. We aim to do our best in making sure that the loan process is hassle-free for our customers. We have vowed to go green eliminating all paperwork, offering the best amounts to our applicants, and demanding no collaterals. We have sworn ourselves to bear close allegiance with seamless customer service and satisfaction. It is our mission that we ensure minimal paperwork and documentation, negligible processing time, and one-on-one assistance in the process of taking you closer to your dream.

Documents Required for Business Loan in Ambala

Frequently asked questions