BUSINESS LOAN IN AMBALA

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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 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

Minimum Business Vintage 1 year
Monthly Business Sales Minimum 2,00,000

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 our loan facilities which make us unique and 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 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 in 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

Personal KYC PAN card
Residential Address Proof (Any One) Rent Agreement | Driving License | Voter's ID | Ration Card | Passport | Aadhar Card
Banking Last 6 months current account bank statements
Business KYC (Any One) GST Registration Certificate | Shops & Establishment Certificate | Business PAN Card

Frequently asked questions

What are the purposes for which I can get a loan via FlexiLoans?

FlexiLoans is here to provide you financial access for your business funding needs. You have to undergo simple and transparent Credit Evaluation, basic documentation before we disburse the loan. You may get loans via FlexiLoans for:
  • Expanding your business
  • Servicing regular working capital needs
  • Managing seasonal working capital requirements
  • Manage short term cash flow gaps

Why should I avail loan via FlexiLoans?

Quick credit assessment ensures fast disbursal of loan at best rates and flexible terms, thus providing financial access at a click! Our business is to help you grow your business.

What documents are required to apply for a loan?

KYC document

  • - Pan card

Proof of residential address (any one)

  • - Rent Agreement
  • - Driving License
  • - Voter's ID
  • - Ration Card
  • - Passport

Banking

  • - Last 6 months of bank statement of current account

Business KYC (any one)

  • - GST Registration Certificate
  • - Shop Establishment Certificate

Financial documents (For loans greater than 20 Lakhs)

  • - 2 years Audited financials
  • - Last 2yrs ITR
  • - GST Returns of 6 months

Are there any charges other than interest rate that I have to pay to avail the loan?

We may charge processing fee to facilitate the loan towards legal and documentation charges. You may be charged penal charges for late or irregular payment behavior.

How do I repay my Business loan from FlexiLoans?

You repay your loan in EMI. You can choose to debit your EMI's from your Bank account directly.

What is the lowest interest rate on a business loan in Ambala?

Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.

Quick credit assessment ensures fast disbursal of loan at best rates and flexible terms, thus providing financial access at a click! Our business is to help you grow your business.

We may charge processing fee to facilitate the loan towards legal and documentation charges.

Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.