BUSINESS LOAN IN ANDHRA PRADESH

img

Home > Business Loan in Andhra Pradesh

Business Loan in Andhra Pradesh

Andhra Pradesh proudly takes the #1 position among all the states in India which offers a red carpet welcome to all entrepreneurs. This ranking has been done by the World Bank and since 2015 Andhra bags the first place. Under the name “ease of doing business,” Andhra is positioned number one in India. If you are eager to the reason how AP achieved this, then know that they have implemented reformation in the following areas. Paying taxes, providing protection to the minority investors, issue permits for construction, provide electrical connections quickly, and register property.

These are the usual areas of concern for business people and when the government has taken steps to help, we at FlexiLoans would like to support by offering business loan in Andhra Pradesh to helping budding entrepreneurs to establish their business.


TOP 5 CITIES IN ANDHRA PRADESH BEST SUITED FOR BUSINESS

Know which business will ideally suit in Andhra and you can smartly invest in those businesses.

  • Vizag – The biggest city in AP and popularly known as a smart city. Education hub and IT, ITES sectors add glory to this city. Is it not the right place to capitalize and start a business?
  • Vijayawada – The commercial hub of AP is Vijayawada and the best place for the Automobile and logistics business.
  • Kakinada – Apart from education and IT opportunity, Kakinada can be seen as a tourist place. Start a travels business and you will see a constant flow of income.
  • Guntur – Mirchi yard is the other name for Guntur. Initiate a red chili business to make your financial status go green.
  • Tirupati – Pilgrim city Tirupati allows you to start a tourist business. Also, Sri City can be considered for export business from the SEZ (Special Economic Zone).

There are 31 cities in Andhra Pradesh and you can rely on any city to start a business. So don’t wait and understand the business loan details given below.


Basic Eligibility Criteria

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

How does FlexiLoans differ from other financiers?

If several bankers and financial institutions offer credit at your doorstep, then you might wonder why you reach out to FlexiLoans? But, we have a reason and find out our features of the credit process and then you will not refrain from contacting us.

  • We offer loans across states India with our latest product solutions. Currently, more than 100 cities have profited from our services.
    If you want to apply for a loan, then you start thinking about the documentation. Do not worry; we’ll do it online without any paperwork formalities. Just click and to apply by completing your basic details. Simply load all electronic documents and do not wait more than 48 hours to see the status of the loan.
  • The next concern that bothers you is about the guarantees. Again we do not disturb you; Yes, we offer unsecured business loans. Finding it surprising? But the fact is we offer you a 100% loan amount with no tricky clause
  • Through our transparent process, you can apply for and benefit from the loan. No secret fees. Only forms to fill that too very basic, about your personal details. We discuss with you personally and approve your application. No false promises are given by our team.
  • You can plan to make a business with our maximum loan amount of Rs. 1 crore. Just discuss your business plan via filling the form and there you can start.

Our primary motto is to provide you with a loan in a hassle-free manner. Just don’t dream but make your dream come true by applying today with FlexiLoans.


Documents Required for Business Loan in Andhra Pradesh

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 much of a business loan can I get?

You can get an unsecured business loan up to ₹1 crore at FlexiLoans.

What can you use an unsecured business loan?

The unsecured business loan can be used for various reasons like expanding inventory, meeting irregular cash flows, seasonal requirements, 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.

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

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.

You can get an unsecured business loan up to ₹1 crore at FlexiLoans.

The unsecured business loan can be used for various reasons like expanding inventory, meeting irregular cash flows, seasonal requirements, etc.