BUSINESS LOAN IN BIHAR

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Business Loan in Bihar

Bihar, the state located in the eastern part of India is bordered by Nepal in its north, West Bengal in its north-east and the state of Uttar Pradesh in its west. 

Though agriculture is one of the most important mediums of income for the people of Bihar, there are even some industries coming up in recent times. Bihar is quite slow in its development, especially in the field of manufacturing with the majority of its population remaining below the poverty level. The economy of the state is struggling at present, but that does not mean you cannot avail a loan for business in Bihar

Of course, you have the option of availing business loan in Bihar through FlexiLoans. We can help you with the process of gaining a standing for your business in this state without going through any hassle.


How to Get Business Loan in Bihar?

For the majority of the businesses in Bihar, generating sufficient working capital for keeping procedures running can be quite challenging. In times when companies invoice their customers, they might have to wait for a minimum 920 days before receiving the payment for services and goods delivered. This might be very convenient on the part of the consumers, but it can put a lot of stress on the companies. One good alternative here is going for a term loan available from FlexiLoans. We are also into providing vendor financing that is simpler than working capital funding.

Our line of credit and loan against POS schemes have also proved to be of good help for businesses in Bihar. All businesses that need a small business loan in Bihar come to us for fetching their requirements. Our GST business loan in Bihar helps businesses in doing away with their financial challenges without worrying about the payment of GST taxes. FlexiLoans’ unsecured business loan in Bihar comes to the rescue of entrepreneurs who find it very difficult to manage collaterals for availing loans.

So, come to us, and we will be more than happy to help you set up your small or medium scale business in Bihar.


Basic Eligibility Criteria

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

Documents Required for Business Loans

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?

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?

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?

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.

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

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

How long does it take to get a business loan?

To get a business loan fully disbursed into your account, it usually takes around 48 to 72 working hours.

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.

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

To get a business loan fully disbursed into your account, it usually takes around 48 to 72 working hours.