BUSINESS LOAN IN DHARWAD

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Why Business Loan in Dharwad?

The cultural capital Dharwad also known as Dharwar is one of the prominent cities located in the northern part of the state of Karnataka. Falling second in line after the capital city Bangalore, Dharwad is the second largest city corporation in the state.  Tracing its roots long back to the era of Paleolithic times the city is home to a plethora of cultural and historical hidden charms. Ever since the 5th century, the district of Dharwad has been ruled by various renowned dynasties. In fact, it has been administrative headquarter from the past. Furthermore, this beautiful city lying in the east of majestic “Western Ghats” offers a panoramic view surrounded by numerous lakes, hills and water bodies. In the year 1961, this city was merged with the industrial city, Hubli to form the twin cities of Hubballi-Dharwad. The strategic location of the district on NH 48 connecting the major metropolitan areas  Bengaluru and Pune in north Karnataka, offers a lot of untapped market opportunities. Moreover, this cultural hub is occupied with a wide array of industrial units, estimating to be more than one lakh small and medium scale industries. Despite the availability of all favorable opportunities inconvenience to avail funds is hindering the process of nurturing business ideas.

Therefore, to help the budding entrepreneurs and small business owners to succeed in their business FlexiLoans provides quick, unsecured business loans in Dharwad.


Why Taking up Business Loan in Dharwad a Good Idea?

Strategic Location

The region of North Karnataka is wrapped with a lot of opportunities for the business enthusiasts to explore. Moreover, the well-integrated connectivity and proximity of the district of Dharwad to major cities will aid in the easier expansion of businesses. Even the emergence with Commercial hub, Hubballi will help the SME and MSMEs gain faster growth in the market.

Exemplary opportunities

Hubballi-Dharwad is two of the prominent commercial hubs of state of Karnataka. These areas have a lot of hidden growth potential for the MSMEs. Infrastructure development industries like structural Engineering works, fabrication, Hotels and garment manufacturing have good scope for the growth in the district.  

Supportive development

Agro-based industries make a significant contribution to the economy of Dharwad. Specifically, dry farming is the backbone of the agro-based economy of the region. Furthermore, the region is witnessing a significant rise in entrepreneurship activities. Small unorganized business players are growing their traditional businesses with new technologies. Thus, settings up an agro-based business such as sheep rearing and milking have good opportunities for accelerating business growth.


Basic Eligibility Criteria

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

Check Your Eligibility for Availing Business Loan in Dharwad

Finances for business setup and expansion can be disbursed to any Indian individual irrespective of his caste/creed/religion/gender. However, at the time of applying for a loan borrower should fulfill the following base criteria:

  • Any self-employed individual, Private Ltd. Co. Proprietors and Partnership Firms involved in business related to manufacturing, trading or services may apply for the loan.
  • The applicant should be at least 21 years at the time of applying for the loan.
  • The business must have filed the income tax returns for the last 1 year.
  • The business must have achieved the profit for at least the past 2 years.

Interest Rates and Commercial Loan Fees for a Business Loan in Dharwad

Interest rates and commercial loan fees levied on your business loan would be calculated based on the following constraints:

  • The loan amount and tenure
  • The cash flow of business
  • Profitability of business
  • Nature of business
  • The credit score of an individual or business
  • Track record of the business.

Why Prefer Flexiloans Rather Than Other Financiers?

We believe in making relationships, not profits. Therefore, to fulfill the financial needs of business enthusiasts FlexiLoans offers a hassle-free business loan enwrapped with the gamut of benefits. To explore our benefits read below:

  • No more worries. We demand no guarantee. We offer a 100 percent loan amount without any security.
  • We believe and value your ideas. By getting associated with us you can get your loan disbursed within 48 hours.
  • We have a completely paperless process. Fill the online application and get your credit score generated within a day.
  • We believe in transparency. No hidden charges. Fees charged as per your asset class only.
  • No waiting in lines and no preparing for documentation. All of our procedures are customized to customer needs and are extremely simple and fast.

Documents Required for Business Loan in Dharwad

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.

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

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.

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.