Business Loan in Firozpur (Ferozepur)

Apply NowApply Now

The city Ferozepur in Punjab is a developing city. Without much industry, this city is focused by the PUDA and gaining importance in developing the economy. There are more than 20 lakh people the city can contribute to the growth of the nation. The three prime sectors that will provide a business opportunity in this city is agriculture, tourism, and export.

This city is also known for its tourism and there are several places that attract tourist. The chief one is the Indo-Pak border where every Indian should visit to see the BSF Jawans serving the nation from the border.  Other places of interest include wildlife sanctuary, memorials, and forest areas.

Let us explore this city to start a profitable business

Lucrative business ideas in Ferozepur

  • Trading company – You can plan and start a trading business to manufacture and export items like buttons, thread, iron valves, metals, and other finished products. Since the cost of living is not very high you can invest less and produce more. Sell them in wholesale to all nearby cities and expand your trading business. There are companies like Maini and Laxmi growing in Ferozepur as trading giants.
  • Agro Business – With the naturally available agricultural resources, you can now plan to start an agro-business. You can think of a rice mill, paddy processing unit, agrochemicals, fertilizer or pesticide making and more. These businesses require minimal investment and manpower.
  • Services – In case you do not have knowledge in trade and agro, then choose for any service business ranging from electronics repair, automobile spare parts service, tuition services, cleaning, paying bills, etc. There are wide range services which can be done at the doorstep, have a small shop at your residence itself. Such jobs will only require your working knowledge and you can take a business loan from us from money.

Plan for business and reach us for any support both financially and business ideas. Together we can make it happen. Also, the government is encouraging individuals to start a business in Ferozepur to bring up the city economically. This is an opportunity for all the young budding entrepreneurs. Stop relying on paid jobs and be your own boss.

To whom can be the business loan given

The loan can be applied by the people who have the dream of becoming a businessman. The loan can still be taken by self-employed, single-handedly owning businessman and partnership business.

Each bank may have different forms or ways of giving loan. But still, there are some eligibility criterions that are the same in all loan giving companies. Those criterions are listed below.

  • The first and foremost is the age. The person who has applied for a loan should be between 21 and 65 years. The loan cannot be given to people below 21 as well as above 65 years.
  • Secondly Income. The business must be real, honest and there must be some or the other improvement in one year. Tax given document must be shown in accordance with getting a loan.
  • Thirdly business profit. Annual income from the business must be at least 2 Lakhs.
  • Lastly, if it is a partnership business at least one person’s details are enough.  

Needed forms and documents for a business loan in Ferozepur

The loan lending company will lend loan not only if we are eligible but also some important documents are to be produced.

  • Identification proof – Identification proof of the requester must include one of the government given documents like Voter ID, Driving License, Passport or Aadhar card.
  • PAN- The most important one is the PAN card it can be the requester’s PAN card or the company’s PAN card.
  • Address Proof – Except the one which is taken as identification proof others all with the right address of the requester should be submitted as address proof. House registration document, Aadhar card, bank Passbook, Voter ID, Driving License, Passport, etc.
  • Financial documents – From the date of application the six months transaction will be shown in the bank records which must be submitted.
  • Tax documents – Income Tax Return document {ITR} for the last two years and gain and loss statement must be submitted.
  • Photo – recently taken passport sized photo of the requester must be given.
  • Income statement and some other statements like the power of attorney {PoA} or memorandum of association {Moa} (if asked by the lender) etc.

Business Loan Charges and Rates for Interest

We include the following to see the interest rate for SME business [Small or Medium Enterprises] and MSME business [Micro, Small & Medium Enterprises]. Be sure that we are pretty comfortable and flexible with you when compared to other institution of finance in India

  • Working Assets
  • Net worth
  • Loan time
  • Stock ratios
  • Credit Information Bureau India Limited (CIBIL) score
  • Money flow
  • Business Profitability

Generally, long time loan can have low Equated Monthly Installment {EMI}. If it is going to be a highly profitable business, then high EMI should be paid.

Business Loan Charges and types

While processing loan, we talk to our customer about other charges like

  • Commitment charges
  • Down payment charges
  • Foreclosure charges

This may differ from each and every case and so we will talk in one on one and not going to list the usual amount.

Only FlexiLoans for business loan in Firozpur

You may think why to ask FlexiLoans even though there are many loan lenders and bankers. Read through the features of the loan process by us listed down to feel comfortable and easy to reach us.

  • We provide the loan in more than 100 cities in India through new product solutions. Many cities are benefited by our services.  
  • When you first think of getting a loan, the first thing that comes to your mind is about the documentation and the long procedure. But don’t worry about any such things. We help by doing all procedures online and as you think there are no Paper works. Click the link provided below to apply for the loan and fill your basic details in the form. Even upload your e-documents and just wait for another 48 hours to know about your loan details.   
  • There is nothing to be given as a guarantee. We never disturb you and yes you are right we provide you a loan without any collateral. Are you shocked to know this? Do not get shocked and we also give 100% loan without any cheating or some impossible conditions.
  • Our easy and simple procedure allows you to apply and get Loan. No separate fees at all. Simply easy application and the best online navigation. We check each and every case and then the loan is approved. Nothing is fake or dishonest. This is a trustworthy site.  
  • The maximum amount of loan given is Rs. 10 million. Do not wait for anything and tell us your business idea, upload documents and begin your business.

We from FlexiLoans aim at making the requester comfortable and easy way of getting a loan which is our main motto. We do encourage and help you and your business to come up well and make you and your view visible to everyone.  

Best Way To Apply For A Business Loan

All businessmen and companies are greeted and can click here to apply for a business loan as soon as possible.