BUSINESS LOAN IN GUNTUR

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Business Loan in Guntur

Visakhapatnam, the capital city of Andhra Pradesh, is situated in the district of Guntur. Guntur has taken one of the top positions in India for agriculture, education and learning. The city exports cotton, chillies and tobacco. Since the state capital is within easy access, the demand for the region for career and living is at the peak. As per central seventh pay commission, it came under the Y-grade category. This is a part of the major industrial corridor, Visakhapatnam-Guntur industrial region. This is the largest chilly yard in Asia.

Naturally, people from all over the country, sometimes even beyond the border are eager to set up a business venture in this city of million possibilities. For business enthusiasts, this is a hot and happening destination, and FlexiLoans is ready to lend helping hands by providing a variety of loans for business in Guntur to meet the financial needs. Within a short period, we have gained huge popularity because we offer business loan in Guntur that are quick and simple. We need minimum documentation to process the application for a small business loan in Guntur for small and medium scale enterprises.

Our online application process for a business loan in Guntur takes as little as 5 minutes from any geographic location in India. You just have to provide some information through our website or app to assess the eligibility. PAN card, residential address proof with photo, photocopy of bank statement and business KYC (if any) are all you have to upload for approval. After reviewing these documents, we’ll decide the best loan application for you among our various options. Still, for any query about how to get business loan in Guntur, contact FlexiLoans at your convenient time. Our experts will help you to clear all the doubts.

The customers love unsecured business loan in Guntur as it is collateral free.  GST business loan in Guntur is also in high demand for those who want to get financial assistance for expanding the business based on their GST returns.


Basic Eligibility Criteria

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

The other four attractive loans that we offer:

Line of credit to meet the unforeseen demand of liquidity, Invoice financing to materialise the business planning against due invoices, loan against POS for the urgent need of cash, and term loan to have funds for the smooth running of the business.


Documents Required for Business Loan in Guntur

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 can you find out if you qualify or are eligible for a small business loan?

You are eligible for a small business loan if your business has been running for at least 1 year and has monthly total sales of at least ₹2,00,000

What security do I need to provide to avail a Business loan in Guntur?

FlexiLoans provides only collateral free business loans. So, you do not need collateral for applying for a business loan.

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.