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Business Loan in Huzur

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WHY BUSINESS LOAN IN HUZUR?

Located in the Malwa North Region of central India, Huzur is one of two tehsils of the district of Bhopal. For the purpose of easing up the administrative procedures in the Bhopal district, it was divided into two tehsils, namely,  Berasia and Huzur. Thus, Huzur is a prominent area in the region for ensuring proper implementation of law and order and revenue monitoring in Bhopal district. Spread over an area of 1,362 km², the town is home to people of varied cultures and religions. It comprises of 2 towns and 216 villages under its hood.  With the majority of its population residing in urban areas, the town is accounted to be the most populous urban sub-district. Moreover, with its wide network, it is accessible to all major locations spread across its length and breadth. Thus, realizing the unprecedented growth opportunities for business in town we at FlexiLoans offer the collateral free business loans in Huzur. We provide varied financing options for meeting the demands of budding entrepreneurs. However, before moving on to explore terms and conditions regarding availing loans let’s further explore more about the place.

TOP BUSINESS IDEAS TO KICK-START YOUR BUSINESS IN HUZUR

Small Scale Manufacturing Units

There is enough availability of required raw materials and resources in the region. Therefore, an aspiring business enthusiast can certainly think of setting up a small manufacturing unit in Huzur.  It can be soya product manufacturing, Chips and wafers manufacturing, candle making and many more.

Handicrafts

Since most of the surrounding regions and those falling under the Huzur tehsil are rural thereby buying and selling of handicraft materials can be a good idea to start the business. This low investment small business can help you enter a huge market within a few years of establishment.  

Garment tailoring

Due to the increase in popularity of self-made designs,  the demand for garment tailoring is also witnessing a sharp increase. Moreover, initiating this business requires an extremely low investment. Therefore, if initiated and continued with proper planning the following business can be extended to include multiple categories.

CHECK YOUR ELIGIBILITY FOR AVAILING BUSINESS LOAN IN HUZUR

Since now you have explored the business ideas and opportunities in Huzur, now let’s scroll through the eligibility criteria to apply for the business loan. As per the legal norms and obligation, a borrower needs to fulfill the following basic criteria:

    • The applicant must have attained the minimum age limit of 22 years and at the time of maturity; the applicant must have attained the maximum age limit of 58 years.
    • The business must have filed the income tax returns for the last 1 year.
    • The previous year turnovers of the business must be duly audited by the CA.
  • The business must have achieved a profit for the last 2 years.

LIST OF MANDATORY DOCUMENTS REQUIRED FOR THE BUSINESS LOAN IN HUZUR

FlexiLoans sanctions the finances for your business requirements with a minimal set of documents. You would be simply required to produce the copy of the following documents:

  • Passport size photographs.
  • Government-issued photo identity proof for validating address and identity of the borrower.
  • Financial documents including ITR/ Trade license/ Establishment and Sales Tax certificate.
  • PAN Card of an individual or company.
  • Last 6 months’ bank statement.
  • Proof of business establishment.

INTEREST RATES AND COMMERCIAL LOAN FEES FOR A BUSINESS LOAN IN HUZUR

The loan charges and interest rates for SME or MSME businesses are evaluated on the basis of the following constraints:

  • Loan Amount required
  • CIBIL score of an individual or business.
  • Tenure of business and loan
  • The net worth of business
  • Profitability of business
  • Rates of Inventory
  • Nature of business.

WHY FLEXILOANS A ONE STOP SOLUTION FOR BUSINESS CAPITAL NEEDS?

Every business starts with the right financing and we completely understand this. With our easy financing procedure, we make endeavors to provide a much-needed boost to your business for expansion and growth.  However, to distinguish ourselves from other lenders in the market we provide the following benefits:

  • We believe in simplicity. No paperwork. Just fill the application, upload documents and get the loan approved.
  • We offer customized loan products designed for meeting your specific business requirements.
  • We follow transparency in all our procedures. No hidden charges. Fees charged as per your asset class only after conducting a fair discussion.
  • We have made our existence felt across all major regions of India. However, we are still on a move to spread and have covered 100 cities till date across India.
  • We sanction 100 percent loan amount that too without requiring any collateral.
  • By financing through us you can apply for loan amount up to Rs. 1 crore.
  • We work at a lightning speed. Fill application,  sign documents and get the loan approved in less than 48 hours.  

HOW TO APPLY FOR BUSINESS LOAN IN HUZUR?

Now when the biggest problem of arranging finances has been solved by the FlexiLoans, then what’s the point to wait for more? Log on FlexiLoans and click to apply soon.


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