MENU

Business Loan in Madhya Pradesh

Apply NowApply Now

WHY BUSINESS LOAN IN MADHYA PRADESH?

Located in heart of India, the state of Madhya Pradesh offers the business enthusiasts a lot of opportunities to grow. Its unique geography and supportive policies help the entrepreneurs to give wings to their dreams. Following Gujarat in the row, it is the second most favored state of the corporates to set up the industries. Ranging from e-commerce to innovation in farming Madhya Pradesh encapsulates a lot under its hood. Moreover, the state is accounted to have one of the largest reserves of copper and diamond in India. It is home to various other metals as well, such as coal, dolomite, and manganese.

Additionally, over the last eight years, the state has witnessed applaudable improvement in its infrastructure. Its varied culture, heritage, and traditions are even compelling for creative entrepreneurs to set up their businesses.

Thus, aiding the budding entrepreneurs to pay heed to their ideas by cutting down all barriers, we at FlexiLoans provide hassle-free business loans in Madhya Pradesh.

BUSINESS IDEAS EVERY BUSINESS ENTHUSIAST FROM MADHYA PRADESH SHOULD KNOW

  • E-waste Recycling

The wave of cleanliness is sweeping all around the state of Madhya Pradesh. Achieving the title of cleanest of India third time in the row, its city of foodies, Indore brings a lot of opportunities for the entrepreneurs who have concern for the protection of the environment. As well as the Detroit of India, Pithampur located nearby Indore proposes a golden opportunity for those who are interested in E-waste recycling. Pithampur is home to a lot of renowned industries through which a lot of electronic waste is generated every year. Thus, the state has growing demands for E-waste recycling. By taking a debut in the field of E-waste recycling in Madhya Pradesh one can assuredly yield good returns.

  • Jeans Manufacturing

Setting up a jeans manufacturing unit can be a great idea for an individual to kick start business in Madhya Pradesh. At present, the textile infrastructure in Madhya Pradesh is well groomed and intends to be more prosperous in the coming years. It has been stipulated that in the next five years the textile sector of state will attract a total investment of $ 2.2 Billion approximately.   Moreover, the state government of Madhya Pradesh is implementing various schemes that promote and support the textile manufacturing business in Madhya Pradesh.

  • Food Processing

Over the last decade, agricultural production in Madhya Pradesh has been doubled. It is the fourth largest producer of agricultural-based products. The state is also accounted to be one of the major producers of soybean, oilseeds, pulses, linseeds, maize, and gram. Additionally, Madhya Pradesh has also gained the position of being ranked second in the production of wheat. Thus, underpinning the facts related to agricultural production in Madhya Pradesh it can be established that the state has a huge potential of growth in the sector of food processing.

Didn’t these ideas entice you? What next? Looking to get financial help? If yes, then explore the details given below to avail the business loan in Madhya Pradesh.

CHECK YOUR ELIGIBILITY FOR AVAILING BUSINESS LOAN IN MADHYA PRADESH

Any person who is a resident of Madhya Pradesh can avail loan for the meeting the capital needs of their business. Business loans in Madhya Pradesh are entitled to be disbursed to business setups irrespective of their owner’s gender, race or religion. However, in order to avail funds for the businesses following base criteria has been formulated:

    • You should have been in business for at least 12 months from the date of incorporation
    • Your monthly turnover should be at least ₹2,00,000
    • You should be above 21 years of age

DOCUMENTS REQUIRED FOR THE BUSINESS LOAN

On successful submission of necessary documents mentioned below one can easily get the loan approved by the financial institutions. The list of compulsory documents to be provided for business loan includes:

1. Documents Required                  
Personal KYC- PAN Card

2. Residential Address Proof (Any One)

– Rent Agreement
– Driving License
– Voter ID
– Ration Card
– Passport

3. Last 6 months Current Account Bank Statement in Net Banking PDF format

4. Business KYC (Any One)

– GST Registration Certificate
– Shops and Establishment Certificate

INTEREST RATES AND COMMERCIAL LOAN FEES FOR A BUSINESS LOAN IN MADHYA PRADESH

For the purpose of calculating rates of interest on loans for MSMEs and SMEs, we undertake the following criteria into consideration. We have a hassle procedure as compared to other institutions across India. Our criteria for evaluating obligatory loan charges are:

    • The total duration of the loan
    • Operating Capital of the business
    • Profitability achieved by the business
    • Rates of Inventory
    • Worth of assets
    • Total cash flow of business
    • CIBIL score to the certain credit worthiness of the applicant.

WHY PREFER FLEXILOANS RATHER THAN OTHER FINANCIERS?

So many options to explore in the market but why only FlexiLoans, how does it really differs from the other financial institutions. To explore our benefits read further:

  • We help entrepreneurs by lending loans across all states of India. Till date, we have covered almost 100 cities.

  • We keep the process very simple. No bothering, just log onto our portal and apply by furnishing all basic details. Upload documents online without any additional paperwork.

  • We are exceptionally fast. Check the status of your loan within 48 hours.

  • We offer 100 percent of the loan amount without any hesitation or security.

  • No hidden charges. No false claims. We have fair discussions with the applicant for loan approval.

  • We offer loan amount up to Rs. 1 crore.

  • That’s efficient. Technology is power for us. You can kick start by just discussing your business plan by filling a simple online form.

We make endeavors to provide our clients with the hassle-free process to power their dreams. Our procedure for loan sanctioning is very simple and efficient. Then what’s the point to wait more. Hurry up and signup to our website to learn more about availing loans through FlexiLoans.

EMBRACE OPPORTUNITY AND APPLY FOR A BUSINESS LOAN IN MADHYA PRADESH

Give wings to your business. Log onto FlexiLoans, apply for the loan and get it approved. Get set to start your business in Madhya Pradesh.


business-loan-in-madhya-pradesh-apply-online-flexiloans