BUSINESS LOAN IN PATIALA

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Business Loan in Patiala

Patiala is one of the most famous districts of Punjab. Earlier, it was popular as a princely state of erstwhile Punjab. Patiala is also known for its food and the famous term ‘Patiala peg’ which is used throughout India and even in the other parts of the world. There are some of the most attractive tourist destinations jam-packing this region and calling in tourists from different parts of India. 

Businesses and industries are growing at a very fast pace in Patiala, considering the large scale development that is taking place in all the different regions of both Haryana and Punjab. Getting an unsecured loan for business in Patiala is not a big deal with FlexiLoans being available at your services.


Understanding Unsecured Business Loans

These are funds offered without the borrower going through the hassle of providing collateral to the NBFC or the bank. Serving as one of the best NBFCs in India, we, at FlexiLoans, put in our best efforts in providing the right small business loan in Patiala. Our GST business loan in Patiala is designed keeping the GST tax return interests of the borrowers in mind. 

We are into providing four types of loan for business in Patiala, and they are term loans, loan against POS, vendor financing and line of credit. There are no hidden charges on availing these loans with processing fees charged up to 2% of the total loan amount.

Our business loan in Patiala is specifically designed to help small scale and medium-sized industries and companies to expand their manufacturing procedures or to buy the extra supplies they would require for top-quality performance. Merchant cash advance funding from our end will help offline merchants accepting payments through debit and credit cards only. On the other hand, our credit line loans are for business individuals who do not have good credit scores but would like to avail required funds for managing their business in a better way.

For individuals thinking about how to get business loan in Patiala, it would be a great idea to come to us and avail the different loan facilities that we are providing. We do not leave a single stone unturned in providing finances to clients looking to start new businesses or maintain the existing ones. Our loans will satisfy all your business requirements. So, what are you waiting for? Come to us and get the money you need!


Basic Eligibility Criteria

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

Documents Required for Business Loan in Patiala

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 long does it take to get a business loan Patiala?

To get a business loan fully disbursed into your account, it usually takes around 48 to 72 working hours.

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

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.

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

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.

To get a business loan fully disbursed into your account, it usually takes around 48 to 72 working hours.

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