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BUSINESS LOAN IN PUNJAB

Home > Business Loan in Punjab

Business Loan in Punjab

 

Punjab has its location in the northwest part of India and is bordered by the states of Jammu Kashmir, Himachal Pradesh, Rajasthan and Haryana. Pakistan lies in the west part of the state. 

The manufacturing arena of the state, including construction, has notably expanded over the years. Large industries have spanned the entire state employing workers in the production of wool, silk, beverages, food products, machinery, metal products, furniture and transport equipment. Considering the large scale development of business in the state, you can understand the importance of availing business loan in Punjab.

Top Features of FlexiLoans’ Business Loans in Punjab

FlexiLoans is known for providing loan for business in Punjab at interest rates that can easily be afforded by the borrowers. The top features of our loans include:

  • Flexible repayment of term loans. Borrowers can repay their unsecured business loan in Punjab in easy and convenient monthly installments over a time of 12 months.
  • Applications for a line of credit loans or loan against POS can be filled in online. Borrowers can apply for a small business loan in Punjab from the comforts of their homes or offices.
  • When providing vendor financing, we do not follow credit score norms as followed by other CBFCs and banks. We provide GST business loan in Punjab by following our very own credit evaluation procedure.
  • We take the financial data, business transactions and banking behaviours of the borrowers into account when evaluating their creditworthiness.
  • All the different business loans that we offer come at the most competitive rates of interest. There are no hidden charges for the borrowers, and they are charged 2% of the majority of the loan amounts as processing fee.

We know that how to get business loan in Punjab is a major concern among the businessmen and thus we aim at solving the problem by being helpful in the endeavours of these individuals. Come to us, and we will help you financially, so you are successful in your business.

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Basic Eligibility Criteria

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

Documents Required for Business Loan in Punjab

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.

How do I repay my Business loan from FlexiLoans?

You repay your loan in EMI. You can choose to debit your EMI's from your Bank account directly.

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.

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

FlexiLoans provides only collateral free business loans. So, you do not need collateral for applying for a business loan.
What are the purposes for which I can get a loan via FlexiLoans?

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?

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.
How do I repay my Business loan from FlexiLoans?

How do I repay my Business loan from FlexiLoans?

You repay your loan in EMI. You can choose to debit your EMI's from your Bank account directly.
What documents are required to apply for a loan?

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?

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

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

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.

ou repay your loan in EMI. You can choose to debit your EMI's from your Bank account directly.

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.

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