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Business Loan in Raichur

Raichur district in Karnataka is called the ‘Rice Bowl’ of India because the place is highly favourable for producing paddy and rice. Apart from agriculture, Raichur is also becoming popular as an emerging business region. Oil and cotton-based industries are common due to its geographical position and availability of a natural resource.

The five major industrial belts in Raichur are Raichur, Devadurga, Manvi, Devasugar and Shaktinagar. People interested in setting up a new business or expanding the existing one would find Raichur a lucrative place.

Why Should You Opt for FlexiLoans?

FlexiLoans is an online platform for an easy business loan in Raichur. You can instantly apply through the company’s website. Small business loans are extremely popular as FlexiLoans offer several benefits. The loan for business in Raichur is safe, secure, quick and transparent. These are the reasons why it is the customers’ favourite.

Small Business Loan in Raichur

If you enquire about small ventures, you will find that it is a bit difficult to get a bank loan for financial support to your small business. But the FlexiLoans provide the same facility as they offer to any other business loan. There is no difference.

An unsecured business loan in Raichur is a good option for small scale industries since no personal or business asset is required as collateral. But the borrower needs an inspiring credit rating and a great possibility of excellent cash flow.

A GST business loan is the loan based on GST returns. The small and medium enterprises can apply for this term loan to meet the demands during peak seasons, and they can fulfil the working capital needs by furnishing the GST returns.

You can draw a line of credit amount from the lender up to the maximum amount during festive seasons or anytime when needed. You have to pay interest for the additional amount.

For a better cash flow in your venture, you can also opt for invoice financing. It will help maintain the expenses like employee salary, suppliers due, and also reinvest in the company without waiting for the customers to pay the balance amount.

FlexiLoans offer loan against POS to solve the short term challenges offline. The loans cover every case of lending, and there are different criteria for various businesses.

We offer easy and fast loan processing at competitive interest rates. You can visit our website or call our loan helpline number to get detailed information about how to get a business loan in Raichur.

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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 Raichur

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.

What are the requirements of collaterals and security?

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

The maximum amount of loan that I can take?

You can get an unsecured business loan up to ₹1 crore.