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Home > Business Loan In Salem

Business Loan In Salem

Originally Tamil Nadu was split into 13 districts and Salem was one among them and it is the 5th largest city in TN. With a land area of 5205 Km2 there are numerous business opportunities in Salem District. It is also called a city of mango and steel. Starting your own business in Salem is a good idea because Salem is located near mountains and hence contains a large amount of magnetite, bauxite deposits and other minerals. Also, clothing business will flourish as it is located near Coimbatore which is called Manchester of South India.


Is FlexiLoan the right place to avail loan in Salem? Yes, why?

There are always several thoughts pondering in people’s mind looking for a loan. They worry about whom to choose for a loan, how to understand the terms, and is it possible to repay, etc. We address all your concerns and assure you a hassle-free loan processing method. Find below some of our loan features.

  • We serve more than one hundred cities in India. Currently, we focus on Tamilnadu and chose Salem to be our most favorite city as there is a lot of business opportunity.
  • Now, we assured you about providing a loan in your location. The next concern for you is documentation. Again we promise you not bother too much as we go paperless. You can apply online in just one click. Create a login, upload documents, and submit to get approved within 2 business days.
  • Another concern is about the guarantee. We don’t ask for any security and hence feel glad.
  • It’s time to discuss interest rates and calculations. Yes, EMI calculation is time-consuming but we make it simple for you and explain clearly.
  • After crossing all the stages you want to know how much loan amount you will be eligible for applying. We provide up to one crore.

Thus, at FlexiLoans, we provide good rates, no paperwork, and the best amount without any collateral.


Basic Eligibility Criteria

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

Documents Required for Business Loan in Salem

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

How much business loan can i get in Salem?

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

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

How long does it take to get a business loan in Salem?

Usually, it takes around 48 to 72 working hours to complete the process.

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.

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

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

Usually, it takes around 48 to 72 working hours to complete the process.

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.