BUSINESS LOAN IN SOLUR

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Business Loan in Solur

India is predominantly an agricultural country thus the real soul of its economy majorly resides in villages. In every aspect, the future of India depends upon the villages. Considering the fact, FlexiLoans make endeavors to cover every small part of the country. As a part of our consistent efforts to lend financial help to entrepreneurs, we provide quick, unsecured business loans in Solur.


Top 3 Ideas to Set in Motion Your Business in Solur

If you want to start a business, but having a hard time narrowing your list down to a single successful business idea for your small town, don’t worry. We’ve got your back.

Retail Pharmacy

Starting a retail pharmacy can be a great business idea. An informal tie-up with a clinic or doctor will help your business in a big way and will also enhance your chances of achieving more profits. Moreover, by selling multivitamins or protein-based food supplements a significant amount of profit can be achieved.

Local goods Retailing

Starting local merchandise retailing can be a profitable business venture for small towns. Apart from selling the basic consumer goods and groceries the business can be expanded to incorporate various organic products as well. Additionally, retailing the locally sourced products can be used to attract vocational tourists to such regions.

Vegetable garden farm

Agriculture can be a great business opportunity for rural areas. One can start the production of vegetables and fruits. You can start the business by growing vegetables and fruits that grow best. However, it is better to start a business with small scale production and then go on increasing as per the levels of production and feasibility.


Basic Eligibility Criteria

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

Eligibility Criteria for Availing Business Loan in Solur

Any person who owns a credible business and has good profitability can apply for the business loan. However, in order to establish the number of credits to be disbursed following constraints would be considered:

  • The applicant must have attained the minimum age limit of 22 years and at the time of maturity; the applicant must have attained the maximum age limit of 58 years.
  •  The business must have filed the income tax returns for the last 1 year.
  • The previous year turnovers of the business must be duly audited by the CA.
  • The business must have achieved a profit for the last 2 years.

Interest Rates and Commercial Loan Fees for a Business Loan in Solur

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-free 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
  • The total cash flow of business
  • CIBIL score to the certain creditworthiness of the applicant.

How Flexiloans Differs From Other Financiers?

We at FlexiLoans make attempt to support the entrepreneurs in fulfilling their ideas by cutting down all financial barricades. We aim to devise strategies that are efficient and knock other competitors in the market. To explore more about how we really differ from other financial institutions read below about our benefits:

  • We are present across 100 prominent cities covering every state of India. Moreover, in coming years we seek to expand our services all across the regions of the country.
  • Our application process is extremely simple. No paperwork is required. Fill details online and apply within 15 minutes.
  • We are exceptionally fast. Check the status of the loan and get it approved within 48 hours.
  • We offer 100 percent of the loan amount that too without any security.
  • We offer a loan amount up to Rs.1 crore.
  • No hidden charges. No false claims. We have fair discussions with the applicant for loan approval.

We are unbelievingly fast and flexible. With our customized product solutions, you can apply for the loan through a very simple online process.

Thus, our process for loan disbursement is extremely easy and efficient. Our customized business loans offer you reliable procedures for repayment options along with the competitive interest rates.


How to Apply for a Business Loan in Solur?

If you are one of the business owners or companies looking to avail finances for starting or expanding business in Solur then look no further, log onto FlexiLoans and click to apply here.


Documents Required for Business Loan in Solur

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 can you find out if you qualify or are eligible for a small business loan?

You are eligible for a small business loan if your business has been running for at least 1 year and has monthly total sales of at least ₹2,00,000

What is the lowest interest rate on a business loan in Solur?

Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.

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.

We may charge processing fee to facilitate the loan towards legal and documentation charges.

Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.