BUSINESS LOAN IN TAMILNADU

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Home > Business Loan In Tamil Nadu

Business Loan In Tamil Nadu

Tamil Nadu is the second-largest economy in India that is helping India climb up the business ladder across the globe. With a huge number of factories in place, and 55 Special Economic Zones (SEZ), it currently stands 4th in India’s overall export business. It also grabbed the 4th position in agriculture after Punjab, Uttar Pradesh, and West Bengal. Here, the service industry contributes to about 45% of the economy, followed by the manufacturing industry at 34% and then agriculture stands at 21%. It has got a network of about 113 industrial parks and estates with supporting infrastructure and supports sectors like agriculture, textile, automotive, manufacturing, transportation, textile, etc. Thus, with the booming industry and a pool of opportunities, Tamil Nadu is the best place to get a working capital loan to run your business.


What is the benefit of taking a business loan in Tamil Nadu? 

There is no dearth of opportunities in Tamil Nadu as it not only is a great place for small businesses to flourish. Let’s look at the various aspects of taking a business loan in Tamil Nadu:

Business-friendly State

Tamil Nadu’s booming industry offers several business opportunities and it is only wise to avail GST business loan in Tamil Nadu as the state is entrepreneur-friendly and encourages a professional business environment.

Boosts Employment 

 This state has got a literacy rate of 80%, and with so many educated folks, the private sector job opportunities remain the same. Thus, a good business idea would be ideal to start a business instead of migrating to other cities or waiting for a job. So, a small business loan in Tamil Nadu would be enough to boost your business. 

Several State-funded Schemes 

Moreover, the TN government to encourage small businesses in the state has announced several loan schemes. This will create a healthy competition among loan providers to compete and in turn, helps individuals to get an unsecured business loan in Tamil Nadu. 

Numerous Business Opportunities 

Tamil Nadu is known for a flourishing business in several sectors like agriculture, textile, electronics, IT, automobile, education, transport, paper, food processing, and leather. With so many sectors, it gets easy to get a business loan in Tamil Nadu at a lower interest rate and expanding it. 

Improving credit history

Getting more lines of credit in the future and consistently repaying them on time boosts your creditworthiness and improves your credit history.

To sum up, if you are looking for a business loan in Tamil Nadu, then get it from Flexiloans.com to have a transparent, seamless, quick, secured, and paperless process to get more term loans.


Basic Eligibility Criteria

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

Documents Required for Business Loan in Tamil Nadu

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.

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 to take a business loan

  • Complete the application form
  • Upload your documents online
  • Our team will check your documents & evaluate your application
  • Once approved funds will be credited to your account

Where to get a business loan without collateral?

You can get a business loan without collateral at FlexiLoans. Just click on the link here and upload the document.

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.

  • Complete the application form
  • Upload your documents online
  • Our team will check your documents & evaluate your application
  • Once approved funds will be credited to your account

You can get a business loan without collateral at FlexiLoans. Just click on the link here and upload the document.