Business Loan in Telangana

Business Loan in Telangana

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Why business loan in Telangana?

Telangana is the most recent and youngest state in India. Despite being very new as it was engraved from the former state of Andhra Pradesh in June 2014 after a lot of difficulties and painful fight it has a lot of advantages with it. One of the advantages is that it has got Hyderabad as its capital. Thus, got one of former business capital to be part of it with its business affable heritage.

Telangana Government has sanctioned 8,500 projects between January 2015 and November 2018 with the total cost of investment of Rupees 1.4 Lac Crore. More than 6,000 projects have started operations as on January 2019 with a cost of investment of Rupees 60,660 crore. 2.7 Lac Jobs have been created because of the investment. A fifth of the projects that have started operations in manufacturing projects with the total cost of investments of at least 10 crores.

Top 3 Business Ideas In Telangana

Are you looking for investing in Telangana? Or Do you want to start your own business in Telangana? Or Are you an entrepreneur with startup ideas for small to medium scale business? The main occupation of the people in Telangana is Agriculture. Other industries include software and Information Technology, minerals, apparels, mines, spices, auto components and automobiles, textiles, horticulture, pharmaceutical, and poultry farming. Hyderabad is known worldwide for Information Technology and Pharmaceutical industries.

The top three business ideas are as follows:-

  • Mobile App Making

Hyderabad is known for its Software and Information Technology industry worldwide. Mobile App development is one of the most money-spinning business ideas in Telangana. Because of the Software Industry, Hyderabad is also called as Cyberabad. Software and Mobile App industry has enormous potential in Telangana.

  • Retail Business

All areas in Telangana is aptly suited for retail businesses. In fact, it the best profitable business idea in Telangana with a small investment. Across all locations in India, the retail business contributes to the major revenue. It accounts for 15% of the nation’s GDP. You can choose one area and start a small retail store selling gift items, gadget accessories and many more to gain experience.

  • Grocery Delivery Business

People in urban areas do not find time to purchase groceries. They look for online delivery and here you can capitalize the opportunity. You need not have a store but can connect with shops and help them deliver their groceries ranging from general household items, grains, vegetables, etc. These shops have all items required for daily living and you can help them deliver the goods at the doorstep of customers. You can take a business loan and purchase a vehicle to start your business as the first step.

Who is qualified to avail for a business loan in Telangana

In Telangana, the persons who are educated and have the desire to start a business or become an entrepreneur but do not have a source of investment can stop distressing and can apply for loans and contact us. Loans are provided to students who are graduating with good grades we are there to provide you with loans. You can avail loans to start any type of business such as exports, retail or wholesale business. Anyone with a desire to start a business can apply for a loan, however, as per the laws there are certain legal terms for eligibility and they are as follows:-

  • You should have been in business for at least 12 months from the date of incorporation
  • Your monthly turnover should be at least ₹2,00,000
  • You should be above 21 years of age

Credentials required for a business loan in Telangana

There are various criteria for obtaining loans even if you are qualified for the loans. If you satisfy the below mentioned criteria’s you can obtain loans very quickly.

  1. Documents Required                  
  • Personal KYC – PAN Card

  1. Residential Address Proof (Any One)
  • Rent Agreement
  • Driving License
  • Voter ID
  • Ration Card
  • Passport

  1. Last 6 months Current Account Bank Statement in Net Banking PDF format

  1. Business KYC (Any One)
  • GST Registration Certificate
  • Shops and Establishment Certificate

Charges and Interest Rates for business loans in Telangana

According to the Government of Telangana, there are various criteria that must be taken into account when calculating interest rates of small, micro and medium sized industries. Please contact us to know the interest rates to understand the government criteria. They are as follows,

  • Company Assets
  • Operating cost
  • Equity Quotas
  • Loan Terms
  • Credit Information Bureau India Limited (CIBIL)
  • Productivity and commercial profit
  • Currency flow

EMI: The EMI amount to be paid depends on the duration of the contract and the number of loans. The EMI amount and loan amount are directly proportional and amount and duration are inversely proportional.

Business Loan Nature and Respective Charges

The other factors that influence the loans are as follows; please contact us to understand these.

  • Down payment
  • Pre closure rates
  • Commissions and Commitments

The loans are available on the case to case basis and depend on the various parameters discussed above. We will help each individual after the persons apply for loans online or in our office.

What is special about FlexiLoans among hundreds of financiers?

People have many choices nowadays to apply for loans and are confused whom to select for taking loans. We address these issues and involve you in every step of loan processing. We provide easier, quick and trouble-free loans to the people.

Please find below our loan lending approaches.

  • We help you to decide how much loan you can avail from us. We offer loans up to 1 crore.
  • Secondly, we do not take any security of any types and there are no hidden conditions.
  • Thirdly, we assist you in calculations of EMI, Interest Rates, etc and we have simplified procedure for this and will explain it clearly to you.
  • If you are applying for business loan in Telangana, then we offer hassle free loans and in no time. You can apply for simple documentation with no paperwork and even apply online and if everything is correct this gets approved in 2 business days.
  • We serve in many cities and states in India.

FlexiLoans come with simple procedures and with no collaterals and no paperwork we give the best amount and offer excellent costs.

Wondering what next? Apply For a Business Loan to kick start your business in Telangana

Please approach us for any types of loans and we encourage organizations and entrepreneurs to apply for business loan in Telangana.