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Business Loan In Vijayawada

Vijayawada, popularly known as the “Global City of the Future.” It is expected that the GDP will increase by USD 17 billion by 2025. It is the third densely populated city in the world and AP’s second largest city. It is precisely called the commercial headquarters of AP. It is the most rapidly developing urban markets in India.

City economy is contributed by construction business, educational institutions, the entertainment industry, food processing, travels, hospitality etc. Should you want to start a business? Then Vijayawada is the best location for its population, as well as the availability of different industries.


Why business loan in Vijayawada?

Collateral Free Business loan in Vijayawada is the best option for all entrepreneurs for the following reasons.

  • Export and Trade – There is a great scope for exporting and trading both industrial goods and agricultural goods in Vijayawada. Nunna Mango Market is one of the largest mango markets in Asia. So you can choose to export mango to other cities across India.
  • Real Estate – Growth of economy and population paves the way to perform well in real estate business. You can mint money in the business just by mastering some tactics.
  • Petroleum Products – BPCL, IOC, and HPCL in Vijayawada allow you to start a storage business, bottling, or transportation business.
  • Happy Sunday – Every month on the 1st week Sunday at M G Road you can see an event organized. It is called a happy Sunday. Several games, events, and activities take place and many people gather here. You can think of selling clothes, toys, and other consumer durable goods without paying any rent for shops or infrastructure.

You can now plan for any business as there is a great chance to make revenue with a small investment. The densely populated city will have demand for all goods and now you need to make a wise choice. Wait not and apply for a loan and start your business.


Basic Eligibility Criteria

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

Who can apply for a business loan in Vijayawada?

People who are having a vision or anxious to become an entrepreneur but do not any money to invest must stop worrying today and contact us for getting a term business loan in Vijayawada. In addition, after graduating from college, a community of students wants to help the society by starting some business and we welcome them too to get a loan at the best rate from us. You can request a loan to start a new business, export business, wholesale or retail. In short, anyone who has a business idea but does not have money to invest can talk to us. However, according to the Constitution of India, some legal requirements for getting the loan is a mandate and you need to abide by them.

  • Age limit:  Above 21 years and below 65 years
  • Tax documents: Get your tax papers intact and you can easily get your loan approved. Have a valid PAN number.
  • Your business plan must at least yield 24 Lakhs in a year. Prepare a plan document detailing your vision.

Thus, if you are looking for an unsecured business loan in Vijayawada, then get it from Flexiloans.com as they have a transparent, paperless, secured and seamless process to grant you a Loan against POS on time.


Documents Required for Business Loan in Vijayawada

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

What would be the duration of the business loan?

The average tenure of business loans sanctioned by FlexiLoans is 18 to 36 months.

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 eligibility criteria for MSME loan

Basic eligibility for MSME loan is your business should be running for at least 1 year and has monthly total sales of at least ₹2,00,000

The average tenure of business loans sanctioned by FlexiLoans is 18 to 36 months.

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. You may be charged penal charges for late or irregular payment behavior.

Basic eligibility for MSME loan is your business should be running for at least 1 year and has monthly total sales of at least ₹2,00,000