BUSINESS LOAN IN VISAKHAPATNAM

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Business Loan In Visakhapatnam

The financial capital of Andhra Pradesh, Visakhapatnam is also called a Vizag. This city is ranked number ONE in the state for its population and stands number 14 in India. India’s by and the large gross domestic product is majorly contributed by this city among the top 10. This being the natural harbor in India (east coast), seafood export business tops all the other ports.

One of the top 100 rapidly growing city in the world, Vizag offers numerous business opportunities. The GDP is USD 43.5 billion and is the 9th richest city in India. The city also called the City Of Destiny and has the first naval base in India. Andhra University is the oldest university in India and from 2015 IIM has started its branch. This adds more value to the city by producing educated youngsters for the development of the country.


Profitable business in Visakhapatnam

If you want to apply for a business loan in Visakhapatnambut not sure on which business will make you rich. Then find below some suggestions. Talk to us in person and we will give you guidance and finance.

  • Seafood Export – Start this export business and you can mint money. Seafood is naturally available in Vizag and the harbor will allow you to do export effortlessly.
  • IT Sector – If you want to start an IT business, then you can because of the several educational institutes in Vizag produces many graduates year on year. There is no dearth to talents and start your IT business.
  • Pharma Business – You can become an innovator or manufacturer of medical equipment. Yes, AP Medtech Zone Limited provides the testing and manufacturing facility for innovators.
  • Ferroalloy Plant – Abundance of manganese ore near Vizag offers an opportunity to start ferroalloy plant.

We provide you a collateral free business loan up to 1 crore to start a business in Vizag and contact us to kick start today.


Who can apply for a business loan in Visakhapatnam

  • Applicant age should be between 21 to 55.
  • Last 2 years ITR.
  • Yearly turnover should be a minimum of 24 lakhs.

Basic Eligibility Criteria

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

Is FlexiLoans the right place to get a business loan in Visakhapatnam?

Those who seek a loan always have many thoughts. They are worried about which financial institution is the best for a loan, how they can understand the terms and how to pay interest, and so on. We cater to all your concerns and ensure trouble-free lending. Below are some of our loan features.

  • We serve over one hundred cities in India across all the states.
  • Now we assure you that you are lending money from home at one click. The next concern for you is the documentation. We promise once again that you do not have to worry too much because there is no need to run with any documents. You can apply online with one click. Connect, and submit documents for approval within 2 business days.
  • Another problem is the warranty. Feel glad, that we do not demand security in any kind from you.
  • Time to discuss the tariffs. You can use our EMI calculator and understand the EMI amounts very easily. No confusions and hidden clause anymore.
  • Think of business with one crore investment we will provide you with the money.

So you got an easy process, no paperwork, and huge amount as loan. Don’t wait and call us today for obtaining an unsecured business loan in Visakhapatnam.


Documents Required for Business Loan in Visakhapatnam

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.

What information and documents are required to apply for a loan?

You will require Personal details, business details, and financial details and for documents KYC, business KYC, and bank statement required.

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

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

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.

You will require Personal details, business details, and financial details and for documents KYC, business KYC, and bank statement required.

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