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Business Loan in Bangalore
A business loan in Bangalore is a loan designed for meeting the requirements of businesses. It involves borrowing a certain amount of money as debt from a financial organization or an NBFC like FlexiLoans. The loan amount is repaid with an added rate of interest according to the terms and conditions put down by the lender. The money obtained through such loans is generally used for funding startups or for expanding existing businesses.
How to Get Business Loans Online Instantly?
If you want to get business loans online instantly, then the most crucial step you need to take is finding the right lending organization. Since Bangalore is growing rapidly as a business town, it would not be difficult for you to find the right sources for your loan. Commercial activities thrive in the city, and if you have made up your mind to set up your own business here, it would not be challenging for you to get business loans online. To fulfill the financial requirements of several booming businesses in this city, NBFCs like FlexiLoans have come up with their business loan options here.
These loans are offered at varied rates of interest-based on the requirements and the eligibility of different businesses. You simply need to apply for small business loans with your desired organization. Next, as a business, you will have to prove your potential of repaying the loan amount through the profits gained from business. It is a good idea to go for NBFC services for business loans because they are more lenient with the loan terms and conditions. Out of all the different NBFCs operating out there, FlexiLoans offers a trouble-free lending procedure with low rates of interest, flexible tenures, and simple documentation.
Why Get a Loan for your Business in Bangalore?
There are several benefits that you can reap if you get a loan for your business in Bangalore. The benefits are as follows:
- You can avail a huge loan amount for giving a boost to your existing business or even for starting with your business without having to go through any kind of hassle.
- Next, the rate of interest charged on these loans is minimal, so you will have more funds to manage your business expenditures.
- You can even repay the loan amount through fixed monthly instalments.
- The loan amount is available to you within the shortest period.
- You have the flexibility of choosing the repayment tenure.
- The online business loan application procedure is transparent with the borrowers being updated about every step within the process.
Hence, it is quite easy and feasible to go for a business loan in Bangalore.
Basic Eligibility Criteria
Minimum Business Vintage | 1 year |
Monthly Business Sales Minimum | 2,00,000 |
Documents Required for Business Loan in Bangalore
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 in Bangalore via FlexiLoans?
- Why should I avail loan in Bangalore via FlexiLoans?
- What documents are required to apply for a loan in Bangalore?
- Are there any charges other than interest rate that I have to pay to avail the loan in Bangalore?
- How do I check my loan eligibility in Bangalore?
- What is the business loan interest rate in Bangalore?
What are the purposes for which I can get a loan in Bangalore 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 in Bangalore 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 in Bangalore 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 in Bangalore.What documents are required to apply for a loan in Bangalore?
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 in Bangalore?
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 do I check my loan eligibility in Bangalore?
You can check it on our website by clicking here.What is the business loan interest rate in Bangalore?
Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.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.
How do I check my loan eligibility?
To check the eligibility click on the link here.
What is the business loan interest rate?
Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.