Business Loans in Bangalore

Apply NowApply Now

Bangalore, the Silicon Valley of India, is known for its highest employment in the IT sector and providing promising results to entrepreneurs with an exemplary vision. The city has become an entry point to Technology, FinTech, Real Estate, and other sectors, and all any entrepreneur needs is a business loan in Bangalore to make their vision come true. Companies like Flipkart and Ola Cabs have started their business from this homely city, hence proving to be a startup-friendly city. The Kormangalam neighbourhood has one of the highest densities of startups in the world, second only to Silicon Valley, California. The establishment of IT parks, coupled with the disbursal of more and more business loans in Bangalore, has paved the path for an emerging city. 

The SME sector in Bangalore is vivid and vibrant, with promising results for the entrepreneurs. Every aspect of this city ticks off the boxes to start your venture or continue to grow it, and we are there to make business loans in Bangalore flexible and hassle-free for you. 

Benefits of taking up a loan in Bangalore

  • Immense growth
  • Strong backbone for startups
  • Quick Availability of Lenders

At FlexiLoans, we pride in our seamless process of sanctioning small business loans in Bangalore. Every entrepreneur has numerous obstacles to surpass before setting up the business, and we ensure that getting a loan is never one of them.

Eligibility criteria for business loans in Bangalore

A business loan in Bangalore is provided to an individual, a partnership, limited liability partnership, proprietary firm, self-employed. To be eligible for a business loan, here are a few of the important factors: 

  • Age Limit: The applicant should be a minimum of 21 years & a maximum of 65 years.
  • Turnover: Rs 2,00,000 per month should be your minimum in sales
  • Your business should be at least one year old

Documents required for business loans in Bangalore

  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

Interest Rates and charges for business loans in Bangalore

Interest rates for an SME or MSME business are calculated on various aspects and tangents taking in criteria the CIBIL score, net worth, profitability of the business, cash flows, working capital, and inventory ratios and the tenure of the loan. Usually, a longer dated loan would have a lower EMI while a risky business would have a higher EMI. 

Why apply for business loans at FlexiLoans?

At FlexiLoans, we provide loans in more than 1000 cities all over India with innovative product solutions for our customers and an efficient loan disbursal process.

  • 100% paperless process
  • Collateral-free loans, i.e., 100% unsecured loans
  • No hidden fees 
  • Completely transparent process
  • Lending capacity up to Rs 1 crore

FlexiLoans aims to provide you with the most convenient way of securing a business loan in Bangalore, in a seamless and hassle-free process. 

How to apply for a business loan from Bangalore

If you are a business owner or a company looking to apply for an unsecured business loan in Bangalore, then all you have to do is click here and apply for your loan right away!