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Home > Business Loan in Bangalore

Business Loan in Bangalore

Bangalore has emerged as the 'start-up' hub of India due to the influx of tech companies and world-class infrastructure. As businesses grow, the demand for capital to fund newer ventures and operations increases, making it crucial to access capital at the right time for success. Business loans offer the most convenient way to raise capital, enabling businesses to apply for loans, including MSME loans, to secure funding for their ventures. Applying for a business loan can ensure businesses have the necessary funds to expand their operations, make investments, and stay ahead in the competitive market.


What is a Business Loan?

A business loan is a financial resource that businesses borrow from banks or other financial institutions to cover expenses they are unable to fund. Businesses can apply for a loan to meet various needs, including paying salaries and wages, promotional purposes, inventory, or launching new projects. Applying for a business loan, including an MSME loan, can help businesses secure the capital they need to cover their expenses, expand their operations, and grow their business. With a business loan, businesses can have the financial resources to seize new opportunities, stay competitive in the market, and achieve their goals.


Benefits of the FlexiLoans Business Loans

Simplicity

We provide an easy online application process, making it convenient for applicants to apply for loans from the comfort of their offices or home. The entire application process does not take more than ten minutes.

Easy and flexible repayment

We provide a repayment period that varies between 6 months and 3 years, which the applicant can choose depending on their convenience.

Improved credit rating

We share the repayment data of our customers with three of the major credit rating agencies in India, including CIBIL. Timely repayment of the EMIs can thus help businesses in building an excellent credit record.

Less Interest

Our interest rates are some of the lowest in the industry. We carry out a detailed analysis of a business before determining the interest rates that will be most convenient for a customer. Customers can get an estimation of the interest rates by using the business loan calculator available on our website.

Quick Disbursal

The business loans are disbursed into the account of the businesses within 3 days.

The minimum and easy documentation process

The number of documents that we require to approve an application is minimal. We deliberately avoid any lengthy process in the application stage, which might be inconvenient to our customers.

No collateral requirement

Our loans are unsecured without the need for any collateral, which means the businesses will not need to pledge their assets with us during the tenure of the loan.


Basic Eligibility Criteria

  1. The applicant should be between 21 and 65 years of age.
  2. The company should have a revenue generation of at least INR 10 lakhs and must have registered profits in the last financial year.
  3. The business should have an established track record. The minimum business vintage and the minimum business experience that we require are 1 year and 2 years respectively. Businesses with a stable record are more likely to have their loans approved.
  4. We consider the outstanding debts of a business before approving the business loan application and the amount sanctioned. We give utmost importance to the repayment ability of a business before sanctioning the loans.
  5. Although we sanction business loans to those having a CIBIL score of more than 650, a score of 700 or more is desirable. Better creditworthiness means better credit terms to the applicant from our end.

The applicant should not have defaulted on a previous loan obligation.


Documents Required for Availing of a Business Loan from FlexiLoans

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

Steps to apply for a business loan at FlexiLoans

Interested applicants can apply for a business loan with us in three easy steps.

1. In the first step, the applicants need to fill out the online application form that is available on the FlexiLoans website.

2. The applicant needs to upload the necessary documents as provided in the previous section.

3. If the loan is approved, it gets disbursed into the bank account of the customer within 3 days, and experts from our end contact you for conveying the repayment details.


Conclusion

We take responsibility for the capital requirements, thereby helping business firms in Bangalore to scale new heights. We provide easy and flexible business loans, without the need for collateral, and with the minimum documentation process.


Frequently asked questions

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

What are the purposes for which I can get a loan in Bangalore via FlexiLoans?

With FlexiLoans, businesses in Bangalore can secure loans to expand their operations, service regular working capital needs, manage seasonal working capital requirements, and manage short-term cash flow gaps.

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.

How long does it take to get a business loan in Bangalore?

To obtain complete disbursal of a business loan in Bangalore, it generally takes between 2 to 3 working days.
What are the purposes for which I can get a loan in Bangalore via FlexiLoans?

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?

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?

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
What are the purposes for which I can get a loan in Bangalore via FlexiLoans?

What are the purposes for which I can get a loan in Bangalore via FlexiLoans?

With FlexiLoans, businesses in Bangalore can secure loans to expand their operations, service regular working capital needs, manage seasonal working capital requirements, and manage short-term cash flow gaps.
Are there any charges other than interest rate that I have to pay to avail the loan in Bangalore?

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?

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?

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.
How long does it take to get a business loan in Bangalore?

How long does it take to get a business loan in Bangalore?

To obtain complete disbursal of a business loan in Bangalore, it generally takes between 2 to 3 working days.

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.

To check the eligibility click on the link here.

Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.