Home > Business Loan in Chennai
Business Loan in Chennai
Chennai, the Detroit city of India, is known to be the most significant automobile sector in the country. Over the years, the metro city has grown to become a hub for commercial industries and industrialists. From IT to medical and tourism, Chennai is thriving, due to which, more and more people are interested in starting their business in the city nowadays.
Keeping Chennai’s industrial growth into context, we at FlexiLoans.com have come up with incredible business loan in Chennai offers, where one can grab the best deals and begin your entrepreneurial journey as soon as possible.
The youngsters in Chennai are always looking for different opportunities to invest in various sectors. However, due to a shortage of money, most people give up on their dreams. But don’t worry, now you can get a small business loan in Chennai and start making investments as per your needs.
Why Should You Get a Business Loan in Chennai?
Are you still wondering why you should opt for a GST business loan in Chennai? Here are a few benefits to help you decide –
- Incredible Growth
Chennai is brimming with potential when it comes to the industrial sector. And if you wish to build an entrepreneurial career, it is time to start now. By taking up a loan for business in Chennai, you can invest in different sectors and increase your chances of becoming a real businessman.
- Easy to Avail Loans
If you are running short on cash inflow, you can opt for a term loan and get your things done. It is easier to avail, and you do not have to go through a whole procedure of documentation again!
Basic Eligibility Criteria
| Minimum Business Vintage | 1 year |
| Monthly Business Sales Minimum | 2,00,000 |
Why choose us, FlexiLoans.com?
Here is why you should get an unsecured business loan in Chennai from FlexiLoans.com. Take a look –
- It is more comfortable with us. You don't have to keep searching online on "how to get a business loan in Chennai." All you need to do is sign up with us and fill-up the form. Get loans in 48-hours given you meet all the required criteria.
- Collateral-free loans.
- No hidden charges, no extra fee.
- Get loans up to 1 crore.
Documents Required for Business Loan in Chennai
| 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?
- Why should I avail loan via FlexiLoans?
- What documents are required to apply for a loan?
- Are there any charges other than interest rate that I have to pay to avail the loan?
- Why will a person opt for an unsecured business loan?
- How to apply for a business loan?
- What would be the duration of the business loan?
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.Why will a person opt for an unsecured business loan?
In an unsecured business loan, you do not need collateral, and you can get a business loan only based on your business performance. Therefore it's less risky and hassle-free.How to apply for a business loan?
To apply for a business loan, click on the link here. Fill the loan application and upload the documents online our team will then contact you regarding the loan.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.
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.
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.