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BUSINESS LOAN IN DELHI

Home > Business Loan in Delhi NCR

Business Loan in Delhi NCR

Delhi – The capital of India and one of the top metro cities have turned out to be a hub for young, brimming entrepreneurs over the past few years. The place has seen many small businesses grow to become significant business houses inspiring many others during the course.

Keeping Delhi's entrepreneurial growth in mind, we, at FlexiLoans.com, have come up with business loan in Delhi NCR for anyone who is looking for chances to make it big in the world of business.

With FlexiLoans.com, now you can quickly get a term loan, given that you meet all the desired criteria. We understand the importance of expanding your business, and therefore, we ensure that you do not have to wait too long to get your GST business loan in Delhi NCR approved.


Benefits of Taking Business Loans

Ever wondered why you should take up a small business loan in Delhi NCR? There are several benefits behind the same. Take a look –

  • Expand Your Business

If you wish to expand your business, there are plenty of things that you have to take care of. The very first thing that you need to understand the importance of capital. If you are low on money, chances are, your business won’t be able to grow. By taking up a loan for business in Delhi NCR, you can have enough capital to expand your business anywhere you like.

  • Get Approval Instantly

The best thing about getting an unsecured business loan in Delhi NCR is that given your documents are on point and you fulfill all the eligibility criteria for the loan; it gets approved instantly. And you get your vendor financing amount in your bank account within 48 hours.

  • Always Stay Ahead of The Competition 

Another advantage of getting a loan against POS is that you get to stay ahead of everyone in the business. With more capital, you can improve your business’ efficiency, thus always ruling the commercial world.

  •  Start with E-Commerce Business

If you wish to go online, with enough money, you can start your own e-commerce business.


Documents Required for Business Loan in Delhi NCR

The documents required for a business loan in Delhi NCR may vary depending on the lender and the type of loan. However, some of the common documents that you may need to submit are:

  • Identity Proof: You must furnish a valid government-issued identity document like an Aadhar Card, Passport, or Driver's License.
  • Address Proof: Furnish your utility bill (electricity, water, or gas), rental agreement, or property tax receipt.
  • Business Existence Proof: You must submit a business registration proof, certificate of incorporation, partnership deed, or shop and establishment certificate
  • Legal Documents: Any legal documents, such as licenses, permits, or agreements relevant to your business.
  • Income Tax Returns: Your business's income tax returns for the previous financial years showcase your earnings, validating your repayment capacity.
  • Bank Statements: Include your previous six months’ business bank statements for a specified period to display your financial transactions and cash flow.
  • Financial Statements: This comprises your Profit and Loss Statement, Cash Flow Statement, and Balance Sheet. These documents offer a snapshot of your financial status. If you are applying for a loan amount greater than 20 lakh, you must also provide your financial documents, such as audited financials, ITR, and GST returns.
  • GST Registration: If applicable, provide your GST registration certificate to demonstrate compliance with tax regulations.
  • Collateral Documents: In case you are applying for a secured business loan and pledging commercial property or assets, present ownership documents for verification.
  • Business Plan: A well-structured business plan outlining your company's objectives, operations, financial projections, and repayment strategy is crucial.
  • Project Report: A project report outlining the details and feasibility is essential for specific purposes like expansion or acquisition.
  • Debt Obligations: Details of existing loans or debts, if any.

Eligibility Criteria for Business Loans in Delhi NCR

The eligibility criteria for business loans in Delhi NCR may differ from lender to lender and from loan to loan. However, some of the common factors that lenders consider are:

  • You must be an Indian citizen without defaulting on any previous loan.
  • Your age should fall between 21 and 65 years when applying for the loan and at the time of loan maturity.
  • You must have a registered and operational business for at least one year, with a minimum monthly turnover of 2 lahks.
  • You must possess a decent personal credit history and a good business reputation.

How to Apply for Business Loans in Delhi NCR with FlexiLoans?

To apply for a small business loan with FlexiLoans, you can follow these simple steps:

  • Start by going to the FlexiLoans website from your computer or mobile device.
  • Sign up for an account on the website. You will need to provide some basic information about yourself and your business.
  • Once you have an account, you can initiate the loan application. 
  • Use a business loan EMI calculator to determine your need and affordability.
  • Fill out the required information, including details about your business, the loan amount you need, and the purpose of the loan.
  • We require certain documents to process your application. These typically include business financial statements, bank statements, and identity proof. Scan or upload these documents as instructed.
  • After uploading your application and documents, please wait for our credit team to review your request. They will assess your eligibility and creditworthiness.
  • repayment schedule
  • We will notify you about the approval decision. If approved, we will send a loan approval letter via mail. This letter will include the loan terms, repayment schedule and interest rate.
  • If you are okay with the loan terms, you can accept the offer electronically on our FlexiLoans platform.
  • Once you accept the loan offer, we will credit the funds to your business's bank account. The time it takes to receive the money may vary.
  • Make on-time payments as per the agreed-upon schedule. FlexiLoans offers flexible repayment options, so choose the one that suits your business best.
  • If you have any questions or need assistance during the whole process, you can reach out to our customer support team for help.

Business Loan Interest Rate in Delhi

The interest rate for a business loan may vary with different business loan providers in Delhi depending on various factors. The very first is creditworthiness, primarily determined by your credit score, which is the pivotal factor influencing your business loan's interest rate. A higher credit score, ideally above 750, signifies a stronger likelihood of timely and full loan repayment, resulting in a lower interest rate.

Lenders also scrutinise your business history and performance. They also review if you have an established and profitable company. Having one is deemed low risk, making you eligible for reduced interest rates. Industry-specific risk, market conditions (like inflation and liquidity), and loan amount and terms further shape the interest rate for your business loan.

Types of Business Loan Interest Rate Loan Amount Loan Tenure
FlexiLoans Term Loan 1% per month onwards ₹ 50,000 to ₹ 1 crore Up to 2 years
FlexiLoans Loan Against POS 1% per month onwards Up to ₹ 1 crore 3 months to 3 years
FlexiLoans Line of Credit Loan 1% per month onwards Up to ₹ 1 crore Up to 2 years

The final rate of interest will depend on the amount of loan, tenure, credit profile of the customer, etc. The processing fees for all types of business loans are up to 2% of the loan amount.


Why Choose FlexiLoans for Your Business Loan in Delhi?

FlexiLoans is an online lending platform. Here are some of the benefits of choosing a business loan from a private financer in Delhi like FlexiLoans:

  • Quick application process: You may apply for a business loan from anywhere in India by sharing a few crucial information on the website or app. The application process typically takes 5 minutes and does not require any physical visits or paperwork.
  • Fast credit assessment: FlexiLoans uses technology and risk models that focus on alternative methods for scoring customers. The credit assessment completion takes only minutes, following which you get instant approval.
  • Quick Disbursal: As said before, FlexiLoans understands the urgency of your business needs and ensures fast disbursal of funds within 48 hours of loan approval. You don't have to wait for days or weeks to get the money you need to grow your business.
  • No collateral required: FlexiLoans does not ask for any collateral or guarantor to secure your business loan. You may obtain up to 1 crore of unsecured business loans based on your eligibility and credit profile.
  • Flexible repayment options: FlexiLoans offers flexible repayment options such as EMI (Equated Monthly Installment), bullet payment (lump sum payment at the end of the tenure), or line of credit (pay interest only on the amount used). You can select the option that aligns with your cash flow and convenience.
  • Types of Loans: FlexiLoans provides a range of loan products to suit your specific business requirements. Whether you need a term loan, a line of credit, invoice financing, vendor financing, or an MSME loan, you can find the best option for your business at FlexiLoans.
  • Low Rate of Interest: FlexiLoans charges interest rates as low as 1% per month, depending on your credit profile and loan type. You can also enjoy flexible repayment options and no prepayment charges. FlexiLoans aims to provide affordable and convenient financing solutions for your business.
  • Credit Score Not the Only Criteria: FlexiLoans does not rely solely on your credit score to assess your loan eligibility. They use alternative data sources and advanced algorithms to evaluate your business potential and creditworthiness. Even if you have a low or no credit score, you can still get a loan from FlexiLoans if you have a strong business profile.
  • Wide Coverage: FlexiLoans operates in over 1000 cities across India, including both urban and rural areas. You can get a loan from FlexiLoans no matter where your business is located in the country. FlexiLoans has partnered with over 100 merchants and platforms to reach out to more customers and provide them with easy access to finance.
  • Customer Satisfaction: FlexiLoans has over 4 lakh happy customers who have benefited from their business loans. They have received positive feedback and testimonials from their customers who have appreciated their service quality, speed, transparency, and support. FlexiLoans strives to deliver the best customer experience and help small businesses grow and succeed.

Frequently asked questions

What are the purposes for which I can get a business loan in Delhi 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 business loans in Delhi 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 business loan in Delhi 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 Delhi.

What documents are required to apply for a business loan in Delhi?

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 business loan in Delhi?

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 much of a business loan can I get in Delhi?

You can get an unsecured business loan in Delhi up to ₹1 crore at FlexiLoans.

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

You will need the Personal details, business details, and financial details and for documents KYC, business KYC and bank statement required

What is a business loan, and how does it work?

A business loan is a financial product that provides funds to businesses for various purposes. It works by lending a specific amount of money, which must be repaid with interest over a defined period.

Can I refinance an existing business loan in Delhi to get better terms?

Yes, you can refinance your current business loan with a new one in Delhi if it offers more favourable conditions like lower interest rates or longer repayment periods.

Are there any tax benefits associated with business loans in Delhi?

Yes, there can be tax benefits with business loans in Delhi. The interest paid on the loan is tax-deductible if you show it in your business expenses in the company's financials.

What is the difference between a secured and unsecured business loan in Delhi?

A secured business loan in Delhi requires collateral like assets, while an unsecured one doesn't need collateral. Unsecured business finance are riskier for lenders, so they have slightly higher interest rates.

What is the difference between a secured and unsecured business loan in Delhi?

You can use a business loan in Delhi for various purposes, like expanding your business, buying equipment, or covering operating expenses. However, lenders may have to impose restrictions if you are applying for a purpose-specific loan like an equipment loan.

What are the interest rates for business loans in Delhi?

Interest rates for business loans in Delhi can vary based on factors like the lender's policies, your credit score, loan amount, and tenure. Typically, lower-risk borrowers with good credit receive lower interest rates.

What are the consequences of defaulting on a business loan in Delhi?

Defaulting business finance in Delhi can lead to serious consequences, such as damage to credit scores, legal actions, and the loss of assets pledged as collateral.

What documents are necessary to apply for a business loan in Delhi?

To apply for a business loan in Delhi, you typically need documents like business registration proof, income tax returns, bank statements, KYC documents, and business financials.

What is the role of the credit score in obtaining business finance in Delhi?

Your credit score plays a key role in getting a business loan. A higher score indicates creditworthiness, increasing your chances of loan approval and favourable terms.

What are the typical eligibility criteria for a business loan in Delhi?

Eligibility criteria often include the business's age, creditworthiness, annual turnover, and type of business. Lenders in Delhi may have specific requirements.
What are the purposes for which I can get a business loan in Delhi via FlexiLoans?

What are the purposes for which I can get a business loan in Delhi 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 business loans in Delhi 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 business loan in Delhi via FlexiLoans?

Why should I avail business loan in Delhi 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 Delhi.
What documents are required to apply for a business loan in Delhi?

What documents are required to apply for a business loan in Delhi?

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 business loan in Delhi?

Are there any charges other than interest rate that I have to pay to avail the business loan in Delhi?

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 much of a business loan can I get in Delhi?

How much of a business loan can I get in Delhi?

You can get an unsecured business loan in Delhi up to ₹1 crore at FlexiLoans.
What information and documents are required to apply for a business loan in Delhi?

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

You will need the Personal details, business details, and financial details and for documents KYC, business KYC and bank statement required
What is a business loan, and how does it work?

What is a business loan, and how does it work?

A business loan is a financial product that provides funds to businesses for various purposes. It works by lending a specific amount of money, which must be repaid with interest over a defined period.
Can I refinance an existing business loan in Delhi to get better terms?

Can I refinance an existing business loan in Delhi to get better terms?

Yes, you can refinance your current business loan with a new one in Delhi if it offers more favourable conditions like lower interest rates or longer repayment periods.
Are there any tax benefits associated with business loans in Delhi?

Are there any tax benefits associated with business loans in Delhi?

Yes, there can be tax benefits with business loans in Delhi. The interest paid on the loan is tax-deductible if you show it in your business expenses in the company's financials.
What is the difference between a secured and unsecured business loan in Delhi?

What is the difference between a secured and unsecured business loan in Delhi?

A secured business loan in Delhi requires collateral like assets, while an unsecured one doesn't need collateral. Unsecured business finance are riskier for lenders, so they have slightly higher interest rates.
What is the difference between a secured and unsecured business loan in Delhi?

What is the difference between a secured and unsecured business loan in Delhi?

You can use a business loan in Delhi for various purposes, like expanding your business, buying equipment, or covering operating expenses. However, lenders may have to impose restrictions if you are applying for a purpose-specific loan like an equipment loan.
What are the interest rates for business loans in Delhi?

What are the interest rates for business loans in Delhi?

Interest rates for business loans in Delhi can vary based on factors like the lender's policies, your credit score, loan amount, and tenure. Typically, lower-risk borrowers with good credit receive lower interest rates.
What are the consequences of defaulting on a business loan in Delhi?

What are the consequences of defaulting on a business loan in Delhi?

Defaulting business finance in Delhi can lead to serious consequences, such as damage to credit scores, legal actions, and the loss of assets pledged as collateral.
What documents are necessary to apply for a business loan in Delhi?

What documents are necessary to apply for a business loan in Delhi?

To apply for a business loan in Delhi, you typically need documents like business registration proof, income tax returns, bank statements, KYC documents, and business financials.
What is the role of the credit score in obtaining business finance in Delhi?

What is the role of the credit score in obtaining business finance in Delhi?

Your credit score plays a key role in getting a business loan. A higher score indicates creditworthiness, increasing your chances of loan approval and favourable terms.
What are the typical eligibility criteria for a business loan in Delhi?

What are the typical eligibility criteria for a business loan in Delhi?

Eligibility criteria often include the business's age, creditworthiness, annual turnover, and type of business. Lenders in Delhi may have specific requirements.

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 can get an unsecured business loan up to ₹1 crore at FlexiLoans.

You will need the Personal details, business details, and financial details and for documents KYC, business KYC and bank statement required