Business Loans in Delhi NCR

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Delhi has boosted its economy in the last 5 years giving opportunity to a large number of home grown entrepreneurs in every sector right from retail to manufacturing to business hubs. Expanding further away from Delhi has been possible giving rise to areas like Noida, Gurugram, Ghaziabad and so on. The BFSI (Banking, Financial Services and Insurance) has picked up rapidly along with IT Hubs, construction and real estate. Giving rise to all of these business activities has also given rise to a greater demand of loan for the SME and MSME sector for working capital, cash flow management or line of credit. To avail a business loan you need to fulfill some criteria like a minimum CIBIL score, profitability in the last 1 year and so on. The amount of loan that can be availed can range from some lakhs to crores depending on the nature of your business and financials.

Benefits of taking up a loan in Delhi NCR

  • Flexibility

With a flexible payment structure, taking up a loan according to your requirements and repayment in line with your business cash flows is a major boost for a loan.

  • Instant Approvals

In a fast moving city like Delhi, where everyone is running for time, a loan process may seem like a lengthy process but on the contrary the loan approval process is a piece of cake provided you fulfill all the eligibility criteria.

  • Staying ahead of competition

With increasing opportunities for businesses to do well, taking on a loan will help stay ahead in the game. By improving the working capital or a shorter cash conversion cycle, efficiency will be at its peak, thus increasing revenues.

  • Expanding E-Business

Having a retail store is not always feasible, but there is always opportunity in the e-commerce sector. 

Eligibility criteria for business loans in Delhi NCR

A business loan can be provided to an individual, a partnership, limited liability partnership, proprietary firm, self employed. To be eligible for a business loan there are a lot of factors that are considered. Every bank that offers loan will look into many criteria prior to sanctioning it. Few important ones are:

    • Age Limit: The applicant should be min 21 years & max. 65 years
    • Turnover: Rs. 200,000 should be minimum monthly turnover
    • You should have been in business for at least 12 months from the date of incorporation

Documents required for business loans in Delhi NCR

Here is the basic documentation required for getting a Business Loan:

  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 Delhi NCR

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, 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?

Here at FlexiLoans it is very convenient to apply for a business loan. We provide loans in 1000 cities all over India with innovative product solutions for our customers.

  • We are completely paperless. Just fill the form, upload your documents, get approved in less than 48 hours.
  • We provide collateral free loans i.e. 100% unsecured loans, making the process less cumbersome for you.
  • We have no hidden fees and charges and are completely transparent; securing your trust is what is important to us.
  • We grant loans with a lending capacity of up to Rs. 1 Crore.

How to apply for a business loan from Delhi NCR

If you are a business owner or a company, please do click here to apply today