Business loan in Hyderabad

India's cities are teeming with business opportunities today. Entrepreneurship is seeing a boom, with plenty of options for investments and loans. FlexiLoans aims to be part of this massive growth story. We're here for your financial needs, be it to start a small business or to fill short-term cash flow gaps. And we provide collateral-free loans across all parts of India.

Benefits of Business Loan at Flexiloans

FlexiLoans is now part of the growth story in Hyderabad, as we now have loan offers for all small businesses. We provide low-interest and collateral-free business loans with a simple application process and flexible payment options. Get the FlexiLoans advantage now!

1. Simplicity and Speed

FlexilLoans has a plan that works for all your business needs in Hyderabad. Our primary mottos are Simplicity and Speed. The application procedure is simple and completely digitalized. The documents required are minimal, further simplifying the loan application process. The loan will be credited to your account within three days of the date of approval of your documents.

2. Flexibility in Repayment

FlexiLoans understands that there needs to be flexibility in loan repayment options. We do not follow a one-size-fits-all approach but change the terms, taking into account the needs of individual businesses. Businesses and entrepreneurs in Hyderabad also avail themselves of this much sought-after approach.

3. Improved Creditworthiness

Loan applicants in Hyderabad, availing of a business loan from us, stand to improve their creditworthiness. This is because we share the repayment data with three different credit rating agencies in the country, which includes CIBIL. We consider individual cases, unlike other loan companies. We are also open to lending to applicants who have seen a slight drop in their credit rating in the recent past.

4. No Collateral Requirements

Our loans are collateral-free, where the businesses need not pledge their assets with us. This is another advantage that we provide our customers in Hyderabad.

5. Lesser Interest Rates

We determine the interest rates for the business loans on a case-by-case basis by taking several factors into account. These include business stability, creditworthiness, and the amount required. We charge one of the lowest interest rates in the industry. You will have to pay nothing extra apart from the interest and processing fee that we charge during the business loan processing stage. If you are seeking a FlexiLoan in Hyderabad, you can check the interest rates by using the business loan calculator on our website.

Eligibility Criteria of Business Loan in Hyderabad

1. Minimum and Maximum Age

The applicants should not be younger than 21 years and not older than 60 years on the last day of the repayment period.

2. Business Income Requirements

The business should have a minimum revenue of INR 20 lakh. It should also have filed an ITR in the last two years with a minimum taxable income of INR 2.5 lakh. Finally, the business should have seen an increase in revenue and profits in the last two years. This is one of the major requirements for having the loan application approved from our end.

3. Stable Business

We look for business stability before disbursing loans. A good track record will ensure more favourable terms for the business you run in Hyderabad. In comparison, a newer business might get approval for a lower loan amount.

4. Leverage

FlexiLoans assesses the applicant’s ability to repay the business loan before approving the loan application. A higher leverage in the balance sheet of a business might negatively impact the repayment ability of the debtor. While we consider other outstanding debts as an important factor, it is not the only factor that we consider. There are several other factors that we take into consideration to assess the repayment ability of the debtors, such as the amount of business loan requested and creditworthiness.

5. Creditworthiness

The creditworthiness of the applicants is another factor that we consider before approving the loan process. A higher credit rating will ensure more favourable terms for the applicants. A CIBIL credit score of 700 or more is generally considered to be favourable for obtaining a business loan in all cities, including Hyderabad.

Documents Required for Business Loan in Hyderabad

How to Apply for a Business Loan in Hyderabad

Here are simple steps to apply for a business loan from FlеxiLoans:

1. Visit the wеbsitе or download our mobilе app and click “Apply Now”.
2. Fill in your personal and business details and sеlеct the loan amount and tenure you require.
3. Upload thе rеquirеd documents and submit your application.
4. Wait for our vеrification and approval process, which usually takes less than an hour.
5. Oncе approvеd, you will rеcеivе thе funds in your bank account within 48 hours. 

Businеss loans arе a grеat way to financе your businеss nееds, howеvеr, gеtting a businеss loan in Hydеrabad can bе challеnging, as banks and othеr lеndеrs havе strict еligibility critеria and documеntation rеquirеmеnts. That is why you should consider applying for a businеss loan from FlеxiLoans, a lеading onlinе lеnding platform that providеs quick and еasy accеss to crеdit for small businеssеs.

Frequently asked questions