Business Loan Online

In today’s fast-paced business landscape, small & medium businesses need quick access to capital to grow. At FlexiLoans, we understand this and provide you with an easy way to apply for a business loan online Our offerings are designed to keep your ambitious growth plans in mind, facilitating a hassle-free and secure online process for obtaining funds.

Benefits & Features of Business Loan

1. Accessible Financing Solutions: Applying for an online business loan with us streamlines financing. Our business loans are readily accessible, helping business owners secure funds without traversing hurdles.
2. Expedited Disbursal Process: FlexiLoans promises the necessary funds transferred to your account within hours of online business loan approval. With quick application and a fast rate of disbursal, you can stay unworried about your finances reaching you exactly when you need them.
3. Types of Loans: We have a range of business loans you can choose from based on your position and need. Everything right from a term loan, small business loan, vendor financing, to MSME loans, you can choose the option that fits you best.
4. High Loan Amounts at Low Rate of Interest: Our quick business loans at interest rates as low as 1% offer as high as ₹ 1 crore, making borrowing affordable and easy for business owners.
5. Minimal Documentation: A completely online business loan application process involves minimal paperwork, ensures your finance in just a few clicks, without leaving the comfort of your office or home. No collateral, no guarantors, or extensive security.
6. Nationwide Reach with Reliable Support: RBI-registered NBFC, empowering 400,000+ customers in 1000+ cities, with easy business loans and dedicated support.
7. Transparency: We ensure complete transparency throughout the loan application process. We charge you no hidden charges or fees on the loan, you can use our status tracking feature to keep a check on the progress of your online business loan.
8. Tax Advantage: Availing of a business loan is that any finances directed towards repayment EMIs of a business loan is tax deductible. With a small business loan from FlexiLoans, you can claim this tax advantage that comes with it.

Reasons to Apply for a Business Loan with FlexiLoans

• No Collateral Required: Collateral-free business loans to make it easier for entrepreneurs with limited assets to procure funding without pledging personal possessions or assets.
• Fast Funding: Speedy funding—money is deposited into your account within hours of approval. Thus, allowing you to concentrate on your business rather than financial concerns.
• Customizable Repayment Plans: Customizable repayment schedules allow you to choose a loan tenure that works with your business circumstances, ensuring uninterrupted cash flow.
• Flexible Loan Amounts: Business loans ranging from ₹50000 up to ₹1 crore to help businesses at various stages of development. Financing start-ups to business expansions!
• Personalized Assistance: Our experienced consultants are always available to assist you through the entire loan process, answering questions and making the process as friendly as possible.
• Competitive Interest Rates: Competitive interest rates based on detailed financial analysis, making it easier for you to manage cash flow and attain financial stability.

Use FlexiLoans Business Loan EMI Calculator

Types of Business Loans We Provide

FlexiLoans offers various types of business loans tailored to meet different needs, including:

• Term Loans:

  A Term loan is a business loan that is ideal for a business situation where you may need a bigger sum of money. Term loans satisfy the immediate funding requirements with one-time disbursal of the funds for a fixed period. Such types of business loans are suitable for the acquisition of fixed assets, equipment, or business expansion.

• Loan Against POS:

  A Loan against POS (Point Of Sale), or a Merchant Cash Advance is a cash advance loan that a merchant can use against future credit and debit card swipe sales. This is a short-term business loan that works on credit or debit card sales to generate instant funds against future sales.

• Line of Credit:

  A line of credit loan, also known as a revolving line of credit, is a type of loan that provides you with access to a predetermined credit limit. This type of credit arrangement enables borrowers to make loan withdrawals in installments up to a certain limit and pay interest only for the used part.

• Vendor Financing:

  A unique arrangement that allows businesses to pay suppliers in installments, reducing immediate cash flow pressures and enabling smoother operations. Vendor financing, also known as supplier financing or trade credit, is a financing arrangement in which a vendor or supplier extends credit to its customers or buyers.

• Collateral-Free Loans:

  A collateral-free loan, also known as an unsecured loan, that would not require you to provide any collateral or security against the loan amount. These loans eliminate the need for collateral. They neither require a third party’s guarantee nor an individual’s property in place to secure it.

• Overdraft credit:

  Overdraft credit, also known as an overdraft facility or simply an overdraft, is a type of credit arrangement provided by FlexiLoans that allows you to withdraw more money from your business bank account than what is available in the account balance, effectively creating a negative balance. This gives you the freedom to use funds beyond what is available in your account.

• Working Capital Loans:

  These loans finance the immediate capital requirements such as inventory, utilities, salaries, etc. They are suitable for wherein a business has periodic or seasonal sales cycles.

Eligibility Criteria for Business Loan

Check out the business loan eligibility criteria that businesses need to fulfill to get the loan amount.

• Age: 21 and 65 years old
• Industry Experience:  Worked in the industry for 3-years and have at least 5-years of experience
• Company has been in service for even more than 3 years
• Company Sales: At least Rs.200,000 in monthly total sales
• Business Operating: Minimum of 1 year
• The business is compliant with taxes and has no dues remaining
• Apply for business loans online in India if the company has been in service for more than 3 years

For more detailed information check business loan eligibility criteria

Business Loan Interest Rates & Charges

*Based on the health of your business, revenues and annual turnover

*terms and conditions apply

Explore FlexiLoan's business loan interest rates as low as 1% per month.

What is a Business Loan?

A business loan is designed specifically to be utilized for business needs. It seeks to address the capital requirements of entrepreneurs and small business owners, whereby they can use the capital obtained to fulfill their varying business needs. This could range from expanding operations, buying inventory, moving online, and managing daily expenses, among other things.

How to Calculate Business Loan EMI?

EMI stands for Equated Monthly Instalment. It is the amount that you will need to pay every month to repay your business loan. You can use a business loan EMI calculator to calculate your EMIs. 

Documents Required for Business Loan

How to Apply For Online Business Loan in Simple Steps:

Submit application, upload documents, receive approval & funds within 48 hours.*

Step1: Online Application

Visit the Flexiloans website and fill out the application form with relevant information.

Step2: Upload the Required Documents Online

Upload copies of all necessary documents such as current account bank statements, KYC documents, and business KYC documents.

Step3: Credit Analysis

After assessing your business results, operations, and credit history, we will calculate the loan amount you are eligible for and the applicable interest rate. Our loan officers will be available to assist you in making the right decision.

Step4: Loan Disbursement

We will share the loan agreement after document verification and loan approval. Once the agreement is signed, the fund will be disbursed to the applicant’s account within 48 hours.

Ways to Use a FlexiLoans Business Loan

• Buying Inventory

One of the best things that small business owners can do with the money available through an online instant business loan
is to buy inventory or improve their existing inventory. Using a loan amount for buying inventory is one good way of managing seasonal dips. It can also come as a major scope for the retailers to replenish their stock, or even try out a variety of new products.

• Managing Daily Business Expenditures

If you want all the different things and procedures within your small business to keep running smoothly, you have to invest a lot of money and time into it. The money availed through unsecured business loans can be used for covering the daily expenditures associated with the smooth functioning of a business. This will further help in keeping the lights on.

• Buying Required Equipment
  

A loan for businesses requires financing for their hard-hitting and heavy expenditures to procure new equipment. One of the best ways of using the amount availed through an MSME business loan in India is by making investments in different tools and equipment. This can help with business expansion and growth. Investing the money in the use of new and advanced technologies for making your business more appealing and instrumental for the targeted clients will give you an edge over your competitors as well.

• Paying Off or Refinancing Debts
  

The cash obtained through a small business loan can even be used for debt consolidation. Paying off debts or refinancing the same early on in business can offer you a great impression amongst the creditors, and even amongst probable customers. So, if you want to build credibility, then make sure to use your funds the right way.

• Business Promotion and Marketing
  

Last but not least, using available funds in business marketing will boost sales and bring in good revenues. If you want your business to grow, you must get brand-new customers for your products and services. Only getting customers will not work. Instead, you should have your focus on building a loyal customer base. This can best be done by using emails, events, social media, and paid media sources. This again requires the use of money, which is available to you in the form of a loan.

Dos and Don'ts of Business Loans

When availing of a business loan, one must keep confident do's and don'ts in mind to ensure a safe and smooth financial experience. These are as follows:

Business Loan FAQs

Latest Business Loan News Updates:

• On May 10th, 2023, non-banking financial company Profectus Capital revealed that it has obtained the Certificate of Registration (CoR) from the Reserve Bank of India under the Factoring Regulations Act, 2011. This certification allows the company to offer factoring services specifically tailored for Micro, Small, and Medium Enterprises (MSMEs). Profectus Capital aims to provide timely and efficient factoring services to MSMEs, thereby enhancing their working capital management, supporting business growth, and facilitating access to short-term financing for operational requirements.
• The Reserve Bank of India (RBI) issued a directive on May 9th, 2023 to all financial institutions, including banks and Non-Banking Financial Companies (NBFCs), regarding the treatment of informal micro enterprises (IMEs) for priority sector lending (PSL) classification. The RBI has instructed that banks and NBFCs should consider IMEs, which the Goods and Services Tax (GST) regime does not cover or exempted from the CGST Act, 2017, but possess the Udyam Assist Certificate (UAC) as micro-enterprises, eligible micro-enterprises for classification under the PSL norms. This directive aims to ensure that these IMEs are included in the priority sector lending framework, thereby facilitating their access to credit and supporting their financial inclusion.
• According to a tweet by MSME Minister Narayan Rane on May 9th, 2023, the Khadi and Village Industries Commission (KVIC), which is a statutory body under the Ministry of MSME, achieved sales of goods amounting to ₹ 1.08 lakh crores until January 31, 2023, in the previous fiscal year. This highlights the significant contribution of KVIC in promoting and selling Khadi and village industry products. Additionally, during the mentioned period, the employment generated through these industries reached a substantial figure of ₹ 1.72 crores, further demonstrating the positive impact of these initiatives on job creation and livelihoods.