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Flexi Line (Drop Line Of Credit)

meet short-term business needs with collateral-free loans

Eligibility criteria for Line of Credit

    • Business with at least 1 year history
    • Annual Business Turnover of at least 24 lakhs
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BUSINESS LINE OF CREDIT

You own a business which has seasonal variations or unexpected and unforeseen liquidity requirements. You may need immediate capital to manage your stock during the festive season. We have a solution to all such problems – FlexiLoans Line of Credit.

FlexiLoans Line of Credit is a credit facility that will give you control over your finances and increase visibility of your finances for you.

When should you apply for Line of Credit

    • Irregular cash-flows depending on seasonal factors
    • Fluctuating Capital Requirements
    • Seasonal Inventory Requirements
    • Short-term investments

Benefits of FlexiLoans Line of Credit

Disbursal within 48 hours

Simple Documentation

Quick and seamless processing

No Hidden Charges/Fee

Interest charged on daily basis, on the utilised amount

Fully online process

Features of FlexiLoans Line of Credit

  • Line of Credit with a monthly decline (by a factor = Initial Line / Tenor). For Eg: If initial line of credit is Rs 10 lakhs with tenor for 10 months, then each month the credit limit will decrease by 1 lakh
  • Credit Limit upto 1 crore
  • One time processing fee upto 2%
  • Flexible tenure up to 12 months
  • Interest rate basis profile & eligibility
  • Prepayment option without any additional fee
  • Monthly repayment of interest and principal due, if any

Documents required for Line of Credit

  1. Personal KYC – PAN Card
  1. Residential Address Proof (Any One)
  • Rent Agreement
  • Driving License
  • Voter ID
  • Ration Card
  • Passport
  • Aadhar Card
  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

How to apply for Line of Credit with FlexiLoans

  • Fill

    Fill Online Form

    Fill the online Application Form in less than 15 minutes

  • Upload

    Upload Documents

    On submission, FlexiLoans generates Credit Score in less than a day

  • Receive

    GET APPROVED

    Sign the documents and get the loan approved in less than 48hrs


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