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E-COMMERCE BUSINESS LOAN

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E-Commerce Business Loan

As per the economic survey 2022-23, India's e-commerce market is expecting annual growth of 18% through 2025. The e-commerce market is not just attracting customers but entrepreneurs as well. The online marketplace attracts customers with lucrative deals, discounts and shopping festivals. On the other hand, it offers business opportunities to entrepreneurs beyond geographical constraints. For instance, an artisan from a small town can sell products worldwide and can have a global reach online.
In this blog, we will discuss how an e-commerce business loan can help an online business to grow.

What is an E-Commerce Business Loan?

E-commerce businesses have unique requirements such as online compliance, lead generation, conversion, and delivery. To meet these requirements, an enterprise needs fast and easily accessible funding options. Hence, different types of lenders offer an online business loan called an e-commerce loan to meet an online business's specific requirements and promote business in the e-commerce sector. These loans are available at an attractive rate and can cover expenses like expansion, designing a website, brand promotion, etc.


Features of an E-Commerce Business Loan

An e-commerce loan is specially designed for online businesses. Some of its striking features are given below.

  • These are unsecured business loans and do not require any collateral.
  • An e-commerce business can avail of loans starting from ₹1 lakh to ₹1 crore.
  • These are short-term loans with a tenure of up to 270 days.
  • These loans have low-interest rates starting from 1.5%.
  • These loans offer flexible repayment schedule options.
  • The loan amount depends on the sales revenue per month

Eligibility to Avail of An E-Commerce Business Loan

An e-commerce business loan is available for anyone having an online business, a partnership firm, or a business with a presence on an e-commerce platform. To get an e-commerce business loan, businesses or business owners must fulfill certain eligibility criteria such as:

  • The business owner should be a citizen of India.
  • The online seller should have a registered business with a minimum of 6 months of operation.
  • The business should fulfill the minimum requirement of per month revenue as specified by the lender.
  • The business should have a strong presence on any popular e-commerce platform like Amazon, Flipkart, etc.
  • The business should have a good credit score for better chances of loan approval.
Minimum Business Vintage 1 year
Monthly Business Sales Minimum 2,00,000

Documents Required for E-Commerce Business Loan

The documents you will need to apply for an e-commerce loan are similar to the documents required for a business loan.

Personal KYC PAN card
Residential Address Proof (Any One) Rent Agreement | Driving License | Voter's ID | Ration Card | Passport | Aadhar Card
Banking Last 6 months current account bank statements
Business KYC (Any One) GST Registration Certificate | Shops & Establishment Certificate | Business PAN Card

Selecting the Right E-Commerce Loan For Your Business

For your business's success, selecting the correct type of e-commerce loan that can fulfil your needs is crucial. Conduct market research and compare various loan options available in the market based on different parameters. Here are some key factors to consider while selecting an e-commerce loan:

  • Determine the right amount of loan you need for your business. Calculate all your monthly expenses and sales, and then identify your short-term and long-term goals. This will help you in estimating the correct loan value you need.
  • Compare interest rates and loan processing fees of various lenders. There is a lot of competition in this market. Hence you can leverage this opportunity to get a loan at the lowest interest rates and processing fees.
  • Look for lenders that provide fast loan disbursals with minimum paperwork.
  • Also, check the repayment schedule of various lenders. It is always good to choose a lender offering a flexible repayment schedule.
  • Check the terms and conditions of the loan. Different types of lenders have different terms and conditions. Some may charge interest, while some may prefer an equity share. Choose what suits you best.

Conclusion

An e-commerce loan offers many benefits, such as no collateral, low-interest rates, and fast disbursal. If you need an e-commerce loan for your online business, you may apply for an e-commerce business loan with FlexiLoans. We offer competitive interest rates with flexible repayment options.


Frequently asked questions

Can I apply for an e-commerce loan for my online business?

Yes, you can apply for an e-commerce loan for your online business if you fulfil the eligibility criteria for the loan application.

Can I get a business loan with a low credit score?

Yes, you can get a business loan with a low credit score. There is no minimum credit score limit to apply for a business loan.

Can I get additional benefits on a business loan?

You can ask your lender for additional benefits depending on your revenues and credit score.

What are the benefits of getting a business loan from FlexiLoans?

FlexiLoans offer quick, easy, and customisable business loans online. You can get a loan at a click through our online platform. We offer loans without collateral with minimal documentation

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

What documents are required to apply for a loan?

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 loan?

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.

Where to get a business loan without collateral for E-Commerce Business?

You can get a business loan without collateral at FlexiLoans. Just click on the link here and upload the document.

For how long will it take for the credit team to approve the loan?

Usually, it takes around 48 working hours.
Can I apply for an e-commerce loan for my online business?

Can I apply for an e-commerce loan for my online business?

Yes, you can apply for an e-commerce loan for your online business if you fulfil the eligibility criteria for the loan application.
Can I get a business loan with a low credit score?

Can I get a business loan with a low credit score?

Yes, you can get a business loan with a low credit score. There is no minimum credit score limit to apply for a business loan.
Can I get additional benefits on a business loan?

Can I get additional benefits on a business loan?

You can ask your lender for additional benefits depending on your revenues and credit score.
What are the benefits of getting a business loan from FlexiLoans?

What are the benefits of getting a business loan from FlexiLoans?

FlexiLoans offer quick, easy, and customisable business loans online. You can get a loan at a click through our online platform. We offer loans without collateral with minimal documentation
What are the purposes for which I can get a loan via FlexiLoans?

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

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

What documents are required to apply for a loan?

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 loan?

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

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.
Where to get a business loan without collateral for E-Commerce Business?

Where to get a business loan without collateral for E-Commerce Business?

You can get a business loan without collateral at FlexiLoans. Just click on the link here and upload the document.
For how long will it take for the credit team to approve the loan?

For how long will it take for the credit team to approve the loan?

Usually, it takes around 48 working hours.

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 a business loan without collateral at FlexiLoans. Just click on the link here and upload the document.