FINANCE FOR AUTOMOBILE BUSINESS

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Finance for Automobile Business

We all need vehicles to go from one place to the other. Whether its a two-wheeler automobile or four-wheeler, every Indian dream of owning both of them. With the help of a business loan, you can make a fortune out of this Indian dream. If you have an automobile business for which you need extra money to facelift your showroom or bring another car manufacturing brand in your showroom, then a business loan from FlexiLoans is here to help. With our business loan, you will be given the required principal amount without asking questions. You can do invest in your business any way you wanted there are no restrictions whatsoever.


Finance for Automobile Business

The automobile business is expanding in India, more and more millennials are buying the cars of their dream, and it is the right time for you to invest in this business if you want to increase your profits. In addition to this, finance for the automobile business is quite common, and many banks and NBFCs are willing to provide a loan. Keep this in mind, the automobile industry requires a massive investment, and it might take some time before you start making money from it. So it's better to keep your savings intact and use our business loan to meet your business's financial demands.


Auto Business Loans & Financing

Even if you are not running a showroom of cars, we are still willing to provide you a business loan, the only thing that matters is your business needs to be running for about one year at least. Likewise, with this loan, you get the opportunity in terms of both capital and time for you to increase revenue from your business.


Basic Eligibility Criteria

Minimum Business Vintage 1 year
Monthly Business Sales Minimum 2,00,000

Business Loans for Auto Repair Shops

Small business loans for auto repair stores might be a hoax for some people, but it is our reality, and we are proud to provide this loaning scheme to repair the store. These small business ideas are why India is one of the fastest developing countries in the world. When you get a business loan, you not only get capital for your business but also get a chance to improve your credit score. This will help get a loan from the banks and NBFCs in the future.

The documentation process of a business loan is hassle-free, and you can submit it in just one hour. You can connect with us and make sure what documents you need to fill the business loan application. Furthermore, FlexiLoans believes in fast loan approvals, so make things easy from our customer end.


Documents Required for Finance for Automobile Business

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

Frequently asked questions

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.

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.

We may charge processing fee to facilitate the loan towards legal and documentation charges.

Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.