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Import Finance Business Loan
Import finance is the money used by an individual or a company to bring goods from the international market to India. Import transactions are a real burden to companies. They often involve a significant amount of money for a long time, even before the products have been delivered to the country. FlexiLoan's import finance provides you a bridge of working capital with a cheaper cost of funds. Today we are going to show you some of the benefits of taking import finance business loans online from FlexiLoans.
Import Finance Business Loan
With the help of import finance, you can optimize your company's cash flow and spend it according to your requirement without having to worry about the import cost of products. Over the past few decades, since the world has become a global village, we have seen a surge of international trade from expensive sports cars to antiques and clothes. There are certain benefits that one gets when they are importing goods from the global market. On the other hand, there are many challenges and one of the biggest challenges in doing business overseas with extended payment terms. Meaning you have to buy large volumes resulting in conducting more business than available funds can support. As a result, it could lead to drainage of capital in a short period.
Basic Eligibility Criteria
Minimum Business Vintage | 1 year |
Monthly Business Sales Minimum | 2,00,000 |
Finance for Importers & Exporters
At FlexiLoans, we care about you and your business; thus, we provide custom-tailored solutions according to your import needs. Our relationship manager is experienced in trade finance, so they understand your need for capital and provide you with the best solutions. The processing of import finance loans can take up to months, but that's not the case with our service. Just like any other loan, once you provide all the necessary documents for the verification. Your loan will be sanctioned as soon as possible. That's the reason why a lot of companies take a loan for import business in India.
How to get an import-export business loan in India?
It might look not easy to you, but getting an import-export business loan is reasonably easy with FlexiLoans. All you need to do is go to your browser and search for our website. Give us a call or fill the form so we can call you back. Once you are done providing your initial information, we will get in touch with you, and from there, your loan process will start.
Documents Required for Import Finance 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 |
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.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.
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.
What is the business loan interest rate?
Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.