Loan against POS
If you are an offline retailer and accept payments digitally via Credit/ Debit cards using POS terminal (Card swipe machine) or via QR code from a mobile wallet, then you can avail a loan equivalent to your average monthly sales through card/QR payments.
This loan can be easily repaid daily from your POS machine or mobile wallet thereby reducing the burden of heavy monthly EMIs. We work with all the top players in India including Pinelabs, Mswipe, IndiaTransact (Ongo/AGS), Firstdata (ICICI merchant services), Paytm, BharatPe and others. If you use any of these payment systems, you can apply and share your unique Merchant ID for us to evaluate the eligibility or if your swipes are not sufficient to pay the loan, we can deduct the balance amount from bank account via ECS (NACH) mechanism.
Want to calculate a sample loan? Try our EMI calculator >
Eligibility Criteria for Loan against POS
Age of business (from the date of registration) | 1 year |
Monthly business sales | Minimum ₹1,00,000 |
Features of FlexiLoans Loan against POS
- Easy daily repayments
- Flexible tenure up to 24 months
- Unsecured loan (No collateral required)
How to apply for Loan against POS with FlexiLoans
Documents required for Loan against POS
Personal KYC | PAN card |
Residential Address proof (Any one) | Rent agreement | Driving license | Voter’s ID | Ration card | Passport | Aadhaar card |
Banking | Last 6 months current account bank statement |
Business KYC (Any one) | GST registration certificate | Shops & establishment certificate | Business PAN card |
Got Questions? 07948061722