BUSINESS LOAN FOR MOBILE AND ACCESSORIES BUSINESS

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Home > Business Loan for Mobile and Accessories Business

Business Loan for Mobile and Accessories Business

The ICEA reported that more than 250 mobile factories including accessories business are in operation in India. Supplies such as Powerbank are becoming an important business in the Indian market generating 2,000 crore rupees and can reach 15,000 crores in the coming years.


Why mobile and its accessories business

Among all options available, the mobile accessory business looks simpler to achieve and offers a modest income. Sales of mobile and its accessories have increased drastically in recent years. There is a huge demand for smartphones and hence made the business grow rapidly offering a great opportunity to entrepreneurs.

Do not expect declines or unwitting slowdowns in this industry in the near future as the business grows. As a result, people can go ahead confidently by making a small investment.


Top 4 reasons for applying for a business loan

  • Business Expansion

    Growth is the key to every business. If the business is flourishing, then development will help you to avoid any loss in business. A business loan will help you to cover the expansion costs without having to withdraw your resources so you can see your business mature.

  • Inventory

It is the cornerstone of all business such as seasons, wholesale and retail. Soon after your business starts functioning, you will need funds to constantly expand and replenish the inventory for meeting the demand and offer superior service to customers. By taking a commercial loan, you can balance inventory costs and remain at par with the industry trend by meeting all customer need without affecting the income.

  • Cash flow

Every seasonal business suffers cash flow and also at times when customers slow down payment cash flow becomes a challenge. This will affect your inventory, personnel, and utility, rental or mortgage costs. A business loan will help you in managing the regular costs but manage even at the downtime.

  • Components and products 

Companies often have to buy, service or replace various types of devices. The products and components are expensive but essential for companies to maximize efficiency and productivity. Accidental expenses, such as repairing or replacing defective parts, can affect your budget. You can use the business loan for continuing the business as quickly as possible to an optimal level.


Why are we your preferred partner?

  • We care for you: Our business loan will meet your needs. We don’t impose tedious formalities but follow all legal ones.
  • We offer the best interest rates: Our interest rates for commercial loan are attractive that are reasonable and competitive. We will let you decide based on your convenience to repay.
  • We are flexible: We allow you to select the amount, duration of loan and duration of the EMI.
  • We don’t stress you with guarantees: Stay assured as we do not ask for a guarantee. No collateral and hence no stress.
  • We go green: We only need mandatory information and no paperwork. All can be done online.
  • We provide custom-made loan: We are aware that each one of you has a different need and hence we discuss individually to decide on all rates.

Our features in a nutshell: We offer loan in 100 Indian cities and process loan in 48 hours. Also, you can plan for a business with our maximum loan amount of 1 crore.


Basic Eligibility Criteria

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

Documents Required & Basic Eligibility for Grocery 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.

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.