MSME BUSINESS LOAN

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MSME Loan to Meet Your Business Finance Requirements

During this COVID 19 crisis period, businessmen realize the necessity to go digital. After losing their jobs during this tough time, many people are looking to start a business too. Investment is the key, whether you are looking forward to starting a new one or expanding your existing business or planning to enter the digital world. A business loan can help you to get the required money. You can apply for an MSME loan, which is specially designed for small to medium enterprises.


What are the MSME loans?

The loans which are designed keeping in mind the criteria of a small or medium enterprise so that this can meet financial needs for different sectors of the business is what we call MSME loan. FlexiLoans is a renowned online platform that has been working on resolving the money matter through their various business loan schemes.

SME plays a vital role in the Indian economy as this is the sector where there is incredible employment opportunity, especially in rural areas. Thus, it is often called the sunshine sector. That is why the popularity of the SME loan is growing with every passing day.


How to apply for an MSME loan online?

FlexiLoans offer you lucrative schemes that are specially crafted to meet your financial needs for different purposes. It is quick and straightforward. You need to go to our website, fill in the application form online, upload the relevant documents.

Next, we will process your application that includes document verification, reviewing the application, and other relevant formalities. Once your application gets approved, you will be contacted. Since everything is done via the internet, the entire process is superfast. No wastage of time and energy for sending and receiving documents, everything will be done through the keyboard and mouse of your computer system. You can even apply via our mobile application.


Benefits of MSME loans

MSME loans are perfect for the small enterprise as it has several advantages. Since it is a rapid process, on fulfilling the loan criteria, the loan amount will be credited to your account within a few days of applying. 

Thus you can execute your business plans fast. Utilizing our collateral-free unsecured MSME loans, the business owners can fulfill their financial needs efficiently and within a specific time frame.

The loans are sanctioned for different requirements. You can apply for a loan for expansion, buy machinery and equipment, arrange operational expenses, and meet other short-term/long-term goals.

The loan boosts up the business to run it better and increases profitability. This, in turn, helps the owner to have a positive impact and create credibility in the market.


Online MSME loan Eligibility

To become eligible for the MSME loan, you need to qualify for the criteria mentioned by FlexiLoans. Apart from that, you need to have a particular business turnover in the previous year.

You need to show the income tax return statement that reflects the financial status of your business. Also, you need to mention from where you operate the business. Do you own a business premise or run from a rented premise?


Necessary loan documents

To get your loan approved, you should produce some documents which include a PAN card, bank statement, documents supporting your residential and business address, and the tax return statement.


Basic Eligibility Criteria

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

EMI facts

The monthly installment that you have to pay to the borrowing institution depends on the amount you need, the duration for the repayment, and the interest rate. You can use the MSME loan EMI calculator to know the amount you have to pay per month.


Documents Required for MSME 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

How do I apply for an MSME loan online?

To apply for an MSME business loan click on the link here. Fill the loan application and upload the documents online our team will then contact you regarding the loan.

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 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.

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.

Who can get a business loan?

At FlexiLoans to those businesses whose business has been running for at least 1 year and has monthly total sales of at least ₹2,00,000

Can I apply for an MSME loan for a supermarket?

Yes, you can apply.

How can I check my loan details and EMI due date?

Send an email on connect2@flexiloans.com to get the details of your loan.

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

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.

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

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.

At FlexiLoans to those businesses whose business has been running for at least 1 year and has monthly total sales of at least ₹2,00,000

Send an email on connect2@flexiloans.com to get the details of your loan.