SELF EMPLOYED BUSINESS LOAN

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Self Employed Business loan

A business loan for self-employed comes as one of the ideal financial tools for serving the labour capital and short-term financial requirements of the self-employed individuals and even the entrepreneurs and MSMEs. A Self-employed business loan availed from FlexiLoans is customised loans that support businesses in understanding the different opportunities that keep coming their way. Such loans have proved to be very beneficial for self-employed individuals in this competitive fiscal market.

FlexiLoans is into offering unsecured MSME business loan in the form of a term loan or line of credit loan to the self-employed individuals at user-friendly and easy terms and conditions. Our business loans online are free of collateral and are disbursed with just two days of being approved. As an NBFC dealing in the procurement of different varieties of business loans like vendor financing and merchant cash advance, we are completely dedicated to making the experience of our clients pleasant and satisfactory. We do not leave a single stone unturned in ensuring that our borrowers or clients are happy in availing loan amounts from us.


Avail Easy and Quick Self-Employed Business Loans at FlexiLoans

We are into offering quick and easy self-employed business loans to sole proprietors and the ones who are in the lookout of accessing cash without going through any trouble. Our self-employed loans come as one of the perfect options for individuals who are working all alone and have finances to depend on.

Most of the time, it gets tough for the sole proprietors to make things work for them in business. This generally happens because they fall short of the cash required for business expansion or any other activity. Such problems can readily be solved by availing self-employed loans from FlexiLoans. Our business loan approval procedure is an easy one for the borrowers. They do not have to wait for a very long time to receive the required cash. Also, the loan repayment schedule is an easy one giving them the time needed to pay off the loan amount without going through any hassle.


Basic Eligibility Criteria

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

Features of Self-Employed Business Loans from FlexiLoans

Our self-employed business loans are EMI-based loans with a one-time processing fee. Our loans come with flexible repayment tenure. And the rate of interest is fixed according to the eligibility of the borrower. There is no collateral needed for applying for such loans, and these loans are available for meeting the expenses of both online and offline businesses.


Documents Required for Self Employed 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.

How is interest rate calculated on a business loan?

  • Business Loan interest rate is calculated basis- E = P * r * (1+r)^n / ((1+r)^n-1).
  • Here, P signifies principal loan amount, r signifies the interest rate, n stands for tenor in months and E signifies the EMI amount.
  • You can use the FlexiLoans EMI Calculator to check the interest payable, EMI amount and more.

What security do I need to provide to avail a Business loan?

FlexiLoans provides only collateral free business loans. So, you do not need collateral for applying for a business loan.

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.