Easy to Check Indifi Business Loan offers 2021

Check Indifi Business Loan offers 2021 | Are you searching for the best business loan app in India? Indifi Business Loan offers to Small and Medium Size Enterprises (SMEs) at an interest rate of 1% onwards. Indifi provides term loans to businesses in order to help them overcome financial difficulties or expand. It also provides business loans to small and medium-sized businesses that have limited access to traditional lenders such as banks. Indifi offers term loans to businesses that are unable to furnish collateral. 

 

Check Indifi Business Loan offers 2021 features  

For Check Indifi Business Loan offers 2021 you need to follow the features listed below:  

• Minimum documentation for a business loan of up to Rs. 50 lakh in less than 24 hours 
• With Indifi, you have a better chance of getting approved. 
• Specific loan packages are available to fulfill the needs of businesses. 
• There are no hidden fees. 
• The process that is transparent and hassle-free 
• The ability to choose the length of the loan and the time it takes to return it. 

Check Indifi Business Loan offers 2021 Interest Rates and other highlights  

Interest Rate	18% onwards
Loan Amount	Up to Rs. 50 lakh
Loan Tenure	Up to 36 months
Processing Fee	Up to 2% (One-time)
Min. operational history	Min. 2 years
ITR	2 years ITR for more than Rs. 10 lakh
VAT	VAT returns for the last 12 months

Check Indifi Business Loan offers 2021:- Types of business loans offered by Indifi Application  

Indifi’s four fundamental forms of business loans are as follows. As a result, what you can accept is appropriate for you and your company. 

Term Loan:  

A term loan is a sum of money that can be borrowed from any financial institution to meet a business’s demands; Indifi’s interest rate is variable. 

Eligibility criteria of Term Loan  

Here is the eligibility check of term loan for availing business loan:  

• Your company must have been in operation for at least two years. 
• If your business has a turnover of more than lac 10 lakhs, you must file a two-year income tax return (ITR). 
• VAT returns for the previous 12 months are required. 
• The term loan is available for up to 36 months. 

Line of Credit  

A line of credit is a set amount of money that can be used to help with cash flow problems. This function is ideal for people who have a lot of cash flow. 

Eligibility Criteria of Line of Credit  

These are the mentioned eligibility criteria of the line of credit:  

• The loan will be approved quickly and can be utilized for up to 12 months. 
• You only have to pay the amount for what you use. 
• The applicant’s age should have a minimum of 24 years for availing of the loan. 
• The company’s operations will have a two-year history. 
• The VAT for the previous 12 months should be provided. 

Invoicing Discounting  

The method of invoice discounting allows you to borrow money from any financial institution. This could be dependent on the invoice you’ve sent. 

Eligibility criteria of Invoicing Discount  

For availing this type of business loan, one should have these eligibility checks mentioned below:  

• You can receive an invoice discounting line of credit of up to 1 crore rupees. 
• Up to 90% of the invoice value can be paid in advance. 
• It offers an easy repayment mechanism. 
• One can get cash directly into their account. 

Merchant Cash Advance  

This merchant cash is appropriate for people who conduct business with a credit card swipe. This money can be used for a variety of things, including opening new stores, expanding your business, and purchasing new inventory. 

Eligibility Criteria of Merchant Cash Advance  

Following are the eligibility check of Merchant Cash Advance and guide you for availing of the business loan offered by Indifi:  

• Daily deductions provide a flexible repayment option. 
• With a merchant cash advance, the term might be up to 12 months. 
• You should have at least 6 months of card trading experience. 
• A minimum monthly business transaction of Rs. 50,000 is required. 
• Applicants must have age criteria for a minimum of 24 years at the time of loan approval. 

• If the applicant has a business turnover of more than Rs. 10 lakhs, you must give the most recent two years’ ITR. 

Check Indifi Business Loan offers 2021:- Documents required 

If you are eligible for Indifi Business Loan, you need to submit these documents for any type of Indifi business loan which are as follows:  

• Filling out the application form completely and attaching passport-size photos 
• KYC papers of the applicant (Passport, Aadhar card, Voter’s ID card, Driving License, Utility Bills) Self-drafted Business Plan 
• Proofs of business address, vintage, establishment, and registration 
• Submit bank statement for last six months 
• Indifi requires any more documentation. 

Conclusion of Check Indifi Business Loan offers 2021

Check Indifi Business Loan offers 2021 is the best instant business loan app 2021 provides loans at a low-interest rate to individuals. Including this, the Indifi Business Loan app also offered different types of loans with maximum repayment tenure of 36 months. The different types of Indifi Business Loan are Term Loan, Merchant Cash Advance, Invoicing Discounting, and Line of Credit. You can also get these benefits through Afinoz.com and simply avail yourself of the business loan.  

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