Indifi Unsecured Business Loan

Features Indifi Unsecured Business Loan

Indifi is a leading online lending platform that has its own credit rated and RBI-registered NBFC and other lenders on its platform, offering unsecured business loans to MSMEs.We have disbursed 50,000+ MSME & business loans upto ₹100 lacs across 400+ cities across various industriesWhy take Indifi Unsecured Business Loan?•Apply from anywhere: 100% Online process •Easy process-dedicated relationship manager•Attractive lending rates: APR ranging from 18% - 55.3%•Flexible business loan tenure: from 3 to 36 months•Fast disbursals•Flexible repayment terms•Minimal documentation•No hidden charges•Customised loans: For retailers, traders, restaurants, online sellers & more•One Application, Multiple offers: Get offers from multiple lendersWhat do we offer for MSMEs?Term Loan for MSMEs: Get a fixed amount for a fixed tenure at low interestsMerchant Advance (Loan against POS machines): Suitable for businesses that process a lot of card swipes including Retailers, online sellers and tradersInvoice Discounting: Small businesses or entrepreneurs can use their unpaid invoices to generate revenue for operating expendituresLine of credit: Suitable for regular cash flow.
Ideal for business requirements such as money to get cash discounts, offer credit to clients, pay vendors and meet seasonal needsInterest, tenures and other specifications:•Annual Percentage Rate (APR): Ranges from 18%-55.3%•Minimum Repayment Tenure: 3 months•Maximum Repayment Tenure: 36 months•Processing fee: Upto 3% of the loan amountAn Example of a Term loan:•Loan Sanction Amount: ₹100,000/- at an interest rate of 30% p.a•Loan Tenure: 12 Months•Processing Fees (Including GST @18%): ₹3,540•Disbursement Amount: ₹100,000 (Loan Amount) - ₹3,540 (Processing Fees) = ₹96,460•Total Interest Payable: ₹16,984.55•Total repayable Amount (Loan Amount + Interest): ₹1,16,984.55•Monthly Instalment Amount (Loan Amount + Interest / No of EMI’s): ₹9,748.71•Total Cost of the Loan: Interest Amount + Processing Fees = Rs.
16,984.55 + Rs.
3,540 = Rs.
20,524.55•Annualised Percent Rate (APR): 37.20%A loan can be called differently by different businesses.
At Indifi, all business-related funds can be availed:1.
Business Loans2.
MSME Loans3.
Working Capital LoansWho might be eligible for a business loan?1.
Businesses with >12 months operations2.
Promoter age > 22 years old3.
Businesses with turnover > INR 5 lakhs4.
Business with GST registrationWe offer flexible online loans through business loan app to some industries:Loans for E-commerce sellers: Unsecured e-commerce loans help stock inventory and launch new productsLoans for Restaurants & Delivery Outlets: Loans cover opening a new store, renovating the kitchen, and building working capitalLoans for Retailers: Loans for stocking inventory, seasonal demand or offering credit to customersLoans for Pharma Businesses: Unsecured loans help manage payments, credit from suppliers and other needs Loans for Traders: Quick loans to manage credit & working capital cycles, procure inventory & sell furtherOur Lending Partners:Aditya Birla Finance LimitedIncred Financial Services Pvt LtdNorthernArc Capital LimitedAmbit Finvest pvt.
Ltd.UGRO CAPITAL LIMITEDIIFL Finance LimitedDMI Finance Pvt.
Ltd.Indifi Capital Private LimitedBajaj Finserv Direct Limited Additional App Features:•One view to see all loan details and download statement•Simple payment options•Auto Loan top-up offers & request for additional loan•Raise support tickets for loan-related queriesFor more information:Visit www.indifi.comCall us at 011-408-44715 to speak to our loan expert (Mon to Sat excluding public holidays & 4th Sat of every month),Write to us at [email protected]