Indifi Business Loan

Indifi Business Loan star star star star star 4.0 / 5.04 users
Features Details
Loan Amount Rs. 50,000 to Rs. 1 crore
Interest Rate As low as 1.5% per month
Tenure Up to 36 months
Processing Fee Up to 2% of the loan amount
Repayment Structure Daily payments or monthly instalments
Collateral Not required

Indifi business loan is for service providers, traders, retailers, women entrepreneurs, manufacturers from SMEs, and MSMEs. Indifi is an NBFC that offers instant funds within 24 hours. The application process is online and simple, with minimal documentation. The lending institution has different financing options such as a term loan, overdraft facility, invoice discounting, and merchant cash advance based on POS machines. You do not need collateral to avail Indifi business loan as all the loans are unsecured in nature. The NBFC determines the eligibility of the borrower based on his/her creditworthiness, financials of the business, and other factors

At loanbaba.com you can apply for Indifi business loan online and get all the details of their loan schemes and products.

Features and Benefits of Indifi Business Loans

Below-mentioned are the features of business loan by Indifi:

  • Lending decision as quick as within 24 hours from loan approval
  • Quick online application facility available
  • You can borrow between Rs. 50,000 and Rs. 1 crore
  • Indifi business loan interest rate starts at 1.5% per month
  • The processing fee is only 2% of the loan amount
  • Tenure is up to 36 months

Why Choose Indifi Business Loan?

Below-provided are reasons as to why apply for Indifi business loan:

  • Indifi believes in a transparent loan procedure
  • There are no hidden charges
  • It offers specific loan products for specific needs and businesses
  • Funds are available within 24 hours and 72 hours

Documents Required for Indifi Business Loan

Below-mentioned is a list of documents for the loan application:

  • PAN Card and Aadhaar Card of the promoter
  • Bank statement for the last 6 months
  • Business Registration Proof
  • KYC documents of the company and the applicant

Types of Indifi Business Loans

Below-given is a list of business loans by Indifi:

  • 1. Term Loan

    This type of loan is meant to fulfil capital needs. The funds are disbursed in lump sum. As companies require funds time and again for business expansion, upgrade/purchase of technology/equipment, buy raw material, improve stocks, marketing campaigns to attract customers, etc, an unsecured and short-term loan from Indifi, surely helps.

    A term loan is helpful especially for small businesses that often find it difficult to obtain traditional loans from banks. Small businesses are required to submit collateral to get a traditional bank loan. However, Indifi provides an easier way to secured finance, with a collateral-free loan. This NBFC offers companies an access to funds within no time.

    Eligibility Criteria

    Indifi business loan is available for businesses like hotels, travel agents, e-commerce, retail shops, restaurants, and small businesses that supply services and goods to larger corporations.

    • Business operation history at least of 2 years
    • VAT/GST returns of the last 1 year
    • ITR of 2 years is necessary for a loan amount above Rs. 10-15 lakhs
  • 2. Line of Credit

    Overdraft facility of Line of credit helps with a regular cash flow. Companies need funds to avail cash discounts by upfront payments or on time, pay the vendors, extend credit to customers, meet seasonal demands, etc. With an unsecured Line of credit, companies can meet all these requirements. You can get up to Rs. 50 lakhs up to 12 months tenure. The funds can be disbursed in as less as 24 hours. You need to pay interest on only the amount you use.

    Eligibility Criteria

    • This loan is available for SMEs/MSMEs and companies
    • Minimum 2 years of business operation is necessary
    • VAT/GST returns for the last 12 months
    • Promoter’s age must be above 23 years
    • 2 years ITR is necessary if the loan amount is over Rs. 10-15 lakhs
  • 3. Invoice Discounting

    Indifi provides funds based on payment amount cited in unpaid invoice. Some of the features of this type of loan are – availability of instant cash, no collateral, and repayment when the client pays. After you raise an invoice to your client, you need to share it with Indifi. The NBFC can instantly finance up to 90% of the invoice’s value. Then you need to repay after the client clears the payment.

    • There is no prepayment penalty. Here, you can get funds up to Rs. 1 crore.
    • Thus, you do not have to wait for funds until the client does the payment
    • Indifi’s bill discounting facility enables you to get immediate liquidity on unprocessed invoices.
  • 4. Merchant Advance Loan against POS Machines

    This type of loan is ideal for companies that perform transactions through card swipes. The repayment is based on daily deductions from transactions of the POS machine. You can get up to Rs. 50 lakhs under this unsecured cash advance loan facility. Tenure of the loan is up to 12 months. The funds can be used for business expansion, react out to more customers, get inventory, or any other business need.

    Eligibility Criteria

    • Minimum monthly transaction of Rs. 50,000
    • Mining card swipe history of 6 months
    • 2 years ITR for loan amount over Rs. 10 lakhs
    • Age of the promoter must be over 23 years
    • Business in operation for at least 2 years

Frequently Asked Questions about Indifi Business Loans

Here are the FAQs about business loans by Indifi:

  • 1. Why small businesses choose Indifi for loans?
    For small businesses it is difficult to avail a traditional bank loan. This is because traditional banks have a strict eligibility check, wherein they consider a lot more than the creditworthiness and financials of the borrower and his/her business. However, Indifi makes the borrowing journey simpler with lenient eligibility criteria compared to that of the traditional banks. It also has an online application process, which makes it possible for the NBFC to process the loan quickly, and disburse the funds within a maximum of 72 hours.
  • 2. What is the limit of the loan amount?
    You can borrow between Rs. 50,000 and Rs. 50 lakhs. Under invoice discounting, you can borrow up to Rs. 1 crore.
  • 3. Who can apply for business loan Indifi?
    Entrepreneurs can apply for a business loan with Indifi. Even women entrepreneurs can apply for funds with this NBFC. The borrower can also avail a loan against POS machine.
  • 4. What are the rates and charges?
    The Indifi business loan interest rate is as low as 1.5% per month. There are no prepayment penalties in a few cases. A processing fee of up to 2% is applicable on the borrowed amount.
  • 5. Is there a need of collateral?
    There is no need of collateral to avail the funds. All the loans at Indifi are unsecured and do not pose any risk to your personal or business assets. There are easy and flexible terms/repayment models that help you manage the instalments on time.
  • 6. What are the criteria for the loan?
    To be eligible for business loan, you should be over 23 years of age. Your business vintage must be at least 2 years. The business should have a proven financial track record. You should also have a decent credit score. If you need a loan of more than Rs. 10 to 15 lakhs, then ITR of the recent 2 years is required with the loan application.
  • 7. What is the purpose of the loan?
    The funds can be used for business purposes only. The purpose could be purchase of equipment, provide salary to employees, working capital, pay advance, etc. Indifi offers loan to travel agents, retailers, traders, manufacturers and suppliers to large corporates.
  • 8. How Does Indifi evaluate your loan eligibility?
    The NBFC takes into consider your creditworthiness by checking the personal and company credit score. It also takes into account the business’s current and past transactions. It will review the financial statements of the organization before taking the lending decision.
  • 9. What are the benefits of applying with this NBFC?
    You can apply for the loan online anytime of the day. The lending decision is taken in as less as 24 hours. You can get the funds within 48 hours to 72 hours. There are specific loans for specific business purposes. You can expect quick and efficient customer service.
  • 10. When do you have to submit ITR of the last 2 years?
    You need to submit 2 years of Income Tax Return if the loan amount is over Rs. 10 lakhs. In some cases, you have to submit the ITR proof, if the loan amount is over Rs. 15 lakhs.
Features Details
Loan Amount Rs. 50,000 to Rs. 1 crore
Interest Rate As low as 1.5% per month
Tenure Up to 36 months
Processing Fee Up to 2% of the loan amount
Repayment Structure Daily payments or monthly instalments
Collateral Not required

Indifi business loan is for service providers, traders, retailers, women entrepreneurs, manufacturers from SMEs, and MSMEs. Indifi is an NBFC that offers instant funds within 24 hours. The application process is online and simple, with minimal documentation. The lending institution has different financing options such as a term loan, overdraft facility, invoice discounting, and merchant cash advance based on POS machines. You do not need collateral to avail Indifi business loan as all the loans are unsecured in nature. The NBFC determines the eligibility of the borrower based on his/her creditworthiness, financials of the business, and other factors

At loanbaba.com you can apply for Indifi business loan online and get all the details of their loan schemes and products.

Features and Benefits of Indifi Business Loans

Below-mentioned are the features of business loan by Indifi:

  • Lending decision as quick as within 24 hours from loan approval
  • Quick online application facility available
  • You can borrow between Rs. 50,000 and Rs. 1 crore
  • Indifi business loan interest rate starts at 1.5% per month
  • The processing fee is only 2% of the loan amount
  • Tenure is up to 36 months

Why Choose Indifi Business Loan?

Below-provided are reasons as to why apply for Indifi business loan:

  • Indifi believes in a transparent loan procedure
  • There are no hidden charges
  • It offers specific loan products for specific needs and businesses
  • Funds are available within 24 hours and 72 hours

Documents Required for Indifi Business Loan

Below-mentioned is a list of documents for the loan application:

  • PAN Card and Aadhaar Card of the promoter
  • Bank statement for the last 6 months
  • Business Registration Proof
  • KYC documents of the company and the applicant

Types of Indifi Business Loans

Below-given is a list of business loans by Indifi:

  • 1. Term Loan

    This type of loan is meant to fulfil capital needs. The funds are disbursed in lump sum. As companies require funds time and again for business expansion, upgrade/purchase of technology/equipment, buy raw material, improve stocks, marketing campaigns to attract customers, etc, an unsecured and short-term loan from Indifi, surely helps.

    A term loan is helpful especially for small businesses that often find it difficult to obtain traditional loans from banks. Small businesses are required to submit collateral to get a traditional bank loan. However, Indifi provides an easier way to secured finance, with a collateral-free loan. This NBFC offers companies an access to funds within no time.

    Eligibility Criteria

    Indifi business loan is available for businesses like hotels, travel agents, e-commerce, retail shops, restaurants, and small businesses that supply services and goods to larger corporations.

    • Business operation history at least of 2 years
    • VAT/GST returns of the last 1 year
    • ITR of 2 years is necessary for a loan amount above Rs. 10-15 lakhs
  • 2. Line of Credit

    Overdraft facility of Line of credit helps with a regular cash flow. Companies need funds to avail cash discounts by upfront payments or on time, pay the vendors, extend credit to customers, meet seasonal demands, etc. With an unsecured Line of credit, companies can meet all these requirements. You can get up to Rs. 50 lakhs up to 12 months tenure. The funds can be disbursed in as less as 24 hours. You need to pay interest on only the amount you use.

    Eligibility Criteria

    • This loan is available for SMEs/MSMEs and companies
    • Minimum 2 years of business operation is necessary
    • VAT/GST returns for the last 12 months
    • Promoter’s age must be above 23 years
    • 2 years ITR is necessary if the loan amount is over Rs. 10-15 lakhs
  • 3. Invoice Discounting

    Indifi provides funds based on payment amount cited in unpaid invoice. Some of the features of this type of loan are – availability of instant cash, no collateral, and repayment when the client pays. After you raise an invoice to your client, you need to share it with Indifi. The NBFC can instantly finance up to 90% of the invoice’s value. Then you need to repay after the client clears the payment.

    • There is no prepayment penalty. Here, you can get funds up to Rs. 1 crore.
    • Thus, you do not have to wait for funds until the client does the payment
    • Indifi’s bill discounting facility enables you to get immediate liquidity on unprocessed invoices.
  • 4. Merchant Advance Loan against POS Machines

    This type of loan is ideal for companies that perform transactions through card swipes. The repayment is based on daily deductions from transactions of the POS machine. You can get up to Rs. 50 lakhs under this unsecured cash advance loan facility. Tenure of the loan is up to 12 months. The funds can be used for business expansion, react out to more customers, get inventory, or any other business need.

    Eligibility Criteria

    • Minimum monthly transaction of Rs. 50,000
    • Mining card swipe history of 6 months
    • 2 years ITR for loan amount over Rs. 10 lakhs
    • Age of the promoter must be over 23 years
    • Business in operation for at least 2 years

Frequently Asked Questions about Indifi Business Loans

Here are the FAQs about business loans by Indifi:

  • 1. Why small businesses choose Indifi for loans?
    For small businesses it is difficult to avail a traditional bank loan. This is because traditional banks have a strict eligibility check, wherein they consider a lot more than the creditworthiness and financials of the borrower and his/her business. However, Indifi makes the borrowing journey simpler with lenient eligibility criteria compared to that of the traditional banks. It also has an online application process, which makes it possible for the NBFC to process the loan quickly, and disburse the funds within a maximum of 72 hours.
  • 2. What is the limit of the loan amount?
    You can borrow between Rs. 50,000 and Rs. 50 lakhs. Under invoice discounting, you can borrow up to Rs. 1 crore.
  • 3. Who can apply for business loan Indifi?
    Entrepreneurs can apply for a business loan with Indifi. Even women entrepreneurs can apply for funds with this NBFC. The borrower can also avail a loan against POS machine.
  • 4. What are the rates and charges?
    The Indifi business loan interest rate is as low as 1.5% per month. There are no prepayment penalties in a few cases. A processing fee of up to 2% is applicable on the borrowed amount.
  • 5. Is there a need of collateral?
    There is no need of collateral to avail the funds. All the loans at Indifi are unsecured and do not pose any risk to your personal or business assets. There are easy and flexible terms/repayment models that help you manage the instalments on time.
  • 6. What are the criteria for the loan?
    To be eligible for business loan, you should be over 23 years of age. Your business vintage must be at least 2 years. The business should have a proven financial track record. You should also have a decent credit score. If you need a loan of more than Rs. 10 to 15 lakhs, then ITR of the recent 2 years is required with the loan application.
  • 7. What is the purpose of the loan?
    The funds can be used for business purposes only. The purpose could be purchase of equipment, provide salary to employees, working capital, pay advance, etc. Indifi offers loan to travel agents, retailers, traders, manufacturers and suppliers to large corporates.
  • 8. How Does Indifi evaluate your loan eligibility?
    The NBFC takes into consider your creditworthiness by checking the personal and company credit score. It also takes into account the business’s current and past transactions. It will review the financial statements of the organization before taking the lending decision.
  • 9. What are the benefits of applying with this NBFC?
    You can apply for the loan online anytime of the day. The lending decision is taken in as less as 24 hours. You can get the funds within 48 hours to 72 hours. There are specific loans for specific business purposes. You can expect quick and efficient customer service.
  • 10. When do you have to submit ITR of the last 2 years?
    You need to submit 2 years of Income Tax Return if the loan amount is over Rs. 10 lakhs. In some cases, you have to submit the ITR proof, if the loan amount is over Rs. 15 lakhs.

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