|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|
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.
Below-mentioned are the features of business loan by Indifi:
Below-provided are reasons as to why apply for Indifi business loan:
Below-mentioned is a list of documents for the loan application:
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.
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.
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.
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.
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.
Here are the FAQs about business loans by Indifi:
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