| Interest Rate | 20% |
| Duration | From 30 days |
| Access Level | Public |
| Company Name | FlexiLoans |
| Phone 1 | |
| Phone 2 | 02268219595 |
| Website or Store | myaccount@flexiloans.com |
| Address | 7th Floor, One World Center, South Annexe, Tower-2, 841, |
| Category | Safe Loan |
| Company Email | |
| Views | 232 |
FlexiLoans, a Reserve Bank of India (RBI) registered Non-Banking Financial Company (NBFC), is dedicated to supporting micro, small, and medium enterprises (MSMEs) by providing tailored business loans. With a commitment to simplifying access to finance, FlexiLoans offers a variety of flexible financial solutions to help MSMEs overcome the challenges often associated with traditional bank loans, such as strict eligibility criteria and lengthy approval processes. The quick and convenient funding options enable businesses to manage working capital, finance expansions, purchase inventory, acquire equipment, and much more.
Meeting the Unique Financial Needs of MSMEs
Small business owners frequently encounter obstacles in obtaining funding from traditional banking channels. FlexiLoans aims to bridge this gap by offering accessible financing tailored to the distinct needs of MSMEs. By understanding the needs of MSMEs, FlexiLoans strives to contribute to their growth, sustainability, and long-term success.
Financial Products Offered by FlexiLoans
1. Term Loan for MSMEs
- Overview: A fixed amount loan offered for a specified tenure at competitive interest rates.
- Ideal For: Businesses looking to fund fixed-term projects, expansion, or significant one-time expenses.
2. Merchant Advance (Loan Against POS Machines)
- Overview: A loan for businesses that process high volumes of card transactions, offering advances based on the sales processed through POS (Point of Sale) machines.
- Ideal For: Retailers, online sellers, and traders handling substantial card payments.
3. Invoice Discounting
- Overview: Allows businesses to leverage their unpaid invoices to generate immediate revenue for operational costs.
- Ideal For: Companies with high receivables looking to improve cash flow without waiting for customer payments.
4. Line of Credit
- Overview: A flexible financing option that provides access to funds as needed, ideal for regular business expenses.
- Ideal For: Businesses with seasonal needs, cash flow management, vendor payments, and those seeking cash discounts.
Additional Business Loan Solutions
In addition to these core offerings, FlexiLoans provides various financial solutions to support MSMEs in all aspects of business:
- Invoice Discounting Loan
- Supply Chain Finance
- Line of Credit Loans
- Term Loan
- Merchant Cash Advance
- Inventory Financing
- Franchise Finance
- Corporate Loans
- Letter of Credit
- Short-Term Loans
- Commercial Loans for Small Businesses
Benefits of Choosing FlexiLoans for Unsecured Business Loans
FlexiLoans offers several advantages, including a hassle-free online application process, minimal documentation requirements, and rapid approval. Here’s why MSMEs prefer FlexiLoans:
- Fully Online Application: Apply from any location with a 100% online process.
- Dedicated Relationship Managers: Personalized support to guide you through the loan process.
- Attractive Interest Rates: Annual Percentage Rate (APR) starting at 12% per annum.
- Flexible Loan Tenure: Choose a repayment period between 12 and 36 months.
- Quick Disbursal: Fast access to funds for business needs.
- Customizable Repayment Terms: Tailor repayment schedules based on your cash flow.
- No Hidden Fees: Transparent charges with no surprises.
- Customized Loan Options: Tailored solutions for retailers, traders, restaurants, online sellers, and more.
Eligibility Criteria for FlexiLoans Business Loans
To apply for a FlexiLoans business loan, your business should meet the following criteria:
- Operational History: Minimum of 12 months in business.
- Promoter’s Age: The business owner should be at least 21 years old.
- Annual Turnover: Minimum turnover requirement of INR 4 lakhs.
- GST Registration: The business must have a valid GST registration.
Simple Digital Documentation Process
FlexiLoans app offers a 100% digital, paperless loan application process. Required documents include:
- PAN Card: Enter your PAN details.
- Aadhaar Card: Upload a digital copy of your Aadhaar.
- Selfie Verification: Take a quick selfie for identity confirmation.
No physical documentation is needed, ensuring a streamlined and user-friendly experience for accessing business loans.
Advantages of FlexiLoans’ Instant Small Business Loan
FlexiLoans prides itself on its quick, efficient, and transparent lending process:
- Instant Verification and Credit Disbursement: Fast loan approval and disbursement.
- Competitive Rates: Fair interest and processing fees with no hidden charges.
- Convenient Repayment Options: Repay using UPI, debit card, net banking, bank transfer, and more.
- Unsecured Loan Options: No collateral or credit card required.
- 100% Digital Approval: Enjoy an entirely online experience backed by an RBI-registered NBFC.
Important Notice
FlexiLoans does not charge any processing fees prior to loan disbursement. Any claims to the contrary are fraudulent. For concerns or to report suspicious activity, please contact FlexiLoans at 02268219595 or email us at myaccount@flexiloans.com.
For more information, visit FlexiLoans Official Website or download the FlexiLoans app.
Contact Information
- Customer Support Number: 02268219595
- Email: myaccount@flexiloans.com
- Office Address: 7th Floor, One World Center, South Annexe, Tower-2, 841, Senapati Bapat Marg, Saidham Nagar, Parel, Mumbai, Maharashtra 400013
With a range of loan products tailored to meet the unique needs of MSMEs, FlexiLoans is committed to empowering India’s small businesses to thrive.
Expert Counsel
Loan apps might seem like an easy solution for quick cash, but they come with serious risks. Here are 10 essential tips to protect yourself when using online lending platforms:
- Brace for Aggressive Follow-ups if You're Late
Even a slight delay in repayment can trigger a barrage of messages, often on apps like WhatsApp. If these messages become overwhelming, consider blocking the sender to protect your peace of mind. - Resist Borrowing from Multiple Apps
Taking loans from different platforms to cover existing debts can lead to a deeper debt cycle. Avoid this approach to maintain financial control. - Beware of High Late Fees and Interest Rates
Missing payments can lead to daily interest charges that range from 5% to 7%, causing your debt to grow rapidly. Try to avoid missing deadlines to prevent accumulating excessive interest. - Only Download Apps from Official Stores
Stick to trusted sources like the Google Play Store when downloading loan apps. Unverified sites can compromise your privacy, exposing you to cyber risks. - Consider Safer Alternatives
Many loan apps are structured to trap users in cycles of debt, impacting financial stability and privacy. Seeking out more secure and traditional financial options can help avoid these pitfalls. - Watch for Short Repayment Periods
Some apps set repayment terms as short as 6 to 14 days, making it hard to repay on time and often leading to debt traps. Ensure you’re comfortable with the repayment schedule before borrowing. - Protect Your Privacy and Reputation
Loan apps sometimes contact family or friends to pressure borrowers, potentially harming your reputation. For some, this is reason enough to avoid these apps entirely. - Break the Borrowing Cycle
The best way to escape high-interest debt is to stop borrowing altogether. While it might be challenging initially, taking a break from these loans is essential for financial recovery. - Use Call-Blocking Apps Like Truecaller
Apps like Truecaller allow you to screen and block unwanted calls from lenders, helping to reduce stress from persistent calls and messages. - Report and Block Aggressive Contacts
If you receive abusive or threatening messages on platforms like WhatsApp, block the sender and report them to both WhatsApp and the app store to help protect others from similar harassment.
By following these guidelines, you can protect yourself from the risks of predatory loan apps and safeguard your financial well-being.
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