Everyone

Flexiloans.com

Android11

FlexiLoans is a digital lending platform designed to provide business loans to micro, small, and medium enterprises (MSMEs). This app offers a fast and convenient way for business owners to access the funds they need to grow and manage their operations. FlexiLoans is available for the Android platform, allowing users to download the app and apply for loans from anywhere with an internet connection.

The application process is entirely online, which makes it easy for users to navigate without the need for physical documentation. To apply, users simply need to enter their PAN Card number, upload a digital photocopy of their Aadhaar Card, and take a selfie. This streamlined application process is supported by a dedicated relationship manager who assists applicants throughout their journey.

FlexiLoans offers attractive lending rates with an annual percentage rate (APR) starting at 12%. The loan tenure is flexible, ranging from 12 to 36 months, providing businesses with options that suit their financial situations. The repayment terms are also adaptable, allowing borrowers to choose from various convenient payment methods such as UPI, debit card, net banking, and bank transfers.

The platform is designed to cater to a wide range of businesses, including retailers, traders, restaurants, and online sellers. FlexiLoans understands the diverse financial needs of these enterprises and offers customized loan solutions to meet their specific requirements. This includes options for term loans, merchant cash advances, invoice discounting, and lines of credit.

Businesses looking to secure funding through FlexiLoans must meet certain eligibility criteria. These include operating for more than 12 months, a promoter age of over 21 years, an annual turnover exceeding INR 4 lakhs, and GST registration. By focusing on these aspects, FlexiLoans ensures that it supports businesses that are well-established and capable of managing additional financial obligations.

One of the key advantages of using FlexiLoans is the absence of collateral requirements. This means that borrowers can access funds without risking their assets, making it an appealing option for many small business owners. The loans provided are unsecured, which can alleviate some of the stress associated with traditional lending methods.

FlexiLoans is registered with the Reserve Bank of India (RBI) as a non-banking financial company (NBFC), adding a layer of credibility and security for potential borrowers. The platform has been designed with a focus on fast verification and speedy credit disbursement, ensuring that businesses receive the funds they need promptly. This swift process is particularly beneficial for businesses that require immediate cash flow to address operational needs or take advantage of growth opportunities.

Documentation requirements are minimal, which simplifies the application process further. The digital approach eliminates the need for extensive paperwork, allowing business owners to focus on what matters most: running their operations. The app also boasts no hidden charges, ensuring that borrowers are fully aware of their obligations before proceeding with their loan agreements.

FlexiLoans provides a variety of financial solutions tailored to different business needs. For instance, the invoice discounting option allows entrepreneurs to generate revenue from unpaid invoices, helping to manage cash flow effectively. The merchant cash advance is particularly useful for businesses that handle a significant volume of card transactions, offering a quick way to access funds based on future sales.

Additionally, the line of credit option is designed for businesses that require regular cash flow to cover expenses such as purchasing inventory or paying suppliers. This flexibility can be crucial for maintaining operations, especially during peak seasons.

FlexiLoans also supports businesses through other financial products, including inventory financing, franchise finance, corporate loans, and short-term loans. Each of these options is structured to address specific financial scenarios that businesses may encounter, further enhancing the overall value of the platform.

With its commitment to supporting MSMEs, FlexiLoans aims to bridge the financing gap that many small businesses face when seeking traditional loans. By providing quick and hassle-free access to funds, the app facilitates the growth and success of businesses across various sectors.

For more information about FlexiLoans and to explore the available loan options, interested users can visit their website or contact customer support for assistance.

FlexiLoans: Business Loans

Latest Version of FlexiLoans: Business Loans

Other versions