FAQ
What are the purposes for which I can get a loan via FlexiLoans?
FlexiLoans is here to provide you financial access for your business funding needs. You have to undergo simple and transparent Credit Evaluation, basic documentation before we disburse the loan. You may get loans via FlexiLoans for:
- Expanding your business
- Servicing regular working capital needs
- Managing seasonal working capital requirements
- Manage short term cash flow gaps
Why should I avail loan via FlexiLoans?
Quick credit assessment ensures fast disbursal of loan at best rates and flexible terms, thus providing financial access at a click! Our business loan is to help you grow your business.
What documents are required to apply for a loan?
What documents are required to apply for a loan?KYC document- Pan cardProof of residential address (any one)- Rent Agreement- Driving License- Voter's ID- Ration Card- PassportBanking- Last 6 months of bank statement of current accountBusiness KYC (any one)- GST Registration Certificate- Shop Establishment CertificateFinancial documents (For loans greater than 20 Lakhs)- 2 years Audited financials- Last 2yrs ITR- GST Returns of 6 months
Are there any charges other than interest rate that I have to pay to avail the loan?
We may charge processing fee to facilitate the loan towards legal and documentation charges. You may be charged penal charges for late or irregular payment behavior.
When and how will my loan get approved?
You need to fill loan application form on our website and provide required documents, post which we will evaluate your documents and creditworthiness and approve your loan. The loan is usually sanctioned within 2 working days after getting your duly filled application form and documents.
How can I send the documents?
Documents can be uploaded on our website while completing the application, or you can also send the documents to us via email on connect@flexiloans.com
What is the tenure and ticket size of the loan?
We facilitate loans starting from ₹50,000 up to ₹1 Crore, the tenure of loans on our platform vary from 6 months to 12 months
What is the duration and mode of loan repayment?
The repayment terms are very flexible and can vary from weekly to monthly payments. We collect PDCs, ECS form/NACH mandate via which your account will be automatically debited on due date
What is the interest rate that FlexiLoans offers?
FlexiLoans provides loans, with interest rates starting from 1% per month depending on applicant's profile.
How is the loan amount transferred to you in FlexiLoans?
The amount will be transferred directly to your bank account through online mode.
How to talk to our customer relationship manager at FlexiLoans?
You can complete the application, and we promise that we will call you back within 24 hours.
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