Finfree Enterprises follows the Indian Government’s policies while processing a loan application, or for other finance-related services. However, different banks & NBFCs have different eligibility criteria to qualify for a personal loan with them. Listed below are the basic minimum eligibility criteria that are commonly considered by all the financial institutions in our network while providing personal loans to individuals.
The age limit for applying loan is 25 years – 65 years
The applicant should be a legal Indian resident
An active bank account should be present
The business should be for at least 3 years in the market
There should be consistent margin of more than 1 Crore
Maintain a good credit score of >700*
Running a business is not easy, and you may have to face quite a few hurdles at various phases, which may need financial assistance to keep the business running and growing. Blooming businesses might demand quick business loans to stay at a consistent position in the market, and so the competition amongst the financiers is also increasing. At Finfree Enterprises, you can avail the business loans across India, and cater to fulfill the financial needs of micro, small, & medium businesses in various fields, for their overall growth & development.
Getting the right business loan for your company can help you survive in the economy where there is a constant one on one fight to stay on top of the game. By availing these quick small business loans, you can use the funds to meet the fiscal demands in regard to the company’s regular works like paying for the employee’s salaries, for purchasing the equipment & inventories, for marketing purposes, etc., that will reflect the growth of your business. Having quick access to the business loans can financially empower you and will allow the continued running of your company’s mundane operations and for further expansion.
Finfree Enterprises is one of the renowned business loan providers across India, where you can easily apply for and avail business financing conveniently up to 3 Crores* at reasonable interest rates by a hassle-free process. We offer business loan services for different industries to assure that your financial requirements are fulfilled as per your preferences, along with manageable repayment options. We at Finfree ensure that the complete process goes on smoothly without any hurdles. So, why wait, fill up the application form and our team will get back to you.
According to the current rate offered by our network of lenders, you can avail the loan with lowest interest rates from 11.55% to 20.05%. With the lenders taking just 2-3 days’ time for the loan approval, you can get the loan approved once all your submitted documents are verified. You will get your money disbursed within no time.
So, why wait, fill up the application form and our team will get back to you.
Like the eligibility criteria, different banks need different documents for verification that proves the authenticity of the borrower. At Finfree Enterprises, along with a completely filled-in application form with a recent photograph, you may have to submit a couple of more documents, as needed by the financial institution with which you are applying for a business loan. Mentioned below are a few documents that should be submitted for the verification process.
Owner Identity Proof - Pan Card / Aadhaar Card / Voter ID card / Driving License / Passport Copy
Owner Age Proof - Pan Card / Aadhaar Card / Voter ID card / Passport Copy / Any Other Statutory authority Certificate
Office Address Proof - Rental Agreement / Latest Property Tax Bill / Bank Passbook / Latest Utility Bills
Existence Proof - Documented Proof To Show The Existence Of The Business For > 3 Years
Bank Statement - Updated Latest 6 Months Statement Of Current Account
Partnership Deed - Proof For Partnership Deed, If It Is A Partnership Firm.
Financial Record - Financial Statement Of Latest 2 Years, Attested By Auditor
GST Documents - Documents For GST Registration & Returns
Other Documents - Documents Related To MOA, AOA, COI, & Shareholding Pattern
|Interest rates||11.55% to 20.05%|
|Processing fee||It ranges from 1% - 3% and differs according to the banks|
|Loan Tenure||3 years to 6 years|
|Loan Amount||₹ 1 lakh - ₹ 3 crores|
|Lock-in period||It differs from the lender to lender|
|Pre-closure charges||It differs from the lender to lender|
|Guarantor Required||It depends on the different conditions|
At Finfree Enterprises, you can easily apply and avail suitable business loans from reputable financiers to overcome your company’s monetary crisis. Our team ensures that you, as a borrower will not have to go through the complicated processing methods, and will have the application approved quickly with prompt transfer of the business loan funds. Here are a few benefits of choosing small business financing options from us.
Loan Quantum Of Up To 3 Crores*
For Business Growth & Expansion
Does Not Need Any Collateral
Manageable Repayment Options
Considerable Interest Rates of 16% - 20%
Quick Processing & Approvals