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Checking your eligibility

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.

Age

The age limit for applying loan is 25 years – 65 years

Residency

The applicant should be a legal Indian resident

Bank Account

An active bank account should be present

Business age

The business should be for at least 3 years in the market

Profit Margin

There should be consistent margin of more than 1 Crore

Credit Score

Maintain a good credit score of >700*

What are Business Loans?

Quick Business Loans in India

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.

Reasons to choose a Business Loans

Easy to grow capital

The capital of the business can be easily obtained with business loans.

Expansion of operations

Business operations will require an expansion, and this can be also be done.

Full control on the usage

The lender will not insist on telling them how the loan amount is being used.

Documents Required To Process A Business Loan

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

Representative Example

INR 1,00,00,000/- taken as a loan amount over a loan tenure of 36-months (3 years) at an annual interest rate of 18%* will have a total payback amount of Rs. 1,30,14,862/- with a total payable interest amount of Rs. 30,14,862/- and a monthly EMI of 3,61,524/-.

Finfree Enterprises is a financial advisory platform in Hyderabad, Telangana that connects creditworthy borrowers with trustworthy financial institutions like the banks & NBFCs, to provide suitable fundraising options for individual applicants & for businesses across India, at the most considerable interest rates. The finally imposed interest rates will be dependent on various aspects like the borrowing loan amount, loan type, loan tenure, borrower’s credit score, financial record, employment details, income, and other relevant factors. The borrowed loan amount will have to be paid back as per the scheduled repayment plan, as decided by the borrower & the financier.

Details of Business Loans

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

Privileges Of Choosing Small Business Loans From Finfree

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

FAQ's

The business profit margin should be 1 crore and not less than that.
If you are having a business, then you can avail the loan amount of Rs. 3 crores.
There are certain eligibility criteria that you need to fulfil and only then you will be approved with the loan. Check the eligibility criteria before going further.
Once you submit all the documents, the lender will move your application further and within no time the amount will be disbursed.