Indifi Unsecured Business Loan 1.5.2.7 APK

Description of Indifi Unsecured Business Loan 1.5.2.7 1.5.2.7:

Indifi is a leading online lending platform that has its own credit rated and RBI-registered NBFC and other lenders on its platform, offering unsecured business loans to MSMEs.We have disbursed 50,000+ MSME & business loans upto 100 lacs across 400+ cities across various industriesWhy take Indifi Unsecured Business Loan?Apply from anywhere: 100% Online process Easy process-dedicated relationship managerAttractive lending rates: APR ranging from 18% - 55.3%Flexible business loan tenure: from 3 to 36 monthsFast disbursalsFlexible repayment termsMinimal documentationNo hidden chargesCustomised loans: For retailers, traders, restaurants, online sellers & moreOne Application, Multiple offers: Get offers from multiple lendersWhat do we offer for MSMEs?Term Loan for MSMEs: Get a fixed amount for a fixed tenure at low interestsMerchant Advance (Loan against POS machines): Suitable for businesses that process a lot of card swipes including Retailers, online sellers and tradersInvoice Discounting: Small businesses or entrepreneurs can use their unpaid invoices to generate revenue for operating expendituresLine of credit: Suitable for regular cash flow. Ideal for business requirements such as money to get cash discounts, offer credit to clients, pay vendors and meet seasonal needsInterest, tenures and other specifications:Annual Percentage Rate (APR): Ranges from 18%-55.3%Minimum Repayment Tenure: 3 monthsMaximum Repayment Tenure: 36 monthsProcessing fee: Upto 3% of the loan amountAn Example of a Term loan:Loan Sanction Amount: 100,000/- at an interest rate of 30% p.aLoan Tenure: 12 MonthsProcessing Fees (Including GST @18%): 3,540Disbursement Amount: 100,000 (Loan Amount) - 3,540 (Processing Fees) = 96,460Total Interest Payable: 16,984.55Total repayable Amount (Loan Amount + Interest): 1,16,984.55Monthly Instalment Amount (Loan Amount + Interest / No of EMIs): 9,748.71Total Cost of the Loan: Interest Amount + Processing Fees = Rs. 16,984.55 + Rs. 3,540 = Rs. 20,524.55Annualised Percent Rate (APR): 37.20%A loan can be called differently by different businesses. At Indifi, all business-related funds can be availed:1. Business Loans2. MSME Loans3. Working Capital LoansWho might be eligible for a business loan?1. Businesses with >12 months operations2. Promoter age > 22 years old3. Businesses with turnover > INR 5 lakhs4. Business with GST registrationWe offer flexible online loans through business loan app to some industries:Loans for E-commerce sellers: Unsecured e-commerce loans help stock inventory and launch new productsLoans for Restaurants & Delivery Outlets: Loans cover opening a new store, renovating the kitchen, and building working capitalLoans for Retailers: Loans for stocking inventory, seasonal demand or offering credit to customersLoans for Pharma Businesses: Unsecured loans help manage payments, credit from suppliers and other needs Loans for Traders: Quick loans to manage credit & working capital cycles, procure inventory & sell furtherOur Lending Partners:Aditya Birla Finance LimitedIncred Capital Financial Services Pvt LtdNorthernArc Capital LimitedAmbit Finvest pvt. Ltd.UGRO CAPITAL LIMITEDIIFL Finance LimitedDMI Finance Pvt. Ltd.RIVIERA INVESTORS PRIVATE LIMITEDBajaj Finserv Direct Limited Additional App Features:One view to see all loan details and download statementSimple payment optionsAuto Loan top-up offers & request for additional loanRaise support tickets for loan-related queriesFor more information:Visit www.indifi.comCall us at 011-408-44715 to speak to our loan expert (Mon to Sat excluding public holidays & 4th Sat of every month),Write to us at [email protected]