Indifi Business Loan

The fees and charges for availing Indifi Business Loans are mentioned below:

Also read: Best Business Loan EMI Calculator

Purpose: Indifi Term Loan provides businesses with the financial means to cover their working capital requirements, invest in new machinery, construct new manufacturing facilities, and more.

Interest Rates: 1.5% per month onwards

Loan amount: Up to Rs 1 crore

Loan tenure: Up to 3 years

Purpose: Indifi Business Loan Invoice Discounting, also known as Indifi Business Loan Bill Discounting, is a type of loan where businesses can use their unpaid invoices to get quick cash for short-term needs without needing collateral. This is especially helpful for businesses like manufacturers and distributors who sell goods on credit. With this loan, they can get up to 90% of the invoice value upfront. However, it's important to note that the responsibility for collecting the full invoice amount usually rests with the business. The cost of this loan includes service charges and discount rates, as agreed upon in the invoice discounting agreement.

Loan amount: Up to Rs 1 crore

Purpose: Indifi Business Loan Line of Credit is a type of loan without needing collateral. It's meant for small and medium businesses to get extra money for their pay off debtors, meet seasonal demands, working capital needs, extend credit to their customers, etc. This option is made for different types of businesses like shops, factories, traders, and service providers. With this loan, you only pay interest on the amount you actually use, not the whole approved amount.

Interest Rates: 1.5% per month onwards

Loan Amount: Up to Rs 1 crore

Loan tenure: Up to 1 year (1 time approval for usage)

Purpose: Indifi Merchant Cash Advance Loan is perfect for businesses that conduct a lot of transactions using card machines, like POS or card swipe machines. This loan doesn't require collateral. It's ideal for businesses looking to grow, increase inventory, offer credit to customers, or expand their customer base. Indifi promises a quick approval time of up to 1 week for this loan.

Interest Rate: 1.5% per month onwards

Loan Tenure: Up to 1 year

Loan amount: Up to Rs 1 crore

Repayment: Flexible repayment through daily deductions

Purpose: Indifi Flipkart Seller Loan offers businesses selling products on the Flipkart seller platform the chance to grow their operations, boost inventory, and market their products. Eligible entities such as individuals, sole proprietorships, partnerships, limited liability partnerships (LLPs), private limited companies, trusts, or foundations registered on the Flipkart Seller Portal can access this loan. The lender promises minimal paperwork and disburses the loan within 2 days.

Interest Rate: 1.5% per month onwards

Loan Tenure: Up to 3 years

Loan amount: Up to Rs 2 crore

Purpose: Indifi Amazon Seller Loan provides businesses selling products on the Amazon seller platform with access to funds for various purposes like warehouse management, handling short-term and long-term purchase cycles, and meeting working capital needs.

Interest Rate: 1.5% per month onwards

Loan Tenure: Up to 3 years

Loan amount: Up to Rs 2 crore

Purpose:  Indifi Working Capital Loan provides businesses with the funds they need for various purposes such as purchasing raw materials, covering overhead expenses like rent and wages, financing pending payments from customers, paying suppliers in advance, and maintaining adequate cash reserves. Indifi offers this unsecured loan with quick processing, requiring minimal documentation, approval within 24 hours, and disbursal within 3 days. With the option to apply through a single application to multiple lenders, applicants can improve their chances of loan approval.

Interest Rate: 1.5% per month onwards

Loan Tenure: Up to 3 years

Loan amount: Up to Rs 1 crore

Purpose: Indifi Business Loan for Transportation is a loan option for businesses in the transport industry. It offers funds without requiring collateral, helping these businesses cover their operational expenses and keep their transportation services running smoothly.

Interest Rates: 1.5% per month onwards

Loan Tenure: Up to 3 years

Loan amount: Up to Rs 1 crore

Purpose: Indifi Business Loan for Textiles is a type of loan for businesses in the textile industry. It provides funds without needing collateral, helping these companies manage their day-to-day operations effectively.

Interest Rates: 1.5% per month onwards

Loan Tenure: Up to 3 years

Loan amount: Up to Rs 50 lakh

Purpose: Indifi Business Loan for Construction Businesses is a type of loan designed for companies in the construction industry. It provides funds without requiring collateral for various needs such as buying equipment, expanding the business, renovating, and investing in marketing efforts.

Interest Rates: 1.5% per month onwards

Loan Tenure: Up to 3 years

Loan amount: Up to Rs 1 crore

Purpose: Indifi Business Loan for Logistics is a loan option for companies in the logistics industry. It provides funds without requiring collateral, helping these businesses manage their day-to-day operations efficiently.

Interest Rates: 1.5% per month onwards

Loan Tenure: Up to 3 years

Loan amount: Up to Rs 1 crore

Purpose: Indifi Business Loan for Restaurants is a loan option for restaurant businesses to improve their working capital, open new locations, invest in kitchen facilities, or boost marketing efforts. Indifi provides this loan with easy documentation, fast processing, and approval within 24 hours. They tailor these loans to fit the unique needs of each restaurant. If borrowers want to close their loan early, they need to pay at least one installment before doing so.

Interest Rate: 1.5% per month onwards

Loan Tenure: Up to 1 year

Loan amount: Up to Rs 1 crore

Purpose: Indifi Business Loan for E-Commerce provides online businesses with the funds they need for various purposes such as marketing, expanding product offerings, handling seasonal demands, and purchasing inventory management systems. This loan option requires minimal documentation, offers quick processing, and provides approval within 24 hours, making it convenient for e-commerce businesses to access the necessary funds.

Loan amount: Up to Rs 1 crore

Purpose: Indifi Business Loan for Hotels offers loans to businesses in the hospitality industry without requiring collateral. This loan option enables hotels to access funds for various purposes such as constructing new restaurants or business centers, renovating existing facilities, and purchasing security equipment.

Loan amount: Up to Rs 1 crore

Purpose: Indifi Business Loan for Retail Stores provides funds to retail businesses without needing collateral. This loan option helps them with marketing, handling busy seasons, offering customer credit, and acquiring land for new stores. The lender promises minimal paperwork and disburses loans within 24 hours of approval.

Loan amount: Up to Rs 1 crore

Purpose: Indifi Business Loan for Women is a loan option for women entrepreneurs, providing them with funds to cover working capital needs and mitigate risks from cash flow fluctuations. The lender offers this loan with minimal paperwork and approves it within 2 days of verifying documents.

Interest Rate: 1.5% per month onwards

Loan Tenure: Up to 3 years

Loan amount: Up to Rs 1 crore

Purpose: Indifi Business Loan without Security is a loan option for MSME businesses to obtain funding for their operations without needing to provide any collateral. The lender promises minimal paperwork and disburses the loan within 24 hours of approval.

Loan amount: Up to Rs 1 crore

Purpose: Indifi Revenue Based Financing is a loan option suitable for businesses with consistent revenue seeking funds to cover working capital, marketing expenses, or expand their operations. The lender promises quick approval and disbursal within 2-3 weeks without the need for borrowers to give up any ownership in their business. Instead of fixed monthly payments, borrowers repay a percentage of their revenue as installments. Indifi makes the process easy with minimal paperwork, typically reviewing applications within a day and disbursing approved loans within 3 days.

Loan amount: Up to Rs 1 crore

Purpose: Indifi Business Loan for Travel Agencies helps travel companies get different types of loans without needing collateral. These loans help manage day-to-day needs like paying employees, offering credit to corporate clients, and handling online bookings. Indifi makes getting these loans quick and easy, with fast processing, minimal paperwork, and approval within 24 hours. They can also customize loans to fit the specific needs of each business.

Interest Rate: 1.5% per month onwards

Loan Tenure: Up to 1 year

Loan amount: Up to Rs 1 crore

The business loan eligibility criteria set for availing the Indifi Business Loans are as follows:

• It should have been operational for at least 2 years.
• The Income Tax Returns (ITR) filed for the past 2 years should show earnings greater than Rs. 10 lakhs.
• GST returns must have been filed for the last 12 consecutive months.

Also read: Best Business Loan Eligibility

The documents required for different types of Indifi business loan schemes include:

• Registration Proof for Business: Certificate of incorporation, partnership deed, LLP agreement, GST registration certificate, etc.
• KYC Documents: Identity and address proof documents of the loan applicant (such as PAN card, Aadhaar card, passport, etc.) and KYC documents for the business enterprise.
• Bank Statement: Bank statements for the last 9 months to showcase the business's financial transactions and stability.
• PAN Card and Aadhaar Card: PAN card and Aadhaar card of the loan applicant for identity verification.

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