Non-banking finance Organisations (NBFCs) are swiftly growing into the preferred alternative for obtaining swift and seamless financing, particularly among the SME and MSME sectors. NBFCs provide comparatively straightforward loans with little to no documentation, ensuring that firms do not spend precious hours negotiating for financing instead of working on their business activities.
Indifi belongs to one such NBFC that offers financing options to the SME sector without ITR. It provides financial help to small and medium-sized businesses for a variety of operational needs, including working capital, infrastructure expansion, the manufacture of goods, and lots more.
Indifi provides a variety of business loans to small firms, including term loans, lines of credit or overdraft facilities, working capital loans, and more. Some lenders do not offer business loans without ITR, but if you choose Idifi as your partner, you will receive business loans without ITR.
Indifi Business Loan Highlights 2024
| Criteria | Details |
| Business Vintage | 1 year |
| Property Type | Both Sides Rented, Resi Cum Office |
| Profile | M – Profile |
| Minimum Turnover | 20 Lacs |
| Location | Pan India |
| CIBIL Score | 0, 700+ & -1 |
| Co-Applicant | Not Mandatory |
| Industries Covered | Manufacturing, Trading, Service |
| Loan Amount | Up to 30 lakh |
| ROI (Reducing) | 18% to 32% |
| Process | Completely ONLINE PROCESS |
| Turnaround Time (TAT) | 2 Days |
| Age Range | Min 23, Max 65 |
| Mandatory Document | GST certificate |
FEATURES and ADVANTAGES of INDIFI UNSECURED BUSINESS LOAN
- You can borrow up to Rs. 50 lakh for business purposes.
- Business people can get Rs. 10 lakhs without income documents on 1-year business vintage.
- Loans are sanctioned using a customized and segmented method.
- A quick and easy loan process with minimum documents and no collateral.
- To increase your probability of approval, submit a single application to various lending institutions.
- Certain loan offers to fit certain business needs.
- Open and customizable approach with adjustable repayment and lending terms.
- There are no hidden charges.
When is it the Most Beneficial Choice to Ask for a Business Loan?
There are a few scenarios in which you would need to borrow funds to fuel your firm’s activity. You may apply for a business loan in scenarios like:
- The company plan is strong.
- You can imagine the influx of funds.
- Returns on capital are greater than the loan interest cost.
Required Documents to Apply For INDIFI BUSINESS LOAN
| Documents Required | Details |
| KYC of applicant & Co-Applicant | Identification documents of applicant and co-applicant |
| Last 3-year audited balance sheet of the applicant | Audited balance sheet for the last 3 years |
| Last 3 year’s Tax audit report of the applicant | Tax audit reports for the last 3 years |
| Last 12-month Bank Statement of applicant & co-applicant | Bank statements for the last 12 months |
| 26AS of last 2 years of applicant & co-applicant | Form 26AS for the last 2 years |
| Copy of GST registration | Certificate of Goods and Services Tax (GST) registration |
| Copy of MSME registration | Certificate of Micro, Small, and Medium Enterprises (MSME) registration |
| Copy of Last 12 month’s GST return | Goods and Services Tax (GST) returns for the last 12 months |
| Sanction letter of all running loan | Letters indicating approval of all existing loans |
| Debt Sheet | Details of existing debts |
| Latest utility Bill of residence if owned or rent agreement if rented | Utility bill or rent agreement for residence |
| Latest utility Bill of Office if owned or rent agreement if rented | Utility bill or rent agreement for office |
| 2 Reference with contact details | References with contact information |
| Last 3 years Debtors & Creditors on letterhead | Details of debtors and creditors on official letterhead |
| List of Directors & Shareholders, if the applicant is a Company or List of Partners if the applicant is a Partnership firm/LLP | Details of directors/shareholders or partners |
How to Apply For INDIFI Business Loan?
- Open https://referloan.in/.
- Navigate to the “loan” option.
- Select the “Business Loan” Option.
- Select the “Indifi Business Loan.”
- If you’re an existing client, fill up the given form. New people must first register before submitting their application form.
- Enter all of the information along with the mobile phone or email ID for OTP authentication.
- Bring in your earnings and KYC information.
- Choose your loan size.
- Attach all relevant documents.
- Send your application form.
- Wait for the response from Refer Loan’s Team.
Why Is a Business Loan the Best Solution for Business Funding?
If you want the funds, you have to increase in value; you have to use them. This is particularly applicable to businesses. When the other activities of the business are efficiently handled, adding capital may be beneficial to its expansion. Still, timeliness and operational effectiveness in getting and using funds are crucial.
One of the easiest methods to raise funds for your business is to take out a business loan. Loans are also a more effective option for raising capital for a prosperous business than capital invested in shares because they allow for greater flexibility.
You benefit from the rate of return that exceeds the cost of interest you pay on the borrowed funds. As a business owner, you shouldn’t be afraid to take out loans because they can help expand your business.
How do you reach Indifi’s Customer Care for Business Loan Info?
Indifi’s customer service is easily accessible if you have any questions or need information about their loan options.
- Phone Number: 7289904934
- Email: cs@indifi.com (for existing clients)
Customers who have any complaints about Indifi’s products may reach their Relationship Manager or the Customer Support Officer at the following email address: grievances@indifi.com.
Bottom Line
Based on the extensive list of documents required for unsecured business loans from Indifi, it is clear that the company places great emphasis on due diligence and comprehensive risk assessment before offering loans to businesses. By requesting documents such as KYC reports, financial statements, bank statements, and legal registration, Indifi aims to gain a comprehensive understanding of the borrower’s financial health, solvency, and regulations.
Open the door to your business growth potential with Indifi Business Loans! Indifi’s comprehensive approach to lending ensures that your journey to success is supported by a sound foundation of financial stability and a strategic mindset.
Gather the necessary documents to demonstrate your business’s strengths and capabilities before embarking on this transformational journey.