Indifi Unsecured Business Loan 1.11

Indifi is an online lending platform that stands out in the industry due to its credit rating and registration with the Reserve Bank of India as an Non-Banking Financial Company (NBFC). Through its platform, Indifi offers unsecured business loans to Micro, Small, and Medium Enterprises (MSMEs).

Having successfully disbursed over 50,000 MSME and business loans totaling up to ₹100 lakhs across more than 400 cities and various industries, Indifi has established a strong presence in the market.

Key Features:

• Streamlined Application Process: Apply online from anywhere
• Dedicated Relationship Manager for personalized assistance
• Competitive Annual Percentage Rates (APR) ranging from 18% to 55.3%
• Flexible Loan Tenures from 3 to 36 months
• Quick Disbursals and convenient repayment terms
• Minimal Documentation requirements with full transparency
• Customized Loan Solutions tailored for retailers, traders, restaurants, online sellers, and more
• Access Multiple Lenders with a Single Application for better loan options

Loan Options for MSMEs:

• Term Loan: Fixed amount for a set tenure at low interest rates
• Merchant Advance: Designed for businesses with high card transaction volumes such as retailers and online sellers
• Invoice Discounting: Utilize unpaid invoices to cover operational expenses
• Line of Credit: Ideal for maintaining regular cash flow and meeting diverse business needs

Interest Rates, Tenures, and Specifications:

• APR: 18% - 55.3%
• Minimum Repayment Tenure: 3 months
• Maximum Repayment Tenure: 36 months
• Processing Fee: Up to 3% of the loan amount

Sample Calculation for a Term Loan:

• Total Loan Amount: ₹100,000 at an annual interest rate of 30%
• Tenure: 12 months
• Total Processing Fees (Including GST @18%): ₹3,540
• Total Disbursement Amount: ₹96,460 after deducting processing fees
• Total Interest Payable: ₹16,984.55
• Total Repayable Amount (Loan + Interest): ₹1,16,984.55
• Monthly Installment Amount: ₹9,748.71
• Total Cost of Loan (Interest + Fees): ₹20,524.55
• Annualized Percent Rate (APR): 37.20%

Catering to various industry segments, Indifi offers a range of loan products including Business Loans, MSME Loans, and Working Capital Loans, ensuring that different business funding needs are met effectively.

Borrower Eligibility Criteria:

• Operational Period of more than 12 months
• Promoter age exceeding 22 years old
• Minimum business turnover of INR 5 lakhs
• GST registration for the business entity

Sector-Specific Loan Offerings Include:

• E-commerce Sellers: Unsecured loans for inventory management and product launches
• Restaurants & Delivery Outlets: Financing options for expansions and working capital needs
• Retailers: Funding solutions for inventory stocking and customer credit facilities
• Pharma Businesses: Unsecured credit support for managing supplier payments
• Traders: Quick loans to facilitate inventory procurement and sales activities

• Lending Partners:

• A list of lenders available on Indifi platform:
  <l1>List of Lenders Include: <l1><l2>Aditya Birla Finance Limited</l2></l1> <l1><l2>Incred Financial Services Pvt Ltd</l2></l1> <l1><l2>NorthernArc Capital Limited<l2/></l1/> <l1><l2>Ambit Finvest Pvt. Ltd.</l2></l1/> <l1><l2>UGRO CAPITAL LIMITED<l2/></l1/> <l1><l2>IIFL Finance Limited<l2/></l1/> <l1><l2>DMI Finance Pvt. Ltd.<l2/></l1/> <l1><l2>Indifi Capital Private Limited<l2/></l1/> <l1><l2>Bajaj Finserv Direct Limited<l2/></l1/>
  /ul>

  Additonal App Features:

  A list of additional features available in the Indifi app:
  List of Features Include: <il>Data access to loan details and statements </il <il>Simplified payment methods </il <il>In-app loan top-up functionality </il <il>Raised support services requests capability<lil
  /

  If you require more details or wish to engage with Indifi's services:

  Contact Information: <Il>Visit our official website at www.indifi.com </Il <Il>Contact us telephonically at 011-408-44715 to speak with our dedicated loan expert </Il <Il>Email us at [email protected] for additional inquiries or assistance </Il /ul/uleditorial>`