Any MSME can face cash limitation but that doesn’t mean that the company is producing poor revenue or underperforming. Sometimes even growing enterprises need additional funds for fueling more development plans, purchasing upgraded equipment, and investing in new areas. A lack of sufficient working capital for such steps towards innovation or development doesn’t mean that the business is unprofitable. It hardly requires asking for an SME business loan from a lender at this phase.
When there are many sources of an SME or MSME loan Online, the concern of borrowers who want to implement a fruitful business strategy or finance the extension of their venture is to receive quick business loans for MSME or SME. They don’t want to miss any chance at hand and look for lenders to finance their strategies in minimum time.
Indifi understands the worth of your business objectives and is here to provide you an MSME loan without collateral. We offer loans to service firms, traders, and manufacturers and don’t need our borrowers for pledging security. Being a digital lender, we offer you fast access to business finance you require for extension and the upgrade of your entity.
How to Receive Quick Business Loan
In this digital era when technology is promoting various transactions for both clients and businesses, many NBFCs have grown as FinTech lenders who have shortened the lending procedure. A FinTech firm like Indifi can be the source of quick business loan for SMEs or MSMEs.
Advantages of Unsecured MSME Loan for New Businesses
Loans from maximum traditional lenders are available at low rates of interest. Nevertheless, MSMEs still can’t borrow from them as they can’t afford to provide precious financial collateral as security needed for such loans. The hidden rates and terms and conditions of these secured loans can also be daunting.
On the other hand, the quick MSME loan for new business from Indifi is not just unsecured but also more cost-effective. We don’t charge an additional fee other than the rate of interest and loan processing fees. With straightforward and undemanding MSME loan eligibility criteria, business finances are available for businesses of all sizes.
How to Apply For a Quick Business Loan
Being a renowned FinTech firm providing quickest business loan for SME in India, Indifi funds the development of different companies from different industries. We have a wide range of loan products for SMEs and MSMEs which have unique plans for constant growth in their fields.
To make working capital loans available for more businesses, we at Indifi have an easy MSME loan eligibility criteria which just need the borrowers to showcase a possibility for development in their industry. This efficiency can be proven with a minimum business vintage of 2 years and a specific annual revenue benchmark, which varies according to the nature of your business and can be checked on our official website or by getting in touch with our team.
The procedure of applying for an SME business loan is completely digitized and it takes a few minutes only for filling in the required details. The soft copies of appropriate documents can be uploaded online for assisting the data given in the application. Usually, these incorporate soft copies of KYC documents, papers authenticating business ownership, latest bank statements, and ITR documents.
After you submit the application, we review it on the same day and if it gets approval, you can disburse the requested amount within 24-48 hours only. The fast disbursal of loan helps the borrowers to execute their business strategies and progress on their profitable journey. Moreover, the returns from these steps for business development also make the payback procedure hassle-free.
The Final Say
In case you have a solid business strategy to take your dream venture to its further phase of development, Indifi has a quick business loan for MSMEs/SMEs which you can utilize for financing it. Stay in touch with us if you are seeking an SME business loan.