| Loan Amount | ₹100,000 |
| Interest % | 8 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,699 |
| Total Interest | ₹ 4,386 |
| Loan Amount + Interest | ₹ 104,386 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 16,118 | ₹ 1,280 | ₹ 17,398 | ₹ 83,882 | 16.12 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 83,884 | ₹ 3,106 | ₹ 86,990 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Note : Flexiloans Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
It may be a difficult, time-consuming, and stressful process to launch a business. There are so many choices to make and actions to take. How a businessperson will fund their company venture is a crucial choice that has to be made early in the entrepreneurial process. A business loan is among the most common ways to raise funding for your company.
Business loans help you raise funds for your business so that you may, among other things, grow your operations, boost supplies, put your business online, or buy new equipment. The quick supply of cash provided by business loans enables you to complete necessary operations and make payments on time, retaining the flawless operation of your business.
If you are planning to apply for a Business loan at Bank Of FlexiLoans there are certain details that you should be aware of, Let’s discuss
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
One of the most important steps. Now you will have to submit all the required documents digitally.
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
The minimum sale of the business to apply
for a FlexiLoan Business Loan must be at least Rs. 20 lakhs per year.
FlexiLoans offers
business loans to those businesses that have been running for at least 1 year.
FlexiLoans Business Loans are available to individual corporations, sole
proprietors, and private companies involved in trading, production, or
services.
The minimum age to apply for FlexiLoan Business
Loan is 23
The maximum age to apply for FlexiLoan
Business Loan is 65
Consultant
