Indifi Unsecured Business Loan

Create Customer

Application

Business Entity

Details & KYC

Promoter

Primary Address & Details


Documents Required for indifi unsecured business loan

Documents Required

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo

Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If applicant is professional, then his professional degree is required

About Indifi unsecured business loan

As a business person, you wouldn’t have started your own business without considering the financial risk involved. However, as your company grows and you increase your customer base, more people and outside parties will be looking to profit from working with you, even if it means risking their investment by offering loans without security. This is where the importance of an unsecured business loan steps in. Unsecured business loans are a popular source of financing because they avoid the need for a borrower to provide collateral, which can help borrowers who cannot find or do not have collateral to use.

So have you ever gone to the bank to ask for financing only to hear, “Sorry, you don’t have any collateral or enough credit history”? If this has happened to you, you understand that getting a loan without collateral can be difficult. But with a reliable lending platform like Indifi, the process can be certainly simplified for you.

Indifi is your trusted option for unsecured business loans. With their hassle-free approach and flexible repayment options, you can rest assured that your business will get all the funds it needs in no time. At Indifi, we believe that small businesses are the driving force behind a nation’s economy. That’s why our team at Indifi has worked relentlessly to create an unsecured business loan process that is faster and easier than ever before. Indifi offers loans for up to Rs. 1 Cr, which can be repaid in convenient monthly installments. Indifi also offers a variety of business loan options tailored to meet the needs of your business. Let’s discuss their approach and features in detail for a better understanding:

Features:

No Hidden Charges

10 Days Turnaround Time

Transparent Processing

Zero Collateral

1 Year Vintage

Customized Loan

Low-Interest Rates

Flexible Repayment Options

Multiple Lenders

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Let us take an example, How EMI is being calculated

For instance, if “Shubham” applies for a Indifi Unsecured Business Loan of INR 30 Lacs and get the loan sanctioned at the rate of 20 % with a tenure range of 30 Months , in such a case his EMI would be INR 1,27,889 and complete repayment amount till the end of 30 Months tenure would be INR 38,36,663(i.e 1,27,889 EMI * 30 Months), wherein the total interest amount is INR 8,36,663 along with principal repayment of INR ₹38,36,663. Few additional charges like those of minimal one-time processing fee 3% of the disbursed amount + GST of loan amount may apply. T&C apply.
Year Principal
(A)
Interest
(B)
Total Payment
(A + B)
Balance Loan Paid To Date
2022 ₹ 77,889 ₹ 50,000 ₹ 1,27,889 ₹ 29,22,111 2.60%
Dec ₹ 77,889 ₹ 50,000 ₹ 1,27,889 ₹ 29,22,111 2.60%
2023 ₹ 10,42,374 ₹ 4,92,291 ₹ 15,34,665 ₹ 18,79,737 37.34%
Jan ₹ 79,187 ₹ 48,702 ₹ 1,27,889 ₹ 28,42,924 5.24%
Feb ₹ 80,507 ₹ 47,382 ₹ 1,27,889 ₹ 27,62,418 7.92%
Mar ₹ 81,848 ₹ 46,040 ₹ 1,27,889 ₹ 26,80,569 10.65%
Apr ₹ 83,213 ₹ 44,676 ₹ 1,27,889 ₹ 25,97,356 13.42%
May ₹ 84,600 ₹ 43,289 ₹ 1,27,889 ₹ 25,12,757 16.24%
Jun ₹ 86,009 ₹ 41,879 ₹ 1,27,889 ₹ 24,26,747 19.11%
Jul ₹ 87,443 ₹ 40,446 ₹ 1,27,889 ₹ 23,39,304 22.02%
Aug ₹ 88,900 ₹ 38,988 ₹ 1,27,889 ₹ 22,50,404 24.99%
Sep ₹ 90,382 ₹ 37,507 ₹ 1,27,889 ₹ 21,60,022 28.00%
Oct ₹ 91,888 ₹ 36,000 ₹ 1,27,889 ₹ 20,68,134 31.06%
Nov ₹ 93,420 ₹ 34,469 ₹ 1,27,889 ₹ 19,74,714 34.18%
Dec ₹ 94,977 ₹ 32,912 ₹ 1,27,889 ₹ 18,79,737 37.34%
2024 ₹ 12,71,062 ₹ 2,63,603 ₹ 15,34,665 ₹ 6,08,675 79.71%
Jan ₹ 96,560 ₹ 31,329 ₹ 1,27,889 ₹ 17,83,177 40.56%
Feb ₹ 98,169 ₹ 29,720 ₹ 1,27,889 ₹ 16,85,008 43.83%
Mar ₹ 99,805 ₹ 28,083 ₹ 1,27,889 ₹ 15,85,203 47.16%
Apr ₹ 1,01,469 ₹ 26,420 ₹ 1,27,889 ₹ 14,83,734 50.54%
May ₹ 1,03,160 ₹ 24,729 ₹ 1,27,889 ₹ 13,80,574 53.98%
Jun ₹ 1,04,879 ₹ 23,010 ₹ 1,27,889 ₹ 12,75,695 57.48%
Jul ₹ 1,06,627 ₹ 21,262 ₹ 1,27,889 ₹ 11,69,067 61.03%
Aug ₹ 1,08,404 ₹ 19,484 ₹ 1,27,889 ₹ 10,60,663 64.64%
Sep ₹ 1,10,211 ₹ 17,678 ₹ 1,27,889 ₹ 9,50,452 68.32%
Oct ₹ 1,12,048 ₹ 15,841 ₹ 1,27,889 ₹ 8,38,404 72.05%
Nov ₹ 1,13,915 ₹ 13,973 ₹ 1,27,889 ₹ 7,24,489 75.85%
Dec ₹ 1,15,814 ₹ 12,075 ₹ 1,27,889 ₹ 6,08,675 79.71%
2025 ₹ 6,08,675 ₹ 30,769 ₹ 6,39,444 ₹ 0 100.00%
Jan ₹ 1,17,744 ₹ 10,145 ₹ 1,27,889 ₹ 4,90,931 83.64%
Feb ₹ 1,19,707 ₹ 8,182 ₹ 1,27,889 ₹ 3,71,224 87.63%
Mar ₹ 1,21,702 ₹ 6,187 ₹ 1,27,889 ₹ 2,49,522 91.68%
Apr ₹ 1,23,730 ₹ 4,159 ₹ 1,27,889 ₹ 1,25,792 95.81%
May ₹ 1,25,792 ₹ 2,097 ₹ 1,27,889 ₹ 0 100.00%