Indifi is a Non-Banking Financial Company (NBFC) that offers business loans of amount up to Rs. 1 crore to Small and Medium Size Enterprises (SMEs) at an interest rate starting from 1.5% per month. Indifi offers business loans to small and medium enterprises that have limited access to financial institutions including banks. Businesses that are unable to submit collateral/security are offered term loans from Indifi.
Indifi Business Loan Highlights – January 2023
Interest Rate | 15% – 24% p.a. (Term Loan) |
Loan Amount | Rs. 50,000 – Rs. 1 crore |
Loan Tenure | Up to 36 months |
Processing Fee | Up to 2% of the sanctioned loan amount + GST |
Min. operational history | Min. 2 years |
Business Turnover or 2 years’ ITR | More than Rs. 10 lakh |
Foreclosure Charges | 4% of the principal outstanding of loan amount |
Applicant’s Age | Minimum 22 years and above |
Note: Indifi Line of Credit: The interest rate, loan amount, and features of the Line of Credit offered are the same as mentioned for business loans. The mentioned Interest Rates are updated as on January 2023.

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Comparison of Business Loan Interest Rates offered by Top Banks/NBFCs – January 2023
Bank/NBFCs | Interest Rate | |
Axis Bank | 14.95% - 19.20% p.a. | Apply Now |
Bajaj Finserv | 9.75% - 25% p.a. | Apply Now |
Flexiloans | 1% per month onwards | Apply Now |
HDB Financial Services Ltd. | Up to 36% p.a. | Apply Now |
HDFC Bank | 10% - 22.50% p.a. | Apply Now |
IDFC First Bank | 15% p.a. onwards | Apply Now |
Indifi | 1.50% per month onwards | Apply Now |
Kotak Mahindra Bank | 16% - 19.99% p.a. | Apply Now |
Lendingkart | 1% - 2% per month | Apply Now |
Mcapital | 2% per month onwards | Apply Now |
NeoGrowth Finance | 19% - 24% p.a. | Apply Now |
Tata Capital | 12% p.a. onwards | Apply Now |
UGRO Capital | 14.90% p.a. | Apply Now |
Note: Business loan interest rates are updated as on January 2023.
Indifi: Merchant Cash Advance
Features:
Rate of Interest: | 1.5% per month |
Loan Amount: | Up to Rs. 1 crore |
Repayment Tenure: | Up to 12 months |
Processing Fee: | 2% of the sanctioned loan amount |
Flexible Repayment via | Daily Deductions |
Eligibility:
- Promoter’s Age: Min. 22 years
- At least 1 year of operational history
- Minimum monthly transaction of Rs. 50,000
- Minimum 6 months of card swipe history
- 1-year ITR for loan amount above Rs. 10 lakh

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Indifi: Invoice Discounting
Features:
- Loan against outstanding invoices
- Credit line up to Rs. 1 crore
- Up to 90% of the invoice value is paid upfront
- No Collateral or security required
- Financing Cost: Service charges + discount rate
Documents Required
- Duly filled application form with passport-size photographs
- KYC documents of the applicant (Passport, Aadhar card, Voter’s ID card, Driving License, Utility Bills)
- Business Address, Vintage, Establishment & Registration Proofs
- Last 6 months’ bank statement
- Any additional document required by Indifi

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Customer Care
Mob: 7289904934
email: sales@indifi.com, cs@indifi.com
FAQs
Ques. Do I require any collateral or security to avail myself of a business loan?
Ans. No, there is no requirement for any security as it’s an unsecured collateral-free loan.
Ques. Can I use the loan amount for various other purposes?
Ans. As it’s a business loan, therefore it can be used only for business-related purposes like business expansion, renovation, purchase of equipment, marketing, hiring, etc.
Ques. What are the segments catered by Indifi by providing business loans?
Ans. Indifi offers business loans to retailers, manufacturers, service providers, and traders.
Ques. What are the types of loans offered by Indifi?
Ans. Indifi offers various types of loans that include invoice financing, term loans, line of credit, overdraft, and merchant cash advances.
Ques. What is the minimum required turnover of my business to be eligible for loans at Indifi?
Ans. The minimum annual turnover for your business shall be defined by Indifi, as per your loan amount, repayment tenure, business vintage, volume, and profitability.
Ques. What are the modes to repay the Indifi business loan?
Ans. The loan amount can be repaid in various forms, such as cheques, e-collect payment, NACH, PayTM & PhonePe