Indifi is a Non-Banking Financial Company (NBFC) that offers business loans to Small and Medium Size Enterprises (SMEs) starting from 1.5% per month onwards. The company offers term loans for businesses to overcome their financial crunch or for expansion. Indifi provides business loans to small and medium enterprises that have limited access to financial institutions including banks. Businesses that are unable to provide collateral are offered term loans from Indifi.
Indifi Business Loan Interest Rate & Features – 2022
Interest Rate | 1.5% per month onwards (Term Loan) |
Loan Amount | Rs. 50,000 – Rs. 50 lakh |
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 |
Note: Indifi Line of Credit: The interest rate, loan amount and features of Line of Credit offered is the same as mentioned for business loans.
Comparison of Business Loan Interest Rates offered by Top Banks/NBFCs
Bank/NBFCs | Interest Rate | |
IIFL Finance | 11.75% – 25.75% p.a. | Apply Now |
HDFC Bank | 11.90% – 21.35% p.a. | Apply Now |
FlexiLoans | 1% per month onwards | Apply Now |
ZipLoan | 1% – 1.5% per month (Flat ROI) | Apply Now |
Axis Bank | 14.25% – 18.50% p.a. | Apply Now |
IDFC First Bank | 14.50% p.a. onwards | Apply Now |
Kotak Mahindra Bank | 16% – 19.99% p.a. | Apply Now |
Fullerton Finance | 17% – 21% p.a. | Apply Now |
Bajaj Finserv | 17% p.a. onwards | Apply Now |
RBL Bank | 17.50% – 25% p.a. | Apply Now |
ICICI Bank | 18% p.a. onwards | Apply Now |
Indifi Finance | 1.5% per month onwards | Apply Now |
Lendingkart Finance | 1.5% – 2% per month | Apply Now |
Tata Capital Finance | 19% p.a. onwards | Apply Now |
NeoGrowth Finance | 19% – 24% p.a. | Apply Now |
Hero FinCorp | Up to 26% p.a. | Apply Now |
Indifi: Merchant Cash Advance
Features:
Rate of Interest: | 1.5% per month |
Loan Amount: | Up to Rs. 50 lakh |
Repayment Tenure: | Up to 12 months |
Processing Fee: | 2% of the loan amount |
Eligibility:
- Promoter’s Age: Min. 24 years
- At least 2 years of operational history
- Minimum 6 months card swipe history
- Minimum monthly transaction: Rs. 50,000
- For loans above Rs. 10 lakh: Last 2 years’ ITR
Indifi: Invoice Discounting
Features:
- Loan against outstanding invoices
- Credit line up to Rs. 1 crore
- Up to 90% of 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

Best Working Capital Loan offers from leading banks Apply Now
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 of 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