Indifi is a Non-Banking Financial Company (NBFC) that offers business loans to Small and Medium Size Enterprises (SMEs) at an interest rate of 22% 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 that include banks. Businesses which are unable to provide collateral are offered term loans from Indifi. The NBFC collates data of businesses from various sources and consider their creditworthiness by checking their credit scores before loan sanctioning.
|Indifi Business Loan 2020|
|Interest Rate||22% onwards|
|Processing Fee||Up to 2% (One-time)|
|Loan Tenure||Up to 36 months|
|Loan Amount||Up to Rs. 50 lakh|
|Min. operational history||Min. 2 years|
|ITR||2 years ITR for more than Rs. 10 lakh|
|VAT||VAT returns for last 12 months|
|Collateral / Security||Not required|
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.