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| Indifi Business Loan Highlights |
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| Interest Rate | 1.5% per month onwards |
| Loan Amount |
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| Loan Tenure |
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| Processing fees |
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Note: Interest rates as of 15th April 2024
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Table of Contents
Indifi Business Loan Interest Rates
Indifi Business Loan interest rates start from 1.5% per month.
Fees and Charges for Business Loans from Indifi
The fees and charges for availing Indifi Business Loans are mentioned below:
Fees and Charges for Indifi Business Loans
| Particulars | Fees and Charges |
| Processing fees |
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| Pre-closure charges |
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Types of Business Loans provided by Indifi
Indifi Term Loans
Purpose: Indifi Term Loan enables businesses to finance their working capital needs, to purchase new machinery, build new manufacturing units, etc.
Interest Rates: 1.5% per month onwards
Loan amount: Up to Rs 1 crore
Loan tenure: Up to 3 years
Indifi Business Loan Line of Credit
Purpose: Indifi Business Loan Line of Credit is an unsecured loan that allows MSME businesses to avail additional funds to fulfil their working capital needs, pay off debtors, meet seasonal demands, extend credit to their customers, etc. The line of credit facility is specifically designed for businesses, manufacturing units, traders, retailers, service providers, etc. The borrower will pay interest only on the total amount used under this facility.
Interest Rates: 1.5% per month onwards
Loan amount: Up to Rs 1 crore
Loan tenure: Up to 1 year (1 time approval for usage)
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Indifi Business Loan Invoice Discounting
Purpose: Indifi Business Loan Invoice Discounting (also known as Indifi Business Loan Bill Discounting) is an unsecured loan facility, which allows businesses to leverage their outstanding invoices to borrow short term funds to meet their liquidity needs. Businesses like manufacturers and distributors who are providing goods on credit can avail the invoice discounting facility. The borrower can receive up to 90% of the invoice value paid upfront. Note that the burden of amount collection under the invoice discounting facility usually falls on the entrepreneur or business. The cost of financing under this business loan facility is the total of service charge and the discount rate finalised as per the invoice discounting agreement.
Loan amount: Up to Rs 1 crore
Indifi Merchant Cash Advance Loan
Purpose: Indifi Merchant Cash Advance Loan is suited for businesses having a substantial number of card-based transactions done through the point of sale (POS) machine or card swipe machine. Borrower(s) in need of funds to expand their operations, stock more inventory, extend credit or reach out to more customers can opt for this unsecured loan facility. Indifi claims to offer a turnaround time of up to 1 week for MCA loan approval.
Interest Rate: 1.5% per month onwards
Loan Tenure: Up to 1 year
Loan amount: Up to Rs 1 crore
Repayment: Flexible repayment through daily deductions
Indifi Working Capital Loan
Purpose: Indifi Working Capital Loan enables businesses to avail funds for procuring raw materials, payment for overhead expenses like electricity, rent, wages and other utilities, financing of blocked payments from debtors, payment of suppliers in advance, maintaining sufficient cash levels, etc. Indifi claims to offer this unsecured loan with fast loan processing, minimal documentation, approval within 24 hours and with loan disbursal within 3 days. Loan applicants can apply for Indifi Business Loan for working capital from multiple lenders through a single application, thus increasing their chances of loan approval.
Interest Rate: 1.5% per month onwards
Loan Tenure: Up to 3 years
Loan amount: Up to Rs 1 crore
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Indifi Business Loan for Construction Business
Purpose: Indifi Business Loan for Construction Business is an unsecured loan for businesses engaged in the construction sector. This business loan facility enables construction businesses to procure funds for purchasing equipment, business expansion, renovation, spending on marketing, etc.
Interest Rates: 1.5% per month onwards
Loan Tenure: Up to 3 years
Loan amount: Up to Rs 1 crore
Indifi Business Loan for Transportation
Purpose: Indifi Business Loan for Transportation is an unsecured loan facility, which allows businesses engaged in the transport sector to procure funds for running their transport business.
Interest Rates: 1.5% per month onwards
Loan Tenure: Up to 3 years
Loan amount: Up to Rs 1 crore
Indifi Business Loan for Textiles
Purpose: Indifi Business Loan for Textiles is an unsecured loan facility, which allows one person companies, partnerships, LLPs and private limited companies engaged in the textiles sector to procure funds for managing their operations.
Interest Rates: 1.5% per month onwards
Loan Tenure: Up to 3 years
Loan amount: Up to Rs 50 lakh
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Indifi Business Loan for Logistics
Purpose: Indifi Business Loan for Logistics is an unsecured loan facility, which allows businesses engaged in the logistics sector to avail finance for managing their operations.
Interest Rates: 1.5% per month onwards
Loan Tenure: Up to 3 years
Loan amount: Up to Rs 1 crore
Indifi Business Loan for Travel Agency
Purpose: Indifi Business Loan for Travel Agency enables businesses engaged in the travel sector to avail facilities like term loans, merchant cash advance, line of credit and invoice discounting to manage their working capital requirements, offer credit to corporate clients, online booking facility, bulk bookings and monthly salary to employees. Indifi offers this unsecured loan facility with faster loan processing, minimal documentation and loan approval within 24 hours. The platform also offers customised loans to suit the business requirements of their applicants.
Interest Rate: 1.5% per month onwards
Loan Tenure: Up to 1 year
Loan amount: Up to Rs 1 crore
Indifi Business Loan for Restaurants
Purpose: Indifi Business Loan for Restaurants is an unsecured loan facility, which allows businesses involved in the restaurants sector to build working capital, set up new outlets, invest in base kitchens, for local/digital marketing, etc. Indifi offers this business loan facility with minimal documentation, quick loan processing and sanction within 24 hours. Indifi Business Loan for Restaurants are customised products to suit the business requirements of their applicants. Borrowers looking to pre-close Indifi business loans for restaurants have to pay at least 1 EMI to avail this facility.
Interest Rate: 1.5% per month onwards
Loan Tenure: Up to 1 year
Loan amount: Up to Rs 1 crore
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Indifi Business Loan for E-Commerce
Purpose: Indifi Business Loan for E-Commerce is an unsecured loan facility, which enables online businesses to avail the necessary funding for marketing and advertising needs, expand their product range, meet seasonal demands, buy inventory management systems, etc. Indifi offers this unsecured loan scheme with minimal documentation, faster loan processing and loan approval within 24 hours.
Loan amount: Up to Rs 1 crore
Indifi Business Loan for Hotels
Purpose: Indifi Business Loan for Hotels is an unsecured loan facility, which allows businesses in the hospitality sector to avail loans for building a new restaurant and/or business centre, refurbishment and renovation, to purchase security equipment, etc.
Loan amount: Up to Rs 1 crore
Indifi Business Loan for Retail Stores
Purpose: Indifi Business Loan for Retail Stores is an unsecured loan facility, which allows businesses operating in the retail sector to procure funds for the purpose of marketing and advertising, meeting seasonal demands, providing credit to customers, acquiring land for opening stores, etc. The lender claims to offer minimal documentation and loan disbursal within 24 hours of approval.
Loan amount: Up to Rs 1 crore
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Indifi Business Loan for Women
Purpose: Indifi Business Loan for Women is an unsecured loan facility, which allows women entrepreneurs to procure funding for their working capital needs and to minimise the risk from cash flow fluctuations. The lender claims to offer this loan facility with minimal documentation and loan approval within 2 days of document verification.
Interest Rate: 1.5% per month onwards
Loan Tenure: Up to 3 years
Loan amount: Up to Rs 1 crore
Indifi Business Loan Without Security
Purpose: Indifi Business Loan without Security is an unsecured loan facility, which enables MSME businesses to procure funding for their operations without having to pledge any collateral. The lender claims to offer minimal documentation and loan disbursal within 24 hours of approval.
Loan amount: Up to Rs 1 crore
Indifi Flipkart Seller Loan
Purpose: Indifi Flipkart Seller Loan is an unsecured loan facility, which enables businesses selling products on the Flipkart seller portal to expand their business, increase inventory and promote their products. Individuals, sole proprietorships, partnerships, limited liability partnerships (LLP), private limited companies, trusts or foundations registered on the Flipkart Seller Portal are eligible for availing the Flipkart Seller Loans. The lender claims to provide the loan with minimal documentation and loan disbursal within 2 days.
Interest Rate: 1.5% per month onwards
Loan Tenure: Up to 3 years
Loan amount: Up to Rs 2 crore
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Indifi Amazon Seller Loan
Purpose: Indifi Amazon Seller Loan is an unsecured loan facility, which enables businesses selling products on the Amazon seller portal for warehouse management, managing short-term and long-term purchase cycles, working capital needs, etc.
Interest Rate: 1.5% per month onwards
Loan Tenure: Up to 3 years
Loan amount: Up to Rs 2 crore
Indifi Revenue Based Financing
Purpose: Indifi Revenue Based Financing is an unsecured loan facility, which is apt for businesses with recurring revenue looking for funds to manage their working capital needs, marketing expenditure and/or expansion of their business. The lender claims to offer fast loan approval along with disbursal within 2-3 weeks without requiring their borrowers to dilute any equity or stake in the business. Borrowers have to pay a percentage of their business revenue as EMI for the loan. Indifi claims to offer this unsecured business loan with minimal documentation. The lender usually reviews the business loan application within a day and if approved, disburses the loan within 3 days.
Loan amount: Up to Rs 1 crore
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Indifi Business Loan Eligibility Criteria
The business loan eligibility criteria set for availing the Indifi Business Loans are as follows:
Indifi Term Loans / Line of Credit / Indifi Business Loan Without Security
- Operational history of at least 1 year
- The minimum age of promoter should be 22 years
Indifi Merchant Loan Cash Advance
- Card swipe history of at least 6 months
- Monthly transaction starting from Rs 50,000
- Minimum operational history of 1 year
- Age of promoter: 22 years and above
- ITR of 1 year for loans above Rs 10 lakh
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Indifi Business Loan for Construction/Transportation/Textiles/Logistics
- Minimum turnover in last 6 months: Rs 5 lakh
Indifi Business Loan for Restaurants
- At least 1 year of operational history
- Age of promoter: 22 years and above
- Anchor vintage of 6 months
- Rs 15,000 as anchor monthly payout
Indifi Revenue Based Financing
- The business should be related to sectors like software, SaaS, Tech Services, Digital Media, etc.
- The business should be in operating for more than 2 years
- Average revenue of more than Rs 15 lakh or USD 20,000 for last 6 months
- The business should have more than 10 clients while applying for the loan
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Indifi Business Loan for Hotels
- Minimum operational history of 1 year
- Age of promoter: 22 years and above
- The borrower should have filed a tax return of at least 1 year
Indifi Business Loan for Retail Stores
- Age: Between 22 years and 65 years.
- Indian citizen with valid documentation
- Base turnover of proposed shop should be Rs 1.5 lakh and above
- The business should not be boycotted or a rejected rundown according to the law or governmental order
- The shop should be profitable for minimum last 1.5 years.
- The business shouldn’t be involved in any illegal or prohibited activity.
Indifi Business Loan for Women
- Minimum 1 year of successful business operation
- Age: More than 22 years
- ITR of 1 year if turnover is more than Rs 10 lakh
Indifi Working Capital Loan
- Manufacturers, traders, service providers, retailers, e-commerce and businesses in the food, hotels & travel industry
- Operational history of 1 year and above
- ITR of 2 years if income is more than Rs 10 lakh
- VAT returns of the last 1 year.
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Indifi Flipkart Seller Loan
- Individuals, sole proprietorships, partnerships, limited liability partnerships (LLP), private limited companies, trusts or foundations registered on the Flipkart Seller Portal are eligible for availing the Flipkart Seller Loans.
- Age: Minimum 22 years
- Business vintage: At least 6 months
- Minimum anchor monthly payout: Rs 10,000
- Minimum turnover in last 6 months: Rs 5 lakh
- Operational history of 1 year and above
Indifi Amazon Seller Loan
- Age: Minimum 22 years
- Business vintage: At least 6 months
- Minimum anchor monthly payout: Rs 10,000
- Minimum turnover in last 6 months: Rs 5 lakh
- Operational history of 1 year and above
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Documents required for Indifi Business Loan
The documents required for availing different types of Indifi business loan schemes are mentioned below:
Documents for Indifi Term Loans / Indifi Business Loans Line of Credit / Indifi Business Loan Without Security
- KYC documents of the entity & promoters
- Bank statement for last 6 months
- ITR for 1 year above Rs 10 lakh
Documents for Indifi Business Loans Invoice Discounting
- Pan Card
- Aadhar Card
- Address Proof of Business and Entrepreneur
- Business Registration Proof
- GST registration certificate
- Filed GST Returns
- Ledger of Debtors
- Bank statements of 6 months
- Audited financial statements of the business
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Documents for Indifi Merchant Cash Advance Loans
- Business registration proof
- KYC documents of loan applicant and the organisation
- Last 6 months bank statement
- PAN Card and Aadhar Card of promoter
Documents for Indifi Business Loan for Construction Business
- Aadhar card
- Address proof of self and firm
- Income proof of the owner
- A completed application form
Documents for Indifi Business Loan for Restaurants
- PAN card (mandatory)
- Identity proof like driving licence, PAN card, etc.
- Address proof like Aadhar card, bills etc.
- Documents related to the restaurant business
- Last 6 month Bank statements of the business account (for existing business)
- Latest ITR required if the sanctioned loan amount is above Rs 15 lakh
- If a partnership is involved in the business, then the bank will require documents related to the partnership.
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Documents for Indifi Business Loan for Hotels
- ID proof: Driving License, Voter’s ID and PAN card
- Proof of address: Aadhar card, Passport, PAN card, post-paid phone bill, passport, Aadhar card
- Proof of age: PAN card and Passport
- Last 6 month bank statements
- Income proof: Tax returns and salary slips
- Proof of signature: PAN card, signature verified by loan applicant’s bank and Passport
- Proof of IFSC code: Cancelled cheque, copy of front page of bank passbook
- 2 passport size photographs
Documents for Indifi Business Loan for Retail Stores
- Last 6 month bank statements and latest ITR
- ID Proof: Ration Card, PAN card, etc.
- Address Proof: Aadhar card, Driving License, Voter ID, etc.
- Business documents including sole ownership assertion certificates.
- Proof of business registration
- PAN Card of the business
Documents for Indifi Working Capital Loan
- Business registration proof
- KYC documents of both loan applicant and the business
- Bank statement for the last six months
- PAN Card and Aadhaar Card of promoter
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Documents for Indifi Business Loan for Women
- KYC documents of the entrepreneur and her business
- Bank statement of last 6 months
- Latest ITR if loan amount is more than Rs 15 lakh
Documents for Indifi Flipkart Seller Loan
- PAN Card and address proofs of the merchant and the firm
- Proof of business registration
- Last 6 month bank statements of the firm
- Latest ITR if loan amount is above Rs 15 lakh
Documents for Indifi Amazon Seller Loan
- Duly filled application form
- Valid personal and business KYC Documents
- Last 6 months bank statements
- Valid tax returns if loan amount is more than Rs 10 lakh
- P&L statements if loan amount is above Rs 10 lakh
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