FlexiLoans: Business Loans

FlexiLoans: Business Loans is a finance app that offers business loans to micro, small, and medium enterprises (MSMEs) in India. According to its description, the app is built around quick access to funds and aims to help small businesses close financing gaps they may face with traditional lenders. The listing places the app in the Finance category and names Flexiloans.com as the developer.

What kinds of financing does the app describe?

The description says the app can support several business needs, including working capital management, funding for expansion plans, and purchasing inventory. It lists term loans, invoice discounting, supply chain finance, and lines of credit as available loan options, which the source presents as a way to match different business circumstances.

How does the app compare with traditional bank lending, according to its description?

The source contrasts the app with traditional banks that have strict eligibility criteria and lengthy approval processes. In that framing, FlexiLoans emphasizes an online application process, flexible repayment terms, and minimal documentation. These are the app's own stated attributes, and the description does not provide independent comparison data.

What rates and charges are mentioned?

The description states that loans start from an annual percentage rate (APR) of 12%. It also says there are no hidden charges. The source does not provide a full fee schedule or a maximum rate, so the terms presented within the app are the place to confirm the costs of a specific loan.

Who can apply, and what information is needed?

The description lists eligibility conditions: the business must have been operating for more than 12 months, the promoter must be at least 21 years old, annual turnover must be above INR 4 lakhs, and GST registration is required. For the application itself, the source says physical documents are not required. Applicants are asked to enter a PAN Card number, upload a digital photocopy of an Aadhaar Card, and take a selfie. Meeting the listed conditions does not guarantee approval, since the source describes approval as a separate step in the process.

How quickly are funds disbursed?

The description says that funds are disbursed quickly once a loan application is approved. It does not state a specific timeframe, so the time needed for an individual application is not provided in the source.