Unsecured Loan

Eligibility Criteria for Business Loan

  • Minimum business experience of 1 years
  • Promoter age must be 22 and above
  • Such other criteria as may be specified from time to time

Documents Required for Business Loan

  • KYC of Borrower and Co-Borrowers
  • Bank statements for last 6 months and ITR, if applicable
  • Any other document as may be specified

Unsecured loans

Fee & Interest details

APR (Annual Percentage Rate) 18% - 55.3% p.a.
Processing Fee* 2-3% of Loan amount
Documentation Fee* 0.5 - 2% of Loan amount
Loan Amount upto ₹100 Lakhs
Loan Tenure Up to 36 months
Prepayment Charges*
For full prepayment 4% on principal outstanding
For partial prepayment (applicable on term loan) 4% of the amount being pre-paid
Other Charges*
Stamping Charges At Actuals
PDC/ ECS / NACH Bounce Charges (per presentation) ₹ 500 per presentation
Cheque Swap Charges ₹ 500 per instance
Statement of Account NIL
Adhoc Charges At Actuals
Penal Charges 2% per month on overdue Instalment
*GST applicable at prevalent rates

Note: Please note that the above fee and charges are exclusive of GST or any other government taxes, levies etc. Actual charges will be as communicated at the time of loan sanction and disbursal and would be subject to changes from time to time at sole discretion of Company. The changes will be available on Company’s website.

Type of Unsecured Loan

Indifi Capital offers the following types of loans to small businesses:

  1. Term loan:

    2. Upfront disbursal with repayment in fixed instalments

  2. Line of Credit:

    3. Revolving facility with flexibility of drawdown request