CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
Currently not available! for similar products
Non Banking Finance Companies are fast becoming the preferred option for acquiring prompt and hassle free finance especially by the SME and the MSME sector. NBFCs offer relatively hassle free loans at minimal documentation thereby ensuring that the businesses do not lose valuable time in negotiating for finance rather than focusing on their business operations. Indifi is one such NBFC providing financial solutions to the SME Sector. It offers financial assistance to the small and medium enterprises for various business needs like working capital needs, infrastructural development, product development and much more.
Indifi offers many types of business loans to the small businesses like term loans, line of credit or overdraft facility, Invoice discounting merchant cash advance, working capital loans, etc.
The details of some of these loans offered by Indifi as financial solutions to various business needs are provided here.
Indifi has laid down certain basic eligibility criteria for the business to be eligible for loans. These criteria are basically related to the existence of the business and to validate the viability of the loans given. The basic eligibility criteria set by the Indifi across all sections of the loans are,
There are certain loan specific requirements that the applicants are required to meet as well. The details of the same are mentioned below.
Line of Credit or overdraft facility – Indifi requires the promoter’s age to be at least 24 years to be qualified or eligible for application of an overdraft facility offered by the company.
Merchant advance loans against POS Machine – In this case, Indifi has stated two special or specific eligibility requirements relating to the usage of the debit or credit card. Indifi requires.
These were certain eligibility criteria set by Indifi for the small businesses to qualify for a business loan.
The documentation process of the NBFCs is designed to be hassle free and with minimal documentation to ensure speedy approval of loans without wasting any crucial time for providing financial assistance to the small businesses. Indifi also has designed its documentation process in similar fashion. It requires a basic set of minimum documents for the loans to be processed and approved. The list of documents required by Indifi is mentioned below.
As discussed above, Indifi provides many types of loan solutions to small businesses. These loans can be used for working capital requirements or any other specific requirements of the business and thereby help them gain a niche in the market.
Some of such business loans of Indifi and their features are discussed below.
The term loans from any financial institutions are always a preferred loan option as they come with extended tenure, lower rate of interest and a maximum amount of finance. The term loans of Indifi are also similar in such features as they offer business loans at flexible and comfortable repayment tenure at very reasonable rates. The key features of the term loans of Indifi are,
Line of Credit/ Overdraft Facility
The line of credit or overdraft facility is like a lifeline to any organization. The immediate needs of funds are often solved by a standing line of credit offered by banks or financial institutions like Indifi. This line of credit ensures that the business does not waste precious time in procuring funds when every minute may be crucial for survival or reducing the burden on the entity. The highlights of the overdraft facility of Indifi’s business loans are,
Bill discounting/Invoice Discounting facility
This is a very favorable alternative to the traditional term loans or overdraft facility. Bill discounting provides instant cash or liquidity to the organization against its outstanding bills rather than waiting for the sanction of the loan. Borrowers can get instant cash disbursal within 24 hours of the bill discounted at no extra or hidden charges. The features of the bill discounting or invoice discounting model of Indifi are mentioned below.
Merchant Advance Loan against POS Machine
Merchant advance loans are an easy loan option against the POS machine. These loans are beneficial to both the businesses and the credit issuer. The features of this type of loan provided by Indifi are,
Besides the above loans, Indifi also provides finance options like travel agency financing, MSME Loans, Unsecured Line of Credit, Business loans for Women and many other options for providing easy access to the business solutions.
The customer care of Indifi can be easily contacted for any queries or information required regarding its loan products. The details of the customer care of this financial company are mentioned below,
Telephone Number – 7289904934
Email id – cs[at]indifi[dot]com (for existing customers)
Postal address – Plot # 120 First Floor, Industrial Area, Sector 44, Gurgaon 122002
For any grievances that may be faced by the customers pertaining to any products of Indifi, they can contact the Relationship Manager or the Customer Service Officer at the following email id – grievances[at]indifi[dot]com
Customers will have to mention the loan id or the ticket id provided at the time of availing the loan or raising the complaint respectively.
1. Are the business loans of Indifi secured or unsecured loans?
The business loans provided by Indifi are generally unsecured in nature and do not require any collateral or security against the loans.
2. Is Indifi an NBFC?
Indifi partners with Banks like Yes Bank, RBL Bank and IDFC Bank as well as NBFCs like Edelweiss, IndiaInfoline, Capital First and Aditya Birla Finance. Indifi procures data from the various businesses and credit profiles of the applicant and then connects them with the most relevant lending partners.
3. What is the interest rate offered by Indifi on its business loans?
Indifi offers business loans starting from 18% per annum depending on various factors like credit profile of the borrower, amount of loan, tenure of loan, etc.
4. What is the maximum amount of loan available under the bill discounting option of Indifi Business Loans?
The maximum amount of business loan that can be availed under bill discounting scheme is Rs. 1,00,00,000 or up to 200% of the value of the invoice whichever is lower.
5. What is the loan tenure for overdraft facilities?
Indifi provides a one time approval for usage of funds under the overdraft facility for a maximum period of 12 months which can be further renewed upon request from the borrower.