BizFinn is a business loan aggregator that provides working capital financing to small and medium businesses (SMBs) in India. We offer a variety of financing solutions, including short-term loans, revolving credit lines, invoice discounting, and export financing.
There are many benefits to using BizFinn for your business loan needs. Here are just a few:
Expert guidance and support: Our team of experts is here to help you every step of the way, from finding the right loan to getting approved.
To be eligible for a BizFinn business loan, you must:
The interest rate on BizFinn loans depends on the type of loan, the loan amount, the repayment term, and the borrower's credit score. We typically offer competitive interest rates. For secured loans, our interest rates start from 9.5% annually. For unsecured loans, rates starts from 16% annually. These are rough estimates and your actual interest rates may depend on many factors – credit score, business financials etc
The application process for BizFinn loans is simple and straightforward. You can apply online. We will require you to provide some information about your business and your financial situation.
We typically approve loans within 48 hours*. However, the approval process may take longer depending on the complexity of your application.
There is no maximum loan amount for a short-term loan. It depends on the borrower’s business profile . We have done short-term loans ranging from 10 lakhs to 5 Cr+
The repayment term for a short-term loan is typically 6-24 months.
The maximum credit limit for a revolving credit line is ₹5Cr.
You are only charged interest on the outstanding balance of your revolving credit line.
The discount rate for invoice discounting depends on the creditworthiness of your customers and the terms of your invoices.
The minimum invoice amount for invoice discounting is ₹1 lakh.
Export financing is available for a variety of export transactions, including pre-shipment financing, post-shipment financing, and export factoring. At BizFinn, we provide post-shipment financing only currently.
The requirements for export financing vary depending on the type of financing and the value of the transaction. However, you will typically need to provide documentation of your export contract, your customer's creditworthiness, and your own financial position.
A bank loan is a loan from a traditional bank, while an NBFC loan is a loan from a non-banking financial company (NBFC). NBFCs are typically more flexible than banks in their lending criteria, but they may also charge higher interest rates.
Creditworthiness is a measure of your ability to repay a loan. It is based on factors such as your credit score, your income, and your debt-to-income ratio.
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