Marchant Loans
Access additional funds swiftly and effortlessly for your business with loans against EDC swipes. This innovative funding option leverages debit/credit card receivables to provide extra cash, fuelling business growth. Our streamlined process and flexible terms cater to diverse enterprises, with simplified eligibility criteria. No collateral is required, ensuring a hassle-free application process. Experience convenience and speed with Finxprt's merchant loan solutions to unlock your business's full potential. Contact us now and ignite your growth.
Interest Rate Starting at 12.99% P. A.*
Merchant Loans: Boost Your Business with Flexible Funding Solutions
Welcome to Finxprt®, where we understand the importance of uninterrupted cash flow for your business growth. We are proud to introduce our exclusive offering – Merchant Loan Solutions. Designed specifically for merchants like you, merchant loans provide the financial support you need to expand, diversify, and thrive in today's competitive market.
What is a Merchant Loan?
A Merchant Loan is a hassle-free financial product that allows businesses to secure funds based on their credit and debit card sales. It is an ideal solution for small and medium-sized enterprises (SMEs) seeking immediate capital without the burden of lengthy approval processes and collateral requirements.
Features of Merchant Loans
Quick Approval: Our streamlined process ensures faster approval, so you can access funds when you need them most.
No Collateral Required: Say goodbye to the hassle of providing collateral, as our merchant loans are unsecured.
Flexible Repayment Options: We provide flexible repayment options, enabling you to select a plan that aligns with your business's cash flow.
Competitive Interest Rates: Merchant loans come with attractive interest rates, ensuring affordability and value for your business.
Customized Loan Amounts: Get the financing you need, tailored to the unique requirements of your business.
​
Benefits of Merchant Loans
Business Expansion: Use the funds to expand your business operations, open new branches, or upgrade your infrastructure.
Working Capital: Maintain a healthy cash flow to cover day-to-day operational expenses, inventory management, and supplier payments.
Marketing and Advertising: Invest in marketing campaigns and promotions to reach a wider audience and increase sales.
Equipment Purchase: Upgrade or purchase new machinery, equipment, or technology to enhance productivity and efficiency.
Seasonal Support: Overcome seasonal fluctuations and ensure a steady revenue stream with our flexible loan options.
​
Uses and Flexibility
Merchant loans can be utilized for various business needs, such as:
-
Purchasing inventory or raw materials
-
Hiring and training new employees
-
Renovating or expanding your business premises
-
Consolidating high-interest debts
-
Implementing technology upgrades
Eligibility Criteria
To be eligible for a merchant loan, you should meet the following criteria:
-
Minimum age of 21 years
-
Indian citizenship or residency
-
Business vintage of at least 12 months
-
Minimum monthly credit and debit card sales
Documentation
The documentation required for applying for a merchant loan is simple and straightforward:
-
KYC documents (Aadhaar card, PAN card, and address proof)
-
Bank statements for the past 12 months
-
Business registration documents (if applicable)
-
Ownership proof of the business premises (if applicable)
Types of Merchant Loans
Point of Sale (POS) Loans: These loans are based on your daily credit and debit card sales through the POS machine.
E-commerce Loans: Designed for online businesses, these loans consider your digital sales through various e-commerce platforms.
Mobile Wallet Loans: If you primarily accept payments through mobile wallets, this loan type provides funding based on your mobile wallet transactions.
​
Loan Duration and Disbursal
Merchant loans come with flexible loan durations ranging from 3 months to 24 months, allowing you to choose a repayment term that suits your business cycle. Once your loan is approved, the funds are disbursed directly into your business bank account within a short timeframe.
How to Apply for a Merchant Loan
At Finxprt®, applying for a personal loan is a seamless and straightforward process:
-
Simply visit our website or contact our dedicated customer service team for assistance.
-
Complete the application form by providing your business and personal information.
-
Submit the required documents electronically.
-
Our team of experienced professionals will carefully assess your application and promptly contact you to offer the required assistance and guidance.
Conclusion
Don't let financial constraints hinder your business aspirations. With Merchant Loans, you can unlock the potential of your business and achieve new heights of success. Experience the convenience, flexibility, and efficiency of our funding solutions today.
​
Apply now with Finxprt® and take your business to the next level with Merchant Loans!
Frequently Asked Questions (FAQs) about Merchant Loans:
1. What are merchant loans?
Merchant loans, also known as business loans or commercial loans, are financial products designed specifically for businesses. These loans provide capital to merchants or business owners to support their operations, fund expansion plans, manage cash flow, or make investments.
2. Are merchant loans available in India?
Yes, merchant loans are available in India. Various financial institutions, banks, and online lenders offer merchant loan products tailored to the needs of Indian businesses.
3. Who can apply for a merchant loan?
Business owners, including sole proprietors, partnerships, private limited companies, and limited liability partnerships, can apply for merchant loans. Eligibility criteria may vary from one lender to another.
4. What documents are required to apply for a merchant loan?
The documentation requirements for merchant loans may vary depending on the lender. However, common documents typically required for a merchant loan application include proof of identity, proof of address, business registration documents, financial statements, bank statements, and tax returns.
5. How much funding can I get through a merchant loan?
The funding amount for merchant loans can vary based on factors such as the business's financial health, creditworthiness, repayment capacity, and the lender's policies. Generally, lenders offer loan amounts ranging from a few lakhs to crores of rupees.
6. What is the interest rate for merchant loans?
The interest rate for merchant loans is influenced by various factors, such as the borrower's credit profile, loan amount, repayment tenure, and prevailing market conditions. To make an informed decision, it is recommended to compare interest rates offered by different lenders and select the one that aligns with your financial requirements.
7. How long is the repayment period for merchant loans?
The repayment period for merchant loans varies depending on the lender and the loan amount. The repayment period for a merchant loan can vary significantly, spanning from a few months to several years. It's essential to discuss the repayment terms and choose a tenure that aligns with your business's cash flow and financial goals.
8. Can I prepay or foreclose a merchant loan?
Yes, many lenders allow borrowers to prepay or foreclose their merchant loans. However, prepayment or foreclosure terms may vary among lenders, and certain charges or penalties may apply. It's crucial to review the loan agreement or discuss these options with the lender before making any decisions.
Please note that the above FAQs provide general information about Merchant Loans in India. It is recommended to consult with specific lenders or financial advisors for detailed and personalized advice based on your unique circumstances.
