Fundstiger Business Loan, Eligibility criteria, documents required, Fundstiger business loan types, How to Apply?
We often hear that small businesses die due to a lack of capital or they struggle to get the fund. The fund is required when you start a business or when you need to expand your established business.
In the series of business loans today we are here with another loan platform that will help you in getting the loan sanctioned. We are talking about Fundstiger.
It does not provide loans, but it is a platform that helps borrowers to get various options of lenders. the borrower can choose the lender based on their requirement.
| Loan Amount | Up to Rs. 5 Crore |
| Loan Tenure | Up to 5 years |
| Interest Rate | From 9% to 29% |
| Processing Fee | 2% of the loan amount (subjected to vary) |
Contents
Features & Benefits of Fundstiger Business Loan
- It offers the business loan from Rs. 50000 to Rs. 50 lakh.
- The loan repayment term is from 3 months to 3 years.
- It offers short and medium term loans for businesses.
- The loan application process is online.
- It provides multiple lender option to choose from.
- It has a dedicated customer support team for any queries.
Eligibility Criteria & Required Documents for Fundstiger Business Loan
- Business should be more than 1 year old.
- Business must have operating Current Account or OD/CC.
- Income Tax returns statement of last 2 Years
- Last 2 years audit reports and audited Financials including those of associate companies if applicable ( Your debtors and creditors list with transaction details is must)
- Last 12 months bank statements
- Certificate or registration of Business– for private limited companies
- Partnership deed for LLPs, MoA (Memorandum of Association) / AoA (Articles of Association) for Private Ltd companies
- Certificate of Registration for sole proprietors or Single Person Company
- Residence / Office Ownership Proof
- Aadhar Card for Directors, Promoters, Applicants
- Address Proof and Identity Proof (Passport, Voter ID, PAN Card, Driving License, Aadhar Card)
- Utility Bills for Telephone / Electricity / Internet
- Company and Directors PAN Numbers
- Cash flow statements and cash flow projections for more than 1 Crore loans.
- Equipment or Machinery Invoices or Performa invoices or Quotations for Equipment financing from vendors.
Types of Fundstiger Business Loans
Fundstiger provides various types of loans based on customer requirements. you can find the loans mentioned below.
Fundstiger Working Capital Business Loans
| Type of Loan | Features/Descriptions |
|---|---|
| Fundstiger Working Capital Loans | This loan is suitable for managing unexpected expenses in short term. |
| Features | This business loan is ideal for businesses that are over 1 year old and have an annual income of over Rs 50 lakhs. You can borrow against future cash flows and invoices to credit-worthy counterparties. Fundstiger can fund up to 90% of the invoices generated. |
| Loan Amount | Rs. 50000 to Rs. 10 Lakhs |
| Loan Tenure | 3 months to 12 months |
| Interest Rate | 17% |
| Loan Repayment | Weekly repayment, deducted directly from your business account. |
| Loan Disbursal duration | Get the money in your business account within 7 business days |
Fundstiger Short Term Business Loans
| Loan Type | Features/Descriptions |
|---|---|
| Fundstiger Short Term Business Loans | This is suitable for managing one-time business needs and capacity requirements like managing seasonal inventory, Staff hiring, buying an asset like property. |
| Features | It is good Ideal for businesses that are over one year old and have an annual income of over Rs 50 lakhs. The loan can be unsecured and secured. To get better rates you can get a loan against specific assets (secured loan). A guarantee from the Directors may be required. |
| Loan Amount | Rs. 50000 to Rs. 20 lakhs |
| Loan Tenure | 3 months to 12 months |
| Interest Rate | The average rate of 20% (depending on the purpose of the loan and security offered). |
| Loan disbursal duration | Get the money in your business account within 7 business days |
| Loan Repayment | Weekly repayment, deducted directly from your business account |
Fundstiger Medium Term Business Loan
| Loan Type | Features/Descriptions |
|---|---|
| Fundstiger Medium-Term Business Loan | It is perfect for managing capacity requirements, buying an asset, purchasing a commercial property, corporate acquisition, and managing growth. |
| Features | This loan is good for businesses that are over 2 years old and have an annual income of over Rs 1 crore. This is a secured loan. It Can be unsecured in exceptional cases. A guarantee from the Directors may be required. |
| Loan Amount | From Rs. 2 Lakhs to Rs. 50 Lakhs |
| Loan Tenure | 1 year to 3 years |
| Interest Rate | 18 % on average (depending on the purpose of the loan and security offered). |
| Loan disbursal duration | Get the money in your business account within 12 business days |
| Loan Repayment | Weekly repayment, deducted directly from your business account. |
How to Apply For Business Loan at Fundstiger?
- Visit Fundstiger official website and fill the required details like Loan Amount, loan purpose, business details etc and click on the Submit button.
- The fundstiger platform algorithm will review the details entered and will show you a instant initial details like your loan amount or credit details etc.
- Once an initial assessment is instantly, it will be then reviewed by the fundstiger platform manually and based on your requirement it will structure the loan and will share it with you within 2 business days.
- Once you accept the terms and conditions after reading and understanding carefully, you will get the funds directly into your business accounts.
- The process may take 7 business days to complete.
Fundstiger Interest Rate, Fees & Charges
| Interest Rate | Loan Against Property = starting from 9.6% Working Capital Loan/CC/OD = starting from 10% Unsecured Business Loan = starting from 16% |
| Processing Fee | 2% of the loan amount (Can Vary) |
| Service Tax | 15% on the processing Fee (Can vary) |
| Stamp Duty or other charges by Lending Institution | Rs. 1000 (subjected to vary) |
How to Track Your Fundstiger Business Loan Application Status?
You can create Fundstiger free account and log in to check your business loan status in real-time.
Moreover, you can call Fundstiger customer care number 91 7686 999 111, provide your loan reference number to the executive, and know your loan application status within minutes.
Is Fundstiger Safe and Legit?
Yes, It is a completely safe and genuine platform for getting loans. It is in partnership with various banks and NBFCs to offer you the best rates.
It also provides you with a dedicated Relationship Manager to guide you from Start till Loan Disbursement. this will make the borrower task easy and also help to clear any doubts instantly.
It offers high-level security to make sure that all the transaction and personal details remain safe and secure throughout the process.
It has more than 50+ genuine lending partners through which fundstiger offers loans.
Fundstiger Customer Care Details
| Fundstiger customer care number | 91 7686 999 111 |
| Fundstiger customer care email ID | Info@FundsTiger.com |
| Fundstiger registered address | Gatimaan Finance Advisors Pvt Ltd (www.FundsTiger.com ) 1052, Sobha Dahlia, Sarjapur Outer Ring Road, Bellandur Bangalore India 560103 |
| Fundstiger Operating address | Gatimaan Finance Advisors Pvt Ltd (www.FundsTiger.com ) 141, 2nd Floor (Above My Baby Store ) HSR Layout Sector 5, on ORR Bangalore 560103 |
Conclusion
In this article, we have discussed Fundstiger Business Loan | How to Apply a Business Loan With Fundstiger? I hope the information will be useful.
Fundstiger offers various types of loans for the customer through its partners. make sure you check the fee & charges at fundstiger as well as with the banks carefully.
It also provides a secured loan in case you have assets to put as collateral. You will get less interest rate.
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FAQs
Fundstiger customer care number = 91 7686 999 111
You can get the funds in your account in 7 business days.
The Minimum and Maximum Repayment Period Ranges from 12 months to 120 months.
No, Fundstiger is a marketplace where borrower and lender meets. It provides loans through its partners.
