Facebook is a photo, video sharing, and business platform lots of people are using Facebook for entertainment only. But now Facebook started to provide loans for businesses. yes, Facebook has launched the Small Business Loans Initiative to Gives loans up to Rs 50 lakh. For Provide Loan Facebook doing partnership with Indifi.
Facebook Loan Up to Rs 50 Lakh Loan For Bussines
The loan is provided by the Indifi company on behalf of Facebook. With it, you can get a loan of Rs 2 lakh to 50 lakh. The main condition for getting a loan from Facebook is that “you must be connected to any app related to Meta or Facebook for at least last 6 months and must advertise your business on FB with Facebook ads.”
Small Business Loans Initiative
- Loans from 2 Lakhs to 50 Lakhs
- Repayment period 12-36 months
- No processing fee
- No collateral required
- Quick & Simple
- Flexible & Transparent
- 17-20% p.a. Best-in-class rates
Documents Required
- KYC of business & all promoter
- PAN card
- one of the four National IDs (Aadhaar, DL, Passport, Voter ID
- 6-month bank statement of business-related accounts
- Ownership proof
- for loans above 10 Lakhs Provide Last year’s full ITR of the business.
How To Apply Online For Facebook Loans?
- You will need to apply for a Facebook loan online then first you have to go to the Facebook Small Business Loans Initiative page.
- When you click on Apply Now button, a form will open in this form you have to give asking personal information related to your business.
- You have filled all the requested information and submitted it.
- If you are eligible for a loan, the company will contact you.
- Within 2 working days of your Loan application submission, you get the final decision on your application from the company.
- If the Loan was Approved then next 3 working days you get the loan amount.
This is all information about the Facebook Small Business Loans Initiative program. if you have any questions then visit the official FAQ page. keep sharing this information with new startups and businesses.
