Facebook also gives loans to people. Facebook, in association with Indifi, provides loans up to Rs 50 lakh to small businesses. For this neither processing fee is charged nor any guarantee.
New Delhi. Most of us use Facebook to share our photos, videos and thoughts. But do you know that you can also take a loan to increase your business from Facebook? Yes, you can take a loan up to Rs 50 lakh from Facebook without any guarantee.
Facebook has launched the Small Business Loans Initiative. For this, it has partnered with Indifi. Earlier Facebook started the loan service only in 200 cities and now it has been extended to 329 cities. No processing fee is also charged for availing the loan. You have to apply online for the loan.
How much do you get loan
Facebook or Meta does not give the loan itself, but the loan is given by the Indifi company. With this, you can get a loan from Rs 2 lakh to Rs 50 lakh. You do not need to mortgage anything for the loan. 17 to 20 percent annual interest will have to be paid on the loan. Women entrepreneurs will get a discount of 0.2% on the interest rate. Once your loan is approved, you will get the confirmation in just one day. Rest of the documents will be done within 3 days only.
Who can take loan
Facebook has put two conditions for this loan. The first is that the business of the person applying for this loan should be in the Indian city with his service network. The second condition is that you have been connected to any app related to Meta or Facebook for at least the last 6 months and are advertising your business. Under this program, only small entrepreneurs will get the loan.
Apply like this
You have to apply online for the loan. For this, you have to go to the Facebook Small Business Loans Initiative page. When you click on Apply Now, a form will open in front of you. On this you will have to give some more personal information regarding your business. It has to be submitted by filling the requested information. If you are considered eligible for the loan, the company will contact you.
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