It’s is a known fact that a business cannot thrive or stay competitive without adequate financial support. Right from its conception/initiation to growth and maturity, capital is required at every step an organization’s journey. While you can definitely consider raising funds from venture capitalists or dig into your business reserves, business loans still remain a popular and convenient option to infuse capital into your business.
A business loan is easy to avail and repay. Let’s take a look into the benefits of business loan:
Simple and easy to avail
You no longer need to hold back on your business idea for months waiting for the desired loan to be sanctioned. Availing a business loan today is quite easy, fast, convenient and hassle-free. All you have to do is, fill in an online application form with your basic personal and business details, along with your loan preferences like amount and repayment tenure.
At Finserv MARKETS, you can expect your loan application to be approved within 3 minutes with money credited to your bank within 24 hours of approval. Moreover, you can access all your loan documents and statements anytime, anywhere through our online customer portal.
Flexible repayment facility
A business might take considerable time to generate revenue. However, while you avail a business loan, you need not worry about paying back the amount in a hurry. Through the various flexible repayment options, you can choose a tenure between 12 to 60 months and repay your loan basis your revenue cycle and convenience. With Finserv MARKETS, you can go one step ahead and avail a hybrid flexi business loan. The best part about a “Hybrid Flexi Business Loan” is its flexi repayment facility. You can repay the loan amount in part payments without any additional charges/fees. You can withdraw as much amount as you need from your loan limit and pay only the interest component as EMIs during the initial period of the loan. You can know more about this loan here at Finserv MARKETS Business Loan.
Collateral Free Financing
While you aim to take your business to new heights, you must ensure that you have adequate capital to support your vision and make it a reality. A high-value loan can help you achieve the same. You can avail a business loan of up to Rs. 25 lakh with Finserv MARKETS at highly competitive interest rates.
A simple illustration to show the benefits of Hybrid Flexi Business Loans from Finserv MARKETS:
Mr. A requires a business loan of INR 10 Lakh for purchasing a new piece of equipment that will help him reduce the overall production costs
Amount Required: INR 10 Lakhs
Interest Rate: Assuming 19% per annum
Tenure: 60 months
The total monthly EMI in a standard plan would be INR 25,545 but with Hybrid Flexi Business Loans, the same would translate a monthly EMI of INR 14,575 with an option to make part payments of the principal based on your convenience. Please be sure to review the terms and conditions and repayment schedule for complete information.
Among the various requisites of a successful business, adequate capital is the most important of all. While you are focusing on other intricate arrangements for your business launch, a business loan can take care of your financial needs. Watch your business flourish with a Bajaj Finserv Business Loan from Finserv MARKETS.
You can also check out business loan schemes for women
“Finserv MARKETS, from the house of Bajaj Finserv is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!”