Congratulations! You have finally achieved your dream of owning or running your own business and are doing reasonably well. Now that your business venture is off to a good start, are you ready to take that leap of faith and take it to the next level? If lack of capital is the only hindrance in your otherwise robust business expansion plan, fret not. With Finserv MARKETS, you can easily apply for a business expansion loan and get the amount disbursed to your account within just 24 hours! Mentioned below is a step by step guide on how to avail the business expansion loan facility.
1. Know Your Eligibility
You have to fulfil certain eligibility criteria such as age and the number of years you have been running your business in order to qualify for a business expansion loan. You can check our Bajaj Finserv Business Loan Eligibility Calculator to calculate the loan amount that you are eligible for. You will also be required to submit certain documents like Aadhar Card/Passport/Driving License, PAN Card, etc. for completing the procedure.
2. Interest Rates and Charges
People get apprehensive when it comes to business loan interest rates and charges. However, with a business expansion loan from Finserv MARKETS, you can review business loan interest rates online, before making a financial decision. Based on factors such as your credit score, time in business, monthly revenue and collateral provided, you can calculate your business loan interests on your required loan amount instantly.
3. Calculate your EMI
Now that you have an idea on the amount of loan that you are eligible for, the next step should be to chart out a plan for repayment of the same in the form of monthly EMIs. You can take the help of a Business Loan EMI calculator by Finserv MARKETS to calculate the monthly outflow of your EMI amount. All you must do is submit the details pertaining to your business expansion loan amount, the rate of interest, the loan tenure, etc. and your monthly EMIs would be calculated in just a click. Make sure that you also consider charges such as processing fees, foreclosure charges, annual maintenance charges, and other fees, before applying for a business expansion loan. The EMI calculator can prove extremely helpful in planning your finances and estimating your overall budget during the loan repayment tenure.
4. Apply Online
After knowing your loan eligibility criteria and having a clear idea about the interest rates and charges, you can proceed to apply online for business expansion loan. You do not have to go through the hassles of physically visiting the office for a loan or feel the need of having a mediator. You can directly apply online for a business expansion loan and also enjoy various benefits with it. If you qualify all the eligibility criteria, your loan would be approved within 3 minutes of online application and disbursed into your account within 24 hours.
For custom made Bajaj Finserv Business Loan with flexible repayment tenures and access to your personalized financial reports, visit Finserv MARKETS now!
“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!”