Bajaj Finserv Business Loan To Review Your Business

Bajaj Finserv Business Loan To Review Your Business

25 Nov 2020
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The path to run a business has its periods of highs and lows. For firms to stand firm at all times, a smooth financial cashflow is required. Shortage of working capital can disrupt your business operations. Recessions and delayed payments from clients can hamper your business growth and lead to a lack of business cashflow. In such situations, business loans can be an ideal option for you. Apply for a Bajaj finance business loan at avail a high loan amount of up to Rs. 30 Lakhs. Getting a higher loan amount can ensure you meet all your financial requirements with ease. The loan funds can then be used to provide financing for your business.

What is Instant Business Loan?

Instant business loan means the loan is processed quickly, and it will be easier to acquire loan amount. Earlier if a business owner required additional financing for their business, the process for the same would have been long and tiresome. The borrower had to submit loads of documents and pledge collateral in place for the amount of loan borrowed, timely visits to the loan office, a high credit score, etc. However, now all the hassles have been eliminated due to the advancement in technology. You can apply for a business loan and get your loan approved within a short period without going through a tiresome documentation process. Instant loans are an ideal option when you have urgent requirement for funds for your business.

Businesses Eligible for a Bajaj Business Loan

Given below are the businesses that are eligible to avail a business loan.

● Retailers

● Manufacturers

●  Traders

● Sole proprietorship firms

● Self-employed individuals/professionals

● Partnership firms

● Private limited companies

Features of Business Loan

●  No Collateral Required

When getting an unsecured loan for business, you are not required to pledge any assets as collateral. Many banks and lending institutions offer a collateral-free business loan. These loans are outstanding for a small business start-up; it can help you meet your business requirements and grow your business.

● Accessible and Convenient

Lenders offer different loan repayment options to their customers. Some banks and lending institutions provide customized repayment options for their customers based on their business cash flows for smooth loan repayment. At Finserv MARKETS you can avail a loan and repay the same with flexible EMI these instalments can be lower or increased by owners as per the profitability, you also have the option to choose a bullet payment option to repay the loan amount.

● Competitive Interest Rates

When you look for lenders, you need to choose a lender that offers a low-interest rate on loans. Banks and other lending companies provide loans for business at competitive interest rates. Small and medium enterprises in India can avail Bajaj Finserv Business Loan at attractive interest rates, nominal processing fees, with absolutely no hidden charges. Hence, it would be best if you choose your lenders wisely before applying for a loan.

●  Flexibility

Business owners have numerous options for loans in the financial market. At Finserv MARKETS, you can get an overdraft facility and overdraw the current accounts as per the agreed terms and conditions of the business loan. The flexibility makes it easier for borrowers to avail a loan that require funds to revive their business.

●  Repayment Tenure

Business loans are an unsecured type of loans; this means it is given for a shorter period. Generally, the loan tenure for Bajaj Finance Business Loan is between 12 months to 60 months. You can choose the loan tenure between short term and long term loans based on your business requirements.

Eligibility Criteria For Bajaj Business Loan

To be eligible for a business loan, you need to fulfil the essential eligibility criteria. They are as follows:

● To be eligible for a loan, you must be an Indian citizen.

● You must be a self-employed individual to get a loan.

● The applicant must be between the ages of 26  to 66 years.

●  Your business vintage must be of at least three years.

Documents Required for Bajaj Finserv Business Loan

The following are the list of required documents for Bajaj Business Loan.

●  Identity Proof such as Aadhar, PAN Card, Passport, etc.

●  Residential Address Proof such as Rent Agreement, Electricity Bill, Driving License, Voter ID, Passport, etc.

● Last six months Current Account Bank Statement

● GST Registration Certificate

● Shops and Establishment Certificate

Business Loan EMI Calculator

Business loan EMI calculator is a tool that helps in planning your monthly payments, as it gives you a realistic picture of your EMI obligations. This is a useful tool to make sound decisions regarding your business loan amount and repayment tenure. Bajaj Finance Business Loan offer flexible repayment tenures for business loans; you use the calculator to understand how your EMI payments will vary depending on the term you choose. For accurate results, enter an estimate of your annual income, payments for loans, credit card payments, etc.

A business requires sufficient financing for business needs and to further grow and expand. At Finserv MARKETS you can avail a Bajaj Finserv Business Loan for various business operations, such as an expansion of your business, acquisition of other companies, getting new machinery or equipment for your business, etc. Apply for a unsecured business loan of up to Rs. 30 Lakhs at attractive interest rates. To avail a Bajaj Finserv Business Loan you are not required to pledge any collateral as security. Also, you can get access to personalized pre-approved offers and value added services on loans. You also get access to a wide range of lifestyle products at the Finserv MARKETS App.

“Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.”