CIBIL Score plays a significant role when applying for a loan for business at a low rate of interest, even if you do not have ITR to submit. An individual's credit score depicts the creditworthiness and repayment capacity. A CIBIL score is also known as credit score, is a summarised report of an individual's payments of loans taken from banks and other financial institutions. The CIBIL score range for business loans is 300-900. The minimum CIBIL Score for loans is generally 750; the best CIBIL Score for business loans is 900. The CIBIL score information is very crucial, and a good CIBIL score signifies timely payment of all the business loans. A credit score does not change overnight, as it takes a few months to reflect the changes that are generated by credit bureaus from your financial documents provided by your bank to credit bureaus.
Every financial institution has its terms and conditions in regards to a loan for business. Therefore, you need to check and compare the rate of interest, loan repayment tenure, foreclosure charges and loan amount before finalizing on loan. Get a loan at Finserv MARKETS so you can get the financing for your business at an attractive rate of interest. The loan funds can fulfil various business needs, such as an expansion of your business, getting new machinery or equipment, etc. Finserv MARKETS business loans are collateral-free, which means you do not have to put your personal or business assets on the line to get the finance for your business.
Apply for an online business loan and get access to pre-approved offers for an instant loan without security from Finserv MARKETS. The loan application process for Bajaj Finserv Business Loan at Finserv MARKETS is easy with personalized pre-approved offers, instant approvals, and quick disbursal of the loan amount. Get the Finserv MARKETS App and avail access to fast financing for your business. Before availing a business loan, you can check your CIBIL Score and get a detailed Financial Health Check Report (FHCR) for free.
“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.”