Get Bajaj Finserv Business Loan

In need of quick funds for an enterprise - Get started with Bajaj Finserv Business Loan

✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now!

18 Nov 2020
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To grow your business, you are required to invest in the expenses of growth, like purchasing equipment, advertising, and property expansion. However, managing all those costs and at the same time running your business can be tricky. Almost every company faces financial shortcomings at some point; the solution for such a situation is taking a business loan. To get the best deal on loans, you need to find the right lender who can offer you a loan based on your business requirements. While taking on debt can seem like a scary decision, getting a Bajaj Business loan can help you in financing your business.

Business Loan Eligibility Criteria

To avail a business loan, you need to fulfil the Bajaj business loan eligibility criteria set by the lender.

  • You must be an Indian citizen to be eligible for a loan.
  • Self-employed individuals between the ages of 26 - 66 years are eligible to apply for a loan.
  • Your business must be of at least 3 years in the current business and at least 5 years’ business experience on the whole.
  • The Income Tax Return (ITR) must be Rs.1.5 Lakhs per annum.
  • Business units such as partnerships, private limited companies and limited liability partnerships are eligible for the loan.

Documents Required for Business Loan

The following are the list of documents required for a loan for business.

  • Identity Proof such as Aadhaar, PAN Card, Passport, Voter’s ID Card, etc.
  • Residential Address Proof such as Aadhaar, Passport, Driving license, Voter's ID, etc.
  • Last 6 months Current Account Bank Statement
  • Bank account statements of the last 6 months
  • ITR form along with certified copies of income computation, balance sheet, Profit and Loss statement for the previous 2 years.
  • Sole Proprietorship Declaration form or a copy of Partnership Deed
  • Certified copy of Memorandum and Articles of Association

No Collateral Required

By applying for a Bajaj Finserv Business Loan, you can get the financing you need without pledging any collateral. This way, the customers are free of committing any of their valuable assets as security. MSMEs in India can use the loan funds to set up the business or even for the expansion of the same. Ideally, financial institutions such as banks and NBFCs offer collateral-free loans to MSMEs. Such loans bring significant relief for a lot of businesses and MSMEs, who require working capital and cash flow.

Hassle-free Loan Process

Unsecured business loans are usually approved in under 24 hours of submitting the loan application. Business loans have easy eligibility criteria, it may vary from one lender to another, but the process for loans is quite similar. Business loans can be applied with the minimal documentation process. These exclusive features make Bajaj Finance Business Loan one of the ideal business loan providers for the hassle-free loan process and quick loan disbursal.

Large Capital Financing

If your business requires massive funding, you need to apply with lenders that offer high loan amounts. Many banks and NBFCs provide significant loan amounts for MSMEs. Bajaj Finserv Business Loan offers collateral-free business loans of up to Rs. 30 Lakhs to fulfil your business needs. The loan funds can be used for purchasing new equipment or machinery, property, purchasing raw materials or inventory, etc.

Nominal Interest Rates

Most banks and NBFCs offer loans for business at competitive interest rates. SME businesses can avail these loans at attractive interest rates, nominal processing fee and absolutely no hidden charges applicable. The interest on the loan depends on factors like the type of business, the loan amount applied for and your relationship with the financial institution. At Finserv MARKETS the rate of interest on business loans is 14% -17% p.a. with a minimum processing fee of 2% on business loans.

Flexi Loan Facility

A Flexi Loan facility requires you to pay interest on the amount that has been used. You get incredible flexibility and affordability as you don’t spend excess amounts paying interest rates on the unused money. With a Flexi Loan, you are allowed to withdraw money when you need it. With a Hybrid Flexi personal loan you can pay the EMI only on the amount utilized. Even if the loan amount is high you will not be charged with a high-interest rate on the loan; you only pay for what you use. The loan amount can be withdrawn when it is required, without putting a limit on the number of transactions made. This way, you can meet all of your cash requirements without any formalities or procedures. You can also pre-pay the loan amount whenever you wish to at no extra charges.

Many new small and medium industries, with several rising industries, there’s a need for business finance as well. Finserv MARKETS understands this and offers business loans at attractive rates to MSMEs to help them reach their full potential. You can easily apply for a business loan online with the Finserv MARKETS app and get pre-approved offers for an instant loan at Finserv MARKETS. Bajaj Finserv Business Loan is collateral-free, and all business finance offers are designed to help the small businesses reach new heights. They are offering a high loan amount of up to Rs. 30 Lakhs, the loan disbursement process is quicker and gets disbursed within a few working days after approval. With flexible loan repayment tenure, the amount can be repaid quickly through easy monthly instalments..

“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.”