To ensure growth and expansion of your business you require a good amount of funding, whether it is working capital for big orders or setting up new machinery for faster production. To finance your business you might require financial assistance that can be fulfilled with the help of an enterprise loan. At Finserv MARKETS we understand your needs and offer a customized solution that is best fit for you. Bajaj Finserv Business Loan for service enterprise is a collateral-free loan which is specially designed to help small businesses reach new heights. The entire loan application process is online, hassle-free, and can be customized according to your needs and requirements.
Flexi loan facility lets you withdraw and repay funds whenever you need as per your firm’s requirements. Bajaj Finserv offers a unique Flexi loan facility on your loan. Pay EMIs only on the amount you have utilized and save up to 45% on your loan EMIs.
You can avail business loan amount of up to Rs.30 Lakh. This loan amount can be used to fund all your business requirements as per your convenience. The loan disbursement process at Finserv MARKETS is really quick and the business loan amount gets credited directly in the borrower’s bank account within 24 hours once approved.
Business loans at Finserv MARKETS require minimal documentation which makes it quite convenient for the applicant to apply for a loan.
Bajaj Finserv personal loan offers quick loan approval, as early as 24 hours and disbursal of loan within 48 hours.
Loan repayment tenures for business loans are flexible. The repayment tenure at Finserv MARKETS ranges from 12 months to 60 months, to suit your repayment capacities.
You can avail special offers on your Business Loans for Service Enterprise based on the annual turnover of your business. You also get a Financial Fitness Report along with a customized insurance plan that will protect your business loan liability.
At Finserv MARKETS you get complete online management of your loan account, so you can access your details with ease. Online access to business loans makes it convenient for everyone to apply for a loan as well as manage your loan account with just a few clicks.
Bajaj Finserv business loan can be availed without pledging any collateral or guarantors. This helps the borrower to avail a loan with ease.
To avail a business loan you need to fulfill the basic loan eligibility criteria. The eligibility criteria for business loans for service enterprise are as follows.
The applicant needs to have Indian citizenship.
A self-employed individual is eligible for a business loan
The applicant needs to be between the ages of 26 - 66 years to be able to apply for a Business Loan
The individual must have at least 3 years of business vintage
The documents required for Business Loan are as follows:
Aadhaar Card/Passport/Driving License
To apply for a Bajaj Finserv Business Loan you need to follow the steps below:
The online application process makes it easier for anyone to apply for a loan for your business. You simply need to fill in your personal and employment details to get started with the process.
You need to provide your loan details specifically like the amount you require for your business and the repayment tenure of the loan.
Our representative will process your loan application within a few hours once you submit it. With loan approval in 3 minutes, you can expect to get the money credited in your bank account within 24 hours.
Quick disbursement of loan makes it easier for a business owner to utilize it for their business. Your loan amount would get disbursed within a few hours after you get done with the final paperwork and sign a contract with us.
To get an estimate of the loan amount that is to be paid every month towards your loan you can take the help of a Business Loan EMI Calculator. This online tool at Finserv MARKETS let you know the exact EMI amount you’re going to pay by taking into account the following 3 factors:
This is the principal amount of loan that you wish to apply for.
Rate of interest:
You can fill your desired rate of interest here
The next input is the loan duration. This is the tenure (year or months) within which you will pay back the borrowed amount
Your CIBIL score plays an important role in availing a loan. Before approving a loan the lender will evaluate your CIBIL and credit report to determine your creditworthiness. Hence it is very important for anyone applying for a loan to have a good credit score. If you are not aware of your score you can check your CIBIL score at Finserv MARKETS for free. Follow the below steps to check your CIBIL score:
To check the CIBIL score you need to visit the official website, click on “check CIBIL score” and fill in the required details.
After filling in your details you will receive an OTP on your registered email ID and mobile number. Verify your identity by confirming the OTP.
Post verification of your identity, you will be able to view your detailed financial health report consisting of your CIBIL score.
Since the CIBIL check is being conducted by Finserv MARKETS so it would be considered as a soft inquiry and won’t reflect on your credit report. Therefore, it will not hurt your credit score in any way.
Business loans at Finserv MARKETS 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. Bajaj Finserv Business Loans offers attractive interest rates on loans. You can simply apply for a loan online and get pre-approved offers for an instant loan without security. The loan amount can be used for undertaking various business operations, such as an expansion of your business, acquisition of other companies, buying high-value and getting new machinery or equipment, etc.