Business Loan for Service Enterprise

To ensure the growth and expansion of your business, you require a good amount of funding. Whether it is the working capital requirement for big orders or setting up new machinery for faster production, it is an indisputable fact that you will need money for it all. To finance your business, you might even require financial assistance that can be fulfilled with the help of an enterprise loan. At Bajaj Markets, we understand your needs; you can find a range of customized solutions that could fit you best. Bajaj Finance Business Loan for service enterprises is, by design, a collateral-free loan that is given to small businesses for the purpose of reaching new heights. What’s more, the entire loan application process is an online, hassle-free and a customisable one.

1. Eligibility Criteria 

To avail a business loan, one will need to fulfill the essential loan eligibility criteria. The eligibility criteria for business loans for enterprises in the service sector 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 25 to 65 years of age in order to be able to apply for a business loan

• The individual must at least have a business vintage of 3 years

2. Documents Required

The documents required for a business loan are as follows:

• Aadhaar Card/Passport/Driving License

• PAN Card

Business loans at Bajaj Markets are collateral-free, which means that you do not have to put your personal or business assets on the line to get the required finance. Bajaj Financebusiness loans are offered at attractive interest rates. You can also apply for a loan online and get pre-approved offers for an instant loan without furnishing any security. The loan amount can be used to undertake various business operations, such as an expansion of your business, acquiring other companies and buying high-value machinery or equipment, among others.