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 Finserv 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.
Flexi loan facility: The flexi loan facility lets one withdraw and repay funds as per the needs and the requirements of the firm. Bajaj Finance offers a unique Flexi loan facility for such loans. If one avails of such a facility, all that they will need to do is pay the EMIs only on the amount that has been utilized and eventually save up to 45% on loan EMIs.
Avail a high loan amount: You can avail business loans of up to ₹75 Lakhs. This loan amount can be used to fund all of one’s business requirements at their 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 typically within 24 hours once approved.
Minimal documentation: Business loans at Finserv MARKETS require minimal documentation, making it quite convenient for the applicant to apply for a loan.
Quick processing: Bajaj Finance business loan comes with quick loan approval, which happens in as less as 2 mins.
Flexible tenures: Loan repayment tenures for business loans are flexible in nature. The repayment tenure at Finserv MARKETS stays within the range of 12-60 months so that the repayment of the loan is deemed to be a manageable endeavor.
Exclusive offers: One can also avail of special offers on their business loans for service enterprises on the basis of the annual turnover of their business. One will also get a complimentary financial fitness report along with a customized insurance plan that will protect their business loan liability. However, it must be noted that the latter will have to be purchased.
No collateral requirement: Bajaj Finance Business Loans can be availed without pledging any collateral or guarantors. This helps the borrower to avail of a loan with ease.
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
The documents required for a business loan are as follows:
Aadhaar Card/Passport/Driving License
To apply for a Bajaj FinanceBusiness Loan, one will need to follow the steps below:
Online Form Filling: The online application process makes it easier for anyone to apply for a loan for their business. One will simply need to fill in their personal and employment details in order to get started with the process.
Specify Loan Details: One will also need to provide their loan details specifically, such as the likes of the amount that one will need for their business and its repayment tenure.
Approval and Disbursal: With a loan approval in 2 minutes, one can expect their money to be credited into their bank account within 24 hours.
Business loans at Finserv 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.