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How about checking some pre-approved offers you might be eligible for?

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How about checking some pre-approved offers you might be eligible for?

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Commercial Loan

Commercial Loans can come really handy if you are just starting a new business or thinking of the expansion of an existing one. No matter whatever your requirements are, be it financing your supply chain or obtaining new equipment to accelerate your business, today you can avail a business loan with or without any securities that too with the minimal documentation process. While different lenders might have a variety of profiles that they cater to for business loans, here is all the information you will need to have before applying for a commercial loan. But before we move on to that bit, let us look at some benefits of commercial loans.

Features and Benefits for Commercial Loan

With commercial loans like Bajaj Finserv Commercial Loans available on Finserv MARKETS, you can boost your business with up to Rs.30 lakhs of instant funding. Since professionals might need business loans in any situation, you can now avail business loans without any securities or collaterals. What’s more, you can also get a pre-approved offer for your profile, with the Bajaj Finserv Commercial Loan. All you need to do is to just complete a one-step e-verification.

If you are looking for a trustworthy credit line/supply, you can opt for the Bajaj Finserv Commercial Loan which comes with a flexi Loan feature. With this feature, you can reduce your EMIs by up to 45%. How does that happen? Suppose you took a business loan for purchasing some new equipment. You needed ten lakhs at that point, but ten months down the line, you need to secure another five lacs to repair that equipment. If you have sanctioned a loan of Rs. 25 lakhs, you can just borrow as much money as you need, whenever you need it and you pay interest only on what you borrow. Moreover, with an easy to use online dashboard, you can be in total control of your financial decisions.

Documents Required for Commercial Loan

You need a few simple documents in order to avail Bajaj Finserv Commercial Loan. Here they are:

  • Identity Proof:

These are your common ID proof documents that work at most places in India. For example, a valid Passport, your Aadhaar, Driving License, and so on.

  • Address Proof:

Other than KYC documents, passport, an electricity bill, ration card, telephone bill, trade license, or even a certificate of trade license can serve as an address proof. However, you can also use other government-issued documents that serve as address proof.

  • Financial Documents:

These can be your Income Tax Return for the last financial year, or your bank account statement for the last year, or even a profit and loss balance sheet for the last two years that has been audited by a certified CA.

  • Proof of Business Ownership:

These can vary depending on your profile.

  • For self-employed professionals, these can be your registration documents, your municipal tax receipts or your electricity bill for example.

  • For self-employed non-professionals, these can be your registration documents, individual identity proof, IT Returns, at least 6 months of bank statements of the owner, statement of creditor/book debt/periodic stock, GST return, and so on.

  • For other entities, these vary depending on the situation. These are, Partnership agreement in case of partnership firms and Certificate of Commencement/Article and Memorandum of Association for Private Limited companies. Other supporting documents for these concerns include returns of Income Tax, Goods and Services Tax, registration certificate under the Shops and Establishment Act and so on. Besides, partners and directors also need to submit individual proofs of identity.

Eligibility of Commercial Loan

Lenders serve various profiles for commercial loans, especially because of the attractive commercial loan interest rates. In order to avail Bajaj Finserv Commercial Loan available on Finserv MARKETS, you need to check the following three eligibility criteria:

  • You must be between 25 and 55 years old

  • You must be running a business for the last three years

  • You must have filed your tax returns for at least the last one year

Commercial Loan Interest Rate and Charges

With the Bajaj Finserv Commercial Loan, interest rates start at as low as 18% per annum. Thus you would be focusing more on those business decisions that deserve your attention more than the logistics around them. With the flexi loan feature, you can even build yourself a reliable line of credit, with just 0.25% of the withdrawable amount and some nominal taxes. With low business loan interest rates, you can now expand your business to a whole new level that your competitors are wishing for.

How to Apply for Commercial Loans

Applying for the Bajaj Finserv Commercial Loan is almost as simple as creating an email account. Once you have checked all the pointers against the eligibility criteria, you can either fill your contact details on Finserv MARKETS and opt for one of the pre-approved offers or just go ahead and complete your application online.

With a fast-track application process that is completely online, the duration between your loan approval and disbursal is now almost negligible. Alternatively, you can also SMS ‘BL’ to 9773633633 to receive a call that will update you with a pre-approved offer within minutes.

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!