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Business Loan in Nashik

Nestled among the lush green Sahyadri mountains with the Godavari river flowing right through its heart, Nashik is known for its salubrious climate that favours the cultivation of temperate fruits such as grapes. As a result, it is known as the wine capital of India as 90% of the fine wine produced in India comes from Nashik. This has put Nashik on the global business map, resulting in a rapid expansion of business and commerce in the city. If you are a small business owner, there was never a better time to scale up your operations by taking a Small Business Loan in Nashik.

Features and Benefits of Business Loan

Business Loans are popular among small business owners because of the range of great benefits they provide. These include:

  • Loan Amount –

One of the greatest advantages of Business Loans is that they enable access to relatively large amounts of capital for small business owners. For instance, an unsecured Business Loan in Nashik provides you a capital of up to Rs. 75 Lakhs without the need to furnish any guarantee or security.

  • Flexible Repayment Tenures –

Business Loans empower small business owners by allowing for flexible repayment options ranging from 6 months to 60 months.

  • No Collateral Requirements –

Loans are either secured or unsecured. With the former, the borrower pledges an underlying asset or security to the lender as a guarantee for repayment, whereas for the latter, no such guarantee is required. Business Loan is an unsecured loan, thus being convenient for the borrower.

  • Need-based –

You can utilise your Business Loan according to your need, be it buying new equipment, hiring more staff, opening a new office, and so on.

Eligibility Criteria for a Business Loan in Nashik

Banks tend to be selective about who they offer Business Loans to. You must therefore fulfill the minimum eligibility criteria mentioned below to be eligible for a Business Loan:

  • Employment -

A Business Loan is different from a personal loan and is offered only to business entities. You must therefore be a legal business entity, either in the form of a self-employed professional offering services such as a doctor or a lawyer, or you should be a firm/company such as sole proprietorship or a private limited company, etc.

  • Age -

You need to be between 25-65 years of age to be eligible for a Business Loan.

  • Income –

Your income tax return for the latest assessment period should have been at least Rs. 1.5 Lakhs.

  • Experience -

You should have at least 3 years of experience in your present business and a minimum of 5 years of business experience overall.

  • CIBIL Score –

In addition to the above you should have a good credit history in the form of a good CIBIL score.

Documents Required for a Business Loan

All you need to apply for a Business Loan on Finserv MARKETS are copies of the following documents:

  1. Any document certifying the registration of your business. This could include a memorandum of association or a copy of the registration of your sole proprietorship etc.

  2. Copy of the latest income tax return.

  3. Identity and residence proof such as Voter card, Aadhaar card, etc.

  4. A copy of your PAN card.

  5. A copy of your bank statement for the last 6 months.

How to Apply for a Business Loan

Applying for a Business Loan on Finserv MARKETS is quick and simple. Just follow these easy steps:

  1. Visit the Finserv MARKETS Business Loan page https://www.bajajfinservmarkets.in/loans/business-loan.html and click on the Apply Now button after going through the information on the page.

  2. Enter your date of birth and verify your registered mobile number using the OTP feature.

  3. Fill in necessary personal and professional details.

  4. You will now see a list of the best Business Loan providers in Nashik along with their most exciting products and the latest offers, if any, on each product. Check the eligibility criteria for each product and select the one that best suits your needs. Remember, various financial products have different features and products and each is tailored to meet a specific customer requirement.

  5. Once you’ve selected the Business Loan provider and the type of loan, enter the amount of loan you need and the tenure you need it for.

  6. Next, upload copies of all the required KYC documents.

And that's it. You are done. Your application is now sent for verification and processing. Once approved, the loan amount is transferred to your bank account.

Happy Customers of Finserv MARKETS

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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!