For the Indian entrepreneur, there has never been a better time to launch and get started with a business of their own. This is why in a survey by Randstad Workmonitor, the Indian workforce that aspires to be an ‘entrepreneur’ was recorded to be a whopping 83%.
There are 75 million small businesses and SMEs across the country. It is estimated that this number will cross 105 million by 2024. With progress taking place at this fast pace, business owners increasingly require reliable short-term financing.
This need is being met efficiently for business owners through short-term business loans. Without the hassles and long-term commitments of conventional business loans, these instant short-term loans provide finance quickly and conveniently.
Read on to know more about short-term business loans offered on Bajaj Markets.
Kickstarting and running a business comes with its own exhaustive list of functions and objectives. But some business requirements are more urgent or short-term than others. Conventional business loans often require a long application and disbursal time, making them unsuited to meet such immediate goals.
This is where a short-term business loan comes in. By definition, short-term business loans are customised to meet short-term business plans. They achieve this by offering pre-defined short terms, easy access to funds, and fast processing of loan applications.
As a business owner with frequent requirements for immediate financing, short-term finance loans can go a long way in helping you meet your goals. Here is how you can benefit from availing short-term business loan:
Short-term loans have flexible tenures, allowing you to maintain optimal interest outgo.
Instant short-term loans can help you tap into opportunities that improve cash flow.
The short-term loan period flexibility helps fuel expansions without cutting into profits.
You can enjoy these benefits of a short-term business loan when you choose the right loan product provided by a credible lender. To that end, the Business Loans available on the Bajaj Markets platform might be the right option for you.
Here are all the features and benefits that make it a popular choice among business owners around the country:
Accessing short-term financing solutions is instant on the Bajaj Markets platform. The convenience of the platform allows your loan application to be approved in a few minutes and the disbursal to take place either on the same day or within a few days.
The documents required for a business loan are minimal, making short-term loans easy to avail.
Choose a flexible short-term loan period from 12 to 72 months for loans on Bajaj Markets.
You require no collateral to get business loans from leading lenders, making the process easy. Whether it be a financial emergency or plans of expansion, all your immediate business needs can be easily met with a short-term business loan. In particular, the business loans available on the Bajaj Markets platform are ideal products to help you fulfil any business objective.
To be eligible for short-term loans for business, you need to be an Indian citizen between the age of 25 and 65 years. You must be self-employed with a minimum business vintage of 3 years. Also, you must have a Credit score of 685 or above.
You also need to submit some necessary documents, including your KYC documents, documents to prove your business ownership and some financial documents.
Yes, you can easily apply for short-term loans online by visiting the official Bajaj Markets platform.
Short-term business loan rates with Bajaj Finance start at 18% per annum on Bajaj Markets.
On Bajaj Markets, the short-term loan period for repayment ranges between 9 months and 72 months.