Get small business loans up to Rs.45 lakh, in just 24 hours. Use the funds to invest in infrastructure, expand operations, upgrade to the latest machinery, maintain inventory, or increase working capital. These customized business loans can give a much-needed boost to help your enterprise scale new heights of profitability.
Bajaj Finserv offers easy and quick business loans up to Rs.45 lakh at low interest rates. Whether your business needs short-term loans, intermediate-term loans or long-term loans, this business loan for SMEs is the perfect financing solution for you.
Withdraw only what you need and repay funds as per your business cash flow at nil prepayment charges. Pay only interest as EMIs for the initial part of the tenor. Interest is charged only on the amount withdrawn, helping you to lower your EMIs by up to 45%.
These unsecured business loans are approved in under 24 hours, come with easy eligibility criteria, and can be applied for with just a few documents.
Whether your business has needs for short-term loans, intermediate-term loans or long-term loans, Bajaj Finserv offers instant business loans up to Rs.45 lakh. You can use the loan amount to invest in infrastructure, expand operations, buy equipment or inventory, or even to increase working capital.
Bajaj Finserv Business Loans are collateral-free, which means you won’t have to put your personal or business assets on the line to get financing. And since you don’t need to pledge collateral, there is no requirement for appraisal of the value of your assets. As a result, with collateral-free loans, getting business funding is much faster.
Apply online and get pre-approved offers for an instant loan without security from Bajaj Finserv.
Get the convenience of accessing your business loan statement and manage your loan anytime, from anywhere.A business loan from Bajaj Finserv will help you grow at a faster pace in a growing city like Bangalore. Using your loan wisely will result in profits for your company and boost your presence in a competitive market.
One of the most trusted NBFCs in India, Bajaj Finserv offers customised business loans that are affordable and hassle-free. Benefit from an affordable interest rate, zero hidden charges, minimal documentation, quick approval and more.
You can use a business loan to:
Bajaj Finserv has customized business loans for your unique needs.
The eligibility criteria to apply for a Bajaj Finserv Business Loan are simple. To avail of a loan for business, you need to meet these conditions:
Bajaj Finserv offers hassle-free business loans, and you only need to submit a few documents to apply. Listed below are the documents required to apply for small business loans in India.
Bajaj Finserv offers small business loans at a nominal rate of interest to make your EMIs affordable. The latest business loan interest rate and charges are listed in the table below.
|Types of Fees||Applicable Charges|
|Rate of interest||18% p.a. onwards|
|Processing fees||Up to 2% of the loan amount (Plus applicable taxes)|
Statement of account/repayment schedule/foreclosure letter/No Dues Certificate/interest certificate/list of documents
|Download your e-statements/letters/certificates for free by logging into our customer portal, Experia.
You can also get a physical copy of your statements/letters/certificates/list of documents from any of our branches at a charge of Rs.50 (inclusive of taxes) per statement/letter/certificate.
|Bounce charges||Up to Rs.3000 (Inclusive of applicable taxes)|
|Penal interest (Applicable in case of non-payment of monthly instalment on/before the due date)||2% per month|
|Document processing charges||Rs.2000 plus taxes|
Read here to know more about business loan interest rate and charges.
EMI or Equated Monthly Instalment is a method of loan repayment in which you need to pay a small fixed amount every month until your loan is fully repaid. To make repayment easy for you, Bajaj Finserv offers two types of EMIs:
Manually calculating an EMI is a time-consuming job, and there’s always room for error. Here, a Business Loan EMI Calculator is handy since it is quick, accurate, and easy to access and use. All you need to do is enter the principal (loan amount), tenor, and rate of interest to get error-free results instantly.
The online calculator uses the following formula:
E = P x r x (1 + r) ^ n / [(1 + r) ^ n - 1]
A business loan is an unsecured form of credit designed to cover various expenditures in a business. Borrowers need not mortgage any asset to avail funds.
Bajaj Finserv offers loans up to Rs.45 lakh, against simple business loan eligibility criteria and basic documentation. Once approved, you get the amount disbursed within a working day.
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