Bajaj Finserv offers tailored financial solutions in Akola to support the city’s growing business community. With hassle-free application processes and quick disbursal, entrepreneurs and business owners can access funds with ease. Whether you’re looking to expand your operations, manage working capital, or invest in new equipment, Bajaj Finserv provides reliable business loan solutions to help your venture thrive.
Features and benefits for business loan in Akola
Explore the key features and benefits of a business loan in Akola:
- Loan amounts of up to Rs. 80 lakh without collateral
- Quick approval and fast disbursal process
- Flexible repayment tenures ranging from 12 to 96 months
- Access to the flexi business loan facility for better cash flow management
- Minimal documentation and online application facility
- Use the business loan EMI calculator to plan your monthly outgo with ease
Documentation and eligibility criteria for business loan in Akola
To apply for a business loan in Akola, you must meet the following basic eligibility criteria and provide the required documents:
- Applicant should be aged between 24 and 80 years
- Business vintage of at least 3 years
- CIBIL score of 685 or higher
- Indian nationality
- Applicant should be self-employed
- Documents required
- KYC documents - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
- PAN card
- Proof of business ownership
- Other financial documents
Interest rates and charges for business loan in Akola
Refer to the table below for an overview of interest rates and applicable charges:
| Particulars | Details |
|---|---|
| Interest rate | Starting from 14% p.a. |
| Processing fee | Up to 4.72% of the loan amount |
| Bounce charges | Rs. 1,500 per instance |
| Penal interest | 36% per annum per instalment |
*Terms and conditions apply.
How to apply business loan in Akola
Follow these simple steps to apply for a business loan in Akola:
- Click on the ‘APPLY’ button on the loan application page.
- Enter your 10-digit mobile number and verify it with the OTP sent to your phone.
- Fill in the application form with your basic details:
- Full Name
- PAN (Permanent Account Number)
- Date of Birth
- PIN Code
- Click on ‘PROCEED’ to continue to the loan selection page.
- Enter the desired loan amount.
- Choose your preferred loan type:
- Term Loan
- Flexi Term Loan
- Flexi Hybrid Term Loan
- Select your repayment tenure (from 12 to 96 months) and click ‘PROCEED’.
- Complete your KYC (Know Your Customer) process.
- Submit your business loan application.
