Overview
Between 2011-12 and 2016-17, the GSDP of Madhya Pradesh expanded at a CAGR of 15.21% to USD 99.41 billion. Driving this growth is Bhopal, its capital with industries such as cotton, textile, jute, electrical products, jewellery, and chemical manufacturing. Other industrial activities include - manufacturing of sports equipment, matches, sealing wax, and auto-mobile conversion.
As a manufacturer and supplier of these items, you can avail Bajaj Finserv Business Loan in Bhopal up to Rs.30 lakh to increase your working capital, inventory, and upgrade or buy more equipment.
Business Loan Features and Benefits
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Flexi loan facility
Borrow as per your need, and repay as per convenience, with our Flexi loan facility.
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Financing up to Rs.30 lakh
You can avail a business loan up to Rs.30 lakh to cater to your business needs. Our business loan EMI calculator helps you to know how much you will pay as EMIs. -
Collateral-free loans
Our business loans require no collateral to be pledged as security.
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Flexible tenors
Our business loans have a tenor of up to 8 years, to cater to your various business goals.
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Pre-approved offers
As an existing Bajaj Finserv customer, you can avail special offers.
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Online account access
You can manage your loan account at your convenience, with our customer portal - Experia.
Documentation and Eligibility Criteria
Business loan eligibility criteria are:
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You should be between 25-55 years old
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Your business should have a vintage of at least 3 years
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Your business should have its Income Tax returns filed for at least the past 1 year
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Your business should have its previous year's turnover, duly audited by a CA
You may need to submit other relevant financial documents at the time of document verification. You will be informed of these as and when required.
Interest Rates and Charges
- Types of Fees
- Applicable Charges
- Rate of interest
- 18% onwards
- Processing fees
- Up to 2%
- Loan statement charges
- NIL
- Interest & principle statement charges
- NIL
- EMI bounce charges
- Rs.2,500 for every bounce
- Penal interest
- 2.00% p.m
- Secure fee
- NA
- Part Prepayment Charges For Flexi Interest
-only Loan & Flexi Term Loan facilities - NIL
How To Apply For Business Loan In Bhopal
Online Application
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Click here to apply and fill the mandatory details
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On submission, our representative will get in touch with you along with your pre-approved offer
Simply SMS
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SMS ‘BL’ to 9773633633
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Our representative will get in touch with you along with your pre-approved offer
Contact Us
To know more, you can contact our Bhopal office at:
3rd Floor, Ranjeet Tower, Plot No. # 8, Mp Nagar, Zone Ii, Bank Street , Bhopal – 462001 (M.P).
You may also visit us at https://www.bajajfinserv.in/reach-us.
Bajaj Finserv Business Loan is also available in other Indian cities such as Nagpur, Nasik, Aurangabad, Gwalior, and Solapur.
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