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Business Loan in Erode

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Overview

Agriculture is the dominant aspect of Erode's economy. Known as the Turmeric City, Erode is also famous for textile products, ready-made garments, and lock manufacturing. It is also home to several mills that produce oil, rice and cotton.

If you are a manufacturer or trader you can avail a Bajaj Finserv Business Loan in Erode to upgrade your machinery, increase your working capital, or expand your business with the Flexi Loan facility of up to Rs. 30 lakh.

 

Business Loan Features and Benefits

Benefits of our business loans are:

  • Flexi loan facility

    Bajaj Finserv offers Flexi loan facility that allows you to borrow as per your need and repay when you can.

  • Financing up to Rs.30 lakh

    You can avail a business loan of up to Rs. 30 lakh for the financial needs of your business. Our business loan EMI calculator help you to know your EMIs.

  • Collateral-free loans

    Bajaj Finserv business loans do not require you to pay any collateral.

  • Flexible tenors

    Business loans range from 1 to 8 years.

  • Pre-approved offers

    Pre-approved offers

    We provide special offers to the existing Bajaj Finserv customers.

  • Online account access

    You can manage your loan account from anywhere with ourcustomer portal Experia.

Documentation & Eligibility Criteria

Business loan eligibility criteria are:

  • You should be between 25-55 years old

  • Your business should have a vintage of at least 3 years

  • Your business should have its Income Tax returns filed for at least the past 1 year

  • 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.

The Business Loan customer profiles include self-employed professionals, self-employed non-professionals, and entities.

 

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

Industries Served


You can avail our business loans, if you own mills - oil, rice, cotton; or if you are a business owner in industries such as textile, turmeric and lock.
 

Contact Us

Online Application

  • Click here to apply and fill the mandatory details

  • On submission, our Erode representative will get in touch with you along with your pre-approved offer

Simply SMS

  • SMS ‘BL’ to 9773633633

  • Our Erode representative will get in touch with you along with your pre-approved offer

Contact Us

You can get more information on Bajaj Finserv Business Loan in Erode from:

Bajaj Finserv , 1St Floor, 5/1, V H Road, Upstairs Of Canara Bank, Erode 638 001.

You may also write to us at [email protected].

Bajaj Finserv Business Loan is also available in other Indian cities such as Tiruchirappalli, Madurai, Vapi, Belgaum, Hosur, Vellore, and Nellore.

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