Bajaj Finserv in your city
One of the biggest urban agglomerations in Tamil Nadu, Erode boasts the largest turmeric market in India. Besides turmeric cultivation, it also has the largest textile market in India.
You can now buy modern machinery, recruit a workforce or grow your enterprise with a business loan in Erode. Avail one at the lowest interest rates from Bajaj Finserv.
Features and benefits
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No collateral needed
There’s no risk on your assets as Bajaj Finserv offers unsecured business loans without any collateral.
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Repay easily
With the help of a Business Loan EMI Calculator, choose a suitable schedule from tenors up to 96 months.
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Few documents
Avoid going through complex documentation. Bajaj Finserv requires minimum documents to complete loan processing.
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Up to Rs. 50 lakh loan amount
Finance the growth of your enterprise with high-value funding of up to Rs. 50 lakh.
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Flexi loans
Enjoy additional repayment facility and savings up to 45%* with our Flexi loan facility.
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Account online
Log in to our customer portal – Experia, and view all your loan-related information instantly.
Renowned as the ‘Turmeric City’, Erode is also a BPO and agricultural hub. It is one of the largest producers of food, knitwear and handloom products. The city’s economy is additionally dependent on oil and rice mills, cattle markets, lock manufacturing industry, leather processing, sugarcane processing industry, paper manufacturing, etc.
If you are running a business in Erode, overcome your financial crises effortlessly with unsecured credit from Bajaj Finserv. We offer multipurpose business loans to cover diverse requirements adequately. You can repay the borrowed amount over a suitable tenor without defaulting.
There are unique features like Flexi loans, designed to make repayments more flexible and bring down EMIs by up to 45%*. Read our transparent terms and conditions to know more. For the best offer, apply online.
*Conditions apply
Documentation and eligibility criteria
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Citizenship
Indian, residing in India
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Age
24 years to 70 years*
(*Age should be 70 years at Loan Maturity)
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Business vintage
At least 3 years
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CIBIL score
Check your CIBIL Score for FREEAbove 685
Bajaj Finserv makes documentation hassle-free with minimum paperwork. Keep all the necessary documents ready for quick processing. For the complete list of necessary documents, click here.
Interest rates and charges
We bring affordable rates of interest on business loans, thereby making the credit accessible to borrowers. For the complete list of charges, click here.
Frequently asked questions
Bajaj Finserv Business Loans can be used for multiple purposes. Some of these include:
- Leasing a new office
- To increase cash flow
- Buying new equipment and machinery
- Purchasing raw material
- To hire or train employees
- Accepting bigger projects
- Renovating the workplace, etc.
The loan amount approved gets credited to your bank account directly. You can access the money whenever required easily.
Yes. Being a self-employed professional, you can apply for a business loan. However, it is mandatory to fulfil the eligibility criteria.
As credit scores indicate the creditworthiness of borrowers, it is an important parameter to qualify for unsecured loans. Moreover, a higher score above 685 brings less stringent terms and conditions along with lower interest rates.
