Business Loan in Hubli

Overview

Hubli is one of the 49 metropolitan clusters which has been selected by McKinsey & Company as growth hotspots in India. It is the 2nd highest revenue generator for Karnataka, with about 4933 small-scale industrial units manufacturing industrial valves and engineering products, machine tools, chemicals, and pharmaceuticals.

Manufactures and suppliers in Hubli can leverage their working capital, machinery with Bajaj Finserv Business Loan. You can expand your business with business loans of up to Rs.20 lakh.

Business Loan Features and Benefits.

Here are the benefits of our business loan:

Flexi loan facility

Bajaj Finserv offers flexi loan facility which allows you to borrow as per your need, and repay when you can.
Financing up to Rs.20 lakh

You can avail a business loan up to Rs.20 lakh to cater to your business needs. Our business loan EMI calculator will help you know your EMIs.
Collateral-free loans

Apply for Bajaj Finserv Business loans without worrying about arranging a collateral or security to qualify for financing.
Flexible tenors

Business loans have a tenor of up to 8 years, so that you can avail loans for both short-term and long-term business needs.
Pre-approved offers

We provide exiting offers to our existing customers.
Online account access

You can manage your loan account from anywhere, with our customer portal - Experia.

Documentation and Eligibility Criteria

Business loan eligibility criteria are:

Age between 22-55 years
Business vintage of at least 3 years
Filing of business IT returns for at least past 1 year
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

Industries Served

You can avail our business loans we you are a manufacturer or supplier in any of these industries - engineering products, machine tools, chemical and pharmaceutical products, and industrial valves.