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Business Loan In Madurai

Overview

Selected as one of the cities to be developed into a smart city, Madurai has the presence of nearly 900 rubber and plastic-based industries. These industries majorly produce mats, sporting goods, utility products, and auto rubber components.

There are several textiles (262), granite, chemical and chemical-based (756) industries in the city. Traders, manufacturers, and suppliers dealing with these industry items can avail a Bajaj Finserv Business Loan up to Rs.30 lakh for expanding business, boosting working capital, and upgrading machinery.

 

Business Loan in Madurai Features and Benefits

Here are the following advantages of our business loan:

  • Flexibility

    With our Flexi Loan facility, you can withdraw funds as and when required and prepay when you can.

  • Collateral-free loans

    You don’t need to put your assets, business or personal, as security for availing a business loan.

  • Financing up to Rs.30 lakh

    You can avail a business loan up to Rs.30 lakh and use it to for various needs of your business.

  • Pre-approved offers

    Pre-approved offers

    You can choose from special offers as an existing Bajaj Finserv customer.

  • Flexible tenors

    Choose a Bajaj Finserv Flexi Loan facility and get financing for up to 8 years.

  • Online account access

    You can easily manage your loan account from anywhere with Our customer portal - Experia

Documentation and Eligibility Criteria

To avail a business loan in Madurai, you need to fulfil the following criteria:

  • Age between 22-55 years

  • Business vintage of at least 3 years

  • Filing of business IT returns for at least past 1 ye

  • Previous year's turnover duly audited by a CA

You may require submitting other relevant financial documents. The details of such documents would be conveyed as and when required.

Documents Required for Business Loan

The documents required for business loan are:

  • Passport size photograph

  • KYC documents

  • Business proof: Certificate of business existence

  • Relevant Financial documents

  • Bank Account statement of last month

Business Loan Interest Rate and Charges

  • Types of Fees
  • Applicable Charges
  •  
  • Rate of interest
  • Up to 16% -35%
  • 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

How to Apply for Business Loan in Madurai?

Online Application

  • Click here to apply

  • Fill in the details and click Submit

  • Our representative would contact you with your pre-approved offer

Through SMS

  • SMS ‘BL’ to 9773633633

  • Our representative would contact you with your pre-approved offer

Contact Us

You can visit our branch office in Madurai at:

3rd Floor, S S Tower, No.78/4, Ponmeni Bypass Road, Madurai – 625016

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

We also offer business loans in other cities of India such as Surat, Baroda, Agra, Aurangabad, and Salem.

Business Loan Instant Approval

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Please enter 10 digit mobile number
Please enter your address

Is your firm audited by CA

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