Unsecured Business Loans in Madurai
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.45 lakh for expanding a business, boosting working capital, and upgrading machinery.
Business Loan in Madurai Features and Benefits
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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.
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Financing up to Rs.45 lakh
You can avail a business loan up to Rs.45 lakh and use it to for various needs of your business.
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Pre-approved offers
You can choose from special offers as an existing Bajaj Finserv customer.
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Flexible tenors
Choose a Bajaj Finserv Flexi Loan facility and get financing for up to 84 months.
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Online account access
You can easily manage your loan account from anywhere with Our customer portal - Experia
Documentation and Eligibility for Small Business Loan in Madurai
To avail a business loan in Madurai, you need to fulfil the following criteria:
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Age between 25 and 65 years
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Business vintage of at least 3 years
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Filing of business IT returns for at least past 1 year
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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.
Interest Rates and Charges for Small Business Loan in Madurai
- Types of Fees
- Applicable Charges
- Rate of interest
- 18% onwards
- Processing fees
- Up to 2%
- Loan statement charges
- NIL
- Interest & principal 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
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Click here to apply
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Fill in the details and click Submit
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Our representative would contact you with your pre-approved offer
Through SMS
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SMS ‘BL’ to 9773633633
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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 may also visit us at https://www.bajajfinserv.in/reach-us.
We also offer business loans in other cities of India such as Surat, Baroda, Agra, Aurangabad, and Salem.
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