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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 a 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:

  • 22-55 years of age

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

Business Loan Interest Rate and Charges

  • 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

  • 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 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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