Business Loan in Mysore

Overview

Mysuru lends its name to several iconic products such as soap, sweet, ink, painting, silk saree, and more, giving it the moniker – the cultural capital of Karnataka. Mysuru attracts upwards of 8 million tourists every year, making tourism one of its most important industries. Other contributing industries are weaving, sandalwood carving, bronze work and the production of lime and salt.

Avail a Bajaj Finserv Business Loan and get easy financing up to Rs. 20 lakh to expand your business - working capital, machinery and others.

Business Loan Features and Benefits

Here are the benefits of our business loan:

Flexi loan facility

Enjoy the flexibility to borrow as per your need, and repay when you can, with our Flexi loan facility.
Financing up to Rs. 20 lakh

You can avail a business loan of up to Rs. 20 lakh and know your EMIs with our business loan EMI calculator.
Collateral-free loans

You do not require collateral or a guarantor to avail unsecured Bajaj Finserv business loans.
Flexible tenors

Business loans have a tenor of up to 8 years, to help you achieve your business goals.
Pre-approved offers

As an existing Bajaj Finserv customer, you are entitled to special offers.
Online account access

Manage your loan account at your convenience with our customer portal Experia.

Documentation and Eligibility Criteria

Business loan eligibility criteria are:

You should be between 25-55 years old
Your business should have a vintage of at least 3 years
Your business should have its Income Tax returns filed for at least the past 1 year
Your business should have its 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

Industries Served

You can avail our business loans if you are a business owner in any of these industries - weaving, sandalwood carving, bronze work, and the production of lime and salt.