Business Loan in Ranchi

Overview

Jharkhand is growing faster than the national average, with a gross state domestic product growth of 12.1% in FY 2015-2016, as against the national GDP of 7.6%. Its capital, Ranchi, is a trade and commerce hub, with flourishing industries such as engineering and mining, iron and steel, mineral extraction, and handloom.

Avail a Bajaj Finserv Flexi Loan facility and get easy financing up to Rs.20 lakh to expand your business in Ranchi.

Business Loan Features and Benefits.

Here are the benefits of our business loan:

Flexi loan facility

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

You can avail a business loan up to Rs. 20 lakh for your business needs. You can use business loan EMI business loan EMI calculator to know your EMIs.
Collateral-free loans

Bajaj Finserv business loans are collateral-free, i.e., they do not require pledging of assets.
Flexible tenors

Business loans have a tenor ranging from 1 to 8 years, so that you can avail loans for both short-term and long-term business needs.
Pre-approved offers

As an existing Bajaj Finserv customer, you get special offers such as loan top-ups and reduction of rates.
Online account access

Manage your loan account from anywhere, with our customer portal - Experia.

Business Loan Eligibility and Documents

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.

The Business Loan customer profiles include self-employed professionals, self-employed non-professionals, and entities.

Interest Rates 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

Part Prepayment Charges For Flexi Interest
-only Loan & Flexi Term Loan facilities
NIL

Industries Served

You can avail our business loans if you are in the following industries - mining and mineral extraction, engineering, iron and steel, chemicals, hand loom, food and beverages, automotive and cement.

How to apply for business loan in Ranchi ?

Online Application

Click here to apply and fill the mandatory details
On submission, our Ranchi representative will get in touch with you along with your pre-approved offer

Simply SMS