Business Loan in Salem

Unsecured Business Loans in Salem

Salem has more than 8517 total units registered under Udyog Aadhaar Memorandum (UAM), as per the government data for the year 2015-2016. The city is a major textile centre in Tamil Nadu. It boasts MSME clusters including tapioca (sago) processing, choir, engineering products, artefacts, silver ornaments, and ready-made garments. Manufacturers and traders can avail a Bajaj Finserv Flexi Loan facility of up to Rs. 45 lakh in Salem.

Business Loan in Salem: Features and Benefits

The unique features of our business loan are as follows:

Flexi loan facility

Borrow as much what you require and repay at your convenience with Bajaj Finserv Flexi Loan Facility.
Financing up to Rs.45 lakh

As a business owner, you can avail flexi loan facility up to Rs. 45 lakh for your financial needs. Business loan EMI calculator helps you know your EMIs.
Collateral-free loans

You can avail Bajaj Finserv Business Loans without pledging your business assets.
Flexible tenors

Bajaj Finserv Flexi Loans have a flexible tenor feature, with the maximum loan repayment period being up to 84 months.
Pre-approved offers

As an existing Bajaj Finserv customer, you can choose from our special offers.
Online account access

Manage your loan account online at the customer portal Experia.

Documentation and Eligibility for Business Loan in Salem

Business loan eligibility criteria are:

You should be Age between 24 to 70 years*
(*Age should be 70 years at loan maturity.)
Your business should have a vintage of at least 3 years
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 for Business Loan in Salem

Types of Fees
Applicable Charges

Rate of interest
17% onwards

Processing fees
Up to 2%

Loan statement charges
NIL

Interest & principal statement charges
NIL

EMI bounce charges
Rs.3,000 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

We offer business loans to exporters and manufacturers of fabrics, sago, choir, engineering products, artefacts, silver ornaments, and readymade garments.

How To Apply For Business Loan In Salem

Online Application

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

Simply SMS

SMS ‘BL’ to 9773633633
Our Salem representative will get in touch with you along with your pre-approved offer

Contact Us

To get more information, contact our office in Salem:

Bajaj Finserv, 2nd Floor, Off. No. - W-1, Sri Vari Shopping Mall, 2-91, New Bus Stand, Near A.R.R.S Multiplex, Salem - 636 004.

You may also visit us at https://www.bajajfinserv.in/reach-us.

Bajaj Finserv Business Loan is also available in other Indian cities such as Tiruchirappalli, Madurai, Erode, Vapi, Belgaum, Hosur, Vellore, and Nellore.