Business Loan in Siliguri

Overview

Siliguri is well known for the 4 T’s - Tea, Tourism, Timber, and Transport. As a gateway to the north-eastern region of India, it has seen a tremendous rise in economic activity.

Considering the scope of businesses growth in this city, Bajaj Finserv offers Business Loans in Siliguri offering a maximum loan amount of up to Rs.20 lakh.

Business Loan Features and Benefits

Here are the benefits of our business loan:

Flexibility

Acquire new assets, improve your infrastructure and manage your operational costs with the Flexi Loan facility.

The Flexi Loan facility allows you to borrow when you need and repay when you can.
Collateral-free loans

Apply for a Business Loan from Bajaj Finserv without going through the hassle of pledging any assets for collateral.
Financing up to Rs.20 lakh

Bajaj Finserv offers financing of up to Rs.20 lakh through Business Loans.
Pre-approved offers

If you are an Existing customer of Bajaj Finserv, contact us to know about your pre-approved offer.
Flexible tenors

Bajaj Finserv Flexi Loan has a flexible tenor with the maximum repayment period being 8 years.
Online account access

Now manage your Business Loan from anywhere, online with our, customer portal - Experia.

Business Loan Eligibility and Documents

To avail business loans in Siliguri, you need to fulfill the following criteria:

Age between 22-55 years
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 need to submit other relevant financial documents, the details of which 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

Industries Served

Bajaj Finserv extends business loan facilities for traders, manufacturers and suppliers engaged in Tea industry, Tourism industry, Timber industry, Small scale and cottage industries operating out of Siliguri.