Entrepreneurs in Tamil Nadu often face challenges in securing funding for business expansion, managing operational costs, or scaling their ventures. With Bajaj Finserv Business Loan, you can access up to Rs. 80 lakh instantly to meet your financial needs. Offering quick approval, competitive interest rates, and flexible repayment options, this loan is designed to empower business owners and help them achieve their goals seamlessly. To get started, you can check your business loan eligibility easily to know if you qualify.
Features and benefits for business loan in Tamil Nadu
Unlock the potential of your business with a loan that offers:
- High loan amounts suitable for various business needs.
- Collateral-free loans for easier access to funds.
- Flexible repayment tenures to suit your cash flow.
- Quick loan approval and disbursal.
- Minimal paperwork for a hassle-free experience.
Consider a flexi business Loan for on-demand funds and pay interest only on the utilised amount. Learn more about the benefits of a business loan and explore detailed business loan features to make an informed decision.
Documentation and eligibility criteria for business loan in Tamil Nadu
Eligibility criteria:
- Nationality: Indian
- Business vintage: At least 3 years
- CIBIL Score: 685 or higher
- Work status: Self-employed
- Age: 24 to 80 years*
Documents required:
- KYC documents - Aadhaar/passport/voter’s ID/driving license/letter from NPR/NREGA job card
- PAN card
- Proof of business ownership
- Other financial documents
Interest rates and charges for business loan in Tamil Nadu
| Fee type | Applicable Charge |
|---|---|
| Interest rate | 14%–25% p.a. |
| Processing fee | Up to 4.72% (inclusive of taxes) |
| Bounce charges | Rs. 1,500 per bounce |
| Penal interest | 36% p.a. per late instalment |
| Flexi facility charges | Rs. 999–Rs. 16,999 depending on loan variant and amount |
| Principal holiday facility fee | Rs. 6,499–Rs. 16,999 depending on loan amount |
How to apply business loan in Tamil Nadu
Applying is simple and digital:
- Visit the business loan page.
- Fill out the application form online.
- Upload your documents for verification.
- Check your pre-approved business loan offer.
- Receive approval and quick disbursal.
