Unsecured Business Loans in Trichy
One of the major engineering equipment manufacturing and fabrication hubs of India, Tiruchirappalli or Trichy is one of the most important cities of Tamil Nadu. Thanks to the presence of multiple energy equipment manufacturing units, it is known as the energy equipment and fabrication capital of India. A large number of MSMEs have set up textile, apparel, and engineering units here. The city has also seen major investments in non-electrical machinery, metals, and metal products over the years.
As per the Ministry of MSME, Govt of India, there were over 2500 registered MSME units in Tiruchirappalli in 2014-15. Traders, manufacturers, and suppliers dealing in products produced by the aforementioned industries can avail a Bajaj Finserv Business Loan up to Rs.45 lakh to expand business, boost working capital need, and upgrade machinery.
Business Loan in Tiruchi: Features and Benefits
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Collateral-free loans
There’s no need to put your assets, personal or business, as security for availing a business loan.
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Flexibility
With our Flexi Loan facility, you can withdraw funds as and when you need and prepay whenever you’ve additional surplus funds.
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Financing up to Rs.45 lakh
With business loan up to Rs.45 lakh you can meet your dynamic business requirements.
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Pre-approved offers
You can choose from special offers as an existing Bajaj Finserv customer.
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Flexible tenors
Bajaj Finserv Flexi Loans have a flexible tenor feature, with the maximum loan repayment period being up to 84 months.
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Online account access
Our customer portal - Experia helps you to manage your loan account easily from anywhere.
Eligibility and Documents for Small Business Loan in Trichy
To avail business loans in Tiruchirapalli, you need to fulfil the following criteria:
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You should be between 25-65 years old
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Business vintage of at least 3 years
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Filing of business IT returns for at least past 1 year
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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.
Interest Rates and Charges for Small Business Loan in Trichy
- 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
How to Apply for Business Loan in Tiruchirapalli?
Online Application
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Click here to apply and fill the mandatory details
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Our representative would contact you with your pre-approved offer
Simply SMS
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SMS ‘BL’ to 9773633633
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Our representative would contact you with your pre-approved offer
Contact Us
You can visit our office at:
RS Towers, 1st Floor, C-84, Fort Station Rd, 5th Cross, Thillai Nagar, Trichy- 620018
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 Salem, Agra, Kanpur, Baroda, Tiruppur, and Vijayawada among others.
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