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Business Loan in Tiruchirappalli

Overview

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.30 lakh to expand business, boost working capital need, and upgrade machinery.

 

Business Loan Features and Benefits

Here are the benefits of our business loan:

  • Collateral-free loans

    There’s no need to put your assets, personal or business, as security for availing a business loan.

  • Flexibility

    With our Flexi Loan facility, you can withdraw funds as and when you need and prepay when you’ve surplus.

  • Financing up to Rs.30 lakh

    With business loan up to Rs.30 lakh you can meet various business requirements.

  • Pre-approved offers

    Pre-approved offers

    You can choose from special offers as an existing Bajaj Finserv customer.

  • Flexible tenors

    Choose the Bajaj Finserv Flexi Loan facility and avail financing for up to 8 years.

  • Online account access

    Our customer portal - Experia helps you to manage your loan account easily from anywhere.

Business Loan Eligibility and Documents

To avail business loans in Tiruchirapalli, you need to fulfil 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.
 

The documents required for business loan are:

  • Passport size photograph

  • KYC documents

  • Business proof: Certificate of business existence

  • Relevant Financial documents

  • Bank Account statement of last month

Interest Rates and Charges

  • Types of Fees
  • Applicable Charges
  • Rate of interest
  • Up to 16% -35%
  • Processing fees
  • Up to 2%
  • Loan statement charges
  • NIL
  • Interest & principle 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

  • Click here to apply and fill the mandatory details

  • Our representative would contact you with your pre-approved offer

Simply SMS

  • SMS ‘BL’ to 9773633633

  • 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 can also email us at [email protected].

Bajaj Finserv Business Loan is also available in other Indian cities such as Salem, Agra, Kanpur, Baroda, Tiruppur, and Vijayawada among others.

Business Loan Instant Approval

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