Bajaj Finserv in your city
Udaipur is a popular tourist destination in Rajasthan, renowned for its palaces of the Rajput-era, scenic locations, culture and history. Famed as the ‘City of Lakes’, it has a sophisticated waterway system with lakes surrounding the city.
Applicants willing to borrow business loans in Udaipur can contact Bajaj Finserv, one of the most reliable NBFCs here. We have three branches across the city.
Features and benefits
-
Flexible tenors
With tenors of up to 96 months, you can pay the loan off flexibly and reduce your debt burden.
-
Manage account online
Bajaj Finserv allows borrowers to access loan-related details through the customer portal.
-
Zero collateral
There’s no need to pledge any asset as collateral. Business loans are sanctioned based on the borrower’s eligibility.
-
Get up to Rs. 80 lakh
High-value financing of up to Rs. 80 lakh can adequately cover diverse purposes in business. Use a Business Loan EMI Calculator to know your repayment amount.
-
Flexi loans
To ease your repayments further, avail of our Flexi loan facility.
The economy of Udaipur is predominantly driven by tourism for its historical palaces and forts, architectural temples, natural locations, gardens, museums, festivals, traditional fairs and more. The other revenue-generating factors include chemical manufacturing and development, electronic manufacturing, marble processing, minerals, handicraft industry, etc. Apart from these, the city has emerged as a prominent educational hub with 160 high schools, 14 colleges and five universities.
Bajaj Finserv, being one of the reputed lenders, comes with business loans that make financing hassle-free. Our convenient tenors enable repayments with manageable EMIs over a suitable time. For additional flexibility, borrowers can opt for Flexi loans where repayments are allowed anytime or at the tenor’s end. Also, interests here are imposed only on the amount utilised. You, therefore, lower your monthly instalments up to 45%*. To know more, read our transparent policy.
Documentation and eligibility criteria
-
CIBIL score
Check your CIBIL Score for FREE685+
-
Citizenship
Indian, residing in this country
-
Age
24 years to 80 years*
(*Age should be 80 years at Loan Maturity)
-
Business vintage
At least 3 years
The better you qualify, the more are your chances of getting approval. Try to maintain a clean credit profile with no signs of default. Also, pay off smaller debts whenever possible to make this loan repayment easier. For the complete list of documents required, click here.
Interest rates and charges
The loan comes with nominal processing fees and charges besides competitive interest rates. Assess the total cost using our Business Loan EMI Calculator. For the complete list of charges, click here.
Frequently asked questions
Yes. Business loans come with no end-use restrictions. You can utilise the loan amount to take up a new project along with various other purposes.
Various types of business loans are available, including machinery loans, working capital loans, business loans for women, SME and MSME loans.
You need not calculate the loan EMIs manually. Simply use the online Business Loan EMI Calculator, which instantly evaluates total payable interest, EMIs and the cost of borrowing. It functions on the following formula:
EMI = P x r x (1 + r) ^ n / [(1 + r) ^ n – 1]
The qualifying CIBIL score for a business loan is 685. However, the closer you are to 900, the higher your creditworthiness and, hence, loan approval.
