Bajaj Finserv in your city

Located in Tamil Nadu, the city of Vellore is one of the largest finished leather goods exporters in India. The city contributes to 37% of the country’s leather and leather products exports.

To help residents of this city meet the financial needs of their business, Bajaj Finserv offers business loans in Vellore at attractive interest rates. Walk into a branch near you or apply online from the comfort of your home.

Features and benefits

  • Flexi loan facility

    Flexi loan facility

    With the unique Flexi loan facility, you can bring down your EMIs by almost half for the initial part of the tenor.

  • Multiple tenor options

    Multiple tenor options

    Estimate your monthly outlay with a business loan EMI calculator and choose from a repayment period of up to 84 months.

  • Pre-approved offers

    Pre-approved offers

    Existing customers can check their pre-approved offers and take advantage of faster processing.

  • Large loan amount

    Large loan amount

    Borrow up to Rs. 45 lakh and use the loan amount to meet your diverse business needs.

  • Unsecured loan

    Unsecured loan

    Bajaj Finserv offers unsecured business loans, which don’t need any collateral or security for approval.

  • Account management online

    Account management online

    Log in to our customer portal and manage your loan account, make prepayments, and more.

Vellore has seen rapid development in the last few years. Apart from industries such as leather goods, services, and transport, the city is a hub for medical tourism, with thousands of visitors taking advantage of its exceptional healthcare facilities. Institutions such as the Vellore Institute of Technology make this a popular educational centre as well.

Self-employed individuals running a business in Vellore can approach Bajaj Finserv for financing at attractive terms. Our business loans come with personalised features designed to meet diverse needs. Some of these include hiring fresh talent, renovation of office, leasing a new commercial property and even taking up new projects.

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Documentation and eligibility criteria

Qualify for a business loan by meeting our simple eligibility criteria. Read about the documents required and keep your papers handy.

  • Nationality

    Nationality

    Indian, residing in this country

  • Age

    Age

    24 to 70 years*

  • CIBIL score

    CIBIL score

    Check your CIBIL Score for FREE

    685

  • IT returns

    IT returns

    Must be filed for at least the previous year

  • Business vintage

    Business vintage

    At least 3 years

Improve your chances of loan approval by meeting all the eligibility parameters. Experts advise clearing off all existing or smaller debts before applying for new credit. This boosts your eligibility and also makes repayment hassle-free.

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Interest rates and charges for business loans in Vellore

Bajaj Finserv offers business loans at attractive interest rates. The processing fees and other charges associated with your loan are nominal. Use the Business Loan EMI Calculator to estimate your instalments and make an informed decision.

Frequently asked questions

What is the processing fee on business loans?

You are required to pay a nominal processing fee of up to 2% of the loan availed.

Should I choose a longer or a shorter tenor?

The repayment tenor you choose should depend on the following factors – your monthly liabilities, the applicable rate of interest, and the loan amount. While longer tenors lower your monthly instalments, shorter instalments help you complete the loan repayment sooner.

How can I access my loan amount?

If you are an existing customer, you can check your pre-approved business loan offer and quickly get the funds you need. New applicants are required to complete their loan applications and submit their documents for approval.

Once approved, the loan amount is credited to your bank account directly. You can access it immediately and utilise it as per your needs.

Where can I see my loan details?

You can access your loan details, check your repayment schedule, make part-prepayments, and more by visiting our online customer portal.

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