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Business Loan In Vellore

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Overview

Also known as the ‘Leather Hub of India’, Vellore is the top exporter of finished leather goods in the country accounting for 37% of leather export. Other industries in the area such as automobiles, engineering and manufacturing have transformed it into a business hub of Tamil Nadu.

You can give a much-needed boost to your business with Bajaj Finserv business loans up to Rs.30 lakh in Vellore.

 

Business Loan Features and Benefits

Here are the benefits of our business loan:

  • Flexi loan facility

    Bajaj Finserv Business loans allows you to avail a Flexi loan facility to borrow and repay funds as per your business needs.

  • Financing up to Rs.30 lakh

    All your short-term and long-term business obligations can be fulfilled with financing up to Rs.30 lakh.

  • Collateral-free loans

    Apply for Bajaj Finserv Business loans which are collateral-free, which means you don’t have to put your assets on the line.

  • Flexible tenors

    Bajaj Finserv flexi loan facility enables you to avail business loans with tenor up to 8 years.

  • Pre-approved offers

    Pre-approved offers

    You are entitled to choose from our exclusive pre-approved offers on Business loans for existing Bajaj Finserv customers.

  • Online account access

    Our customer portal - Experia provides you the convenience to access and manage your loan accounts anytime at your finger-tips.

Documentation and Eligibility Criteria

To avail business loans in Vellore, you need to fulfil the following criteria:

  • You should be between 25-55 years old

  • Your business should have a vintage of at least 3 years

  • Your business should have its Income Tax returns filed for at least the past 1 year

  •  

    Your business should have its previous year's turnover, duly audited by a CA

You may need to submit other relevant financial documents at the time of document verification. You will be informed of these as and when required.
 

Interest Rates and Charges

  • 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 Vellore

Online Application

  • Click here to apply and fill the mandatory details

  • Fill in the details and click Submit

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

Through SMS

  • SMS ‘BL’ to 9773633633

  • Our representative will get in touch with you along with your pre-approved offer.

Industries served

Leather, Automobile, Engineering & Manufacturing, Precision Tool, Explosives and Service Sector Industries.

Contact Us

For more information about business loan, you can visit our branch office in Vellore:

2nd Floor,Dilshad Plaza,Above Hatsun Daily Shop,Arani Road, Rathinapuram Street,Vellore - 632001

You can also write to us at [email protected]

Bajaj Finserv Business Loan is also available in other Indian cities like Nellore, Madurai, Tiruppur, Vishakhapatnam and Vijaywada.

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