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Business Loan in Vijayawada

Overview

Classified as one of the Y-grade cities, Vijayawada has a robust trading and exporting market for industrial and agriculture goods. The city also has a vibrant textile and automobile industry. It is expected that the GDP of the city would reach USD 17 billion by 2025, with MSMEs playing a key role in its growth.

Traders, manufacturers, and suppliers dealing in industrial, textile, auto, and agricultural products can avail Bajaj Finserv Business Loan up to Rs.30 lakh to expand business, upgrade machinery, and boost working capital.

 

Business Loan Features and Benefits

Here are the benefits of our business loan:

  • Collateral-free loans

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

  • Flexibility

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

  • Financing up to Rs.30 lakh

    With business loans loan up to Rs.30 lakh you can easily meet your diverse business needs.

  • Pre-approved offers

    Pre-approved offers

    You can choose from special offers, selected just for you, as an existing Bajaj Finserv customer.

  • Flexible tenors

    Avail the Bajaj Finserv Flexi Loan facility and get financing for up to 8 years.

  • Online account access

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

Business Loan Eligibility and Documents

To avail business loans in Vijayawada, 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 Vijayawada?

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 branch office in Vijayawada at:

2nd Floor, Door No. 32-9-17, Madhu Mahalaxmi Chambers, Near Jammichettu Centre, Mogalrajpuram, Vijayawada – 520010

You may also write to us at [email protected].

We also offer business loans in other cities of India including Ludhiana, Vishakhapatnam, Vapi, Erode, and Salem among others.

Business Loan Instant Approval

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Please enter 10 digit mobile number
Please enter your address

Is your firm audited by CA

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