Business Loan

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Business Loan in Vijayawada

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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 $ 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 a 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.
 

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 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 wecare@bajajfinserv.in.

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

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