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.20 lakh to expand a business, upgrade machinery, and boost working capital.
Business Loan Features and Benefits
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Collateral-free loans
There’s a no need to put your business or personal assets as security for availing a business loan.
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Flexibility
With our Flexi Loan facility, you can withdraw funds as and when required and prepay when you’ve surplus funds.
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Financing up to Rs.20 lakh
With business loans loan up to Rs.20 lakh you can easily meet your diverse business needs.
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Pre-approved offers
You can choose from special offers, selected just for you, as an existing Bajaj Finserv customer.
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Flexible tenors
Avail the Bajaj Finserv Flexi Loan facility and get financing for up to 8 years.
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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:
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Age between 22-55 years
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Business vintage of at least 3 years
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Filing of business IT returns for at least past 1 year
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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
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Click here to apply and fill the mandatory details
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Our representative would contact you with your pre-approved offer
Simply SMS
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SMS ‘BL’ to 9773633633
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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 visit us at https://www.bajajfinserv.in/reach-us.
We also offer business loans in other cities of India including Ludhiana, Vishakhapatnam, Vapi, Erode, and Salem among others.
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