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Business Loan In Visakhapatnam

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The financial capital of Andhra Pradesh, Visakhapatnam is the 9th richest city in India, with an estimated GDP of Rs.2.79 lakh crore. With the government planning a major boost for the MSME industry in Visakhapatnam, the number of small and medium industry players are also at a constant rise.

Diversify your business, meet working capital needs and manage daily operational expenses with Bajaj Finserv Business Loans that come with a unique Flexi Loan facility.


Business Loan in Visakhapatnam Features and Benefits

Here are the benefits of our business loan:

  • Flexibility

    The Flexi Loan facility by Bajaj Finserv allows you to borrow funds as per your requirements and repay the amount when you can.

  • Collateral-free loans

    Apply for a Business Loan from Bajaj Finserv without the additional hassle of arranging for a guarantor or pledging any asset.

  • Financing up to Rs.20 lakh

    Business loans from Bajaj Finserv offers maximum financing of Rs.20 lakh.

  • Pre-approved offers

    Pre-approved offers

    Existing Bajaj Finserv customers can avail pre approved loans with customized offers.

  • Flexible tenors

    Flexi Loans from Bajaj Finserv enable you to avail loans with flexible tenors, the maximum loan repayment period being 8 years.

  • Online account access

    Manage your business loan from anywhere, anytime through our customer portal - Experia.

Documentation and Eligibility Criteria

To avail business loans in Visakhapatnam, you need to fulfill the following criteria:

  • You should be between 25-55 years old

  • 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.

Business Loan Interest Rate 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

Industries Served

Bajaj Finserv extends business loan facilities for business owners operating in the Aluminium, Automobiles / Auto-Ancillaries, Cement, Chemicals, Engineering / Construction, Power / Energy, Fertilizers, Food, Pharmaceuticals / Drug Manufacture, Paints, Steel / Steel Profiles, Sugar and Textile industries.

How to Apply for Business Loan in Visakhapatnam ?

Online Application

  • Click here to apply

  • 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 would contact you with your pre-approved offer

Contact Us

You can visit us at our Visakhapatnam branch at

D.No-50-81-70/5, 1St Floor, Aditya Complex, Seethammapeta, Visakhapatnam – 530013.

You may also visit us at

Bajaj Finserv Business Loan is also available in other Indian cities like Tiruppur, Tiruchirappalli, Madurai, Erode, and Vapi.

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