Term Loans for Business are loans availed for a pre-defined term. They are useful when the funding requirement is well-defined and time-bound. These loans also have a specific repayment schedule and can offer fixed or floating interest rates. Based on the duration, term loans can be classified into short-term loans, intermediate-term loans, and long-term loans.
These loans could be either secured or unsecured, and can be used for a variety of purposes, like increasing working capital, buying new machinery, or leasing bigger office premises.
Bajaj Finserv Term Loans for Business offer various features and benefits like:
The most important feature of Term Loans for Business is that they offer flexible repayment tenors, ranging from 12 to 60 months, which can extend to 96 months if your opt for a Flexi loan facility.
Our Term Loans for Business come with a Flexi loan facility, that allows you to borrow what you need within a fixed loan limit, for a certain duration. You can also choose to pay only the interest as EMI and repay the principal amount later.
Term Loans for Business for Business are easy to apply and avail. A fast-track approval process allows you to get the funds in your bank account within 24 to 48 hours after completing the application.
Bajaj Finserv customers get access to exclusive pre-approved loan offers, which may include top-up loans, occasional reduction in rates, etc.
You can manage your Bajaj Finserv term loan statement online, from anywhere at any time through Experia, the online customer portal.
The following are the prerequisites for a Bajaj Finserv term loan:
Age between 25 and 55 years
Your business should have a vintage of at least three years
Your business should have filed Income Tax returns for at least the previous year
Your business should have its previous year's turnover duly audited by a CA
Documentary support for the above will be required for verification.
Bajaj Finserv brings transparency and clarity about term loan rates and charges. The following are the current charges:
Online Application
Click here to apply
Fill in the details and click ‘Submit’
Our representative will contact you with your pre-approved offer
Through SMS
SMS ‘BL’ to 9773633633
Our representative will contact you with your pre-approved offer
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