Term Business Loan | Term Loans for Business Online in India

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.

Features and Benefits of Term Loan

Bajaj Finserv Term Loans for Business offer various features and benefits like:

Flexible tenors

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.
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.
Quick Approval and Disbursal

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.
Pre-approved offers

Bajaj Finserv customers get access to exclusive pre-approved loan offers, which may include top-up loans, occasional reduction in rates, etc.
Online account access

You can manage your Bajaj Finserv term loan statement online, from anywhere at any time through Experia, the online customer portal.

Term Loan Eligibility Criteria

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