Collateral is an asset, having a measurable financial value, that you can borrow against. Assets like real estate, machinery, vehicles, even stocks and shares can be pledged to avail a loan. However, if you are unable to repay the loan, the lender has the right to assume permanent possession of the asset and liquidate it to recover the outstanding amounts.
On the other hand, collateral-free loans do not require you to pledge any asset as security. It brings peace of mind and opens up unlimited opportunities. One can avail collateral-free loans for various purposes. Such loans can help you meet business goals as well as personal needs like higher education, medical emergencies, marriage expenses, etc.
Bajaj Finserv extends collateral-freebusiness loans at competitive interest rates and flexible repayment options.
Flexi loan limit for collateral-free Business Loans can go up to Rs. 30 lakh. Use this EMI calculator for computing the EMI of your collateral free loan.
Access your loan account from anywhere at your convenience, with Experia, our customer portal.
Eligibility criteria for availing a collateral-free Business Loan:
Age between 22-55 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
Bajaj Finserv brings transparency and clarity about 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 would contact you with your pre-approved offer
Through SMS
SMS ‘BL’ to 9773633633
Our representative would contact you with your pre-approved offer
.jpg)
.jpg)
.jpg)
.jpg)
