MSME/SME Business Loan: Features & Benefits
With low interest rates and generously flexible repayment options, Business Loan by Bajaj Finserv can give the much needed boost to your business/ SME/ MSME, enhancing your competitiveness and profitability. Loan for business by Bajaj Finserv gives a credit line facility, enabling you to expand your business to new heights, upgrade your existing business to latest machineries and equipment, scale up the growth and much more, at minimal repaying options.
Top features of business loan:
Line of Credit
Line of Credit is a unique credit facility given to our loan applicants, wherein you are approved for certain limit of credit/ loan, for a said duration. The monthly instalment for Line of Credit will consist only of the interest amount and will not have a principal component on a monthly basis. The principal amount of loan is to be repaid at the end of the tenure of the facility. Read about this feature in detail here
You can deposit the funds when in access and withdraw fund when required in business, and you will be charged interest only on the amount utilized by you. The limit may drop along the tenor (Dropline) or remain constant throughout the tenor, giving you maximum availability of funds throughout the tenor.
Loans up to Rs.45 lakh
Whether your business has needs for short-term loans, intermediate-term loans or long-term loans, Bajaj Finserv offers business loans up to Rs.45 lakh. You can use the loan amount to invest in infrastructure, expand operations, buy equipment or inventory, or even to increase working capital.
No collaterals needed
Bajaj Finserv’s business loans don’t require collateral, which means you won’t have to put your personal or business assets on the line to qualify for financing. And since you don’t need to pledge collateral, there is no requirement for appraisal of the value of your assets. As a result, funding will be much faster, require less paperwork and will minimize documentation.
As an existing customer of Bajaj Finserv, you will be eligible to get exclusive pre-approved offers from us. These offers may include a top-up loan or even reduction of rates from time to time. This will require less paperwork and will minimize documentation.
Online account access
You have the convenience of accessing your business loan details anytime, from anywhere online. You have free access to your loan account statement and other relevant documents online at your disposal.
Whether you are expanding into a new vertical or growing your existing business, you can avail of a small business loan for finance. In today’s fluxing economic climate, nearly any enterprise can see immediate growth as long as they use the business loan wisely.