As your business grows, it needs more capital to flourish, and a business loan can help you secure the right amount of funds. Compared to other options, business loans are one of the quickest and most affordable ways to arrange capital for your business. It is especially true when you pick Bajaj Finserv Business Loans. The offering consists of several collateral-free loans that you can use to raise finances for your business. Here’s a quick overview of the loans that you can choose from.
SME/ MSME business loan
Designed to meet the financial needs of small and medium enterprises, the SME/ MSME business loan is a convenient option through which you can get approval in just 24 hours. The loan has a high limit of Rs. 50 lakh and has a flexi loan facility, which allows you to borrow funds as you go. There’s no limit on the number of times that you can borrow, repay and redraw funds so that you can withdraw as per your business requirements. Further, you have the option of paying only the interest portion as EMIs and the principal at the end of the tenor.
You can apply for this loan if your business profile belongs to any of the following:
- A self-employed professional such as a doctor, chartered accountant, architect or company secretary practising the profession
- A self-employed non-professional such as a trader, retailer, proprietor, etc.
- An entity such as a partnership, limited liability partnership, private limited, and closely held limited company
Business loan for women
Bajaj Finserv’s Business Loan for women features nominal interest rates, easy eligibility, and quick approvals with businesswomen in mind. Offering a loan limit of up to Rs. 80 lakh and online approval in 24 hours followed by disbursal in 48 hours, this loan is easy to secure. Further, the flexi loan facility is available to you when you select this loan. You can qualify for this customised loan by meeting minimal eligibility criteria, and you only have to submit a few essential documents. You can apply for this loan if your business profile belongs to any of the following:
- A self-employed professional such as a doctor, chartered accountant, architect or company secretary practising the profession
- A self-employed non-professional such as a trader, retailer, proprietor, etc.
- An entity such as a partnership, limited liability partnership, private limited, and closely held limited company
Machinery loan
A machinery loan provides funding to help you repair, replace or upgrade machinery. With a limit of Rs. 50 lakh, you can turn to this collateral-free business loan when you face an untimely equipment breakdown or need to make new equipment or software purchases for your business on time. If you are an existing customer of Bajaj Finserv, you will be able to access this loan on a pre-approved basis, which speeds up the time you can access funds. You can apply for this loan if your business profile belongs to any of the following:
- Private limited company
- Partnership firm
- Proprietorship firm
- Self-employed professional such as a chartered accountant
Working capital loan
Whether it is to finance short-term expenses or improve your firm’s cash flow, a working capital loan aids the smooth functioning of your business. This loan is collateral-free and offers funds up to Rs. 80 lakh. It also features pre-approved offers such as top-up loans and discounts on interest rates. Additionally, you can apply for and manage the loan online, making it convenient when you need urgent funds. You can apply for this loan if your business profile belongs to any of the following:
- Limited or private limited company
- Partnership firm
- Proprietorship firm
- Self-employed professional such as a chartered accountant
Besides these four loans, you can also choose from customised offerings such as:
- Business loan for traders
- Business loan for manufacturers
- Business loan for service enterprises
Enjoy benefits like easy documentation, quick disbursal and customised business loans when you choose Bajaj Finserv to steer your business towards the next phase of growth.
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