EXPANDING OFFICE SPACE
You may need to expand your workplace depending on how many new staff members you hire. It will cost a substantial amount to either move to a bigger office or buy a neighbouring place.
SET-UP NEW WAREHOUSES
You'll probably need extra warehouses to house your inventory when your business grows. The cost of purchasing a location for new warehouses is high. In that situation, a top-up on your home loan balance transfer will be helpful.
New machinery is one of the biggest corporate growth expenses. More employees and machinery are needed to boost production. These can cost you tens of lakhs per month.
Give your employees the tools they need to succeed. To enhance efficiency, buy cutting-edge machinery, train workers, and buy a programme that tracks organisational goals.
Frequently asked questions
When you transfer an existing home loan from one lender to another, you are doing a home loan balance transfer. With Bajaj Finserv, this facility allows you to get low interest rates starting at 9.50%* p.a., more convenient terms, and a sizeable top-up loan of Rs. 15 Crore for other financial needs.
A home loan top-up is additional financing available when you switch your home loan to Bajaj Finserv. Transfer your current home loan to us and receive a top-up loan of Rs. 15 Crore.
The loan has no end-use limitations, which means you can use the amount for anything, from home renovation or interiors or wedding to even paying for emergency medical bills.
You can apply for a home loan balance transfer after paying off 6 monthly instalments to your current lender. When applying, you must not have outstanding dues on your present loan.
There is no limit on the balance transfer amount with the home loan balance transfer facility. The loan amount sanctioned is based on your income profile, CIBIL Score, and the value of your home
Typically, switching to a lender via a home loan balance transfer takes 5 to 10 days. This duration is also affected by how fast you receive the foreclosure letter and other documents from your current lender.