How to use mortgage loan for business for self-employed
Business owners can use a mortgage loan for self-employed applicants to fund a range of professional operations. Bajaj Finserv offers different types of mortgage loans, also known as a loan against property for self-employed borrowers, with high loan amounts and a lengthy tenor of up to 15 years*.
Uses of a mortgage loan for business activities
Below illustrated are the ways in which you can utilise your mortgage loan into business activities.
- Expanding business
Use the ample funds from a loan against property to set up a new office, branch into a new location, add to your fleet or warehouse space and more.
- Renovating office space
Update your workspace, be it with new furniture and fixtures, redesigned interiors, or upgraded employee workstations with the Bajaj Finserv home renovation loan.
- Installing advanced equipment and machinery
Boost business efficiency in today’s competitive market with state-of-the-art machines, software, and IT services. Our affordable mortgage loan rates and flexible tenor allow you to repay conveniently.
- Recruiting qualified personnel
Increase business productivity or fuel expansion by hiring qualified staff. You can easily finance recruitment with the Bajaj Finserv Mortgage Loan.
- Financing working capital
Meet your urgent capital needs and maintain optimum cash flow by meeting our simple mortgage loan eligibility criteria and minimal requirements of documentation.
- Stocking up inventory
Raw materials, spare parts and stock are integral for business success, and you can ensure you have them in good supply using funds from this loan.
- Investing in marketing and advertisement
Use a mortgage loan to improve your bottom line by financing your online and offline marketing campaigns.
With so many ways to increase business revenue, a mortgage loan can be a gamechanger for your enterprise. To get started, fill up the online application form after meeting the eligibility parameters and get the funds in your bank account within just 72 hours** from approval.
Also Read: What is loan to value in mortgage loan