How a Flexi Business Loan can help your Business Grow

Whatever the size of your business, Bajaj Finserv Flexi Business Loan can help your business soar to new heights. Business expansion may entail:

• Expansion of premises A growing business might require more space for an office, storehouse, or factory. For example, an online medicine or retail shop may need more space to stock their goods. A service-oriented company may require a bigger office to accommodate an increase in workforce
• Increase in inventory A rising demand for thesale of finished goods requires more raw materials to process them. The manufacturers of auto parts such as seat frames, main housing, flanges, etc. saw their volumes rise due to high auto sales propelled by the rural demand in November 2017
• Increase in inventory As the customer base, and the product range expands, investment in equipment becomes necessary. For example, an Ayurveda company which is manufacturing medicines can expand into cosmetics, nutrition-based foods, and others, requiring more machinery

Other costs associated with a growing business include marketing, salaries, increased working capital, business insurance, licenses and so on. There is one solution to all business fund requirements - a Flexi Business Loan from Bajaj Finserv.

Flexible Loan limit - Borrow When You Need, And Repay When You Can

Bajaj Finserv offers Flexi Loans of up to 80 lakh for a tenor of 12-96 months, which you can borrow as you need, and repay as you can. These loans are a unique credit facility where you get a certain loan limit for a tenor.

It means that if you get approval for, let’s say, up to 80 lakh loan amount, you need not withdraw the whole of it, if you do not need it. You can withdraw as much as is required at a given point of time, till the loan limit is reached.

The interest will be charged only on the borrowed sum, and not the whole loan limit. The limit may drop along the tenor or remain constant throughout the tenor. This facility provides maximum availability of funds throughout the tenor.

Repay When You Can

When you have a surplus amount, you can part-repay it. There are no part payment charges if the total amount paid in a year is less than 25% of the outstanding principal.

However, pre-part payment charges will be levied on the amount paid over and above 25% of the principal outstanding for the year.

Lower EMIs

The unique feature of Bajaj Finserv Flexi Business Loans is that you can choose to pay only the interest component as the EMIs. The principal amount of the Flexi Business Loan can be repaid at the end of the loan tenor.

Illustration: If a Flexi Loan of Rs. 9 lakh is borrowed for 3 years at 15% out of the loan limit of Rs. 12 lakh, then the monthly payout would come to Rs. 11,250 for 3 years. Rs. 9 lakh can be repaid after 3 years.

In regular business term loan, you would have to pay interest overall of Rs. 12 lakh. EMIs would feature both the principal and the interest component, (Monthly payment for Rs. 12 lakh, borrowed for 3 years at 15% would be approximately Rs. 48000.)

Our Flexi loan facility drastically reduces your EMI payouts, making it an easy option for meeting your business needs.

Collateral Free Flexi Loans

A Bajaj Finserv Flexi Business Loan can be availed without pledging collateral. This accelerates the loan approval process, as there is less paperwork involved.