2 min read
25 May 2021

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 the sale 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 Finance offers Flexi Loans of up to Rs. 80 lakh for a tenure of 1 year to 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 tenure.

It means that if you get approval for, let’s say, up to Rs. 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 tenure or remain constant throughout the tenure. This facility provides maximum availability of funds throughout the tenure.

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 tenure.

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.
 

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on No Cost EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

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