How to Get a Business Loan by Bajaj Finserv

3.Your business should have Income Tax returns filed for at least the past one year
4.The previous year’s turnover should be audited by a chartered accountant

2. Select the mode of application

You can apply for the loan either online or offline. The offline procedure requires you to SMS ‘BL’ to 9773633633. Shortly after, a Bajaj Finserv representative will get in touch with you with a pre-approved offer. The online procedure involves filling and submitting the application form along with your documents after which the company representative will get in touch with you. The online mode is more convenient if you don’t have the time to visit a branch.

Additional Read: 5 Types of Business Data That Impact Business Funding Ability

3. Enter your details and submit the documents

When you’re applying online, ensure you go through the application form thoroughly. Fill in your personal details like name, date of birth, tenor and principal with care. Once you complete this step, submit the application online along with photocopies of the relevant documents.

4. Receive your loan after verification

Once you have submitted your application, a representative will verify all your documents and your application. After this, your loan will be approved. Once approved, you will receive the loan amount directly in your bank account in as soon as 24 hours. This means you don’t have to worry about waiting in long queues, cashing a cheque or travelling to the branch multiple times to get access to the loan amount.

Following these steps can help you get the Bajaj Finserv Business Loan in no time. By helping you instantly raise finance for pressing needs such as working capital expenses or expansion, this loan offers an affordable solution.