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Bajaj Finserv Business Loan – Know How to get

  • 2 min read

  • Highlights

  • Ensure that you meet the eligibility criteria

  • Choose from online or offline application methods

  • Submit the form and relevant documents

  • Receive the funds directly into your bank account

A business loan is a viable way of raising finance for various purposes like purchasing new assets, buying new premises or expansion. Bajaj Finserv’s Business Loan gives you funds up to Rs.20 lakh along with various benefits like nominal rate of interest, Flexi Loan facility, and flexible prepayment terms. But, before you plan how you will use the funds, you should be aware of the application process. Bajaj Finserv has an easy application procedure that helps you raise funds in a timely manner. Here is how you can go about getting the loan.

1. Eligibility Criteria and Documents Required for Bajaj Finserv Business Loan

Every loan has eligibility criteria that you need to meet in order to qualify for the loan. With regards to this loan, you must meet the following conditions:
1.You should be aged between 25-55 years
2.Your business should be at least 3 years old

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.

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.

How To Get Small Business Finance From Bajaj Finserv

Dos and Don’ts when applying for a Business Loan

Business loans from Bajaj Finserv are designed specially to help growing businesses meet their financial requirements. Easy to apply for and hassle-free to avail, these loans come with several unique benefits that make them the ideal mode of business finance for small and medium sized enterprises. However, when applying for a business loan, there are certain dos and don’ts that you should keep in mind, in order to ensure that your application is processed smoothly. Here, we tell you what they are.

Dos and Don’ts when applying for a Business Loan

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.

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