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How To Make The Most Of Your Flexi Business Loan

  • Highlights

  • Flexi business loans are a great alternative to regular business loans

  • Flexi loans can help you manage your working capital

  • They make funds easily available

  • They help improve your cash flow

Finance is an absolute necessity to run a business. You need capital for everything from purchasing locations and equipment to paying your employees. When your cash flow isn’t sufficient to do all these, you can approach banks or NBFCs for business loans.

Typical business loans from banks may take 7-14 days for approval and disbursal. That is where a Flexi business loan can come to your rescue. Built keeping in mind the actual requirements of running a business, a Flexi loan allows you borrow any amount within a loan limit, as per your requirements. This also means that you can borrow multiple times with a single application, unlike with regular business loans.
Moreover, you will be charged interest only on the amount you borrow. That reduces your EMI by almost half.

What’s more, you have the option to prepay a part of the amount at no additional cost. That is to say, you can shift your repayment according to your cash flow.

Flexi Business Loan Uses

There are many ways that a Flexi business loan can be of use. Here are a few:

1. Working Capital Management: Flexi business loans are a great way to manage your working capital. When your capital is drying up, you can simply borrow the amount you need and pay the interest only on that amount. This will not only help you address any short-term requirements, but also help you improve your general cash flow.

2. Meet Unexpected Expenses: When sudden unexpected expenses come that require immediate attention, you won’t have to wait to pay if you avail a Flexi loan. This is because Flexi business loans come with a short approval period of just 24 hours. Once you’ve been approved, you can receive the cash in your account within just 2 hours.

How To Get Small Business Finance From Bajaj Finserv

Step by step guide to applying for a Flexi Business Loan from Bajaj Finserv

Flexi 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, such as a pre-approved loan limit from which you can borrow when you need, and prepay when you can. They require only a minimum of documentation to apply for, and come with easy eligibility criteria. Here, we tell you the step-by-step process to apply for a Bajaj Finserv Flexi Business Loan.

3. Easy Availability of Funds: Since Flexi business loans are available in both secured and unsecured formats, it really is an easy source of funds. Moreover, they require minimum documentation and can be applied for online. This makes it even easier to avail one when you need it.

4. Better Plan Your Borrowing and Repayment Process: Flexi loans offers as much Flexibility with the repayment process, as it does with the borrowing process. When your cash flow is high you can increase the EMI payments you make and vice versa.

Moreover, if you make an unexpected profit, you can use that to pay your loan off as well. This allows you to plan your borrowing and repayment process better.

Thus, Flexi business loans break the rigidity of the regular business loans, and offers a chance to give and take. Isn’t that what business is all about?

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