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Need Urgent Finance for Your Small Business? Choose a Bajaj Finserv Business Loan

  • Highlights

  • Bajaj Finserv Business Loans come with high loan amount

  • Minimal documentation makes applying easy

  • Get quick approval within 5 minutes

  • Flexi loan facility makes the loan more affordable

Your growing business may need immediate funds for a variety of needs. Whether it is to purchase raw materials for a new order, service your working capital or help you pay your employees on time, getting money at the right time is sometimes imperative to keep your business running. As the business owner, it is prudent for you to identify convenient sources of external finance, which will ensure that your urgent needs are met. One way to ensure that your firm’s monetary needs are fulfilled with immediacy is by taking a Bajaj Finserv Business Loan. Here’s why.
5 Benefits of Business Loans from Bajaj Finserv

Simple eligibility criteria

All you need to qualify for this Business Loan is to be an Indian citizen between 25 and 55 years of age. Your business vintage should be at least 3 years with at least 1 year’s proof of filing income tax returns. The last requirement is to get your business’ previous year’s turnover audited by a chartered accountant.

Minimal documentation

With limited paperwork required for this loan, you don’t need to spend time collecting documents when you’re in a hurry. All you need is to submit essential documents like business proof, financial documents, KYC documents, and bank account statement along with your passport-size photographs.

Easy application process

With a simple 3-step process, applying for this loan is both quick and convenient. Rather than visiting a lender personally or spending time in queues, you can apply online in minutes. First, fill out and submit the online application form. Then, you will hear from the representatives of Bajaj Finserv within 24 hours with a pre-approved loan offer. Lastly, you will need to submit the needed documents. Your documents will be verified and then your loan amount will be disbursed. The usual timeline for this is 48 hours.

No need for collateral

Since Bajaj Finserv’s Business Loan is an unsecured loan, you don’t need to submit any form of collateral as security. This means that applying for the loan is faster at your end, and doesn’t take time for approval either, as there is no asset that needs to be assessed.

Quick approval

Once you have submitted the application form, you will know if your loan has been approved or not in just 5 minutes. When you’re in need of urgent cash, the faster you get to know the status, the better it is.

Additional Read: How to Choose The Right Machinery Supplier

Flexi loan facility

To cater to the needs of growing businesses, Bajaj Finserv offers innovative Flexi Business Loans. These loans give you the maximum amount that you qualify for. Once you choose your tenor, you can borrow as much as you need from the loan limit, up to the maximum limit and within the tenor.
You gain from this feature in two ways: not only does this give you access to money as and when your business needs it without making multiple loan application, but it also charges you interest only on the amount used. This helps you save time, meet urgent expenses and save money. You can borrow as many times as you want, and make part-prepayments when you have excess funds. You can re-avail the repaid amount too.
Further, your EMIs have the option to comprise of just the interest component, making managing cash flow easier for you. You can pay the principal at the end of the tenor. This loan facility makes it easier for you to meet your last-minute needs for financing easily and is cheaper for you than a term loan.

Everything you should know about Fixed Deposit

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

With a substantial loan amount up to Rs.20 lakh, Bajaj Finserv’s Business Loan ensures that your urgent financial worries are well taken care of. You are free to use these funds in any area of your business without restriction. With added offering of a Flexi loan facility, you can save money and finance unpredictable business needs too.

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