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Unique benefits of business financing by Bajaj Finserv

  • 2 min read

  • Highlights

  • Nominal interest rate and flexible repayment terms

  • Collateral-free loans up to Rs.20 lakh

  • Easy eligibility and application process

  • Pre-approved offers and quick disbursal of funds

Bajaj Finserv offers customised and affordable finance that helps you cater to varied business needs with ease. With low interest rates, flexible repayment options and good customer service, this option is convenient and hassle-free and will help you improve the profitability of your business.

Choose the following customised business loans options from Bajaj Finserv:

-Working Capital Loans to manage daily business operations
-Machinery Loans to finance equipment purchase and related costs
-Business Loans For Women that give female entrepreneurs financial support
-SME/MSME Business Loans to finance small-scale businesses
-Business Loans for traders, manufacturers and service enterprises

When you opt for Bajaj Finserv's Business Loans, you can enjoy the following benefits.

Additional Read: Types of Business Loan

Flexi Loan facility for meeting unpredictable business needs

You can opt for a Flexi Loan facility under any Bajaj Finserv Business Loan wherein you get an approved loan amount for a fixed period. You can make withdrawals from this sanctioned amount in instalments of your choosing, as and when the need arises. The rest of the amount will be available to you until the end of the tenor at your discretion. More importantly, you will only have to pay interest on the amount that you use. This helps you save on interest payments on the unused amount. Also, you have the freedom to pay just the interest as EMI, while the principal is payable at the end of the tenor. This means that you can manage your cash flow efficiently, and plan your loan in a way that the repayment time coincides with your business receivables. You can also make part prepayments when you have excess income, and re-avail prepaid funds when you need to at no charge.

Simple eligibility criteria with minimal documents to increase convenience

The eligibility criteria for a Bajaj Finserv Business Loan are simple, making it easy for you to access funds via this loan. You should be between 25–55 years old, with a business vintage of at least 3 years. Besides, you should have filed business tax returns for at least a year, and have your turnover audited by a chartered accountant.
In a nutshell, the following business types are eligible for a business loan:
-Self-employed professionals like doctors, accountants, etc.
-Self-employed non-professionals like traders, manufacturers, retailers, etc
-Entities such as partnerships, limited liability partnerships, private limited companies and closely held limited companies
Along with your application, you only have to submit a handful of documents such as KYC documents, certificate of business and financial documents including bank statements to avail the loan. This reduced the time you spend on applying for the loan and offers faster processing too.

Availability of a high loan amount to meet your business requirements

With a high loan amount of Rs.20 lakh, you can use the funds for various business needs such as buying equipment, upgrading or expanding your existing setup or to fill working capital gaps. Once you take the loan, there is no restriction on how you can use the amount.

Collateral-free loans that are easy and simple to apply for

Bajaj Finserv’s Business Loans are collateral-free so you need not risk your personal or business assets. Since you don’t have to pledge an asset, the application and approval process is even quicker.

Additional Read: Pros and cons of Business Loan without collateral

Pre-approved loan offers that give you access to fast financing

Pre-approved offers include discounted interest rates and additional top-up loans. These can help fulfil additional finance needs as your business grows. Besides, if you’re an existing customer with Bajaj Finserv, you have the added benefit of not having to apply for the loan from scratch, since your basic details are already in the records.

How To Get Small Business Finance From Bajaj Finserv

Easy online application for increased convenience

You can apply for a Bajaj Finserv Business Loan from the comfort of your home or office at the click of a button. You can get the loan approved almost instantly because of the simple online process and minimal documentation requirements.

Fast approval and disbursal of funds for urgent business needs

With up to Rs.20 lakh available to you in as soon as 24 hours, you can finance even the most urgent business needs in a timely manner.

Thus, with its affordability and flexibility, Bajaj Finserv Business Loans are the ideal funding solution. You can use choose the best loan based on your requirements and propel your business into the next phase of growth.

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