As an entrepreneur, scaling your operations enables you to achieve new levels of success. Business expansion may take the form of upgrading equipment, starting a new production house or starting or taking up a franchise. While growth offers new opportunities to increase profits and revenue, it comes at a cost. To fund business expansion with ease, consider the Loan Against Property, a feature-packed secured loan that allows you to bolster your services conveniently, without having to settle for anything but the best.
Here’s why the Bajaj Finserv Loan Against Property is a great option for business expansion.
Affordable High-value Sanction Helps You Cover all Costs
Depending on the property you pledge, the Bajaj Finserv Loan Against Property offers a high sanction of up to Rs. 3.5 crore on cost-effective terms, letting you meet varied business expansion expenses with ease. Whether you want to purchase a lathe machine for your workshop or hire highly-skilled staff for your research and development department, with an ample sanction available, you can cover all the expansion expenses without worry. It also means that when you avail a Loan Against Property from Bajaj Finserv, you don’t have to dip into your savings or cut into your current working capital to bring your project to fruition.
Flexible Withdrawal and Repayment Terms Help You Make the Most of the Funds
Business expansion often demands funding one phase at a time. Consider that you want to establish a new production house. You will first need to acquire a workspace, then purchase and install equipment and finally hire skilled and semi-skilled staff. Post this, you must procure raw materials and only then, start full-fledged production. At each step you will need adequate funding, which will allow you to fund your business expansion in a seamless manner.
Additional Read: Use A Loan Against Property To Start Your Business
To help achieve this in a cost-effective manner, Bajaj Finserv offers a Flexi Dropline facility. With it you can withdraw funds on the go as per your needs. Further, you incur interest only on the amount you withdraw and can choose to repay the loan via interest-only EMIs through the tenor and pay off the principal only in the end. This way you can fund each phase and manage your cash flow effectively as well.
Simple Eligibility Help You Qualify for the Loan Hassle-free
There are times when you need to make quick business decisions. However, accommodating a new project so as to grab opportunities in the market may require you to pump in additional working capital and, in such events, having quick access to funding will help you sail through with ease. With Bajaj Finserv, you can qualify for the loan without much ado and make the most of the tailwinds of the market. All you need to do is meet the simple eligibility criteria, as follows.
- You should be a resident Indian aged between 25 to 70 years
- You should be a self-employed applicant earning a regular source of income
- You should be residing in a city belonging to the approved list
Quick Approval and Fast Disbursal Help You Start Business Expansion without Delay
In addition to meeting the simple eligibility terms, you are required to submit minimal documentation to support your application. Gathering these documents and submitting them in a go hastens your approval. Here are the documents you will need to produce when applying for the Bajaj Finserv Loan Against Property.
- Last 6 months’ bank account statements
- Identity proof like PAN card and Aadhaar card
- Address proof like ration card
- Copy of the property documents
By checking all the eligibility terms and submitting the right documentation, you pave the way for a speedy loan application. With Bajaj Finserv your loan is not only approved but the finances are disbursed, as well in just 4 days!
Customised Offers and One-step Approval Help Meet Requirements Quickly
Bajaj Finserv offers customised deals on Loan Against Property offerings that give you access to instant finance via one-step, hassle-free online approvals. Lenders extend a pre-approved offer only after doing a thorough background check on your creditworthiness and income. Upon doing so, the application procedure is streamlined, and the approval hastened. This allows you to expand your business and start reaping benefits without delay.
To get started, check your pre-approved offer today! All you have to do is share your basic details like name and contact number and login in using the OTP that you receive. Now that you know what makes a Bajaj Finserv Loan Against Property an excellent option for business expansion, apply for now and give your business a chance to grow by leaps and bounds.
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