2 min read
25 May 2021

You could need finance to boost working capital, for expansion or for purchase of new premises. Raising finance for these expenses on your own can be difficult, especially if you don’t want to dip into your savings. So, you can rely on the Bajaj Finserv Business Loan. This loan offers you a range benefits. Take a look at 5 that make it the most convenient way to finance business needs.

Lets you finance unpredictable expenses

Your business could have a range of unpredictable expenses like repairing machinery and or paying vendors when you haven’t received payments from clients. For such expenses, Bajaj Finserv’s Business Loan offers you a Flexi Loan facility. This allows you to make multiple withdrawals from the sanctioned amount as and when required. You only have to pay interest on the amount that you use. You can also choose to pay interest-only EMIs. Repay the principal at the end of the tenor and withdraw, repay and redraw funds as many times as you want to.

Lets you avail a loan without collateral

If you don’t have too many business assets or don’t want to risk them as security, you can still qualify for this loan. It allows you to receive your loan amount without pledging collateral or nominating a guarantor.

Comes with pre-approved offers for quick funding

If you are dealing with an emergency, such as rainwater damage, you will need funds in an instant. If you are already a customer with Bajaj Finserv, you can avail this loan on a pre-approved basis. You don’t have to go through the entire application process again. Since your basic details are already with Bajaj Finserv, you just have to provide the balance information to get loan approval. If you are a new customer too, you can get access to funds in just 24 hours when you apply online. This helps you furnish your firm with needed funds as soon as possible.

Provides online access to monitor your loan

When running a business, it is important for you to be able to access all your loan details at the click of a button. This loan features an online portal, where you can view your interest and principal statements. You can easily access this by entering your user ID and password. This way, you can get an overview of your loan at your convenience.

Features a nominal rate of interest

This loan reduces the repayment burden for you as it has a reasonable rate of interest. This prevents you from having to pay various add-on costs, like penal interest, and ensures that your credit score doesn’t decline. It also allows you to save a larger portion of revenues that you can pump back into your business.

Be it financing the purchase of a new premise, paying rent or even purchasing new machinery, a business loan from Bajaj Finserv is the fastest and most affordable way to finance expenses conveniently.
 

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