How to get a secured business loan on property?
Starting or expanding a business requires considerable investment. For business owners, meeting expenses to set up the firm, renovate infrastructure, stock inventory, etc. needs substantial capital.
If your enterprise is considerably recent and you need financing, opting for a secured business loan from Bajaj Finserv is the best option. You may wonder how to get term loan now.
Bajaj Finance brings this easy-to-access high-value business loans on property with long repayment tenure and affordable rates of interest. Secure your company’s future by mortgaging your existing property and avail a loan of Rs. 10.50 crore*, basis eligibility. Repay this amount over a longer tenure which may extend up to 15 years* for strong applicants. By using your property as collateral, you can unlock access to large funds of up to Rs. 10.50 Crore*—it is a smart way to manage your finances with ease! Get funds within 72 hours* of approval.
Get self-employed loan fast with approval within 72 hours* from Bajaj Finance.
1. Chalk out the reasons for which you require the funds
Your purpose for the loan determines its type, applicable interest rates, suitable repayment tenure and more. So, evaluate your needs and seek an amount you are eligible for. This largely increases the chances of loan approval.
2. Decide the loan amount you require
With Bajaj Finserv, you can apply for a loan against property of Rs. 10.50 crore*, basis eligibility. However, availing a higher amount unnecessarily can increase your chances of defaulting while a lower amount will be insufficient for your needs. If you want to know how to get a business loan, apply for a loan amount which can fulfil your financial requirements as well as fit your repayment capabilities. Enjoy lower EMIs starting from Rs. 750/lakh* and longer repayment tenures.
Meet the eligibility criteria and calculate the appropriate amount required by factoring in all the costs associated. You can use our Loan Against Property EMI Calculator to assess the monthly outflow and plan your finances accordingly.
3. Select the best lender and apply
Your answer to where to get a business loan is here. Approach Bajaj Finserv and avail exclusive benefits and features on your secured loan. We bring the simplest way to get funding for an organisation:
a. Meet the eligibility conditions
The market value of your property primarily decides the amount you are eligible to avail. Additionally, meet the age income criteria to qualify. Also, get ready with the documents required.
b. Fill the online application
Enter all the correct details in the online application form and submit it. Wait for our representatives to get in touch with you.
c. Submit the documents
Provide us with your documents after your loan application gets approved. Enjoy doorstep service as our representatives visit you to collect your documents.
Whether it is expanding your business or funding your child's education, our loan against property can help without parting with your asset. Get a loan of up to Rs. 10.50 Crore* with the option of interest-only EMIs during the initial tenure.
