What is the interest rate on working capital loans?
The interest rate on working capital loans depends on a number of factors that affect your eligibility. These include the type of enterprise you have, your business vintage and revenue. The Bajaj Finserv Working Capital Loan comes with an attractive interest rate that starts at 14 to 26 p.a. for a sanction amount of up to Rs. 80 lakh.
Use the Business Loan EMI Calculator to calculate the total interest payable on your working capital loan.
Frequently asked questions
Certainly, Bajaj Finance offers working capital loans to businesses. These loans are specifically designed to help cover the day-to-day operational expenses of a company, such as payroll, inventory, and other immediate financial needs.
A working capital loan is a type of short-term loan that businesses often use to finance their daily operations, such as covering payroll, managing inventory, and handling other operational expenses. Unlike traditional term loans, working capital loans do not necessarily require collateral and are generally easier to obtain. These loans provide businesses with the necessary liquidity to ensure smooth operations and can be crucial during times of growth or financial strain.
