Why choose Bajaj Finserv Business Loan this onam
Onam, the vibrant festival of Kerala, is not just a time for celebration but also an opportunity for businesses to flourish. With the festive season comes increased consumer demand, making it the perfect time for entrepreneurs and small business owners to expand their operations, stock up on inventory, or upgrade infrastructure. To support these aspirations, Bajaj Finance offers tailored business loans designed to meet your financial needs.
Bajaj Finserv Business Loan are a reliable financial solution that can help you capitalise on the festive demand and achieve your growth objectives. With their competitive interest rates, flexible repayment options, and minimal documentation requirements, these loans are an excellent choice for businesses looking to make the most of the Onam season.
Key features of Bajaj Finserv business loan
Bajaj Finserv business loans come with multiple features that make them an attractive financial product for businesses of all sizes. Here are the key highlights:
- High loan amount: Get access to unsecured loans of up to Rs. 80 lakh, allowing you to fund large-scale business requirements without pledging any collateral.
- Flexible repayment tenure: Choose a repayment tenure ranging from 12 to 96 months, making it easier to manage your cash flow.
- Quick disbursal: Once your application is approved, the loan amount is disbursed within 48 hours, enabling you to seize business opportunities without delay.
- No hidden charges: Bajaj Finance ensures complete transparency with no hidden fees, so you know exactly what you are paying for.
- Minimal documentation: The loan application process is straightforward, requiring only essential documents to verify your business credentials.
- Online account management: Monitor your loan details, repayment schedule, and other information conveniently through the Bajaj Finserv customer portal.
Eligibility and documentation required
To apply for a Bajaj Finserv business loan, it is important to meet the business loan eligibility criteria. Check your business loan eligibility here. Below is an overview of the eligibility criteria and documents required:
Eligibility criteria:
- Nationality: Indian
- Business vintage: At least 3 years
- CIBIL Score: 685 or higher
- Work status: Self-employed
- Age: 24 to 80 years*
Documents required:
- KYC documents - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
- PAN card
- Proof of business ownership
- Other financial documents
By ensuring you meet the eligibility criteria and have the necessary documents ready, you can expedite the loan approval process and secure funding for your business needs.
Interest rate and charges on business loan
Understanding the business loan interest rate and associated charges is crucial for effective financial planning. Bajaj Finserv offers competitive interest rates, ensuring affordability for borrowers. For more information, you can visit the dedicated page on business loan interest rate.
Interest rate and charges table:
| Type of charge | Details |
|---|---|
| Interest rate | Starting from 14% per annum |
| Processing fee | Up to 4.72% of the loan amount |
| EMI bounce charges | Rs. 1,500 per bounce |
By choosing Bajaj Finserv, you can benefit from transparent terms and competitive rates, making it easier to manage your loan repayment.
How to apply for business loan during Onam
Applying for a Bajaj Finserv business loan is a simple and hassle-free process. You can follow these steps to get started:
- Check your eligibility: Use the online eligibility calculator or visit the business loan eligibility page to ensure you meet the criteria.
- Gather your documents: Prepare the necessary documents, such as KYC details, business proof, and financial statements.
- Submit your application: Visit the Bajaj Finserv website and click on the apply for business loan option. Fill in your personal and business details.
- Await approval: Once your application is submitted, it will be reviewed, and you will receive approval within 24 hours if all criteria are met.
- Receive funds: Upon approval, the loan amount will be disbursed directly into your bank account, enabling you to utilise the funds for your business needs.
By applying during the Onam season, you can ensure that your business is well-prepared to meet the festive demand and maximise profitability. Check your pre-approved business loan offer and secure quick funds.
Conclusion
Onam is a time of celebration and growth, and Bajaj Finserv Business Loan provides the financial support needed to make the most of this festive season. With their quick disbursal, flexible repayment options, and minimal documentation requirements, these loans are designed to empower businesses and help them achieve their goals.
