Why choose Bajaj Finserv business loan this Raksha Bandhan
Raksha Bandhan is a celebration of the bond between siblings, symbolising trust, care, and commitment. This festive season, as you look to grow your business and secure its future, Bajaj Finserv’s business loan can be the ideal financial solution. Whether you are planning to expand operations, invest in new equipment, or manage working capital, Bajaj Finserv offers tailored business loans to meet your unique requirements.
With flexible repayment options, competitive interest rates, and minimal documentation, Bajaj Finserv ensures that your financial journey is seamless and stress-free. Read on to explore why Bajaj Finserv business loans are the perfect choice for entrepreneurs during Raksha Bandhan.
Features of Bajaj Finserv business loan
Bajaj Finserv business loans come packed with features that make them a preferred choice for entrepreneurs. Here are the key benefits:
- High loan amount: You can avail of loans up to Rs. 80 lakh to meet diverse business needs.
- Collateral-free loan: These loans are unsecured, meaning you do not need to pledge any assets as security.
- Quick approval and disbursal: The loan application process is fast, ensuring that funds are disbursed within 48 hours post-approval.
- Flexible repayment options: You can choose repayment tenures ranging from 12 to 96 months, allowing you to plan your finances effectively.
- Pre-approved offers: Existing customers can benefit from pre-approved loan offers, saving time and effort.
- Transparency: Bajaj Finserv maintains complete transparency with no hidden charges, ensuring a hassle-free experience.
- Online account management: You can easily track your loan details, including repayment schedule and EMI status, through the Bajaj Finserv customer portal.
Eligibility and documentation required
To apply for a Bajaj Finserv business loan, you need to meet specific eligibility criteria and provide essential documents. Here is a summary:
Eligibility criteria:
- You must be an Indian citizen aged between 24 and 80 years (at loan maturity).
- Your business should have a minimum vintage of three years.
- You should have a steady annual turnover as specified by Bajaj Finserv.
Also, don’t forget to check your business loan eligibility to prepare better before applying.
Documentation required:
- KYC documents (Aadhaar card, PAN card, passport, etc.)
- Business proof (registration certificate, GST returns, etc.)
- Financial documents (bank statements, profit and loss statements, etc.)
- Passport-sized photographs
By ensuring you meet the eligibility criteria and preparing the necessary documents in advance, you can expedite the loan approval process.
Interest rate and charges on business loan
Bajaj Finserv offers competitive interest rates and transparent charges to make borrowing affordable. Below is a summary of the costs associated with their business loans:
| Parameter | Details |
|---|---|
| Interest rate | Starting from 17% p.a. |
| Processing fee | Up to 2% of the loan amount |
| Foreclosure charges | Nil after six months of loan tenure |
| EMI bounce charges | Rs. 3,000 per bounce |
| Penal interest | 2% per month on overdue amount |
For detailed information, visit the business loan interest rate page.
How to apply for business loan during Raksha Bandhan
Applying for a Bajaj Finserv business loan is simple and convenient. Follow these steps to get started:
- Check your eligibility: Use the business loan EMI calculator to determine your monthly instalments and ensure that the loan fits your budget.
- Gather necessary documents: Prepare all required documents, including KYC and business proof.
- Submit your application: Visit Bajaj Finserv’s website and fill out the online application form. Alternatively, you can apply through their mobile app.
- Await approval: Once your application is submitted, Bajaj Finserv will verify your details and approve the loan if you meet the criteria. Check your pre-approved business loan offer to see if you qualify for faster approval and instant disbursal.
- Receive funds: Upon approval, the loan amount will be disbursed to your account within 48 hours.
For more details, visit the apply for business loan page.
Conclusion
Raksha Bandhan is a time to strengthen bonds and plan for the future. Bajaj Finserv business loan can help entrepreneurs achieve their goals by providing quick, hassle-free funding solutions. With features like collateral-free loans, flexible repayment options, and competitive interest rates, Bajaj Finserv ensures that your business needs are met effectively.
