Buying new machinery is one of the most expensive aspects of growing a business. To increase production, you need additional equipment and employees to run it. All of this can demand quite a substantial investment.
Keep up with the constantly changing wants of customers by coming up with new products and solutions. Invest in technology upgrades to improve the quality of your products or try a new production method that multiplies your outcome.
Invest in the right tools to help your employees reach their goals. Buy the latest equipment to speed up production, enrol your employees into the latest courses to improve their skills, and purchase goal-setting software.
Maintain a steady stock of the newest products for your clients. Any seasonal or quick-moving business needs a flawless supply chain. Prevent gaps in your inventory by utilising the operating capital that a secured business loan offers.
Frequently asked questions
Once you meet the eligibility criteria and submit the required documents, you can get a secured business loan of up to Rs. 1.05 crore (inclusive of insurance premium, VAS charges, documentation charges and Flexi fees).
Bajaj Finance offers secured business loan with the Flexi variants that allow you to withdraw money as per your requirement from a sanctioned loan amount. You will have to pay interest only on the withdrawn amount and not on the entire loan limit. With the Flexi Hybrid Loan, you can also part-prepay when you have extra funds without any additional charge.
We offer easy online access to loan statements through our customer portal, My Account. With the help of this portal, you can view and manage your loan account from anywhere in the world. You can also download the e-statements and certificates free of cost.
You can apply for a secured business loan even if you have an existing loan. Please note that having multiple loans simultaneously may impact your credit score.