One of the biggest expenses for which you will need funds is to buy the right machinery for your business. Renting machinery is an option, but it can prove to be expensive in the long run. Invest in the right equipment from the start.
Streamline production by upgrading your systems to the most recent versions and buying newer, safer parts as they become available. Spend money on productivity software. With the right incentives, you can inspire your staff to aim higher.
Keep up with the technological changes in your business to create room for innovation. Try out different kinds of equipment to come up with new lines of products. Use latest marketing software to target new customer segments.
Make the most of opportunities by expanding your business to new locations. By buying or renting more equipment on a seasonal basis, you can increase production to meet higher market demands.
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 You will have to pay interest only on the withdrawn amount and not on the entire loan limit.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.