What are the types of working capital loans?
Based on your business needs, there are several working capital finance options that you can consider:
1. Short-term or long-term working capital loans
Short-term working capital loans usually have a tenor of about 96 months, while long-term working capital loans typically have a repayment term of up to 8 years.
2. Unsecured working capital loans
These are collateral-free working capital loans that do not require you to pledge any assets as security.
3. Secured working capital loans
Secured working capital loans are provided against an asset, such as property, that acts as collateral for the loan.
Also Read: Types of Working Capital
Bajaj Finserv offers collateral-free and secured business loans as well as a Flexi facility that allows you to manage cash flow better and reduce your EMIs by up to 45%* in the initial tenor. Any of these can help you meet your dynamic business needs when you face a working capital deficit.
*Conditions apply
