Vendor financing is a credit facility wherein a vendor lends money to a customer to buy the services or inventory provided by the vendor. It is a lending arrangement by the vendor and may also involve the transfer of shares from the customer to the vendor.
Your business can need to pay various vendors at different phases, be it during manufacturing or post-manufacturing. A shortage of funds can delay the process of paying your vendors and ultimately hinder the goods or services being delivered within your production deadline.
Avail Vendor Financing from Bajaj Finserv to pay vendors on time and ensure a smooth flow of business operations.
Bajaj Finserv provides up to Rs. 45 lakh as vendor financing on an unsecured basis.
With the Flexi Loan facility from Bajaj Finserv, you can withdraw cash as and when needed and repay when your business has surplus cash.
The vendor financing scheme from Bajaj Finserv comes with fast processing and quick disbursal facilities to make it hassle-free and quick.
You can choose a tenor from 12 to 84 months, to repay your loan as per your convenience.
Bajaj Finserv offers competitive vendor finance interest rates that make repaying easier.
With pre-approved offers on vendor finance from Bajaj Finserv, the process of availing financing is further simplified.
You can easily qualify for vendor finance by meeting the simple eligibility criteria listed below.
If you fulfil these eligibility parameters, submit basic documents to avail of vendor finance. The list of required documents is given below.
Bajaj Finserv offers vendor finance at affordable rates of interest and nominal processing charges with 100% transparency. The list of fees and charges is given below.
|Types of Fees||Applicable Charges|
|Rate of interest||17% p.a. onwards|
|Processing fees||Up to 2% of the loan amount (plus applicable taxes)|
Statement of account/repayment schedule/foreclosure letter/No Dues Certificate/interest certificate/list of documents
|Download your e-statements/letters/certificates for free by logging into our customer portal, Experia. You can also get a physical copy of your statements/letters/certificates/list of documents from any of our branches at a charge of Rs.50 (inclusive of taxes) per statement/letter/certificate.|
|Bounce charges||Up to Rs.3,000 (Inclusive of applicable taxes)|
|Penal interest (Applicable in case of non-payment of monthly instalment on/before the due date)||2% per month|
|Document processing charges||Rs.2,000 plus taxes|
Get up to Rs.45 lakh to upgrade equipment | Pay only interest as EMIKNOW MORE
Convert your existing loan | Pay lower EMIs by up to 45%*KNOW MORE
Get up to Rs.45 lakh to manage operations | Flexible tenor optionsKNOW MORE
Get funds up to Rs.45 lakh | Minimal documentationKNOW MORE