A long term working capital is a loan that has a tenor of more than 12 months.
The primary advantages of these loans include:
1. Has lower interest rates as compared to that on short-term loans.
2. Gives more repayment time, thus enabling a business to adjust its borrowings with its long-term plans.
3. Provides flexibility by making it easier for businesses to repay it.
Businesses can use a long term working capital to maintain a healthy working capital or to fund its long-term growth plans.
Bajaj Finserv offers Long-Term Working Capital Loans up to Rs.30 lakh that can repaid in easy EMIs spreading across a period of 60 months.
Funds to upgrade machinery
Up to Rs. 30 lakh | Pay only interest as EMI
Avail customized loans
Up to Rs. 30 lakh | Minimal documentation
Manage operational expenses
Up to Rs. 30 lakh | Flexible tenor options
Hassle-free finance for your enterprise
Up to Rs. 30 lakh | Approval in 24 hours