What is a Commercial Loan?

What is a Commercial Loan?

Commercial Loan is a type of financing for businesses to increase the working capital, acquire new machinery, build new infrastructure, meet operational costs and many more. Commercial Loans are usually short-term loans and can be both secured and unsecured in nature.

A businessman applying for a Commercial Loan needs to present financial documents of the entity, proof of the establishment, proof of business vintage, etc. Lenders also check the CRISIL score to understand the financial history of the business.

Bajaj Finserv offers Commercial Loans up to Rs. 20 lakh with affordable interest rates and Flexi Loan facilities. These loans offer simple eligibility criteria and have minimal documentation requirements.