Features and benefits
The easy-to-meet eligibility criteria and a simple loan application process help expedite approval and disbursal.
Pre-approved loan deal
You can opt for a pre-approved offer by simply sharing basic details. These further simplify the loan application process.
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A working capital loan is a type of advance that helps a business fund its day-to-day or short-term operations. This form of financing is a good source of capital for small and medium enterprises (SMEs). It is especially suitable for seasonal or cyclical businesses that don’t have sustained sales all year round and need liquidity to meet their everyday operating costs.
When used wisely, working capital can:
- Help you manage sales fluctuations
- Act as a cash cushion
- Prepare your business to take up a bulk order
- Boosts cash flow
- Equip you to better leverage business opportunities
This is where the Bajaj Finserv Working Capital Loan comes into play, as it is loaded with features that can help fuel the growth of your business. With this offering, you enjoy an ample sanction of up to Rs. 45 lakh at a competitive interest rate and a flexible tenor that ranges up to 84 months.
Frequently asked questions
Working capital is calculated using this formula:
Working capital = Current assets - current liabilities
Current assets owned by the business include inventory, cash in hand, advance payments, etc. Current liabilities may include short-term debts, unpaid expenditures, outstanding payments to creditors, etc.
Bajaj Finserv offers attractive and competitive rates of interest on working capital loans, starting from 17% p.a.
To avail of a working capital loan from Bajaj Finserv, you need to meet simple eligibility parameters like:
- Nationality: Indian
- Business vintage: At least 3 years
- Age: 24 to 70 years*
*Age should be 70 years at the time of loan maturity
- Work status: Self-employed
- CIBIL score: 685 or higher
The process to apply for the loan is simple. All you have to do is fill the application form online by following these steps:
- Click on ‘Apply Online’ to open the application form
- Enter your personal, business, and financial details
- Upload bank statements of the last 6 months
- Submit your application
Our representative will contact you with further loan processing instructions.