Find the best kids wear on No Cost EMI during Big Billion Days

Find the best kids wear on No Cost EMI during Big Billion Days

Since children grow up before you know it, you don’t always want to spend a hefty amount on their clothes. At the same time, you want to ensure that their wardrobe is diverse and stocked with good-looking, high quality clothes. Fret not, because during Flipkart’s Big Billion Days sale, you can do this with great ease using the Bajaj Finserv EMI Card. It gives you the option to pay for over 4 lakh products, affordably. With No Cost EMI you don’t have to pay any interest on monthly instalments. Moreover, you don’t have to pay any of the fees and charges that are usually associated with EMI payments. To find out more about this EMI Card.

If you’re gearing up to shop for your little one, take a look at the best brands you can pick from on the Flipkart website from the 20th to the 24th of this month.

United Colors of Benetton

United Colors of Benetton is an international brand known for its high-quality basics. Whether it is jeans, basic T-shirts, dresses, jackets or chinos, you can count on UCB to give you comfortable, long-lasting clothes. Their button-down shirts for little boys and skirts for girls are our top picks.

Tommy Hilfiger

If you’re in the mood to splurge, it doesn’t get better than Tommy Hilfiger’s kidswear line. Whether you’re looking for a pair of smart jeans for your toddler’s birthday or a summery dress for when you take your daughter on holiday, you can trust Tommy Hilfiger to present you with a host of options.

Izod

While this brand makes clothes only for little boys, we assure you that they do a fantastic job. Apart from having a wide range of jeans to choose from, we especially like their polo shirts. Their clothes feature a range of patterns and colours, so you can choose pieces for almost every occasion.

Allen Solly Junior

Allen Solly is a reputed brand for adults and their kids wear is no exception. They cater to children as well as infants, with an exhaustive range of styles on the Flipkart website. From palm-print T-shirts to dungarees, shorts, trousers, dresses and printed leggings, there’s something for every budget and taste.

Now that you’re well-versed with the various kids wear brands that you can choose from, here’s a must-have kids wear checklist for the next time you shop:

  • Basic t-shirts for everyday wear
  • Shorts and skirts for the summer
  • Cotton dresses for hot, humid days
  • Smart shirts for special occasions
  • Jeans and trousers for outings
  • Leggings for chilly days
  • Cosy night suits
  • Light jackets and cardigans to keep warm in restaurants or theatres

Get started on shopping for your children and make the most of Flipkart’s Big Billion Days sale. The discounted prices combined with the convenience and affordability of a Bajaj Finserv EMI Card make it a deal worth taking advantage of. Apart from being a No Cost EMI option, this card also allows you to club several purchases together and finance your entire cart. All you have to do is ensure that the value of your cart is over Rs.4,500.

If the deal wasn’t good enough already, all Bajaj Finserv EMI Card customers stand to win extra goodies. Top spenders during the sale can walk home with an international holiday. Moreover, if you’re the top spender of the hour, you can get a free iPad Mini. Other hourly prizes include a 5% cashback on your total amount (up to Rs.1,000). So, what are you waiting for?

Don’t waste any more time. Swipe your Bajaj Finserv EMI Card to get the best deals at Flipkart’s Big Billion Days today!

The latest laptops at the best prices during Flipkart’s Big Billion Days

The latest laptops at the best prices during Flipkart’s Big Billion Days

Want to buy a laptop? There is a huge range of options in the market. But you have to choose one based on your needs. All laptops may look the same, but they come with different features. You may need more storage space, or you may be looking for a good gaming laptop. The specifications would be different in both cases. So, consider the configuration, battery life, storage capacity, RAM, among others, before you choose one.

There are quite a few offers on Lenovo laptops at the Flipkart Big Billion Days sale. And even if you are low on cash, you can use the Bajaj Finserv EMI Card to make the purchase at no extra cost. So, here are some of the laptops you can buy at a discount:

  1. Lenovo 310 Core i5 6th Gen (8 GB/1 TB HDD/DOS/2 GB Graphics) IP 310 Laptop (15.6 inch, Black, 2.2 kg):

An entry-level laptop, the IdeaPad 310 just about fulfils your basic requirements. Packed with a fast processor and several display and graphic options, it is a good choice for anyone looking to buy a laptop for daily use.

Storage: 1 TB

Memory: 8 GB

Battery: 5 hours

Best for: Everyday use

Price: Rs.41,990, with No Cost EMI starting from Rs.4,666 per month.

  1. Lenovo Core i3 6th Gen (4 GB/1 TB HDD/Windows 10 Home) IdeaPad 110 Laptop (15.6 inch, Black, 2.2 kg)

If you are looking for a low-budget laptop for daily use, this is the one for you. It is a decent option for students. It has all the basic features for day-to-day use. This entry-level device promises to fulfil your basic laptop needs.

Storage: 1 TB

Memory: 4 GB

Battery: 4 hours

Best for: Multitasking and daily use

Price: Rs.30,990 with No Cost EMI starting from Rs.3,444 per month.

  1. Lenovo IdeaPad Core i5 7th Gen (8 GB/1 TB HDD/128 GB SSD/Windows 10 Home) IP 520S Laptop (14 inch, Grey, 1.7 kg)

The Lenovo IdeaPad core has a sleek and stylish design. It’s a small laptop that packs quite a punch. It has extra graphics power, and also comes with a fingerprint reader.

Storage: 1 TB

Memory: 8 GB

Battery: 4 hours

Best for: Students, business and travel

Price: Rs.58,990 and No Cost EMI starting from Rs.6,555 per month

  1. Lenovo Core i5 7th Gen (8 GB/1 TB HDD/Windows 10 Home) Yoga 520 2 in 1 Laptop (14 inch, Black, 1.7 kg)

Part of the Lenovo Yoga Series, this laptop has optimized video chat features, and a gorgeous video with HD viewing feature. Stylish and portable, this laptop comes with technology like the Lenovo Active Pen and a fingerprint reader to keep your content secure. It is flexible, and has a 360-degree hinge. There are many variants to choose from. So, take your pick!

Storage: 1 TB

Memory: 8 GB

Battery: 10 hours

Best for: Multitasking, business

Price: Rs.63,000 with No Cost EMI starting from Rs.7,110 per month.

  1. Lenovo Core i7 6th Gen (16 GB/1 TB HDD/128 GB SSD/Windows 10 Home/4 GB Graphics) Y700 Gaming Laptop (17.3 inch, Black, 3.5 kg):

With a relatively bigger screen compared to other laptops, this one promises a solid gaming experience. It comes packed with a bright display and great sound. It is great for budget-conscious gamers. With a Windows 10 home-operating system and a 2.6-GHz Intel Core i7-6700HQ processor, the laptop has a battery life of four to five hours. You can also use it for business and travel, as it is sturdy and reliable.

Storage: 1 TB

Memory: 16 GB

Battery: Up to 5 hours

Best for: Gaming, Business and Travel

Price: Rs.1,27,000 with No Cost EMI starting from Rs.14,112 per month

Why shop on No Cost EMI?

A laptop can be a great buy, but what if it is priced too high? As part of the Flipkart Big Billion Days sale, you can buy a new laptop using the Bajaj Finserv EMI Card. This means you don’t have to pay any extra charges associated with EMIs. And what’s better, you can now even take advantage of financing your entire cart through the EMI Card, as long as the total value of your cart is at least Rs.4,500. Just add all your favourite items to the shopping cart, and pay for them through zero-cost EMIs.

So, don’t miss out on great discounts on laptops and much more. Bag your favourite laptop with the No Cost EMI option. Find great deals on dozens of different products during the Big Billion Days from Flipkart.

Big Billion Days: Shop for 4 lakh+ products on No Cost EMI

Big Billion Days: Shop for 4 lakh+ products on No Cost EMI

Technology changes every day and you may often find yourself pining for that latest smartphone, tablet or laptop. Same holds true for clothes, accessories, and footwear. But the newest products cost money. How can you get yourself the best products without burning a hole in your pocket?

Flipkart and Bajaj Finserv have the answer. Shop for more than 4 lakh products across gadgets, electronics, furniture, fashion, accessories, and pay with No Cost EMI on your Bajaj Finserv EMI Card during the Flipkart Big Billion Days from 20th September to 24th September.    

Best deals during Flipkart’s Big Billion Days

The Big Billion Days promises to be an online shopping extravaganza with discounts and offers on more than 80 categories across your favourite brands under one roof. Avail up to 50% off on apparel, up to 70% off on refrigerators, 50% off on ACs and discounts up to Rs.10,000 on washing machines.

Fashion junkies can stay in tune with the latest trends with brands like Forever 21, Vero Moda, Nautica, Van Heusen, Biba, Aurelia, GAS, Chemistry, and FabAlley. Flipkart also has offers on Levi’s, John Players, Wrangler, French Connection, Wills Lifestyle, Pepe Jeans, Superdry, Jack & Jones, UCB, and more.

The biggest beauty brands such as Lakme, Body Shop, BBlunt, Maybelline, Colorbar, Ustraa, VLCC, and Davidoff as well as some of the most popular fragrances including Ralph Lauren, FOGG, Benetton United Dreams, Bath & Body Works, Adidas, Jaguar, and Axe are on offer.

You can also avail offers on footwear with Catwalk, Puma, Skechers, UCB, Puma, Adidas, Levi’s, and Nike all available on No Cost EMI.

Revamp your gadgets and electronics

If you are looking to buy the latest smartphone, it’s raining discounts at the Big Billion Days sale. With mobile phones starting at just Rs.5,299, it’s never been easier to buy your favourite gadgets. Choose from a wide range of brands like Oppo, Vivo, Sony Xperia, Samsung, Lava, and Redmi. Lenovo has some great offers on laptops too.

The sale also features offers on refrigerators, washing machines, and televisions. Check out discounts on top television brands like CloudWalker, Kodak, Onida, Vu, Sony Bravia, Samsung, and Mitashi. You can also shop for discounted washing machines from brands like Samsung, Whirlpool, Bosch, Godrej, or Intex. If you have always wanted a bigger refrigerator, choose from a wide range of feature-rich refrigerators. Enjoy discounts on brands like Whirlpool, Samsung, Bosch, Hitachi, and Godrej. Get ready to shop for a refrigerator using No Cost EMI.

Why shop on No Cost EMI?
Usually, EMI payments also comprise an interest component. Over the course of your tenor, this may add up to a large amount and bump up the price. To rid you of this burden, Bajaj Finserv is offering you the chance to shop on No Cost EMI.

No Cost EMI is an online financing facility that you can use to buy the products of your choice without having to make lump-sum payments. With No Cost EMI, you have no interest components and you bear no additional cost over the purchase. In fact, you don’t even have to worry about down payment when you shop on Flipkart during the Big Billion Days.

Benefit from cart-financing

You can shop for all the items in your cart with your EMI Card simultaneously thanks to cart financing. As long as your cart value is Rs.4,500 and above, you can divide the cost of all the products into No Cost EMI. All your shopping with one single transaction!

To sum it up:

To add to the deals already on offer, Bajaj Finserv presents a special treat. The top spender on the EMI Card from 21st September to 30th September gets to win an international holiday! Top spenders every hour wins an Apple iPad Mini while hourly perks include a 5% cashback on your total amount (up to Rs.1,000).

So, what are you waiting for? Head to Flipkart’s Big Billion Days from 20th to 24th September and choose from more than 4 lakh products with your Bajaj Finserv EMI Card!

Taking An Engineer Loan? Here’s What You Should Know

Taking An Engineer Loan? Here’s What You Should Know

If you are reading this, it is safe to say that a sizeable chunk of your time is spent researching the best course of action to ensure your venture is successful. Consider the example of Raghav Mistry. An electrical engineer, Raghav required funds for his electronic solutions company. He wanted to build a team to research and manufacture environment-friendly lighting in a new construction project. But he knew that he would require a large amount of money to make this happen. This was difficult due to his company’s current working capital requirements. So, when he learned of the many Benefits Of An Engineer Loan, he decided to apply for one immediately.

If you too are considering an engineer loan as a finance option, you need have a clear understanding of your situation and requirements.

But first, take a look at some benefits of an engineer loan that you can take advantage of:

  • Flexible Line of Credit:

    An engineer loan is flexible in the truest sense of the term. You can withdraw money as and when the need arises and you have to pay interest only on the money that you’ve actually used. On a monthly basis, you pay EMIs that comprise only the interest component. The principal amount is due only at the end of the tenor. Moreover, you can also make part pre-payments or convert your loan to a term loan if you so desire.

  • Minimal Paperwork:

    The documents required for engineer loans are few and can be easily collected and organised. Unlike other loans, an engineer loan frees you from laborious paperwork.

  • Collateral-free Loan:

    You do not need collateral or a guarantor to avail an engineering loan. While most lenders need this as an assurance against repayment of the loan, all you need is a good credit rating. Also, if you are already a customer, you become eligible for a pre-approved loan, which is even quicker. So if a speedy solution is what you’re looking for, this option is just what you need.

  • Affordable Financing:

    The interest rates on this loan are low. As a result, you benefit from lower EMIs and can direct more funds towards the operation of your business. So, if you need funds for machinery and equipment, you can put the surplus money towards that instead of using it to pay a hefty EMI.

  • Generous Credit Limit:

    If you are looking for a large sum of money, an engineering loan gives you a lump sum of Rs.15 lakh from just one lender. As a result, you can forget about negotiating with different lenders and spend your energy on your work instead.

  • Easy Access:

    You can apply for your engineering loan online to streamline the process. Moreover, you can also access all your loan details easily through an online account.

To ensure that you’re covering all your bases, here is a list of questions you can ask yourself before you fill in the application form.

  • What is the loan amount that you need?
  • How will you use the money?
  • How soon do you need the funds?
  • What kind of repayment plan are you looking for?
  • What interest rates are you capable of paying?
  • Do you have all your documentation with you?

Next, make sure you fulfil the eligibility criteria for an engineer loan. Take a look below to see what they are:

  • You need to be a self-employed or consultant engineer.
  • You need a minimum five years of work experience after your graduation, out of which you should be self-employed for at least three years.
  • You are in the age group of 26–65 years.

If you fall under this bracket, then all that’s left to do is gather the following documents for an engineer loan:

  • Correctly-filled application form
  • Photographs
  • KYC documents that include your identity, address and income proof
  • Education certificate
  • Business vintage for 3 years
  • Proof of business in the form of a certificate of practice

Now that you understand how an engineer loan is an easy, practical and contemporary lending system that saves you time and money, consider taking an Engineer Loan from Bajaj Finserv. They disburse funds within 72 hours, are collateral-free and extremely flexible.

Apply for Engineer Loan Online Check your Engineer Loan Eligibility

Here’s How You Can Find An Engineer Loan At The Best Interest Rate

Here’s How You Can Find An Engineer Loan At The Best Interest Rate

Sapna Shah from Rajkot is an electronics and communication engineer who specialises in computer networks. She was working for a corporate firm as their chief network officer. After working for 6 years, she decided to start her own venture dealing in network security. After 3 years of operation, she wanted to expand her business and move her facility to a larger city like Mumbai. However, the business financing options she came across offered a high rate of interest.

Like Sapna, if you too are deterred by the high interest rates, consider taking a specialised loan for engineers. Created especially for engineers, these loans are affordable and cost-effective. Moreover, with just your engineering degree certificate and a handful of other documents, you can get access to these loans. You can utilise the funds from these engineer loans for purposes like expanding your business, upgrading your machinery and equipment, hiring staff, and much more.

So, how do you look for an engineer loan that offers the best interest rates?

Here Are A Few Pointers To Help You Find The Best Interest Rate For Your Engineer Loan:

  • Compare The Lenders Online:

    This will give you easy access to all the information and allow you to select a lender that offers the best interest rate.

  • Maintain A Good Credit Score:

    Engineer loans are unsecured, which means that the lender looks at your credit score to ascertain your repayment abilities and offers you a loan accordingly. Maintaining a good credit score helps you get a lower interest rate.

  • If Your Credit Worthiness Is Low, Take Active Steps To Rectify It:

    You can start by clearing your outstanding debts and making wise financial choices. Cut down on unnecessary expenses, especially via a credit card.

  • Get The Timing Of Your Loan Right:

    If you have already taken a loan, a lender is going to be uncertain about whether you will be able to manage another loan. So, before you apply for an engineer loan, ensure that you have repaid previous loans.

Now you know how you can guarantee yourself the best interest rate on engineer loans.

In case you are looking for reasons as to why this specific loan is best for your professional needs, let us look at its many benefits:

Nominal Interest Rates

The lower is your interest rate, the more you stand to save. If the interest rate is too high, a chunk of your income will go towards paying EMIs. So, your loan won’t be cost-effective.

Collateral-Free

Unsecured loans or collateral-free loans are not easy to find. However, engineer loans are collateral-free. They don’t require any security or a guarantor. Apart from safeguarding your assets, this speeds up the loan approval process too.

Easy Documentation

As mentioned earlier, engineer loans require minimal documentation. Your engineering degree, along with a couple of other documents is all your lender needs.

Online Access

Another time-saving feature that most engineer loans offer is the facility to apply for your loan online. Not only this, you can also manage your loan online. All you have to do is sign into the customer portal with your user ID and password.

Line Of Credit

The line of credit is one of the USPs of an engineer loan. It gives you a certain credit limit for your chosen tenor. You can borrow what you need, when you need it and pay interest only on the amount borrowed. Your EMIs consists only of the interest component and you can pay the principal amount at the end of the tenor. Moreover, you can borrow multiple times and repay when you have surplus funds without any penalty. This facility is essential to meet the sudden expenses of your business.

Now that you have made up your mind, you should also know that Bajaj Finserv is one of the best when it comes to applying for an Engineer Loan. Not only does it offer funds up to Rs.15 lakh, but also gives you an instant approval within 24 hours and transfer the money to your account within 72 hours. These loans also offer part prepayment along with a competitive interest rate. What more could you ask for?

Apply for Engineer Loan Online Check your Engineer Loan Eligibility

How To Secure Finance For Your Business?

How To Secure Finance For Your Business?

An unsecured business loan can prove very effective in bolstering your working capital management needs and to help with business expansion.

The three most important components of business growth are – employing the right people, implementing the right processes and getting sufficient financing. Of these, the third is perhaps the most essential. Securing an uninterrupted flow of working capital finance is integral to the success of your business.

Lack of a good source of financing can create roadblocks against future growth and expansion. It could also lead to a complete standstill in day-to-day business operations. To ensure this does not happen, you should know about all the possible avenues of financing for your business, so that you can select the best from among them.

The Best Ways To Acquire Business Finance

Listed below are the most trusted ways in which you can give your business the opportunity for expansion:

  • Equity

Equity is basically the cash that is invested in a business. This cash could come from the owner or be contributed by investors. When investors put cash into your firm, they expect to receive a part of your business profits as well. Additionally, they can also gain control over your company if allowed to purchase a high number of equity shares. Therefore, this method is not suitable if you wish to retain both profits and ownership of your business.

  • Debentures

Debentures carry a fixed rate of interest and a certain maturity date. Interest on them has to be paid every year, and the principal can be paid at the end of the year. They offer tax benefits, and do not require you to share control of either ownership or profits. The only disadvantage is that since you are obligated to pay the debenture holders, you cannot delay the payment or your business will face legal hassles.

  • Crowdfunding

This mode of financing allows a bigger pool of small investors to finance your business and imposes fewer restrictions on how you run your enterprise. It can be useful, but takes a lot of time and energy. It essentially involves sharing your ideas with the public and asking for their support to meet business expenses.

Also Read : How To Manage Business Cash Flow With Working Capital Loans

  • Factoring

There are some firms called factoring companies who take care of collecting any outstanding money owed to you by customers in the form of invoices, and immediately pay around 70% of the total value to you. Although it offers quick capital, this is not a recommended way of obtaining business finance since these companies often charge a high fee for the service.

  • Unsecured Business Loans

The most popular way of securing finance for your business, this method does not require you to give up ownership rights or benefits. With attractive interest rates and flexible repayment tenors, business loans can be a smart way to finance your business, whether it if for working capital needs, machinery purchase or other expansion requirements.

  • Line Of Credit

A line of credit is a type of business loan, with additional benefits to help you manage your business’s cash flow better. In this method of financing, you just have to pay interest on the loan amount you utilize from the credit line extended to you. Thus your EMIs are kept to a minimum, helping you to manage your monthly finances more easily. The principal component can be repaid at the very end of your tenor. You also gain the freedom to part-prepay your loan when your business does well and you have additional funds in hand. You can keep availing as much money as you need from within the credit line, based on your needs. This facility is especially useful when your business has fluctuating financial needs.

Both the unsecured business loan and the line of credit are the best options to finance your business. Bajaj Finserv offers Business Loans with Line of Credit facility, with a high loan amount of Rs. 30 lakh and quick approvals in just 24 hours.

Apply for Business Loan Online Check your Business Loan Eligibility

Why You Need To Get Machinery Finance For Your Business

Why You Need To Get Machinery Finance For Your Business

As a business owner, you look for ways to make improvements in the way your enterprise functions. The right machinery is an important way in which to ensure this. You may need to purchase the latest equipment to further the growth of your business, and increase production. If it is a seasoned establishment, you may need funds for the maintenance of its machinery, or to upgrade to better alternatives. If you own an office-based enterprise, you may need better software and computers for to increase the efficiency of your output.

Whatever your business, ensuring consistent productivity in your firm requires the right machinery. A equipment financing can provide the finances needed to buy all the necessary tools to make your business both stable and profitable. A machinery loan facilitates quick and convenient purchase or upgradation of machinery, by giving you an amount up to Rs. 30 lakh in just 72 hours.

Also Read : Equipment Loans For Your Business Expansion

Benefits Of Investing In A Machinery Loan

  • Increased Productivity

Installing new machinery or upgrading the existing equipment involves both effort and expense, but the results are conducive to business growth. There is always a marked increase in output that can be attributed to installation of modern machinery, which can be purchased with a machinery loan.

  • Improved Speed Of Production

Production speed affects how well your business performs. The higher your production, the more clients you can serve, which will inevitably lead to better revenue. A machinery loan helps you to buy the right equipment which manufactures more in less time, thus increasing your business’s profitability.

  • Motivated Workforce

The right equipment can motivate your employees to work harder, as it shows you are highly invested in better productivity. It can also reduce their physical burden, helping them achieve improved results. Whether it is a faster computer or an automatic drilling machine, your machinery loan can prove indispensable for overall company growth.

  • A Safer And Simpler Workplace

Sectors like industrial manufacturing and infrastructure require observation of high standards of safety. Better and more advanced machinery in these sectors makes it easier for workers to complete their tasks on time, in a safer work environment. This, in turn, facilitates ease of processing.

  • Conserved Energy

Energy conservation has always been an important aspect of owning good business equipment. Modern machinery generally comes with energy-saving features that help you save on processing costs. For example, high energy conserving motors are generally 2%–8% more efficient than standard motors.

Also Read: Take Your Business To New Heights With An Equipment Loan

Equipment financing from Bajaj Finserv offers up to Rs. 30 lakh for businesses looking to purchase new machinery or upgrade their existing machinery. Get the benefits of 12-hour approval and easy online application process with minimal documentation.

Apply for Business Loan Online Check your Business Loan Eligibility

Things To Do Before Applying For A Machinery Loan

Things To Do Before Applying For A Machinery Loan

The right machinery and equipment can help your employees to automate tasks, which allows you to accomplish more in less time. Machinery that is well-maintained can help achieve uniformity in mass production and increase the effectiveness of human resources. A machinery loan, which is a specialized loan for small businesses, thus helps you to purchase or lease the right machinery for your enterprise.

These are the various benefits of a business loan for machinery:

  • High loan amount for purchase of better equipment
  • Line of Credit for complete control over your finances
  • No collateral requirement to weigh you down
  • Complete online account access for your convenience
  • Pre-approved offers for better deals

Also Read: Take Your Business To New Heights With An Equipment Loan

However, before you apply for a machinery loan, there are a few things you must do:

  • Know what your business needs

The first thing to do is understand your exact machinery requirements. If you have existing machinery, check your output to see how new machines can help increase productivity. If you don’t have any machinery, find out what you need to purchase and how it can help you. Then, consider various options in the market. Once you have decided exactly what is essential, avail a machinery loan.

  • Understand the space requirements

Machinery requires proper allocation of space in order to function efficiently. An unplanned placement could lead to work accidents or decreased productivity. Before applying for a machinery loan, prepare a suitable blueprint for where you will place the new equipment.

  • Consider whether you want new or second-hand machines

Used machinery is a viable option if it has been properly maintained. It is cheaper, while serving the same purpose. However, if you wish to install machines that will serve your business well for many years to come, purchase new items instead.

  • Plan how to finance your machinery

Some lenders offer you a machinery loan into two options: You can opt for a standard term or a Line of Credit.

  • A term loan means that your loan is divided into equal EMIs that you repay over your chosen tenor. It is a good option if you know exactly which machines you need and how much they cost.
  • A line of credit is feasible when you are unsure about the exact amount of money you require, or are buying equipment in instalments. It gives you a credit line, from which you may borrow as much as you need. You pay interest only on the borrowed amount. You can borrow more money from the credit limit again, when you need to. The best part about this facility is that it allows you to handle your monthly finances more easily. This is because it allows you to pay only the interest component as your EMI. You have to repay the principal component at the end of your term. You have the option of converting a line of credit into a term loan as well.
  • Calculate your EMIs

It is vital to make sure you understand the rate of interest, and do your EMI calculations accordingly. This will help you ensure that you have the ability to repay the loan on time.

  • Choose your tenor carefully

Find a machinery loan that provides a flexible tenor and offers multiple repayment options.

Once you have reviewed this checklist, you are ready to apply for the loan. To get a high loan amount up to Rs. 30 lakh, tenor ranging from 12 to 96 months and online account access, consider taking a Machinery Loan from Bajaj Finserv.

Apply for Business Loan Online Check your Business Loan Eligibility

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