Getting Down to Business with Business Loans
Whether yours is a limited or private limited company, a partnership or proprietorship firm, or even an individual practice, small Business Loans from Bajaj Finserv can solve your worries when it comes to business expansion. Obtaining a Business Loan from us also helps if you need finance to acquire a business. We share everything you need to know about applying for a small Business Loan from Bajaj Finserv.
Shruti Sethi, a custom cake baker and snack business owner from Mumbai, was elated. She had just got off the phone with a client who’d offered her a huge catering job for his office party next month. However, her happiness turned into a worry when, after receiving the details in her inbox, she read that she wouldn’t be paid until a month after. She desperately wanted to accept this order since it would allow her business some good publicity and help her network a stronger client base. But arranging finance to fulfil the order seemed difficult.
But Shruti could manage sufficient funds for her order. Here’s how.
By applying for a small Business Loan from Bajaj Finserv, which gave her the funds she needed to fulfil the catering job with flair. What’s more, she used the loan amount to hire a customer sales representative and make discounted bulk purchases of raw material from vendors. These measures helped her increase sales, and she’s even started using the payments coming out of daily sales to repay the Business Loan faster.
The business expansion loan from Bajaj Finserv fulfilled Shruti’s wishes. But what about yours? Whether you’re looking for a loan to buy a business or finance to purchase an existing business, small Business Loans from Bajaj Finserv can give you wind beneath your wings.
Handy Guide on Business Loans
We bring you this Handy Guide on Business Loans from Bajaj Finserv, so that you Can Make your Decision with Ease:
- Loan up to Rs. 30 Lakhs
Who can apply for a small Business Loan from Bajaj Finserv? Any limited or private limited company, partnership or proprietorship firm, as well as an individual practice such as salaried doctors, among others. The maximum loan limit can go up to Rs. 30 lakh.
- No Need for Collateral or a Guarantor
Looking to get a loan to buy a business, but don’t have any assets to pledge as collateral? Or want to know how to obtain a small Business Loan without a guarantor? There’s good news: When applying for a small Business Loan from Bajaj Finserv, you do not need to pledge any security against its value, or find a guarantor. All you have to do for your unsecured Business Loan is log onto the Bajaj Finserv website and fill out a basic application form.
- Do Everything Online
When it comes to obtaining a small Business Loan from Bajaj Finserv, you can apply for a Business Loan online. Once your Business Loan application is processed, you can have access to all your loan information through your online account. This means you can check your transactions and repayment schedules online.
- Low Competitive Interest Rates
We are sure that when applying for a small Business Loan, you evaluate the loan interest rate first. Bajaj Finserv provides low-interest Business Loans with easy tenure options for your needs. How to obtain a small Business Loan from Bajaj Finserv at such low rates of interest? Ensure that you have good credit scores.
Want to know the possible interest you’ll have to pay on your Business Loan from Bajaj Finserv? Click here for our Business Loan EMI Calculator:
- No Prepayment Charges
Once you get a Business Loan from Bajaj Finserv, you also get to avail yourself of zero foreclosure charges in case of prepayment. You have the option to prepay up to 6 times in a financial year. Remember that the minimum amount you prepay has to be no less than 3 EMIs.
- Flexi Loan Schemes
Post the approval of your Business Loan by Bajaj Finserv, you can also opt for a flexi loan as a line of credit which you may use as per your convenience. You can deposit money into your Bajaj Finserv Flexi loan account, depending on your cash flow. You can also withdraw money from the account as long as you stay within your credit limit. The best part: You need to pay interest only on the amount you withdraw, and not on the overall credit assigned to you. You can prepay your Flexi loan at no extra charges, and there is no additional penalty if you choose to re-avail this amount in a time of need.
When Applying for a Small Business Loan from Bajaj Finserv:
Whether you want a business expansion loan to get a new branch of your company off the ground or finance the purchase of an existing business you’ve had your eye on for ages, you can easily apply for a small Business Loan from Bajaj Finserv. Simply fill up the application form and submit some documents. These include a photograph, income details (IT returns, balance sheet and profit & loss statement and Form-16A), bank account statements for last 3 months, KYC documents, proof of business vintage for 5 years and Certificate of Practice.