Thinking Of Expanding Your Small Business? It’s Easier Than Ever To Get A Small Business Loan!
Having taken the plunge and started your own enterprise, it is now your responsibility as an entrepreneur to keep your eyes peeled for new business opportunities and seize them at the right moment. When the time comes for growth, think about two major factors: enhancing your working capital or using an infusion of funds for new capacity creation.
Applying for a small business loan is the key to getting either or both of these right. If you think applying for business financing can be quite time consuming and, to add to the pressure, there is a whole set of paperwork and forms to fill and complete before the loan is sanctioned, fear not. This is not the case with all small business loans, especially those that can be applied for and are sanctioned online. Bajaj Finserv’s easy and hassle-free loans will bust the myth of endlessly long application processes and nail-biting waiting periods for loan sanctions, and provide you with the best small business loan rates and facilities prevailing in the market.
Top Features and Benefits of Bajaj Finserv’s Small Business Loans:
Easy Line of Credit facility giving you the freedom to choose how much and when
Bajaj Finserv’s small business loans give its borrowers a unique credit facility called Business Line of Credit, where you can be approved for a certain amount of loan for a chosen duration. The monthly EMI for Line of Credit will consist only of the interest amount and will not have a principal component added to it to keep your repayment costs low. The principal amount of loan is to be repaid at the end of the tenor, hence, it doesn’t inversely affect your cash flows. The advantage here is that you as a business owner can borrow what you need from the credit line and repay when you can. You can re-borrow the prepaid amount or borrow as many times as you need up to the amount sanctioned. This gives you untold flexibility and freedom in the best way possible.
Loan Disbursement up to Rs.30 lakh to give you the financing you need to grow your business
Bajaj Finserv offers you business loans up to Rs.30 lakh which you can invest in infrastructure, expand operations, buy equipment or inventory, or even to increase working capital.
No collaterals required to make the process easier for you
Bajaj Finserv’s small business loans don’t need you to pledge your assets as security or for you to get a guarantor to co-sign your loan application alongside you. It offers an unsecured business loan to make matters simpler and avoids the necessity of attaching your assets to get financing.
Easy application and online approval in just 1 day to cater to your urgent needs
Gone are the days when you wait for days and weeks on end to find out if your loan application has been approved. With Bajaj Finserv’s business loan, just fill in an online application (which takes about 5 minutes of your time), prepare the minimal documentation required, and get approval in 24 hours. After that, you can access funds in your account within 48 hours. Thus, your urgent expansion needs will never go unfulfilled.
Pre-approved offers to speed up the process and get you the best deal
All existing customers of Bajaj Finserv are eligible for exclusive pre-approved offers which may include top-up loans or reduction of interest rates.
Online account access for the entrepreneur on the move
As a business owner, you are always busy and on the move. Thus, you need a business loan that allows you to do your payments and see your repayment schedule on the go as well. This is where an online account access can be the most convenient option for you, and Bajaj Finserv’s business loans give you just that.
Application Process for Small Business Loans with Bajaj Finserv
There are two easy ways to apply for a Bajaj Finserv small business loan:
Step 1: Apply by online application form for small business loan.
Step 2: Fill in the mandatory details under the three sections: Personal, Address and Business.
Step 3: A representative will get in touch with you along with your pre-approved offer.
Send a Simple SMS
Step 1: SMS ‘BL’ to 9773633633
Step 2: Bajaj Finserv’s representative will get in touch with you along with your pre-approved offer.
Eligibility Criteria and Documents Required
Business loans are given to self-employed professionals like doctors, architects, engineers etc., who are practicing their profession. They will have to submit their proof of qualification to be eligible for the loan. It is also offered to self-employed non-professionals like traders, retailers, manufacturers, etc., as well as business entities like partnerships, private limited companies, etc.
Documents Required for a Small Business Loan
Bajaj Finserv has a list of documents required to evaluate your business loan application, and these include:
- Passport size photograph
- KYC documents
- Business proof: Certificate of business existence
- Relevant financial documents
- Bank account statements
With attractive interest rates, fast loan processing and digital platform for its consumers, Bajaj Finserv’s Business Loan is the obvious choice for small business loan seekers.