Bajaj FinServ Business Loan
Bajaj Finserv Business loan is one of the best ways to finance your business needs. Bajaj Finserv provides its customer of India with business loan with flexible repayment facilities and low rates of interest. This kind of facility is designed by Bajaj Finserv to double your profits from business and individual competitiveness in India. Business loan in Bajaj Finserv allows you to scale new heights of development, acquire hi tech gadgets, machinery and equipment, and diversify your business, etc.
At our website, you can check Bajaj Finserv business loan eligibility and Bajaj Finserv EMI calculator for free. Stay updated on this page, Loanbaba.com provides all the information about Bajaj Finserv business loans:
|Bajaj Finserv Business Loan Details Updated|
|Loan Amount||Min Rs. 5 Lakh and Max Rs. 30 Lakh|
|Loan Tenure||12 months to 48 months|
|Interest Rate||16.00% to 21.00%|
You can check the recent business loans interest rates in Bajaj Finserv to understand how much the loan will cost you. You can check for free your Bajaj Finserv business loan eligibility and use the Bajaj Finserv business loan EMI calculator and understand the monthly instalment to pay.
Why Apply for Bajaj Finserv Business Loan?
- The advantage of this loan is its same interest throughout the duration.
- Simple documentation is needed and the business loan in Bajaj Finserv then gets processed faster.
- The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
- You can check out Bajaj Finserv business loan eligibility and Bajaj Finserv Business Loan EMI calculator at Loanbaba.com.
Features of Business Loans at Bajaj Finserv
The following key points will help you understand the features and benefits of the business loans Bajaj Finserv:
- Pre Sanctioned Offers:
Eligible to all customers of this NBFC, you may avail surprising offers like reduced rates and pre approved top up credit.
- Flexible and Simple Loan Facility:
These special types of business loans empower you to secure higher loan amount than you were originally qualified for. The exciting part is that you have the option of paying only the principal amount of the interest for the borrowed money. This is because when there is sole payment of interest, the installment money, monthly, is automatically much less than standard loans for business.
- Maximum Amount of Loan:
For all cases, be it loan for long term or short term or intermediate term, your maximum amount is Rs. 30 lakhs. You are free to do any type of investment with this amount. For example expanding of working capital, purchase of raw materials, equipment and inventories, diversifying operations, investing in development and up gradation of infrastructure.
Why Apply for Business Loan on Loanbaba?
At Loanbaba, you can compare and apply for business loans online. You can check out several loans for business and go through their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, on a single platform. The loan application process is simple and easy, as you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
Bajaj Finserv Business Loan Interest Rates
The Bajaj Finserv business loan interest rate is 14% onwards, but varies as per individual profile. Keep a check on this page to note the updated Bajaj Finserv business loan interest rate for the current year.
Bajaj Finserv Business Loan Eligibility Calculator
Business loan eligibility may differ from one candidate to another. You can also use free-of-cost business loan Bajaj Finserv loan eligibility calculator at Loanbaba.com. The eligibility criteria for loan for business are discussed below:
- The applicant for business loan Bajaj Finserv needs to meet the age requirement and possess all necessary identity and profit/revenue proof etc required applying for the loan.
- He/she meet the requirement for company credit score and should not be under too many debts.
Types of Bajaj Finserv Business Loans
Bajaj Finserv has business loan schemes for all kinds of professionals. The amount taken as loan can be used for either multiple or specific purposes.
Frequently Asked Questions about Bajaj FinServ Business Loans
Here are the Bajaj FinServ business loans FAQs.
1. How does the bank determine the interest rate on business loan?
The Bajaj FinServ Business Loan interest rate depends on the chosen loan facility, as well as the assessment of your business profile, past track record, financial assessment, tenure, and the loan amount, besides other terms and conditions.
2. Can you get a line of credit for a new business?
Bajaj FinServ offers a line of credit to companies that have been under the current ownership for a period of at least 3 years.
3. What are the unique features of business loans by the bank?
The bank offers both secured and unsecured loans to small and medium enterprises as well as corporate. Even individual self-employed and professionals can avail the funds. The acceptable forms of security for the funds are usually immovable and financial assets. Bajaj FinServ also offers several additional services related to cash management, wealth management, loan account, overseas transactions, Corporate Card, overdraft, and a lot more.
4. What are the eligibility criteria for Bajaj FinServ unsecured business loans?
The eligibility norms for unsecured loans for business by the bank are simple. The turnover of the business should be at least Rs. 30 lakhs per annum. The business vintage must be at least 3 years. You should be minimum 21 years of age and not more than 65 years old at the end of loan’s tenure.
5. What is a penal interest and when do you have to pay this amount?
Penal interest is applicable on the overdue amount that you have not paid as per the EMI date. In case of non-payment or delay in payment of the EMI, you have to pay 2% additional interest over and above the already applicable interest.
6. Can you make partial payments?
You can make partial prepayment as well as foreclose the loan as per the applicable charges. The foreclosure and prepayment charges depend on the time period when you wish to repay the amount.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Bajaj FinServ.