Bajaj Finserv is a Non-Banking Financial Company(NBFC) founded in 2007. This company provides various lending facilities, business loans are one of them. You can get a business loan up to Rs. 45 lakhs with an interest rate starting at 17% per annum.
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Features and Benefits
You can get a loan of up to Rs. 45lakhs.
Reasonable EMI value.
Pay your loans over 84 months i.e, up to 7 years.
At starting years pay 45% less EMI
You can use the amount to diversify or expand your business.
For a person whose credit/CIBIL score is 658 or above.
No collateral or guarantor is required.
Eligibility to apply for a business loan with Bajaj Finserv
1] Start-up loans – It is very easy to get a start-up loan with Bajaj Finserv, you just need to maintain good credit history and credit score.
2] Working Capital loans – Working capital is money required for day-to-day expenses. Working capital requirement is calculated as Current asset minus Current liabilities.
3] MSME/SME loans – Bajaj Finserv also provides MSME/SME loans i.e., Micro Small and Medium Enterprise loans. If you are registered under MSME you are eligible for this loan.
All the documents required, eligibility criteria, loan amount, repayment tenure. Interest rates and application process for these loans are the same as mentioned above.
The Flexi facility is a credit facility that offers you to pay only interest amounts for the initial period of your loan and help save up to 45% on EMIs.
