Get Bajaj Finserv Business Loan

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Grow Fast with Bajaj Finserv Business Loan
Bajaj Finserv is an Indian Non- Banking Financial
Company (NBFC). It
deals
with
consumer
finance,
commercial
lending and
wealth
management. Its headquarters is in Pune,
Maharashtra. The company has a network of
over 1,400 branches across the country with
staff strength of around 20,000. The
company was even ranked at 119 among The
Economic Times 500 in 2014. Bajaj Finserv
Limited holds 57.8 of the total shares and has
a controlling stake in the subsidiary.
What are the benefits of Bajaj Finserv Business
Loan?
To start any business one needs to fulfill the
primary requirement which is funds. Fund is the
prime most requirements for any of the business.
To solve this problem, Bajaj Finserv
provides employed and businessmen for
financing the capital requirements for their
business. Bajaj
business loan to self expansion or
working Finserv offers small
business loan up to 30 lakh for ones
business in 24 hours only. Business Loan can
be used for the following purposes
? Increasing cash flow ? Taking
premises on rent ? Renovating office
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? Repairing machinery and equipment ?
Upgrading to the latest technology ?
Stock up on inventory ? Hiring
employees and meeting the business costs ?
Buying raw materials ? Expanding the
geographical territory or business operations
The customized Bajaj Finserv Business Loan
is segregated into the following types
1. 2. 3. 4.
Working Capital Loan for managing operational
expenses Machinery Loans for upgrading
machinery SME and MSME Loans for your
enterprises Business Loans for women for making
them self employed.
You can check your eligibility for the business
loan. Make use of an EMI calculator and
compute your eligibility in few seconds.
Just you need to enter the loan amount, rate of
interest and tenor and the result will be
displayed.
Features of Bajaj Finserv Business Loan
An applicant can qualify for a business loan
from the Bajaj Finserv, subject to
fulfillment of the following criteria
1. 2. 3.
He/she should fall between 25-55 years of
age There should be a business existence for at
least 3 years ITR should be filed for at least
the past 1 year
Extensive Capital made affordable Bajaj
Finserv offers easy and quick loan up to Rs 30
lakhs to private companies at low interest rate.
Regardless of whether your business has
requirements for transient loan, moderate term
loan or long term loan, these loans are the ideal
financing answer for your little scale business.
Flexi Loan Facility Pull back just what
you need and repay finds according to your
business income at no prepayment charges. Pay
only for the interests as EMIs, and repay the
principal amount toward the
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finish of the tenure. Interest is charged just
on the sum pulled back, helping you to bring
down your EMIs by up to 45 and helping your
income.
On- time Loan Availability The unsecured
business loan provided by Bajaj can be approved
within 24 hours, if you have cleared the
eligibility criteria. It can be applied with just
2 documents. This easiness makes Bajaj Finserv
the best, quickest and hassle free business loan
provider.
Loan Amount Bajaj Finserv offers you loan up to
Rs 30 lakh and you can use it for building up
of infrastructure, expanding operations, up
gradation to the latest plans and machinery,
maintenance of machinery or obviously to increase
the work capital.
No collateral required As it is the
unsecured loan hence neither guarantee nor
mortgage is required. Furthermore, since you
don't have to vow insurance, there is no
prerequisite for examination of the
estimation of your benefits. Therefore, with
insurance free loan, financing is a lot quicker
and requires just minimal documentation.
Bajaj Finserv Business Loan Interest Calculator
There are multiple factors on which this bank
provides business loan to the consumers and they
are as follow
Loan amount Bank gives loan of minimum Rs.
5 lakh to 30 lakh. Interest rate for the
higher loan is low such that EMI is low.
CIBIL Score Bajaj Finserv considered the CIBIL
score of at least 700. Higher the CIBIL Score,
higher the chances to get your business loan
approved.
Revenue Bajaj Finserv will offer you loan at
lower interest rate if you have higher monthly
revenue. Bank gives loan to the borrowers whose
annual turnover is at least Rs. 12 Lakh.
Bajaj Finserv Eligibility Criteria
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Banks have detailed criteria to determine
the business loans. Some of the key criteria are
eligibility
of
a
borrower
for
Eligibility Criteria
Description
Age
25 to 65 years
Minimum Turnover
Rs. 12 Lakh
Business Existence (in months)
36 months
ITR (months)
0 months
Loan Amount
Rs. 5 Lakh to Rs. 30
Loan Tenure
48 months
Owned House or Place of Work
Not Required
CIBIL Score
700 and above
Bajaj Finserv Business Loan EMI Calculator
Bajaj Finserv Business loan EMI is a fixed
amount
that the customer
need to repay in the form of monthly installments
to the company till fully paid. Lowest EMI
offered by the Bajaj Finserv is Rs 2937 per lakh
loan amount. EMI of the Bajaj Finserv is affected
by the several factors and they are as
Interest rate Higher the interest rate, higher
will be the EMI. For a four years credit from
Bajaj Finserv at a loan fee of 18.00 per annum,
EMI will be Rs. 2,937 for every Rs. one lakh
credit sum. At a financing cost of 20.00 for a
similar loan, the EMI will be Rs. 3,043.
Loan tenure Longer the loan period, lesser will
be your monthly EMI. At financing cost of 18.00
per annum, the EMI on Bajaj Finserv business
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loan would run from Rs. 9,168 to Rs. 2,937 for
loan tenure going from 12 to 4 years.
Sum Borrowed Bajaj Finserv Loan EMI will be high
on the off chance that you apply for a high loan
amount. For sum obtained Rs. 5 Lakh, the
EMI at 18.00 obtained Rs. 30 88,125.
for four years would be Rs. 14,687. Thus
for sum Lakh, the EMI at 18.00 for four years
would be Rs.
Other Charges
Notwithstanding
financing costs, business loan likewise carry
some
more charges which include
Dispossession Charges- These charges are to be
paid in the case that
you need to repay your whole credit sum
before the finish of loan tensure. Bajaj
Finserv permits prepayment of credit
subsequent to paying 1 EMI's with prepayment
charges - 4
Processing Fee- Bajaj Finserv requests a handling
expense of Upto 2
of loan amount with appropriate service charge.
Document required for the Business Loan
Business loan documents Checklist- A
juncture comes in any
business life cycle when you need to manage cash
flow
and grow your
business by investing in capital expenditure or
upgrading the business equipment etc.
? Address proof of individual Aadhaar
Card, Voters ID Card, Bank statement, registry
copy, rent agreement , utility bills ?
Identity proof of individual Passport, Driving
License, PAN Card, Aadhaar Card, Voters ID Card
? Business existence proof PAN,
sales tax/
excise/
VAT/
service tax registration, copy of partnership
deed, trade license, certificate of practice,
registration certificate issued by RBI, SEBI ?
Copy of Income Tax PAN for 24 months ?
Bank statement of last 6 months.