Friday, Oct 18 2019 | Time 09:36 Hrs(IST)
image
  • 'Perspective needs to go beyond sense of sympathy & charity for specially-abled'
  • Dengue virus traps Aurangabad city, records 15 cases daily
  • China's industrial output up 5 6 pct in first three quarters
  • Mexico says detained one of drug lord El Chapo's sons - Reports
  • All eyes on consultative meet in Kohima over Naga peace parleys
  • China’s economic growth slows to record low 6 0 pc in 3rd quarter - Statistics Bureau
  • EU leaders call for cooperation MH17 crash investigation
  • 98 illegal immigrants rescued off Libya's western coast
  • US-Turkish ceasefire ‘parade’ lets Trump take credit for saving Kurds - Ex-Senate Aide
  • Joint Turkish-US efforts to boost regional peace, stability - Erdogan
  • Kremlin notes nothing clear on US statement on possibility of inviting Russia to G7
  • Trump says Energy Secretary Perry leaving at end of year, replacement lined up
  • US, Turkey agree to 120-hour ceasefire in Syria to withdraw Kurds - Pence
  • Johnson assures EU to do everything possible for approval of new Brexit deal - Merkel
  • US house democrats want plan from Trump to block IS resurgence in Syria - Pelosi
Press Releases » Business Wire India


Take Your Business to New Heights With the Bajaj Finserv Business Loan

Business Wire India
Every enterprise needs capital to grow and expand. Now be it to invest in infrastructure, buying new inventory, expanding operations or simply to increase the workforce. Capital is the fuel that any business requires to outperform competitors and run the business smoothly.

 

While all businesses may need loans to enhance their trade, not all may acquire a timely infusion of funds. To address timely financing Bajaj Finserv offers Business Loan that offers incredible features that can aid your business.

 

This loan offered by Bajaj Finserv, through its lending and investment arm Bajaj Finance Ltd, can give your business the much-needed boost to help your enterprise scale new heights with enhanced competitiveness and profitability:

 

How to put business financing to the best use


  • Ensure seamless working capital and cash flow management

  • Buy, lease or upgrade machinery, plant and equipment

  • Meeting seasonal business demands of bulk orders and workforce

  • Expand and diversity with new locations and new offerings

  • Market to your target audience with digital and physical ecosystems


 

Why opt for the Business Loan by Bajaj Finserv


  • Gain access to sizable, collateral-free sanction


Among the top features of this MSME loan is that you gain access to capital of up to Rs.30 lakh to fund any business-related needs. While on the growth curve, you can use funds from your sanction to pay for expansion and in the process of setting up a business in new cities, you can purchase or install new machinery, set up a new plant or lease sophisticated equipment as required. You can also use funds from this sanction to boost your business’s cash flow and increase your working capital for smoother operations. You do not have to pledge any of your assets as collateral to avail this loan, which further makes the process of availing a sanction hassle-free.

 

  • Enjoy easy application and quick disbursals with pre-approved offers


When manning a seasonal business, you are bound to face cash shortages every now and then. To keep up with the demand just before your business cycle starts, you need to finance inventory and hire semi-permanent talent, all of which requires capital. Sometimes, you may even come across a bulk order, which may require you to expand your team. To access funds quickly and easily, you can rely on the Bajaj Finance Business Loan. Here the application is simple and straightforward, courtesy of the lenient eligibility criteria.

 

As a self-employed individual, you just have to meet a few conditions to qualify for the loan, which are:

  • Age between 22 to 55 years

  • Business should have a vintage of at least 3 years

  • Duly filed business ITR for the past year, at least


 

After having met these conditions, all you need to do is submit minimal documentation, so that you can focus on your business. What’s more, when you avail this loan via a pre-approved offer, the process is even faster and involves a one-step application! Within 24 hours, you will have the money in your bank account so that your business gets quick access to funds when in need.

 

  • Borrow affordably thanks to a competitive interest rate offering


As a business owner, getting the best interest rate on your loan is a priority because it directly impacts your bottom line. With this Business Loan, you can borrow at a competitive interest rate starting at 18% per annum, so that repayment becomes stress-free.

 

  • Opt for the Flexi Loan facility for enhanced cash flow management


A special feature of this offering is the Flexi Loan facility. Through this, you borrow from your sanction as and when you need funds, multiple times, and pay interest only on the amount withdrawn. Further, via this facility, you can also choose to pay interest-only EMIs throughout the tenor and repay the principal at the end. This can effectively reduce your monthly instalments by up to 45%, allowing for efficient cash flow management and convenient repayment. This way, you can address any expenses in instalments or tackle unpredictable business needs with ease.

 

As you can see, this SME loan is an efficient way to keep your business running smoothly, whether the market is facing a slump or if you’re gearing up to grow! To add to your ease in applying for this Business Loan, Bajaj Finserv allows you to apply both online and offline.
More News
Infor Recognized With Frost & Sullivan’s 2019 Indian Enterprise Asset Management Solution Product Leadership Award

Infor Recognized With Frost & Sullivan’s 2019 Indian Enterprise Asset Management Solution Product Leadership Award

17 Oct 2019 | 5:42 PM

Infor has been recognized for its best practices in Product Leadership in the Indian EAM Solution industry at Frost & Sullivan’s 2019 India Best Practices Awards Banquet.

see more..
NITI Aayog With Institute for Competitiveness Launches India Innovation Index 2019

NITI Aayog With Institute for Competitiveness Launches India Innovation Index 2019

17 Oct 2019 | 5:30 PM

Recognizing the role of innovation as a key driver of growth and prosperity for India, NITI Aayog with Institute for Competitiveness as the knowledge partner has released the India Innovation Index 2019.

see more..

Berlin, Auckland and Moscow Lead Global Mobility, Study Finds

17 Oct 2019 | 4:20 PM

Berlin and Auckland are the world leaders in urban mobility, according to new analysis from Kantar’s Mobility Futures study. ...

see more..

WNS Announces Fiscal 2020 Second Quarter Earnings, Revises Full Year Guidance

17 Oct 2019 | 3:30 PM

WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced results for the fiscal 2020 second quarter ended September 30, 2019.

see more..
image