Ganesh Chaturthi, one of the most auspicious festivals in India, symbolises new beginnings and the removal of obstacles. It is an ideal time for individuals and businesses to embark on new ventures. This festive period presents an ideal opportunity for businesses to take bold steps towards expansion, whether that means scaling operations, investing in new technology, or enhancing working capital. For those planning such growth, a Bajaj Finserv Business Loan can serve as the perfect financial partner, providing the necessary capital to turn ambitions into reality.
Bajaj Finserv Business Loan
Top 5 reasons to choose a Bajaj Finserv Business Loan this festive season
Here’s why a Bajaj Finserv Business Loan stands out as an ideal solution for businesses aiming to grow during this festive season:
Quick approval and disbursal
In the fast-paced business environment, timing is everything. Delays in securing funds can mean missed opportunities. Bajaj Finance understands this urgency and has streamlined its loan application process to ensure quick approvals and rapid disbursals.
Convenient repayment options
Managing cash flow is a critical aspect of business operations, especially when taking on new financial commitments. Bajaj Finance offers flexible repayment tenures ranging from 12 to 96 months, allowing businesses to choose a plan that best fits their financial situation.
High loan amounts
Every business has unique financial needs, whether it’s a small enterprise looking to stock up on inventory or a large corporation planning a major expansion. Bajaj Finance caters to these diverse needs by offering business loans ranging from Rs. 2 lakh to Rs. 80 lakh.
Minimal documentation
The process of securing a loan often involves navigating through a mountain of paperwork, which can be both time-consuming and frustrating. Bajaj Finance simplifies this process by requiring minimal documentation, making it easier and faster for businesses to apply. This hassle-free approach allows businesses to focus on their operations rather than getting bogged down by paperwork.
No collateral required
This feature makes it easier for a broader range of businesses to qualify for a loan, helping them to achieve their growth objectives without the added stress of risking their assets.
Business loan eligibility criteria
Before applying for a loan, it’s essential to understand the basic business loan eligibility criteria to enhance the chances of approval. The primary factors considered include:
Business vintage
Businesses that have been operational for a minimum of three years are typically more likely to secure a loan.
CIBIL score
A strong credit score is a crucial element in securing a business loan. A score of 685 or above is generally considered favourable and can improve the chances of obtaining a loan with competitive terms.
Age limit
The age of the applicant also plays a role in the loan approval process. To apply for a business loan, the applicant should be between 24 and 80 years old.
How to apply
Applying for a Bajaj Finserv Business Loan is designed to be simple and efficient, so businesses can focus on growth rather than complex procedures. Here’s how to apply:
Download the Bajaj Finserv App or visit the official website.
Fill out the application form with basic business and financial details.
Upload required documents like KYC details and proof of business ownership.
The application is reviewed quickly, ensuring prompt approval.
Once approved, the loan amount is disbursed directly to the bank account, allowing immediate access to funds.
This streamlined process helps businesses capitalise on opportunities swiftly, especially during the busy festive season.
In addition to a straightforward application process, the Bajaj Finserv App enhances the financing experience with its user-friendly interface, allowing businesses to apply easily and intuitively. It offers real-time loan tracking, providing transparency throughout the approval process, and serves as a comprehensive financial management tool for monitoring repayments and planning expenses.
Conclusion
As Ganesh Chaturthi brings a season of new beginnings, it’s the perfect time for businesses to pursue growth. A Bajaj Finserv Business Loan offers the flexibility and support needed to make the most of the festive season, with quick approval, high loan amounts, and multiple repayment options. Embrace the festival’s joy and let Bajaj Finance handle business needs with ease!
*Terms and conditions apply.
About Bajaj Finance Limited
Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 80.41 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings.