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Bajaj Finserv, a part of Bajaj Holdings & Investments Limited, is an Indian financial services company focused on lending, asset management, wealth management and insurance. The company through its joint ventures and subsidiaries employs over 20,000 employees and has established a nationwide presence across over 1400 locations. The company is currently engaged in consumer finance businesses, life insurance, and general insurance and has plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, Bajaj Finserv is also active in wind–energy generation.
Ranked amongst the top 25 best places to work in Asia by the Great Place to Work (GPTW)
Institute 10 Best Multinational Workplaces in Asia 2015
Best Small & Medium-sized Workplaces in Asia 2015 (50-500 Employees)
25 Best Workplaces in Asia 2015 (500 + Employees)
Awarded in the category of 25 Best Workplaces in Asia 2015 (500 + Employees)
Won the CIO 100 Innovation award for two products - EMI Card and Flexisaver.
When you apply for a business loan in India, it is likely that you are a self-employed individual/chartered accountant, doctor, lawyer, working in a limited/private limited company or a partnership/proprietorship firm. The easiest way however, to apply for a business loan, is to go online and get your job done in minutes.
The eligibility criteria and loan amount might depend on factors such as:
Accelerate the Business Growth
For immediate Business Requirement
For Boosting Revenue
For Training the Manpower
Foreign Business Trips
New Business Contracts
Setting up a new branch
To Purchase Stock
Owning a business is an exciting journey. When starting off there are many odds and ends to be met, once the business is set things will begin to takeoff. However nothing is possible in the business world without the right financing. Many business owners will review the financing options available to them, Bajaj Finserve Business Loans are the best suitable for kind of your requirements.
As a business owner, your most difficult task is finding the money to operate your business. Taking the necessary steps to prepare for a small business loan can minimize the difficulty.
Learn what you need to know to clinch the loan deal.
You can get a loan for your business by proper preparation. The main requirements of attaining a business loan are your credit history, business plan, experience, education, and feasibility of the business you are expanding.
The most important task to obtain a business loan is to improve the business. Your business plan must answer the questions, a lending institution would ask for following.
Rate of Interest will be based on bank/financial Institutions internal policies and terms. Generally Bank account conduct, reputation of the entity, repayment capability, credit history, Promoters Back ground and other credit related factors which can be evolve for Bajaj Finserve Business Loans.
Tenor: from min of 12 months to Max of 48 months.
Interest Rate: from min 16(percent) to 22 (percent) .
Age: Min of 24 years to max of 55 years.
Repayment: Monthly EMI to be paid till the loan closure.
Repayment mode: By way of PDC, ECS or Standing Instructions.
Pre-Closure Charges: Will be applicable as per bank norms.
|Bajaj Finserve Business Loans||Working Capital Facilities|
|Generally Bajaj Finserve Business Loan are small tenor unsecured loans offered by the bank based on the requirement, conduct and credit history of the entity.||Working Capital loans are related to business day to day operations, there is no limitation for the working capital facilities as per the entities financial performance and collateral capacity.|
|Bajaj Finserve Business Loans are by nature it is a loan and need to repay the regular instalment till the loan will be cleared.||Working capital Facility is a facility you can avail the regular day to day transactions for your business purpose, generally WCF will be sanctioned for 12 months tenor.|
|Bajaj Finserve Business Loans can be used for any related works, and there is no restriction for usage of funds.||WCF will be used only for business and business related purpose, there is a restriction on usage for facilities.|
|Bajaj Finserve Business Loans will be only provide the fund based limits.||Working capital facilities can be sanctioned for fund based or non fund based requirement.|
|Only one type of facility can be availed from the Bajaj Finserve Business Loans from the bank||Various types of facilities can be offered by the bank under WCF facilities.|
|Bajaj Finserve Business Loans can be availed by small business owners.||WCF facilities can be availed by small business owner to big corporate.|
|Maximum tenor of loan is 48 months offered by the banks.||Maximum tenor will be 12 months based on the facility requirement.|
|Bajaj Finserve Business Loans are costly than the WCF loans. Generally interest rates will be very from 18% to 21%.||WCF are relatively cheaper than the Bajaj Finserve Business Loans. Generally interest rates will be vary 13% to 15% as per bank internal policy.|
|Minimum of 3 years vintage will be required for the business loans.||Min of 1 year vintage for calculation of eligibility will require for WCF.|
|Generally Bajaj Finserve Business Loans will be used for unexpected requirement in business..||WCF will be used for regular activities of business.|
|Loan disbursement will be max 7-15 days from the date of application.||Min of 15 days to max of 90 days will require for process the WCF request from the date of application.|
|Banks/Financial Institutions will prefer to provide the business loans to WCF customers.||Banks will prefer to take more collateral to fund the WCF.|
|Interest will be on total loan outstanding and will be calculated on monthly basis.||Interest will be calculated on daily basis outstanding and will be debited in account on monthly basis.|
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