Small Medium Enterprises (SME) loans are a form of business loans extended only to medium-sized enterprises. These loans are tailor-made to suit the needs and requirements of SMEs. Whether you're looking to grow one, Business Loan from Bajaj Finserv would prove to be the smartest option.
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: Type of Business Turnover Cash-flow Profit Track Record
Bajaj Finserv helps your growing businesses by offering one of the lowest Business Loan interest rates in India. In order to check your interest rate on Business Loan, we have a calculator for you. Other charges such as Processing Fees, Secure Fee and EMI bounce charges would be applicable. Now you can apply for a Business Loan online and get approval within minutes.
Business Loan or SME loan requirements are different from other loans. In order to read about all the documents that would be required as well as to check eligibility criteria for Business Loan in detail, please click
A Small Business Loan is a form of a Business Loan which has been exclusively designed and tailored to meet the requirements of a small to medium scale business.
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, 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 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.
|Business Loans||Working Capital Facilities|
|Generally 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.|
|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.|
|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.|
|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 Business Loans from the bank||Various types of facilities can be offered by the bank under WCF facilities.|
|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.|
|Business Loans are costly than the WCF loans. Generally interest rates will be very from 18% to 21%.||WCF are relatively cheaper than the 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 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.|
Bangalore, also known as Bengaluru (Kannada) is the capital of the Indian State of Karnataka. Bangalore is nicknamed the Garden City and was once called a Pensioner's Paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city. There are a number of expats from across the world living in the city, Bengaluru’s reputation as a science and technology centre was established early in the 20th century in 1905 it became the first city in India to have electric street lights. Bangalore is known as the Silicon Valley of India because of its position as the nation's leading IT exporter. Bangalore is a major economic and cultural hub and the fastest growing major metropolis in India.
History is In 1537 the feudal lord Kempegowda built a mud fort here, but it remained something of a backwater until 1759, when the city was gifted to Hyder Ali by the Mysore maharaja.In 1809 the British Cantonment was established, and in 1831 the British moved their regional administrative base from Srirangapatnam to Bengaluru, renaming the city Bangalore in the process.
Tipu Sultan Fort represents the artistic talent that prevailed in the past. It was originally constructed by Kempe Gowda in the year 1537 using mud bricks. It was modified and extended by Haider Ali, who used granite stones in the process. It was Tipu Sultan who completed it during 1791 and it served as his summer retreat.
Bangalore Palace was constructed by Chamaraja Wodeyar in the year 1884 and he had his inspiration from England’s Windsor Castle. Located at city’s center, the Tudor style construction has Gothic windows, woodcarvings and turrets, which stand proof of the stunning architecture during the period. The 430-acre land that holds the palace has beautiful gardens.
This botanical garden is one of the most beautiful botanical gardens in India. Constructed by Haider Ali, it was later modified by Tipu Sultan. The Glass House in the gardens was inspired by the London Crystal Palace. Spread across a sprawling 240 acres of land, the garden has above 1800 species of plants, herbs and trees. The lawn clock in the garden is the first of its kind in India.
Nandi Hills is a perfect location to feel one with nature. Located 60 kms away from Bangalore, it is one of the hill stations near Bangalore with the solid monolithic granite mass that offers the best view. Rivers Palar and Arkavathi originate from here. The hill was named after the renowned Nandi temple, which is situated at the top of the hill. It is situated 1478 meters above sea level.
Cubbon Park is situated in 300 acres of land. It was constructed by Richard Sankey who was the Chief Engineer of Mysore. The Park offers beautiful walk way. It deserves to be called a Paradise for walkers. It houses museums, library, aquarium, toy train and tennis academy.
The place is famous for having Asia’s first hydroelectric power station. The falls are 38 km from banglore and near by so many temples there and this is the one of the beautiful place.