An online business loan can be a handy solution for all your business needs April 10, 2021

By siliconindia  |  Monday, 12 April 2021, 02:34:42 PM IST

An online business loan can be a handy solution for all your business needs April 10, 2021

No matter how precise and planned your enterprise’s financial management is, a time is bound to come when cash flow is compromised due to urgent needs. In today’s competitive business climate, having an external financing plan you can fall back on can be a lifeline. One way to address this is by identifying the ideal online business loan that delivers funds to your account as soon as possible without putting you through the paces.

Apart from an approval process that’s both streamlined and fast, the credit facility you choose also needs to be affordable so as to not risk your business’ health. You can rely on business financing from Bajaj Finserv to address all urgent expenses arising due to:

  • Machinery or equipment malfunction
  • Data or cybersecurity breach
  • Sudden business opportunity
  • The shift to a new technology architecture
  • Seasonal demands that require additional workforce or inventory purchase
  • Infrastructural damage due to weather and other factors
  • The adoption of Artificial Intelligence and Machine Learning technologies
  • Working capital gaps due to theft or unpaid invoices

Bajaj Finserv provides an online business loan that can help meet critical business needs quickly; read on to know why the solution is the right choice for your business.

Gives you substantial finance without any risk to assets

Not only does a secured loan mean you have to pledge personal or business assets as security, but it's verification also takes times. The Bajaj Finserv Business Loan does not require collateral, which not only means the loan processing time is shorter, but that the application process is also easier. What’s more, you can avail a high-value loan with quick approval. Moreover, there are no restrictions on use, so you are free to pursue any avenue for business growth.

Offers affordability during repayment 

Repayment comfort can make all the difference between draining the resources and boosting the productivity of your business. With financing from Bajaj Finserv, you can repay over a long tenor, which keeps your monthly payments low and manageable. Matching even the most competitive business loan interest rate in India, this option also makes prepayment and foreclosure affordable with nominal fees. You can plan business finances better using the handy business loan EMI calculator right from the get-go.

Makes application fast and simple 

When urgent business needs require your full attention, avoiding tedious paperwork can be a boon. The online business loan from Bajaj Finserv prioritizes your convenience, with simple eligibility criteria that one can meet with ease and a short and simple online application form. This way, you can apply on the go right from your smartphone. Further, the documents required are also minimal, which makes the process yet easier and quicker. The list of documents includes:

  • KYC documents
  • Proof of business ownership
  • Income tax returns filed for the last 1 year
  • Profit and loss statements as well as balance sheets of the previous 2 years

Delivers Flexi benefits for unpredictable needs 

Sometimes, fast finance via an online business loan can compromise the flexibility of use and repayment; but with Bajaj Finserv’s unique Flexi facility, this is no longer an issue. With this facility, you can borrow multiple times from the loan limit assigned to you and pay interest only on what you use. This makes addressing unpredictable expenses more pocket friendly. Moreover, you can choose to pay only the interest as EMIs during the initial part of your tenor, which can reduce your EMIs by up to 45%*, enabling you to manage strapped cash flows better.

All these features help address your urgent needs in a timely and fitting manner, so you can focus your energies where they are needed. Rest assured that this online business loan comes with no hidden fees, so you can account for the borrowing cost without unpleasant surprises in the future. You can also check the loan statement, interest certificate, and repayment schedule as well as manage EMIs with ease thanks to online account management via the customer portal. To get the funds you need hassle-free, check your pre-approved offer from Bajaj Finserv now, and steer your business towards growth.

ON THE DECK

siliconindia