19 April 2018
Bajaj Finserv, through its lending arm, Bajaj Finance Ltd., is offering collateral free business loans to help SME’s meet their financial requirements. Most of the small-scale business owners aren’t able to realise the expansion opportunities for their business due to the absence of collateral to avail funding.
Collateral Free business loans from Bajaj Finserv give them the opportunity to maximize their growth potential. The collateral free loans have been designed to help small-scale business owners meet their urgent financial requirements and actualise their potential. These loans can be used by the borrower for any purpose they desire.
This Industry friendly loan features includes funding of up to Rs. 30 Lakhs as collateral free business loans depending on their financial requirements. These loans from Bajaj are powered by Flexi Loan feature, wherein the customers can borrow according to their needs and repay according to their cash flows. The loans are available for a repayment tenure up to 8 years, with great flexibility offered in repayment terms where only interest can be repaid as the EMI and principal to be paid as a lump sum at the end of the tenure. It requires Minimal Documentation at a quick speed and require only basic KYC and financial documents. Customers can exercise complete control over their loan including repayment over the Experia portal.
With small-scale businesses being touted as the engines of growth for the Indian economy, these collateral free loans from Bajaj will help these businesses realise their full potential.