Are you looking to grow and scale up your business in Kolkata? In this case, you would ideally require a suitable business loan in Kolkata since paying for expansion requirements from the business coffers or cash flows is not really a smart move. This will stifle operational requirements and hinder your working capital corpus. As a result, you should always look out for the best possible business loan in order to grow your business. Bajaj Finserv offers innovatively tailored business loans in Kolkata that come with several benefits including flexible repayment options and highly competitive business loan interest rates.
However, before applying for a business loan from Bajaj Finserv in Kolkata, you should always check whether you meet the business loan eligibility criteria. The eligibility criteria at Bajaj Finserv include the following:
● Age between 25-55 years
● Business vintage of 3 years (minimum)
● IT returns for at least 1 year
● CA audited last year’s turnover
Other financial documents may also be required during the verification process. The profiles that are eligible for consideration include:
● Self-employed nonprofessionals
● Self-employed professionals
● Partnerships, Limited Liability Partnerships, Limited Companies, Private Limited Companies
● Manufacturers, Proprietors, Retailers, Traders, Service Providers
● Chartered accountants, allopathic doctors, architects, company secretaries who have their own practices
You are also required to submit some necessary documents. These include the following:
● Passport size photograph
● Certificate of Business Existence/Proof of Business
● KYC documents
● Last month’s bank account statements
● Necessary financial documents
The online application process is very easy. You only have to fill in the form and upload the necessary documents. In case you are eligible, you will get instant approvals. Company representatives will then contact you with details of pre-approved loan offers. There is an online eligibility calculator that will help you determine the amount that you are eligible for. You can also calculate the expected monthly EMI with the helpful online EMI calculator offered by Bajaj Finserv.
The entire approval, verification, documentation, sanctioning and disbursal processes are swift and you will get the funds you require in a timely manner. This is one of the biggest advantages here along with easy online account access anywhere and anytime as per your convenience.
You can apply for a business loan up to Rs. 30 lakh at a highly competitive rate of interest. There are pre-approved offers for existing customers which come with lower rates of interest or top-up loans among other special benefits. There is no security/collateral required which is a major boon for businesses which cannot offer adequate security for their loans and yet require funding urgently for expansion needs or to meet rising market demand. There is also the Flexi Loan offering where you get an allocated amount for a specified duration.
You can withdraw as per your requirements and pay interest only on the amount utilized. The monthly EMI will only have the interest component while the principal amount can be repaid at the end of the loan tenor. This helps in efficient management of cash flows and ensures higher savings in terms of interest costs.