5 Reasons Why a Bajaj Finserv Flexi Business Loan Should be Part of Your Financial Toolkit

by Shailendra Kumar Tech Reviewer

Having a positive working capital, maintaining the right level of inventory, paying short-term debts on time or buying extra raw material to cater to a bulk order. No matter what your business requirement is, it’s likely that you need an infusion of finance to take care of it. To arrange for the necessary funds, instead of selling business assets or introducing your personal finances to the mix, you can simply rely on a low cost, flexible business loan.

Fortunately, the Bajaj Finserv Flexi Business Loan is as convenient as it gets. It offers all the benefits of a regular business loan, but with convenience and comfort built in every step of the way. Here’s a look at 5 reasons why this loan trumps all other business financing options in the market, allowing you to #FinanceYourBusinessTheFlexiWay.

It allows you to borrow as you go

With a Flexi Business Loan, you don’t have to avail the entire loan amount up front. You can borrow as you need to from the sanctioned amount. This means that as a manufacturer of school bags, you may have applied and got a sanction of Rs.20 lakh. This doesn’t mean that you have to take the entire amount in one go. You can withdraw in parts instead. For example, you can withdraw Rs.7 lakh to purchase raw material first, and then another Rs.3 lakh to secure your inventory and procure packaging material.

You have to pay interest only on what you use

You can truly #FinanceYourBusinessTheFlexiWay with this loan! Here, interest is only applicable on the sum you use. This means that you may get Rs.20 lakh as a sanction, but interest is only levied on what you use. So, if you first withdraw Rs.7 lakh, you will pay a nominal interest only on this amount. Later, when you withdraw another Rs.3 lakh, you will pay interest on a total of Rs.10 lakh. The balance Rs.10 lakh will still accrue no interest.

You can repay the loan as per your convenience

Apart from a lengthy tenor that spans several months, the Bajaj Finserv Business Loan, through its Flexi facility, makes repayment a hassle-free experience as well. You can choose to pay interest-only EMIs through the tenor and then repay the principal once the tenor is up. This makes managing your cash flow a breeze, and doesn’t put undue stress on your finances. On the contrary, you can save around 45% by opting for this payment scheme.

You can get finance without pledging collateral

The ultimate aim of a Bajaj Finserv Business Loan is to help you finance your business needs as flexibly as possible. As a result, you can apply without having to pledge any collateral. This means whether you’re hesitant to bring your business assets into the picture or don’t have sufficient assets, you can still access the money you need to grow your business.

You can apply and manage your loan online

When you’re caught up with myriad business tasks, taking a loan shouldn’t add to your burden; instead, it should be one less thing to worry about. This is precisely why the Bajaj Finserv Business Loan is one you can apply for online, in a matter of minutes. Thereafter, you can view its details online as well, through a secure online account, and make repayments and withdrawals just as easily. Submit less than 2 documents, and get approval in less than 24 hours. It’s as easy as that.

So, whether you want to diversify operations, set up a second office or hire additional employees to meet seasonal demand, when you’ve got Bajaj Finserv by your side you can #FinanceYourBusinessTheFlexiWay and carry out business on your terms.

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About Shailendra Kumar Advanced   Tech Reviewer

49 connections, 2 recommendations, 165 honor points.
Joined APSense since, June 5th, 2018, From Delhi, India.

Created on Feb 25th 2019 06:03. Viewed 492 times.


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