Get hassle-free unsecured working capital loan up to Rs 45 lakh from Bajaj Finserv




ANI |
Update:
04 May 2021 13:55 STI

Pune (Maharashtra) [India], May 4 (ANI / NewsView): Working capital is the difference between current assets and liabilities, and it’s the fuel that keeps a business running. If a person’s working capital levels drop, then their business operations could come to a halt.
There are many reasons for insufficient working capital, such as unpaid invoices, cyclical sales, periods of low income, and other macroeconomic factors that hamper the supply chain. However, whatever the cause, one way to overcome such a cash shortage is to raise funds through the Bajaj Finserv Working Capital Loan Facility. Individuals can get financing of up to Rs 45 lakh on easy eligibility terms and through a hassle-free approval process.
Read on to learn more about the Bajaj Finserv Working Capital Loan.
Get a loan of up to Rs. 45 lakh for various needs
As a cash-strapped business owner one can apply for a working capital loan from Bajaj Finserv and get approval up to Rs.45 lakh on competitive terms. There are no spending restrictions attached to the funds. It can be used freely for such purposes as:
Purchase of raw materials
Stock up on inventory
Pay overheads like salaries and office rent
Accept bulk orders
Cash flow management
Make upfront payments to suppliers
Once urgent issues have been resolved, improving liquidity should enhance their return on investment and, therefore, facilitate the management of repayments.
Raise capital without pledging an asset as collateral

One of the main advantages of the Bajaj Finserv Working Capital Loan Facility is that individuals can avail a large loan, up to Rs. 45 lakh, without offering any high value personal or business asset in guarantee. This avoids the hassle of identifying an eligible asset and having to worry about its status in case things don’t go as planned. In addition, without valuation of assets, one can save time and obtain financing without delay. In addition to the non-guarantee requirement, Bajaj Finserv does not impose a guarantor requirement either.
Get fast financing to remove financial barriers
Bajaj Finserv offers easy access to working capital loan financing as long as the eligibility criteria are straightforward. You just need to have a good financial profile, with a CIBIL score of 750 or more, and to have a vintage business of at least 3 years. To prove eligibility, a person must produce basic KYC documents as well as proof of business ownership, computer statements, income statements, and balance sheets.
Once you meet these conditions and have your documents in hand, you can apply for a working capital loan online. This is the best way to speed up loan approval. Individuals can get approval within 24 hours of online form filing and document verification after filing, prompt disbursement ensues. With simple eligibility, online application and transparent disbursement, one can improve his working capital without hassle.
Plan reimbursement with the EMI calculator
A working capital loan is normally taken out for short-term business needs. Nevertheless, it is good to do a cost benefit analysis before availing the loan. During this step, individuals need to assess their return on investment and determine the size of an IME that they can manage. An essential repayment tool that one should use to settle on the correct IME is the Working Capital Loan EMI Calculator. This will help optimize monthly and total interest expenses. These work in the opposite direction: when one increases, the other decreases. Therefore, individuals have to find a balance because the EMI calculator allows the principal and the tenor to be changed to arrive at the best loan structure.
Choose flexible withdrawals and refunds
Managing working capital can become tricky when a person’s financing needs are not set in stone and their ability to repay immediately is therefore hampered. In such scenario, the Flexi loan facility offered by Bajaj Finserv can be beneficial. With a Flexi loan, individuals get an approved loan limit, from which they can withdraw funds on the go, as needed. In addition, interest is only charged on the amount used. To make things smoother, one can repay the funds as soon as they are in surplus as there are no fees associated with prepayments. In addition, one can choose to pay IMEs with interest only for the initial term and thus reduce their monthly expenses by up to 45 percent *.
After considering how the Bajaj Finserv Working Capital Loan Facility can help a person navigate economic growth, apply for financing online. This working capital management solution will get you the cash you need in no time.
Bajaj Finance Limited, the loan company of Bajaj Finserv Group, is one of the most diverse NBFCs in the Indian market, serving more than 44 million customers across the country. Based in Pune, the company’s product offering includes sustainable consumer loans, lifestyle finance, life care finance, digital product finance, personal loans, loans against property, small business loans, home loans, credit cards, two and three wheel loans, business loans SME loans / loans, title lending and rural finance which includes gold loans and refinance loans vehicles as well as fixed depots. Bajaj Finance Limited is proud to hold the highest FAAA / Stable credit rating for any NBFC in the country today. It is also the only NBFC in India with the international “BBB” with stable long-term outlook, by S&P Global Rating.
For more information, please visit: www.bajajfinserv.in.
* Baths and conditions of application.
This story is provided by NewsView. ANI will not be responsible for the content of this article in any way. (ANI / NewsView)

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