Running a successful business requires strategic planning, consistent effort and access to adequate financial resources. Whether you need funds to expand your operations, purchase inventory or manage cash flow, a business loan can help you achieve your goals. With the Bajaj Finserv Markets Instant Loan App, applying for a business loan has never been simpler. This guide will walk you through the easy steps to apply for and get your business loan.
Why Choose Bajaj Finserv Markets App for Your Business Loan?
This instant loan app is designed to simplify financial transactions and offer a beginner-friendly loan application process. Here are the key features and USPs of applying for a business loan through the app:
- High Loan Amount: Secure funding of up to ₹50 lakhs to boost your business growth, whether it’s for expansion, purchasing equipment or hiring talent.
- Competitive Interest Rates: Enjoy interest rates starting from just 14% p.a., making repayment affordable and stress-free.
- Quick Approvals: Get instant loan approval based on your eligibility, saving time and enabling faster access to funds.
- Zero Collateral: Apply for a loan without pledging your valuable assets as security.
- Flexible Repayment Tenures: Choose repayment tenures of up to 96 months to suit your financial convenience.
- 10+ Lenders to Choose From: Compare and select offers from multiple trusted lenders, ensuring you get the best deal.
- Hassle-Free Process: Minimal documentation and an easy-to-navigate application process make applying for a business loan easier.
Eligibility Criteria for a Business Loan
Before applying, ensure you meet the following criteria:
- Citizenship: Indian citizen, aged 21-60 years.
- Business Type: Self-employed professionals (e.g., doctors, chartered accountants) or self-employed non-professionals (e.g., traders, manufacturers). Partnerships, LLPs and private limited companies are also eligible.
- Business Experience: Minimum of 1 year in the current business and 5 years overall experience.
- Annual Income: At least ₹1.5 Lakhs per annum (as per ITR).
Documents Required
Keep these documents handy for a smooth application process:
- Identity Proof: PAN, Aadhaar card, passport, driving license or voter ID.
- Address Proof: Aadhaar card, passport, utility bills or lease agreement.
- Income Proof: Last 6 months’ bank statements, ITR, certified P&L statement and balance sheet for the last 2 years.
- Business Proof: Sole Proprietorship Declaration, Partnership Deed or Memorandum and Articles of Association.
Steps to Apply for a Business Loan on Bajaj Finserv Markets App
- Download the Bajaj Finserv Markets App: Install the app from the Google Play Store or Apple App Store.
- Create an Account: Register with your mobile number and DOB.
- Click on ‘Check Offer’: Find the business loan section and explore the options available.
- Enter Your Details: Fill in your personal, business, and financial details in the online form.
- Select Loan Amount and Tenure: Specify the required loan amount and choose a repayment tenure that fits your budget.
- Submit Your Application: Upload the required documents and submit the form for verification.
- Receive Instant Approval: Once verified, receive approval and have the loan amount disbursed to your account.
Benefits of Business Loans from Bajaj Finserv Markets App
- Convenience: The entire process, from application to disbursal, can be done online without visiting a branch.
- Transparency: Compare multiple offers and choose the one best suited to your needs without hidden charges.
- Tailored Solutions: Customize your loan amount, tenure, and EMI to meet your unique business requirements.
Conclusion
The Bajaj Finserv Markets instant loan App is a one-stop solution for managing your financial needs efficiently. With access to business loan of up to ₹50 lakhs at competitive interest rates starting from 14% p.a., flexible repayment tenures of up to 96 months, and zero collateral requirements, it caters to the diverse needs of business owners. This instant loan app offers instant loan approvals, minimal documentation, and the convenience of comparing offers from 10+ trusted lenders. Trusted by over 10 million users, it not only simplifies borrowing but also empowers you to explore 30+ cards, insurance premiums starting at just ₹19 for coverage up to ₹3 lakhs, and investment options with a minimum of ₹1,000. Additionally, you can check your CIBIL score and download the report for free. Make sure to use our business loan EMI Calculator App to make your business loan planning simpler. With its user-friendly interface and comprehensive financial tools, Bajaj Markets is truly revolutionizing the way individuals and businesses manage their finances.