138th Day Of Lockdown

Maharashtra49026232728117092 Tamil Nadu2850242275754690 Andhra Pradesh2170401296151939 Karnataka164924842322998 Delhi1441271293624098 Uttar Pradesh118038698332028 West Bengal89666630601954 Telangana7751354330615 Bihar7578648673419 Gujarat68855517922604 Assam5549737225132 Rajasthan5065636310776 Odisha4419328698307 Haryana4005433444467 Madhya Pradesh3729827621962 Kerala3312020862107 Jammu and Kashmir2439020862459 Punjab2193014040539 Jharkhand165427503154 Chhatisgarh11408831987 Uttarakhand89015731112 Goa7947559570 Tripura6014408437 Puducherry5123291475 Manipur3635192711 Himachal Pradesh3242201513 Nagaland26888937 Arunachal Pradesh204913263 Chandigarh137482023 Meghalaya10234236 Sikkim8544061 Mizoram5672890
Business Other News 28 Feb 2019 Get cash on your ter ...

Get cash on your terms with flexi business loans from Bajaj Finserv

ANI
Published Feb 28, 2019, 4:19 pm IST
Updated Feb 28, 2019, 4:25 pm IST
Rather than relying on traditional forms of credit, borrow funds like you run your business with a Flexi Business Loan from Bajaj Finserv.
Bajaj Finserv. (Photo: File)
 Bajaj Finserv. (Photo: File)

Pune: Keeping your company up and running requires both a sound strategy and the right funds to put the pedal to the metal. Rather than relying on traditional forms of credit, borrow funds like you run your business—on your own terms—with a Flexi Business Loan from Bajaj Finserv. Take a look at how you can #FinanceYourBusinessTheFlexiWay.

Borrow all you need for periodic, planned, unplanned expenses

 

With funds up to Rs 30 lakh, you never need to worry about meeting your business’ financial requirements. Whether you need to source working capital during an offseason or finance your business expansion, you can always count on the Flexi Business Loan from Bajaj Finserv that proves convenience comes at no extra charges or compromises. This way, you can #FinanceYourBusinessTheFlexiWay without sacrificing substantial funding.

Perfect for times when your real estate business faces a snag or when you switch from plastic packaging to biodegradable packaging to comply with regulatory norms, this loan offers a high sanction at nominal interest rates. All this, so that your main interests are vested in the growth and development of your business and not wasted in worrying about repayment.

 

Pay for just what you use

While you like to be prepared and have the necessary finances in order to deliver the quality your brand promotes, you may worry about exceeding your budget by overborrowing. While you may plan to use approximately Rs 5 lakh, you may wish to borrow Rs 10 lakh to be on the safe side. However, say with an interest rate of 15Per cent, you will be required to pay interest on the whole Rs 10 lakh and not just your used amount of Rs 5 lakh with a traditional business loan. However, with Bajaj Finserv’s Flexi Business Loan, this worry is now a thing of the past. This means that you can get approved for a high loan sanction and borrow funds as and when you need them and pay interest only on the amount used and not entirely the amount sanctioned.

 

Here’s an example: With a sanctioned loan amount of Rs 10 lakh and utilised amount of Rs 5 lakh at 15Per cent interest rate for a tenor of 5 years, you pay Rs 23,790 as EMI. However, with a Flexi Business Loan, you pay EMIs of Rs 13,550. This amounts to Rs 1,22,880 of annual savings. Testing out potential equipment to speed up your manufacturing? Now you need not to apply for a second loan to buy more machines at a later date. Just borrow from your sanctioned limit according to what you require and pay interest only on the amount you use!

Pay your dues when you receive what’s due to you

 

You already know that getting your business into the big league is only an opportunity away. Don’t lose the opportunity just because you worry about balancing the scales with loan repayment and your working capital requirements. Bajaj Finserv’s Flexi Business Loan allows you to borrow what you need and choose to pay interest-only EMIs. You can then repay the principal amount at the end of your tenor. This way you can fund business growth now and repay your loan when you finally receive the payment for your orders later.

What’s more, with interest-only EMIs to pay, you pay 45 per cent lower EMIs, which significantly reduces the amount you need to shell out monthly. Using the example given above, you can expect to pay Rs 7,500 instead of Rs 13,550 when you opt for interest-only EMIs. This makes for Rs 72,600 worth of annual savings when you choose interest-only EMIs.

 

Take your business to new heights as you

 #FinanceYourBusinessTheFlexiWay. Check your pre-approved offer and expedite your financing with instant approval because when it comes to business every minute counts!.

...
Location: India, Maharashtra, Pune




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT