Working Capital Loan Bajaj Finserv

Business Loan  Updated date : November 22, 2017 14

Working Capital Loan ✔ Working Capital Finance upto 30 Lakh within 24 Hours ✔ Nominal Interest Rates ✔ Minimum Documentation ✔ Collateral Free Loans ✔ Door Step Service ✔ Loan EMI Calculator

What is a Working Capital Loan?

A working capital loan is a source of finance that funds the daily operations of a company, including bills that need to be paid, cash flow requirements, employee salaries, and other everyday costs. Essentially, a working capital loan makes cash available to fulfil a company’s short term operational needs.

Working Capital Loan: Features and Benefits

Loan up to Rs. 30 lakhs in 24 hours:

Bajaj Finserv, offers working capital finance in just 24 hours, which means that your business’s daily operational expenses won’t suffer from any hindrances.

No collateral required:

Bajaj Finserv offers unsecured working capital loans. This enables you to get finance without pledging any collateral upfront to take a working capital loan.

Doorstep Service:

Once you apply for a working capital loan, we offer doorstep service at your convenience to pick up your documents and help process your loan faster.

Business Line of Credit:

Pay 45% Less EMI when you take a working capital loan as a business line of credit. Under this facility, you get a fixed credit line for a set tenor. Withdraw and repay funds as many times as you need from within the credit line. Pay only interest as EMI, which reduces the burden of regular repayment.

Minimum Documentation:

You need to submit only your KYC documents, a passport-sized photograph, proof of business vintage, and relevant financial documents, in order to apply for a working capital loan.

Interest Rates and Charges

Type of FeeCharges Applicable
Interest rate16-35%
Processing feeUp to 2%
Loan statement chargesNIL
Part-repayment chargesNIL*
Interest and principal statement chargesNIL
EMI bounce chargesRs. 2,500 per bounce*
Penal interest2% per month

*Applicable after the first EMI is cleared.

Check your EMI using our Business Loan EMI Calculator

Working Capital Loan Eligibility Criteria

  • Self-employed individuals who have been running a business for a minimum of 3 years.
  • Entities like partnerships, limited liability partnerships, private limited companies, and closely held limited companies.
  • Other applicant types, depending on their profile, on a case-to-case basis.

Working Capital Loan Documents Required

Passport-sized photograph

KYC documents

Certificate of business establishment as proof of business

Audited turnover of the previous year

Bank account statement of at least 2 previous months

How to Apply Working Capital Loan

You can apply for a business loan by filling in the online application form business loan here.

Within 24 hours, our representative will call you with your pre-approved loan offer.

Once you submit the required documents with our representative, your loan will be sanctioned and the money will be deposited in your bank account in 24 hours. This is subject to your documents being verified.

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