Bajaj is one among the leading manufacturers and export products. They are into new markets all over the world and always looking for fresh talent and the most intelligent minds. They take care of all the paper work while supplying the loans to the borrowers at the best possible interest rate. The loans offered by Bajaj are for a very short period, the loans can be availed within two weeks time. So, you will get a breather during this period of bad economic times.
Bajaj is a great company that gives quick loans at low interest rates to the borrowers. The business process is simple and easy to understand. The application can be made online and the documents have to be submitted only after filling up the form with the required information. After getting the approval, you will receive a cheque in your mail box.
The loans are available to a maximum of ten thousand dollars. If the business has not gone through any recession yet, then it is possible to avail the loans at twenty percent of the gross value of the asset. The loans are sanctioned on the basis of your equity value present in the company. If there is equity, your loans will become easier to obtain. If there is no equity, you can still get the loans but you will have to pay high interest rates.
These loans are suitable for every kind of business. You can avail the loans for expanding the business, buying additional office spaces, purchasing new machinery and appliances and for many other purposes as well. The loan amount depends on the number of workers you have, the capitalization of the business and repayment structure of the business. The repayment structure may include an installment payment, salary contributions, profit sharing and dividend payment etc. The loans are available for all business activities including general business, construction business, hotel business, restaurant business and many others. The only thing that Bajaj requires from the borrower is that he must own a ten percent share in the business.
Bajaj has many branches and franchise offices in all major cities of India. The branches are established after checking the eligibility of each franchisee. In addition, they also have offices in some select cities of the world. As the loan is offered on the basis of the equity, the approval goes fast. The only thing required is that you should be earning at least fifty percent in each month.
You can apply for these loans online or offline. There are various websites that offer loans to business houses. However, if you want the documents to be faxed only then you should apply for the loans in person. The faxing of the documents is a proof of your veracity.
The business loan Bajaj has been introduced by Bajaj due to the growing competition in the Indian . . . . . . market. There is fierce competition in the business market as every business house wants to make its presence felt in the global market. Bajaj to compete with other business houses is offering various loans at attractive rates. This loan is not difficult to avail as it is available in different schemes under the same scheme. Thus, you get more chances to consolidate your loans.
This business loan facility of Bajaj has made life easier for the small businesses. The banks and other financial institutions have started to offer loans at very easy terms. This has made the task of approaching a financial institution easier. The online application method is preferred by most of the applicants. There is less paperwork involved in the online method.