If you are looking for the perfect loan to fund your investment or business venture, Bajaj credit cards can give you an option to finance your venture. These loans are issued by Bajaj Financial Corporation in India and they are among the most reliable corporate loans available in the market. The interest rates offered by Bajaj are comparatively low, which makes them a very attractive option. The amount of the loan can range from small to big amounts depending upon the requirement of the borrower. You can opt for a secured or unsecured form of Bajaj business loan.
There are various types of business to business loan schemes available and it is up to you to choose the best one that suits your requirements. One of the most common types of loan is a business to business credit card loan. The Bajaj card allows you to purchase supplies at a discounted price and you have the option to pay back the balance in regular installments. It has zero rate of interest and your payment schedule depends on the type of loan you opt for. However, you can choose from a variety of cards to suit your needs.
A lot of people prefer using the Bajaj credit card because of its added benefits. One of the added benefits is cash back facility. This facility is provided by the credit card issuer once you make purchases using the card. It is easy to avail and offers a 0% rate of interest. Cash back credit cards are also available in many other outlets including travel agents and other merchants.
The biggest advantage of Bajaj business loans is that there are no hassles. You just need to find a good lender online who can provide you with a suitable scheme and you can apply for the loan straight away. There are many lenders in the market and it is not difficult to find a reputed one. If you compare the rates of different lenders you can find the best deal.
Bajaj also provides various business loans with bad credit. These loans are specially crafted to cater the requirements of borrowers who have CCJs, IVA, arrears, defaults etc. You can also get the loans for starting a new business, upgrading the existing business or financing purchase of machineries and equipment. You can also get your business plan approved if you have a good credit history. Borrowers who want to expand their business or who need a huge amount can also opt for the loans.
You can choose a business loan from various sources like banks, registered lenders, credit card issuers etc. Banks offer secured business loans against your property like a home or real estate. You need to put up some security against the loan which will be forfeited in case you are not able to repay the loan. Another common option for a business loan is a secured personal loan. A borrower can use his own valuable asset like a car, house, . . . . . . shares etc as security when borrowing a small amount.
Credit card issuers offer unsecured business loans against the credit card itself. This option is very much similar to secured loans but there is no need to pledge any collateral. You also have an option for an unsecured business loan where you can borrow a small amount and get a low interest rate. However, the amount will be very low if you are a common customer of a particular credit card company. It will go high if you have got a business deal with a specific bank or financial institution.
Borrowers with bad credit can also opt for unsecured business loan but they need to pay slightly higher interest rate because of their poor credit history. You can also opt for secured business loans, which will require you to pledge a property or asset as collateral against the loan amount. The lenders will consider your application very carefully before offering you a business loan.