Whether yours is a small business enterprise or a big one, as a business owner you need timely finance to meet various requirements such as that of working capital, replacement, and overhaul of machinery, paying vendors, and more. Smooth sailing on all these fronts is key to meeting production requirements and demand, securing your position in the market and improving your revenue.
To ensure this, you have to procure finance from the right source and manage it well too. So, take a look at 4 unsecured business loans that you can make use of as per your needs.
Good machinery is of utmost importance to ensure continuity of production and achieve economies of scale. In turn, this helps you enjoy a greater share of profits and maintain your place in the market. Whether you want to expand your business by adding more lathe machines, buy an additional crane to increase your capacity for an important construction project or replace an existing ginning machine to improve output, consider availing a machinery loan. This collateral-free loan helps you procure adequate finance so you don’t have to delay or compromise on any aspect when buying/leasing machinery or equipment.
You can consider Bajaj Finserv’s Machinery Loan to get a substantial amount of up to Rs.30 lakh at affordable rates of interest. Also offers the Flexi Loan Facility with which you can manage your repayments and cash flow in a smarter way. This facility allows you to withdraw from the sanction in parts as and when the need arises, and pay interest only on the utilized amount. Also, to manage your repayments better, you can opt to pay interest-only EMIs. Repay the principal amount at the end of the tenor and put your finances to better use in the interim.
Working capital loan
Working capital is the lifeblood of a business. It helps you finance all your short-term needs and liabilities and keeps your business running. A working capital loan is an unsecured business loan that helps you top-up this amount so that day-to-day operations don’t come to a halt. So whether you want to refill inventory, pay electricity bills, pay salary or wages, met office and factory rent expenses or pay for the maintenance of equipment, don’t hesitate to avail this tailored business loan should you find your working capital balance depleting.
Do so by going for working Capital Loan that not only gives access to up to Rs.30 lakh at affordable interest rates, but also makes repayment easy. Also, you can enjoy an easy application process, flexible tenor, and quick approval within 24 hours.
As a business owner, whatever your financial requirements may be, a commercial loan can cover them all. It is a business loan that can address multiple needs, whether you want to promote the addition of a new facility at your hospital, add to your inventory, or buy data security software for your computer solutions enterprise. What’s more, with a commercial loan you can also lease or buy equipment, train your staff, and so much more. Consider the Bajaj Finserv Commercial Loan that is easy to avail and offers up to Rs.30 lakh at affordable interest rates.
Loans for women
Many lenders are offering women business loans at special interest rates to encourage them to overcome the unique obstacles that they face, be it a lack of awareness, business contacts or capital and assets to their name. These loans help you overcome such challenges and kickstart your venture without any delays. In fact, a Bajaj Finserv business loan for women is one such option that you can choose, as it offers a sanction of up to Rs.30 lakh at affordable prices. It is a collateral-free loan so you don’t have to worry about pledging any security. You can also enjoy exciting features such as quick approval, online account management, and up to 45% savings by way of the Flexi Loan facility.
Now that you know of the myriad options available to you, opt for a customized loan to effectively tackle various needs. When you apply for a Business Loan, check your pre-approved offer to enjoy access to finance even faster. With this suite of collateral-free loans by your side, you’ll be able to achieve your targets at record speed!