Bajaj Finserv to Offer Collateral-Free Loans to SMEs

Aiming to tap the SME segment and help them expand business activities, Bajaj Finserv via its lending arm, Bajaj Finance Ltd is offering collateral-free business loans to SMEs.

With this service, Bajaj Finserv gives them the opportunity to maximize their growth potential as most of the small business aren’t able to realize the expansion opportunities for their business due to the absence of collateral to avail funding.

The collateral free loans have been designed with a purpose to facilitate small-scale business owners meet their urgent financial requirements and actualize their potential.

Depending upon the financial requirement, customers can avail up to Rs. 30 lakhs as collateral free business loans and use it for any purpose.

Powered by Flexi Loan feature, customers can borrow the money according to their needs and can repay according to their cash flow up to 8 years.

It also offers great flexibility in repayment terms where only interest can be repaid as the EMI and principal to be paid as a lump sum at the end of the tenure.

Besides, these loans are approved at a quick speed and require only basic KYC and financial documents along with that customer can exercise complete control over their loan including repayment over the Experia portal.