Businesses of any shape or size require good equipment and machinery to maximize their yield. It thus becomes imperative for firms to devote adequate funds towards this cause. One of the simple ways businesses can purchase, hire, stock up, repair their machinery is by availing equipment financing from reputed NBFCs. You can easily avail business loan from Bajaj Finserv reputed NBFCs by following simple business loan requirements.
Documents required for this business loan:
- KYC documents
- Proof of business vintage
- Financial documents like bank statements
- A passport-sized photograph
These specialized lending institutions offer high value business loan up to Rs. 30 lakhs at affordable rate of interest and flexible tenure. One can easily apply for the loan online with minimum paperwork and enjoy instant approval and quick disbursement upon qualifying for the loan.
Lenders provide the Flexi business loan scheme. This is a unique feature which lets you borrow as per your need from the total amount sanctioned. Interest is charged on these daily withdrawals only which helps to lower the EMIs by up to 45% and help borrowers better manage the finances.
NBFCs on a regular basis provide pre-approved equipment finance offers which may include a top-up loan or discount in interest rates, etc. This lets the borrower derive most value from the business finance and easily manage various aspects of their business. In relation to this it is recommended to check loan terms with your Relationship Manager so the borrower has greater control over their machinery budget.