Channel finance can offer a number of benefits when it comes to financing the short term needs of the business. It is very important to maintain a good working relationship with the clients and the suppliers at all times and they form the bulk of the supply chain. Channel finance is a kind of business loan that works like a working capital loan is some ways. It provides funding for the smooth working of the supply chain as along with maintaining the working capital, it also helps with the cost optimization benefit of the buyer.
Channel finance is also a kind of collateral free finance. It can be very difficult to arrange for a collateral in a short notice but there is no need to worry about it in this regard. NBFCs like Bajaj Finserv offer channel financing without a collateral and this makes it a very quick process, and one can gain financing up to Rs 30 lakhs.
Moreover, with benefits like flexi loan facility, one can help use the finance as per the requirement and the convenience of the businessman. One can withdraw the amount as one requires and one can also opt for interest only EMIs.
It is very easy to get approved for channel financing and the loan amount is disbursed very quickly as well, in as less as 24 hours. One can also choose from a number of preapproved offers from Bajaj Finserv. You can get business loans up to Rs. 30 lakh at low interest rates and can apply with only two necessary documents. It actually simplifies the loan process when one approaches the financer and all one has to do is check the pre- approved offer. One can apply for this online and the eligibility criteria is also very easy to meet, as anyone between the ages of 25 and 55 can apply. The business should be running for 3 years at least and one just has to provide the required documents during the final stages of verification.
