The city of Trivandrum has made very good progress in the last decade and it is a leading center of business and commerce in the south. Naturally, a lot of new entrepreneurs are eager to launch their business here and they in turn have been greatly inspired by those who are successfully running their business here. However, starting a new business, or even expanding an existing one requires a considerable amount of capital and not all entrepreneurs have that amount of cash reserves.
By opting for business loans in Trivandrum from Bajaj Finserv, quite a few financial worries can be easily taken care of because of the range of benefits they come with.
- Lower Interest Rates: By opting for a quick business loan from Bajaj Finserv, the borrower would be able to enjoy the best interest rates in the industry. Business loan interest rates from Bajaj Finserv are one of the lowest, starting from 18%. Other factors like the credit score of the borrower, his overall eligibility, the loan tenure and other sources of income are also determining factors when it comes to the exact interest amount, but even then it can be said that they are one of the lowest, which has helped many new entrepreneurs fulfill their dreams in the city.
- Multiple Purpose for Loans: The loans that are acquired from Bajaj Finserv can be utilized for a number of purposes and can be used to solve any financial trouble that the business is going through. Whether the borrower has to buy new equipments for his business, or help with the cash flow during a slow period, Bajaj Finserv has exact loan opportunities for all the aspects associated with a business. By researching and applying for a loan properly, it is indeed quite simple to take care of all the aspects of a business.
- Pre- Approved Offers: Existing customers stand a chance to win a lot of pre- approved offers from Bajaj Finserv. These might include lower interest rates, longer tenure or any other form of benefit that Bajaj Finserv comes up with from time to time. These offers inevitably lead to easier or lower payments and help the borrower in the long run. This also helps in the retention of existing clients and they come back to Bajaj when they are in need of a loan.
- Flexible Repayment Options: Bajaj Finserv is one of the few financial institutions that offers flexible repayment options for their clients and the EMIs can thus be customized accordingly. There are many loan options in the market today but Bajaj Finserv allows its borrowers to opt for interest only payment, by which the borrower can make interest only payment till the end of the tenure and the principal amount can be paid in the end. There are also options for part- prepayment and foreclosure of the loan before tenure ends at no extra charge and this greatly helps the borrowers in saving money paid towards interest. Minimal documentation makes the loan disbursal fast and easy as well and the loan is approved in as less as 48 hours.
- Tax Savings: It is possible for the borrower to save a considerable amount of their profit by opting for a small business funding because as per the IT Act, the amount of money that is paid for repaying the loan is exempted from tax and the borrower does not have to pay for it from their profit. This is indeed a very good option as the borrower actually gets to keep the profit for his own which he can again use later for the improvement of his business or to offer a better living experience for his family.
Author Bio: This article has been shared by Lucia Adams who is a professional writer and blogger.