Bajaj Finserv in your city
Located in Tamil Nadu, the city of Vellore is one of the largest finished leather goods exporters in India. The city contributes to 37% of the country’s leather and leather products exports.
To help residents of this city meet the financial needs of their business, Bajaj Finserv offers business loans in Vellore at attractive interest rates. Walk into a branch near you or apply online from the comfort of your home.
Features and benefits
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Flexi loan facility
With the unique Flexi loan facility, you can bring down your EMIs by almost half for the initial part of the tenor.
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Multiple tenor options
Estimate your monthly outlay with a business loan EMI calculator and choose from a repayment period of up to 96 months.
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Large loan amount
Borrow up to Rs. 80 lakh and use the loan amount to meet your diverse business needs.
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Unsecured loan
Bajaj Finserv offers unsecured business loans, which don’t need any collateral or security for approval.
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Account management online
Log in to our customer portal and manage your loan account, make prepayments, and more.
Vellore has seen rapid development in the last few years. Apart from industries such as leather goods, services, and transport, the city is a hub for medical tourism, with thousands of visitors taking advantage of its exceptional healthcare facilities. Institutions such as the Vellore Institute of Technology make this a popular educational centre as well.
Self-employed individuals running a business in Vellore can approach Bajaj Finserv for financing at attractive terms. Our business loans come with personalised features designed to meet diverse needs. Some of these include hiring fresh talent, renovation of office, leasing a new commercial property and even taking up new projects.
Documentation and eligibility criteria
Qualify for a business loan by meeting our simple eligibility criteria. Read about the documents required and keep your papers handy.
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Nationality
Indian, residing in this country
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Age
18 to 80*
(*Age should be 80 at Loan Maturity)
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CIBIL score
Check your CIBIL Score for FREE685
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IT returns
Must be filed for at least the previous year
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Business vintage
At least 3 years
Improve your chances of loan approval by meeting all the eligibility parameters. Experts advise clearing off all existing or smaller debts before applying for new credit. This boosts your eligibility and also makes repayment hassle-free.
Interest rates and charges for business loans in Vellore
Bajaj Finserv offers business loans at attractive interest rates. The processing fees and other charges associated with your loan are nominal. Use the Business Loan EMI Calculator to estimate your instalments and make an informed decision.
Frequently asked questions
You are required to pay a nominal processing fee of up to 3.54% of the loan amount (Inclusive of applicable taxes).
The repayment tenor you choose should depend on the following factors – your monthly liabilities, the applicable rate of interest, and the loan amount. While longer tenors lower your monthly instalments, shorter instalments help you complete the loan repayment sooner.
If you are an existing customer, you can check your pre-approved business loan offer and quickly get the funds you need. New applicants are required to complete their loan applications and submit their documents for approval.
Once approved, the loan amount is credited to your bank account directly. You can access it immediately and utilise it as per your needs.
You can access your loan details, check your repayment schedule, make part-prepayments, and more by visiting our online customer portal.
