Flexi Business Loan- Enlighten Your Finances

Most businesses require some flexibility when it comes to funding for various requirements. These can include working capital expenses which cannot always be projected exactly.

There may be money required in unforeseen or sudden situations along with periodic expenses down the road that have to be met.

There may be money required for periodic growth or expansion or simply for buying equipment or inventory in response to production or market needs. Whatever be the purpose of a business loan, most organizations require flexibility in terms of fund usage and repayment.

Going for a regular business loan will not serve the purpose in this case. However, you can always consider a Flexi business loan from Bajaj Finserv. This functions just like a line of credit offering. Here are the key features of these loans-

• You get a dedicated and pre-approved loan amount assigned to your loan account for a particular tenor
• You can borrow as much as you need within this limit
• You can easily withdraw money multiple times without any extra charges or documentation required
• You can also pre-pay money whenever you have surplus funds without having to fork out any charges
• Multiple withdrawals or pre-payments can be made online as well without any hassles
• You can repay the principal amount when the loan tenor ends
• You can choose to repay only the interest component as your monthly EMI
• You only pay interest on the amount that you utilize

This flexible approach will benefit any business and help it manage cash flows more effectively. Here are the major financial benefits that you can expect as well-

• Higher loan amounts sanctioned in these cases as compared to your loan eligibility
• Principal can be repaid when the tenor ends
• You only utilize as much money as you need within the loan limit assigned to you
• You can withdraw money multiple times in order to meet requirements flexibly
• You only pay interest on the amount used every month as the EMI. This can save up to 50% of the EMI that you would have paid normally on a term loan
• You get total flexibility in terms of fund usage while you save money on EMIs every month
• This money can be saved for pre-payments and you can also pre-pay flexibly using surplus funds before the loan tenor ends

The financial benefits are tremendous. Bajaj Finserv offers Flexi business loans at attractive interest rates. Apply for the same at a competitive interest rate for business loan and reap the benefits of increased flexibility in terms of repayment and usage of funds. This also helps you stay alert about the amount that you are using and you can easily withdraw or pre-pay online which is a major bonus too!

 

Tags: business loan

Category: Business Debt