Bajaj Finserv Business Loan Interest Rates

Bajaj Finserv Business Loan acts as financial support for any business growth and improvement. Bajaj Finserv Business Loan Interest Rates offered is highly attractive compared to other financial institutions along with processing fee up to 3% of the loan amount. If you maintain a minimum credit score of 750 or above and continue your business for a minimum of 36 months, then you will be able to get a lower Bajaj Finserv Business Loan Interest Rates. For a higher eligible applicant of business loan, Bajaj Finserv Business Loan Interest Rates will be low. But for a lower eligible applicant, Bajaj Finserv Business Loan Interest Rates will be high. Also, you need to remember that for a higher Bajaj Finserv Business Loan Rate of Interest, you need to pay a higher interest amount.

Factors that affect Bajaj Finserv Business Loan Interest Rates

When you are planning for Bajaj Finserv Business Loan, you can easily check your Bajaj Finserv Business Loan Rate of Interest using Bajaj Finserv Business Loan Interest Rates Calculator that is based on Bajaj Finserv Business Loan Eligibility.

Bajaj Finserv Business Loan Interest Rates is low for higher Bajaj Finserv Business Loan Eligibility and Bajaj Finserv Business Loan Interest Rates is high for lower Bajaj Finserv Business Loan Eligibility. It is always advisable to maintain a credit score of at least 750 or above and a minimum turnover of Rs. 12 lakhs which will lower your Bajaj Finserv Business Loan Rate of Interest.

Here are some of the factors which affect Bajaj Finserv Business Loan Interest Rates-

• Age

  Bajaj Finserv Business Loan Interest Rates is highly affected by the age of the applicant. The age condition ranges from 25 to 65 years. Bajaj Finserv Business Loan Interest Rates will be low for a young applicant because the repaying capacity will be high. Also, many exciting offers will be provided. But Bajaj Finserv Business Loan Interest Rates for an older applicant will be high because of the reduced repaying capacity.

• CIBIL Score

  The CIBIL score which is nothing but your creditworthiness is very important factor in deciding your Bajaj Finserv Business Loan Interest Rates. If you have CIBIL score of less than 750 then your Bajaj Finserv Business Loan Interest Rates will be high. But CIBIL score of 750 or above will lower down your Bajaj Finserv Business Loan Interest Rates. So, it is better to inculcate a disciplined repaying habit which will give you higher CIBIL score and will decrease your Bajaj Finserv Business Loan Interest Rates.

• ITR

  Another important factor that affects Bajaj Finserv Business Loan interest rates is your ITR details. You are required to produce ITR file of the last 24 months with an updated bank statement of past 6 months which will lower down your Bajaj Finserv Business Loan Interest Rates.

• Existing Debt

  Your existing financial debts like EMI of loan payments or credit card dues also affect Bajaj Finserv Business Loan Interest Rates. Existing debts reduce your repaying capacity and increases your Bajaj Finserv Business Loan Interest Rates. You also need to know that if your existing liabilities consumes a maximum 40% of your monthly income then your Bajaj Finserv Business Loan Interest Rates will be higher. Also, you can definitely go for balance transfer and top-up loan which will help to lower your Bajaj Finserv Business Loan Interest Rates. Moreover, you need to clear all your financial obligations that will lower your Bajaj Finserv Business Loan Interest Rates.

• Business Stability

  Bajaj Finserv Business Loan Interest Rates also gets affected by your business stability. A stable business of minimum time period of 3 years with growth in sales will lower down your Bajaj Finserv Business Loan Interest Rates. If the business yields a good profit margin for the last 24 months with a minimum turnover of Rs. 12 lakhs, then it will decrease your Bajaj Finserv Business Loan Interest Rates.

• Housing Situation

  Your housing situation is another important factor which also affects Bajaj Finserv Business Loan Interest Rates Calculator. If you stay in a rented house, your repaying capacity will be low and higher will be your Bajaj Finserv Business Loan Interest Rates. Whereas if you stay in your own house, then your repaying capacity will be high and lower will be your Bajaj Finserv Business Loan Interest Rates. Also, you need to remember that owning your own workplace will lower your Bajaj Finserv Business Loan Interest Rates.

• Geographical Location

  The last but not the least factor that affects Bajaj Finserv Business Loan Interest Rates is your geographical location. If your geographical location is based on rural or village area, then your Bajaj Finserv Business Loan Interest Rates will be high. Whereas, if your geographical location is based on any metropolitan city, then your Bajaj Finserv Business Loan Interest Rates will be low. Also if you stay any red marked area which is pointed by financial institutions will increase your Bajaj Finserv Business Loan Interest Rates.