Do you have a business and a property? Are you looking to expand your business? You do not need to look anywhere else to fund everything now. The loan against property for self employed is here to help you cover business needs and help it grow!
The loan against property for self employed facility will help you borrow a large amount to make way for many needs of your business.
As it’s clear from its name, the loan against property for self employed is given against your property. Based on your loan against property eligibility and property value, you may grab up to Rs.10 crore. Since you pledge your property to avail the loan, the offered rate of interest is also manageable.
If you want to know how the loan against property for self employed can boost your business in many ways, then this post will let you know more.
Help your business grow with the loan against property
- To Buy or Lease a Bigger Office/Factory Premise
You can use the loan amount to move your business from a small space to a bigger one. Doing it will help you expand the boundaries of business. It will also let you compete against your competitors by pushing your limits. Earlier, you were unable to pick up bulk orders due to space crunches which won’t be an issue now.
- To Purchase New and Latest Machinery/Devices/Equipment
Unless you don’t bring new machinery, devices or equipment to your business fold, you won’t deliver the best services/products. As a result, your business may suffer, and you may have to bear the sales loss. However, you can use the fund from the loan against property for self employed to buy all.
- To Maintain a Healthy Cash Flow
It is essential for any business to have some sort of cash flow to manage daily chores and other financial aspects. When you have the backing of the loan against property for self employed, you can maintain cash flow. It will help you manage all the necessary chores of your business operations smooth and easy.
Also, the loan against property works like a personal loan. Hence, you have the freedom to use the amount for other business and personal purposes.
Loan Against Property for Self Employed Eligibility
For being eligible to apply for the loan against property for self employed, you will need to prove your eligibility.
- Your age should be under 25-70 years
- You should be a self-employed individual with a regular source of income
- You need to have a property in Indian cities as declared by your prospective lender
You can shop around for the best interest rate available for the loan against property for self employed facility. As you have an idea of how it can benefit your business, you can apply for a loan against property for self employed online.
Bajaj Finserv offers incredible pre-approved offers on loan against property for self employed, housing finance, loan for business, EMI finance and more. Such deals will empower you to go through the entire loan processes fast and hassle-free.
If you are ready to uncover your customized pre-approved loan offers, you should submit your basic details like name and mobile number for easy apply for mortgage loan!