Very simply put, a small scale industry loan is an unsecured form of credit that you can take from a lender to accomplish various business objectives. You can use the loan money to scale up your business operations, meet the working capital requirements, survive a tough economic time or to simply consolidate high interest debt. If you apply for a small scale industry loan from Bajaj Markets, you can get it at an interest rate starting at just 12% per annum.
What’s more, you can repay it over 60 months so that your equated monthly instalment (EMI) outflow does not disturb your monthly budget. Another benefit of a small scale industry business loan is that you can avail funding of up to ₹50 lakh as one. Another notable feature of a small scale industry business loan is that you will have to pay a processing fee not more than 3% of the loan amount. What’s more, you can foreclose a small scale industry business loan at no additional cost.