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Business Funding for Working Capital and Expansion
Bijay Finance offers corporate lending for general corporate requirements, working capital, capital expansion and, where suitable, substitution of higher-cost debt.
Features & Benefits
Corporate Loan
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Finance amount currently stated as up to ₹1 crore
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Tenure currently stated as 1 to 5 years
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Security normally stated as asset cover of 1.5 times
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Repayment may include equated instalment, bullet repayment or ballooning repayment depending on business requirements
Eligibility
Who May Apply
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Companies and partnership firms in selected sectors
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Business track record of at least 3 years, with profit in the latest audited financial year, as stated on the source website
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Greenfield projects may be considered for established players
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Dealer inventory funding may be considered for established dealers of reputed automobile OEMs
Documents
Documents / Information
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Company profile and existing product range
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Promoter profile and KYC
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Purpose of the loan
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Details of security offered
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Audited balance sheets for the last 3 years
Processing & Prepayment
Commercial Terms to Reconfirm
The reviewed source states processing within 10 working days when documentation is complete, and a 2% foreclosure charge on principal outstanding for prepayment.
These commercial terms should be reconfirmed before production publication.
Interested in Corporate Loan?
For current eligibility, pricing, documents and application support, contact Bijay Finance.