NewsVoir
Pune (Maharashtra) [India], October 28: With Diwali just around the corner, businesses across India are gearing up for the festive season. For many, this is the perfect time to expand, restock, or launch new products. But to make the most of the opportunities that Diwali brings, businesses often need extra financial support. This is where a business loan can come in handy.
However, applying for a business loan involves preparing detailed financials, and one essential tool that can help improve this process is a GST calculator. A GST calculator simplifies tax calculations, making it easier for businesses to estimate their GST liability accurately. This not only ensures that a business remains compliant but also helps in creating a stronger loan application.
Why GST calculations matter for a business loan
By showing accurate tax records, a business demonstrates its reliability and financial health, which can make lenders more confident in approving the loan. Online tools like the Bajaj Finserv GST Calculator can make this process easier. It ensures that businesses calculate their taxes correctly and submit their loan applications with confidence.
The Bajaj Finserv GST Calculator is a user-friendly tool that simplifies this entire process, enabling borrowers to focus on growth and expansion rather than spending time calculating taxes.
By following these steps, borrowers can quickly determine their GST liability:
Step 1: Choose the customer type-buyer or manufacturer/wholesaler/retailer.
Step 2: For buyers, input the net price of the product and the applicable GST percentage.
Step 3: For manufacturers and wholesalers/retailers, input the cost of production, profit ratio, and GST percentage.
Step 4: The calculator will then display the GST amount.
In just a few clicks one can maintain accurate financial records and strengthen their business loan applications. Trusted lenders like Bajaj Finance value borrowers who show proper GST compliance, leading to quicker approvals and better terms.
Features of Bajaj Finserv Business Loan
Borrowers applying for a business loan with Bajaj Finance can enjoy a range of features that make borrowing convenient:
- High loan amount: Ranging from Rs2 lakh to Rs80 lakh, borrowers can secure financing to cover both small and large expenses.
- Convenient tenures: Loan tenures are available from a year up to 8 years, allowing borrowers to choose a repayment plan that suits their financial situation.
- No collateral required: Bajaj Finance offers unsecured loans, so businesses don't need to pledge any collateral or security.
- Fast disbursal: The loan amount is credited to the borrower's bank account within 48 hours of approval.
- No hidden charges: All the fees and charges are mentioned upfront, to avoid any last-minute unpleasant surprises.
As Diwali approaches, businesses can maximise the festive season with the right financial support, such as the Bajaj Finserv Business Loan. By using the Bajaj Finserv GST Calculator, they can simplify the process and secure the financing needed to thrive.
* Terms and conditions apply.
Bajaj Finance Ltd. ('BFL', 'Bajaj Finance', or 'the Company'), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 80.41 million customers. Bajaj Finance has a credit rating of AAA/Stable for its Fixed Deposit program from CRISIL and ICRA, AAA/Stable for long-term borrowing from CRISIL, India Ratings, CARE and ICRA, and A1+ for short-term borrowing from CRISIL, India Ratings and ICRA. It has a long-term issuer credit rating of BBB-/Stable and a short-term rating of A-3 by S&P Global ratings.
To know more, visit www.bajajfinserv.in.
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