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What is the Difference between Short Term Loan & Long Term Business Loans?

2,968 views · Published 11 July 2018 · 1:21 · Indexed 5 October 2026

Channel: Bajaj Finance · 2018 · Education

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Whether a start-up or an established venture, business loans play a crucial role in providing a trade with the necessary financial backup. However, with both short-term and long-term business financing options available, making a choice can be a little perplexing. 
Learn the following tips of deciding the apt loan option.
Purpose
A Short-Term Business Loan from Bajaj Finserv will suffice well in case you are looking to meet your venture’s immediate cash needs. Requirements such as invoice financing, inventory re-stocking and paying employees’ salaries can be counted under such requirements.
However, activities such as a large-scale business expansion can require a Long-Term Business Loan owing to the significant funding involved. 
Repayment tenor
Long-term business loans are secured ones with the tenor ranging up to 240 months. Therefore it is wise to opt for a long-term loan from Bajaj Finserv and re-pay the same through affordable equitable amounts per month. 
Considerably, Bajaj Finserv Short-Term Business Loans can be repaid with EMIs through a maximum period of 60 months. 
Collateral
While short-term business loans will not require any collateral to be pledged against the amount, long-term business loans will need you to mortgage an asset as security. 
Processing time
If you are in immediate need of funds, then short-term business loans must be your choice; else go for long-term ones.
Talking of documentation, Long-Term Business Loans from Bajaj Finserv will require you to present the property documentation along with the id proof. However for Short-Term Loans, only the latter is needed. 
Only KYC document and income proof will suffice. Short-Term Business Loans can range up to Rs.30 lakh at affordable interest rates. With pre-approved offers from Bajaj Finserv, availing such loans is even more easier. Enjoy quick processing of such loans and get your money credited to your account within 24 hours from Bajaj Finserv.
Identify the necessities of your business and opt for a Short-Term or Long-Term Business Loan from Bajaj Finserv today.

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Invest in your factory infrastructure, maintain an adequate inventory level, upgrade to the latest plant and machinery, expand your reach to new markets or increase working capital with a small Business Loan up to Rs.30 lakh with Bajaj Finserv. Quick, easy and hassle-free, these loans offer a suite of features and benefits like low interest rate, large unsecured capital, flexi loan facility, pre-approved offers, easy eligibility criteria and minimal documentation. 
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