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Business Loan

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Business Loan

Features and Benefits

As of 2014, Bajaj Finserv has launched a range of online financial products, one of which is Business and professional online loans. We offer funding to self-employed individuals, self-employed professionals (Architects, Doctors and CA’s), and entities of various constitutions.

Hereunder are a host of unique features and benefits that you enjoy with Business Loans from Bajaj Finserv. Most of these features are industry firsts and come only with our portfolio of offerings. Read on to know more.

Loans up to 30 Lacs

We offer loans up to 30 Lacs as Business Loan which can also be availed online. This is the highest unsecured ticket size offered by any online loan provider in India.

Instant Online Approval

Our online unsecured Business Loan provides an instant online approval with a 100% online process, application to approval.

No Guarantors. No Collateral

You don't need to provide any Guarantors or give any collateral to avail our Business Loans, even when you apply online.

Prompt Repayment Benefit

Get rewarded for keeping your commitments. Enjoy the exclusive Prompt Repayment Benefit for paying your EMIs on time. If you clear your first 12 EMIs without any delays, you will get 1% of the annualized interest amount paid back to you.
This facility will be available for the entire period of your loan tenor and will be paid at the end of every 12 months, subject to timely payment of your EMIs.

Part Prepayment facility

You can prepay your Business Loan up to 6 times in a calendar year, at any interval, with the minimum amount per prepay transaction not less than 3 EMIs. There is no limit on the maximum amount. This is subject to your clearing your first EMI.

Nil Foreclosure charges

Choose to foreclose your loan anytime during your loan tenor without any charges.

Preapproved Offers

As an existing customer, you will receive pre-approved loan offers from time to time.

Online Account Access

View all your loan account details and avail of exclusive offers on our Customer Portal. Log in with your User ID/ Mobile Number/Email and Password.

Eligibility and Documents

You could avail our Business Loan if you are any one of the following:

Limited or Private Limited Company
Partnership or Proprietorship Firm
Chartered Accountant / SelfEmployed Professional

You could avail our Doctor Loan if you are any one of the following:

Individual practicing doctor
Consulting doctor
Salaried Doctor


Documents
Application form
1 Photograph of Co-Applicant
Income Details : IT Returns, Balance Sheet & P/L Account statement for the last 2 years with Annexure, Form 16 A
Bank Account Statements for the last 3 months
KYC documents of Co-applicant
Business Vintage for 5 years
Business Proof: Certificate of Practice

Customer profile:

  • Self Employed Professionals (SEP)
  • Self Employed Non Professionals (SENP)
  • Partnerships
  • Limited Liability Partnership
  • Private Limited and
  • Closely held Limited companies

Self Employed Professionals (SEP) – Allopathic Doctors, Chartered Accountants, Company Secretaries and Architects who are practicing their profession. Proof of qualification to be documented.

Self Employed Non Professionals (SENP) – Traders and Manufacturers

Entities – Partnerships, Limited Liability Partnership, Private Limited and closely held Limited companies.

We also offer loans to other constitution types depending profile on a case to case basis.

We serve customers in the following cities:

Agra Ahmedabad
Aurangabad Bangalore
Baroda Bhopal
Bhubaneswar Chandigarh
Chennai Cochin
Coimbatore Dehradun
Delhi Goa
Hyderabad Indore
Jaipur Jalandhar
Jamnagar Jamshedpur
Jodhpur Kohlapur
Kolkota Lucknow
Ludhiana Madurai
Mangalore Mumbai i (is)
Mumbai ii (ac) Mysore
Nagpur Nasik
Panipat Pondicherry
Pune Raipur
Rajkot Salem
Surat Udaipur
Ujjain Vijayawada
Vizag  

We also have specialized service in the following regions:

Aurangabad
Baroda
Cochin
Coimbatore
Indore
Jaipur
Jodhpur
Kohlapur
Madurai
Surat
Tiruchy

Minimum Eligibility for customer who apply online:

Cities Business Type Minimum Annual Turnover Income as per ITR Age of company
Metros:
Bombay, Bangalore,
Delhi, Hyderabad,
Chennai
Manufacturing
Trade
Service
Others (CA, Architect)
Rs. 5 Crore
Rs. 7 Crore
Rs. 3 Crore
Rs. 7 Lac
Rs. 7 Lac
Rs. 7 Lac
Rs. 7 Lac
Minimum business vintage of 3 years for Private Limited and Limited Company

5 years for Partnership and Proprietorship.
Doctors
Running Clinic/Hospital
Salaried
If Self employed
Rs. 6 Lac
If Salaried (Gross)

Rs. 1 Lac per month
Income from profession as per ITR
7 Lacs
Non Metro: Rest of India Manufacturing
Trade
Service
Others (CA, Architect)
Rs. 4 Crore
Rs. 3 Crore
Rs. 1 Crore
Rs. 5 Lac
Rs. 5 Lac
Rs. 5 Lac
Rs. 5 Lac
Minimum business vintage of 3 years for Private Limited and Limited Company

5 years for Partnership and Proprietorship.
Doctors
Running Clinic/Hospital
Salaried
If Self employed
Rs. 5 Lac
If Salaried (Gross)

Rs. 50,000 per month
Income from profession as per ITR
5 Lacs
Age Criteria Age of Applicant Doctors
30 years
Others
26 years
 

Apply Now

Documents
Type Documents
Application Form 1. Application from with customer Signature and stamp
2. Photo on application form (Non Mandatory)td>
KYC
Any one
1. Clear and valid ID and DOB proof of Proprietor (And for co applicant in case of proprietorship) /all Partners / All Directors. SV proof of all partners in case of partnership entity / 51% signatories to loan and or two directors for Pvt Ltd and three directors for public Ltd.
2. PAN of Proprietor /co-applicant in case of proprietor/all Partners / All Directors
3. Valid Residence address proof of all directors in case of P Ltd / Ltd, all partners in case of a partnership entity, proprietor and mandatory co applicant in case of proprietorship.
4. Valid Office address proof
5. Ownership proof of residence/ office
6. Sshareholding pattern
7. Company PAN Card only in case of Partnership firm only. For Pvt. Ltd. and Ltd. PAN number to be captured in application form from the ITR.
8. MOA/Partnership Deed in case of partnership firm only / List of Directors / Share holding pattern declared on company letter head, signed by any one of the directors.
Financials 1. Current 2 year ITR with computation of income
2. Both year Financial with all schedule/ annexure of Balance sheet and P&L
Both year Tax Audit Report (3CD/3CB form) along with all annexure and Auditors reports all with annexure in case of Company.
Banking if not
available through
Perfios
Primary bank statement- last 3 months
OD/CC Letter (applicable- if limit / DP not mentioned on bank statement)
All running loan tracks / schedule / loan Numbers , as reflecting in the latest balance sheet
SPDCs 5 Cheques from the main bank account
Other Documents Our credit manager may ask for more documents at his discretion on a case to case basis

Fees and Charges

  Charges Applicable
Processing Fees 2% of the loan amount will be deducted at the time of disbursal of approved loan amount.
Secure Fee A convenience fee of Rs1,999/- is applicable for online business and professional loans
EMI bounce charges Rs 1,000 will be charged in the subsequent month for every bounce
Foreclosure Charges NIL*
* Applicable following 1st EMI clearance

 

Frequently Asked Questions



Q1. What is the range of loan amount I can avail of?

A. With Bajaj Finserv, you can avail unsecured Business Loan ranging from Rs. 8 Lacs to Rs. 30 Lacs.


Q2. What is the range of tenor available with these loans?

A. The minimum tenor available for this loan is 12 months and it can go up to 48 months.


Q3. Is the rate of interest fixed or floating?

A. We offer fixed rate of interest.


Q4. What is the mode of repayment?

A. You can repay through either Post Dated Cheques or ECS.


Q5. What do I need to do to avail of a Business Loan online?

A. Click the ‘Apply Now’ button on the banner above.

Or SMS PSBL to 57578 or call us on 1800 2094151

How to Apply

To apply for a Business Loan write to us at businessloans@bajajfinserv.in

Or SMS BL to 9773633633.

Click Apply Now on the banner above or visit the link below to apply for a Business Loan online

http://www.bajajfinserv.in/apply-for-business-loan.aspx

Frequently Asked Questions



Q1. What is the range of loan amount I can avail of?

A. With Bajaj Finserv, you can avail unsecured Business Loan ranging from Rs. 8 Lacs to Rs. 30 Lacs.


Q2. What is the range of tenor available with these loans?

A. The minimum tenor available for this loan is 12 months and it can go up to 48 months.


Q3. Is the rate of interest fixed or floating?

A. We offer fixed rate of interest.


Q4. What is the mode of repayment?

A. You can repay through either Post Dated Cheques or ECS.


Q5. What do I need to do to avail of a Business Loan online?

A. Click the ‘Apply Now’ button on the banner above.

Or SMS PSBL to 57578 or call us on 1800 2094151

Q6. In which locations can I avail of a Business Loan?

A. You can avail of a Business Loan from Bajaj Finserv Lending in any of the following cities:

Delhi Mangalore
Jaipur Mysore
Jodhpur Hyderabad
Udaipur Vizag
Agra Vijayawada
Ludhiana Ahmedabad
Chandigarh Jamnagar
Jalandhar Rajkot
Panipat Surat
Dehradun Baroda
Kolkata Indore
Jamshedpur Ujjain
Bhubaneswar Raipur
Lucknow Bhopal
Chennai Mumbai i (is)
Madurai Mumbai ii (ac)
Salem Pune
Coimbatore Aurangabad
Pondicherry Nasik
Bangalore Nagpur
Goa Kohlapur

We are also present in the following regions:

Jodhpur
Jaipur
Cochin
Madurai
Tiruchy
Coimbatore
Surat
Baroda
Indore
Aurangabad
Kohlapur

Contact us

For Existing Customers

Follow these simple steps to use our toll free IVR

  • Dial 18002094151
  • Enter your 7-digit BFL Customer ID
  • Select from various IVR options
  • Access IVR in 10 languages : English, Hindi, Bengali, Marathi, Punjabi, Gujarati, Tamil, Telugu, Kannada and Malayalam

Email

Write to us at wecare@bajajfinserv.in with your queries

SMS Updates

SMS  <<keyword below>> to +91 92275 64444
GETEMAIL for your current email address
UPDEMAIL <New email> to update your email address
GETADD for your current registered email address
CUSTID to know your customer ID
LAN to know your Loan Account Number
EMI LAN to know your loan/ EMI details
EXPERIA to know your Experia user ID and password
PIN to know your 4 digit EMI card PIN
FEEDBACK to give your valuable feedback
SAT Y Give a positive feedback
SAT N to give a negative feedback
(Your mobile number should be registered with us for this facility). Standard SMS Charges applicable

Visit our branch to:

  • Change mode of payment (Swapping)
  • Purchase/ cancel an Insurance Policy
  • Foreclose your loan
  • Claim a refund

To know the address of your nearest branch Click here


Follow these simple steps to log on to our Customer Portal (Experia)

  • Visit www.bajajfinserv.in
  • Log in using your Username/Mobile Number/Email ID and Password
  • Access all loan details
  • Manage your loans
  • View special offers

Testimonials

I want to take a moment to let you know that your support all along has been incredible. I understand that there were some technical glitches in getting the funds transferred on time; however your timely involvement and resolution helped in getting the funds available to me just on time. Such customer support is very rare to see and I really appreciate all the help provided by you…. definitely Bajaj Finance has earned an extremely satisfied customer due to the great support provided by you.

Anita 3 July 2012

I am very happy to see the letter sent by you for appreciating with "Prompt Payment Reward Programme". I have taken loans from various banks and repaid to everybody. The only appreciation letter came from Bajaj, which shows how you value your customers.

Naidu Darapaneni
           Founder & C.E.O
           Versant Technologies,Hyderabad
           20 March 2012