Requirement and Eligibility

Check your eligibility and documents required to become a BFL partner

 Who can partner with us?

We provide products and services to everybody, enabling a million financial goals

INDIVIDUAL

INDIVIDUAL

BODY OF INDIVIDUALS

BODY OF INDIVIDUALS

ASSOCIATION OF PERSON

ASSOCIATION OF PERSON

PROPRIETOR

PROPRIETOR

PARTNERSHIP

PARTNERSHIP

COMPANY

COMPANY

LLP

LLP

HUF

HUF

TRUST

TRUST

Eligibility criteria

Check your eligibility to become a partner

  • Nationality: Indian
  • Age: 18 years and above
  • The applicant should have a valid KYC
  • The applicant and/or their family members must not be an on-roll or off-roll employee of Bajaj Finance Limited

Frequently asked questions

Find answers to your queries and start your business journey with Bajaj Finserv Partners

What is the agreement tenure for partnering with Bajaj Finserv Partners?

On partnering with Bajaj Finance Limited, you will be legally a Bajaj Finserv Partner for 3 years from the date of agreement signed. For more details, we suggest you to read through your agreement terms and conditions carefully.

What are the benefits of become a Bajaj Finserv Partner?

Bajaj Finance Limited is one of the leading NBFCs in India. Some benefits of partnering with Bajaj Finance Limited are as follows:

  • Attractive payout on successful case booking.
  • Digital platforms for seamless case booking.
  • Monthly payouts cycle for periodic payments.
  • High geographical penetration leading to wide customer base.
  • Multiple products to choose from.
What is the eligibility criteria to become a partner?

Following are the eligibilty criteria to become a partner:

  • Nationality: Indian.
  • Age: 18 years and above.
  • The applicant should have a valid KYC.
  • The applicant and the people in his family must not be a  on-roll or off-roll employee of Bajaj Finance Limited.
Is it mandatory to upload the documents for an agreement?

Yes, you need to upload the required documents recognised by the government of India to sign the legal agreement and become a partner with Bajaj Finance Limited.

What should I do if I do not receive the OTP?

You may not receive the OTP due to bad network coverage, incorrect contact details, and/or a service issue. We suggest you move to an area with better network coverage, check your mobile number, and click on Resend OTP in the OTP submission window.

How much time does it take to get my agreement approved?

Agreement approval is subject to BFL verification and it takes about 24-48 hours.

What are the constitution-wise documents required for updating the address?

Here is the list of constitution-wise tentative personal and business documents that can be used as address proof:

  • Individual: Driving License, Passport, electricity bill, utility bills, Voter ID card, Aadhaar card, rent agreement, bank statement.
  • Sole Proprietorship: Driving License, Passport, Electricity bill, utility bills, Voter ID card, Aadhaar card, rent agreement, bank statement, Shop Act License.
  • Partnership Firm: Partnership deed, Sales and Income Tax Returns, bank statement.
  • Limited Liability Partnership Firm: Certificate of Incorporation, Sales and Income Tax Returns, bank statement.
  • HUF: Electricity bill, utility bills, Sales and Income Tax Returns, bank statement.
  • Company: GST certificate (provisional/final), Certificate of Incorporation, Article of Association (MOA), bank statement.
  • Trust: Trust deed.
What is the payout recuperation/service termination policy in case the partner performs any forgery or compliance manipulation?

Any manipulation or misrepresentation of governed sales compliance policies shall lead to the following recourses based on the severity:

  • Recovery of 1% or more payout for customers sourced/referred by the partner, and/or
  • Docking the incentive payable to the partner for a period as determined by Bajaj Finance Ltd., and/or
  • Deactivation of the Partner ID in the system for a period determined by Bajaj Finance Ltd. or forthwith termination of the Agreement without requirement of the notice period.
What documents are required by a partnership firm to become a partner?

 Following documents are required by the partnership to become a partner:

  • Any one of the following: Registration certificate, Certificate/license issued by the MunicipalAuthorities under Shop & Establishment Act, Sales and Income Tax Returns,
    GST/CST/VAT certificate (provisional/final), Certificate/registration document issued by sales tax/service tax/professional tax authorities, Complete Income Tax Return (in the name of the sole proprietor).
  • PAN of the Firm (PAN is mandatory), cancelled cheque/3 months' bank.
  • Partnership deed.
  • Partnership authorisation letter signed by all partners and printed on the entity's letterhead.
  • One recent photograph, PAN or Form 60, and valid OVD of the person signing the agreement.
  • Beneficial Ownership Declaration as per Annexure III & KYC Documents of BO.
What documents are required by the Company to become a partner?

A company has to submit the following documents to become a partner:

  • PAN of the Company (PAN is mandatory)Cancelled Cheque/6 months bank statement (Mandatory).
  • Any one of the following: Registration Certificate (Indicative list of Licenses/Certificates is given in Annexure - I), Certificate/License issued by the Municipal Authorities under Shop & Establishment Act, Sales and Income Tax returns, GST/CST/VAT certificate (Provisional/Final), Certificate/Registration document issued by Sales Tax/Service Tax/Professional Tax Authorities, Complete Income Tax return (in the name of the Company), Utility Bills such as Electricity, Water, and Landline Telephone bills.
  • Memorandum and Articles of Association.
  • Resolution from the Board of Directors and Power of Attorney granted to its Managers, Officers or Employees to transact on its behalf. Board Resolution to be signed by minimum 2 Directors and printed on Company letterhead.
  • One recent Photograph, PAN or Form 60, and valid OVD of the person signing the agreementBeneficial Ownership Declaration and KYC documents of BO.
  • Certificate of Incorporation.
What documents are required for individuals to become a partner?

Following documents are required by Individuals:

  • Resolution of the managing body of such association or body of individuals.
  • PAN or Form No. 60 of the unincorporated association or a body of individuals.
  • Cancelled cheque/6 months’ bank statement.
  • Power of Attorney (POA) granted to attorney holder to transact on its behalf.
  • One recent photograph, PAN or Form 60, and valid OVD of the person signing the agreement.
  • Such information as may be required to collectively establish the legal existence of such association or body of individuals.
  • Beneficial Ownership Declaration & KYC documents of BO.
What documents are required by a HUF to become a partner?

Following documents are required by a HUF to become a partner:

  • Deed of declaration of HUF or HUF Letter having name and signature of all adult male and female co-parceners.
  • PAN of HUF.
  • One recent photograph, PAN or Form 60, and valid OVD of the person signing the agreement.
  • Cancelled cheque/3 months’ bank statement.
What documents are required by a sole proprietorship firm to become a partner?

Following documents are required by the proprietorship to become a partner:

  • KYC Documents of the proprietor as per the KYC documents for individual mentioned in individual section.
  • Any of the two documents required as proof of business: Registration certificate, certificate/license issued by the municipal authorities under Shop & Establishment Act, Sales and Income Tax Returns, GST/CST/VAT certificate (provisional/final), certificate/registration document issued by sales tax/service tax/professional tax authorities, complete Income Tax Return in the name of the sole proprietor, utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern.
What other products can I register for through the portal?

You can register on Bajaj Finserv Partners to source diverse products like fixed deposit, EMI cards, personal loans, salaried personal loans, business loans, debt management, UCF, and medical equipment loan to new and pre-existing eligible customers.

When can I start booking cases?

You can start sourcing cases once you have registered on Bajaj Finserv Partners and have received the unique credentials to log in to the portal. Your payouts for the sourced cases will be disbursed in the payout cycle of the following month.

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