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Business Loan

3 unique variants | Loan up to Rs. 80 lakh | Tenure up to 96 months
4.8
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Features and benefits of our business loan
 
 
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Trusted by 3 lakh+ customers

Business Loan
3 unique variants | Loan up to Rs. 80 lakh | Tenure up to 96 months
4.8

Key features

Watch Video ‌
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3 unique variants

Choose from our Flexi Hybrid, Flexi Term, and Term Loan variants.

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No collateral

You do not need any collateral or guarantor to get your loan.

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Minimal documentation

To apply for our business loan, you need three main documents: 1. Your KYC documents as proof of identity and address 2. Your PAN card 3. Proof of business ownership Additional financial documents may be necessary based on your application details.

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Disbursal in 48 hours*

Your bank account will be credited with your loan amount within 48 hours of the application. *Subject to document verification & eligibilty check.

Key features

Watch Video ‌
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3 unique variants

Choose from our Flexi Hybrid, Flexi Term, and Term Loan variants.

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No collateral

You do not need any collateral or guarantor to get your loan.

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Minimal documentation

To apply for our business loan, you need three main documents: 1. Your KYC documents as proof of identity and address 2. Your PAN card 3. Proof of business ownership Additional financial documents may be necessary based on your application details.

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Disbursal in 48 hours*

Your bank account will be credited with your loan amount within 48 hours of the application. *Subject to document verification & eligibilty check.

Business Loan EMI Calculator

Business Loan EMI Calculator

Plan your instalments better

Features and benefits of Business Loan

Features and benefits of our Business Loan
 

Features and benefits of our Business Loan

  • 3 unique variants

    Choose the loan type that suits you the best – Term Loan, Flexi Term (Dropline) Loan, Flexi Hybrid Loan.

  • No part-prepayment charge on Flexi variants

    You can prepay a portion of your loan at no extra charges with our Flexi Term (Dropline) Loan and Flexi Hybrid Loan.

  • Loan of up to Rs. 80 lakh

    Manage your small or large business expenses with loans ranging from Rs. 2 Lakh to Rs. 80 lakh.

  • Convenient tenures of up to 8 years

    Get the added flexibility to pay back your loan with repayment options ranging from 12 monthsto 96 months.

  • Money in your bank account in 48 hours*

    In most cases, you will receive the loan amount in your account within 48 hours of approval.

  • No hidden charges

    All fees and charges are mentioned upfront on this page and in the loan document. We advise you to read these in detail.

    Know about our interest rate and charges

  • No collateral required

    You do not have to worry about providing any collateral or security to get our business loan.

  • Online application process

    You can apply for our business loan from the comfort of wherever you are, at a time convenient for you.

*Terms and conditions apply

A loan for all your goals

A business loan can serve various purposes, such as boosting working capital, facilitating business expansion, acquiring machinery, or enabling digitisation of business. Whether it is covering day-to-day operational costs, funding expansion initiatives, investing in high-quality machinery, or embracing digitisation, a business loan of up to Rs. 80 lakh provides the financial flexibility needed to propel your business forward and seize growth opportunities.

Still haven’t found what you’re looking for? Click on any of the links at the top of this page.

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Eligibility and documents

Anyone can apply for our business loan if they meet the five basic criteria mentioned below. If you meet all the business loan eligibility criteria, you will need a set of documents to complete your application process.

  • Eligibility criteria

    • Nationality: Indian

    • Business vintage: At least 3 years

    • CIBIL Score: 685 or higher

    • Work status: Self-employed

    • Age: 24 to 80 years*

  • Documents required

    • KYC documents - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
    • PAN card
    • Proof of business ownership
    • Other financial documents
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How to apply for a business loan

How to apply for our Business Loan
 

How to apply for our Business Loan

Step-by-step guide to apply for a business loan

  1. Click on the ‘APPLY' button on this page.
  2. Enter your 10-digit mobile number and OTP.
  3. Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
  4. Once you enter all your details, please click on ‘PROCEED’ to visit the loan selection page.
  5. Enter the loan amount that you need. Choose from our three business loan variants – Term, Flexi Term, and Flexi Hybrid Loan.
  6. Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’. 

Complete your KYC and submit your business loan application.

Applicable fees and charges on our business loan

Type of fee

Applicable charges

Rate of interest

14 to 26 per annum

Processing fees

Up to 3.54% of the loan amount (inclusive of applicable taxes)

Bounce charges

Rs. 1,500 per bounce.

“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason.

Document processing charges

Rs. 2,360 (inclusive of applicable taxes)

Flexi

Facility Charges

Term Loan - Not applicable

Flexi Term (Dropline) Loan (Flexi Dropline) - Rs. 999/- (inclusive of applicable taxes)

Flexi Hybrid Loan (as applicable below) -

• Up to Rs. 6,499/- (inclusive of applicable taxes) for loan amount less than Rs. 1000000/-.
• Up to Rs. 8,999/- (inclusive of applicable taxes) for loan amount from Rs. 1000000/- to Rs. 1499999/-.
• Up to Rs. 13,999/- (inclusive of applicable taxes) for loan amount from Rs. 15,00,000/- to Rs. 24,99,999/-
• Up to Rs. 16,999/- (inclusive of applicable taxes) for loan amount of Rs. 25,00,000/- and above.

*The Flexi charges above will be deducted upfront from the loan amount
*Loan amount includes approved loan amount, insurance premium, VAS charges, and documentation charges.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge of Rs. 40 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Part-prepayment charges*

Full Pre-payment

• Term Loan: 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

• Flexi Term (Dropline) Loan (Flexi Dropline): 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.

• Flexi Hybrid Loan: a4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.


Part Pre-payment

• 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part Pre-Payment.

• Not Applicable for Flexi Term (Dropline) Loan (Flexi Dropline) and Hybrid Flexi.

Stamp duty

Payable as per state laws and deducted upfront from the loan amount.

Instalment default charges

Rs. 450 per month from the first instalment due date for mandates rejected by customers bank until the new mandate is registered.

Cash collection handling charges

Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs.

Cash deposit charges

Customers will incur a cash deposition charge of Rs. 50 (Inclusive of Applicable taxes) when making cash payments at our branch offices.

Platform fees

Rs. 11 (Inclusive of Applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties.

Broken period interest

Broken period interest/ pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios:


Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, broken period interest is recovered by the following methods:

  • For Term Loan: Deducted from the loan disbursement

  • For Flexi Term (Dropline) Loan: Added to the first instalment

  • For Flexi Hybrid Loan: Added to the first instalment


Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, interest is charged only for the actual number of days since the loan was disbursed.

Annual maintenance charges

Term Loan – not applicable.


Flexi Term (Dropline) Loan (Flexi Dropline): Up to 0.413% (inclusive of applicable taxes)

Flexi Hybrid Loan: Up to 1.18% (inclusive of applicable taxes) of the total withdrawable amount during initial loan tenure. 1.18% (inclusive of applicable taxes) of total withdrawable amount during subsequent loan tenure.

Switch Fees*

Up to 1.18% of the loan amount (inclusive of applicable taxes)

Legal and incidental charges

Recovery of charges

*Switch Fee is applicable only in case of switch of loan. In switch cases, Processing Fees and Documentation Charges will not be applicable.

Our loan variants

  • Flexi Hybrid Loan
  • Flexi Term (Dropline) Loan
  • Term Loan

What is it

Allows flexibility in borrowing and repaying within a specified loan limit. You can withdraw and repay multiple times within the approved limit. Interest-only EMI is charged during the Initial Tenure, only on the amount utilised.

Flexibility

Easily withdraw funds from the sanctioned limit and prepay effortlessly with our most flexible loan variant.

Withdrawals

Get unrestricted access to funds with multiple withdrawals from the approved loan limit.

EMIs

Interest-only EMIs for the initial part of the loan tenure. EMI applicable only on the withdrawn amount.

Part-prepayment Charges

No part-prepayment charges.

Flexi Charges

*Nominal Flexi charges applicable.

What is it

Offers flexibility in borrowing and repaying within a specified loan limit. Your EMIs cover both the principal and interest for the withdrawn sum over the entire duration.

Flexibility

Easily withdraw funds from the sanctioned limit and prepay effortlessly. More flexible than our regular term loan.

Withdrawals

Get unrestricted access to funds with multiple withdrawals from the approved loan limit.

EMIs

Fixed EMIs only on the withdrawn amount.

Part-prepayment Charges

No part-prepayment charges.

Flexi Charges

*Nominal Flexi charges applicable.

What is it

The loan type offers two repayment options: fixed monthly payments for the full term or up to 36 months of interest-only payments, followed by interest and principal payments.

Flexibility

Fixed loan structure and repayment schedule. Less flexible than our Flexi Term (Dropline) Loan or Flexi Hybrid Loans.

Withdrawals

Single disbursement of the loan amount.

EMIs

Fixed EMIs on the disbursed amount.

Part-prepayment Charges

Nominal* part-prepayment charges applicable.

Flexi Charges

No Flexi charges

Frequently asked questions

Overview

Features

Eligibility

Application Process

Calculator

What is a business loan, and how much can one borrow?

A business loan is a financial offering that can help you meet your planned and unplanned business expenses. It is a kind of unsecured financing, and you can avail of one without providing any collateral.

You can get a business loan up to Rs. 80 lakh from Bajaj Finance by fulfilling the easy-to-meet eligibility criteria. Upon approval of your application, you can get the loan amount in your bank account within 48 hours*.

What can I use a business loan for?

You can use a business loan to manage your venture’s planned and unplanned expenses, from leasing a larger office premise to renovating your workspace. You have the option to purchase, lease, or repair machinery or upgrade old technology to bring in a more efficient and smoother way of working. Stocking up inventory, purchasing raw materials in bulk, or expanding your operations are some other end-uses of a business loan.

What is the rule of business loan?

The rule of business loan from Bajaj Finance is that the borrower must have a business vintage of at least 3 and a good credit score. The borrower must also submit some basic documents such as KYC, bank statements, business proof, and income tax returns.

Which loan is best to start a business?

A business loan is the best option for those who want to start or expand their business. Bajaj Finserv Business Loan is a great choice for those looking for competitive interest rates, flexible repayment options, and quick loan disbursal.

How to get an instant business loan without CIBIL Score?

To avail of a business loan you must have a CIBIL Score of 685 or above.

What are the rates/fee for instant business loan?

The instant business loan carries an interest rate ranging from 14% to 26 per annum. Additionally, upfront charges comprise 3.54% processing fee (inclusive of applicable taxes), and Rs. 2,360 (inclusive of applicable taxes) as documentation charges. To know in detail, visit our 'fees and charges' page.

What is the minimum loan amount for business?

The loan amount for a Bajaj Finserv Business Loan ranges from Rs. 2 Lakh to Rs. 80 lakh.

Can I get a Rs. 50 lakh loan for business?

Yes, it is possible to get a business loan of Rs. 50 lakh. Bajaj Finserv Business Loan offers business loans up to Rs. 80 lakh without collateral.

How much can I get with instant business loan in India?

With Bajaj Finance, you can get a business loan of up to Rs. 80 lakh.

What is the tenure for an instant business loan?

With our business loan, you can avail the flexibility to pay back your loan with repayment options ranging from 12 months to 96 months.

Who can apply for a business loan?

Business entities such as proprietary concerns, partnership firms, private limited companies, self-employed professionals, and self-employed non-professionals can apply for a Bajaj Finance Business Loan. All applicants have to fulfil the eligibility criteria and submit their relevant documents.

Who is not eligible for a business loan?

A person who is below 24 or above 80 years of age is not eligible for a business loan from Bajaj Finance. The person must also be a self-employed individual or a business owner.

Who is eligible for a small business loan?

Business loans are generally available to entrepreneurs who have a well-established and profitable business, a good credit score, and a solid business plan. Bajaj Finserv Business Loan is an excellent option for eligible entrepreneurs who want to take their business to the next level.

Can we get business loan on salary?

A person who is a salaried employee cannot get a business loan from Bajaj Finance, as it is meant for self-employed individuals or business owners. However, salaried employees can apply for other types of loans from Bajaj Finance, such as personal loan, home loan, or car loan.

How can I qualify my business for an instant business loan?

To check the eligibility criteria for our business loan, visit our eligibility page.

What are requirements to get a business loan?

You can apply for a business loan if you meet the following eligibility criteria:

  • Age: 24  to 80 years

* (The non-financial applicant/co-applicant/guarantor should be at least 18 years of age) * Higher age limit is applicable at time of loan maturity.

  • Employment: Self-employed

  • Business vintage: Minimum 3 years

  • CIBIL score: 685 or higher

  • Nationality: Indian

What is the minimum CIBIL Score required for a business loan?

Bajaj Finserv considers a CIBIL Score of 685 or above as a good credit score. A strong business turnover and having all your documents in check also reflect positively on your profile.

How can small enterprises apply for business loan?

Applying for a business loan from Bajaj Finance Ltd. is easy. Start by clicking on the ‘Apply’ button on this page and open the online application form. Enter your basic details and verify your profile with the OTP that you receive on your phone.

Share the basic details of your business and gather your business documents. A representative from Bajaj Finance Ltd. will contact you with the next steps. After approval of your loan application, you can get money in your account within 48 hours*.

*Terms and conditions apply

How do I request for an Instant Business Loan?

To request a business loan quickly, simply complete our online application form with your details, choose a loan amount, and repayment terms. Submit necessary documents like bank statements and ID proof. Once reviewed, you will the funds disbursed in just 48 hours. *

What types of calculators are available to assist with business loan decisions?

Bajaj Finance offers 4 variations of calculators to aid in business loan decisions:

  1. Business Loan EMI Calculator
  2. Business Loan Eligibility Calculator
  3. Flexi Day-wise Interest Calculator
  4. Flexi Transaction Calculator
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What our customers say about us

10 million + customers
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3 million + Reviews
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Himanshu Pandey

Reviewed on 02 Feb 2025

Bajaj Finance Flexi Business Loan was perfect for my business! Flexible withdrawals and repayments kept cash flow smooth. Interest was charged only for the time the amount was withdrawn, making it a cost-effective choice!

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Disha Walecha

Reviewed on 02 Feb 2025

Expanding my café was smooth with Bajaj Finance Business Loan. Quick approval and minimal paperwork made the process hassle-free. The flexible repayment options were a perfect fit for my business growth.

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Pratyush Narayan

Reviewed on 02 Feb 2025

Renovating my clothing store was effortless with Bajaj Finance. Low-interest rates and flexible repayment plans suited my budget perfectly. The smooth process and clear communication exceeded my expectations.

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Janhvi Pandey

Reviewed on 02 Feb 2025

With Bajaj Finance, upgrading my salon was easy. The simple application process and fast fund disbursal meant I could improve my services without financial stress. A reliable choice for business expansion!

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Siddhant Kamble

Reviewed on 17 Jan 2025

Bajaj Finance helped me stock up inventory during peak season. Their quick loan disbursal ensured I never missed a business opportunity. Transparent terms and easy repayments made the experience stress-free!

Watch our videos

What is the difference between secured and unsecured business loan
 
 

What is the difference between secured and unsecured business loan

Eligibility criteria for a Business Loan
 
 

Eligibility criteria for a Business Loan

Documents required for a business loan
 
 

Documents required for a business loan

Things you can do with Business Loan
 
 

Things you can do with Business Loan

When to take Business Loan?
 
 

When to take Business Loan?

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.