Business Loan

Features and benefits

With small business loans up to Rs. 20 lakh, funding for your small business is now just 24 hours away. Use the funds to invest in infrastructure, expand operations, upgrade to the latest plant and machinery, maintain inventory, or to increase working capital. These customized loans can give your business the much-needed boost to help your enterprise scale new heights with enhanced competitiveness and profitability.

Top features of Bajaj Finserv Business Loans

Large capital made affordable

Bajaj Finserv offers easy and quick business loan up to Rs. 20 lakh to small businesses at low-interest rates. Whether your business has needs for short-term loans, intermediate-term loans or long-term loans, these loans are the perfect financing solution for your small-scale business.
Flexi loan facility

Withdraw only what you need and repay funds as per your business cash flow at nil prepayment charges. Pay only interest as EMIs, and repay the principal at the end of the tenor. Interest is charged only on the amount withdrawn, helping you to lower your EMIs by up to 45% and helping your cash flow.
Hassle-free unsecured loans

These unsecured business loans are approved in under 24 hours, come with easy eligibility criteria and can be applied for with just 2 documents. These exclusive features make Bajaj Finserv the best, fastest and most hassle-free business loan provider to meet urgent financial needs of your growing business.
Loans up to Rs. 20 lakh

Whether your business has needs for short-term loans, intermediate-term loans or long-term loans, Bajaj Finserv offers business loans up to Rs. 20 lakh. You can use the loan amount to invest in infrastructure, expand operations, buy equipment or inventory, or even to increase working capital.
No collateral

Bajaj Finserv business loans are collateral-free, which means you won’t have to put your personal or business assets on the line to get financing. And since you don’t need to pledge collateral, there is no requirement for appraisal of the value of your assets. As a result, with collateral-free loans, funding is much faster and requires only minimal documentation.
Pre-approved Offers

Apply online and get pre-approved offers for an instant loan without security from Bajaj Finserv. Enjoy a high top-up loan or an interest rate reduction on your business loan.
Online Account Access

You have the convenience of accessing your business loan statement anytime from anywhere.
Why should you choose Bajaj Finserv business loan?

One of the most trusted NBFCs in India, Bajaj Finserv offers customised Business Loans that are affordable and hassle-free. Get the loan with affordable interest rates, zero hidden charges, minimal documentation, quick approval and more.

You can use a business loan to:
- Increase your business cash flow
- Lease bigger office premises
- Renovate your office
- Purchase, lease or repair machinery and equipment
- Upgrade to the latest technology
- Stock up on inventory
- Hire seasonal employees
- Purchase raw material for bulk orders
- Expand to another area or city
- Scale-up operations and take on bigger projects and much more
Loans for your special needs:

Bajaj Finserv has customized business loans for your unique needs.
- Working capital loans: Maintain a healthy cash flow with a working capital loan without any security and keep your business away from any financial roadblocks.
- Machinery loans: Install or upgrade to the latest plant and machinery or equipment with a machinery loan and meet bulk orders smoothly.
- SME and MSME loans: Small and medium enterprises can now grow their operations and scale in an easy way with SME and MSME loans..
- Business loans for women: Especially designed for women entrepreneurs, Business loans for women offer finance up to Rs.20 lakh to support their growing business needs.
You can read this page on Business Loans in Hindi, Marathi and Tamil.

Business Loan FAQs

What is a business loan and how does it work?

A business loan is an unsecured form of credit designed to cover various expenditures in a business. Borrowers need not mortgage any asset to avail funds.

Bajaj Finserv offers Loan up to Rs. 20 lakh, against simple business loan eligibility criteria and basic documentation. Once approved, you get the amount disbursed within a working day.

Who can get a business loan?

Entities, self-employed non-professionals, and self-employed professionals can apply for a Business Loan, after fulfilling the required eligibility criteria.

What is a good credit score to get a business loan?

A CIBIL score of 750 is considered healthy to avail a business loan. The closer your score is to 900, higher are your chances of getting the loan on good terms.

How to qualify for a business loan?

An applicant can qualify for a Business Loan by meeting the following criteria:

Minimum 3 years of business vintage
Applicant’s age to be within 25 to 55 years
IT returns filed for at least the previous year
A healthy CIBIL score and strong credit profile

How to apply for a business loan?

The process to apply for a business loan is simple.

Fill up the online application form of business loan to apply.
Submit all the relevant documents to complete the process.
Get money in bank within 24 hours.

What is the business turnover ratio and how is it calculated?

The business turnover ratio measures the proficiency of a business with which it effectively collects their receivables or the credit it has extended to its customers.

To know how to calculate business turnover ratio, the total amount receivable from customers at the start of the accounting period must be added with the ending balance and divided by 2. The business turnover ratio can be calculated by then dividing the total sales on credit by the average balance (excluding the cash receipts).

What is the minimum required turnover of business to be eligible for business loans?

To be eligible for business loan, the applicant must own a business running for at least 3 years and must have filed Income Tax for a minimum of 1 year. Also, good business loan turnover ratio gives a positive reflection of business growth and profitability, making it a good profile for business loan.