Business Loan

Loan from Rs 2 lakh to Rs 80 lakh | No Collateral | ROI starts @ 14% p.a.
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Features and benefits of our Business Loan
 
 
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Trusted by 3 lakh+ customers

Business Loan
Loan from Rs 2 lakh to Rs 80 lakh | No Collateral | ROI starts @ 14% p.a.

Key features

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3 unique variants

Choose from our Flexi Hybrid Term Loan, 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.

Loan Amount

₹

Enter an amount between 200000 and 7500000

Enter an amount between 200000 and 7500000

Features and benefits of Business Loan

  • 3 unique variants

    Pick the loan that suits you best –

    Term Loan, Flexi Term Loan,

    Flexi hybrid Term Loan. 

  • No part-prepayment charge on Flexi variants

    You can prepay a portion of your

    loan at no extra charges with our

    Flexi Term Loan and Flexi hybrid Term

    Loan.

  • Loan of up to 80 lakh

    Manage your small or large business expenses with loans ranging from 200000 to 80 lakh.

  • Convenient tenures of up to 8 years

    Get the added flexibility to pay back your loan with repayment options ranging from 6 months to 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 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: 21 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

How to apply for a business loan

Step-by-step guide to applying for a Business loan

1. Click the 'APPLY' button on this page.

2. Enter your 10-digit mobile number and verify it using the OTP.

3. Fill in the application form with your personal and Business details.

4. Click 'CONTINUE' after completing the form.

5. Provide your banking details and complete process.

6. Complete your KYC

7. Submit your application for processing.

Applicable fees and charges on our business loan

Type of fee

Applicable charges

Rate of interest

14% to 23% per annum

Processing fees

Up to 4.72% 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.

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 36% 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.

Annual maintenance charges

Term Loan – not applicable.

Flexi Term (Dropline) Loan(Flexi Dropline): Up to0.59% (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.

Legal and incidental charges

Recovery of charges

Principal holiday facility fees

Principal Holiday (as applicable below) - (Inclusive of applicable taxes)

Up to Rs. 6499 (Inclusive of applicable taxes) for loan amount less than Rs. 10,00,000.
Up to Rs. 8,999 (Inclusive of applicable taxes) for loan amount between Rs. 10,00,000 and 14,99,999.
Up to Rs. 13,999 (Inclusive of applicable taxes) for loan amount between Rs. 15,00,000 and Rs. 24,99,999.
Up to Rs. 16,999 (Inclusive of applicable taxes) for loan amount Rs. 25,00,000 and above.

Note-
The above principal holiday facility fees will be deducted upfront from loan amount.
Loan amount includes approved loan amount, Insurance Premium and VAS Charges.

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

Disclaimer

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