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Business Loan Eligibility and Documents

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Business loan eligibility criteria

Availing a business loan from Bajaj Finserv is simple. Applicants just need to fulfil the following eligibility criteria to avail the benefits of the loan.

• The applicant must be between 25 to 65 years old to apply for a business loan.
• Applicant must also own a business running for at least 3 years.
• Income Tax Returns for the applicant’s business should be filed for a minimum of 1 year.

Documents required for a business loan

The documentation requirements for business loans are minimal. You simply need to hand over the following documents to our representative.

i. Identity proof – Applicants need to provide identification proof with appropriate KYC documents including Aadhaar card, voter ID, PAN card, passport, driving license or any other valid document issued by the government.

ii. Address proof – Other than KYC, documents like passport, electricity bill, ration card, telephone bill, lease agreement, trade license or certificate of trade license can be used as address proof when applying for a Bajaj Finserv Business Loan. Applicants can also opt for any other document issued by the government as address proof to complete their loan application.

iii. Financial documents – The common business loan documents list that self-employed professionals and non-professionals need to submit are as follows.

• A copy of Income Tax Return filed for at least one year.
• Bank account statement for the last 6 months.
• Balance Sheet and Profit & Loss Statement for the previous 2 years, audited by a CA.

iv. Business ownership proof – The proof of business ownership required for a Bajaj Finserv Business Loan depends on the type of business and applicant profile. Documents for various business profiles are mentioned below.

For self-employed professionals – Registration document in case of sole proprietors. Other proofs of business identity for self-employed professionals include documents issued in the concern’s name like PAN card, payment receipt for municipal tax, electricity bill, IT returns, etc.
For self-employed non-professional – Sole proprietor’s registration document, individual identity proof of the owner, IT Returns, at least 6 months of bank statements of the owner, statement of creditor/book debt/periodic stock, GST return, etc.
For other entities (partnerships and Private Limited companies) – Partnership agreement in case of partnership firms and Certificate of Commencement/Article and Memorandum of Association for Private Limited companies. Other supporting documents for these concerns including returns of Income Tax, Goods and Services Tax, registration certificate under the Shops and Establishment Act, etc. Besides, partners and directors also need to submit individual proofs of identity.

List of Applicable Business Loan Customer Profiles

Self Employed Professionals (SEP)

Allopathic doctors, chartered accountants, company secretaries and architects who are practising their profession. Proof of qualification needs to be shared.

Self Employed Non-Professionals (SENP)

Traders and manufacturers, retailers, proprietors, service providers, etc.


Partnerships, limited liability partnership, private limited and closely held limited companies. Other constitution types depending on their profile on a case to case basis.

Based on your meeting the business loan eligibility criteria, you can get the funds in the following cities, up to a limit of Rs.45 lakh.

Bajaj Finserv’s lending criteria for business loans is simple and documentation requirements for business loans are minimal, making the application process easy and hassle-free for you.


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