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Business Loan for Traders

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Business Loan for Traders: Features and Benefits

  • Speedy redressal of claims

    Speedy loan

    Simply meet the eligibility criteria and submit basic documents to enable loan disbursal within 24 hours*.

  • Convenience Store

    Convenience perks

    We understand how important your time is and, to simplify loan processing, our officers will offer assistance at your home.

  • Flexi Loan facility

    Flexi facility

    With the Flexi loan facility, you can borrow from your sanction freely and pay interest only on the amount you withdraw.

  • Zero collateral needed

    There is no need to pledge a valuable asset as security to qualify for a business loan for traders.

  • Personalised loan deals

    Get exclusive pre-approved offers from us and expedite loan processing greatly to avail funding without hassles.

  • Digital loan tools

    Access the customer portal - Experia to manage your loan online whenever needed, without restriction.

  • Business Loan for Traders

    Whether you need financial assistance to purchase goods and avail services, boost your working capital, renovate your existing business premises or invest in new equipment, the Bajaj Finserv Business Loan for Traders is the right fit for you. Our loan offers ample funding of up to Rs.45 lakh. Apply online to get approval within 24 hours*.

Business Loan for Traders: Eligibility Criteria and Documents Needed

To qualify, all you need to do is meet the easy eligibility criteria and submit all the required documentation.

Eligibility criteria:

  • Age: 25 to 65 years
  • Nationality: Indian
  • CIBIL Score: 750 or higher
  • Work status: Self-employed
  • Business vintage: Minimum 3 years

Documents required**:

  • KYC documents
  • Relevant business financial documents
  • Business proof: Certificate of business existence
  • Bank account statements of the previous 6 months

Business Loan for Traders: Fees and Charges

The charges and fees applicable on the Bajaj Finserv Business Loan for Traders are nominal to ensure affordability. Refer to this table for a complete breakdown.

Fee Type Charge applicable
Rate of interest 18% p.a. and onwards
Processing fees Up to 2% of the loan amount (plus taxes)
Bounce charges Up to Rs.3,000 (Inclusive of taxes)
Penal interest 2% per month
Document processing charges Rs.2,000 (plus taxes)
Outstation collection charges Not applicable
Document/statement charges Download loan documents at no additional cost by logging into the customer portal – Experia.

You can also get a physical copy of your documents from any of our branches at a charge of Rs.50/- (inclusive of taxes) per statement/letter/certificate.

Business Loan for Traders: How to Apply

The steps to apply for our loan are simple to follow and take very little time to execute. Here is a quick 5-step guide to follow.

  • Click ‘APPLY NOW’ on our webpage
  • Fill in your basic details
  • Enter the OTP sent to your phone
  • Input your KYC and financial data
  • Enter the loan amount you need and submit the application

On successful application, await contact from an authorised representative with further instructions.

*Conditions Apply
**Document list is indicative

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