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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

    Meet the simple eligibility criteria and submit basic documents to get funds within 24 hours* of approval.

  • Convenience Store

    Convenience perks

    Save your time and simplify loan processing with doorstep assistance that helps in availing of the loan without stepping out of your home.

  • Flexi Loan facility

    Flexi facility

    Choose the Flexi loan facility and borrow freely from your sanctioned limit and pay interest only on the amount you withdraw.

  • No collateral required

    Get a business loan for traders easily without pledging any valuable asset as security.

  • Personalised loan deals

    Check your exclusive pre-approved offers from us and expedite loan processing greatly to get funds without hassles.

  • Digital loan tools

    Manage your loan account easily anytime, anywhere with our online customer portal - Experia.

  • 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: Between 24 to 70 years*
    (*Age should be 70 years at loan maturity.)
  • Nationality: Indian
  • CIBIL Score: 685 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 the complete list of charges.

Types of fees Charge applicable
Rate of interest 17% 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 4-step guide to follow.
 
Step: 1 Click on ‘APPLY NOW’
Step: 2 Fill in your basic details
Step: 3 Input your KYC and financial details
Step: 4 Enter the loan amount you need and proceed with the application

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

*Conditions Apply
**Document list is indicative

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