Business Loan for Traders

Business Loan for Traders: Features and Benefits

Speedy loan

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

We understand how important your time is and to simplify loan processing our officer will offer assistance at your home.
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. To benefit from approval within 24 hours*, apply online.

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 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.