Features and Benefits

Women are a rapidly growing section of business owners, with unique financial needs.
Bajaj Finserv presents Business Loans designed for women entrepreneurs, which come with nominal interest rates, easy eligibility criteria, and quick approval. Get a Flexi loan facility to help you better manage your business’s working capital needs, or get a customised machinery loan to buy new equipment for your business.

  • Loan up to Rs. 30 Lakh

    High loan limit of Rs. 30 lakh, to finance all your business needs.

  • Quick Processing

    Easy online application process with approval in 24 hours, and disbursal within 48 hours.

  • Flexi Term Loan facility

    Flexi Loan Facility

    Flexi loan facility, which gives you access to finance as per your needs. Get a fixed loan limit for a fixed tenor, from which you can withdraw and repay funds as many times as you need. Pay interest only on the amount withdrawn, and not on the full loan limit. Your EMIs consist only of the interest amount, with the freedom to repay the principal at the end of the tenor or pre-pay it at no extra charge.

  • Minimal Documentation

    Simple eligibility criteria with minimal documentation, for added convenience.

  • Flexible Tenors

    Tenors ranging from 12 months to 96 months, for ease of repayment.

  • Online Fund Management

    Complete online management of your Business Loan, so that you can access your funds at any time, from anywhere.

  • No Collateral Required

    No guarantors or collateral required, to make the application process fast and easy.

  • Pre-approved offers

    Pre-approved Offers

    Exclusive pre-approved offers on your loan, so that you get more value for your money.

Business Loan Eligibility Criteria

To apply for an SME Loan from Bajaj Finserv, you must be one of the following:

  • Self-employed Professionals (SEP) – Allopathic doctors, chartered accountants, company secretaries, and architects who are practicing their profession

  • Self-employed Non-professionals (SENP) – Traders, manufacturers, retailers, proprietors, and service providers

  • Entities - Partnerships, limited liability partnerships, private limited, and closely held limited companies

 
 

Documents Required for Business Loan for Women

You will need the following documents to apply:

  • Passport size photograph

  • KYC documents

  • Business proof: Certificate of practice

  • Relevant financial documents

  • Bank account statement of the previous months

Fees and Charges for Business Loan for Women

Charges for Bajaj Finserv SME Loan are as follows:

  • Types of Fees
  • Applicable Charges
  •  
  • Rate of interest
  • Up to 16% -35%
  • Processing fees
  • Up to 2%
  • Loan statement charges
  • NIL
  • Interest & principle statement charges
  • NIL
  • EMI bounce charges
  • Rs.2,500 for every bounce
  • Penal interest
  • 2.00% p.m

*Applicable following 1st EMI clearance.

Foreclosure Charges

  • Borrower Type: Interest Type
  • Time Period (Months)
  • Foreclosure charges
  •  
  • Individual: Floating rate
  • Greater than 1 month
  • NIL
  • Non-Individual: Floating rate
  • Greater than 1 month
  • 4% plus applicable taxes
  • All borrowers: Fixed rate
  • Greater than 1 month
  • 4% plus applicable taxes

*For Term Loan on principal outstanding

*For Flexi Interest-only Loan Charges will be calculated on sanctioned limit

*For Flexi Term Loan charges will be calculated on current Dropline limit

*Business Loan can be foreclosed only after the first EMI is paid. Before this, the loan can only be cancelled.

Part Prepayment Charges

  • Borrower Type
  • Time Period (Months)
  • Part payment charges
  •  
  • Individual: Floating rate
  • >1
  • NIL
  • Non-Individual: Floating rate
  • >1
  • 2% plus applicable taxes on part payment amount paid
  • All borrowers: Fixed rate
  • >1
  • 2% plus applicable taxes on part payment amount paid

*Part-prepayment made should be more than 1 EMI.

*These charges are not applicable for Flexi Interest-only and Flexi Term facilities.

How To Apply

You can apply for a Business Loan for women entrepreneurs offline or online.

To apply offline, SMS ‘BL’ to 9773633633. Our representative will get in touch with you to let you know your pre-approved loan offer.

To apply online, click here and fill out the application form. Our representative will get in touch with you to let you know your loan offer within 24 hours.
 

Business Loan Instant Approval

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