₹ 2 lakh – ₹ 80 lakh
Check your pre-approved offer and other benefits
Enter mobile and OTP | Check offer | Know your exact loan terms
Business Loan of Any Amount
-
In summary
A business loan of Rs. 15 lakh from Bajaj Finance can help you fund business requirements without pledging collateral. You can choose a suitable repayment tenure and manage your loan online.
- You can access a Rs. 15 lakh business loan without pledging an asset as collateral.
- The collateral-free business loan offers a repayment tenure of up to 96 months.
- The loan amount may be disbursed within 48 hours of approval, subject to verification and completion of formalities.
- You must be an Indian resident, aged 21–80 years at loan maturity, with a CIBIL score of 650 or above.
- Your business must have been operational for at least 3 years to meet the stated business-vintage criterion.
Use the business loan EMI calculator to estimate your monthly instalment and plan your repayment.
What are the features and benefits of a Rs. 15 lakh business loan?
-
A Rs. 15 lakh business loan from Bajaj Finance offers collateral-free funding, a repayment tenure of up to 96 months, and disbursal within 48 hours of approval. You can also choose a Flexi loan facility to manage your repayment outgo.
Feature Detail Why it matters Collateral-free funding No collateral is required for this unsecured business loan. You do not need to pledge an asset to access funds. Quick disbursal Disbursal within 48 hours of approval. You can plan business expenses around the expected funding timeline. Flexible tenure Repayment tenure of up to 96 months. You can select a repayment period that suits your cash flow. Flexi loan facility Interest-only EMIs during the initial part of the tenure. You may benefit from up to 45% lower EMIs, subject to the applicable terms. Minimal documentation Basic KYC, address proof, financial documents, and business ownership proof. You can prepare the required documents before applying. Online account management Access your loan account through My Account. You can view statements, pay EMIs, and manage your loan online. A business loan of Rs. 15 lakh can help you meet planned expenses while keeping your business assets free from collateral obligations. You can explore the business loan options to understand the available facilities.
Am I eligible for a Rs. 15 lakh business loan?
-
The business loan eligibility criteria for a Rs. 15 lakh business loan include your nationality, age, CIBIL score, and business vintage. You must meet the following stated requirements to apply with Bajaj Finance.
Eligibility parameter Requirement Nationality Indian resident Age 21 to 80 years; your age must not exceed 80 years at loan maturity CIBIL score 650 or above Business vintage At least 3 years Your business's financial position and repayment capacity may also be considered during the application assessment. The product page does not specify a fixed annual turnover threshold or a separate profitability condition, so you should not treat either as a confirmed minimum eligibility requirement.
How can you assess your eligibility for a business loan of Rs. 15 lakh?
Consider a hypothetical shop owner who has operated a retail business for 4 years and has a CIBIL score of 720. The applicant meets the stated business-vintage and CIBIL-score criteria, but approval will still depend on the lender's overall assessment, document verification, and applicable terms.
Review the detailed business loan eligibility requirements before applying.
What documents do I need for a Rs. 15 lakh business loan?
To apply for a business loan of Rs. 15 lakh, you need to provide KYC documents, address proof, financial documents, and proof of business ownership. Keep the following documents ready to complete your application.
| Document category | Examples |
|---|---|
| KYC documents | Aadhaar card, PAN card, voter ID card, driving licence, and passport |
| Address proof | Utility bills, rent agreement, and passport |
| Financial documents | Copy of GST return and bank account details, including bank statements for the last 6 months |
| Business ownership proof | Business registration papers |
Additional documents may be requested depending on your application and business profile. Find out how to apply for a business loan of Rs. 15 lakh online and prepare the required information before you begin.
What are the interest rates and charges on a Rs. 15 lakh business loan?
The business loan interest rates offered by Bajaj Finance range from 14% to 23.50% p.a. The final rate and charges depend on your credit profile, business vintage, financial details, and selected loan variant.
| Charge type | Applicable details |
|---|---|
| Interest rate | 14%–23.50% p.a. |
| Processing fee | Up to 4.72% of the loan amount, inclusive of applicable taxes |
| Bounce charges | Rs. 1,500 per bounce |
| Penal charge | 36% p.a. per delayed instalment, calculated from its due date until the full instalment is received |
| Full prepayment | Up to 4.72%, inclusive of applicable taxes; the calculation depends on the loan variant |
| Part-prepayment | Up to 4.72% of the prepaid principal for applicable Term Loans; not applicable to Flexi Dropline and Flexi Hybrid Loans |
| Flexi facility charge | Up to Rs. 999–Rs. 16,999, inclusive of applicable taxes, depending on the facility |
| Annual maintenance charges | Applicable to certain Flexi loan variants, as per the repayment schedule |
| Stamp duty | Payable as per state laws |
Other charges, including credit guarantee scheme fees, may apply to specific loan variants or cases. Review the applicable business loan interest rates and business loan fees and charges before applying for a business loan of Rs. 15 lakh.
How much EMI will you pay on a Rs. 15 lakh business loan over 5 years?
The Rs. 15 lakh business loan EMI for 5 years is approximately Rs. 34,902 per month at an illustrative interest rate of 14% p.a. The following figures are indicative, calculated using the reducing-balance method, and may differ from your sanctioned repayment schedule.
| Repayment tenure | Approximate monthly EMI | Approximate total interest |
|---|---|---|
| 1 year (12 months) | Rs. 1,34,681 | Rs. 1,16,168 |
| 2 years (24 months) | Rs. 72,019 | Rs. 2,28,464 |
| 3 years (36 months) | Rs. 51,266 | Rs. 3,45,592 |
| 5 years (60 months) | Rs. 34,902 | Rs. 5,94,143 |
These figures are indicative at 14% p.a. and assume monthly repayments on a reducing balance. Your actual EMI will depend on the interest rate, tenure, loan terms, and disbursal details offered to you. Use the business loan EMI calculator to estimate your repayment at the applicable rate.
Which business expansion plans can a Rs. 15 lakh loan fund?
A Rs. 15 lakh business loan can help you finance inventory, upgrade equipment, open another outlet, or meet working capital requirements. Your actual allocation will depend on your business plan, supplier costs, and expected cash flow.
| Expansion plan | How the funds can help | Illustrative budget |
|---|---|---|
| Inventory restocking | Purchase stock in bulk before festive seasons or periods of higher demand. | Rs. 5–10 lakh |
| Equipment upgrade | Buy machinery, computers, or tools to improve business capacity. | Rs. 8–15 lakh |
| Opening a new outlet | Meet rental deposits, interior fit-out costs, and initial inventory expenses. | Rs. 10–15 lakh |
| Hiring staff | Cover recruitment costs and initial salary commitments. | Rs. 3–6 lakh |
| Working capital buffer | Manage cash flow gaps during slower business periods. | Rs. 5–8 lakh |
| Digital expansion | Set up a website, online store, or delivery infrastructure. | Rs. 2–5 lakh |
These are illustrative budget ranges, not prescribed loan-use limits. Before borrowing, estimate the expected return from your expansion plan and ensure that your projected cash flow can support the EMI on your business loan of 15 lakh.
Plan your business funding with a suitable repayment schedule
Whether you want to restock inventory, purchase equipment, or expand your business, assess your funding requirement and expected cash flow before choosing a loan amount. Compare the available repayment tenures, review the interest rate and charges, and select an EMI that your business can manage comfortably.
Bajaj Finance offers eligible applicants collateral-free business loans with flexible repayment options. Check your eligibility and review your available offer before applying.
Check your pre-approved business loan offer
Select loan by amount
Applicable fees and charges on our business loan
Loans for business needs
Get business loan for your needs
Women Business Loan
Get Women Business Loan upto 80 Lakh
Medical Store Business Loan
Get Medical Store Business Loan upto 80 Lakh
Manufacturer Business Loan
Get Manufacturer Business Loan upto 80 Lakh
Business loan in different cities
Business loan in bangalore
Business loan in mumbai
Business loan in pune
Business loan in Jaipur
Business loan in Kerala
Business loan for different budgets
2 lakh business loan
3 lakh business loan
5 lakh business loan
10 lakh business loan
15 lakh business loan
20 lakh business loan
25 lakh business loan
30 lakh business loan
50 lakh business loan
Types of business loan
Unsecured Business Loan
Secured Business Loan
Term Loan
Cash Credit
Working Capital Loan
Machinery Loan
Line of Credit
Micro Loan
Merchant cash Loan
Frequently asked questions
Overview
What is the eligibility for a Rs. 15 lakh business loan?
The business loan eligibility criteria include being an Indian resident, aged 21–80 years at loan maturity, having a CIBIL score of 650 or above, and operating your business for at least 3 years. You can apply for a business loan of Rs. 15 lakh if you meet these stated requirements, subject to the lender's assessment and verification.
How long does it take to get a Rs. 15 lakh business loan approved?
The loan amount may be disbursed within 48 hours of approval. The actual time required depends on your application, eligibility assessment, document verification, and completion of the required formalities. The 48-hour timeline applies after approval and is not a guarantee of approval within that period.
How can I calculate the EMI for a business loan of Rs. 15 lakh?
You can calculate the EMI for a business loan of 15 lakh by entering the loan amount, interest rate, and repayment tenure in the business loan EMI calculator. The calculator provides an indicative monthly instalment to help you plan your repayments. Your actual EMI will depend on the rate and terms offered by Bajaj Finance.
Can a small shop owner apply for a Rs. 15 lakh business loan online?
Yes. A small shop owner can apply for a business loan of Rs. 15 lakh online, provided they meet the eligibility criteria. The stated requirements include a CIBIL score of 65o or above and a business vintage of at least 3 years. The loan is collateral-free, and you can complete the initial application using OTP-based mobile verification.
Can I repay a Rs. 15 lakh business loan before the tenure ends?
Yes, you may be able to repay a business loan of Rs. 15 lakh before the tenure ends, subject to the terms and prepayment charges applicable to your loan variant. Full and part-prepayment charges can differ between Term Loan and Flexi variants. Review the applicable business loan interest rates and fees and charges before deciding whether early repayment is suitable for you.
More articles
Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.