Business Loan of Rs. 2 lakh

Starting or growing a small business doesn’t always need a big budget. Many entrepreneurs in India begin their journey with just a little financial help. A business loan of 2 lakh can go a long way in covering early-stage expenses, upgrading equipment, or expanding a home-based venture. If you’re someone planning to give your business a push without taking on too much debt, a 2 lakh business loan might be the perfect choice.

I’ve found that these small-ticket loans are easy to get, require minimal paperwork, and come with flexible repayment terms. That’s where a business loan becomes helpful. Its simplified process, quick disbursal, and attractive interest rates make borrowing smooth and efficient.

In this guide, we will walk you through everything you need to know about getting a 2 lakh loan for business—from features and eligibility to interest rates and how to apply. Let’s get into it.

Features and benefits of business loan up to Rs. 2 lakh

A business loan of Rs. 2 lakh can offer many practical benefits for entrepreneurs and small business owners.

• Quick disbursal: Funds are usually credited within 24 to 48 hours of approval
• Minimal documentation: You only need basic KYC and income proof
• Flexible tenure: Choose a repayment plan that works for you, usually between 12 to 60 months
• No collateral needed: Get an unsecured loan without pledging assets
• Online application: Apply from anywhere, anytime
• Pre-approved offers: Existing customers often get instant loan approvals
• Transparency: No hidden fees or surprise charges

Use the business loan EMI calculator to get a clear idea of your monthly payments before applying.

Eligibility criteria for business loan up to Rs. 2 lakh

Before applying for a 2 lakh business loan, you must meet certain basic eligibility criteria:

• You should be between 21 and 65 years old
• You must be an Indian citizen with a regular source of income
• Your business should have been operational for at least 3 years
• Your CIBIL score should ideally be above 685
• Income tax returns for the past year may be required

Want to check if you’re eligible? Visit business loan eligibility to find out in a few clicks.

Documents required for business loan up to Rs. 2 lakh

Here’s what you’ll typically need:

• Identity proof: Aadhaar card, PAN card, passport
• Address proof: Utility bill, rent agreement, voter ID
• Business proof: GST certificate, business licence
• Bank statements: For the last 6 months
• Income proof: Latest ITR or audited financials
• Passport-size photographs

All documents must be valid and up to date for a smooth approval process.

Interest rates and charges for business loan up to Rs. 2 lakh

Interest rates vary depending on your credit profile and the lender. Bajaj Finserv offers competitive rates and a simple fee structure.

Particulars	Details
Interest rate	Starting from 14% p.a.
Processing fee	Up to 3.54% of loan amount
Foreclosure charges	Up to 4% after EMI clearance
EMI bounce charges	Rs. 1,500 per bounce
Penal interest	2% per month on overdue EMIs

Check the full business loan interest rate and charges before applying.

How to apply for a business loan of Rs. 2 lakh

Here’s a simple step-by-step guide:

• Visit the Bajaj Finserv business loan page
• Click on "Apply Now"
• Fill in your basic personal and business details
• Upload the required documents
• Choose the loan amount and tenure
• Submit your application

If eligible, your loan will be approved quickly and the amount credited to your bank account. You can also check your pre-approved business loan offer to see if instant funds are available to you.

Business loans with other amounts

Here’s a look at other loan amounts you can consider:

Quick link

Business Loan of Rs. 5 Lakh

Business Loan of Rs. 10 Lakh

Business Loan of Rs. 15 Lakh

Business Loan of Rs. 20 Lakh

Business Loan of Rs. 25 Lakh

Business Loan of Rs. 30 Lakh

Choose the loan amount that suits your business need.

Conclusion

A business loan of Rs. 2 lakh is ideal for small entrepreneurs who need quick funding without the burden of large EMIs. It’s easy to apply, requires minimal paperwork, and comes with flexible repayment terms. With a reliable financial partner like Bajaj Finserv, you can be confident about getting a loan that matches your goals. So, if you’ve been waiting to take your venture to the next level, apply for a business loan today.