Business Loan of Rs. 3 lakh

Apply and get business loans up to Rs. 3 lakh with Bajaj Finserv in a very easy way. Submit and verify only a few documents and get loans within 24 hours.
CHECK ELIGIBILITY
Business Loan
CHECK ELIGIBILITY
4 min
09 May 2025
As a small business owner, even a modest capital boost can open big doors. A business loan of 3 lakhs is the perfect example. Whether you're looking to upgrade equipment, hire more staff, or stock up on seasonal inventory, a 3 lakh business loan can help you manage short-term needs without dipping into your savings.

What makes a 3 lakh loan for business so useful is that it comes with minimal paperwork, fast approval and no collateral requirement. For entrepreneurs and self-employed individuals, this kind of loan is both accessible and flexible.

One lender that stands out in this space is a business loan. Its online process, fast disbursal, and transparent policies make them a reliable option. In this article, we will walk you through the key features, eligibility, documents, interest rates, and how to apply for a business loan of 3 lakhs. We will also show you how to compare loan amounts using trusted tools.

Features and benefits of business loan up to Rs. 3 lakh

A business loan of 3 lakhs comes with several features that support business growth and cash flow management.

  • No collateral required
  • Quick loan approval and disbursal
  • Loan tenure from 12 to 60 months
  • Minimal documentation
  • Online application process
  • Pre-approved offers for existing customers
  • Transparent charges with no hidden fees
Use the business loan EMI calculator to check your monthly instalment and manage your finances wisely.

Eligibility criteria for business loan up to Rs. 3 lakh

Before applying for a 3 lakh business loan, check the following eligibility:

  • Age between 21 and 65 years
  • Indian nationality
  • Business vintage of at least 3 years
  • Minimum annual turnover as specified by the lender
  • CIBIL score of 685 or above
  • Stable income with ITR filed for the last year
For a quick check, visit business loan eligibility.

Documents required for business loan up to Rs. 3 lakh

The document list is short and simple:

  • PAN card and Aadhaar card
  • Address proof (voter ID, utility bill, etc.)
  • Business registration proof
  • Bank statements for the last 6 months
  • Latest ITR or audited financials
  • Passport-size photo
Make sure your documents are updated and clearly scanned for a smoother process.

Interest rate and charges for business loan up to Rs. 3 lakh

Here’s a breakdown of the typical charges for a business loan of 3 lakhs.

ParticularsDetails
Interest rateStarting from 14% per annum
Processing feeUp to 3.54% of loan amount
Foreclosure chargesUp to 4% after EMI clearance
EMI bounce chargesRs. 1,500 per instance
Penal interest2% per month on overdue EMIs


To get the full picture, visit business loan interest rate and charges section.

How to apply for business loan up to Rs. 3 lakh

Follow these steps to apply for a business loan of Rs. 3 lakh:

  • Visit the Bajaj Finserv business loan page
  • Click on the 'Apply Now' button
  • Fill in your basic personal and business details
  • Upload the required documents
  • Choose your preferred loan amount and tenure
  • Submit your application
If you're eligible, you'll get approval within 24 to 48 hours. You can also check your pre-approved business loan offer for a faster application process.

Business loans with other amounts

Here’s a list of other business loan options to consider based on your funding requirement:

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 a loan amount that fits your current business need and future plans.

Conclusion

A business loan of Rs. 3 lakh is a smart and practical way to support your small business goals. It offers quick funding with simple terms, and no collateral is needed. With lenders like Bajaj Finserv, you also benefit from competitive rates, low processing fees, and easy online application. Don’t let financial gaps slow down your growth. Apply for a business loan today and take the next step in your business journey.

Frequently asked questions

Can I get a Rs. 3 lakh business loan without collateral?
Yes, you can get a business loan of Rs. 3 lakh without collateral. These unsecured loans are based on your credit score, business turnover, and repayment history, so no asset or property needs to be pledged. Before applying, you can check your business loan eligibility online to see if you qualify.

How long does it take to approve a Rs. 3 lakh business loan?
The approval process is usually fast. With complete documents and a good credit profile, you can get approval within 24 to 48 hours. If you're an existing customer, you can also check your pre-approved business loan offer for instant access to funds.

What is the minimum CIBIL score for a Rs. 3 lakh business loan?
A CIBIL score of 685 or above is recommended to get a business loan of 3 lakhs. Higher scores improve your chances of approval and help you negotiate better interest rates.

What is the processing fee for a Rs. 3 lakh business loan?
The processing fee for a 3 lakh loan for business can be up to 3.54% of the loan amount. This is usually charged at the time of disbursal and will be clearly stated in your loan agreement.

Show More Show Less

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.

  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements, and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

GET THE APP

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Related videos