Bajaj Finance offers business loans of ₹30 lakh and above with no collateral requirement, fast disbursal within 48 hours*, and convenient repayment tenors of up to 96 months. Key features include a Flexi loan facility for lower initial EMIs, minimal documentation, and easy online account management. To apply, individuals must be resident Indians aged 18 to 80 (at loan maturity), with a CIBIL score of 685 or higher and a minimum business vintage of 3 years. The application process is simple, apply online, upload documents, and receive expert guidance at every step.
Features and benefits for Business Loan of Rs. 30 lakh
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Quick disbursal in 48 hours*
Receive funds in your bank account within 48 hours* of approval of your loan application.
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Flexi loan facility
Choose our Flexi facility and lower your monthly instalments by up to 45%* during the initial tenor.
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Online account management
Pay EMIs, download account statements and manage your loan account anytime, anywhere with My Account.
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Collateral-free loan
You can apply for a business loan of Rs. 30 lakh or more without submitting any collateral.
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Convenient repayment tenors
Repay your loan in affordable EMIs spread over a long tenor of up to 96 months.
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Minimal paperwork
Submit a few essential documents to get your business loan application approved within minutes.
Apply for a business loan and grow your business operations and productions with the required financial assistance.
With easy-to-meet eligibility criteria, Bajaj Finserv makes it easy for borrowers to get a business loan of Rs. 30 lakh or more. Once you fulfil the eligibility and submit the required documents, you can receive the funds within 48 hours of approval. Check your pre-approved offer online and expedite the loan processing time.
Eligibility criteria for Business Loan of Rs. 30 lakh
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Nationality
Resident Indians
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Age
24 years to 80 years*
(*Age should be 80 years at Loan Maturity)
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CIBIL score
685 or more
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Business vintage
Minimum 3 years
Documents required for Business Loan of Rs. 30 lakh
KYC documents - Aadhaar card, PAN card, voter ID card, driving license, passport.
Address proof - Utility bills, rent agreement, passport, etc.
Financial documents - Copy of GST return, bank account details, etc.
Proof of business ownership - Registration papers of a business.
Interest Rates and Charges on a ₹30 Lakh Business Loan
Being aware of the interest rates and other associated charges can help you plan your finances. Since these factors will decide your total loan cost, knowing them is crucial.
Type of fee |
Applicable charges |
Rate of interest |
14 to 25% per annum |
Processing fees |
Up to 4.72% of the loan amount (inclusive of applicable taxes) |
Bounce charges |
Rs. 1,500 per bounce. “Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason. |
Flexi Facility Charge |
Term Loan - Not applicable |
Penal charge |
Delay in payment of instalment(s) shall attract Penal Charge of Rs. 40 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Prepayment charges |
Full Pre-payment Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Not applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi. |
Stamp duty |
Payable as per state laws and deducted upfront from loan amount |
Broken period interest |
Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows: Scenario 1: If Loan is disbursed on 1st or post 10th of the month: |
Annual maintenance charges |
Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.413% (Inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 1.18% (Inclusive of applicable taxes) of the Total Withdrawable Amount during Initial loan tenure. Up to 0.413% (Inclusive of applicable taxes) of the Total Withdrawable Amount during Subsequent loan tenure. |
Legal and incidental charges |
Recovery of charges |
Principal Holiday Facility Fees |
Principal Holiday (as applicable below) - (Inclusive of applicable taxes) Up to Rs. 6499 (Inclusive of applicable taxes) for loan amount less than Rs. 10,00,000. Up to Rs. 8,999 (Inclusive of applicable taxes) for loan amount between Rs. 10,00,000 and 14,99,999. Up to Rs. 13,999 (Inclusive of applicable taxes) for loan amount between Rs. 15,00,000 and Rs. 24,99,999. Up to Rs. 16,999 (Inclusive of applicable taxes) for loan amount Rs. 25,00,000 and above. Note- The above principal holiday facility fees will be deducted upfront from loan amount. Loan amount includes approved loan amount, Insurance Premium and VAS Charges. |
How to apply for a business loan of Rs. 30 lakh?
- 1 Click on APPLY ONLINE to open our application form
- 2 Enter your phone number and authenticate with an OTP
- 3 Fill in basic personal and business details
- 4 Upload your bank statement for the last 6 months and submit the form
Once you submit the form, you will get a call from our representative to guide you on further steps.
Why choose Bajaj Finserv for ₹30 Lakh Business Loan
Bajaj Finserv offers ₹30 lakh business loans with no collateral, fast approval in 48 hours*, and repayment options up to 96 months. Enjoy lower EMIs with the Flexi facility and easy online account management.
Business loans with other amount
Frequently asked questions
Yes, you can get a Rs. 30 lakh business loan if you meet the lender's eligibility criteria, which usually include a good credit score, stable business income, and minimum business vintage.
The EMI for a Rs. 30 lakh loan depends on the interest rate and tenure. For example, at 10% interest over 5 years, the EMI would be approximately Rs. 63,744.
Business owners, self-employed professionals, sole proprietors, and women entrepreneurs with a stable business history and good financial profile are eligible to apply for a Rs. 30 lakh business loan.
