Bajaj Finserv offers collateral-free business loans of Rs. 5 lakh to help you meet your working capital expenses. You can use these funds to expand your business, buy new machinery or increase the cash flow of your business.
Check your business loan eligibility to see if you qualify for immediate funding and plan your next business move with confidence.
With our easy to meet eligibility criteria and minimal documents, it is easy to apply for our business loan of Rs. 5 lakh. Quick disbursals of funds within 24 hours* of approval and an online loan management facility make it an ideal solution for your business expenses. If you are an existing customer, you enjoy an even more shortened process to get a business loan of Rs. 5 lakh with pre-approved offers.
Features and Benefits of business loan up to Rs. 5 lakh
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No collateral
Get a business loan of Rs. 5 lakh without any collateral. It means you can get the funds you need without pledging any of your assets.
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Flexible repayment tenor
Repay your loan easily over a long tenor of up to 96 months. You can use our online EMI calculator to calculate your monthly outgo on a business loan of Rs. 5 lakh.
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Minimal paperwork
Submit just a few necessary documents to get instant approval on your business loan.
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Quick disbursal in 48 hours*
No waiting time; you can get the money in your bank account within 48 hours* of approval.
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Online account management
Download your account statements, pay EMIs and manage your loan account anywhere, anytime with our customer portal – My Account.
Bajaj Finserv offers collateral-free business loans of Rs. 5 lakh to help you meet your working capital expenses. You can use these funds to expand your business, buy new machinery or increase the cash flow of your business.
With our easy to meet eligibility criteria and minimal documents, it is easy to apply for our business loan of Rs. 5 lakh. Quick disbursals of funds within 24 hours* of approval and an online loan management facility make it an ideal solution for your business expenses. If you are an existing customer, you enjoy an even more shortened process to get a business loan of Rs. 5 lakh with pre-approved offers.
Eligibility criteria for a business loan up to Rs. 5 lakh
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Nationality
Residing 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 a business loan of up to Rs. 5 lakh
- KYC documents - Aadhaar card, PAN card, voter ID card, driving license, passport
- Address proof - utility bills, rent agreement, passport, etc.
- Financial documents - GST return, bank account details, etc.
- Proof of business ownership - registration papers of a business
Interest rates and charges
It is imperative to learn about the interest rates and associated charges on a business loan of Rs. 5 lakh. With Bajaj Finserv, you can be assured of 100% transparency and no hidden charges.
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. 5 lakh?
Following is a step-by-step guide to applying for a business loan of Rs. 5 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
Check your pre-approved business loan offer if you are an existing customer and want to speed up disbursal with minimal documentation.
Once you submit the form, you will get a call from our representative to guide you on further steps.
Why choose Bajaj Finserv for Rs. 5 lakh business loan
Bajaj Finserv offers a hassle-free business loan of Rs. 5 lakh without requiring any collateral, making it an ideal choice for small and medium enterprises. With simple eligibility criteria and minimal paperwork, you can apply easily and get quick approval. Funds are typically disbursed within 24 to 48 hours*, helping you meet urgent business needs like working capital, buying machinery, or expanding operations. The loan comes with flexible repayment options, allowing you to repay over a long tenure of up to 96 months. Plus, existing customers enjoy pre-approved offers and faster processing. With transparent interest rates, no hidden charges, and an easy online portal to manage your loan, Bajaj Finserv makes borrowing convenient and reliable for your business growth.
*Terms and conditions apply.
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