For more information on business loans, visit Bajaj Finserv Business Loan.
Features and benefits of business loan up to Rs. 50 lakh
Opting for a 50 lakh loan for business comes with several advantages:- Collateral-free loan: No need to pledge assets.
- Flexible repayment options: Choose from various tenures to suit your cash flow.
- Quick disbursal: Funds credited within 48 hours upon approval.
- Minimal documentation: Simplified paperwork for faster processing.
- Competitive interest rates: Rates starting from 14% p.a., depending on eligibility.
Eligibility criteria for business loan up to Rs. 50 lakh
Before applying, ensure you meet the following eligibility criteria:- Age: Between 18 to 80 years.
- Business vintage: Minimum of 3 years.
- CIBIL score: 685 or higher.
- Employment status: Self-employed individuals or business owners.
- Nationality: Indian.
Documents required for business loan up to Rs. 50 lakh
To process your loan application, you will need:- KYC documents: Aadhaar, passport, voter’s ID, or driving license.
- PAN card: For identity verification.
- Proof of business ownership: GST certificate, partnership deed, or incorporation certificate.
- Financial documents: Bank statements, income tax returns, and balance sheets.
Interest Rates and Charges for Business Loan Up to Rs. 50 Lakh
Understanding the cost structure is crucial:Charge type | Details |
Interest rate | 14% to 26% p.a. |
Processing fee | Up to 3.54% of the loan amount |
Bounce charges | Rs. 1,500 per instance |
Flexi facility charges | Up to Rs. 16,999 (depending on loan amount) |
Foreclosure charges | Up to 4.72% (if applicable) |
For a detailed breakdown, refer to business loan interest rate.
How to apply for a business loan up to Rs. 50 lakh
Applying for a business loan is straightforward:- Visit the application page: Go to the Bajaj Finserv Business Loan page
- Enter personal details: Provide your mobile number and verify via OTP.
- Fill application form: Include necessary personal and business information.
- Choose loan variant: Select between Term Loan, Flexi Term Loan, or Flexi Hybrid Loan.
- Submit documents: Upload required KYC and business documents.
- Await approval: Upon verification, funds are disbursed within 48 hours.
Business loans with other amounts
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 |
Conclusion
A business loan of 50 lakhs can significantly impact your company's growth trajectory. Bajaj Finserv offers flexible, collateral-free loans with competitive interest rates, ensuring you have the financial support needed to achieve your business objectives.Check your pre-approved business loan offer today to get started.