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Your Business Loan with us

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Business Loan

3 unique variants | Loan up to Rs. 80 lakh | Tenure up to 96 months
Business Loan
3 unique variants | Loan up to Rs. 80 lakh | Tenure up to 96 months
BL_PDP_01_Three_Unique_Variants
3 unique variants
BL_PDP_02_NoCollateral
No collateral
BL_PDP_04_Minimal_Documentation
Minimal documentation
BL_PDP_05_Quick_Disbursal
Disbursal in 48 hours*
BL_PDP_01_Three_Unique_Variants
3 unique variants
BL_PDP_02_NoCollateral
No collateral
BL_PDP_04_Minimal_Documentation
Minimal documentation
BL_PDP_05_Quick_Disbursal
Disbursal in 48 hours*
Business Loan EMI Calculator

Business Loan EMI Calculator

Plan your instalments better

Features and benefits of our business loan

  • 3 unique variants

    Choose the loan type that suits you the best – Term Loan, Flexi Term Loan, Flexi Hybrid Loan.

  • No part-prepayment charge on Flexi variants

    You can prepay a portion of your loan at no extra charges with our Flexi Term Loan and Flexi Hybrid Loan.

  • Loan of up to Rs. 80 lakh

    Manage your small or large business expenses with loans ranging from Rs. 2 Lakh to Rs. 80 lakh.

  • Convenient tenures of up to 8 years

    Get the added flexibility to pay back your loan with repayment options ranging from 12 months to 96 months.

  • Money in your bank account in 48 hours*

    In most cases, you will receive the loan amount in your account within 48 hours of approval.

  • No hidden charges

    All fees and charges are mentioned upfront on this page and in the loan document. We advise you to read these in detail.

    Know about our fees and charges

  • No collateral required

    You do not have to worry about providing any collateral or security to get our business loan.

  • Online application process

    You can apply for our business loan from the comfort of wherever you are, at a time convenient for you.

*Terms and conditions apply
 

A loan for all your goals

A business loan can serve various purposes, such as boosting working capital, facilitating business expansion, acquiring machinery, or enabling digitisation of business. Whether it is covering day-to-day operational costs, funding expansion initiatives, investing in high-quality machinery, or embracing digitisation, a business loan of up to Rs. 80 lakh provides the financial flexibility needed to propel your business forward and seize growth opportunities.

Still haven’t found what you’re looking for? Click on any of the links at the top of this page.

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Eligibility and documents

Anyone can apply for our business loan if they meet the five basic criteria mentioned below. If you meet all the business loan eligibility criteria, you will need a set of documents to complete your application process.

Eligibility criteria

  • Nationality: Indian
  • Business vintage: At least 3 years
  • CIBIL Score: 685 or higher
  • Work status: Self-employed
  • Age: 24 years to 80 years*

*24 years (18 years age of non-financial applicant / Co-applicant / Guarantor)

Documents required

  • KYC documents - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
  • PAN card
  • Proof of business ownership
  • Other financial documents

*Higher age limit is applicable at the time of loan maturity.

How to apply for a business loan

Step-by-step guide to applying for a business loan

  1. Click on the ‘APPLY' button on this page.
  2. Enter your 10-digit mobile number and OTP.
  3. Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
  4. Once you enter all your details, please click on ‘PROCEED’ to visit the loan selection page.
  5. Enter the loan amount that you need. Choose from our three business loan variants – Term, Flexi Term, and Flexi Hybrid.
  6. Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
  7. Complete your KYC and submit your business loan application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account upon verification of your documents.

Applicable fees and charges on our business loan

Type of fee

Applicable charges

Rate of interest

9.75% - 30% per annum

Processing fee

Up to 3.54% of the loan amount (inclusive of applicable taxes)

Documentation charges Up to Rs. 2,360 (inclusive of applicable taxes)

Flexi fee

Term Loan - Not applicable

Flexi Term Loan (Flexi Dropline) - Up to Rs. 999/- (inclusive of applicable taxes)

Flexi Hybrid Loan (as applicable below) -

  • Up to Rs. 6,499/- (inclusive of applicable taxes) for loan amount less than Rs. 1000000/-.
  • Up to Rs. 8,999/- (inclusive of applicable taxes) for loan amount from Rs. 1000000/- to Rs. 1499999/-.
  • Up to Rs. 13,999/- (inclusive of applicable taxes) for loan amount from Rs. 15,00,000/- to Rs. 24,99,999/-
  • Up to Rs. 16,999/- (inclusive of applicable taxes) for loan amount of Rs. 25,00,000/- and above.

*The Flexi charges above will be deducted upfront from the loan amount

*Loan amount includes approved loan amount, insurance premium, VAS charges, and documentation charges.

Prepayment charges

Full Pre-payment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of 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.

Part Pre-payment

  • Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part Pre-Payment.
  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi.

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 total withdrawable amount during subsequent loan tenure.

Bounce charges Rs. 1,500 per bounce.
“Bounce charges” shall mean charges for 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.
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.
Stamp duty (as per respective state) Payable as per state laws and deducted upfront from the loan amount
Cash collection handling charges Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs.
Cash deposit charges Customers will incur a cash deposition charge of Rs. 50 (Inclusive of Applicable taxes) when making cash payments at our branch offices.
PG facility charges Rs. 11 (Inclusive of Applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties.

Broken period interest/ pre-EMI interest

Broken period interest/ pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios:

Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, broken period interest is recovered by the following methods:

  • For Term Loan: Deducted from the loan disbursement
  • For Flexi Term Loan: Added to the first instalment
  • For Flexi Hybrid Loan: Added to the first instalment

Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, interest is charged only for the actual number of days since the loan was disbursed.

Switch fee Up to 1.18% of the loan amount (inclusive of applicable taxes)
*Switch Fee is applicable only in case of switch of loan. In switch cases, Processing Fees and Documentation Charges will not be applicable.

Our loan variants

Loan variant

What is it

Flexibility

Withdrawals

EMIs

Part-prepayment Charges

Flexi Charges

Flexi Hybrid Loan

Allows flexibility in borrowing and repaying within a specified loan limit. You can withdraw and repay multiple times within the approved limit. Interest-only EMI is charged only on the amount utilised.

Easily withdraw funds from the sanctioned limit and prepay effortlessly with our most flexible loan variant.

Get unrestricted access to funds with multiple withdrawals from the approved loan limit.

Interest-only EMIs for the initial part of the loan tenure. EMI applicable only on the withdrawn amount.

No part-prepayment charges.

*Nominal Flexi charges applicable.

Flexi Term Loan

Offers flexibility in borrowing and repaying within a specified loan limit. Your EMIs cover both the principal and interest for the withdrawn sum over the entire duration.

Easily withdraw funds from the sanctioned limit and prepay effortlessly. More flexible than our regular term loan.

Get unrestricted access to funds with multiple withdrawals from the approved loan limit.

Fixed EMIs only on the withdrawn amount.

No part-prepayment charges.

*Nominal Flexi charges applicable.

Term Loan

There is no pre-assigned limit. Involves borrowing a fixed amount for a specified term. Repayments are made through regular EMIs, comprising both principal and interest.

Fixed loan structure and repayment schedule. Less flexible than our flexi term or flexi hybrid loans.

Single disbursement of the loan amount.

Fixed EMIs on the disbursed amount.

*Nominal part-prepayment charges applicable.

No Flexi charges.

*Please refer to the Interest Rates, Fees and Charges section for more details on Flexi charges and annual maintenance charges.

Frequently asked questions

What is a business loan, and how much can one borrow?

A business loan is a financial offering that can help you meet your planned and unplanned business expenses. It is a kind of unsecured financing, and you can avail of one without providing any collateral.

You can get a business loan up to Rs. 80 lakh from Bajaj Finance by fulfilling the easy-to-meet eligibility criteria. Upon approval of your application, you can get the loan amount in your bank account within 48 hours*.

*Terms and conditions apply

Who can apply for a business loan?

Business entities such as proprietary concerns, partnership firms, private limited companies, self-employed professionals, and self-employed non-professionals can apply for a Bajaj Finance Business Loan. All applicants have to fulfil the eligibility criteria and submit their relevant documents.

What are requirements to get a business loan?

You can apply for a business loan if you meet the following eligibility criteria:

  • Age: 24 years to 80 years * (The non-financial applicant/co-applicant/guarantor should be at least 18 years of age) * Higher age limit is applicable at time of loan maturity.
  • Employment: Self-employed
  • Business vintage: Minimum 3 years
  • CIBIL score: 685 or higher
  • Nationality: Indian

You will need these documents:

  • KYC documents
  • Proof of business ownership
  • Other financial documents
What is the minimum CIBIL Score required for a business loan?

Bajaj Finserv considers a CIBIL Score of 685 or above as a good credit score. A strong business turnover and having all your documents in check also reflect positively on your profile.

What can I use a business loan for?

You can use a business loan to manage your venture’s planned and unplanned expenses, from leasing a larger office premise to renovating your workspace. You have the option to purchase, lease, or repair machinery or upgrade old technology to bring in a more efficient and smoother way of working. Stocking up inventory, purchasing raw materials in bulk, or expanding your operations are some other end-uses of a business loan.

How can small enterprises apply for business loan?

Applying for a business loan from Bajaj Finance Ltd. is easy. Start by clicking on the ‘Apply’ button on this page and open the online application form. Enter your basic details and verify your profile with the OTP that you receive on your phone.

Share the basic details of your business and gather your business documents. A representative from Bajaj Finance Ltd. will contact you with the next steps. After approval of your loan application, you can get money in your account within 48 hours*.

*Terms and conditions apply

What is the maximum loan amount for a business loan?

The maximum loan amount for a business loan from Bajaj Finance is Rs. 80 lakh. You can choose from three unique variants of business loan - Term Loan, Flexi Term Loan, and Flexi Hybrid Loan.

Who is not eligible for business loan?

A person who is below 24 years or above 80 years of age is not eligible for a business loan from Bajaj Finance. The person must also be a self-employed individual or a business owner.

What is the rule of business loan?

The rule of business loan from Bajaj Finance is that the borrower must have a business vintage of at least 3 and a good credit score. The borrower must also submit some basic documents such as KYC, bank statements, business proof, and income tax returns.

Can we get business loan on salary?

A person who is a salaried employee cannot get a business loan from Bajaj Finance, as it is meant for self-employed individuals or business owners. However, salaried employees can apply for other types of loans from Bajaj Finance, such as personal loan, home loan, or car loan.

Which loan is best for business?

A business loan is the best option for those who want to start or expand their business. Bajaj Finserv Business Loan is a great choice for those looking for competitive interest rates, flexible repayment options, and quick loan disbursal.

Who is eligible for a small business loan?

Business loans are generally available to entrepreneurs who have a well-established and profitable business, a good credit score, and a solid business plan. Bajaj Finserv Business Loan is an excellent option for eligible entrepreneurs who want to take their business to the next level.

Which loan is best to start a business?

Business loan is the best option for those who want to start a new business. Bajaj Finserv Business Loan offers start-up loans with competitive interest rates, flexible repayment options, and quick loan disbursal, making it a great choice for those looking to start a new business venture.

What is the minimum loan amount for business?

The loan amount for a Bajaj Finserv Business Loan ranges from Rs. 2 Lakh to Rs. 80 lakh.

Can I get a Rs. 50 lakh loan for business?

Yes, it is possible to get a business loan of Rs. 50 lakh. Bajaj Finserv Business Loan offers business loans up to Rs. 80 lakh without collateral.

How do I request for an Instant Business Loan?

To request a business loan quickly, simply complete our online application form with your details, choose a loan amount, and repayment terms. Submit necessary documents like bank statements and ID proof. Once reviewed, you will the funds disbursed in just 48 hours. *

What are the rates/fee for instant business loan?

The instant business loan carries an interest rate ranging from 9.75% to 30% per annum. Additionally, upfront charges comprise Up to 3.54% of the loan amount (inclusive of applicable taxes), and Rs. 2,360 (inclusive of applicable taxes) as documentation charges. To know in detail, visit our 'fees and charges' page.

What is the tenure for an instant business loan?

With our business loan, you can avail the flexibility to pay back your loan with repayment options ranging from 12 months to 96 months.

How much can I get with instant business loan in India?

With Bajaj Finance, you can get a business loan of up to Rs. 80 lakh.

How can I qualify my business for an instant business loan?

To check the eligibility criteria for our business loan, visit our eligibility page.

How to get an instant business loan without CIBIL Score?

To avail of a business loan you must have a CIBIL Score of 685 or above.

What are the types of calculators are available to assist with business loan decisions?

Bajaj Finance offers 4 variations of calculators to aid in business loan decisions:

  1. Business Loan EMI Calculator
  2. Business Loan Eligibility Calculator
  3. Flexi Day-wise Interest Calculator
  4. Flexi Transaction Calculator
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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.