Features and benefits
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Flexi perks
Avail of the Flexi facility on the collateral-free business loan to reduce EMIs by up to 45%* by paying only interest as EMIs.
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Borrow up to Rs. 50 lakh
Use this ample funding for any business-related needs. Moreover, be sure to use the EMI Calculator to borrow efficiently.
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Easy repayment
Choose a flexible tenor that ranges from 1 year to 8 years for maximum repayment comfort.
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Digital tools
Use our online loan account to access your loan statement and manage your EMIs at any time and from anywhere.
Any asset you own, be it personal or business-related, can be leveraged financially. You can use it as collateral and borrow an amount based on its value. This is usually the approach taken when you require a large sum of money, but with the collateral-free business loan from Bajaj Finserv, you don’t need to risk your assets. You can avail of a sizable sanction easily and without any long-winding processing hassles. Our unsecured business loans are easy to apply for using a short and simple online form. All you need to do is meet the simple eligibility criteria and submit minimal documents to enjoy fast approval in just 48 hours*.
Eligibility criteria and documents required
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Age
24 years to 70 years*
(*Age should be 70 years at the time of loan maturity)
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Nationality
Indian
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Work status
Self-employed
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Business vintage
3 years
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Credit Score
685 or higher
Documents required:
- KYC documents
- Proof of business ownership
- Other financial documents
Interest rate and fees applicable
With our loan, you can borrow affordably and without the worry of hidden charges. Refer to this table for a breakup of a few of the fees and charges applicable.
Fee type |
Charge applicable |
Rate of interest |
9.75% - 25% |
Processing fees |
Up to 2.95% of the loan amount (Inclusive of Applicable Taxes) |
Bounce charges |
Rs. 1,500 per bounce. |
Penal interest |
Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 3.50% per month on the monthly instalment/ EMI outstanding, from the date of default until the receipt of monthly instalment/ EMI. |
Document processing charges |
Rs. 2,360 (Inclusive of applicable taxes) |
Outstation collection charges |
Not applicable |
| Document/ statement charges | Download loan documents at no additional cost by logging into the customer portal – My Account. You can also get a physical copy of your documents from any of our branches at a charge of Rs. 50 (inclusive of taxes) per statement/ letter/ certificate. |
How to apply
To apply for the collateral-free business loan, simply follow these steps:
- 1 Click on ‘APPLY ONLINE’ to visit the application form
- 2 Share your basic personal and business details
- 3 Upload your bank statements for the last six months
- 4 Get a call from our representative who will guide you on further steps
Once approved, you will get access to funds in just 48 hours*.
*Conditions apply
