Working capital

  1. Home
  2. >
  3. Business Loan
  4. >

Collateral Free Business Loans

Quick Apply

Just 60 seconds to apply

Please enter your full name as per PAN
Enter 10-digit mobile number
Please enter your birth date
Please enter valid PAN card number
Please enter your pin code
Enter personal email address

I consent to the T&C and authorize Bajaj Finance Limited, its representatives/business partners/affiliates to use my details for promotional communication/fulfilment of services availed.

Thank you

Collateral Free loans

Collateral is an asset, having a measurable financial value, that you can borrow against. Assets like real estate, machinery, vehicles, even stocks and shares can be pledged to avail a loan. However, if you are unable to repay the loan, the lender has the right to assume permanent possession of the asset and liquidate it to recover the outstanding amounts.

On the other hand, collateral-free loans do not require you to pledge any asset as security. It brings peace of mind and opens up unlimited opportunities. One can avail collateral-free loans for various purposes. Such loans can help you meet business goals as well as personal needs like higher education, medical emergencies, marriage expenses, etc.

Bajaj Finserv extends collateral-free business loans at competitive interest rates and flexible repayment options.

Collateral Free Business Loans Features and Benefits

Bajaj Finserv collateral-free Business Loans come with following benefits and features:

  • loan against property emi calculator


    Collateral-free Business Loans from Bajaj Finserv are powered by the Flexi loan feature. This unique feature enables businesses to borrow according to their needs and repay as per their cash flow. This facility also provides you the choice to pay only the interest amount as EMI, while repaying the principal amount at the end of the loan tenor.

  • Financing up to Rs.45 lakh

    Flexi loan limit for collateral-free Business Loans can go up to Rs. 45 lakh. Use this EMI calculator for computing the EMI of your collateral free loan.

  • Pre-approved offers

    Pre-approved offers

    If you are an existing Bajaj Finserv client, contact us for a pre-approved loan offer.

  • mortgage loan interest rates

    Flexible tenors

    Collateral loans have a tenor of up to 84 months, enabling you to achieve your financial goals without being burdened about immediate repayment.

  • Education loan scheme

    Online account access

    Access your loan account from anywhere at your convenience, with Experia, our customer portal.

Documentation and Eligibility Criteria

Eligibility criteria for availing a collateral-free Business Loan:


    Age between 24 to 70 years*
    (*Age should be 70 years at loan maturity.)


    Your business should have a vintage of at least three years


    Your business should have its previous year's turnover duly audited by a CA

Collateral Free Business Loan Interest Rate and Charges

Bajaj Finserv brings transparency and clarity about loan rates and charges. The following are the current charges:

Types of Fees Applicable Charges
Rate of interest 17% onwards
Processing fees Up to 2%
Loan statement charges NIL
Interest & principle statement charges NIL
EMI bounce charges Rs.3000 for every bounce
Penal interest 2.00% p.m
Secure fee NA

How to Apply for Collateral-free Business Loans

Online Application


    Click here to apply


    Fill in the details and click Submit


    Our representative would contact you with your pre-approved offer

Through SMS

Our representative would contact you with your pre-approved offer


    SMS ‘BL’ to 9773633633

Collateral Free Loan FAQs

1. What is a collateral-free loan?

collateral-free loan is a credit facility in which a lender provides funds to the borrower without any guarantee. In other words, you can get funds at a specific rate of interest without pledging any personal or business assets.

2. How can I get a start-up loan without collateral?

Bajaj Finserv offers unsecured business loans for start-ups that come with minimal documents and easy eligibility. You can easily qualify for this credit facility if you have a CIBIL score of 685 or higher, are aged between 24 to 70 years, and running a start-up for a minimum of 3 years. Once you meet these simple eligibility parameters and submit the required documents, you can get up to Rs.45 lakh with a flexible repayment tenor of up to 84 months.

3. Can a trader apply for a loan without security?

A trader can avail of a Bajaj Finserv Business Loan of up to Rs.45 lakh without providing any security by fulfilling the simple eligibility criteria. An applicant with a healthy CIBIL score of age group between 24 to 70 years who is running his/her business for a minimum of 3 years can easily qualify for a loan for traders without security by submitting just a handful of documents.

4. What is the eligibility criteria for collateral-free loans for traders?

Bajaj Finserv offers collateral-free loans for retail traders that come with simple eligibility criteria. You can fulfil the following parameters to qualify for this unsecured credit facility:
• You must be a resident Indian citizen of age group between 24 to 70 years
• You must have a business operational for a minimum of 3 years
• You must have a CIBIL score of 685 or higher

5. Does MSME loan require collateral?

You can easily avail of an MSME loan of up to Rs.45 lakh without pledging any collateral. You can qualify for a Bajaj Finserv MSME Loan without collateral if you have a healthy CIBIL score of 685 or higher and own a business running for 3 years. Once you fulfil these eligibility criteria, you can submit just a handful of documents to get instant approval.

People Also Considered

Flexi Business Loan

Flexi Loan Conversion

Convert your existing loan | Pay lower EMIs by up to 45%*

Machinery Loan

Machinery Loan

Get up to Rs.45 lakh to upgrade equipment | Pay only interest as EMI

Working Capital Loan People Considered Image

Working Capital Loan

Get up to Rs.45 lakh to manage operations | Flexible tenor options

Business Loan for Women People Considered Image

Business Loan for Women

Get funds up to Rs.45 lakh | Minimal documentation