Whether you’re looking to buy or lease machinery, refill your inventory, improve existing infrastructure, or increase working capital, a commercial loan from Bajaj Finserv is a viable solution. With a substantial loan amount, you can grow your business and boost profitability. This loan offers a flexible tenure of up to 96 months, ensuring your monthly payments remain manageable.
Features and benefits of a commercial loan
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Funds up to Rs. 80 lakh
Address any business-related expense without restriction using this sizable sanction.
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Unsecured loan
To qualify for our commercial loan, you don’t need to pledge your business or personal assets as collateral.
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Personalised deals
Enjoy pre-approved offers from Bajaj Finserv that make the process of availing of finance easy and hassle-free.
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Flexi Facility Charge
Avail of the unique Flexi loan for repayment perks. With this feature, you can reduce your monthly outgo by up to 45%*.
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Online loan management
Access all your loan-related information anywhere, anytime, with the help of our online customer portal.
A commercial loan from Bajaj Finserv empowers businesses with high-value funding, ease of access, and complete control over repayments. With no collateral requirement, customised offers, and online management tools, this loan is well-suited to meet the dynamic needs of growing enterprises. Whether it’s expansion, working capital, or operational upgrades, these features ensure efficient and hassle-free financing.
Whether you're looking to buy or lease machinery, refill your inventory, improve the existing infrastructure, or increase working capital, a commercial loan from Bajaj Finserv is a viable solution. With an ample loan amount, you can grow your business and increase profitability. This loan comes with a flexible tenor of up to 96 months that ensure your monthly outgo is optimal.
Eligibility criteria and documents required for commercial loan
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Age
24 to 80 years*
(*Age should be 80 years at Loan Maturity)
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Nationality
Indian
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CIBIL score
Check your CIBIL Score for FREE685 or higher
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Work status
Self-employed
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Business vintage
At least 3 years
You will need the following documents to apply for commercial loan:
- KYC documents
- Business proof: Certificate of business ownership
- Other financial documents
Fees and charges applicable for commercial loan
Type of fee |
Applicable charges |
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
*The above Flexi facility charges will be deducted upfront from the loan amount |
Penal charge |
Delay in payment of instalment(s) shall attract Penal Charge of 36% per annum 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 Dropline Limit as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Term Loan: Up to 4.72% (inclusive of applicable taxes) of the Dropline Limit as per the repayment schedule as on the date of full prepayment. Part-prepayment – Not applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Term. |
Stamp duty |
Payable as per state laws and deducted upfront from loan amount |
Annual maintenance charges |
Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.413% (Inclusive of applicable taxes) of the Dropline Limit (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Term Loan: Up to 1.18% (Inclusive of applicable taxes) of the Dropline Limit during Initial loan tenor. Up to 0.413% (Inclusive of applicable taxes) of Dropline Limit during Subsequent loan tenor. |
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 commercial loan
Apply online for the commercial loan by following these simple steps:
- 1 Click on ‘CHECK ELIGIBILITY’ to go to the online application form
- 2 Fill in your basic information and enter the OTP sent to your registered mobile number
- 3 Fill in your personal and business information
- 4 Upload the last 6 months bank account statements and submit the application
Our representative will call you shortly after to offer further loan processing instructions.
*Conditions apply
**Document list is indicative
Frequently asked questions
Any self-employed individual, business owner, or professional with a stable income and a credit score of 685 or above can apply for a commercial loan. The applicant’s business must also be operational for at least 3 years and meet the lender’s documentation requirements.
To take a commercial loan, visit the lender’s website, fill out the online application form, choose the loan amount and tenure, and upload the required documents. Once verified, the loan is usually approved and disbursed within 48 hours.
The maximum tenure for a commercial loan from Bajaj Finance can go up to 96 months (8 years). This gives businesses the flexibility to repay in manageable monthly instalments.
Yes, many lenders, including Bajaj Finance, offer commercial loans to women entrepreneurs with easy eligibility and minimal documentation. Women business owners may also receive special offers or interest rate benefits depending on their profile.
